As the popularity and usage of virtual currencies continue to rise, so do many digital banking options available to cryptocurrency users.
There are now over a dozen cryptocurrency banks catering to different types of cryptocurrency users in the UK alone.
In This article, we will explore some of the best cryptocurrency banks in the UK, highlight their pros and cons, and explore what you should look for when choosing a new bank as a cryptocurrency user.
Plasbit is one of the easiest ways to store, spend, and turn cryptocurrency into fiat.
With Plasbit, you can deposit and withdraw funds in fiat money, including US dollars, euros, British pounds, and several other currencies.
Plasbit is our top overall choice for the best cryptocurrency bank as it provides the full package for your crypto user – wallet, bank transfers, and a crypto debit card.
You can use it anywhere Visa is accepted, supports up to five different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and requires cardholders to have a Plasbit account.
Wirex is based in the UK and is one of the best cryptocurrency banks that allows users to buy and sell crypto.
Wirex offers users several benefits, including a 2.0% cashback in the form of WXT.
They also offer up to 16% interest on deposits held in our savings accounts for fiat currency , and we offer up to 10% interest for cryptocurrency.
Accounts opened in Wirex come with a link debit card currently open to several dozen countries worldwide.
The card and account look like your standard UK bank card with an account number and sort code registered by the UK Financial Conduct Authority.
A Wirex account also allows you to buy, store and manage several different cryptocurrencies, including BTC, LTC, XRP, and ETH.
They can also convert your crypto into fiat currencies, including USD, EUR, and GBP.
This is the largest bank in the United Kingdom. Barclays is also a global investment giant that facilitates transactions all over the world.
Although they weren’t always a supporter of Bitcoin or other cryptocurrencies, they have shifted their strategy in recent years.
Barclays is highly active with blockchain technology and allows its clients to conduct transactions using crypto in a safe, secure environment.
Credit and debit cards issued by Barclays can be used to purchase cryptocurrency. There are a few conditions to these transactions, but they are generally very simple to complete.
In order to find the best cryptocurrency bank for your needs, you will first need to understand what your needs are and what types of services you want and need from a cryptocurrency bank, like exchanging crypto into fiat, Bank wires, and crypto debit cards. With so many banks available in the UK alone, We recommend Plasbit as the best cryptocurrency bank for you out there.