Best Cryptocurrency Banks, Rated and Reviewed for 2024

In the rapidly evolving landscape of cryptocurrency, finding reliable banking services that cater to digital assets is essential for investors and businesses alike. Here’s a comprehensive review of some of the top Bitcoin-friendly banks and financial institutions in 2024:

Quontic

– Offered in: US
– Launched in: 2009
– Current account fee: $0
– Credit rating: A+
– Customer reviews: 4.2
– Crypto friendliness: 3.5

Highlights: Quontic stands out for its collaboration with fintech companies in the crypto and blockchain spaces. It offers a Bitcoin rewards debit card and interest-bearing crypto accounts, making it ideal for customers seeking to earn rewards for everyday purchases.

Onyx by JP Morgan

– Offered in: US
– Launched in: 2000
– Current account fee: $0
– Credit rating: A+
– Customer reviews: 1.5
– Crypto friendliness: 3.5

Highlights: Onyx, JP Morgan’s blockchain platform, provides flexibility and security for executing transactions, international payments, and trading securities. Its integration of smart contracts enables clients to customize transaction rules, enhancing transaction management capabilities.

Ally Bank

– Offered in: US
– Launched in: 2009
– Current account fee: $0
– Credit rating: BBB-
– Customer reviews: 1.7
– Crypto friendliness: 2.5

Highlights: While Ally Bank doesn’t directly support crypto trading, it offers indirect exposure through stocks, trusts, and bitcoin futures. It provides digital tools for managing financial portfolios, making it suitable for customers seeking traditional banking services with crypto investment options.

Juno

– Offered in: India, Singapore, UK, and Canada
– Launched in: 2019
– Current account fee: $0
– Credit rating: Unrated
– Customer reviews: 4.0
– Crypto friendliness: 3.5

Highlights: Juno, partnered with Evolve Bank and Trust, offers banking services including crypto deposit, trading, and withdrawal. With support for multiple cryptocurrencies and fee-free ATM access, Juno appeals to customers seeking cash and crypto rewards.

Wirex

– Offered in: UK & Europe
– Launched in: 2014
– Current account fee: Free
– Credit rating: Unrated
– Customer reviews: 3.4
– Crypto friendliness: 3.7

Highlights: Wirex provides low-cost crypto trading and interest-paying X-Accounts, offering up to 16% APY on crypto and fiat deposits. With a user-friendly platform and global accessibility, Wirex caters to crypto investors seeking convenience and competitive rates.

Monese

– Offered in: UK & Europe
– Launched in: 2013
– Current account fee: Free
– Credit rating: Unrated
– Customer reviews: 4.1
– Crypto friendliness: 4.0

Highlights: Monese offers banking services across the UK and European Economic Area, with support for multiple currencies. Its debit card functionality and digital tools make it a suitable choice for European users seeking digital banking solutions.

BankProv

– Offered in: US
– Launched in: 1828
– Current account fee: $0-$1000
– Credit rating: Unrated
– Customer reviews: 3.0
– Crypto friendliness: 3.5

Highlights: BankProv, formerly Provident Bank, offers API banking solutions and crypto-backed loan services for blockchain companies. With FDIC insurance and a long-standing reputation, BankProv caters to cryptocurrency businesses seeking reliable banking support.

Cash App

– Offered in: US, UK
– Launched in: 2013
– Current account fee: $0
– Credit rating: Unrated
– Customer reviews: 1.2
– Crypto friendliness: 3.5

Highlights: Cash App facilitates P2P payments and Bitcoin transactions, offering instant access to BTC balances. With integration with the Lightning Network and user-friendly features, Cash App appeals to users seeking hassle-free Bitcoin management.

Revolut

– Offered in: UK
– Launched in: 2015
– Current account fee: Free plan; Premium: $9.99; Metal: $16.90
– Credit rating: Unrated
– Customer reviews: 4.3
– Crypto friendliness: 3.0

Highlights: Revolut offers banking services with cryptocurrency trading, direct dI want eposits, and multi-currency accounts. Its user-friendly interface and diverse features make it suitable for users seeking digital banking solutions with crypto integration.

BitcoinIRA

– Offered in: US
– Launched in: 2016
– Current account fee: 0.99%–4.99% of initial deposit
– Credit rating: Unrated
– Customer reviews: 4.5
– Crypto friendliness: 4.0

Highlights: BitcoinIRA specializes in crypto-friendly retirement accounts, offering custodial services for Bitcoin investments. With a strong reputation and crypto-friendly features, BitcoinIRA caters to investors seeking long-term retirement planning with digital assets.

Our Top Cryptocurrency Bank Picks:

• For corporate US customers: BankProv and Quontic
• For UK and European customers: Monese
• For customers in India, Singapore, and Canada: Juno
• For US customers: BitcoinIRA

Conclusion:

Crypto-friendly banks offer essential financial services for investors and businesses involved in digital assets. While these banks vary in offerings and jurisdictional availability, they provide avenues for secure storage, trading, and management of cryptocurrencies. Users should conduct thorough research and consider their specific banking needs before selecting a Bitcoin-friendly bank.