Opening a Kosh account is a regulated onboarding process. Knowing what to prepare in advance will help things move faster and avoid unnecessary back-and-forth.
Step 1: Choose your account type
The first thing to decide is whether you are signing up as:
An individual — for freelancers, remote workers, and anyone receiving or sending international payments personally
A business — for companies, startups, and incorporated entities using Kosh for payroll, vendor payments, or treasury operations
Your account type determines whether you go through KYC (individual) or KYB (business), and which documents you will need.
Step 2: Confirm your location
You will need to provide:
Your country of residence (individuals)
Your country of incorporation and primary place of business (businesses)
This matters because Kosh's supported corridors and regulatory requirements vary by jurisdiction.
Step 3: Prepare your source of funds document
As part of standard AML compliance, you will need to provide a document that shows where the money flowing through your account comes from.
Individuals: An employment agreement or a freelancer/independent contractor agreement
Businesses: A service agreement or equivalent business contract that establishes the nature of your revenue
Make sure the document is valid, clearly legible, and matches the details on your application.
Step 4: Describe your intended use case
You will be asked to explain how you plan to use Kosh. For example:
Receiving international payments as a freelancer
Paying remote contractors across multiple countries
Converting crypto to fiat and withdrawing to a local bank account
Managing cross-border payroll for a distributed team
Be clear and specific. Vague or incomplete descriptions can slow down your application or trigger additional follow-up from our compliance team.
A few tips before you submit
All documents must be clear, valid, and not expired
The name on your documents must exactly match the name you register with
For businesses, have your incorporation documents and beneficial ownership details ready before you start
Once you submit, your application enters the KYC or KYB review process. For timelines, see our articles on KYC approval and KYB approval.
If you have any questions before you apply, contact us at [email protected].