Finding crypto-friendly banks is already so difficult. As cryptocurrencies become increasingly mainstream, many traditional banks continue to block or limit transactions related to cryptocurrencies. This makes it challenging for investors, businesses, and crypto enthusiasts to find trusted banking partners that fully support digital assets across the global financial landscape. These restrictions slow down transfers, raise costs, and create uncertainty.
Users who require immediate and secure access to both cryptocurrency and fiat monies frequently encounter unnecessary barriers when attempting to move funds between their exchange and their customers’ bank. To help bridge this gap, we’ve produced a list of the best crypto-friendly banks. These institutions combine strong regulatory compliance with cutting-edge digital asset banking services.
What Are the Best Crypto Friendly Banks in 2025?
To help you, we’ve put together the best crypto friendly banks this year.
1. Mercury
Mercury is a fantastic alternative for Web3 organizations since it provides business banking solutions that are suited to their requirements. While you can’t keep Bitcoin in a Mercury account, you can buy it with no limits. Mercury’s Vault program gives FDIC insurance coverage up to $5 million, while its Treasury product offers a competitive rate on accounts over $500,000. Mercury also offers cashback benefits and prepaid cards, making it a diverse choice for businesses.
2. Revolut
Revolut is a UK-based fintech company that provides cryptocurrency trading directly through its mobile app. Revolut supports over 30 cryptocurrencies, including famous ones such as Bitcoin and Ethereum, making it simple for both novice and experienced users to purchase, trade, and retain digital assets. The platform offers competitive exchange rates and enables users to convert between fiat and digital currencies. Notably, Revolut provides cryptocurrency wallets for managing digital assets alongside traditional currency, and users can create cryptocurrency vaults to save and accumulate digital assets over time.
3. Ally Bank
Ally Bank, a customer-centric traditional online bank, does not directly offer cryptocurrency services. However, clients can use their accounts with external cryptocurrency exchanges to trade. Ally Bank offers digital tools and services to assist consumers manage their accounts more effectively, which might be useful for cryptocurrency traders. Ally Bank, known for its straightforward cost structure and low interest rates, is an appealing alternative for customers wishing to maximize their financial portfolio, which includes cryptocurrency investments.
4. Wirex
While not a bank, Wirex is a significant player in the cryptocurrency field, offering a payment card in collaboration with Mastercard. Wirex stands out for supporting both traditional currencies and a diverse range of cryptocurrencies, making it an ideal alternative for crypto fans. They provide a variety of plans, including a free one, and consumers can earn more cryptocurrency by upgrading their plan. Wirex also has its own coin (WXT), which allows for DeFi and other crypto-related capabilities.
5. Juno
Juno is a crypto-friendly banking platform designed specifically for blockchain and cryptocurrency enthusiasts and enterprises. It provides customized cryptocurrency accounts with features such as crypto-backed loans, savings, and trading. Juno offers staking services, which let users to earn incentives for holding cryptocurrency. They provide debit cards that can be linked to both fiat and crypto accounts, allowing users to spend cryptocurrency just like regular money.
6. JP Morgan Chase
JPMorgan Chase, one of the world’s major financial companies, has made a cautious move into cryptocurrencies. The bank launched JPM Coin for rapid cross-border payments among institutional clients. It provides crypto-friendly financial services to chosen exchanges and digital asset enterprises, with an emphasis on risk management and compliance. JP Morgan Chase also provides institutional-grade analysis on cryptocurrency markets to help clients make informed investment decisions.
7. Monzo
Monzo, a pioneer in digital banking, has embraced the digital financial revolution and is open to cryptocurrencies. While Monzo does not provide direct cryptocurrency trading, it does allow clients to use their bank account with Bitcoin exchange accounts. This integration allows users to track their cryptocurrency holdings alongside their conventional banking transactions in the Monzo app. Monzo also allows for speedier payments and direct debits to Bitcoin exchanges, which simplifies fund deposits and management.
8. Cash App
Cash App, which was originally created for peer-to-peer payments, has since evolved into a comprehensive financial platform. Square developed this mobile app, which now provides users with a full-service banking experience. Users can get a Cash App debit card, receive ACH transfers and direct deposits, and make typical stock market investments. Cash App’s integration with cryptocurrencies, specifically Bitcoin, distinguishes it in the fintech world.
Please keep in mind that Cash App is now only available in the United States and the United Kingdom, although there are plans to expand.
9. Quontic
Quontic is a US-based community bank that is noted for its desire to collaborate with fintech startups in the blockchain and cryptocurrency area. It offers commercial banking solutions to cryptocurrency and technology enterprises. Quontic provides interest-bearing accounts for cryptocurrencies, allowing users to generate passive income from their digital assets. It also provides a Bitcoin rewards checking account, which combines standard banking services with cryptocurrency incentives.
How to Pick a Crypto Friendly Bank
When choosing a crypto-friendly bank, here are some crucial things to consider:
- Holding both crypto and fiat currency: Look for a bank that allows you to hold both cryptocurrencies (such as Bitcoin) and conventional currency (such as dollars) in one account. This allows you to easily manage all of your funds together.
- Crypto cards for spending: Check to see if your bank offers any specific cryptocurrency cards. These cards allow you to use both ordinary money and cryptocurrency to make purchases or payments.
- Integrate with bitcoin exchanges and wallets: Ensure that the bank operates seamlessly with cryptocurrency exchanges and digital wallets. This allows you to effortlessly shift money into and out of the cryptocurrency realm.
- Crypto-powered banking services: Some banks provide additional services related to cryptocurrencies, such as crypto-backed loans or receiving rewards on crypto holdings. These are useful features to have.
- Buying and selling cryptos using cards: Determine whether your bank allows you to use your credit or debit card to purchase and sell cryptocurrencies. It is convenient to have this choice.
- Transaction fees and monthly charges: Be aware of the fees charged by your bank for cryptocurrency transactions, as well as any monthly account fees. You want to ensure that the charges are reasonable and within your budget.
What Are the Pros and Cons of Crypto Friendly Banks?
Crypto-friendly banks, like anything else, have advantages and disadvantages.
Crypto Friendly Bank Pros
- Makes crypto easy: They make it easy for newcomers to enter cryptocurrency, much like traditional banking.
- Easy to cash out: They make it easier to convert your cryptocurrency into ordinary currency.
- Helps businesses: They assist blockchain and fintech enterprises, which is beneficial to entrepreneurs.
- Mobile apps: They offer mobile apps that allow you to manage your cryptocurrency while on the road.
Crypto Friendly Bank Cons
- Risky: They can be dangerous because they work with volatile cryptocurrency assets.
- High fees: They charge more for cryptocurrency services than traditional wallets.
- Limited features: They do not provide all of the great things that DeFi delivers.
Use a crypto tax calculator to track profits, losses, and income from cryptocurrency investments, independent of your bank.
Closing Thoughts
In 2025, banks that embrace digital assets will provide a secure and regulated environment for managing both traditional and digital assets in one place.
They combine compliance, security, and simplicity, making it easier to buy, trade, store, and account for cryptocurrency responsibly, whether you’re transferring payments, keeping assets in a crypto wallet, or diversifying into regulated crypto investments.
However, not every bank provides the same amount of safety or services. Before opening an account, examine each bank’s license, supported assets, and fees to determine which one best meets your requirements, particularly in terms of transaction fees and service tiers.
As regulations evolve, crypto-friendly institutions will expand their offerings, allowing you to enter the digital economy.
