The Best Crypto-Friendly Banks (2023 Reviews) | Fortunly (2024)

• USD accounts for crypto companies
• Bitcoin and Ether backed lending
• API banking

BankProv (formerly named The Provident Bank) is an example of a US financial institution with 200 years of history at the forefront of implementing new technologies to improve its offer for clients. Besides lending, businesses banking, cash management, and personal banking, cryptocurrency is one of the primary services available at BankProv.

This modern bank implements API banking, ProvXchange network, and specialty lending. With ProvXchange, BankProv clients can make real-time transactions between themselves 24/7. The best banks for cryptocurrency integrate application programming interface (API), and the same goes with BankProv. You can interact with the bank with your platform or software solutions and streamline processes.

BankProv offers crypto-backed lending and lines of credit for organizations that are backed by Ether or Bitcoin. The bank also issues equipment and infrastructure loans for crypto mining operations, perfect for anyone looking to increase their mining gains. Anyone looking for such a loan will not have to liquidate their crypto position, instead just use it as collateral.

Bitcoin ATM operators can get access to secure cash vault services, faster money transfers, and other benefits that businesses in the crypto space have at BankProv.

• Get $10 on your first crypto deposit
• Two types of checking accounts
• Convert your paycheck into crypto

Founded in 2019, Juno is a digital banking platform providing clients with hybrid accounts for managing cash and cryptocurrencies. Although it’s not exactly a bank but a fintech company, Juno definitely deserves to be on our list of the best banks for cryptocurrency investments due to its excellent services.

With Juno, you can buy cryptocurrencies without paying any fees. Juno allows you to buy many popular cryptocurrencies, including Bitcoin, Ethereum, Polygon, USDC, and others.

Juno offers two types of checking accounts - Basic and Metal. The Basic account is free and has a $5,000 daily funding limit. On the other hand, the Metal checking account is free with monthly qualifying deposits of at least $250 and has a $25,000 daily funding limit. Additionally, the Metal account offers up to six times greater savings, making it a more appealing choice for those looking to invest more in cryptocurrencies.

One of Juno’s main selling points is the bonus rewards. You can earn a 5% on all cash deposits up to $10,000 and 3% on cash deposits from $10,001 up to $250,000. In addition, you can earn 5% yearly cash back when you pay with cash or crypto - up to $500 with the Basic and up to $6,000 with a Metal account. Also, as a part of the JCOIN Loyalty Program, you can earn loyalty tokens and redeem them for exclusive discounts and cashback boosts.

And if you’re just thinking about joining Juno, there’s a generous welcome offer you should know about. Once you make your first crypto deposit or trade of at least $50, you get a $10 bonus. There’s also a $50 bonus on your first $250 direct deposit, and an extra $10 if you refer a friend who then makes a first deposit of at least $50.

Juno accounts come with free cash withdrawals if you use Allpoint and MoneyPass® ATMs. Additionally, you’ll get one free out-of-network withdrawal per month with the Basic account and three with the Metal checking account.

When it comes to Juno mobile banking, both iOS and Android apps are available. Juno is compatible with Apple Pay, Google Pay, and Samsung Pay. In addition to contactless mobile payments, Juno supports other payment methods, including debit cards.

Another great feature you’ll enjoy with Juno is the option to convert your paycheck into crypto. Over 500 payroll providers collaborate with Juno, including Gusto and Zenefits, and you choose what portion of your paycheck will be converted to crypto automatically.

• Access stocks, crypto, and your checking account from one app
• Make payments with a card or phone
• Budgeting and analytics

Revolut is a company with more than 18 million personal and 500,000 business users. It’s one of the best crypto-friendly banks in the market, especially since you can buy cryptocurrencies directly through the app.

With Revolut’s mobile app, you get access to more than 50 cryptocurrencies, including Bitcoin (BTC), Ether(ETH), Bitcoin Cash (BCH), Cardano (ADA), Polkadot (DOT), Solana (SOL), and many more. The company plans to expand this list as it adds support for other cryptocurrencies. What's even more important for cryptocurrency investors is that digital assets are held in cold storage with trusted custodians. Therefore, there is no need to worry if your private keys will be exploited by a malicious party.

The company offers stock trading without commission and trading in commodities besides cryptocurrencies.

Revolut came to the US market in 2020 after having great success in Europe. It joins the ranks of crypto banks in the USA that are FDIC insured up to $250,000 with Revolut’s partner Metropolitan Commercial Bank. However, you need to remember that FDIC insurance doesn’t cover cryptocurrencies, investments, and commodities.

• For the UK and Europe region
• Includes a cryptocurrency exchange
• Supports more than 100 cryptocurrencies

Wirex is a banking service with crypto-friendly services where you can open an account that supports fiat currencies and crypto. With Wirex, you can manage multiple cryptocurrencies and get access to fiat payments through a Visa card. Wirex is currently available in 130 countries and has more than 3.5 million people across the world using it.

Wirex is in the ranks of the best crypto-friendly banks in the industry and has an exciting offer for cryptocurrency enthusiasts. After a straightforward process of opening the account, you get access to saving interest rates of 6% for ETH, BTC, LTC, and others. If you decide to save in ISD, AUD, HKD, or DAI, you’ll enjoy a 12% interest rate. However, if you decide to earn interest in WXT, you’ll get an additional 4%.

WXT is developed on Ethereum’s and Stellar’s blockchain, providing excellent performance and flexibility for the token in the decentralized finance (DeFi) industry. WXT also serves as a reward for Wirex users as they can earn up to 4% of WXT back each time they use their card in a store or online. With the multicurrency card, you can pay like a local anywhere abroad, and you’ll save up to 3% on transactions abroad. Wirex converts to local currency when you make payments with no exchange fees.

Wirex isn’t just a Bitcoin bank. It has a wallet app that supports more than 100 coins. It also has support for DeFi, and you can also access NFTs.

• Online bank with Coinbase integration
• Stock investments without commission fees
• US only

Crypto-friendly banks in the United States don’t necessarily need to have direct ways of buying crypto assets. Instead, make it easier for you to interact with financial organizations that provide such services.

Ally Bank currently doesn’t support direct trading with cryptocurrencies, but it leaves the option for you to invest in the industry. You can invest through Ally Bank in funds that own crypto, such as Orsprey Bitcoin Trust (OBTV) and Grayscale Bitcoin Trust (GBTC), or those that own crypto futures like ProShares Bitcoin Strategy ETF (BITO).

The most interesting for crypto investors is that you can link your Ally Bank debit card or credit card to your Coinbase and buy tokens and coins. Another benefit is that the integration is straightforward, and there are no hidden steps.

Furthermore, there are other important factors why Ally Bank is on our Coinbase friendly banks list is that it’s an online bank that’s operational 24/7, with easy-to-reach customer support, and a network of ATMs across the US. As an exclusively online US bank, it’s regulated by the full extent of the law.

Ally Bank also has an excellent online platform for trading stocks, ETFs, options, bonds, and mutual funds without commission.

• Fortune 500 company
• Coinbase integration
• Full range of banking services, including investing and insurance

USAA or United Services Automobile Association is a well-known Fortune 500 bank that’s based in Texas. Besides providing banking services for active, retired, and honorably separated US military personnel, it’s also open for civilian clients. Furthermore, it’s a highly respected and established financial institution.

USAA is one of the best banks for crypto as it is one of the leading investors in Coinbase with more than $150 million. What does it mean for USAA clients that are also cryptocurrency investors? USAA account allows you to manage multiple accounts from other financial institutions. This also includes Coinbase, and you can check your total balance and monitor its cryptocurrency transactions, making it easy to stay on top of your cryptocurrency portfolio.

Integrating your USAA debit and credit cards with Coinbase is simple, as are fiat currency transfers. Meaning that it’s straightforward to cash in your cryptocurrency profits and, if needed, make withdrawals from any of 60,000 ATMs across the country. Furthermore, USAA doesn’t charge monthly fees for its clients.

Bitcoin-friendly banks such as USAA offer access to other investment opportunities, and beginners looking for a stock brokerage can use Schwab’s services.