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How To Convert Crypto To Fiat With Crypto Banks?

Convert Crypto To Fiat

So, you hold some crypto coins and tokens and now want to cash them out. It is a great idea, especially if the coin is at its peak price. It is better to convert them into fiat money before it starts devaluating. But how to convert crypto to fiat? This guide will answer your every question. Here, we’ve explained the process in detail and mentioned the six best crypto banks you can use. Moreover, we’ve listed the top essential tools for assistance and why you should use the crypto banks. So, let’s get into the details!

Featured image of the article calls How to Convert Crypto to Fiat With Crypto Banks | Dollar bills and golden coing with the BTC symbol on Aa black background

Although cryptocurrency is about the non-involvement of middlemen or third parties, crypto banks are vital for smoother transactions or hassle-free operations. You may know how to convert crypto to fiat, but it will require technical knowledge. If you are a beginner, then using professional (crypto banks) help is necessary to avoid fund loss.

Complete Regulations

These entities easily convert your crypto to fiat or vice versa. Typically, reputable or government financial authorities regulate them, meaning they operate within the confines of the legal framework. So, customers are certain that legal rules and policies protect their transactions, creating an atmosphere of confidence.

Partnership With Crypto Institutions

Several crypto banks have partnered with traditional financial institutions, payment processors, and other economic enterprises. Because of this connectivity, users will have an easier time managing their financial affairs because they can make smooth transfers between their crypto and fiat currency accounts.

KYC & AML Compliance

Since these banks comply with Anti Money Laundering (AML) and Know Your Customer (KYC) standards, you can take a deep breath about privacy concerns. This prohibits users from engaging in illegal activities and guarantees that their identities are checked before transactions occur.

How to Convert Crypto to Fiat?

Converting your crypto to fiat is pretty straightforward. All you need to do is select the right platform or crypto bank that supports this conversion, and you are free to convert them. First, select a crypto bank where you can convert your digital assets to local funds. If you don’t have an account on the platform, you must create one. Next, deposit the cryptocurrency you want to change since some platforms will require KYC verification for funds deposit. However, you will find several non-KYC banks online. After you deposit the cryptocurrency, go to their conversion page. Select the crypto coin and the fiat in which you want to convert. It will also cost you a minimal fee. Approve the process, and the platform will convert your funds quickly. You can withdraw them to your bank for personal use.

6 Best Crypto Banks

Since you know how to convert crypto to fiat and why you should use crypto banks for this purpose, you may want to select the best bank. So, here are the top 6 banks that support crypto to fiat conversion at minimal fees.

PlasBit is a dynamic and versatile crypto bank that the Polish government regulates. The bank started operations in 2020 and soon established its name among the leading crypto solution providers. It started with a small team, which is now a fully-grown company of more than 80 members (and still counting). And since it is the only bank on this list specifically established to provide crypto solutions, you will have more compelling and particular features on the platform.

Image of PlasBit crypto bank homepage


  1. Several Crypto Cards – PlasBit offers three Crypto card tiers that you can use to spend cryptocurrencies worldwide. These are Virtual, Plastic, and Metal, each with its own perks and features. You can also use these cards on the ATMs worldwide. However, they currently support only five crypto coins: BTC, ETH, USDT, USDC, and TRX.
  2. Quick Wire Transfer – It allows you to send wire transfers from your PlasBit Wallet to your local bank anywhere in the world. Moreover, you can purchase online or spend digital currency in several shops or merchants with your crypto assets. The coins will automatically convert to your local fiat currency upon transaction. So you don’t need to convert the coins manually.
  3. Protective Digital Wallet – Extending to PlasBit Wallet, this digital wallet secures your transactions in high-standard encryption. The company stores all your assets in cold storage, free from online penetration or malicious attacks. Additionally, the wallet actively integrates with your crypto cards so that you can use them anywhere, anytime.
  4. Amazing Widgets – Crypto solutions are not everything PlasBit offers. They also have fantastic widgets, consisting of calculators and price indicators to help you in crypto investment and trading. You can calculate current price, profit, tax, mining yield, history, etc. These widgets allow you to make more informed decisions while making crypto choices.


  • Excellent for Everyone’s Crypto Needs
  • Automatic Crypto to Fiat Conversions
  • Secure Data Encryption
  • 24/7 Customer Support Service


  • Doesn’t offer a mobile application

It was started in 2019 as a financial technology company with offices in Singapore, San Francisco, and Bengaluru (India). Juno helps users receive, hold, and spend fiat and cryptocurrencies without hassle or cost. Surprisingly, the platform is not a proper bank. Instead, it operates more like a fintech company. It is a tech tool that works with Evolve Bank & Trust to offer banking features.  In 2023, Juno moved from Wyre to Zero Hash as its crypto partner because Wyre was having what Juno called “operational uncertainty.” Because of this “uncertainty,” Juno briefly stopped letting customers buy cryptocurrencies and automatically changed stablecoins into USD. They also told customers to withdraw their holdings or move them to wallets they control themselves. But on February 7, 2023, the platform returned to normal activities.

Image of Juno homepage


  1. High-Yield Checking Account – It has a high-yield checking account, and the FDIC protects cash accounts. Only one person can use this account, but the company hopes to offer joint statements in the future.
  2. Bonuses – Juno currently gives 5% on balances up to $25,000 and 4% on amounts up to $250,000. There’s no bonus for money over $250,000. The bonus rate is added monthly, and the compensation is paid monthly.
  3. Two Checking Accounts – Basic and Metal are Juno’s two checking accounts. You will need a direct payment of $250 or more to be eligible for the Metal account. Both types of accounts come with a debit card that you can use to buy things. It also allows you to get cash from ATMs with no fees at the more than 85,000 Allpoint and MoneyPass sites.
  4. Cashback Benefits Program – You can get cashback if you use your Juno debit card to buy something from a partner like Amazon, Walmart, Trader Joe’s, Aldi, Airbnb, or Home Depot. You can choose ten stores and get 5% back at each. With a Basic checking account, the most cash back you can get in a year is $25. The most cash back that Metal Checking members can get in a year is $300.


  • FDIC Insures Holdings in U.S. Dollars
  • Free Transfers Between USD & USDC
  • Cashback of 6 Merchants


  • Supports limited cryptocurrencies
  • Doesn’t have a physical store

On the Revolut platform, cryptocurrencies are treated like any other asset. The company was established in 2015 to offer digital banking solutions and other financial services, including online banking, currency exchange, and international money transfers. Since 2017, the website has allowed customers to buy, sell, and keep cryptocurrency in their accounts.

Image of revolut homepage


  1. Setup Alerts – Mobile app users can set up alerts dependent on price fluctuations in the cryptocurrency markets. This function is one of the app’s amazing features. For instance, it immediately notifies a user when the price of a particular cryptocurrency reaches a predetermined threshold. When the price of a cryptocurrency hits a certain limit, the user can even choose to have it automatically purchased on their behalf.
  2. Easy Account Opening – Users can open a Revolut account in a matter of minutes with not much more than $20 to their name as a required first deposit. Revolut’s user interface is designed to be intuitive and user-friendly. The software is compatible with a wide range of fiat currencies and several different cryptocurrencies, which is one of its primary selling points. The program also facilitates transferring value across various currencies; no hidden fees are associated with this feature.
  3. Various Cryptocurrencies: Users of Revolut can, with the touch of a button, buy or sell positions in various cryptocurrencies using the funds already saved in their Revolut accounts. In addition, the funds in your Revolut account that you get from selling Bitcoin can be promptly transferred to another location or utilized on the Revolut debit card.


  • No Fees on International ATM Cash Withdrawals
  • No Minimum Deposit
  • Award-Winning Anti-Fraud System
  • Disposable Virtual Cards


  • The best features come with a heavy price
  • $300 per month cash withdrawal limit

Ally started in 2009 and has changed how people manage their money. 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 lets you connect your Ally Bank account to your Bitcoin holdings, allowing you to view your traditional and digital budgets in one location. Managing your financial assets should become less complicated due to this integration, which is the project’s purpose.

Image of Ally Bank homepage


  1. Open Investment – Although Ally Bank does not presently permit direct trading with cryptocurrencies, it does not prevent its customers from investing in the industry. Through Ally Bank, you have the opportunity to invest in funds that hold cryptocurrency, such as the Orsprey Bitcoin Trust (OBTV) and the Grayscale Bitcoin Trust (GBTC), as well as funds that own cryptocurrency futures, such as the ProShares Bitcoin Strategy ETF (BITO).
  2. Debit/Credit Card Integration to Coinbase – Perhaps the most fascinating feature for cryptocurrency investors is the ability to link a debit card or credit card issued by Ally Bank to a Coinbase account to purchase tokens and coins using those cards. The integration is simple, and there are no additional processes that are not obvious, which is another advantage.
  3. Easy to Reach – As an online bank accessible anytime, you can access your assets from anywhere. You can also contact the quick customer support team through various means.
  4. Excellent Online Platform – Trading stocks, ETFs, options, bonds, and mutual funds fee-free is possible through Ally Bank’s outstanding online platform, allowing trading of these other asset classes.


  • Doesn’t Have a Monthly Fee
  • Doesn’t Have Minimum Balance Requirement
  • 43,000+ ATM Points Across the US


  • Doesn’t allow direct crypto trading
  • Doesn’t allow cash deposits

Since its founding in 1828, BankProv has had a long history of serving its customers by delivering various financial services with a customer-centric focus. It is an excellent financial institution that provides adaptable banking solutions. It concentrates on technology for expanding enterprises, particularly in the bitcoin industry. Despite being one of the oldest banks, it introduced cryptocurrency exchange in 2020, reflecting its progression into the modern world. Its old name was The Provident Bank, shortened to BankProv in (the same) 2020. In addition to its crypto adapting, it also concentrates on other fields, such as the financial technology industry and the renewable energy sector.

Image of Bankprov homepage


  1. Checking Accounts for Businesses – BankProv is pleased to provide businesses with checking accounts. Consequently, you will have a much simpler and less stressful time managing your money. Because cryptocurrencies operate in a complicated legal framework, BankProv is dedicated to complying with all applicable laws and policies. Customers will feel more comfortable utilizing cryptocurrencies because of this, which safeguards the operations of the financial firm.
  2. Insured Deposits – Deposits at BankProv are protected by insurance, thanks to the institution’s FDIC and DIF membership. As a direct consequence of this, these two firms protect your deposits. This instills confidence that your cash is safeguarded against loss or theft.
  3. Crypto Banking Solutions – The crypto banking solutions provided by BankProv are, without a doubt, the aspect that draws the greatest attention to this company. BankProv provides full-service USD banking products for native cryptocurrency users and enterprises in connected industries.
  4. Diverse Educational Content – The bank knows that it may be difficult for individuals to comprehend cryptocurrencies, particularly if unfamiliar with the underlying technology. Because of this information gap, the financial institution has developed educational programs to assist consumers in learning the fundamentals of cryptocurrencies and the advantages and disadvantages associated with their use.


  • FDIC & DIF Insured Deposits
  • No Minimum Deposit Requirements
  • Customized Market Expertise


  • High fee for wire transfers
  • Physical branches are only available in New Hampshire & Massachusetts

The United Services Automobile Association (USAA) was founded in 1922 by a group of Army officers who struggled to obtain automobile insurance. Since then, it has developed into a reliable provider of various services, including banking, investments, insurance, and more. The company displayed a growing interest in digital currencies before their widespread adoption. In 2015, they partnered with Coinbase to handle the challenges posed by the management of cryptocurrencies and to meet the associated needs. The connection between your Coinbase accounts and the account summary can be made through USAA. When you connect your wallet, you can check your balances and keep track of your transactions. Your USAA FSB account will not be linked directly to Coinbase, so if you want to buy or trade cryptocurrency, you will still have to use the Coinbase website. The USAA Financial Services Branch does not currently accept cryptocurrency as a means of payment or store any cryptocurrency. By linking your Coinbase and USAA accounts, you will have the convenience of viewing all of your cryptocurrency holdings on the summary page of your USAA account.

imge of USAA homepage


  1. Partnering With a US-based Crypto Exchange – A partnership with a US-based cryptocurrency exchange that complies with FinCEN laws is the most time- and cost-effective way for USAA members to participate in bitcoin investment. This simplifies the transaction procedure, enabling you to wire transfer funds via ACH and credit and debit cards. It ultimately makes buying and selling digital assets more convenient.
  2. No Straight Trade – You must know that USAA Bank does not support the traditional buying and selling of cryptocurrencies as a straight trade. A user can view currently possessed cryptocurrency on the site. Still, users should visit Coinbase or another cryptocurrency exchange to buy and sell cryptocurrency.
  3. Integrating Debit/Credit Card with Coinbase: Coinbase makes it easy to connect your USAA debit and credit cards, and it also makes it easy to send and receive fiat currency. This means converting your winnings from bitcoin trading into fiat currency is simple and, if necessary, withdrawing cash from any of the 60,000 ATMs around the country. In addition, USAA does not charge its customers any monthly fees for their membership.
  4. Manage Multiple Accounts: Managing numerous accounts with a USAA account enables you to manage accounts held at other financial institutions. This also includes Coinbase, where you can check your balance and watch its bitcoin activities. This makes it simple to keep track of your cryptocurrency portfolio.


  • High Customer Satisfaction Rate
  • No Monthly Checking Fees
  • Low ATM Fees & Flexible Rules


  • Only has five physical branches
  • Only available for military members & veterans

Tools That Can Help You in Conversion

While crypto banks will allow you to conveniently convert crypto to fiat, using some calculators and tools will make your decision even more effective. Here are a few tools to make informed decisions and make profits or convert your digital funds at the right time.

A crypto calculator is a must for everyone who is dealing with cryptocurrencies. These calculators provide an updated crypto coin value and help you calculate a certain coin’s prices in any fiat currency. Crypto Calculators let users change different cryptocurrencies into regular currencies like the US Dollar or Euro. This feature is helpful for users who want to keep track of the real-time value of their crypto investment in multiple fiat currencies. These calculators are connected to online marketplaces and update their prices every few seconds. You get the exact value at that moment based on multiple factors. You can also select several other crypto coins to analyze which one is more profitable than the other and invest in that particular digital asset.

A Crypto Profit Calculator is a specialized tool meant to aid users in exploring the potential gains or losses from their cryptocurrency investments or trades. Users can estimate how much profit they will earn on a specific investment in a certain cryptocurrency. Here’s how you can calculate it. Enter the date and amount that you purchased your cryptocurrency and the amount you invested. Then, from the subsequent drop-down box, choose the type of cryptocurrency you wish to use. For example, if you have Bitcoin, you should select BTC, but if you have Ethereum, you should choose ETH. After that, press the Calculate button, which will tell you the current value of your investment and the return that you may expect from it. Some profit calculators also allow you to enter investment and exit fees for a better profit estimation, so your digital wallet will earn more.

A real-time display of cryptocurrency costs is called a Price Ticker, sometimes called a cryptocurrency fee ticker. This tool provides users with up-to-the-minute information regarding the cost of various cryptocurrencies. Price tickers are frequently found on the websites of cryptocurrency exchanges, financial information systems, and mobile applications. They collect real-time prices from several cryptocurrency exchanges that continuously update them every second or two. These figures contain actual prices with an up or down arrow, indicating whether the price has risen or dropped from the value seconds later. It also indicates whether that crypto coin is purchased or sold out at that moment. The ticker shows these records in a person-friendly way, often as a scrolling or updating listing of cryptocurrency symbols (for example, BTC for Bitcoin) along with their present-day fees in fiat currencies such as USD or EUR.

A crypto history calculator is often overlooked, but expert and professional crypto traders understand its significance. It allows you to calculate a cryptocurrency’s price on a certain date at a specific time. You can consider it like a crypto calculator with a time machine. It gives you the value of (say) 1.793 BTC on the 8th of January 2023 at 2:38 PM. Some history calculators also come with current price indicators, helping you to understand how much the price has increased or dropped since then.


Converting your crypto coins to fiat currencies is easy with several providers. All you need to do is select the right platforms with minimal conversion fees, and you are set to go. Using crypto banks for this purpose is an excellent option since they deal professionally with the processes. We’ve listed you six best crypto banks, along with how to convert crypto to fiat. Moreover, you also know some tools to help during conversion. So, pick a bank that suits your style, and convert your cryptocurrency to fiat money today.