Top 7 Crypto-Friendly Banks

What Are Crypto-Friendly Banks?

What banks allow crypto purchases?

Crypto-friendly banks are financial institutions that support digital currencies rather than restrict their use. These banks let you purchase, trade, and store cryptocurrencies like Bitcoin right through your account. Some even allow you to hold balances in BTC or earn rewards in satoshis (the tiniest Bitcoin fraction). You can obtain loans secured by your cryptocurrency without the need to sell it. 

Difference from traditional and digital-only banks

Traditional banks have offices where people can go and speak with workers. They provide a wide range of services, but usually charge higher fees and operate only during specific hours. Digital-only banks work fully online, with no branches. They are open 24/7 through apps or websites, have lower fees, and faster service. However, they usually offer fewer personal services.

Why crypto-friendly banks are gaining popularity

Crypto-friendly banks are becoming increasingly popular as the use of digital assets grows rapidly once again. After big crashes and tough rules, the market jumped from under $1 trillion to almost $4 trillion in three years. Retail and institutional investors increasingly trust cryptocurrencies as governments introduce clearer regulations and demonstrate support — particularly in the United States, where authorities promote digital assets. Most crypto friendly banks are seeing 20% more customers who want easy ways to use both regular and digital money.

Why Choose a Crypto-Friendly Bank?

Crypto-friendly banks are valuable because they enable the integrated use of fiat money and cryptocurrencies. You can manage euros, dollars, Bitcoin, and other coins in one place. Sending crypto is quick and safe. They make financial management simpler, more secure, and compliant with regulatory standards. Choosing the best banks for cryptocurrency ensures a reliable and legally compliant experience.

Access to fiat and crypto accounts

Crypto-friendly banks let people use both regular money and digital coins in one place. You can open accounts for euros, dollars, or crypto and manage them together. These banks give each user a secure wallet and an IBAN for payments. They safeguard client funds using advanced security measures and facilitate proper transaction tracking and reporting.

Seamless Bitcoin and altcoin transactions

Sending Bitcoin or other coins is fast and simple. You only need a crypto wallet, which works like a digital account. After adding funds, you can send crypto by entering the receiver’s wallet address and paying a small network fee. Each transaction is verified and confirmed on the blockchain to ensure integrity and security. Most altcoins work the same way. Banks that accept bitcoins often make this process easier for users by integrating wallets directly into accounts.

Top 7 Crypto-Friendly Banks in 2025

Sygnum Bank (Switzerland) — Fully licensed crypto bank

Sygnum Bank is one of Switzerland's first officially approved banks focused on digital money. It got a special license from Swiss regulators to handle cryptocurrency services legally. The bank offers storage, trading, and management of digital coins like Bitcoin and Ethereum for qualified clients. It also converts regular currencies (Swiss francs, US dollars, euros) into crypto and back. As a fully regulated institution, Sygnum aims to provide trustworthy crypto services that meet legal standards while offering custody, tokenization, and brokerage for digital assets to institutions and verified investors. 

Bank Frick (Liechtenstein) — EU-regulated crypto services

Bank Frick is a Liechtenstein-based financial institution that provides regulated access to cryptocurrencies and tokenized assets. It assists companies and investors in trading and securely storing digital assets in compliance with EU regulations. The bank was one of the first in Europe to offer blockchain-based banking in 2018. With strong experience in crypto and finance, Bank Frick connects traditional banking with the growing world of digital assets. It is featured on multiple crypto banks list as a reliable choice.

DBS Bank (Singapore) — Institutional crypto integration

DBS Bank in Singapore is one of Asia’s largest institutions providing regulated cryptocurrency services. Through its DBS Digital Exchange, it lets institutions trade and store digital tokens like Bitcoin safely. The bank is licensed under Singapore’s financial laws and follows strict rules to protect investors. DBS is known as one of the banks that allow crypto purchases for institutional clients.

Bank Prov (USA) — Crypto and fintech partnerships

BankProv is a U.S.-chartered bank that bridges traditional finance with cryptocurrency and fintech sectors. It offers special accounts for crypto companies and helps them meet regulations. The bank worked with companies like CrossTower and Anchorage Digital to offer loans backed by crypto and safe storage for digital assets. Even after losses in the crypto market, BankProv still supports new ideas and builds secure and easy-to-use services for digital finance. 

Revolut (EU/UK) — Mainstream banking meets crypto

Revolut is a popular digital bank in the UK and EU that lets users buy and sell crypto like Bitcoin and Ethereum directly in its app. People can manage both regular money and crypto in one place. It also allows withdrawals to external wallets. For casual users, Revolut is a top pick for banks that accept cryptocurrency deposits and straightforward crypto access.

How to Choose the Right Crypto Bank

When picking a crypto bank, check three main things. First, see which digital coins they support and how they protect your assets – some banks let you control your keys while others hold them for you. Second, understand their deposit and withdrawal rules - you'll need to verify your identity and follow limits, with possible delays for security checks. Third, look at fees and licenses. Offshore banks are cheaper but less regulated. Banks in the US, Europe, or Asia are more expensive but more secure and trusted. If you’re unsure which option fits your business model or residency status, reach out to ICON.Partners – we help clients choose compliant and reliable crypto-friendly banking solutions globally.

Deposit and withdrawal policies

Deposit and withdrawal rules in crypto banks are simple. You link your bank account, verify your identity, and follow limits for sending or receiving money. You can deposit through bank transfer or from a crypto wallet. Withdrawals can go to your bank or another wallet. Some delays may happen because of network speed, security checks, or processing time.

Fees, licensing, and regional restrictions

Crypto companies pay different fees based on location. In the US, nationwide licensing costs around $112,000 plus over $10 million in bonds, with strict enforcement and heavy fines. Europe's MiCA system requires €50,000 to €150,000 in capital, letting firms operate across all EU countries with one license. Asian markets like UAE and Singapore demand higher capital (€130,000 to SGD 250,000) and require local staff and offices. Offshore jurisdictions such as the Bahamas provide lower operational costs and tax benefits but may negatively affect reputation and complicate banking relationships. 

FAQ on Crypto-Friendly Banks

Which banks accept Bitcoin and crypto deposits?

Some banks and apps let you deposit and use crypto. Revolut, Wirex, and Juno let you trade, stake, and manage crypto in their apps. Cash App supports Bitcoin deposits and withdrawals in the US and UK. Banks like Monzo, Ally, Quontic, Mercury, and JP Morgan let you connect to crypto exchanges or offer crypto-friendly business accounts. Each option gives different features, control, and ways to use crypto. 

What is the difference between a crypto bank and a wallet?

A crypto bank and a crypto wallet are different. A crypto bank holds your crypto, lets you trade, spend, and sometimes borrow or use cards. It usually holds your assets for you, giving some protection. A crypto wallet, especially non-custodial, lets you control your coins directly using private keys. Wallets work on blockchain, support peer-to-peer payments, and don’t rely on banks, but you’re fully responsible for security. Using best crypto banks ensures extra safety and regulatory compliance.

Best decentralized bank options for users

The best decentralized banks for users are DeFi platforms that let you lend, borrow, and manage crypto without traditional banks. Popular options include Aave for many assets and innovative features, Compound for reliability and major coins, MakerDAO for stablecoin loans with DAI, Venus Protocol for fast, low-fee BSC lending, dYdX for margin trading, InstaDApp to manage multiple platforms easily, Kava for cross-chain access, and Alpha Homora for leveraged yield farming.