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8 Best Banks for Cryptocurrency: Which is Suitable for You?

Since cryptocurrency is a different introduction to the financial world, traditional banking systems cannot cooperate with these new trends. So, if you are dealing with cryptocurrencies, you will need particular banks that support this decentralized money. That’s why we bring you the eight best banks for cryptocurrency that will fulfill your requirements. We won’t just describe these banks in detail and explain their features, pros & cons, but we will also tell you how to select the best crypto bank. So, Let’s Begin!


Introduction of Crypto Banking

The recent surge in popularity of cryptocurrencies such as Bitcoin and Ethereum, along with many others, has created a demand for solid financial services designed to accommodate digital assets. It has outcasted the traditional methods and the banking system, creating a gap that initiated a specific crypto banking.


These financial institutions provide services that are primarily geared towards cryptocurrency users. These services include safe ways to store, trade, and manage virtual possessions and assets. Since the crypto world doesn’t include any third-party or central authority, these banks must operate differently.


Factors You Should Consider Before Choosing the Best Banks for Cryptocurrency

You may choose any right crypto bank to store your digital coins. However, it would help to consider some essential factors before selecting the best banks for cryptocurrency. Those few considerations are mentioned below:


Fiat & Cryptocurrencies Support

The first thing to consider is whether or not the bank supports your required traditional fiat and cryptocurrencies. You must select a bank that supports many of these currencies or the ones you will deal with the most. Most of these will be Bitcoin, Ethereum, Cardano, or others. However, ensure the bank supports multiple fiat for easy transactions.



Although hacking the blockchain of a crypto coin is impossible, the platforms dealing with these coins may be much more vulnerable. So, it is essential to conduct thorough research on the security measures of a crypto bank. Monitor their safety precautions implementation such as two-factor authentication (2FA), cold wallet storage, and encryption techniques. Also, prioritize the crypto banks that have zero hack records.


Reputation & Reviews

Another critical factor is to check the credibility, reputation, and popularity of the best banks for cryptocurrency. Please read about the ratings and other users’ reviews through third-party platforms (such as Trust Pilot) to understand their customer services. A cryptocurrency bank with a high level of popularity is more likely to function as a dependable advisor and deliver services of the highest quality.


Trading Fees

One of the most essential factors is checking whether the crypto bank falls under your budget. These platforms have different costs, such as buying and selling fees, withdrawal fees, and other charges. Depending on the particular cryptocurrency bank, these fees may be very different. Ensure you understand the fee structure and compare it to the other banks’ prices.



Finding pocket-friendly banks for cryptocurrency should not be all your research. You need to get a bank with an intuitive and friendly user interface (UI) and user experience (UX). Exploring, switching between, and maintaining your digital currency should be simple. You don’t need to worry about navigation and finding your relevant section. This factor even becomes more crucial if you are a beginner.


Rewards & Other Perks

Last, managing your digital assets won’t be everything you want. You may also want something from the bank, like benefits or rewards. So, keep an eye on the reward system, such as packages, cashback on transactions, leverages, and other incentives while you use their services. It’s small but can deliver a lot towards an impressive experience.


8 Best Banks for Cryptocurrency

1. PlasBit

PlasBit is a Polish-regulated crypto bank that provides online banking services worldwide. It was established in 2020, during the COVID-19 times, to provide a one-stop crypto banking solution for multiple businesses that are going online during the pandemic. The company overgrew due to its unique features and successfully got a team of 80+ members in only three years.


Since PlasBit is the only dedicated bank for cryptocurrencies on this list, you can expect versatile options and features from the platform. It was established while only keeping the crypto users in mind, so it is one of the best banks for cryptocurrency. Below are some of the PlasBit’s highlighted features:



  1. Secure Digital Wallet – PlasBit offers users a versatile and highly secured digital wallet to save their virtual assets. All users’ data and information are stored in cold storage, making them unable to penetrate. Moreover, the wallets use industry-grade encryption standards for maximum protection.
  2. Versatile Crypto Cards – You can unlock the premium benefits of the wallet mentioned above with PlasBit Crypto Cards. The platform offers three types of these cards, i.e., Virtual, Plastic, and Metal. Each type has its distinctive features, perks, and withdrawal limitations. You can hold and use only four cryptocurrencies from the cards: BTC, TRX, USDT, and USDC.
  3. Invaluable Widgets – Besides a digital wallet and crypto cards, PlasBit offers unique widgets to help you trade, invest, transact, or perform any crypto tasks. These widgets are price, profit, tax, mining, history calculators, etc. So, these will help you make informed crypto decisions and make more money.
  4. Dynamic Wire Transfer – PlasBit offers versatile, convenient, quick wire transfers. You can send money or transact anywhere worldwide and shop directly from your digital wallet. The best part is that you don’t need to convert the crypto into fiat; it will be automatically converted according to current market prices.



  • Automatic Currency Conversion
  • Easy Signup & Navigation
  • 24/7 Customer Support
  • Great for Beginners
  • High Data Encryption



  • Doesn’t have a mobile application


2. Wirex

Wirex is a user-friendly and modern way to access and handle digital currencies. It acts as a bridge between traditional economic systems and the exciting world of cryptocurrencies. Established in 2014, the platform soon got quite a reputation among several users. At the time of writing, it has over 6 million users, dealing in 250+ digital assets. However, it is unavailable worldwide as it’s operative in only 40+ countries.



  1. Wallets for Cryptocurrency – Digital wallets for your crypto assets are at the heart of what Wirex offers. Customers can keep cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more in these virtual wallets. Each cryptocurrency wallet has a unique address that you can use to send and receive coins.
  2. Wirex Visa Card – One of Wirex’s best benefits is its Visa card, which lets you spend your cryptocurrencies like a regular debit card. You can use the Wirex Card at tens of thousands of places, making it easy to use cryptocurrency to pay for regular prices. However, it still has some restrictions on several regions due to jurisdictions and regulatory issues.
  3. Cryptoback Rewards – Wirex has a unique program called Cryptoback that gives you up to 8% of what you spend back in coins. For example, if you buy something with your Wirex card, you might get back a particular portion of the cost of the transaction in Bitcoin or another supported cryptocurrency. This means that you can make cryptocurrency by spending it.
  4. Exchange for Cryptocurrencies – Users can purchase, sell, and exchange cryptocurrencies directly from their Wirex accounts. Because of this update, it is now much simpler to monitor cryptographic qualities.



  • Simple Transactions
  • Easy to Use
  • Up to 8% Cryptoback
  • Free ATM Withdrawals



  • The fees are expensive
  • Doesn’t operate in several regions


3. Revolut

Revolut is also one of the best banks for cryptocurrency that provides various financial services and knows how to incorporate cryptocurrencies. The platform was founded in 2015 to provide digital banking solutions and various financial services, such as online banking, currency exchange, and international money transfers. Since 2017, the platform has allowed users to buy, sell, and hold cryptocurrencies. Moreover, Revolut aims to simplify traditional banking processes and make them more accessible through a user-friendly mobile app.



  1. Cashback in Cryptocurrencies – Even more unique, Revolut has added a cashback feature that gives users 1% of their purchases back in cryptocurrency. You can get a small amount of cryptocurrency for every eligible transaction with your Revolut card. This encourages customers to use both digital currency and their usual buying habits.
  2. Trading on Autopilot & Price Alerts – Revolut also offers a fantastic feature that takes comfort one step further. With this feature, users can set target exchange rates for different coins. Once the target charge is met, the app automatically changes one cryptocurrency for another. This could be especially helpful if you want to take advantage of changes in the market without constantly looking at it.
  3. Keep Track of Prices in Real-Time – Keeping up with the prices of cryptocurrencies is essential to make intelligent buying decisions. The Revolut app lets you check the prices of many cryptocurrencies in real time so you can make informed decisions. Users can quickly learn about price changes, past data, and trends to decide when to buy or sell.



  • Easy Conversion to Fiat Currencies
  • Quick Transactions
  • Minimum International Transfer Fee
  • Instant Application Notifications



  • Fewer crypto options
  • Not available in all regions


4. BankProv

BankProv (formerly known as The Provident Bank) is an excellent example of a modern bank that meets the needs of tech-savvy people and groups. BankProv has been around since 1828 and has a long history of providing financial services focusing on the customer.


It is a significant financial institution offering flexible banking solutions focused on technology for growing businesses, especially in cryptocurrency. Although it is an old-school bank with traditional measures, it started supporting crypto in 2020, reflecting its advancements to the modern world.



  1. Customer Service – BankProv offers personalized customer support service to people and organizations that want to use cryptocurrencies in their financial plans. This help includes advice on setting up coin wallets, using technology to make transactions, and dealing with capacity issues.
  2. Regulatory Compliance – Since cryptocurrencies work in a complex regulatory environment, BankProv is committed to ensuring they follow all related laws and policies. This protects the financial company’s business and makes customers feel good about using cryptocurrency.
  3. Progressive Educational Projects – BankProv knows that it can be challenging for people to understand cryptocurrencies, especially if they are new to the technology. To make up for this lack of knowledge, the bank has put out teaching projects to help customers understand the basics of cryptocurrencies, their benefits, and the risks that come with them. These projects include seminars, webinars, and informational tools on their website.



  • High-Security Measures
  • Diversification of Investment
  • Reputable Bank for Years
  • Impressive Customer Support



  • High fees for Wire Transfers
  • Physical branches are only located in Massachusetts & New Hampshire


5. Ally Bank

Ally Bank, a well-known online bank, recently entered the cryptocurrency industry. It is among the best banks for cryptocurrency since it is also one of the pioneers of online and digital banking since the bank was established in 2009. Soon, it has become popular with people who want a modern banking experience because of its easy-to-use platform and focus on the customer. It has gathered 11 million customers, representing the trust people have in the bank.


For the crypto enthusiasts, Ally Bank offers investments for Crypto Trust and allows users to trade in Bitcoin Futures. People can also invest and trade crypto stocks with enough trading experience. It is essential to mention that Ally Bank doesn’t support cryptocurrency. You can buy crypto coins through their cards, but you will need a digital wallet to store your cryptocurrencies.



  1. Integration with Coinbase – It has partnered with Coinbase, one of the world’s biggest and most trusted bitcoin exchanges. Thanks to this partnership, users can link their Coinbase accounts to their bank accounts. This connection makes it easy to move money between your regular bank account and your cryptocurrency account.
  2. Amounts – Once you’ve linked your Ally Bank account to your Coinbase account, you can quickly check your cryptocurrency amounts from your account dashboard. This combined view gives you a complete picture of your natural and virtual home.
  3. Transferring Money – Their Bitcoin features let you move money between your Ally Bank account and your related Coinbase account. This makes it easy to move money, so you can put money into or take coins out of cryptocurrencies as you wish.



  • Reputable Platform
  • Easy Crypto Coins Purchasing
  • Low Trading Commission on Stocks
  • Doesn’t Have a Minimum Limit



  • Doesn’t have a digital wallet
  • Don’t have physical branches


6. Juno

Juno is taking a novel approach by developing a hybrid financial organization that combines traditional banking services with the opportunity to invest in cryptocurrencies. It was established in the fall of 2019. Juno provides its users an FDIC-insured bank account and a Visa debit card to utilize their cryptocurrency holdings like cash.


In January 2023, Juno had to cease their crypto services since their crypto custodian, Wyre, shut down due to the volatile effect of the crypto market. So, Juno’s crypto users either had to switch to another bank or wait for the renewal of services. However, it restarted the crypto services in May 2023, when it got a new custodian, Zero Hash. Besides this inconvenience, Juno has been great with their services.



  1. Financial Inclusion – Cryptocurrencies can help people poorly served by traditional banking systems. The cryptocurrency features of Juno Bank help with financial inclusion because they give customers access to the global market no matter where they live.
  2. Diversification – With Juno Bank’s support for various cryptocurrencies, customers can diversify their investment portfolios. This variety could lower risks and increase capacity returns. So, it makes it one of the best banks for cryptocurrency.
  3. Better Security – The security features used by Juno Bank give customers peace of mind by ensuring their virtual assets are safe from online threats. Encryption, two-factor login, and a bloodless garage make it much less likely that someone will get in without permission.
  4. Making Transactions Easier – Switching between cryptocurrencies and regular fiat currencies makes transactions easier. Users can move money around, make payments, and change virtual money without involvement from a third-party platform.



  • Diversification Option
  • Secure Transactions
  • Cash Back Rewards
  • No Fees for Conversion Between USD & USDC



  • Less cryptocurrency support
  • No interest option on ETH and BTC through staking or lending


7. Quontic

Quontic is also one of the old runners in the banking field, which started in 2009. The company has multiplied ever since and has gathered an employee power of more than 200 people. The platform provides several banking and finance solutions, such as loans, mortgages, savings accounts, interest checkings, and many more.


The bank started dealing with cryptocurrencies in 2020 and began its journey in this volatile world with Bitcoin rewards checking. Because the bank takes a non-judgmental stance towards digital assets, it is an excellent option for customers who wish to buy cryptocurrencies and do their banking within the platform. But since loans and taxation in cryptocurrency differ from typical calculations, use a proper crypto tax calculator to help you use Quontic.



  1. Regulatory Compliance – Quontic Bank places a sturdy emphasis on regulatory compliance regarding its cryptocurrency offerings. This guarantees that clients can interact in cryptocurrency transactions within a framework that meets legal and regulatory requirements.
  2. Global Accessibility – One of the standout capabilities of cryptocurrencies is their global accessibility. Traditional economic systems regularly include geographical limitations and worldwide transaction fees. Cryptocurrencies, alternatively, may be sent or acquired everywhere in the world with minimum costs and without the want for intermediaries like banks.
  3. Bitcoin Banking – Quontic Bank is at the vanguard of adopting cryptocurrency as a legitimate form of banking. It gives Bitcoin banking services, permitting clients to shop for, sell, and maintain Bitcoin. This integration permits clients to diversify their portfolios by including this famous and influential cryptocurrency.



  • High Interest & Yield Opportunities
  • Rapid Global Transactions
  • Access to Charges-Free ATMs
  • Potential Bitcoin Rewards



  • Doesn’t have 24/7 customer support
  • Complex cash deposit methods



USAA, “United Services Automobile Association,” is a unique and highly regarded financial organization that provides services to military members and their families. So, it is among the best banks for cryptocurrency for military officers and veterans. USAA was started in 1922 by a group of Army officers who had trouble getting insurance. Since then, it has grown into a trusted provider of insurance, banking, investments, and more.


The corporation demonstrated a rising interest in digital currencies before they became famous. To address and meet the demands of managing cryptocurrencies, they collaborated with Coinbase in 2015. Even though USAA is less crypto-focused than several platforms only concerned with digital assets, its desire to look into virtual assets could be great for people who want security and crypto-related services.



  1. Checking the Balances of Cryptocurrencies – People with USAA Bank accounts link their Coinbase loans to their USAA debts. With this integration, they can see how much money they have in their Coinbase accounts within the USAA online banking app.
  2. Resources for Learning – USAA Bank has training materials to help customers understand how cryptocurrencies and blockchain technology work. These tools will help you learn more about the risks and benefits of investing in cryptocurrencies.
  3. Safe Connections – USAA Bank places great importance on safety. The integration with Coinbase is meant to give customers a safe, smooth experience and protect their financial records and Bitcoin holdings.



  • Excellent Digital Assets Security
  • Flexible ATM Rules
  • Diverse Learning Resources
  • Easy-to-Use Mobile App



  • Only for military and their families
  • Only have five physical branches, located just in the US


Wrapping Up

Cryptocurrency has brought a significant shift in the banking and financial system. Several people convert to these virtual assets, but they lack proper banks for their crypto coins. However, you have the best banks for cryptocurrency in the above list and the factors in choosing them.


If we have to pick one, we will choose either PlasBit or Revolut, where the major shift will be towards PlasBit. It is because that platform is crypto-centric and only targets crypto users. So they can better solve their issues and help them get proper solutions. Our pick for Revolut is only due to its mobile application, as PlasBit lacks it. So, if you want on-the-go services, then choose Revolut. Otherwise, PlasBit will be a more reliable option.


Anyways, these are just two picks, according to our expert opinions. But you are free to select what suits you the best. Either join a bank that solves most of your problems or try them all for a better choice. In the end, the best bank will be the one which resolves your problems. So, go and choose the best crypto bank for yourself.


best banks for cryptocurrency