In the world of cryptocurrency, the importance of trust cannot be understated. With an entire market based on trust and proof of ownership, it’s essential that you trust your third parties. However, as with any new market there are a number of factors to consider when choosing who you will put your faith in. It’s also important to have somewhere trustworthy to store your digital currency when not using it for investing or trading. This is why many people choose to open a cryptocurrency bank account. Not all banks have tailored their services towards crypto users yet, so it may take some searching to find one that suits you – but don’t worry, we’ve got you covered! In this article, we’ll discuss five of best cryptocurrency banks in the industry like plasbit, coinbase and more.
Plasbit is one of the best cryptocurrency banks. They are based in the United kingdom, and provide a wide range of bank account services including an exchange. The only downside is that they don’t accept U.S.-based users. Plasbit offers diverse services for your crypto portfolio, including bank transfers, physical debit cards and easy crypto-to-fiat conversion. They also have an in-house team of experts to help you with any issues you may have. . All in all, Plasbit is a great choice for crypto users.
Another popular choice among crypto users is Coinbase. This crypto bank account has been operating since 2012, and has a proven track record. They have a strong reputation and are seen as one of the most reputable exchanges out there. This is why they’ve now entered the banking market, offering users a range of crypto-friendly services. Coinbase offers a wide range of services and accounts, making it a great all-round bank for crypto investors.
A great option for U.S.-based crypto users is Bankprov. This is an online-only bank that offers a wide range of accounts and easy to use services. BankProv recently entered into the crypto space and offers fully-insured USD backing solutions for crypto businesses, custom API banking solutions, secure cash vault services for BTM operators, and crypto-backed loans. All accounts come with full insurance coverage and a wide range of other features.
Wirex is an exchange and digital payment platform that desires to provide the same services as a conventional financial institution (debit cards, currency exchanges, etc). It offers borderless exchanges with good rates, as well as the opportunity to buy/store/exchange cryptocurrencies, and the ability to earn its native token when using its crypto debit card. Wirex is designed to buy, store and exchange assets, whilst also offering a use-case in day-to-day life through its crypto debit card. It is limited, simple, well regulated and relatively cheap with fees.
Juno is an online banking platform that offers integrated checking and crypto management. As a standalone, low-fee/high-yield checking account, Juno offers many best-in-class features. On the crypto side, Juno allows you to convert dollars to USDC and several other crypto assets, including BTC and ETH. Layer 2 transfers offer crypto enthusiasts another way to save. Overall, the platform has a lot to offer those looking for a more seamless and cost-effective transfer between fiat and crypto.
While cryptocurrencies are a revolutionary new way to store and spend money, it’s important to remember that for now, cryptocurrencies are not considered money. It’s a good idea to open a crypto bank account to access the advantages of using your digital currency. It may be a good idea to use it when you’re holding a large amount of digital currency. There are many cryptocurrencies out there, and it can be challenging to keep track of everything. The best cryptocurrency banks like Plasbit or Coinbase allows you to make higher deposits and withdraw money with ease.