Bank account for a crypto business? Easy.

Aug 16, 2019 /
By Vladislav Ponomarev

Bank account for a crypto business? Easy. - Illustration

Today we are going to speak about yet another pain for a typical crypto business — the opening of a bank account. Banks and payment providers classify crypto businesses as high-risk ones, mainly due to the weak regulatory framework and a high number of exit scams in this market.

However, some institutions welcome crypto businesses or at least don’t discriminate them. We have performed research on several forums and private chats, added our own experience, and composed a list of crypto-friendly banks.

Europe remains the most crypto-friendly region

In most cases, electronic money and payment institutions will be your first choice for a wired account

European Union

Fidor

Fidor bank is famous for serving European payments of Kraken exchange.

Country: Germany
Type: Bank

MisterTango

MisterTango is a fast-growing Lithuanian electronic money institution with a focus on mobile banking and automation.

Country: Lithuania
Type: EMI

Papaya

Papaya is a digital wallet from Malta with a focus on prepaid cards.

Country: Malta
Type: EMI

ClearJunction

CJ is a good point for automation of your payment needs.

Country: UK
Type: EMI

Bitwala

Bitwala services are backed up by SolarisBank.

Country: Germany
Type: Bank

Connectum

Connectum offers card processing services along with SEPA accounts at competitive rates and nice dashboards.

Country: UK
Type: Payment Institution

Banqia

Country: UK
Type: Non-licensed intermediary

B2BPay

Country: Finland
Type: PSP

Bunq

Open and friendly bank.

Country: Netherlands
Type: Bank

Majestic

Country: Lithuania
Type: Payment institution

ConnectPay

Country: Lithuania
Type: EMI

ePayments

The famous pioneer of fintech market.

Country: UK
Type: EMI

TrustCom

Country: Lithuania
Type: EMI

AnyTime

Fintech service backed by Treezor, a French EMI.

Country: France
Type: EMI agent

N26

The famous mobile banking provider.

Country: Germany
Type: Bank

Paysera

Country: Lithuania
Type: EMI

LeoPay

Country: Bulgaria
Type: EMI

CryptoCapital

Country: Switzerland
Type: Financial Institution

iCard

Country: Bulgaria
Type: EMI

Revolut

Famous revolutionary of the banking market.

Country: UK
Type: EMI

SpectroCoin

Country: Luthuania
Type: EMI agent of Bankera

Monese

Country: UK
Type: EMI agent

Sogexia

Country: France
Type: PSP agent

DiPocket

Principal member of Mastercard.

Country: UK
Type: EMI

Monaize

Country: France
Type: EMI

LHV

Country: Estonia
Type: bank

Wirex

Country: UK
Type: EMI

Barclays

Country: UK
Type: bank

Bankera

Country: BVI
Type: N/A

North America

BlackBanx

Country: Canada
Type: MSB

Simple

Country: USA
Type: bank

Ally

Country: USA
Type: bank

USAA

Country: USA
Type: bank

Bank of America

Country: USA
Type: bank

National Bank of Canada

Country: Canada
Type: bank

If you find any inconsistencies in this list, drop us an email at [email protected] so that we can fix it.

Sources

https://bitcointalk.org/index.php?topic=5099254.0
https://bitcointalk.org/index.php?topic=1756494.0
https://themoneymongers.com/crypto-bitcoin-friendly-banks/
https://guerrillabuzz.com/crypto-friendly-banks/