Onramp Launches Bitcoin Business Accounts With Two-Person Withdrawal Controls

Onramp launched Onramp Business on Tuesday, Nov. 10, giving companies holding Bitcoin (BTC) a no-monthly-fee account with named users and an option to require a second-person approval for withdrawals.

The account charges 0.85% per trade. Bitcoin is kept in cold storage with a qualified custodian, and accounts are generally verified within one business day.

Companies can give access to as many as three users across owner, admin and view-only roles. They can review an audit trail and require a second person to approve withdrawals. Onramp designed the account to give businesses familiar financial controls, including named access, withdrawal signoffs and activity records, founder and CEO Michael Tanguma said.

Those account controls are separate from custody design: the base account does not include Onramp’s Multi-Institution Custody service. That service is part of Onramp Treasury, which places Bitcoin in a vault held in the company’s name and protected by an arrangement involving Onramp, Tetra Trust and CoinCover.

The vault uses a two-of-three arrangement, so no single institution can move the Bitcoin alone. Treasury supports up to five users and two vaults, and includes migration assistance and continuity planning for leadership changes. Business and Treasury therefore offer different controls: the first sets user roles and approval rules, while the second adds a shared institutional custody arrangement.

Treasury starts at $375 per month or $3,600 per year, with a 0.65% trade fee. Onramp also introduced an Enterprise tier for funds, miners and large corporate treasuries; its price is set through consultation.

Tanguma said some companies had paused plans to hold Bitcoin after board members asked who would control the assets. “Nobody had a good answer,” he said.

Physical attacks against Bitcoin and other crypto holders totaled 52 during the first half of 2026, a 33% increase from a year earlier. Onramp has offered Multi-Institution Custody to individual and institutional customers since 2023.

The Business account is available now. Tanguma previously discussed similar corporate custody questions in his earlier discussion of corporate Bitcoin custody. Onramp is waiving Treasury’s $500 onboarding fee for companies that activate the tier by Dec. 31.