The cryptocurrency market is volatile and unpredictable, But despite the risks and challenges, many people are choosing to invest in digital currencies instead of traditional assets like stocks or gold. The growing popularity of cryptocurrencies signals a shift in how people think about money.
As a result, we’re seeing an increasing number of cryptocurrency banks opening their doors so that crypto users can easily store their digital currency. Best cryptocurrency banks in Europe, like plasbit, coinbase, etc., provide a safe place to store and manage their online coins. Here is a list of the best cryptocurrency bank in Europe.
Plasbit is one of the best cryptocurrency banks in the UK that offers bank transfers, physical debit cards that you can use for ATM Withdrawals, and a crypto exchange. Plasbit allows you to Manage your crypto and fiat currencies in one place and interaction between them in seconds.
You can pay in local currency all around the globe with the tap of the card and low fees. Supports up to five different cryptocurrencies, including BTC, ETH, LTC, ADA, and USDC.
Coinbase is a San Francisco-based cryptocurrency bank that supports over 100 cryptocurrencies. Users can store their cryptocurrency in a secure digital wallet linked to their Coinbase account. To open an account, users need to provide their name, email address, country, and phone number.
Once the account is verified, Coinbase users can link their bank account or credit/debit card to their account to buy cryptocurrency. In addition to storing and managing coins, Coinbase offers a few additional features like Coinbase Invest, Coinbase Commerce, Coinbase Wallet, and Coinbase Prime.
Revolut is a UK-based cryptocurrency bank that offers services, including GBP and EUR bank accounts, debit cards, fee-free currency exchange, stock trading, cryptocurrency exchange, peer-to-peer payments, and a mobile payment app.
Once the account is verified , users can link their Revolut account to their bank account, credit card, or cryptocurrency exchange. Users can also hold and store their cryptocurrency in their Revolut account.
Nuri is a cryptocurrency bank with a focus on simplicity and usability. Nuri was founded in 2015 and is a regulated and licensed German bank available for residents of the European Economic Area (incl. Switzerland and the UK). The account also has a mobile payment app where users can store their cryptocurrencies.
Nuri offers comprehensive services, including bitcoin interest accounts, Visa debit cards, and real German bank accounts with personal IBANs and zero maintenance fees. Users can link their Nuri account to their bank account to make instant transfers.
While cryptocurrencies are not fully regulated yet, the crypto market is heading in that direction and is getting into the mainstream portfolio of many more people daily.
To ensure that your coins are safe, store them in a crypto bank like plasbit or revolut. The best cryptocurrency banks are fully regulated financial institutions that accept deposits in various forms.
They’re subject to the same regulations as regular banks, meaning they have to meet strict financial standards to stay in business. Now that you know more about the best cryptocurrency banks in Europe, you can decide if it suits your needs. There are a lot of benefits to having an account in a crypto bank, like lower fees, anonymity , and, most important, the option to control your coins and private keys, which means to be your bank.o