10 BEST Crypto (Bitcoin) Friendly Banks in US, Canada, Europe

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.

Following is a handpicked list of Top Crypto-Friendly banks with their pros/cons and website links.

Best Crypto Banks

Name Country Business Focus Key Services Required Document Link
๐Ÿ‘ BankProv US Full-service USD banking solutions for crypto related businesses USD accounts for crypto companies, Full-insured USD deposits, Crypto backed lending, API banking, FDIC and DIF member Social security number, Driverโ€™s license or passport Learn More
๐Ÿ‘ Coinbase US Buy and sell any digital currency and keep track of them Preparing your gain/loss, Taxes for German customers, Coinbase offers a secure way to invest and trade with cryptocurrencies. Photo ID verification (Passport, Government ID) Learn More
Wirexapp UK & Europe Region Built-in crypto exchange Buy, exchange and transfer 20 traditional and digital currencies. A valid government ID and Photo. Learn More
Binance China Provides the best infrastructure services for blockchain technology. Binance offers guaranteed returns on your portfolio. Valid ID document. (Driving license, passport) Learn More
Revolut UK & Europe. Built-in crypto exchange Account opening account maintenance, loan, credit card, cry exchanges. Passport and ID card. Learn More

1) BankProv

BankProv is one of the best crypto-friendly banks that offers full-service USD banking products for crypto natives and related businesses. The 10th oldest bank in the US, 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.


  • 100% fully insured USD deposits
  • Crypto backed lending options
  • Offers a range of payment solutions
  • ProvXchange network enables 24/7 client-to-client transfers
  • Personalized account onboarding
  • Supported platforms: Web, iOS, and Android.

Key Statistics:

  • Country: United States
  • Business Focus: Full-service USD banking solutions for crypto related businesses
  • Key Services: USD accounts for crypto companies, Full-insured USD deposits, Crypto backed lending, API banking, FDIC and DIF member
  • Required Document: Social security number, Driverโ€™s license or passport

2) Coinbase

Coinbase is an online platform that can be utilized for purchasing, selling, transferring, as well as storing digital currency. It securely stores a wide range of digital assets in offline storage. This platform supports more than 100 countries.



  • You can buy and sell any digital currency and keep track of them in one place.
  • It provides app for both iOS and Android devices.
  • You can schedule your currency trading on daily, weekly, or monthly bases.
  • It stores your funds in a vault for safety purposes.
  • It is one of the largest cryptocurrency exchanges
  • Get $5 in free Bitcoin for signing up

Key Statistics:

  • Country: United States
  • Business Focus: Buy and sell any digital currency and keep track of them
  • Key Services: Preparing your gain/loss, Taxes for German customers, Coinbase offers a secure way to invest and trade with cryptocurrencies.
  • Required Document: Photo ID verification (Passport, Government ID)

3) Wirexapp

Wirex is a crypto-friendly banking service for buying/selling cryptocurrencies based in the UK. It offers Mastercard that allows you to spend 21 traditional and cryptocurrencies in real-time.


  • Allows you to buy, store and manage your crypto (BTC, LTC, XRP) and traditional money (GBP, USD, EUR).
  • Allows you to add funds using a credit card, debit card, or bank transfer.
  • Allows you to exchange between crypto and traditional currencies at live rates.
  • It helps you to send 21 traditional and digital currencies.
  • You can enjoy unrestricted access to the world of borderless payments.


  • Wirex is not accepted at certain locations.

Key Statistics:

  • Country: UK.
  • Business Focus: Send, receive, exchange, and spend a range of digital and conventional currencies.
  • Key Services: Built-in crypto exchange.
  • Required Document: The valid government ID and Photo.

4) Binance

Binance is a crypto exchange that provides all the major functionalities that a traditional bank could provide, like loans, credit cards, fixed deposits, etc. It offers a Binance Visa Card to easily make purchases from 60 Million merchants worldwide using cryptocurrencies.


  • It offers guaranteed returns on your StableCoins portfolio.
  • You can choose between fixed and flexible duration savings.
  • Binance facilitates borrowers to transfer their collateral crypto assets to Binance and secure a loan.
  • It offers lower transaction fees and flexible interest with less slippage and handling fees.
  • Binance offers multiple trading platforms for different levels of trading experience.

Key Statistics:

  • Country: China
  • Business Focus: Binance is one of the best platforms to create a digital wallet for trading more than 150 cryptocurrencies.
  • Key Services: Binance offers multiple trading platforms to cater to different levels of trading experience.
  • Required Document: Valid ID document. (Driving license, passport)
  • Use Referral ID C2NIWDDM and get 5% commission kickback

5) Revolut

Revolut started as a banking service institution in the UK. However, their services are available to people in the UK and Europe also.

This Crypto friendly bank allows individuals and businesses to deal with cryptocurrencies using their digital bank accounts. It supports crypto transactions for users in the EEA region.


  • Very simple to use
  • Offers built-in cryptocurrency exchange.
  • Supports both SWIFT and SEPA transfers.
  • It offers multi-currency support of up to 30 currencies.
  • It provides a personal and business debit card that helps you to spend funds on your account.
  • It helps you to stay on top of the daily market movements.


  • Customer accounts can be frozen temporarily because of security reasons.
  • Built-in crypto exchange charges are quite high.

Key Statistics:

  • Country: The UK and Europe
  • Business Focus: Built-in crypto exchange
  • Key Services: Account opening account maintenance, loan, credit card, cry exchanges.
  • Required documents: Passport and ID card.

6) Nuri

Nuri(Bitwala) offers simple cryptocurrency bank accounts to manage your everyday banking and trading cryptocurrencies. It helps you to store Bitcoins, traditional currencies, etc., all in a single account.


  • Nuri helps you to invest in cryptocurrencies directly from your bank account.
  • Allows you to open a free bank account for everyday savings and payments.
  • This Bitcoin-friendly bank helps you to deposit your coins and cash out whenever you like.


  • Currently, it only supports Bitcoin and Ether.
  • Only available for residents of the European Countries.

Key Statistics:

  • Country: Germany
  • Business Focus: Corporate banking
  • Services: Easy Investing in cryptocurrencies, regular banking services like accounts, fixed deposits.
  • Required Document: Valid ID card, Proof of Address.

Link: https://www.nuri.com/

7) Changeinvest

Changeinvest is a crypto trading bank that enables its users to store a wide range of cryptocurrencies. It supports cryptocurrencies like BTC, ETH, and XRP.


  • Good user interface
  • Seamless built-in cryptocurrency exchange.
  • Backed by reputable investors.
  • It offers an easy process for opening an account with a minimal investment.


  • It did not have any banking system license until 2020.
  • The exact terms of banking services are still unclear.

Key Statistics:

  • Country: Only in European countries.
  • Business Focus: Built-in wallet and exchange
  • Key Services: Provides banking services of financial and business institutes.
  • Required Document: Valid National ID proof or European passport.

Link: https://www.changeinvest.com/


USAA is a Texas-based financial service company that allows you to open bank accounts with no monthly service fee. It allows you to connect with Coinbase to track your Bitcoin wallet and monitor transactions. It allows you to pay bills, transfer money, and more in one place.


  • This crypto bank allows you to fully track your Bitcoin wallet on Coinbase.
  • It is a highly established and trustworthy bank for crypto trading.
  • It offers commission-free withdrawals from 60,000+ ATMs nationwide.


  • It is not very user-friendly.

Key Statistics:

  • Country: USA
  • Business Focus: Integrated with Coinbase
  • Key Services: Insurance, Banking, Real Estate.

Link: https://www.usaa.com/

9) Ally

Ally Bank is a crypto-friendly bank for cryptocurrency enthusiasts in the United States. This banking service operates 24/7. This bank allows people to purchase and sell cryptocurrencies via Coinbase. It allows you to credit to purchase Bitcoin and other cryptos from exchanges.


  • Easy integration with Coinbase.
  • It doesn’t have any monthly fees or minimum deposits.
  • It offers up to 2.75% annual interest on your invested money.


  • This crypto-friendly bank is only available to US citizens.

Key Statistics:

  • Country: USA
  • Business Focus: Fully integrated with Coinbase.
  • Key Services: Full-service bank offering savings products, loans, and retirement services.

Link: https://www.ally.com/

10) 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.


  • You can use this bank to buy/sell cryptocurrencies like Bitcoin.
  • It deals with cryptocurrency businesses along with traditional banking.


  • The National Bank of Canada provides banking solutions for only Canadian people.

Key Statistics:

  • Country: Canada
  • Key Services: Handling deposits, offering checking and savings accounts, and offering business, personal, and mortgage loans.

Link: https://www.nbc.ca/

11) Fidor

Fidor Bank is a crypto-friendly bank that mainly focuses on accounts that can accept crypto exchanges, purchases, and trades. It protects you and your business during crypto transactions. They offer a fully customizable suite of tools for crypto transactions.


  • It provides fast transfers and withdrawals from Kraken and Bitcoin.de
  • It offers instant fund transfers to other users.
  • It provides 2 free cash withdrawals per month.
  • Fidor charges a fixed 1.5% fee for debit card transactions.
  • It helps you facilitate transactions seamlessly with multiple exchanges.


  • It is available to EU citizens.
  • Complex identity verification process to set up an account.

Key Statistics:

  • Country: Germany
  • Business Focus: Direct Retail Banks
  • Key Services: Retail banking, B2B banking services
  • Requirement documents: Passport, Proof of address.

Link: https://www.fidor.com/work/fidor-bank-2

12) Bank Frick

Bank Frick is a modern wealth management institution that offers various types of banking solutions. This crypto-friendly bank allows its clients to open crypto trading accounts and custody accounts to trade and securely store various digital assets.


  • Offers crypto trading for Bitcoin, Bitcoin Cash, Litecoin, Ether, Steller, etc.
  • Bank Frick offers secure and reliable custody of assets.
  • It stores the digital assets in cold storage wallets to provide robust protection against theft or loss.


  • Customer service is not highly admirable.

Key Statistics :

  • Country: Liechtenstein
  • Business Focus: Direct Retail Banks
  • Key Services: Retail banking, B2B banking services
  • Requirement documents: Passport, Proof of address.

Link: https://www.bankfrick.li/

13) Barclays

Barclays is an investment banking giant that has its presence in several countries across the globe. This UK-based crypto friendly bank deals in cryptocurrencies and blockchain technology to aid transactions between customers. They are known for their supportive stance on cryptocurrencies.


  • Credit cards and debit cards issued by Barclays can be used to purchase cryptocurrency.
  • Allows their clients to conduct transactions using crypto in a safe and secure environment.


  • No free mobile app.
  • Excess transaction fee applies after the first 6 months.

Key Statistics:

  • Country: UK
  • Business Focus: Direct Retail Banks
  • Key Services: Retail banking, B2B banking services
  • Requirement documents: Passport, Proof of address.

Link: https://home.barclays/


โ“ Do banks accept Bitcoin?

Yes, Bitcoin-friendly banks allow people and companies to use cryptocurrency services like Bitcoin. Some banks and financial institutions also accept funds obtained from cryptocurrency transactions.

โšก Which are the Best Crypto-Friendly Banks?

Following are some of the best Crypto-friendly banks:

๐Ÿ… Why are banks afraid of Bitcoin and Cryptocurrencies?

Here are the prime reasons why banks afraid of Bitcoin and Cryptocurrencies:


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.


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.

๐Ÿš€ 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.

๐Ÿ‘‰ 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

๐Ÿ’ฅ 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

โ— Is TransferWise crypto-friendly?

TransferWise does not support transfers to Bitcoin or any other cryptocurrency using their services, directly or indirectly. But you can send money from your balance with bank details to a platform that deals with Bitcoin or another cryptocurrency.

โ“ What is Cryptocurrency?

Cryptocurrency is a medium of exchange, like traditional currencies such as USD. It is designed to exchange digital information through a process made possible by certain principles of cryptography. Cryptocurrency is a digital currency and is classified as a subset of alternative currencies and virtual currencies.

Cryptocurrency is a bearer instrument based on digital cryptography. In this kind of currency, the holder of the currency has sole ownership. No other records are kept as the identity of the owner.

๐ŸŒŸ What is Cryptocurrency exchange?

A Cryptocurrency exchange is called a Digital Currency Exchange (DCU). It is a business that enables you to trade digital currencies or cryptocurrencies. Many cryptocurrency exchanges offer to trade Bitcoins, Ethereum, XRP (Ripple), Coinbase, Altcoin, etc.

โšก What are some important types of Crypto Wallets?

Here are some important types of Crypto Wallets:

  • Hot wallets: These types of wallets use keys (a type of cryptography, like a password) created or stored on a device that should have access to the Internet. Hot wallets provide high utility, but they are considered less secure than cold wallets.
  • Cold wallets: These wallets use keys created on a device that does not have access to the Internet. They are also known as hardware wallets. Cold wallets are stored on physical devices.
  • Hosted wallets: These wallets are stored online by a trusted third-party service provider. These services provide an account to the user in which they provide entries for different coins in their internal database linked to the user’s account.
  • Decentralized wallets: In a decentralized wallet, you are the only person that holds the keys to your crypto wallet. A decentralized wallet never gives you a guarantee of complete privacy. However, it also means you don’t rely on a 3rd party to send, receive or store your cryptocurrency. This helps you to ease some security risks associated with hosted wallets.
  • Hardware Wallets: Hardware wallets are physical wallets (like a type of USB drive). The Ledger Trezor, Nano X, and KeepKey are popular names in hardware wallets. They are considered highly secured wallets.
  • Software Wallets: Software wallets are also called hot wallets. These types of wallets include mobile wallets, desktop wallets, and online wallets. They allow users to manage their digital assets online.

๐Ÿš€ Can you pledge/take a loan against coins stored in crypto wallets?

Yes, you can pledge or take a loan against coins stored in a Bitcoin wallet. It is known as a Bitcoin loan, which is similar to a traditional loan offered by banks. In the Bitcoin loan, most of the risk is not on the lender. Still, the borrower is putting up more than enough Bitcoin to cover the loan and interest payments.

๐Ÿ”’ What should you look for in a Crypto Wallet?

Here are some important factors that you should look for in a Crypto Wallet:

  • Usage: The biggest factor you should consider when selecting a crypto wallet is how you intend to use your crypto. So, if you plan to buy and hold your investment for the long term, a hardware wallet is surely the best choice for you.
  • 2-factor authentication: 2-factor authentication, also known as 2FA. This feature allows you to verify your identity when logging into the crypto wallet. If someone had your password or were able to crack your password through several methods, they would still require passing the second level of authentication. Most of the exchanges sent a verification code to your mobile, which must be entered into a sign-in field before granting access.
  • Multi-signature support: Multi-signature support helps you set the wallet’s security needed for multiple keys before access is granted. This also prevents any unauthorized person from spending the funds or transferring the funds to another wallet.
  • Exchanges as crypto wallets: Many cryptocurrency users are using Coinbase as it offers a variety of tokens, allowing you to make payments, buying, selling and trading with the help of the GDAX platform.
  • Multi-currency vs. single currency: Many cryptocurrency owners own multiple cryptocurrencies. Therefore, managing a separate wallet for each currency can be a complex process. Therefore, you should select a crypto wallet that supports multiple types of currencies.
  • QR Code Scanner: If you want to access the mobile crypto wallet, then a QR code scanner is needed. Mobile crypto wallets allow you to generate and scan a QR code for coin transfers.
  • Backup Option: Your selected crypto wallet should provide an option for backup. So, in the case when your laptop, pc, or phone device stops working, you have the data to back up immediately. Therefore, some mobile crypto wallets like Coinbase provide a handy feature to restore your wallet.

โ— 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.

Also Check: Buy Bitcoin(BTC) with Credit Card or Debit Card