Overview
Fiat Republic, at a glance.
Fiat Republic is an e-money institution headquartered in the United Kingdom, regulated by FCA, DNB. Business accounts cost €1,000 a month. Opening an account takes 3–5 days.
E-money reserves are held in segregated safeguarding arrangements through a separate custodian foundation. E-money is redeemable at face value and is not deposit-guaranteed.
Why businesses pick Fiat Republic
- Built specifically for crypto exchanges, platforms and trading desks
- Named virtual accounts for each of your customers, allocated within minutes
- Reaches SEPA, Faster Payments, SWIFT, ACH and Fedwire
- Licensed as an e-money institution in the UK and the Netherlands
- A relationship manager
Watch out for
- Costs €3,000 to open and €1,000 a month
- For crypto and Web3 businesses that integrate by API, not ordinary companies
- Integration typically takes two to four weeks
- The exchange margin is not published
- No cards
Business fit
Will Fiat Republic accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Fiat Republic's published rules
Needs review
Fiat Republic works with Crypto exchanges, but does not publish the countries it accepts companies from.
Fiat Republic does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Fiat Republic publishes about the businesses it takes on.
Who Fiat Republic serves
- Crypto
- Financial institutions
All 6 industries on Fiat Republic's accepted list
- Crypto exchanges
- Crypto platforms
- CASPs
- Web3 businesses
- OTC desks
- Liquidity providers
Not supported
Industries and countries Fiat Republic does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Fiat Republic?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
7 currencies
- EUR
- USD
- GBP
- CHF
- AUD
- DKK
- SEK
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Fiat Republic cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
€3,000
Monthly fee
€1,000
Platform account
€1,000 per month
€3,000 setup · €15,000 in year one
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Fiat Republic a bank?
No. Fiat Republic Financial Services Ltd is an e-money institution authorised by the UK FCA, reference 900524, and Fiat Republic Netherlands B.V. is authorised by the Dutch central bank, reference R190553.
How much does Fiat Republic cost?
€3,000 to open and €1,000 a month. The exchange margin is not published.
Who is Fiat Republic for?
Crypto exchanges and platforms, crypto-asset service providers, Web3 businesses, OTC desks and liquidity providers.
What is a Fiat Republic virtual account?
A named account reference for one of your customers. It has no balance of its own and settles to your master account.
Alternatives
How Fiat Republic compares.
If Fiat Republic is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Fiat RepublicThis pageE-money institution |   | Crypto platformsAPI |
 BCB GroupPayment institution |  | Crypto-friendlyInstitutional |
 Clear JunctionE-money institution |   | Financial institutionsDigital assets |
 OpenPaydE-money institution |  | Virtual IBANsFintech infrastructure |
 NexpayE-money institution |  | Dedicated IBANCrypto and gaming |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.