9 BEST Crypto Friendly Banks in USA (2025)
Eliza Thornton
Crypto-friendly banks are forward-looking financial entities that accept cryptocurrency as medium of monetary trade. These banks allow customers to access lower transaction fees for moving back and forth between cryptos and traditional currencies. This kind of crypto-friendly bank integrates cryptocurrencies and traditional bank operations simultaneously. However, you must select these banks carefully, unless you want to face security issues, limited features or coin incompatibity.
Therefore, I researched 28 crypto-friendly banks and picked the top 10, dedicating 87+ hours to ensure this guide is credible and well-researched. Discover the features, pros and cons of each bank; this may help you find the right fit. Do not miss out, read the full article now. Read more…
Uphold hosts a wide variety of tokens and tradable coins. Uphold is amongst the best crypto exchanges for security. This crypto bank has layered defenses and encryption for wallet security.
Best Crypto-Friendly Banks: Top Pick List
| Name | Business Focus | Key Services | Link |
|---|---|---|---|
| 👍 Uphold | Provides the best infrastructure services | Built-in wallet and exchange | Learn More |
| Binance | Provides the best infrastructure services for blockchain technology. | Binance offers guaranteed returns on your portfolio. | Learn More |
| Revolut | Built-in crypto exchange | Crypto exchanges, remittances, P2P transfers, Early Salary, money management with Revolut Vaults and Analytics etc. | Learn More |
| Wirexapp | Send, receive, exchange, and spend a range of digital and conventional currencies. | Built-in crypto exchange. | Learn More |
| Robinhood | Built-in wallet and exchange | Provides banking services of financial and business institutes. | Learn More |
1) Uphold
Uphold is a versatile financial platform that offers a range of services, including trading digital assets, holding fiat, and earning rewards. It provides users with access to a multi-currency wallet and supports various digital assets, from cryptocurrencies to precious metals.
I explored Uphold and saw that it offers a seamless trading experience with no hidden fees and full control over asset management. It provides a wide selection of cryptocurrencies, metals, and fiat currencies, making it an excellent tool for people seeking diverse investment options.
Features:
- Supported Assets: Uphold allows you to trade a variety of digital assets, including cryptocurrencies, fiat currencies, and metals. This wide selection provides users with the flexibility to diversify their portfolios.
- Staking Rewards: It offers up to 14.5% APY on staking, allowing users to earn passive income on their crypto holdings. This feature is particularly beneficial for long-term crypto investors.
- Secure Trading: Uphold ensures secure transactions and data protection, offering a safe environment for all of your trades and investments.
- Token Support: Uphold offered me a broad range of tokens with the earliest token support available. I could access 26 underlying exchanges to find the best token prices.
- Customer Support: It offers assistance through email and a contact form for user inquiries and issues.
- Payment Methods: It supports various payment methods, including Credit/Debit Card, Apple Pay and Google Pay for your convenience.
Pros
Cons
2) Binance
Binance as a crypto exchange that offers services similar to traditional banks. These include loans, credit cards, and fixed deposits. I also received a Visa Card for easy purchases with cryptocurrencies from 60 million merchants globally.
Binance shines as a premier destination for individuals seeking to establish a digital wallet, facilitating the exchange of over 150 types of cryptocurrencies. As per my observation, it stands out, providing a diverse array of trading platforms designed to accommodate traders of varying expertise levels.
Features:
- StableCoins Returns: It offers guaranteed returns on your StableCoins portfolio making sure you get steady growth. I was impressed with this feature since StableCoins is a tough field to score.
- Savings Flexibility: I could choose between fixed and flexible duration savings while using this crypto-friendly exchange. This facility allowed me to tailor my investment strategies accordingly.
- Transaction Fees: It offers lower transaction fees and flexible interest with less slippage and handling fees. The affordability in transactions benefitted me greatly.
- Trading Platforms: Binance offers multiple trading platforms for different levels of trading experience, providing options for all traders. It lets me access the services from anywhere in the world.
- Collateral Loans: Binance facilitates borrowers to transfer their collateral crypto assets to Binance and secure a loan easily.
- Documentation: To access Binance, you must produce valid ID document. Make sure you can produce any of the following ID documents like driving license, passport, etc.
Pros
Cons
3) Revolut
Revolut is a financial super app that provides all sorts of banking services while offering customers with the facility of a prepaid debit card. It’s services are available in the United States, European Economic Area (EEA), Australia, Singapore, Switzerland, Japan, and the United Kingdom.
During my research, I found that Revolut changed financial services by offering a crypto exchange, easy remittances, peer-to-peer transfers, early salary access, and money management with Vaults and Analytics. It also offers travel perks and a platform for minors called Revolut less than 18. I particularly liked its top-rated travel perks.
Features:
- Commission-Free Trading: It allowed me to trade Crypto commission-free up to $200,000 per month, saving significant transaction costs.
- Diverse Crypto Investments: I could invest in 30+ cryptocurrencies with any available fiat currency, providing a wide range of options.
- Spare Change Conversion: Revolut lets you round up spare change from your card spending and instantly convert it to crypto, a convenient savings method.
- Real-Time Notifications: I could get notifications, price alerts, set up auto exchanges, and more to stay updated on my investments.
- Documentation Requirements: It requires SSN for the US customers, ensuring compliance with legal regulations.
Pros
Cons
Link: https://www.revolut.com/
Disclaimer: “Please note that Revolut is frequently updating its products and features, see the Revolut Terms and Conditions for the latest offerings.”
“Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, (Member FDIC).
“All crypto fees and features are for customers based in the USA only”
“Services provided by Apex Crypto LLC, (NMLS ID 1828849). Not FDIC or SIPC insured. May Lose Value.”
Metropolitan Commercial Bank does not hold, trade or sell cryptocurrency and does not provide FDIC Insurance for cryptocurrency funds. Non-fiat funds (i.e. cryptocurrency) are converted to US Dollars before being spent on the Mastercard.
Subject to timing and eligibility of payer’s submission. Read more…
4) Wirexapp
I tested Wirex, a crypto-friendly banking service for buying and selling cryptocurrencies in the UK. It offers a Mastercard that lets you spend 21 types of traditional and crypto currencies in real-time. I particularly liked the remarkable flexibility it provides for managing different currencies to global audience.
Features:
- Wirex Token (WXT): Wirex Token gave me the option to access DeFi ecosystems and unlock exclusive crypto rewards. I could convincingly use the app for buying, storing, and exchange purpose.
- Business Focus: Wirexapp allowed me to effortlessly send, receive, exchange, and spend various digital and traditional currencies, integrating the flexibility of cryptocurrencies with the stability of conventional money.
- Key Services: The platform boasts an integrated cryptocurrency exchange, allowing users to seamlessly swap between digital currencies and fiat money within seconds. I could manage my digital assets with greater convenience and efficiency.
- Required Document: To ensure security and compliance with regulatory standards, Wirexapp mandates the submission of a valid government-issued ID along with a photo, streamlining the verification process for new users.
Pros
Cons
Link: https://wirexapp.com/
5) Robinhood
Robinhood is a crypto trading bank that enables its users to store a wide range of cryptocurrencies. It supports cryptocurrencies like BTC, ETH, and XRP. After reviewing Robinhood, I noticed that it offers a seamless financial platform with an integrated wallet and exchange.
It caters to both individual and business needs with a wide range of banking services. In my experience, Robinhood is a top-notch option for those seeking a comprehensive financial solution.
Features:
- Low Fees: Robinhood is one of the cheapest crypto exchanges with the lowest fees among all crypto exchange platforms.
- No Minimum Investment: There is no minimum investment, allowing you to start trading with any amount you have. It helped me access the market easily.
- Easy Transition: Users who traded stocks on Robinhood can easily switch to crypto, simplifying the investment process. It lets me reinvest my dividends automatically, ensuring my earnings grow consistently.
- Fractional Shares: As an user, I was impressed with the flexibility it offered in the purchase of fractional shares. It offered me a reliable way to invest in expensive cryptocurrencies.
- Free ATM Withdrawals: Robinhood’s ATM withdrawals are free, which is great for accessing funds without additional costs.
- Geographical Availability: Itis available only in US countries, so make sure you are within the region to use the services.
- Documentation Requirements: You need to produce valid National ID proof or US passport, which are essential for verification.
Pros
Cons
Link: https://robinhood.com/
6) Juno
Juno is an all-in-one crypto-friendly checking account that is wholly designed to help people grow your savings and reach your financial goals faster. It currently provides services like selling, buying, and storing cryptocurrencies like BTC, ETH, polygon, USDC directly into the checking accounts. It is a Neo-banking platform built using APIs.
I evaluated Juno, which provides a range of USD banking solutions for the cryptocurrency market. These include dedicated bank accounts, debit cards, and crypto trading services. I recommend Juno for its remarkable ability to cater to diverse financial needs.
Features:
- No Minimum Balance: I could access Juno effortlessly without any minimum balance requirement. It allowed me to start using the account with any amount. I could buy, sell, and store crypto directly starting from $1.
- Metal Debit Card: I could use their metal debit cards to pay with either cash or crypto at any Mastercard location around the world with up to 10% cashback. It also offered me a virtual card instantly.
- FDIC Insurance: The USD cash balances are fully protected by FDIC insurance up to $250,000 via our partner bank Evolve Bank & Trust.
- International Transfers: It has low-cost international transfers that are lightning fast, ensuring quick and affordable transactions. I benefitted from using this service.
- Yearly Bonus: Juno offered me a yearly bonus of 1.20% on deposit balance up to $5,000 (basic users) to $50,000 (metal users).
- Customer Support: I was impressed with the responsive customer care support, ensuring assistance whenever needed for a smooth experience.
- Paycheck in Crypto: Users can get their paycheck in crypto once they set up a direct deposit, providing a seamless way to receive payments.
- Documentation Requirements: You need to provide either driver’s license, passport, or legal identification for account verification.
Pros
Cons
Link: https://juno.finance/
7) Ally
During my research, I found that Ally Bank is a crypto-friendly bank for cryptocurrency enthusiasts in the United States. This banking service operates 24/7. Ally Bank allows people to buy and sell cryptocurrencies through Coinbase.
You can also use your credit to buy Bitcoin and other cryptocurrencies from exchanges. In my opinion, this makes it one of the best choices for crypto banking.
Features:
- Country: Ally operates primarily within the United States, providing its customers with a robust financial platform tailored to meet the needs of Americans.
- Business Focus: Fully integrated with Coinbase, Ally provided me with a streamlined experience to manage my cryptocurrency investments alongside traditional banking services.
- Key Services: As a full-service bank, Ally offers a comprehensive suite of financial products adding high-yield savings accounts, personal and auto loans. It also offers convenient retirement planning solutions, tailored to a wide range of users.
Pros
Cons
Link: https://www.ally.com/
8) NBC
The National Bank of Canada is a Canadian bank that allows Bitcoin exchange facilities. It offers many banking facilities at no extra monthly fees. Founded in 1859, National Bank of Canada is one of Canada’s leading financial institutions that offers personal, commercial, and investment banking solutions.
Features:
- Personal Banking Services: It offered me wide range of banking services like checking and savings accounts, credit cards, loans, and mortgages tailored to my needs. I could access these services to address wide range of my financial needs effortlessly.
- Investment Services: NBC includes investment accounts, mutual funds, retirement savings plans, and financial advisory services to help clients manage and grow their wealth.
- Business Banking Solutions: I was impressed with NBC’s customized banking services for businesses. The services include business accounts, commercial loans, cash management, and merchant services.
- Wealth Management: It offered me comprehensive wealth management services, including estate planning, portfolio management, and personalized financial advice.
Pros
Cons
Link: https://www.nbc.ca/
9) Barclays
I reviewed Barclays, an investment banking giant that is present in many countries. This UK-based crypto-friendly bank uses cryptocurrencies and blockchain technology to facilitate customer transactions. In my experience, Barclays is great for its supportive approach to cryptocurrencies, making it ideal for crypto enthusiasts.
Features:
- Business Focus: Primarily focused on direct retail banking, Barclays offered me personalized financial services, which significantly enhanced my banking experience.
- Key Services: Barclays offered me a broad spectrum of retail banking services alongside specialized B2B banking solutions tailored for my business needs. ensuring a robust financial support system for both individuals and companies.
- Financial Solutions: Barclays stands as a quintessential pillar of the British financial landscape, offering comprehensive banking solutions and financial support system for both individuals and companies.
- Requirement Documents: To open an account with Barclays, a valid passport and proof of address are mandatory, ensuring a secure and streamlined onboarding process for new clients.
Pros
Cons
Link: https://home.barclays/
How to open the best bank account for Cryptocurrency?
The process of opening a bank account for cryptocurrency is similar to opening a general bank account. You need to open an account in any of the above-listed crypto-friendly banks by providing your documents and valid ID proofs. Once the account is opened, you can directly use or connect your crypto account with the bank’s online portal to manage your digital assets. If you are interested in exploring alternative methods for managing and utilizing your digital assets, you may consider using a virtual debit/credit card.
Why are banks afraid of Bitcoin and Cryptocurrencies?
Here are the prime reasons why I think banks are afraid of Bitcoin and Cryptocurrencies:
Volatility:
The volatility of cryptocurrency means that banks are very reluctant to deal with it. Banks exist to make money. So, they don’t wish to lose the value of all their investments or that of customers losing value because of a change in the cryptocurrency market.
Regulations:
There are already strict regulations that deal with electronic money handling, and these regulations will be even tougher in the coming years.
Moreover, there are many countries with no clear-cut regulations on how banks should deal with cryptocurrencies. The absence of regulation makes it difficult, even for banks, to do transactions with cryptocurrency.
What are the risks of not using a Crypto-Friendly Bank?
There are a few risks involved while dealing with a bank that is not cryptocurrency-friendly like:
When a bank detects transfers from cryptocurrency exchanges, like buying some crypto or transfer it to cryptocurrency exchanges. At that time, your bank may ask you to explain the source of your funds and the purpose of the cryptocurrency purchase precisely.
Suppose your answers are not satisfying to the bank. In that case, they may freeze or permanently close your account regardless of your response to meet the guidelines set by its compliance department.
If you create a new bank account, still your funds may also be frozen for some time, leaving you without access to your funds. Therefore, you must choose the services from crypto-friendly banks.
What makes a crypto-friendly bank different than a traditional bank?
The main difference between a crypto-friendly bank and a traditional bank is that a crypto-friendly bank provides integrated facilities for cryptocurrency or allows customers to integrate their crypto accounts with the online banking portal. On the other hand, traditional banks generally do not allow customers to perform any cryptocurrency transactions. However, more banks are taking an open approach to integrating cryptocurrency within their online banking portal.
Also Check: Buy Bitcoin Anonymously
What Canadian banks support cryptocurrency?
Some Canadian banks that support cryptocurrency are:
- Royal Bank of Canada
- TD Bank
- Bank of Nova Scotia (Scotiabank)
- Canadian Imperial Bank of Commerce
- National Bank of Canada
FAQS
Verdict
When deciding on the best crypto-friendly banks in the USA, it is crucial to consider several factors. My review highlights the most reliable and user-friendly options available. Check my verdict for a detailed analysis of the top choices.
- Uphold is a versatile financial platform that offers a range of services, including trading digital assets, holding fiat, and earning rewards.
- Binance: Binance provides a comprehensive suite of crypto services that are user-friendly and secure. It is the ultimate solution for crypto enthusiasts looking for an excellent banking experience.
- Revolut: This is an impressive option for those seeking a comprehensive and customizable banking experience. The platform offers remarkable integration with crypto transactions, making it a superior choice for managing your digital assets.
