Top 10 Crypto-Friendly Banks for 2023

Crypto-friendly banks in 2023 offer cryptocurrency custody, trading, and even lending

Crypto-friendly banks are financial institutions that have policies and practices that are supportive of cryptocurrency transactions and related activities. These banks may allow customers to buy, sell, and hold cryptocurrencies, facilitate transactions with cryptocurrency exchanges, and provide other services related to cryptocurrency. Some crypto-friendly banks may also have partnerships with cryptocurrency companies or offer their crypto-related products or services. However, it's important to note that not all banks are crypto-friendly, and some may have restrictions or outright bans on cryptocurrency-related activities. In this article, we gathered crypto-friendly banks for 2023.

1. Revolut:Revolut is one of the top crypto-friendly banks, it is a startup that debuted in the US in March 2020. Despite this, they have achieved significant progress in the European market and are widely used as a result of their creative approach to banking services. Customers of Revolut can directly buy bitcoin through the company's app, which is accessible on both iOS and Android devices. Users can set up an auto exchange to have the software buy a cryptocurrency when the exchange rate reaches a certain price, or they can buy it whenever they wish. Users can access many other benefits, such as early pay and an FDIC-insured bank account, by signing up for free.
2. Binance: The majority of the services that a traditional bank might offer, such as loans, credit cards, fixed deposits, etc., are all offered by the cryptocurrency exchange Binance. It provides a Binance Visa Card to enable simple cryptocurrency purchases from 60 Million retailers worldwide.
3. Bankprov: Bankprov is far more than a bank that accepts cryptocurrency. The bank primarily targets companies in the cryptocurrency sector. Businesses involved in the cryptocurrency industry can access Bitcoin ATMs, loans and lines of credit backed by cryptocurrencies, and API banking. 24/7 real-time transfers to other account holders are possible with ProvXchange, and you can use cash or cryptocurrency to complete transactions. The FDIC and the Depositors Insurance Fund both provide support for Bankprov.
4. Goldman Sachs: Goldman Sachs began providing cryptocurrency trading in 2018 but eventually chose to discontinue this business as investors began to become wary. Specifically, after a 2021 rise in bitcoin, the bank started trading cryptocurrencies again. With Ether and bitcoin, Goldman Sachs offers options and futures, and it was the first significant US bank to engage in over-the-counter cryptocurrency trading.
5. Fidor Bank: It is a German-based online bank that provides its clients with services on cryptocurrencies. Customers can purchase, trade, and store cryptocurrencies within their bank account thanks to its relationships with cryptocurrency exchanges.
6. United Services Automobile Association (USAA): It is a bank that offers services to spouses, kids, and active-duty and former military personnel. Coinbase Connect is one of the financial services and solutions that USAA provides. You can link your Coinbase account to USAA via this integration.
7. Ally Bank is a well-known online bank that enables you to indirectly invest in cryptocurrencies. Although you can't actively trade cryptocurrency on the app, you may put money into trusts, Bitcoin futures, and cryptocurrency stocks that are devoted to the industry. The bank also offers many investment choices, most of which can be traded with no commission fees.
8. Bank of Quonticquontic: Both novice investors and seasoned crypto experts will benefit greatly from Logo Quontic's innovative cryptocurrency offering. Quontic won't allow you to directly trade cryptocurrencies, but you can sign up for a Bitcoin Rewards Checking account.
9. Metropolitan Commercial Ban: A US-based bank with partnerships with significant cryptocurrency exchanges like Coinbase and Gemini is Metropolitan Commercial Bank. The bank provides bitcoin firms with wire transfer services in addition to other financial services.
10. Signature Bank: Since 2018, the New York-based bank Signature Bank has assisted bitcoin entrepreneurs. The bank provides cryptocurrency clients with services like wire transfers, foreign exchange, and deposit accounts.