Updated April 5, 2022

Crypto Friendly Banks

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Curious about which banks are crypto-friendly and which are not? Keep reading to learn which banks are open to a future on the blockchain.

Many people see crypto as a threat to the traditional financial industry.

But surprisingly, some banks are crypto-friendly. Some big banks even allow you to buy digital assets.

Whether you're looking to switch banks or want to know if your bank has any crypto integrations, this guide will break down your options.

Do any banks support crypto? More banks are starting to embrace cryptocurrencies, like Ally, and even Chase. These banks, which initially regarded cryptocurrency with skepticism and distrust, are changing their tune due to crypto's growing legitimacy. For example, crypto doesn't appear to be any more involved in criminal activities than fiat money, and transactions of Bitcoin top $10 billion daily.

Best Crypto-Friendly Banks in the USA

Though each bank has a different relationship with the crypto space, these are the banks that allow their clients to transact with crypto and cryptocurrency exchanges. The below banks are in the U.S.; if you're looking for international banks, you'll find them further down.

Note: There are varying degrees of crypto-friendliness in the banks below. Some simply offer integrations with major crypto platforms like Coinbase. Others have partnerships with exchanges. Review your needs to find the right fit for you.

1. Quontic

Quontic is a New York-based digital bank offering the first ever Bitcoin Rewards checking account.

Instead of cashback, you get 1.5% Bitcoin on all eligible debit card purchases. This gives you a chance to earn crypto and for the value to appreciate.

You get all the features of a traditional bank account, including mobile check deposits, online bill pay, and electronic transfers. Plus, get free access to over 90,000 ATMs.

The opening minimum is $500. There is no minimum daily balance requirement. Your Bitcoin rewards will never expire as long as you keep the account open.

2. Ally

Ally is an online bank that provides a range of financial services, including traditional banking, auto, and home financing, investing, corporate finance, and business-to-business lending.

Ally customers can easily link their account to Coinbase, where they'll be able to make crypto purchases directly with their debit cards. Credit card purchases may also be possible, but they'll incur fees that you could otherwise avoid.

They've even put together this helpful guide for crypto beginners.

3. Bank of America

Bank of America is one of the largest banks in the U.S., and has shown itself to be friendly to crypto, though it doesn't currently allow its users to invest in it directly.

Through one of its subsidiaries, Merrill Edge, an electronic trading platform launched in 2010, Bank of America customers can invest in ETFs (exchange-traded funds) that provide exposure to the cryptocurrency market.

One example of a blockchain ETF available on Merrill Edge is First Trust Indxx Innovative Transaction & Process Fund (LEGR), which tracks companies involved in technology related to crypto such as AMD, Baidu, IBM, Micron Technology, and Oracle.

In 2021, Bank of America also named Mark Donoghue to the position of head of digital trading, which will deal with questions related to investments in digital assets.

4. Chase

JPMorgan Chase is a multinational investment bank with headquarters in New York City. Chase offers a range of banking services for businesses and individuals, including checking and savings accounts, home loans, credit cards, auto financing, and investing services.

Chase Bank allows users to connect to the Coinbase exchange to buy and sell cryptocurrencies.

In February 2021, JPMorgan embraced blockchain technology with the creation of JPM Coin to facilitate international payments.

In August 2021, JPMorgan launched a Bitcoin fund available to all of its wealth management clients. The Grayscale and Osprey Funds are available across its various wealth management platforms, while the NYDIG fund is only open to private banking clients.

Coinbase is a solid choice for beginners just getting into crypto, but there are plenty more options out there. Check out this list of Coinbase alternatives to find the right crypto exchange for you.

5. Goldman Sachs

Goldman Sachs, an NYC-based multinational investment bank, has a mixed history with cryptocurrency trading.

Back in 2017, they planned to offer the ability to trade crypto. However, they paused it in 2018 due to concerns about the future of crypto regulation in the U.S.

In 2021, their crypto trading desk is back open. They support the trading of Bitcoin futures, in addition to considering the possibility of offering a Bitcoin ETF as part of their U.S. Global Markets division.

As of 2022, Goldman Sachs is offering interested clients access to Ethereum funds issued by Galaxy Digital with a minimum deposit of $250,000, according to SEC filing.[1]

6. Morgan Stanley

Morgan Stanley, another NYC-based multinational investment bank based, has started offering wealth management clients access to Bitcoin-related funds in 2021.

The three funds include the Galaxy Institutional Bitcoin Fund LP, the Galaxy Bitcoin Fund LP, and the FS NYDIG Select Fund.

As part of their wealth management services, Morgan Stanley provides clients with a variety of services and tools, including access to financial advisors and a range of investing options.

Interest in crypto investing for the long-term? Crypto IRAs offer a potentially tax-free or tax-deferred option for cryptocurrency investing so you can retire in comfort.


Texas-based USAA, or United Services Automobile Association, is a full-service financial institution for service members of United States Armed Forces and their families.

They offer insurance, credit cards, and auto loans as well as traditional banking services.

Not only is USAA the first major bank to invest in a cryptocurrency exchange (Coinbase), Coinbase members can also monitor their crypto balance directly through the USAA app.[2]

Best International Crypto-Friendly Banks

Cryptocurrency is a worldwide phenomenon, and banks big and small around the globe have started showing support for crypto and blockchain technology.

Here's a look at some of the banks based outside the U.S. that are crypto-friendly.

1. Bankera (UK)

Bankera is a relatively new company offering a "bank account alternative" tied to the cryptocurrency exchange SpectroCoin.

They offer personal IBANs (International Bank Account Number) to their customers that allow them to withdraw and receive funds from their SpectroCoin accounts.

Bankera also allows users to convert Bitcoin to EUR and load it onto their own debit cards. They offer other banking services such as loans and interbank foreign exchange as well.

Availability: Globally, except for U.S., Iran, North Korea, Belarus, and Russia.[3]

2. Nuri (Germany)

Formerly known as Bitwala, Nuri is a modern bank headquartered in Berlin, Germany, that has made cryptocurrency a major part of their platform.

They offer German IBANs, and support SEPA transfers and international payments through their app and desktop site.

By using Nuri for their banking, users can keep their crypto and their cash all in one place.

Availability: European Economic Area, including Switzerland and U.K. (full list of supported countries here)

3. Change (Estonia)

Change is a relatively small bank that was started after a round of investments in 2016 with the goal of making investing more accessible.

They offer crypto trading services as well as investment options in a range of traditional assets such as stocks, gold, indices, and commodities.

Change users also get a "crypto-friendly" Visa debit card

Availability: European Economic Area, including Iceland, Liechtenstein, and Norway (full list of supported countries here)

4. Fidor Bank (Germany)

Fidor Bank is online bank founded in Germany in 2009 and is now available in certain other countries in Europe.

They offer banking services to businesses and individuals, and thanks to a partnership with the cryptocurrency exchange Kraken, users can access their crypto wallets directly through their bank account dashboards.

Availability: European Economic Area/EU/EFTA

5. Revolut (UK)

As one of the newest banks on this list, Revolut was founded in the UK in 2015, and expanded to the U.S. in 2020.

They offer a variety of banking services as well as the ability to purchase Bitcoin right through their own app.

Availability: European Economic Area, Australia, Singapore, Switzerland, Japan, the United Kingdom, and the United States[4]

6. Worldcore (Czech Republic)

Worldcore, a bank in the Czech Republic founded in 2015, offers its users the ability to spend via debit and virtual cards in a range of currencies, including crypto. This makes it easier than ever to spend your crypto out in the real world.

Availability: European Economic Area

Bottom Line

There are still plenty of banks out there that are distrusting of crypto, but the trend seems clear.

As more and more people incorporate crypto into their everyday lives, be it investing or spending, or other aspects of Web3 like DAOs and NFTs, it's likely that more banks will come to accept it as a part of their future business model.

If you're looking for a crypto-friendly bank today, whether in the U.S. or abroad, you've got plenty of options to choose from, and soon enough, you'll probably have even more.


  1. ^ Securities and Exchange Commission. Notice of Exempt Offering of Securities, Retrieved 3/13/2022
  2. ^ Coinbase. How does USAA's Coinbase integration work?, Retrieved 3/13/2022
  3. ^ Bankera. Is Bankera available globally?, Retrieved 3/13/2022
  4. ^ Revolut. What countries are supported?, Retrieved 3/13/2022

Jeremy Harshman is a creative assistant at CreditDonkey, a crypto comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

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