Finding the right crypto-friendly bank is essential if your business works with digital assets. As cryptocurrency adoption continues to grow, the best options are those that support secure transfers, transparent fees, and reliable access to crypto platforms. This guide evaluates the best crypto-friendly banks, helping you choose the right account for managing and moving funds between traditional banking and digital assets.
| Provider | Best for | Rating out of 5 |
|---|---|---|
| Mercury | Best overall crypto-friendly fintech | 4.34 |
| U.S. Bank | Best for institutional investors seeking a cryptocurrency custodian | 4.32 |
| Chase | Best traditional bank with a blockchain platform | 4.26 |
| Revolut | Best for international-based firms with frequent transfers | 4.23 |
| Monzo | Best for UK-based companies | 4.16 |
Best crypto-friendly banks quick comparison
To make managing your digital assets easier, I’ve compiled a list of the best banks for cryptocurrency. Whether you need an innovative fintech solution like Mercury or a traditional bank with blockchain support like Chase, this roundup of crypto-friendly banks covers a wide range of business needs.
Methodology
To build this list of the best crypto-friendly banks, I focused on financial institutions and fintech platforms that support businesses interacting with digital assets, either through direct services or reliable transfer capabilities. My goal was to highlight options that make it easier to move funds between traditional banking systems and crypto platforms while maintaining security and compliance.
Each provider was evaluated using consistent criteria that reflect how businesses choose banking partners in real-world scenarios, including the following categories:
Pricing & value: I reviewed account fees, transaction costs, and overall pricing transparency to understand the long-term value for businesses of different sizes.
Core features: I evaluated each bank’s primary capabilities, including support for crypto-related transfers, custody services, or in-app crypto functionality where available.
Ease of use: I considered account setup, platform navigation, and overall user experience to determine how accessible each option is for business users.
Integrations: I reviewed how well each bank connects with crypto exchanges, fintech tools, and business software to support seamless financial workflows.
Security & compliance: I assessed each provider’s approach to regulatory compliance, fraud prevention, and account protections, especially in relation to digital asset activity.
Reputation & reliability: I incorporated publicly available information about each provider’s track record, stability, and standing in the financial services industry.
All findings were based on information available from each provider’s official website and product documentation to ensure accuracy and consistency.
Mercury: Best overall crypto-friendly fintech
My rating: 4.34 out of 5
Mercury is my top choice for crypto startups and Web3 businesses thanks to its unrestricted support for crypto-related transactions. It enables seamless, fee-free wire transfers to major exchanges like Coinbase and Gemini, displays your business name on outbound wires, and imposes no limits on crypto purchases. Those make it ideal if your company operates in the blockchain space.
While Mercury doesn’t hold crypto directly, it offers everything needed to manage fiat alongside crypto activity, including advanced security, automated financial tools, and FDIC insurance up to $5 million. If you need a compliant, crypto-friendly platform, it has one of the best small business checking accounts available.
For details on pricing and key features, read our review of Mercury.
Monthly fee
- Mercury Business Checking: $0
- Mercury Plus: $35
- Mercury Pro: $350
Crypto-specific features
- Unrestricted crypto transactions: Facilitates seamless wire transfers to major crypto exchanges like Coinbase and Gemini.
- Web3 company support: Has tailored banking solutions for blockchain, NFT, and decentralized companies.
- Integrated financial tools: Offers advanced accounting automation and risk management tools suitable for crypto startups.
Security features
- Advanced encryption: Employs 256-bit encryption to secure data transmission and storage.
- Multi-factor authentication (MFA): Ensures secure account access through MFA protocols.
- Real-time monitoring: Implements real-time transaction monitoring to detect suspicious activities.
- FDIC insurance: Provides up to $5 million in FDIC insurance through partner banks.
General features
- No incoming and outgoing wire fees, domestic and international in USD
- Physical and virtual debit cards
- 1.5% cash back on all credit card spend
- QuickBooks and Xero integrations
- Vendor payments via wires, ACH, and checks
- Advanced accounting automation available under a subscription plan
- Mercury investor database, Mercury Raise program, and SAFE available
- Earn yield from Mercury Treasury
Pros and cons
| Pros | Cons |
|---|---|
| Unlimited transactions and no monthly fees | No cash deposit support |
| No restrictions for crypto purchases | Cannot open sole proprietorship and trust accounts |
| FDIC insurance coverage of up to $5 million | Checking and savings accounts do not earn interest |
U.S. Bank: Best for institutional investors seeking a cryptocurrency custodian
My rating: 4.32 out of 5
I recommend U.S. Bank for institutional investors needing secure, regulated cryptocurrency custody alongside traditional banking. Through its partnership with NYDIG, it offers crypto custody services starting with Bitcoin, allowing you to manage digital assets, cash, and securities in one place.
This full-service bank is on my list of the best crypto-friendly banks because it provides business checking options like the no-fee Business Essentials Checking account and high-tier accounts with waivable fees. With institutional-grade security and crypto support under strict regulatory standards, U.S. Bank offers a rare combination of custody and commercial banking in a single platform.
Read our U.S. Bank business checking review for more information on fees and features.
Monthly fees
- Business Essentials: $0
- Gold Business Checking: $20; waivable by having any of these:
- A U.S. Bank Payment Solutions Merchant account
- $10,000 average collected balance
- $20,000 combined average collected business deposit balances
- $50,000 combined average collected business deposits and outstanding credit balances
- Platinum Business Checking: $30; waivable by having any of these:
- A U.S. Bank Payment Solutions Merchant account
- $25,000 average collected balance
- $75,000 combined average collected business deposits and outstanding credit balances
Crypto-specific features
- Cryptocurrency custody services: Offers custody solutions for institutional investment managers, starting with Bitcoin, with plans to support additional cryptocurrencies.
- Partnership with NYDIG: Collaborates with NYDIG as the first crypto sub-custodian in its network.
Security features
- Institutional-grade security: Provides secure custody services tailored for institutional clients.
- Regulatory compliance: Ensures services meet regulatory standards for digital asset custody.
General features
- Multiple business checking and money market account options
- QuickBooks and ADP integrations
- Zelle, point-of-sale (POS) solutions, and cash management services
- Overdraft protection
- Check fraud prevention services
- Merchant services and remote deposit capture
- Lending options include SBA loans, lines of credit, term loans, and medical practice financing
Pros and cons
| Pros | Cons |
|---|---|
| Welcome bonus of $400 | Minimal interest is offered for interest-bearing checking products |
| Online account opening | Steep balances are required to waive monthly fees for high-tier accounts |
| No monthly fee for basic tier checking | Low free cash deposit limit for basic accounts |
| Fee-free withdrawals at the MoneyPass network | $100 opening deposit |
Chase: Best traditional bank with a blockchain platform
My rating: 4.26 out of 5
I consider Chase among the top traditional banks for crypto-focused businesses, thanks to its Kinexys (formerly Onyx) blockchain platform, which enables fast, secure digital asset and payment transfers. While it doesn’t support direct crypto trading, Chase allows fund transfers to regulated exchanges and supports institutional clients with JPM Coin for real-time settlement.
You can benefit from Chase’s robust banking lineup, including the Business Complete Banking® account with unlimited digital transactions, a $5,000 monthly cash deposit limit, and a $500 bonus for new customers. With nationwide branches and blockchain infrastructure, Chase blends traditional banking with crypto-friendly innovation.
For details on key features, see our Chase business checking review.
Monthly fees
- Chase Business Complete Banking: $15; waivable by having any of these:
- $2,000 average daily balance (ADB)
- $2,000 Chase Ink Business Cards spend
- $2,000 in deposits from Chase QuickAccept or other eligible Chase Payment Solutions® transactions
- Linked Chase Private Client CheckingSM, JPMorgan Classic Checking, or Private Client Checking Plus account
- Meet Chase Military Banking requirements
- Chase Performance Business Checking: $30; waivable by meeting a $35,000 or greater combined ADB in qualifying business deposit accounts
- Chase Platinum Business Checking: $95; waivable by meeting a $100,000 combined ADB across qualifying business deposit and investment accounts ($50,000 is the required ADB for a linked Private Client CheckingSM, JPMorgan Classic Checking, or Private Client Checking Plus account)
Crypto-specific features
- Kinexys digital assets platform: Provides blockchain infrastructure for asset tokenization and digital asset management.
- JPM Coin integration: Facilitates real-time, blockchain-based payments for institutional clients.
Security features
- Blockchain-based security: Leverages blockchain technology to enhance transaction security and transparency.
- Regulatory compliance: Adheres to financial regulations to ensure secure digital asset transactions.
General features
- Digital banking and branch locations in 48 states
- Free associate and employee debit cards upon request
- Chase Bank QuickBooks integration
- Built-in card acceptance through its mobile app
- Fraud protection services
- Payment and invoicing services are available via Chase Payment Solutions®
- Online and branch customer support
Pros and cons
| Pros | Cons |
|---|---|
| $5,000 free cash deposits monthly for entry-level accounts | No interest earnings |
| Unlimited electronic transactions | Only 20 fee-free paper transactions |
| Up to $500 cashback bonus for new accounts (conditions apply) | $3 ATM fee when using nonnetwork (waived for higher-tier accounts). |
| No required opening deposit and minimum balance | High balances to waive the monthly fees for premium checking |
Revolut: Best for international-based firms with frequent transfers
My rating: 4.23 out of 5
Revolut is my top recommendation for global businesses that trade crypto and make frequent cross-border payments. Its Revolut X platform supports over 200 cryptocurrencies with low trading fees (0% to 0.09%) and advanced tools like real-time charts and wallet integration. While crypto features are unavailable in the US, international users can buy, sell, and transfer digital assets with ease.
You can also open local accounts in USD, EUR, and GBP, hold and exchange over 25 currencies, and spend in 150 currencies. With multi-currency support, low-cost transfers, and in-app crypto trading, Revolut is one of the best banks for crypto outside the US.
Monthly fees for UK business accounts
- Basic: £0
- Grow: £19
- Scale: £79
- Enterprise: Custom
Why I chose it
Despite its limited crypto services in the U.S., I still find Revolut among the best banks for cryptocurrency since overseas-based companies can easily transfer multiple tokens from their wallets to Revolut. What makes Revolut truly unique is its in-app trading platform, Revolut X, offering flat fees from 0% to 0.09%, regardless of your trading volume. You can also access trading charts and detailed analytics to make better decisions. Plus, Revolut offers 24/7 encrypted customer support.
Revolut’s business accounts have several advantages: you can open local accounts in USD, EUR, and GBP, hold and exchange over 25 currencies, and spend in 150 currencies. Local and international transfers are low-cost, and Revolut offers an expense management tool to track business spending.
Monthly fees for UK business accounts
- Basic: £0.
- Grow: £19.
- Scale: £79.
- Enterprise: Custom.
Crypto-specific features
- Revolut X platform: Offers dedicated crypto exchange with advanced trading features, including analytical tools and lower fees (unavailable in the US).
- Wide cryptocurrency support: Allows buying and selling of over 200 cryptocurrencies directly through the app.
- Wallet integration: Supports deposits and withdrawals between Revolut accounts and external wallets.
Security features
- End-to-end encryption: Secures all data transmissions with robust encryption protocols.
- Biometric authentication: Utilizes biometric methods for secure app access.
- Real-time alerts: Provides instant notifications for all crypto transactions to monitor account activity.
General features
- Physical cards and virtual cards
- Multiple available local account options, e.g., USD, EUR, and GBP
- Savings with APY
- QuickBooks, Xero, and Sage integrations
- Forward currency contracts with locked-in fixed rates for 12 months
- Various payment acceptance tools
Pros and cons
| Pros | Cons |
|---|---|
| No monthly fees for basic checking | Fee-free international transfer allocations exclusive to paid plans |
| Hold and exchange over 25 currencies | 2% ATM withdrawal fees regardless of amount or subscription plan |
| Speedy local and international payments with free transaction allowances depending on your plan | Custom account access is unavailable for the free plan |
Monzo: Best for UK-based companies
My rating: 4.16 out of 5
I picked Monzo as one of the top crypto-friendly digital banks for UK businesses, offering secure payments to authorized exchanges like Coinbase. Regulated by the Financial Conduct Authority (FCA), it supports bank transfers, Faster Payments
, and debit cards for seamless crypto funding. Its app also integrates with exchange accounts, providing a unified view of banking and crypto activity.
With fee-free Lite accounts and advanced features in Pro and Team plans, like invoicing, virtual cards, and multi-user access, Monzo is a flexible, compliant option for UK-based companies managing both fiat and crypto.
Monthly fees
- Lite: £0
- Pro: £9; first month is free
- Team: £25
Crypto-specific features
- Crypto-friendly transactions: Supports transactions with certain cryptocurrency exchanges, such as Coinbase.
- Regulatory compliance: Operates under the authorization of the Prudential Regulation Authority and regulation by the FCA.
Security focus
- Bank-grade encryption: Employs strong encryption methods to protect customer data.
- Two-factor authentication (2FA): Provides an additional layer of security for account access.
- Real-time fraud detection: Monitors transactions to identify and prevent fraudulent activities.
General features
- Xero, QuickBooks, and FreeAgent integrations
- Free, instant UK bank transfers
- 91% same-day business account opening
- Send and receive money in over 40 currencies
- Monthly interest earnings from Savings Pot
- Expense cards under a Team plan
- Digital receipts
- International transfer to over 70 countries
Pros and cons
| Pros | Cons |
|---|---|
| No monthly fee for a Lite account | £1 cash deposit fee at a PayPoint or Post Office branch |
| Up to £85,000 FSCS protection for eligible deposits | 1% currency conversion fee for payments in foreign currency |
| Top-rated digital bank |
My methodology
To find the best crypto-friendly banks for 2025, I focused on essential factors for businesses managing digital assets. I assessed
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- Evaluated banks for the ability to buy, sell, and transfer digital assets via licensed exchanges.
- Prioritized institutions that enable seamless crypto transactions for businesses actively engaged in digital assets.
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- Traditional business banking features
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- Assessed availability of checking accounts, cash deposit support, and fee structures.
- Gave preference to banks with low monthly fees and reasonable waiver conditions.
- Highlighted banks offering extensive ATM access, virtual cards, and multi-user account features.
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- Customer support and mobile experience
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- Prioritized 24/7 support, particularly for resolving crypto transaction issues.
- Considered mobile apps with strong ratings and user-friendly interfaces for managing both fiat and crypto finances.
I applied a weighted scoring model based on crypto capabilities, business features, cost-efficiency, and customer service. Data was gathered from official bank websites and customer reviews on the App Store and Google Play. Since features may change, I recommend checking the provider’s latest information.
Factors to consider as you choose the best crypto-friendly banks
Selecting the best crypto-friendly bank requires balancing security, accessibility, cost, and features. Here’s a guide to help you make an informed decision:
- Crypto transaction support: Choose banks that seamlessly support buying, selling, and transferring digital assets through licensed exchanges, with custody solutions for secure storage.
- Integrated trading platforms: Opt for providers offering in-app trading or integration with crypto platforms to simplify managing digital assets.
- Fees and cost efficiency: Look for banks with low or no monthly fees, waivers, and minimal wire transfer costs to maximize your crypto earnings.
- Security measures: Prioritize providers with encryption, MFA, real-time monitoring, and regulatory compliance to safeguard digital assets.
- Business banking features: Select banks that combine traditional services (like checking accounts) with crypto capabilities, including virtual cards and ACH transfers.
- Geographic availability: Ensure the provider supports crypto transactions in your location and has branch or ATM networks nearby if needed.
- Customer support options: Find banks offering 24/7 support via phone, chat, or email to resolve crypto-related issues promptly.
- Account features: Look for flexible transaction limits, deposit options, and tools like virtual cards and multi-user access.
- Reputation: Check customer reviews for reliability, focusing on security practices and responsive support.
- Future planning: Choose providers that stay compliant with evolving crypto regulations and actively invest in blockchain technology.
By evaluating these factors, you can choose the best crypto-friendly bank that aligns with your business needs, ensuring secure and efficient management of both traditional and digital assets.
Why choosing crypto-friendly banks matters for your business
As digital assets grow in popularity, crypto-friendly banks are vital if your business is looking to manage both traditional (fiat) and digital finances (crypto) seamlessly. These banks support crypto transactions through authorized exchanges, offer custody solutions for secure storage, and integrate with blockchain platforms.
Unlike traditional banks that restrict crypto activity, crypto-friendly banks like Mercury, U.S. Bank, Chase, Revolut, and Monzo provide flexible options for startups, institutional investors, and international firms. Choosing the right bank helps ensure smooth, compliant, and secure crypto transactions.
However, while these banks facilitate crypto transactions and custody, it’s crucial to be aware of potential banking fees that could affect your bottom line. For a deeper understanding, read our guide on understanding business bank account fees.
Pros and cons of the best banks for crypto
| Benefits | Drawbacks |
|---|---|
| Access to crypto transactions: Support buying, selling, and transferring digital assets through licensed exchanges, making it easier for businesses to manage digital finances. | Regulatory restrictions: Often limit transactions to regulated exchanges only, restricting the flexibility to use unlicensed platforms. |
| Integration with business banking: Seamlessly link business checking accounts with crypto transactions, allowing for the unified management of traditional and digital assets. | Higher transaction fees: Let you transfer crypto assets, but that may involve extra fees, especially for international or high-volume transactions. |
| Secure custody solutions: Offer custodianship for institutional investors, ensuring secure storage of digital assets while complying with regulations. | Market volatility: Are inherently volatile, posing financial risks to businesses holding significant digital assets. |
| Support for startups and tech firms: Are designed for tech-savvy businesses, offering tailored features for blockchain and crypto-driven companies. | Geographic limitations: Don’t all offer crypto services in every state or country. |
| Global payment capabilities: Enable seamless cross-border transactions, which are essential for businesses with an international presence. | Limited direct trading: May not offer in-app crypto trading, requiring additional steps for investing. |
Future trends in crypto-friendly banking
As the adoption of digital assets continues to grow, crypto-friendly banks are expected to evolve significantly. Here are some key trends to watch:
- Enhanced regulatory compliance: Banks are likely to strengthen their compliance frameworks as governments worldwide introduce more stringent regulations on cryptocurrency transactions. This means increased transparency, reporting standards, and security protocols to maintain trust while supporting crypto operations.
- Integrated financial ecosystems: More banks will likely integrate crypto services directly into business banking platforms, offering features like in-app trading, automated crypto payments, and digital asset management. This will make it easier for your business to manage both fiat and crypto finances in one place.
- Improved custody solutions: As institutional interest in crypto grows, more banks may expand their crypto custodianship services, offering cold storage, insurance coverage, and secure transaction management for high-net-worth clients and companies.
- Expansion of global services: International fintechs like Revolut and Monzo are expected to broaden their crypto offerings to new markets, while US-based banks may increase cross-border capabilities. This would enable your company to hold and manage crypto assets seamlessly across different jurisdictions.
- Focus on stablecoins and Central Bank Digital Currencies (CBDCs): With central banks exploring CBDCs, banks may start offering accounts specifically designed for stablecoins or digital dollars. This could make crypto transactions more stable, faster, and widely accepted.
As the financial landscape shifts, crypto-friendly banks are expected to offer more integrated services, including cross-border crypto transfers. The best banks for cryptocurrency will continue to enhance security protocols and adapt to evolving regulations. Staying informed on these trends will help you choose the right banking partner for your changing needs.
Additionally, crypto adoption continues to grow, so understanding how to manage crypto payments efficiently will become even more crucial. Stay ahead of the curve by reading our guide on how to accept crypto payments.
Frequently asked questions (FAQs)
Is Bank of America crypto-friendly?
Yes, Bank of America is considered crypto-friendly. It partners with cryptocurrency exchanges, like Coinbase and Gemini, enabling clients to transfer funds from their Bank of America accounts to purchase cryptocurrencies.
Does Capital One allow crypto purchases?
No, but you can still buy cryptocurrencies by linking your Capital One accounts to FINRA-registered exchanges, such as Coinbase or Kraken. These platforms support ACH and wire transfers, allowing you to fund your exchange account and trade digital assets.
Is Citibank crypto-friendly?
Yes, Citibank is crypto-friendly, offering the Citi Integrated Digital Assets Platform (CIDAP) for blockchain and digital assets solutions, including asset custody. However, it doesn’t allow crypto purchases via credit card but supports linking your account to FINRA-licensed cryptocurrency exchanges.
Does Wells Fargo do cryptocurrency?
Wells Fargo has entered the crypto space with Bitcoin ETF (exchange-traded fund) investments, but it still restricts crypto purchases using credit cards. However, like other major banks, it does allow fund transfers from your account to purchase crypto from regulated US exchanges.
Is JP Morgan crypto-friendly?
Yes, JP Morgan is crypto-friendly, with its blockchain platform, Kinexys, and its own digital asset, JPM Coin, which facilitates seamless payments among institutional clients.
What is the easiest way to withdraw crypto to a bank?
The easiest way to withdraw crypto to your bank is to sell your crypto on a licensed exchange, convert it to cash, and then withdraw the funds to your bank account.
Which banks block crypto transactions?
Many banks, such as Chase and Bank of America, restrict crypto transactions due to the high risks involved. Most prohibit the use of credit cards for crypto purchases, but may allow fund transfers from your linked bank account to regulated cryptocurrency exchanges.
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