What are the advantages of overseas accounts? Why does Web3 need overseas accounts?

In the cryptocurrency industry, the high thresholds of traditional banks, the risk of fund freezing, and the cumbersome cross-border processes are like invisible shackles. A simple USDT receipt could lead to account suspension; a cross-border remittance can take several days and incur fees ranging from 3% to 8%. While global payments in Web3 have compressed transaction times to minutes and costs have approached zero, practitioners' funding channels are still trapped in the old system.

##Crypto-Friendly: Open the Free Channel between Fiat and Digital Currency The compliance banks that support the free exchange of cryptocurrencies are key to breaking the deadlock. Taking Bison Bank in Portugal as an example, it is the only entity bank in Europe approved by the European Central Bank to provide cryptocurrency services. It allows users to directly exchange mainstream cryptocurrencies such as USDT, BTC, ETH with more than 20 fiat currencies including USD, EUR, and offshore RMB within their accounts.

This "dual account system" eliminates barriers for fund flows:

• Enterprises: Can directly receive USDT payments from overseas customers and instantly convert them to fiat currency to pay suppliers, avoiding exchange rate fluctuation risks;
• Individual: On-chain assets can be easily exchanged in compliance with KYC for consumption, investment, or even real estate purchases.

The rate is as low as 0.3%-0.5%, which is undoubtedly a safer and more efficient path compared to the freezing risks of traditional OTC and the high premiums in the over-the-counter market. ##Global Connectivity: Borderless Capital Allocation Power Web3 practitioners often face demands such as salary settlement for distributed teams and receiving payments from clients in multiple countries, while traditional banks' foreign exchange controls and regional restrictions become fatal shortcomings. The core advantage of overseas accounts lies in:

• No foreign exchange controls: Bessen Bank accounts have no transfer limit restrictions and support global multi-currency transactions.
• Offshore financial flexibility: Funds are not affected by the policies of a single country, making it especially suitable for businesses operating in regions with strict regulations (such as certain emerging markets);
• Automated and Efficient Processing: The Virtual Account feature allows for batch processing of transactions, significantly reducing labor and time costs.

##Compliance and Security: "Double Insurance" of Licensed Banks In the context of increasingly stringent anti-money laundering regulations, the compliance of licensed banks is crucial. Baisen Bank not only holds a full banking license from the EU but is also a certified offshore RMB clearing bank (CIPS) by the People's Bank of China, with all funds held in physical banks and protected by deposit insurance. Its KYC/KYT system can monitor on-chain transaction activities in real time, striking a balance between concealed addresses and public audits, thereby meeting regulatory requirements while safeguarding user privacy.

Easy Account Opening: Global Fund Management Activated in 3 Days

Unlike high-threshold institutions such as DBS Bank, Bessen Bank offers online instant account opening for individual and corporate users.

• Individual: Only passport + address proof required, all operations online;
• Companies: Offshore companies such as those in Hong Kong, BVI, and Singapore can apply, and the account can be opened as soon as 3 working days after all documents are complete.

No need to go to Portugal; cryptocurrency practitioners can have a financial account covering over 100 countries from the comfort of their home. While traditional banks are still clearing "suspicious" crypto accounts, a new generation of offshore banks has built a bridge for the free flow of fiat and cryptocurrency. Licensed institutions like Baison Bank are opening a compliant and efficient financial gateway for Web3 practitioners, using the European Central Bank license as the foundation, multi-currency exchange as the engine, and a global payment network as the channel.

An account serves as both a shield against regulatory storms and a spear that penetrates sovereign barriers—this may be the ultimate answer for digital nomads and crypto enterprises to survive globally.

Author: Blog Team *This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of the services from restricted areas. Please read the user agreement for more information, link: