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How to create a personal Blockrise account

Opening a personal Blockrise account is done entirely through the Blockrise app. Before the account is activated, every client completes the full onboarding flow, including identity verification and a financial background check. Blockrise is required by Dutch and European law to verify the identity of every client and the source of their funds.

This article explains what to prepare, how the steps follow each other, and what happens after submission.

Before you begin

To open a personal account with Blockrise, a client must:

  • Be at least 18 years old.
  • Reside in the European Economic Area (EEA).
  • Have a valid government-issued identification document (passport, national ID card, or EU driver's licence).
  • Have access to a smartphone (iOS or Android).

The full onboarding usually takes 10 to 15 minutes if all required information is at hand.

Step 1: Download the app and register

Download the Blockrise app from the App Store or Google Play. Open the app and register using an email address. A six-digit verification code is sent to that email address. This code is required at every login.

After verifying the email address, the next step is to set up a passkey. The passkey replaces the traditional password and is used together with the email code at every login. For details on passkeys and other login methods, see What is Two-Factor Authentication (2FA)?.

Step 2: Start verification

From the Overview screen, tap Start verification in the banner at the top. This opens the onboarding flow, which is structured as a guided sequence of questions and confirmations.

The first question is the account type. Select Personal to open an individual account. For joint accounts or parent-child accounts, contact the Blockrise support team.

Step 3: Provide personal details

The app asks for personal information that must match the government-issued ID:

  • First names and last name.
  • Date of birth.
  • Nationality.
  • Place of birth.
  • Phone number.
  • Residential address.

This information is collected to comply with Dutch and European anti-money laundering regulations.

Step 4: Confirm US person and PEP status

Two compliance questions follow:

  • Whether the client is a US person for tax purposes (FATCA).
  • Whether the client is a politically exposed person (PEP), or closely associated with one.

PEPs and US persons may still open an account. Additional due diligence applies in these cases.

Step 5: Share financial and professional background

Blockrise is required under EU regulations to understand each client's financial profile. The app collects:

  • Current occupation (up to two options).
  • Industries the client is active in, with a separate check for higher-risk sectors.
  • Main source of funds (for example salary, business income, investments, savings, or inheritance).
  • Annual income range.
  • Estimated net worth range.
  • Expected monthly deposit or withdrawal volume.

For clients planning to deposit bitcoin, the app also asks how the bitcoin was primarily acquired.

All responses are confidential and used solely for compliance purposes.

Step 6: Verify your identity

Blockrise uses a verification partner to confirm the client's identity. The process runs inside the Blockrise app and takes a few minutes.

Accepted documents are:

  • Passport.
  • National identity card.
  • EU driver's licence.

The document must be valid and not expired. The verification consists of scanning the document and recording a short selfie video. Photos taken from another screen or copies are not accepted.

Step 7: Accept the Services Agreement

The Blockrise Services Agreement, Fee Schedule, and General Terms and Conditions are presented in full. The client scrolls through the document and confirms acceptance. The agreement is signed digitally with Blockrise Capital B.V., the entity registered at Blaak 555, 3011 GB Rotterdam (KvK 74879782).

Step 8: Set up the bunq personal account

Blockrise partners with bunq to provide each client with a personal IBAN, held in the client's own name. During onboarding, the bunq Personal Account Terms & Conditions are presented for acceptance. Once approved, the personal IBAN is activated automatically and used for all euro deposits and withdrawals. For background on this setup, see What is my personal IBAN?.

Step 9: Final acknowledgements

Before submission, three final confirmations are requested:

  • Acknowledgement of the Blockrise Risk Disclosure.
  • Acknowledgement of the bunq general terms and conditions.
  • Confirmation that the client will invest using their own funds.

After submission

Once submitted, the application is reviewed by the Blockrise compliance team. In most cases the account is activated straight away. If additional information is required, a member of the Blockrise team contacts the client by email, which extends the timeline.

Step 10: Set up the Blockrise wallet

Once the account is approved, the final step is to create the Blockrise wallet. This is the bitcoin wallet used to hold the bitcoin purchased through the platform. The wallet is set up inside the app and consists of generating and securely storing a recovery phrase. See [How to set up your Blockrise wallet] for the full walkthrough.

Frequently asked questions

How long does onboarding take? The in-app flow itself takes 10 to 15 minutes. In most cases the account is activated immediately after submission. If the compliance team requires additional information, the timeline depends on how quickly that information is provided.

Can the onboarding be completed on a laptop or desktop? No. The onboarding flow runs inside the Blockrise app on iOS or Android. A smartphone is required.

What is a politically exposed person (PEP)? A PEP is a person who holds, or has recently held, a prominent public function, or who is a close family member or known associate of such a person. PEPs may still open an account, subject to additional due diligence.

What happens if a document is rejected during verification? The app provides the option to retry. If the issue persists, the Blockrise support team can be contacted at support@blockrise.com or +31 10 848 17 41.

Is the personal data shared with bunq? A limited set of identity and address data is shared with bunq to open and operate the personal IBAN. For more detail, see Privacy at Blockrise.