While crypto positions itself as the financial outsider designed to empower the bankless, not everyone wants self-custody or to abandon the conveniences of traditional banking solutions.
Fortunately, crypto is gaining mainstream acceptance, driving more crypto-friendly banks to extend their banking services to this emerging asset class.
Although traditional banks and financial institutions embracing digital assets remain limited, crypto savings and investment accounts are no longer restricted to crypto exchanges or specialized trading platforms.
Below, we’ll explore some of the best crypto-friendly banks where you can store, purchase, or access your crypto assets with the security and familiarity of established banking operations.
Best Crypto Banks
Here’s our curated list of the top crypto banks:
- Juno
- Revolut
- Bankprov
- SoFi
- USAA
Juno
First up is Juno, an all-in-one crypto-friendly checking account that specializes in comprehensive USD banking solutions for cryptocurrencies and other digital assets.
Juno provides a comprehensive suite of financial services including crypto and traditional banking accounts, credit and debit cards, and crypto trading where users can buy, sell, and store assets like BTC, ETH, MATIC, and USDC.
Like traditional banks, all USD cash balances held with Juno are fully protected by FDIC insurance, ensuring your cash holdings remain secure.
Unlike most banks, Juno offers a checking account that earns 5%, allows you to spend crypto on everyday purchases, and enables direct deposit of your paycheck in crypto.
Additionally, Juno provides instant crypto on and off-ramps via CashApp, Zelle, and Venmo through JunoPay, making it one of the most robust banking solutions bridging fiat and crypto.
Key Features
- Full-service USD banking solutions for cryptocurrencies
- Bank Account, credit card, debit card, crypto trading
- Crypto direct deposit and JunoPay crypto purchases
Revolut
Revolut is a financial technology company offering comprehensive banking services, including crypto and traditional accounts, debit cards, digital payments, stock and commodity trading, and cryptocurrency exchange services.
With its suite of financial products serving both fiat and crypto markets, Revolut functions as an all-in-one digital alternative to traditional banking where you can manage multiple accounts and crypto assets from a single platform.
Through Revolut, users can buy, sell, and send over 30 cryptocurrencies directly from the app, stay current with crypto market news, and automatically round up spare change into crypto investments.
By seamlessly integrating crypto and traditional banking through savings accounts, payment systems, and FDIC insurance for Savings Vault deposits, Revolut stands out as an exceptional crypto bank for today’s digital economy.
Key Features
- Link multiple bank accounts
- Stock, commodity, currency, and crypto trading
- Peer-to-peer payment systems
Bankprov
Bankprov delivers adaptive and technology-driven banking-as-a-service solutions including deposit services, specialty lending, and comprehensive USD banking products for crypto businesses.
With over 200 years of history supporting business operations through checking products, cash management, and online banking, Bankprov has successfully expanded its services into the digital asset space.
Bankprov now extends many of its traditional banking products to all business types in the cryptocurrency sector, including crypto-backed lending options, comprehensive API banking suites, and various crypto payment solutions.
Given its business focus, Bankprov won’t suit personal banking needs, but it excels as a comprehensive banking solution for any business handling crypto payments or products.
Key Features
- Business accounts with 100% deposit insurance
- Checking products, cash management, online and mobile banking
- API solutions, client-to-client transfers, Bitcoin ATMs, and crypto-backed lending
SoFi
SoFi is an FDIC-insured, nationally chartered, crypto-friendly bank and brokerage platform where users can access and manage loans, investments, business solutions, cryptocurrencies, and diverse financial services.
Through SoFi, users can buy, sell, and store 30 different cryptocurrencies around the clock and view these investments alongside any stocks or ETFs in their traditional investment portfolio.
By combining checking and savings accounts, traditional investment services, and crypto solutions, SoFi provides a secure and streamlined way to manage all your finances from one platform.
Key Features
- Savings/checking accounts
- Brokerage account for investments
- Supports 30 cryptocurrencies
USAA
USAA (United Services Automobile Association) may seem an unlikely candidate for this list as a banking company exclusively serving military members and their families, but it offers extensive financial services, including crypto features those members may find valuable.
Through its partnership with Coinbase, USAA enables users to seamlessly connect their accounts and view all crypto transactions and balances within the USAA Financial Account Management center.
Constantly switching between accounts can be tedious, so consolidating everything within the USAA platform makes monitoring crypto balances more accessible and familiar.
However, USAA doesn’t allow users to buy or sell crypto directly from its platform, so it simply provides the convenience of aggregating all your accounts in one location.
Key Features
- Partnership with Coinbase crypto exchange
- Allows users to monitor crypto balances directly from the USAA account manager
- Can’t buy or sell crypto from the platform
Conclusion: Best Crypto Banks
After thoroughly reviewing these crypto-friendly banks, you’ll discover they each serve distinct purposes that may appeal differently to various users.
Juno and Revolut represent cutting-edge banking solutions that excel at bridging traditional banking services with crypto assets and their evolving service offerings.
For businesses dealing directly or indirectly with crypto, Bankprov’s professional business solutions may better suit your specific requirements.
If you’re seeking seamless integration between your checking account, investment portfolio, and crypto holdings, SoFi ranks among the most reputable options available.
Finally, if you’re among the millions using USAA, the Coinbase integration is easily accessible, allowing you to monitor all crypto balances alongside your other accounts effortlessly.
