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Crypto (Bitcoin) Friendly Banks in US, Canada

Posted on 01/28/202202/21/2022 By cpb No Comments on Crypto (Bitcoin) Friendly Banks in US, Canada

BankProv

BankProv is one of the best crypto-friendly banks that offers full-service USD banking products for crypto natives and related businesses. The 10th oldest bank in the US, BankProv recently entered into the crypto space and offers fully-insured USD backing solutions for crypto businesses, custom API banking solutions, secure cash vault services for BTM operators, and crypto-backed loans.

Features:

  • 100% fully insured USD deposits
  • Crypto backed lending options
  • Offers a range of payment solutions
  • ProvXchange network enables 24/7 client-to-client transfers
  • Personalized account onboarding
  • Supported platforms: Web, iOS, and Android.

Key Statistics:

  • Country: United States
  • Business Focus: Full-service USD banking solutions for crypto related businesses
  • Key Services: USD accounts for crypto companies, Full-insured USD deposits, Crypto backed lending, API banking, FDIC and DIF member
  • Required Document: Social security number, Driver’s license or passport

Ally

Ally Bank is a crypto-friendly bank for cryptocurrency enthusiasts in the United States. This banking service operates 24/7. This bank allows people to purchase and sell cryptocurrencies via Coinbase. It allows you to credit to purchase Bitcoin and other cryptos from exchanges.

Pros:

  • Easy integration with Coinbase.
  • It doesn’t have any monthly fees or minimum deposits.
  • It offers up to 2.75% annual interest on your invested money.

Cons:

  • This crypto-friendly bank is only available to US citizens.

Key Statistics:

  • Country: USA
  • Business Focus: Fully integrated with Coinbase.
  • Key Services: Full-service bank offering savings products, loans, and retirement services.

Link: https://www.ally.com/


NBC

The National Bank of Canada is a Canadian bank that allows Bitcoin exchange facilities. It offers many banking facilities at no extra monthly fees.

Pros:

  • You can use this bank to buy/sell cryptocurrencies like Bitcoin.
  • It deals with cryptocurrency businesses along with traditional banking.

Cons:

  • The National Bank of Canada provides banking solutions for only Canadian people.

Key Statistics:

  • Country: Canada
  • Key Services: Handling deposits, offering checking and savings accounts, and offering business, personal, and mortgage loans.

Link: https://www.nbc.ca/

Bookkeeping Tags:Bank, Crypto, Crypto Friendly

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