What Banks Are Crypto Friendly? A Comparison Guide

Most major U.S. banks still block or restrict crypto transactions, but several crypto friendly banks now allow you to buy, sell, and transfer digital assets while providing traditional banking services. Major banks remain cautious about offering comprehensive crypto services, often limiting customer access to digital assets. Only a few banks, such as Revolut, Mercury, and select fintechs, currently provide a full suite of crypto services, while most others are still hesitant. These banks fall into two main categories: those offering direct crypto trading within their platforms and those that allow transfers to regulated exchanges without blocking your transactions. Some banks, like Goldman Sachs and U.S. Bank, focus on institutional clients, while others, like Juno and Cash App, are more retail-friendly.

Finding the right crypto friendly bank can save you from account freezes, declined transactions, and the hassle of explaining your crypto activities to suspicious financial institutions. Banks like Revolut, Ally Bank, and Cash App have embraced digital assets, while traditional giants like Chase and Capital One continue blocking crypto purchases through credit cards. A traditional bank is often slower to adopt crypto features compared to newer, more agile fintech entrants. Bank Frick has provided regulated access to cryptocurrencies since 2018 for companies and institutional investors. Cash App offers the ability to buy, sell, and transfer Bitcoin with a low minimum purchase amount.

The integration of crypto-friendly banks is transforming the financial system and accelerating crypto adoption across the industry.

What Makes a Bank Crypto Friendly?

Crypto-friendly banks offer specific features that separate them from traditional banks, including direct cryptocurrency support, regulatory compliance, and secure digital asset storage. Risk management is also a key component of compliance and security, ensuring operational safeguards and legal adherence within these services. These financial institutions use different banking models and follow strict security standards to protect both fiat and digital currencies. Many crypto-friendly banks prioritize regulatory compliance and risk management to protect their customers. Crypto enthusiasts benefit from the tailored services provided by crypto-friendly banks, which address their unique needs for digital asset transactions and support.

Core Features of Crypto-Friendly Banks

Crypto-friendly banks provide services that connect traditional banking with cryptocurrency operations. You can buy, sell, and hold digital assets directly through your bank account, and many offer checking accounts that integrate seamlessly with crypto services.

These banks allow transfers to cryptocurrency exchanges without blocking your transactions, and often let you link your bank accounts to crypto platforms for seamless fiat and crypto transactions. Many traditional banks reject crypto-related payments, but crypto-friendly institutions welcome them. Many banks facilitate seamless transfers to regulated cryptocurrency exchanges like Coinbase and Kraken.

Key services include:

• Direct cryptocurrency trading platforms
• Crypto-to-fiat currency conversion
• Digital asset custody and storage
• Crypto debit cards for daily spending
• Integration with major exchanges like Coinbase
• Integration with crypto wallets and external wallets for secure transfers
• Crypto-backed loans allowing customers to borrow against their digital holdings without selling them

You get FDIC insurance protection for your fiat currencies alongside crypto services. This means your regular money stays protected even when you trade digital assets. Some banks offer rewards programs like earning Bitcoin cashback on debit card purchases to encourage engagement with digital assets.

Smooth ACH transfers are important for moving funds to and from crypto exchanges, making it easier to manage your assets across platforms.

Many crypto-friendly banks offer competitive exchange rates and lower fees than standalone exchanges. Some provide price alerts and automated trading features to help you manage your investments. Transaction fees for crypto-related services, such as crypto payments, cross-border transfers, and fiat-to-crypto conversions, are typically transparent and should be considered when evaluating a bank. Well-regarded crypto-friendly banks are often transparent about their fee structures and transaction limits.

Crypto debit cards allow you to make debit card transactions for crypto payments, providing flexibility for spending digital assets in everyday situations.

Integrated accounts can also simplify tax reporting for cryptocurrency transactions, making it easier to track deposits and withdrawals for accurate tax filings.

Types of Crypto-Friendly Banking Models

Different types of banks offer crypto services based on their business models. Traditional banks with crypto licenses provide both regular banking and digital asset services under one roof. Goldman Sachs primarily serves institutional investors by offering Bitcoin futures and options trading. Large financial institutions like Goldman Sachs and JPMorgan Chase offer specialized services for institutional clients, including crypto trading desks and futures trading.

Crypto-native banks focus entirely on digital assets and blockchain companies. They often serve businesses in the crypto space with specialized business accounts and business accounts tailored for crypto business needs, such as integrated fiat-to-crypto channels and multi-currency support.

Digital-only banks combine traditional banking with built-in crypto trading. You manage both fiat currencies and digital assets through the same mobile app, and features like multi currency accounts make international spending and transfers seamless.

Fintech platforms leverage advanced banking infrastructure and can integrate with your existing infrastructure, enabling seamless crypto business operations and supporting a wide range of digital asset services.

Security Standards, Crypto Transactions, and Regulatory Compliance

Crypto-friendly banks must follow strict regulations to protect your money and digital assets. They need proper licenses to offer cryptocurrency services in each country they operate. Most crypto-friendly banks implement KYC (Know Your Customer) and AML (Anti-Money Laundering) policies for safety.

These banks use bank-grade security measures for crypto storage. Your digital assets get stored in secure crypto custody solutions that protect against hacking and theft. While some banks are beginning to offer crypto custody services, most do not allow customers to store crypto directly with them; instead, they provide secure custody under regulatory oversight.

Security features include:

• Cold storage for cryptocurrency holdings
• Multi-signature wallet protection
• Regular security audits and compliance checks
• Know Your Customer (KYC) verification processes

FDIC-insured banks protect your fiat currency deposits up to $250,000. Some crypto-friendly banks offer additional insurance through special vault products that increase protection limits.

Regulatory compliance varies by country. Banks in Switzerland and Singapore often have more advanced crypto regulations than those in other regions. Many crypto-friendly banks partner with regulated crypto exchanges to ensure compliant and secure transactions.

You benefit from transparent reporting and legal protections when using regulated crypto-friendly banks. This reduces your risk compared to unregulated cryptocurrency exchanges. Crypto-friendly banks offer enhanced security and compliance compared to the traditional financial system, while also addressing some of its limitations.

Comparison of Leading Crypto-Friendly Banks

Crypto friendly banks matter because they bridge the gap between traditional finance and digital currencies, providing essential services for both crypto users and global businesses. The top crypto friendly banks play a crucial role in enabling secure and compliant access to crypto assets, supporting crypto related transfers, and integrating with leading crypto platforms. These institutions facilitate access to crypto markets and the broader crypto market, making it easier for individuals and companies to manage digital assets and participate in the evolving financial landscape.

Several banks and fintech companies now offer varying levels of cryptocurrency support, from direct crypto trading to seamless transfers to exchanges.

Suisse Bank: Comprehensive Offshore Crypto Banking

Suisse Bank emerges as a leading choice for comprehensive crypto-friendly banking services, particularly for international clients and businesses requiring offshore banking solutions. As a regulated universal bank licensed in the Union of the Comoros, Suisse Bank offers an integrated approach through the All-In-One Wallet.

Key Features:

• Rapid crypto liquidity: 3-minute crypto-to-fiat liquidations to segregated bank accounts
• Multi-cryptocurrency support: Trading and storage for major cryptocurrencies including BTC, ETH, ADA, AVAX, BCH, BNB, DASH, DOGE, LTC, MATIC, SHIB, SOL, USDC, USDT, TRON, and XRP
• Global multi-currency platform: Support for 30+ currencies across 170+ countries
• Integrated payment systems: SWIFT, UK Faster Payments, SEPA, and SEPA Instant
• Professional banking services: 24/7 multilingual support with dedicated account managers

We combine traditional offshore banking advantages with comprehensive cryptocurrency services, making it particularly suitable for digital nomads, international businesses, and clients requiring both crypto and multi-currency capabilities. Our partnership with Tier 1 banks like NatWest for segregated account holding provides additional security for client funds.

Revolut: Global Fintech Leader

Revolut stands out as the most comprehensive crypto-friendly banking solution for international users. The platform supports over 200 cryptocurrencies through its Revolut X trading platform, which integrates a robust crypto exchange for seamless buying, selling, and management of digital assets.

Key Features:

• Trading fees: 0% to 0.09% regardless of volume
• Multi-currency support: Hold and exchange 25+ currencies
• Multi currency accounts: Manage multiple currencies within a single account for easy cross-border transactions
• Global reach: Available in multiple countries (crypto features limited in US)

You can trade cryptocurrencies directly within the app using real-time charts and analytics tools. The platform includes wallet integration for deposits and withdrawals to external crypto wallets, and features a built-in crypto exchange for efficient trading.

Revolut offers local accounts in USD, EUR, and GBP. This makes it ideal if your business operates internationally and needs frequent crypto transfers. You can manage both crypto and fiat assets within the same platform, providing flexibility for users who need to handle both types of currencies.

The security features include end-to-end encryption and biometric authentication. You’ll receive real-time alerts for all crypto transactions to monitor account activity. For spending, Revolut provides a debit card that allows you to make crypto payments and access innovative payment methods.

Ally Bank: Indirect Crypto Access

Ally Bank provides crypto-friendly services without direct cryptocurrency trading. While Ally Bank does not offer direct crypto trading, it supports transfers to major crypto exchanges like Coinbase and Gemini without transaction blocks. Additionally, Ally Bank provides access to crypto ETFs as an investment option for those seeking indirect exposure to cryptocurrencies. Ally Bank supports seamless transfers to and from major cryptocurrency exchanges like Coinbase.

The bank’s approach focuses on supporting your crypto investments through traditional banking services. You can link your bank accounts to licensed cryptocurrency exchanges for seamless fiat and crypto transfers, and you won’t face account restrictions when moving money to these exchanges.

Banking Benefits:

• No monthly maintenance fees
• High-yield savings accounts
• 24/7 customer support
• Mobile-first banking experience

Ally Bank works well if you prefer keeping your crypto trading separate from banking. The bank maintains a neutral stance toward cryptocurrency while ensuring smooth fund transfers.

Your account won’t get flagged for crypto-related transactions. This makes Ally Bank a reliable choice for regular cryptocurrency investors who use external exchanges.

Mercury: Serving Startups and Businesses

Mercury specializes in crypto startups and Web3 businesses with unlimited crypto transactions. The platform offers fee-free wire transfers to major exchanges like Coinbase and Gemini. Customers Bank is another digital asset-friendly institution known for supporting crypto businesses with innovative payment solutions. AMINA Bank (formerly SEBA Bank) offers a range of regulated crypto services for institutional and private investors.

Business-Focused Features:

• FDIC insurance up to $5 million
• Advanced accounting automation
• QuickBooks and Xero integrations
• No incoming or outgoing wire fees

You get tailored banking solutions for blockchain, NFT, and decentralized companies, including business accounts specifically designed for crypto business needs. Mercury displays your business name on outbound wires and imposes no limits on crypto purchases.

The platform provides 256-bit encryption and multi-factor authentication for security. Real-time transaction monitoring helps detect suspicious activities.

Mercury offers three account tiers: Basic ($0), Plus ($35), and Pro ($350) monthly. The basic tier includes unlimited transactions with no monthly fees.

Other Notable Crypto-Friendly Banks

Chase operates the Kinexys blockchain platform (formerly Onyx) for institutional clients. The bank supports JPM Coin for real-time settlement and allows transfers to regulated exchanges. You can access traditional banking with blockchain infrastructure.

U.S. Bank partners with NYDIG to provide cryptocurrency custody services starting with Bitcoin. This makes it suitable for institutional investors seeking regulated digital asset custody alongside traditional banking. U.S. Bank also offers innovative products like the bitcoin rewards checking account, allowing customers to earn Bitcoin rewards on purchases.

Monzo serves UK-based companies with straightforward transfers to crypto exchanges. The digital bank offers fee-free basic accounts with crypto-friendly policies, making it a viable option for a crypto startup looking for accessible business banking solutions.

Evolve Bank and Evolve Bank & Trust are notable as infrastructure providers for fintech and crypto services. They support fintech companies and digital asset firms with banking infrastructure, KYC solutions, and API integration, but do not offer direct crypto custody or trading.

These banks focus on different market segments. Chase targets large institutions, U.S. Bank serves institutional investors, Mercury specializes in crypto startups, while Suisse Bank offers comprehensive offshore banking solutions for international clients requiring both traditional and crypto services. DBS Bank provides cryptocurrency services for institutional clients through its DBS Digital Exchange.

What Banks Are Crypto Friendly: Leading Financial Institutions Embracing Digital Assets

Understanding what banks are crypto friendly has become crucial as the financial landscape rapidly evolves toward digital asset integration and blockchain-based services. Traditional financial institutions are increasingly adopting cryptocurrency-friendly policies, offering digital wallet services, and providing comprehensive platforms that support both fiat and digital currencies. Major banks worldwide are now integrating blockchain technology, Central Bank Digital Currencies (CBDCs), and cryptocurrency trading capabilities to meet growing consumer demand for digital financial services and cross-border payment solutions.

The shift toward crypto-friendly banking reflects a fundamental transformation in how financial institutions approach digital assets and blockchain technology. Banks that embrace cryptocurrency offer enhanced security through tokenization, AI-powered fraud detection, and biometric authentication, while providing seamless integration between traditional banking services and digital asset management. As over 5.2 billion people are expected to use digital financial platforms by 2026, crypto-friendly banks are positioning themselves at the forefront of this revolution by offering comprehensive financial ecosystems that combine traditional banking with innovative digital currency solutions.

At Suisse Bank, we stand as a leader among crypto-friendly financial institutions, offering comprehensive blockchain banking services that seamlessly integrate cryptocurrency trading with traditional banking solutions. Our All-In-One Wallet platform demonstrates what banks are crypto-friendly should provide: secure digital asset management, instant cross-border transactions, and 24/7 access to both traditional and digital currencies through one unified interface. We specialize in cutting-edge blockchain technology while maintaining the highest standards of regulatory compliance and customer security.

Our expertise in digital asset banking positions us uniquely to serve global entrepreneurs who need reliable, secure access to both traditional financial services and cryptocurrency markets. Through our innovative platform, we provide multilingual support, advanced security features, and the flexibility to conduct business across multiple jurisdictions without the limitations of traditional banking systems. 

Become our client and discover why we're recognized as one of the most crypto-friendly banks globally, offering our All-In-One Wallet that makes managing digital assets and international transactions seamlessly integrated into your global business operations.