Fortunly's Guide
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Best Crypto-Friendly Banks

Written By
I. Mitic
May 01,2024
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

With cryptocurrency and blockchain technology revolutionizing the way we make transactions with decentralized systems, privacy, and low fees, it’s understandable that financial institutions such as banks are expanding their services. 

The continuous growth of the crypto industry has led to banks integrating blockchain and cryptocurrencies in their core services and expanding their offer to include them.

We will analyze what some of the best crypto-friendly banks have in store for their users and how this modern technology improved how they operate.

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Best Crypto-Friendly Banks in May 2024

Ally Bank Logo

Ally Bank

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Branches: None (online bank)
Savings APY: 0.55%
Monthly fees: None
Insured: FDIC
  • Online bank with Coinbase integration
  • Stock investments without commission fees
  • US only
Bankprov  Logo


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Branches: MA, NH
Savings APY: Up to 0.50%
Monthly fees: from $0 to $5,000 for businesses
Insured: FDIC, DIF
Products Offered
  • USD accounts for crypto companies
  • Bitcoin and Ether backed lending
  • API banking
Branches: No
Savings APY: Up to 1.20%
Monthly fees: $0
Insured: FDIC
Key Facts
Products Offered
  • Get $10 on your first crypto deposit
  • Two types of checking accounts
  • Convert your paycheck into crypto
Branches: AZ, CO, TX, FL, VA, MD, NY
Savings APY: From 0.05% to 0.35%
Monthly fees: None
Insured: FDIC
  • Fortune 500 company
  • Coinbase integration
  • Full range of banking services, including investing and insurance
Quick Breakdown

Best Crypto-Friendly Banks in 2024 - Our Picks:

  • BankProv - Best for Crypto Businesses 
  • Juno - Best for cashback and interest in crypto

  • Ally Bank - Best With US Crypto Exchanges
  • USAA - Best for Coinbase

Guide for Finding the Best Bank for Cryptocurrencies

In most countries, regulations considering cryptocurrencies aren’t well established. Unclear rules or their absence make it even more difficult for banks to do crypto transactions or even add it to their offer. Therefore, these banks can only be established in countries with defined rules. 

Differences Between Traditional and Crypto-Friendly Banks

If a bank has integrated systems for cryptocurrencies and offers services and online banking options, it’s reasonable to consider it as crypto-friendly. Such banks can simplify the cryptocurrency investment process, which isn’t as intuitive for beginner investors. 

Most potential investors don’t realize that creating cryptocurrency  wallets is a simple process and feel more confident if a reputable institution has direct custody over its security. Furthermore, most banks support legitimate and established coins and tokens. Therefore, if you as an investor have a dilemma in which cryptocurrency to invest in among thousands available, choosing these major projects may be a better choice long term. 

Pros of Choosing a Crypto Bank

Looking for the best bank account for cryptocurrency is currently a necessity for anyone looking to use their digital assets to make payments and transactions. Even though cryptocurrencies don’t need a banking system to work, one of the main advantages of the technology, the reality is that converting them to fiat currency is a necessity until wider adoption by countries is implemented.

Despite these issues, crypto has become one of the major investment assets and banks are increasingly recognizing that their clients want and need an easier way of getting into the market. 

Cons of Choosing a Crypto Bank

If you take a look at what banks that allow you to buy cryptocurrency have to offer to users, you’ll notice that they may lack some of the regular services traditional banks have. A bank that’s built its infrastructure around cryptocurrency, won’t necessarily have appropriate home equity loan options for you. 

Risks Associated With Cryptocurrencies

While banks on our list are legitimate institutions and opening an account with them carries no risk, investing in cryptocurrencies always carries some risk. Regular fiat currency accounts with these banks are insured with trustworthy institutions, while crypto assets are not. 

Despite the market's volatility, they’ve been some of the best-performing assets for investors and are still worth having as part of an investment portfolio.

Evaluation Criteria

Our Methodology: What Makes a Bank Crypto-Friendly?

Traditional finance institutions, including banks, have been reluctant to have anything to do with cryptocurrencies. The cryptocurrency market had a significantly smaller market cap than conventional finances, and any significant investment or sale of cryptocurrencies has led to significant price changes, leading to volatility. 

Over the last year, the cryptocurrency market surpassed $1 trillion for the first time and reached a record-breaking $3 trillion. Even with such market capitalization, the crypto market is open to everyone and available 24/7 and still subject to speculation and all the problems of early adoption of new technology. 

If you were wondering which banks support cryptocurrency nowadays, you would be surprised at the rate of fintech companies and long-established financial institutions that have implemented cryptocurrencies or are planning to.

Making a Selection

Banks that we included on our list vary significantly and show different approaches to crypto in the financial industry. We listed traditional banks with many decades of experience and new fintech companies that have a completely different idea of how finances should work. 

Since there are no established practices to be considered among the best crypto-friendly banks, that’s why we have found a diversified offer that will fit any kind of cryptocurrency investor.

There are banks that make interactions with cryptocurrency exchanges easier. Some banks will even go as far as to restrict you from using your credit card to register at an online exchange. 

Some modern banks operate online exclusively and have handy mobile applications that allow you to change multiple cryptocurrencies, set up crypto savings accounts, or sell them directly for fiat currency.


Which banks let you buy Cryptocurrency?


All crypto banks on our list have some systems of support in place for acquiring cryptocurrencies. These banks make it easier for you to interact with cryptocurrency exchanges or have the option of buying cryptocurrencies directly integrated into their service.

What banks are crypto-friendly in USA?


The best crypto-friendly banks for US citizens are BankProv, Ally Bank, Revolut, and USAA. They all make it easier to invest in Bitcoin, Ether, and other cryptocurrencies, and most of them make it easier to create accounts on exchanges like Coinbase.