The 8 Best Crypto-Friendly Banks (Expert Reviewed)

Quick look: The 8 best crypto-friendly banks

Direct crypto trading vs. exchange funding

Crypto-friendly banks fall into two camps, and knowing which is which saves you time.

Some let you buy and hold crypto right inside their own app. Others don't sell crypto at all, but they let you fund a regulated exchange without holds or blocked transfers.

Mercury sits outside both camps. It's business banking for Web3 startups, not a place to buy crypto yourself.

SoFi

Best for an all-in-one bank and crypto account

In November 2025, SoFi became the first and only nationally chartered, FDIC-insured US bank to offer crypto trading directly inside its app. If you want your checking, savings, investing, and crypto in one place, SoFi is now the standout pick.

You buy and sell crypto using funds straight from your SoFi checking or savings account. The catch is that you'll need to open SoFi checking and savings accounts first to unlock a crypto account.

Crypto support: Bitcoin, Ethereum, Solana, and dozens of additional cryptocurrencies

FDIC status: Bank deposits are FDIC-insured; crypto holdings are not

Interest: Competitive APY on SoFi savings

Cost: No account fees to hold checking or savings

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JPMorgan Chase

Best for funding an exchange from a major bank

Chase doesn't sell cryptocurrency directly, but it has become far friendlier to crypto users. In 2025, JPMorgan Chase and Coinbase launched a partnership that lets Chase customers fund crypto purchases with their cards, with direct bank-account linking rolling out in 2026.

For most people, Chase's value is simple. Its accounts let you fund a regulated exchange like Coinbase by ACH, wire, or debit card without holds or blocked transfers.

Crypto support: No direct crypto sales; ACH, wire, and card funding to exchanges

FDIC status: FDIC-insured

Interest: Standard Chase deposit rates

Cost: Varies by account; many everyday accounts have monthly fees that can be waived

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Ally Bank

Best for high-yield fiat savings

Ally is a popular online bank known for competitive savings rates and no monthly maintenance fees. It doesn't offer crypto trading or custody, but ACH transfers from Ally to Coinbase go through without holds.

If you want crypto exposure without leaving Ally, Ally Invest lets you buy crypto-related securities like spot Bitcoin ETFs (for example, IBIT) and trusts such as GBTC.

Crypto support: No direct crypto; spot Bitcoin ETFs and crypto-related funds via Ally Invest

FDIC status: FDIC-insured

Interest: ~3.00% APY on savings at the time of writing

Cost: No monthly maintenance fees

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Revolut

Best for buying and staking crypto in-app

Revolut blends everyday banking features with an in-app crypto experience. You can buy and sell 300+ tokens, and stake proof-of-stake coins like SOL, ETH, ADA, and DOT for rewards, all without leaving the app.

It's worth being clear on the fine print. Revolut is not a chartered US bank, and its US bank charter application is still pending with regulators. Savings are provided through a partner bank and FDIC-insured up to $250,000, but your crypto is not FDIC-insured.

Crypto support: 300+ tokens; staking up to 22% APY on select coins

FDIC status: Savings FDIC-insured via partner bank; crypto not insured

Interest: Up to 4.00% APY (Standard plan) and up to 5.50% APY (Metal plan)

Cost: Free plan available; paid plans up to around $16.99/month for Metal

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Coinbase

Best for the widest crypto selection

Coinbase isn't a traditional bank, but it has added banking-style features, including a debit card with rotating rewards and USD balances held through partner banks. As one of the largest US exchanges, it supports 270+ cryptocurrencies.

Coinbase also lets you earn staking rewards on proof-of-stake assets, with yields that vary by coin. Coinbase takes a commission on the rewards you receive.

Crypto support: 270+ cryptocurrencies

FDIC status: Crypto holdings are not FDIC-insured; USD balances may be covered via partner banks

Interest: Staking rewards up to ~20% APY depending on the asset

Cost: No fee to stake; trading fees apply

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Cash App

Best for beginners buying Bitcoin

Cash App keeps things simple. You can send money, spend with a Cash Card, and buy Bitcoin, all from one easy-to-use app. It's a friendly entry point for people making their first crypto purchase.

Cash App only supports Bitcoin, not other cryptocurrencies. Its savings balances are FDIC-insured through partner banks, and you can earn a higher APY if you set up direct deposit.

Crypto support: Bitcoin only

FDIC status: FDIC-insured via partner banks

Interest: Up to 3.25% APY with a monthly direct deposit of $300 or more (1.50% base otherwise)

Cost: No monthly fees or balance requirements

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Quontic

Best for earning Bitcoin rewards

Quontic is an FDIC-insured, nationwide US digital bank that launched the first Bitcoin Rewards Checking account. Instead of cash back, eligible debit card purchases earn you Bitcoin.

You get everyday banking essentials too, including access to a large surcharge-free ATM network, mobile payments, and no monthly service fee. It's a straightforward way to stack a little Bitcoin from spending you're already doing.

Crypto support: Earn 1.5% back in Bitcoin on eligible debit card purchases

FDIC status: FDIC-insured up to $250,000

Interest: High-yield checking and savings options

Cost: No monthly service fee

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Mercury

Best for Web3 businesses

Mercury is business banking built for startups, including many Web3 companies. It offers a clean product with no monthly fees and expanded deposit protection of up to $5 million through sweep networks, roughly 20x the standard $250,000 FDIC limit.

There are important limits. Mercury severed its partnership with Evolve Bank & Trust and works with other partner banks whose rules mean it can't serve crypto exchanges, money services businesses (MSBs), or crypto trading companies. Mercury is for businesses, not individual consumers.

Crypto support: Banks Web3 startups; does not serve crypto exchanges, MSBs, or crypto trading companies

FDIC status: Up to $5M in FDIC coverage via partner-bank sweep networks

Interest: Business banking (no consumer savings APY)

Cost: No monthly fees or overdraft fees

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How to pick a crypto-friendly bank

The right bank depends on what you actually want to do with crypto. Start by asking whether you want to buy crypto inside your bank, or simply move money to an exchange without friction.

Buying crypto directly: If you want to bank and trade in one place, look at SoFi or an exchange with banking features like Coinbase.

Funding an exchange: If you'll keep trading on a dedicated exchange, what matters is smooth ACH and card transfers. Major banks like Chase and online banks like Ally handle this well.

Earning on your balances: Compare savings APY and any crypto rewards. Cash App and Revolut pay interest, while Quontic pays rewards in Bitcoin.

Protecting your money: Remember that bank deposits can be FDIC-insured, but crypto itself is not. Keep that distinction in mind when you decide how much to hold where.

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Can I start a cryptocurrency bank account with a debit card?

Yes. Several options on this list come with a debit card tied to crypto features. Quontic's debit card earns Bitcoin rewards on eligible purchases, and Coinbase offers a debit card with rotating crypto rewards.

Keep in mind that a "crypto debit card" spends your balance like any other card. The crypto angle is usually in the rewards you earn or the account the card is attached to.

Are major banks crypto-friendly?

They're getting friendlier. Most large US banks still won't sell you crypto directly, but they increasingly allow transfers to regulated exchanges without blocking them.

The clearest example is JPMorgan Chase, which partnered with Coinbase in 2025 to make buying crypto with Chase cards easier. SoFi went a step further by becoming the first national bank to offer crypto trading in its own app.

Can I use DeFi as a substitute for banks?

Decentralized finance (DeFi) protocols let you lend, borrow, and earn yield without a bank in the middle. For some users, that's appealing.

However, DeFi comes with real tradeoffs. There's no FDIC insurance, no customer support line, and smart-contract risk is on you. DeFi can complement a bank, but for most people it isn't a full replacement.

Remember, DeFi activity is still taxable. Earning yield, swapping tokens, and many other DeFi transactions can trigger taxable events you'll need to report.

Do I owe taxes when I move crypto between my bank and an exchange?

Moving your own money between your bank and a crypto exchange is not a taxable event. Neither is transferring crypto between wallets you own.

You only owe taxes when you dispose of your cryptocurrency. That means selling it, trading it for another coin, or spending it.

Here's what changed for the 2026 filing season. Starting with the 2025 tax year, crypto exchanges are required to send you Form 1099-DA to report your digital asset sales.

For 2025, the form reports your gross proceeds only. It does not include your cost basis, the amount you originally paid. Starting with the 2026 tax year, brokers will also report cost basis on many transactions.

That gap matters. Without cost basis, your 1099-DA can make it look like you owe far more than you actually do.

Example: Why your 1099-DA can overstate your gains

Ryan buys $10,000 of Bitcoin on an exchange.

A year later, he sells it for $12,000.

His 2025 Form 1099-DA reports $12,000 in gross proceeds, with no cost basis.

On paper, it looks like Ryan made $12,000. In reality, his taxable gain is just $2,000.

Remember, you are allowed to report your own cost basis, as long as you have documentation to back it up. The easiest way to get an accurate record across every wallet and exchange is to use crypto tax software.

"For the 2025 tax year, most 1099-DA forms report proceeds without cost basis. That means the burden is on you to calculate your real gain or loss, and getting it wrong usually means overpaying." - Jordan Bass, Head of Tax Strategy, CoinLedger

CoinLedger connects to your exchanges and wallets, calculates your cost basis automatically, and generates a complete tax report in minutes. More than 700,000 investors have used the platform to take the stress out of crypto tax season.

Get started with a free CoinLedger account today.