Top 5 Crypto-Friendly Banks – Salon Prive Mag

Cryptocurrencies are revolutionizing the way we think about money. From decentralization to anonymity, to low fees, these assets are changing the world as they grow in popularity and adoption. Regardless of your opinion on crypto’s future, it has already begun to shape our society for better or worse.

As cryptocurrencies continue their explosive growth pattern there is one question that seems inevitable: Are there banks and financial institutions that are crypto-friendly?

The answer to this question is a resounding yes. Below are some of the banks that have been at the forefront of innovation by implementing blockchain tech into their core systems.

1. Nuri

Formerly known as Bitwala, Nuri is a German-based bank that specializes in Blockchain tech. Customers can easily sign up for a crypto-friendly bank account and manage their assets through the Nuri mobile or web app, which uses Bitwala’s banking platform to give users access to over 20 different cryptocurrencies.

This Bank is available for millions of customers across the EU, UK, Switzerland, and other jurisdictions. It is regarded as one of the few banks that offer secure wallets and vaults for crypto storage – which is a rare find in the traditional banking industry.

2. Fidor Bank

Since 2014, this bank has proven to be a favorite among cryptocurrency enthusiasts. Fidor Bank is regulated by the German Federal Financial Supervisory Authority (BaFin). It has been a trailblazer in blockchain tech since its founding. It was one of the first to implement Ripple’s distributed ledger technology into its system for cross-border transactions between fiat currencies.

The bank offers its customers exclusive access to cryptocurrencies including Bitcoin Cash, Ethereum, Litecoin, and more – making it an attractive option for those interested in diversifying their portfolio with alternative coins. On top of this, they also offer trading platforms where users can trade cryptocurrencies directly from within their account interface. The only downside is that this bank is only available for German residents.

3. Monzo

Monzo is a UK-based digital bank that offers its customers a prepaid debit card. It also has an app where users can manage their accounts and track their spending.

The company announced in February of 2018 that it would be adding support for Bitcoin, Ethereum, Litecoin, and Ripple to its app. This made it one of the first mainstream banks to offer direct support for cryptocurrencies. Monzo also allows users to buy and sell cryptocurrencies directly from within a dedicated mobile app – making it a great option for those looking to get into the market without having to go through an exchange.

4. Revolut

With over 15 million users from different countries across the globe, Revolut is regarded as the most crypto-friendly bank in the modern market. This bank allows customers to purchase crypto directly through the mobile app. They also offer an option for users who want to trade their assets on a dedicated exchange platform that is built into Revolut’s interface. This allows them to track and manage their portfolio across multiple exchanges in real-time.

Revolut offers its services in most countries around the world, including Asia, North America, Europe, Australia/New Zealand, and other jurisdictions where there are opportunities for growth. This makes it one of the best options out there for anyone interested in getting started with cryptocurrency investments while managing your fiat holdings at the same time!

5. BankProv

Even though older banks tend to be more resistant towards crypto, there are some that have begun to implement blockchain tech into their core systems. One of these banks is BankProv (Formerly known as The Provident Bank) – which was formed over 200 years ago. This bank has built its own proprietary payment gateway for merchants who use cryptocurrencies as a form of payment through the e-commerce industry.

This bank has a cryptocurrency segment on its website that offers users a wide range of different coins to invest in. BankProv is one of the few banks that allows you to buy crypto with a credit card, making it a great option for novices in the crypto space.

Final Thoughts

The list of banks mentioned in this article is by no means exhaustive – but it does provide a good overview of some of the best options out there for those looking for a reliable and secure banking experience with cryptocurrencies. You can find some other crypto-friendly banks by Tezro here. So if you’re thinking about getting into the market, be sure to check out one of these banks! They might just be what you need to get started. Thanks for reading!