IImagine this: You’re all set to step into the world of cryptocurrency. You’ve got your crypto wallet ready, Bitcoin is on your radar, and the potential to grow your investments excites you. But then, reality hits—how do you even begin to navigate the murky waters of crypto transactions with your regular bank? It’s no secret that many traditional banks shy away from cryptocurrency, leaving crypto enthusiasts like you wondering, “Is there a financial institution that truly understands my needs?”
The good news? Yes, there is! In fact, there’s more than one. Welcome to the generation of crypto-friendly banks, where innovation meets finance, and flexibility is the new norm. These banks aren’t just a bridge between fiat and cryptocurrency; they’re pioneers in making it easier for you to manage digital assets seamlessly.
If you’re into crypto or just starting out, picking the right banks is really important. You want to know which ones are helpful and trustworthy. So, let’s check out the best crypto-friendly banks in the USA and other places. Good choices can make a big difference in your financial success.
Table Summarizing the Details of the Best Crypto-friendly Banks:
| Bank Name | Regulatory Compliances | Security Features | Fees & Charges | Withdrawal Limit | Tax & Reporting Assistance |
| Revolut | UK FCA & European regulations | Advanced encryption, 2FA | Variable fees, free basic transactions | High withdrawal limits for premium users | Tax reporting tools available |
| Wirex | Licensed in the UK, E-Money Institution (FCA) | 2FA, Secure Debit Cards, Bank-Level Encryption | Free ATM withdrawals (partner network), Low Fees | Varies based on card type and region | Offers transaction records and statements for tax reporting |
| Chase | US regulated (FDIC-insured) | Blockchain security, 2FA | Standard banking fees, additional for blockchain services | Varies by account type | Offers tax documentation |
| Monzo | UK FCA regulated | Biometric authentication, 2FA | No monthly fees, or transaction fees apply | Standard UK banking limits | Basic tax reporting support |
| Ally Bank | FDIC-insured | Bank-grade encryption, fraud protection | No extra fees for crypto transactions | Varies by platform | Not directly supported |
| Mercury Bank | US-regulated (FDIC-insured partner banks) | 2FA, End-to-end encryption | No monthly fees, or transaction fees apply | No fixed withdrawal limit | Basic tax reporting tools available |
Best Crypto-Friendly Banks
If you want to manage your digital money and regular banking together, you need a bank that gets both. Here’s a list of some of the best crypto-friendly banks. They offer security, flexibility, and smart services. Here’s a curated list:
1. Mercury
Mercury is a fintech business bank tailored for startups, Web3 companies, and crypto-friendly firms. It simplifies financial management with advanced tech tools such as automated accounting, risk management, and customizable user access. While Mercury doesn’t hold crypto directly, it allows seamless bank transfers to major crypto exchanges like Coinbase and Gemini.
Key Features:
- Regulatory Compliance: Partners with FDIC-insured banks, ensuring legal protection.
- Security Features: End-to-end encryption, Two-Factor Authentication (2FA).
- Fees & Charges:
- Mercury Business Checking: $0 (No monthly fees).
- Mercury Plus: $35/month.
- Mercury Pro: $350/month.
- Withdrawal Limit: No set limits; depending on account type and transactions.
- Tax & Reporting Assistance: Integrates with QuickBooks and Xero for automated tax reporting.
Why Mercury?
Mercury is the best choice for crypto startups and Web3 companies that need an easy-to-use banking platform without high fees. It allows unrestricted crypto purchases and smooth bank transfers to exchanges. While Mercury doesn’t provide direct crypto trading, its banking features are highly crypto-friendly.
1. No fees for wire transfers (domestic and international).
2. Unlimited transactions with no monthly fees for the Business Checking plan.
3. Supports both physical and virtual debit cards.
4. Offers advanced accounting automation (available under a subscription plan).
5. Provides access to an investor database, the Mercury Raise program, and SAFE investments.
Pros:
- No monthly fees for Business Checking
- No restrictions on crypto purchases
- FDIC insurance coverage of up to $5 million
- Earn yield from Mercury Treasury
Cons:
- No support for cash deposits
- Cannot open sole proprietorship or trust accounts
- Non-interest-bearing checking and savings accounts
2. Wirex
Wirex is not a traditional bank, but it has become a significant player in the crypto-financial services world. By bridging the gap between traditional currencies and cryptocurrencies, Wirex offers users a seamless experience for managing both. It supports over 250 crypto assets and provides a versatile payment system using both fiat and digital currencies.
Key Features of Wirex:
- Web3 Platform: Wirex operates a decentralized Web3 platform with zero currency exchange fees, making it a standout in the crypto-financial space.
- WXT Token: The native WXT token can be used for decentralized finance (DeFi) operations and offers 8% cashback on card payments.
- Debit Card Services: Wirex provides secure debit card services for both crypto and fiat, allowing users to shop using cryptocurrencies or withdraw them at ATMs.
- Free ATM Withdrawals: Wirex has partnered with a network of ATMs for free withdrawals, making it easier for users to access their funds without incurring extra charges.
- Cross-Chain Exchanges: Wirex supports cross-chain exchanges with instant settlement, allowing for quicker transfers between various cryptocurrencies.
Why Wirex?
Wirex stands out for individuals seeking a complete solution to manage both crypto and traditional currencies in one place. In 2025, as crypto adoption grows, Wirex has positioned itself as a reliable service with low fees, offering flexibility and an easy-to-use platform. Its combination of cryptocurrency and fiat solutions is especially attractive to people looking for easy ways to use crypto in day-to-day life.
Pros
- Wide global coverage in 130+ countries.
- Low fees and free ATM withdrawals through partner networks.
- User-friendly interface for both beginners and experienced users.
- Offers up to 8% cashback on WXT token payments.
Cons
- It is not a traditional bank, limiting some banking features.
- Availability of certain features may vary by region.
- Withdrawal limits depend on card type and location.
3. Chase
Chase stands out as a traditional bank with a forward-thinking approach to blockchain. Its Onyx platform facilitates seamless digital asset transactions, while its JPM Coin ensures instant payments for institutional clients. Though it doesn’t allow direct crypto trading, Chase enables secure transfers to regulated crypto exchanges.
Key Features:
- Regulatory Compliance: Adheres to FinCEN regulations, ensuring secure crypto transactions.
- Security Features: Fraud protection, built-in card security, and Chase Bank QuickBooks integration.
- Fees & Charges:
- Business Complete Banking: $15/month (waivable with a $2,000 balance or eligible transactions).
- Performance Business Checking: $30/month (waivable with a $35,000 balance).
- Platinum Business Checking: $95/month (waivable with a $100,000 balance).
- Withdrawal Limit: $5,000 free cash deposits per month for entry-level accounts.
- Tax & Reporting Assistance: Integrated with QuickBooks for seamless accounting.
Why Choose Chase?
Chase is ideal for businesses looking for a reliable, crypto-friendly bank with strong traditional backing. Its blockchain innovations, extensive branch network, and business banking solutions make it a top choice for those managing digital and fiat assets.
1. Onyx blockchain for fast payments
2. Unlimited electronic transactions
3.No opening deposit or minimum balance
4. Up to $500 cashback for new accounts
Pros
- $5,000 free cash deposits per month
- Seamless digital banking and fraud protection
- Cashback bonus of up to $500 (conditions apply)
- Available in 48 states with branch access
Cons
- No interest in checking accounts
- Only 20 free paper transactions per month
- $3 ATM fee for non-Chase ATMs (waived for premium accounts)
- A high balance required to waive fees for premium accounts
4. Revolut
Revolut is a fintech powerhouse catering to global businesses with seamless multi-currency transactions and low-cost international transfers. While its crypto services are limited in the U.S., overseas companies can trade over 120 cryptocurrencies, including BTC, ETH, and XRP, via Revolut X, its dedicated crypto exchange.
Key Features:
- Revolut X: Flat trading fees (0%–0.09%) with in-depth analytics.
- Multi-Currency Accounts: Hold and exchange 25+ currencies and transact in 150 currencies.
- Fee Structure:
- Basic: £0/month
- Grow: £19/month
- Scale: £79/month
- Enterprise: Custom pricing
- Secure & Fast Transfers: Low-cost local and international transactions.
- Business Banking Tools: Expense tracking, QuickBooks & Xero integration, and locked-in fixed exchange rates for 12 months.
Why Choose Revolut?
For businesses operating internationally, Revolut simplifies payments and currency management with competitive exchange rates and seamless banking solutions.
1. Holds & exchanges 25+ currencies
2. Low-cost international transfers
3. In-app crypto trading with Revolut X
4. No monthly fees for basic accounts
Pros
- Free basic business account
- Trade 120+ cryptocurrencies
- Fast & secure multi-currency transfers
- 24/7 encrypted customer support
Cons
- Fee-free transfers only on paid plans
- A 2% ATM withdrawal fee applies to all plans
- Free accounts lack custom access controls
5. Monzo
Monzo is a leading UK digital bank, fully regulated by the Financial Conduct Authority (FCA). While it doesn’t offer direct crypto trading, you can transfer funds to authorized exchanges. Its intuitive app and seamless integrations make it a top choice for UK businesses.
Key Features:
- Account Tiers:
- Lite (£0/month) – Fee-free transfers
- Pro (£9/month) – Accounting integrations & invoicing (First month free)
- Team (£25/month) – Multi-user access & virtual cards
- Fast Account Setup: 91% of business accounts are opened same-day
- Global Transfers: Send & receive payments in 40+ currencies across 70+ countries
- Seamless Integrations: Supports Xero, QuickBooks, and FreeAgent
- Savings & Expense Tools: Earn interest via Savings Pot and manage team expenses
Why Choose Monzo?
With a highly rated app, quick transactions, and effortless integration with accounting tools, Monzo is a smart choice for UK businesses managing both fiat and crypto-related transfers.
1. No monthly fee for Lite accounts
2. Top-rated digital banking experience
3. Instant UK transfers & international payment support
4. FSCS protection up to £85,000
Pros
- No monthly fee for Lite accounts
- Supports 40+ currencies
- Fast same-day account setup
Cons
- £1 fee for cash deposits at PayPoint/Post Office
- 1% foreign currency conversion fee
6. Ally Bank
A digital-only bank that offers indirect crypto services through integrations.
Key Features:
- Support for crypto investments via third-party platforms.
- No monthly maintenance fees.
- Round-the-clock customer service.
Supported Cryptos: Indirectly supports BTC, ETH, and others through exchanges.
Why Choose Ally Bank?
A great option for users wanting to dip their toes into crypto without fully committing.
Pros
- No monthly fees – No maintenance charges are charged to checking and savings accounts.
- High-Interest Savings – Competitive APY on savings accounts.
- Seamless Crypto Investing – Supports crypto trading via third-party exchanges.
- 24/7 Customer Support – Always available for assistance.
- User-Friendly Digital Banking – Fully online with a great mobile app.
Cons
- No Direct Crypto Trading – Crypto investments require third-party platforms.
- No Cash Deposits – Being an online-only bank, depositing cash is inconvenient.
- Limited ATM Network – ATM withdrawals may incur fees outside Allpoint ATMs.
- No Physical Branches – No in-person banking services
What Makes These Banks Stand Out?
Let’s break it down further. What exactly makes these banks the best crypto-friendly banks in the USA and beyond?
- Seamless Integration with Crypto Exchanges: Banks like Monzo offer platforms that allow you to move funds between your bank account and crypto exchanges effortlessly. No more waiting days for transactions to clear!
- Low Fees: Let’s be honest—no one likes paying hefty fees. Banks like Revolut and Ally offer low or no fees for crypto transactions, making it easier for you to manage your investments.
- Innovative Products: Wirex’s crypto debit cards are game-changers. Imagine earning Bitcoin just by using your debit card or spending crypto like cash!
- Security and Trust: With JPMorgan Chase and Ally Bank, you get the security of a traditional bank combined with forward-thinking crypto services. It’s the best of both worlds.
- Startup-Friendly Options: If you’re running a crypto startup, Mercury Bank offers tailored services to help you grow your business.
How to Pick the Best Crypto-Friendly Banks
When looking for the best crypto-friendly banks, check out a few important things:
- Transaction Fees: What do you pay for crypto transactions?
- Customer Support: Is help available, and how fast can you get it?
- ATM Network: Can you access a good number of ATMs?
- Business Services: Do they offer things like checking accounts and credit cards for businesses?
- Monthly Fees & Waivers: What are the account charges? How can you skip them?
- ATM Fees & Limits: What do you pay to use ATMs? Are there limits on how much you can take out?
- In-App Trading: Is there a way to trade crypto right in the bank’s app?
- Crypto Services: Can you buy, sell, or move digital assets easily?
- Cash Deposits: How can you put cash into your account?
- Account Features: Do they have things like virtual cards and access for multiple users?
Pros and Cons of Crypto-Friendly Banks
The world is changing and more people are getting into cryptocurrencies. Now, some banks are friendly towards these digital coins. They can help connect regular banking with crypto.
These banks have some great benefits, but they also have a few downsides. Let’s look at the good and the bad so you can decide what’s best for you.
Pros of Crypto-Friendly Banks
- Seamless Fiat-to-Crypto Integration
- Faster and Cheaper Transactions
- Enhanced Security Features
- Accessibility to Crypto Services
- Regulatory Compliance
- Innovative Financial Solutions
Cons of Crypto-Friendly Banks
- Limited Geographical Availability
- The volatility of Crypto Assets
- Complex Fee Structures
- Learning Curve for New Users
- Regulatory Uncertainty
- Potential for Cyber Threats
Conclusion
Banking is changing fast, and some banks are getting friendly with crypto. These best crypto-friendly banks are helping to make finance more open and efficient. If you’re a crypto pro or just starting out, these banks can help you mix traditional money with the new world of digital currencies.
Like everything else, there are good and bad sides to this. But really, what in life doesn’t have its challenges? The trick is to find a bank that matches your money goals and gives you the right tools to do well.
The rise of crypto-friendly banks is more than just cash. It’s about helping you take charge of your money in new ways. With safe storage, easy ways to exchange cash, and trading tools, you have many options.
Navigating the world of the best crypto-friendly banks can be thrilling, but managing the tax implications of your digital assets? That’s where things get tricky. Don’t let the complexities of crypto taxes bog you down—ZenLedger is here to simplify it all.
So, as you explore the opportunities with crypto-friendly banks, let ZenLedger handle the numbers. No need to stress when you can keep things simple!
ZenLedger can help you easily calculate your crypto taxes, and also find opportunities for you to save money and trade smarter. Get started for free now or learn more about our tax professional-prepared plans!
Disclaimer: This material has been prepared for informational purposes only, and is not intended to provide tax, legal, or financial advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
