Traditional banking and the volatile cryptocurrency market have evolved to create a new financial paradigm: crypto-friendly banks. These institutions serve as critical bridges between digital assets and conventional finance, offering seamless integration for enthusiasts and investors alike.
This guide explores the top crypto-friendly banks globally, evaluating factors like fees, security, features, and supported markets.
Key Takeaways: Top Crypto-Friendly Banks
- Royal Bank of Scotland
- Revolut
- Ally Bank
- Monzo
- Bank of America
- Quontic
- Barclays
- JPMorgan Chase
- Citi
- AMINA Bank
- Santander
- Bank Frick
Crypto-Friendly Bank Alternatives
If traditional banks don’t meet your needs, consider these alternatives:
- swissmoney
- Wirex
- Juno
- Nationwide
- Bitstamp
- ByBit
Comparison Table: Best Crypto-Friendly Banks
| Bank | Operating Countries | Crypto Services | Key Features | Fees |
|---|---|---|---|---|
| Royal Bank of Scotland | UK, Gibraltar, Luxembourg | Transfers to regulated exchanges (BTC/ETH) | Debit/credit cards, savings accounts | Free account maintenance |
| Revolut | 30+ countries | In-app trading for 36 cryptos | Multi-currency accounts, crypto wallet | 0.30–2.00% int’l transfer fees |
| Ally Bank | US, Canada, Bermuda | Integrates with Coinbase | High-yield savings (4.20% APY) | No monthly fees |
| Monzo | UK, Ireland, US | GBP transfers to crypto exchanges | Budgeting tools, overdrafts | £1 fee for cash deposits |
Detailed Reviews of Crypto-Friendly Banks
1 Royal Bank of Scotland (RBS)
Overview: A UK-based bank allowing transfers to regulated crypto exchanges.
Supported Crypto: BTC, ETH
Pros:
- Connects to exchanges
- Strong customer service
Cons: No direct crypto trading
2 Revolut
Overview: A digital bank offering in-app crypto investments.
Supported Crypto: 36 currencies
Pros:
- Multi-currency support
- Low transfer fees
Cons: Weekend conversion fees
3 Ally Bank
Overview: US online bank with Coinbase integration.
Supported Crypto: None (external exchanges only)
Pros: High-yield savings
Cons: No physical branches
FAQ Section
1. What is a crypto-friendly bank?
A bank that supports cryptocurrency transactions, such as trading or integrating with exchanges.
2. Do I need a bank account for crypto?
No, but it simplifies fiat-to-crypto transactions.
3. Which European banks are crypto-friendly?
- Revolut (UK)
- Wirex (UK)
- AMINA Bank (Switzerland)
How to Choose a Crypto-Friendly Bank
- Location: Ensure services in your country.
- Supported Currencies: Check for fiat and crypto options.
- Fees: Compare transaction costs.
- Security: Prioritize FDIC-insured or regulated institutions.
Pros and Cons of Crypto-Friendly Banks
Pros:
- Easy crypto access
- Integrated services
Cons: - Exposure to volatile assets
- Higher fees