Crypto and Web3 companies in Portugal can bank, but normally only with the right authorisation under MiCA and after enhanced checks. Acceptance is case by case, and mainstream providers that serve Portugal review or limit virtual asset activity. A licence does not guarantee an account.
Suits Crypto and Web3 best
Depends on your licence and model. Some providers onboard licensed operators, others decline.
Typical monthly fee
Standard account fees plus enhanced due diligence, as of 1 April 2026.
Non resident position
A Portuguese registration and a NIF are required, and overseas ownership raises the level of checks.
Providers that fit
Few. Acceptance of crypto and Web3 models is limited and reviewed case by case.
Fees and features as of 1 April 2026Last reviewed 1 April 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
As of 1 April 2026, a crypto or Web3 company in Portugal can open a business account only with the right authorisation and after enhanced checks, and even then acceptance is case by case. Portugal applies the EU Markets in Crypto Assets framework, MiCA, brought into national law by Law 69 of 2025 and in force from December 2025, with a transitional period for existing virtual asset service providers running to 30 June 2026. Mainstream providers such as Revolut Business, Wise Business and Qonto serve Portugal registered businesses generally, but each reviews or limits crypto activity. Treat any specific position as unclear until confirmed with the provider.
What Crypto and Web3 firms in Portugal need from a business account
A crypto or Web3 firm needs a provider that understands its model and will keep the account open once activity starts. The practical requirements are a clear authorisation position under MiCA, strong anti money laundering controls, a documented source of funds, and transparency about the flows the account will see. Most mainstream providers serve ordinary Portugal registered businesses but apply enhanced review to virtual asset activity, and some decline it. As of 1 April 2026, confirm acceptance of your specific model and licence with the provider before relying on an account.
R
Revolut Business
Serves Portugal registered businesses with euro banking and cards, issuing Lithuanian IBANs. Acceptance of crypto and Web3 business models is reviewed case by case.
Best for
Everyday euro banking for compliant models
Monthly fee
Free tier, paid plans up to about 90 euros a month
Multi currency account with local details in major markets. States that acceptance of crypto and virtual asset businesses is limited, so confirm your model before applying.
Best for
Cross border payments for compliant models
Monthly fee
No monthly fee, a one time opening fee of about 50 euros
These providers serve business customers in Portugal. Crypto and Web3 firms face additional checks, so confirm acceptance of your model before applying. Fees and eligibility shown as of 1 April 2026. Confirm current terms with the provider before applying.
Questions about banking for Crypto and Web3 in Portugal
Can a crypto or Web3 company open a bank account in Portugal?
It is possible but harder than for an ordinary company. Banks and payment providers review virtual asset firms closely, and acceptance is case by case even for a licensed operator. Portugal applies the EU Markets in Crypto Assets framework, MiCA, brought into national law by Law 69 of 2025, in force from December 2025. As of 1 April 2026, confirm acceptance of your specific model with the provider.
Do you need a licence to run a crypto business in Portugal?
Under MiCA, a crypto asset service provider, a CASP, generally needs authorisation to operate in Portugal. Virtual asset service providers already registered with the Banco de Portugal may continue under the earlier anti money laundering framework during a transitional period that runs to 30 June 2026. As of 1 April 2026, confirm the current authorisation requirement with a qualified adviser and the regulator.
Which providers serve crypto businesses in Portugal?
There is no provider that accepts every crypto and Web3 model. Mainstream providers such as Revolut Business, Wise Business and Qonto serve Portugal registered businesses generally, but each reviews or limits crypto and virtual asset activity. Treat any specific position as unclear until confirmed with the provider. As of 1 April 2026.
Why do banks restrict crypto businesses in Portugal?
Banks apply enhanced anti money laundering checks to virtual asset firms because of the higher compliance risk, and many decline models they cannot monitor. A clear licence, transparent operations and a documented source of funds improve the odds. As of 1 April 2026, confirm the position with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 1 April 2026. Confirm current terms with the provider before applying.