What are the best banks for crypto? This is a question that many people are asking, as interest in cryptocurrencies continues to grow. There are a number of banks that are well-positioned to serve the needs of crypto investors. In this guide, we will take a look at some of the best banks for crypto and outline their key strengths and features. Prior to moving forward, it is recommended that you read a comprehensive review.

So, are Crypto Banks a Good Idea?

It is expected that established financial services will offer cryptos and fiat currency in exchange for digital assets over the coming years. Wells Fargo and Goldman Sachs are among the banks that offer cryptocurrency services. This is the fragmented state of crypto banking today. It is significant because there are no suppliers offering crypto/fiat banking services, necessitating the use of a single hub.

You may need to create a distinct user profile for each provider. There are pros and cons to using crypto banks. However, these bank accounts can offer several benefits for traders and investors in the crypto space.

Pros & Cons of Choosing a Crypto Bank


Looking for the best crypto bank account is now a need for anyone who wishes to use their digital assets for payments and transactions. Though crypto transactions do not require a banking system to be done, which is one of the critical benefits of the technology. Yet converting them to fiat currency is a requirement until broader acceptance by countries is implemented. 

Despite these problems, crypto has grown to be one of the most popular investment assets. The banks are increasingly realizing that their customers want and need a simpler way to enter the market.

Thus the best banks for crypto can assist users in securely storing, managing, and trading digital currencies, as well as providing access to advanced trading tools and resources.


If you look at what financial institutions that let you buy cryptocurrency have to offer, you'll see that they might not have all the services that traditional banks do. A bank that has built its infrastructure around virtual currency may not have suitable home equity loan options for you.

Detailed Reviews of Best Banks for Crypto

1. BankProv

Key Specs

Eligible Countries: United States

Supported Crypto Assets:  N/A

Monthly fees:  $0 to $1,000

Minimum opening deposit: $1,000 
Mobile App: Yes 
Key Services: Personal and business checking accounts, savings accounts, online and mobile banking, warehouse lending, and fully insured USD deposits are all available.

BankProv is one of the best banks for crypto, providing full-service USD banking products to crypto natives and related businesses. BankProv is a rebranding of The Provident Bank, a well-known traditional banking institution. It now offers traditional banking solutions to crypto-related businesses, which typically face banking difficulties.

BankProv is also the tenth oldest bank in the United States. It has recently entered the crypto space, offering fully-insured USD backing solutions for crypto businesses. Moreover, the custom API banking services, secure cash vault facilities for BTM operators, and crypto-backed loans.

Bankprov - Best banks for crypto

BankProv provides business checking accounts, making it extremely simple for crypto businesses to control their finances in both the traditional and crypto worlds. It is one of the best crypto banks in the world, offering services all over the world.

BankProv is also a member of the FDIC and the DIF, ensuring that your deposits are safe and secure at no additional cost or complexity. BankProv requires a $1,000 minimum deposit to open an account and, like most banks, charges about $30 for each wire transfer. KYC is used to open an account, and you must submit personal information as well as government-issued identification documents.

BankProv is not your standard bank because of its long history of excellence. A mobile app is available for all devices, so you can access the crypto-friendly bank service features whenever you like. BankProv also makes it simple to manage the flow of your company's funds by supporting ACH credits and debits as well as domestic and international wire transfers.

To sum up, BankProv is the industry's first to offer crypto loans backed by Ether. Companies that have secure funding backed by Ether or Bitcoin can also benefit from crypto-backed loans. Thus, we can say that BankProv is one of the best banks for crypto.


Personalized account setup

USD deposits are fully insured.

Options for crypto-backed lending

Provides a variety of payment options

Web, iOS, and Android have supported platforms.

The ProvXchange network supports client-to-client transfers 24 hours a day, seven days a week.

2. Revolut

Key Specs

Eligible Countries: UK & Euro Region
Supported Crypto Assets: 30+
Monthly fees: £0 to £12.99
Minimum opening deposit: No minimum deposit
Mobile App: Yes 
Key Services: Crypto exchanges, remittances, peer-to-peer transfers, Early Salary, money management with Revolut Vaults and Analytics, and travel benefits are all available.

Revolut is another of the best banks for crypto on the market right now, according to our research. Revolut is a UK-registered company that began without a licence but has grown to become a full-fledged bank with over 2 million customers since its launch in 2015.

Over 18 million personal accounts are now held by the provider. Revolut is among the few US-approved banks for cryptocurrency services. Their service is only available to residents of the United Kingdom and the Euro region.

Revolut - Best banks for crypto

The mobile app for this digital-only bank is fully adapted for both iOS and Android devices. You will be able to add funds in your local currency by opening an account with Revolut. Additionally, you will be able to send and receive funds just as you would with a conventional bank account.

Revolut is also excellent for cross-currency payments because it provides industry-leading exchange rates. As a Revolut customer, you will also receive a debit card linked to your account, which you can use online, in-store, or at an ATM.

Most importantly, you can easily purchase crypto using your Revolut account. You can also withdraw your cash proceeds back to your Revolut account if the crypto exchange is regulated. Furthermore, Revolut allows you to buy cryptocurrency directly from the app.

Revolut provides three types of accounts: Standard, Premium, and Metal, from which you can select the one that best suits your international banking and crypto needs. All of these accounts and banks accept bitcoin and other digital currencies.

The platform offers over 30 leading crypto assets such as Bitcoin, Ethereum, XRP, and Dogecoin. Furthermore, the minimum trade size when purchasing crypto through the Revolut app is just $1. The main disadvantage of Revolut is that it charges high fees when buying and selling cryptocurrency. Lastly, the platform is FCA-regulated, with strong security systems and reliable global partners. Everything together makes it one of the best banks for crypto.


Up to $200,000 in commission-free cryptocurrency trading per month.
Invest in 30+ cryptocurrencies using any fiat currency available.
Gather spare change from your card purchases and instantly convert it to cryptocurrency.
Receive notifications, and price alerts, and set up automatic exchanges, among other things.

3. Monzo

Key Specs

Eligible Countries: UK 
Supported Crypto Assets: N/A

Monthly fees: Up to £ 15per month for 6 months
Minimum opening deposit: £10
Mobile App: Yes 
Key Services: UK bank accounts, debit cards, Interest on your savings, Loans and overdrafts and more.

Monzo comes in third on our list of the best banks for crypto for 2022. To begin with, Monzo is a top rank bank that is only available to residents of the United Kingdom. If you live in the UK, you'll appreciate that Monzo is authorised and regulated by the FCA and that your GBP balances are protected by the FSCS up to the first £85,000.

Monzo - Best banks for crypto

Similar to Revolut, Monzo is a mobile-only bank account accessible via Android and iOS apps. You will be issued a MasterCard debit card as well as a local UK bank account number and sort code. This means that a Monzo account can be used by you for everyday financial transactions.

A standard account has no fees for opening or maintaining it. Premium accounts, on the other hand, cost £5 per month and include higher ATM withdrawal limits, regular credit reports, and a variety of other essential features. In any case, it's worth noting that Monzo's app does not allow you to buy or sell cryptocurrency.

The bank is, however, crypto-friendly, so you can use your Monzo account to put money into exchanges for digital assets. Most importantly, as long as your preferred exchange is regulated, you will have no trouble withdrawing funds from your Monzo account. While eToro and Coinbase transactions are fine, Binance transactions will be blocked.


Allows you to deposit and withdraw funds from regulated cryptocurrency exchanges.

Free UK bank accounts are offered.

MasterCard debit cards are available.

FX rates that are competitive.

4. Ally Bank

Key Specs

Eligible Countries: US only

Supported Crypto Assets: 100+
Monthly fees: $0
Minimum opening deposit: No minimum deposit
Mobile App: Yes 
Key Services: Full-service bank with savings, loans, and retirement services.

In the US, the banks that are crypto-friendly banks don't necessarily need to have direct ways to buy crypto assets. Instead, enable interaction between you and financial institutions that offer these services. Ally Bank does not currently support direct cryptocurrency trading, but it does allow you to invest in the industry.

Ally - Best banks for crypto

You can invest in funds that own cryptos, such as Grayscale Bitcoin Trust (GBTC) and Orsprey Bitcoin Trust (OBTV), or in funds that own crypto futures, such as ProShares Bitcoin Strategy ETF, through Ally Bank (BITO). Not only this other features also make Ally one of the best banks for crypto.

The most appealing feature for crypto investors is the ability to link your Ally Bank debit or credit card to your Coinbase account and purchase tokens and coins. Another advantage is that the integration is simple, with no hidden steps.

Furthermore, Ally Bank is on our Coinbase-friendly bank list because it is an online bank that is open 24 hours a day, has easy-to-reach customer service, and has a nationwide network of ATMs. As an entirely online US bank, it is subject to full legal scrutiny.

Ally Bank also has an excellent online platform for commission-free trading of stocks, ETFs, bonds, and mutual funds.


Integration with Coinbase is simple.

There are no monthly fees or minimum deposits.

It pays up to 2.75% in annual interest on your investment.

5. Juno

Key Specs

Eligible Countries: US

Supported Crypto Assets: 8
Monthly fees: $0
Minimum opening deposit: No minimum deposit
Mobile App: Yes 
Key Services: Checking accounts, transfers from fiat to crypto, and cashback on crypto purchases, Credit Cards, Debit Card, Crypto Trading

Juno, which was founded in 2019, is a digital banking platform that offers hybrid accounts for managing cash and cryptos. Juno earns to be on our list of the best banks for crypto investments due to its outstanding services.

You can buy cryptos with Juno without paying any fees. Juno allows you to purchase a variety of popular cryptocurrencies such as Bitcoin, Ethereum, Polygon, USDC, and others.

Juno has two checking account options: Basic and Metal. The Basic account is free and has a daily funding limit of $5,000.The Metal checking account is free with monthly deposits of at least $250 and has a daily funding limit of $25,000. Furthermore, the Metal account provides up to six times the savings, making it a more appealing option for those looking to invest more heavily in cryptos.

Juno - Best banks for crypto

The bonus rewards are one of Juno's selling points. You can earn 5% on cash deposits up to $10,000 and 3% on deposits between $10,000 and $250,000. When you pay with cash or crypto, you can earn up to $500 with the Basic account and $6,000 with a Metal account. In addition, as a member of the JCOIN Loyalty Program, you can win loyalty tokens and redeem them for exclusive discounts and cash-back rewards.

If you're just thinking about joining Juno, you should be aware of a generous welcome offer. You will receive a $10 bonus after making your first crypto deposit or trade of at least $50. 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 $50 first deposit.

Juno accounts include free cash withdrawals at Allpoint and MoneyPass® ATMs. Additionally, the Basic account allows for one free out-of-network withdrawal each month, while the Metal checking account allows for three.

Juno mobile banking apps are available for both iOS and Android devices. Juno accepts Apple Pay, Google Pay, and Samsung Pay. Juno accepts other payment methods, including debit cards, in addition to contactless mobile payments.

Another fantastic feature of Juno is the ability to convert your paycheck into crypto. Juno works with over 500 payroll providers, including Gusto and Zenefits, and you can specify how much of your paycheck will be automatically converted to cryptocurrency.


Checking accounts with high yields

A rewards debit card that pays up to 10% interest on cryptocurrency

8-asset cryptocurrency exchange

Bitcoin bonuses on USDC holdings

Paychecks are automatically converted to cryptocurrency.

Evolve Bank & Trust provides banking custodial services.

Synapse, a partner, protects digital assets.


Key Specs

Eligible Countries: USA
Supported Crypto Assets: N/A
Monthly fees: N/A
Minimum opening deposit: $25
Mobile App: Yes 
Key Services: Checking and savings accounts, CDs, home mortgages, mortgage refinancing, auto loans, personal loans, insurance, and stock and mutual fund investments are all available.

The United Services Automobile Association, or USAA, is an established Fortune 500 bank based in Texas. It offers banking services to active, retired, and honourably separated US military personnel as well as civilian clients. Moreover, it is a well-known and respected financial institution.

USAA - Best banks for crypto

USAA is one of the best banks for crypto, having invested more than $150 million in Coinbase. What does this mean for USAA customers who also invest in crypto assets? You can manage multiple accounts from other financial institutions with a USAA account. This includes Coinbase, where you can check your total balance and track cryptocurrency transactions, making it simple to keep track of your crypto portfolio.

Using Coinbase to integrate your USAA debit and credit cards is simple, as are fiat currency transfers. Therefore, it is simple to withdraw funds from any of the 60,000 ATMs across the country using your crypto profits. Furthermore, USAA does not charge its customers monthly fees.

Other investment opportunities are available through Bitcoin-friendly banks such as USAA, and beginners looking for a stock brokerage can use Schwab's services.


It allows you to fully track your Coinbase Bitcoin wallet.

Allows customers to easily manage multiple accounts from other financial institutions.

It is a well-known and trustworthy bank for crypto trading.

It provides fee-free withdrawals from over 60,000 ATMs nationwide.

7. Wirex

Key Specs

Eligible Countries: UK and Europe region
Supported Crypto Assets: 100+
Monthly fees: $0
Minimum opening deposit: No minimum deposit
Mobile App: Yes 
Key Services: Savings account, crypto exchange, travelling perks, crypto transfers, software wallet.

Wirex is a banking service that offers crypto-friendly services and allows you to open an account that accepts both fiat currency and cryptos. With Wirex, you can store and trade multiple cryptocurrencies, all while having access to traditional currency transactions via a Visa debit card. Wirex is available today in 130 countries and is used by over 3.5 million people worldwide.

Wirex - Best banks for crypto

Wirex is one of the industry's best banks for crypto, with an exciting offer for crypto enthusiasts. After a simple account opening process, you will have access to 6% saving interest rates for ETH, BTC, LTC, and other cryptocurrencies. If you save in ISD, AUD, HKD, or DAI, you will receive a 12% interest rate. However, if you choose to earn interest in WXT, you will receive an extra 4%.

WXT is built on the Ethereum and Stellar blockchains, providing the token with exceptional performance and flexibility in the decentralized finance (DeFi) industry. WXT can also be used as a reward for Wirex users, who can earn up to 4% of WXT back when they use their card in a store or online. With the multicurrency card, you can pay like a local anywhere in the world and save up to 3% on international transactions. Wirex converts payments to local currency with no exchange fees.

Wirex is more than just a Bitcoin bank. It has a wallet app that supports over 100 different coins. It also supports DeFi and allows access to NFTs.


Allows you to purchase, store, and manage your crypto (BTC, LTC, XRP) and traditional currency (GBP, USD, EUR).

Enables you to fund your account with a credit card, debit card, or bank transfer.

Allows you to exchange crypto for traditional currencies at real-time rates.

It enables you to send 21 different traditional and digital currencies.

You have complete access to the world of borderless payments.

8. Changeinvest

Key Specs

Eligible Countries: Only in European countries 
Supported Crypto Assets: 50+

Monthly fees: 0$
Minimum opening deposit: N/A
Mobile App: Yes 
Key Services: Provides banking services for financial and business institutes.

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.

Kristjan was a member of a VC fund that invested in game-changing companies that provided investors with high returns in 2015. He kept running into the same people: a select few with the financial means to share in the world's prosperity.

Changeinvest - Best banks for crypto

Kristjan wanted to change that by lowering the entry barrier so that anyone could participate. That is why he founded Changeinvest intending to change the way people invest. Changeinvest is also one of the best banks for crypto in 2022, providing an easy and affordable way for investors from all over the world to get involved in the world of cryptocurrency.

Changeinvest crypto trading bank allows its customers to store a variety of cryptocurrencies. It accepts cryptocurrencies such as BTC, ETH, and XRP. The Changeinvest investment platform is available through iOS and Android apps. You can access your investments quickly and easily with the app; no need to wait for funds transfers or transactions to complete!


The user interface is great.

A built-in cryptocurrency exchange that works flawlessly.

It has the backing of reputable investors.

It provides a simple process for opening an account with a small investment.

What makes a bank crypto-friendly?

The policies and rules a bank has regarding virtual currencies are just one of many elements that can affect how crypto-friendly it is. The bank's support for blockchain technologies, as well as its general attitudes toward crypto also matters.

Traditional banking systems are still cautious about using cryptos. The crypto market has a much smaller market capitalization than traditional money markets, resulting in significant price fluctuations and volatility. However, the crypto market remains open to all participants and can be accessed 24 hours a day, with no struggles about volatility or the difficulties that early investors face.

Why Did We Choose the listed Banks?

Banks on our list differ noticeably in their approaches to cryptocurrency in the financial industry. We included established traditional banks with years of experience as well as emerging financial organisations with a completely different vision of how finances need to operate.

There aren't any set rules for what makes a bank crypto-friendly. So, we've found a wide range of options that will work for any kind of cryptocurrency investor.

There are banks that facilitate transactions with crypto exchanges. Some banks will even prohibit you from using your credit or debit card to register for an exchange.

Some modern banks only operate online and have useful mobile apps that allow you to exchange multiple cryptos, set up crypto savings accounts, or sell them directly for fiat currency.

How to Choose the Right Crypto Bank for you?


The first thing to determine is whether you are eligible to open an account with your preferred crypto bank. For example, while Revolut accepts customers from the United States, Europe, and several other countries, Monzo accounts can only be opened by people who live in the United Kingdom.

Traditional Banking Services

After that, check what traditional banking services your chosen institute provides. At least, you should be able to open a local bank account in the area you want to live in.

For instance, Revolut provides all registered users with exclusive UK, EU, US, and some other regional bank accounts. On the other hand, Monzo and Nuri only offer local bank accounts in the UK and Germany, respectively.

Crypto Services Offered 

When looking for the best crypto bank for 2022, you're probably looking for access to specific services related to the virtual asset industry.

Revolut, for example, is a crypto bank account that enables you to buy and sell digital assets with the click of a button.

However, it is critical to determine whether your chosen crypto bank provides digital asset services directly or through a third-party provider.

Debit Card

When you open an account with a crypto bank, you will most likely need access to a debit card. This allows you to spend your fiat and cryptocurrency funds in the real world.

ATM withdrawals, as well as online and in-store purchases, should be included. You should be able to use the card anywhere in the world as long as it is issued by Visa or MasterCard.

Interest Accounts

When you deposit money into a traditional bank account, you will almost certainly be paid interest. Therefore, we know that banks in the United States and Europe pay almost no interest, with yields rarely surpassing 1%.

It is why we recommend Crypto.comYouHodlerQuint or Nexo as the best alternatives to a cryptocurrency bank, as they offer high APYs Bitcoin and Ethereum deposits and stablecoin deposits. Read for the 6 Best crypto interest accounts to earn interest.


Which banks let you buy Cryptocurrency?

All of the crypto banks on our list have some sort of cryptocurrency purchase support system in place. With the help of these banks, you can interact with crypto exchanges more easily or choose to buy digital currencies using a service that is already built into them.

What banks are crypto-friendly in the USA?

BankProv, Revolut, Ally Bank and USAA are the best crypto-friendly banks for US residents. They all make it simpler to invest in Bitcoin, Ether, and other cryptocurrencies, and the majority of them make it simpler to open accounts on exchanges such as Coinbase.

Should I use a crypto bank?

It all depends on what you want to achieve. Crypto.com, for example, offers up to 14.5% interest on crypto investments in a secure and regulated environment.

Final Thoughts

There you have it – the eight best banks for crypto in 2022. BankProv is our top pick overall, as they are a firm that specializes in working with crypto businesses. Revolut is a great choice if you want to invest in cryptocurrencies, while Monzo is the best option if you live in the United Kingdom. Other listed options are also great that work well with crypto exchanges and offer some of the best rates around. They offer support for multiple cryptocurrencies and make it easy to buy, sell and store them all in one place. Which bank will you be using for your crypto needs?

Read more: 6 Best crypto interest accounts
Best Yield Farming Crypto Platforms
Best Crypto Under a Penny to invest in 2022

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