Best Crypto Banks – Top 5 Choices Worth Using

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By Austin DeNoce

Last Updated

Best-Crypto-Banks

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While crypto prides itself on being the financial outsider built to empower the bankless, not everyone is interested in self-custody or giving up the luxuries of more traditional banking solutions.

Luckily, crypto is catching on in the mainstream, driving more and more crypto-friendly banks to extend some of their banking services to this burgeoning asset class.

While there is still a short list of traditional banks and financial institutions dipping their toes into digital assets, crypto savings and investment accounts are no longer limited to crypto exchanges or esoteric crypto trading platforms.

As such, we’ll be exploring some of the best crypto-friendly banks where you can park, purchase, or access your crypto assets with the safety and familiarity of more traditional bank operations.

Best Crypto Banks

Below is a quick list of the best crypto banks:

  • Juno
  • Revolut
  • Bankprov
  • SoFi
  • USAA

Juno

First up is Juno, an all-in-one crypto-friendly checking account specializing in full-service USD banking solutions for cryptocurrencies and other digital assets.

Juno

Juno offers a diverse suite of financial services with its crypto and traditional bank account, credit card, debit card, and crypto trading, where users can buy, sell, and store assets like BTC, ETH, MATIC, and USDC.

Like non-crypto banks, all USD cash balances held with Juno are fully protected by FDIC insurance, so you won’t have to live in fear of losing any of your cash holdings.

Unlike most banks, however, Juno offers a checking account that earns 5%, lets you spend crypto on everyday purchases, and even lets you receive your paycheck direct deposit in crypto.

Juno - Checking Account

And finally, Juno enables instant on and off-ramps to crypto via CashApp, Zelle, and Venmo through its JunoPay, making it one of the most robust banking solutions in the fiat currency and crypto space.

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 technology company that offers a wide range of banking services, including crypto and traditional bank accounts, debit cards, digital payments, stock and commodity trading, and cryptocurrency payments and exchanges.

Revolut

With its suite of financial products catering to both the fiat- and crypto-centered economy, Revolut is an all-in-one digital alternative to traditional banking where you can manage all your different bank accounts and crypto assets in one place.

Through Revolut, users can buy, sell, and send 30+ cryptos directly from the app, stay up to date on crypto market news, and even round up their spare change into crypto.

Revolut - Buy, Sell Or Send

By marrying the worlds of crypto and traditional banking with crypto and non-crypto savings accounts, payment systems, and FDIC insurance for Savings Vault deposits, Revolut is a top-notch crypto bank for this evolving digital world. 

Key Features

  • Link multiple bank accounts
  • Stock, commodity, currency, and crypto trading
  • Peer-to-peer payment systems

Bankprov

Bankprov offers adaptive and technology-driven banking-as-a-service solutions such as deposit services, specialty lending, and full-service USD banking products for crypto.

Bankprov

Bankprov is an over 200-year-old commercial bank with a long history of supporting business operations with its checking products, cash management, and online and mobile banking, but has expanded its services into the world of digital assets.

Bankprov now offers many of its fiat banking products for all business types in the cryptocurrency space, including crypto-backed lending options, a full API banking suite, and various crypto payment solutions.

Bankprov - Financial Solutions

Given its focus on business, Bankprov won’t be suited for personal banking needs, but it should serve as a full-service banking solution for any business with 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 a wide range of financial services.

Sofi

Through SoFi, users can buy, sell, and store 30 different cryptocurrencies 24/7 and view all those investments alongside any stocks or ETFs in their traditional investment portfolio.

By combining checking/savings accounts, traditional investment services, and crypto solutions, SoFi offers a safe and easy way to manage all your finances in one place.

Sofi - Safe Financing Management

Key Features

  • Savings/checking accounts
  • Brokerage account for investments
  • Supports 30 cryptocurrencies

USAA

USAA (United Services Automobile Association) may seem like an unlikely candidate for this list as a banking company only serving military members and their families, but it offers a wide range of financial services, including crypto ones those members may appreciate.

Usaa

Through its partnership with Coinbase, USAA allows users to easily connect their account and view all their crypto transactions and balances in the USAA Financial Account Management center.

Navigating back and forth between accounts can be tiresome, so putting everything under one roof with the USAA platform should make monitoring your crypto balances more accessible and familiar.

Usaa - Everything In One Place

All that being said, USAA doesn’t allow users to buy or sell crypto directly from its platform, so it would simply be for the convince of aggregating all your accounts into one place.

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 carefully reviewing all these crypto-friendly banks, you’ll likely find they all serve different purposes that may be more or less appealing to different people.

Juno and Revolut are state-of-the-art banking solutions that do an excellent job of marrying the world of traditional bank accounts and banking services with crypto assets and their own suite of evolving services.

However, if you are a business that deals directly or indirectly with crypto, using Bankprov’s professional business solutions may be more suited to your particular situation.

Moreover, if you are looking for a seamless way to integrate your checking account, investment portfolio, and crypto asset holdings, SoFi is one of the best and most reputable options.

Finally, if you are one of the millions locked into USAA, rest assured that a Coinbase integration is just a few clicks away, and you can easily monitor all your crypto balances alongside the rest of your accounts.

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Austin DeNoce

Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology.

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