Overview
Monerium, at a glance.
Monerium is an e-money institution headquartered in Iceland, regulated by Central Bank of Iceland. Pricing is agreed with each client. Opening an account takes 3–5 days.
E-money is backed one to one by segregated funds. This is not deposit insurance.
Why businesses pick Monerium
- A euro IBAN in your company's name, linked directly to your own blockchain wallet
- SEPA and SEPA Instant in and out
- Open to sole traders as well as companies
- The IBAN is issued within seconds once the company is approved
Watch out for
- Euro only, and only useful if you want your money on-chain
- Not a conventional account: you hold tokens in your own wallet
- Gambling, adult entertainment, diamonds and unlicensed financial activity are not accepted
- Fees are not published
- Trustpilot score of 2.8 from 25 reviews
Business fit
Will Monerium 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 Monerium's published rules
Needs review
Monerium works with Web3 businesses, but does not publish the countries it accepts companies from.
Monerium 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 Monerium publishes about the businesses it takes on.
Who Monerium serves
- Crypto
- IT and software
All 5 industries on Monerium's accepted list
- Web3 businesses
- Corporate treasury
- Digital-asset platforms
- Individuals or corporates needing named EUR IBAN/EURe
- Partner applications and integrations
Not supported
Industries and countries Monerium does not accept, from its own published lists.
Industries
- Adult entertainment
- Gambling
- Exotic-animal trade
- Diamond industry
- Arms and dual-use goods
- Piracy/illegal streaming
- Counterfeit goods
- Unregulated pharmaceuticals/food supplements/nutraceuticals
- Anonymous-crypto facilitation
- Unlicensed security-token facilitation
- Binary options
- Unlicensed FX brokers
- Unlicensed charities
- Third-party/multi-layered payments
- Hawala
- Ponzi/pyramid/MLM
- Unlicensed financial or money-transmitting activity
- Darknet illegal goods/services
- Adult entertainment/pornography/prostitution/obscene material
- Bribes/payoffs/kickbacks
- Crypto P2P centralised platforms where Monerium IBAN is used for trading
- Front/reseller/third-party intermediary without approval
Countries
- Not published
Coverage
Where can you use Monerium?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR
- EUR
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Private and public companies, Sole traders
Pricing
What does Monerium 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
Not published
Monthly fee
Not published
Corporate profile
Custom
Transaction fees
Other fees
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Not offered | Not available |
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 Monerium a bank?
No. Monerium hf. is an e-money institution authorised in Iceland. It issues the EURe token, a euro held as e-money on a blockchain; this is not a bank deposit.
How does a Monerium IBAN work?
Your company gets a euro IBAN in its own name, linked to its blockchain wallet. Euros paid to the IBAN are issued to the wallet as EURe, and EURe sent for redemption is paid out by SEPA.
How much does Monerium cost?
Fees are not published.
Which businesses does Monerium not accept?
Its list includes adult entertainment, gambling, the diamond industry, arms, counterfeit goods, binary options, unlicensed brokers and charities, and pyramid schemes.
Alternatives
How Monerium compares.
If Monerium is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 MoneriumThis pageE-money institution |  | On-chain euroNamed IBAN |
 Fiat RepublicE-money institution |   | Crypto platformsAPI |
| BVNKE-money institution |  | StablecoinsEnterprise |
 NexpayE-money institution |  | Dedicated IBANCrypto and gaming |
 NarviE-money institution |  | Dedicated EUR IBANNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.