Banks for Crypto Companies

If you are starting a crypto business or you already have a crypto business, it can be challenging to find a bank that will accept you. However, there are a few banks for crypto companies that can help you. Crypto companies require specialized banking which may not be offered by traditional banks. For this reason, most blockchain businesses turn to crypto friendly banks.

Failure of Banks for Crypto Companies in the U.S

Two major banks for crypto companies have failed in the United States for their dealings in crypto. These banks include Silvergate and Signature Bank. These two banks have been the most crypto-friendly banks in the U.S. and their collapse is a big blow to the crypto industry. However, there exist many alternative solutions.

  • Silvergate a crypto lender bank collapsed as a result of the collapse of FTX. On March 8, 2023, Silvergate Bank announced it was shutting down in the wake of the crypto industry meltdown. Immediately after, depositors withdrew more than $42 billion following the bank’s statement.
  • Signature Bank failed after its depositors became nervous about the bank’s huge amounts of uninsured deposits and its involvement in crypto. Customers withdrew more than $10 billion in deposits. The signature was the third-largest bank failure in the U.S.

Customers Bank

Customers Bank is a new bank in the U.S. that is best suited for businesses that require crypto company accounts. It is a member of the Federal Reserve System and customer deposits are insured by Federal Deposit Insurance Corporation.

It offers services such as lending, online and mobile banking, and blockchain-based digital payments through the Customers Bank Instant Token (CBIT) that is used for real-time payments.

The following are Customers Bank fees:

Commercial Interest CheckingCommercial Interest Checking Plus
Debits & Depositsunlimited for freeunlimited for free
Domestic Outgoing Wires$20 each$20 each
International Outgoing Wires$45 each$45 each
Incoming Wires$10 each$10 each
Minimum Opening Deposit$50$50

Kraken Bank

Kraken Bank is one of the newest banks in the United States that is helping crypto companies with banking services. Kraken Bank received Wyoming SPDI banking charter that allows banks to housing digital currencies alongside fiat currencies.

Kraken Bank will be offering both USD and cryptocurrencies to its customers. Besides, the bank will also offer a range of payment and custody products for crypto businesses.


Revolut is another bank for bitcoin and fiat money. Revolut is a fintech company based in the UK. It offers IBAN numbers and supports SEPA transfers. Besides, the bank offers virtual cards which you can use for online purchases.

Revolut allows businesses and individuals to buy and sell cryptocurrencies such as Bitcoin and Ethereum. It offers a business and personal account. You can open either a GBP or EUR account with IBAN or BIC details.

You can open a Standard account which is free or a Premium account for £6.00 per month or Metal account for £12.99/month.


BankProv; previously Provident Bank is a bank that is offering banking solutions to crypto companies. BankProv offers services such as online and mobile banking, online bill pay, ACH credits, and enhanced security. The bank also offers lending services.

If you want to start a crypto company, then you need accounting systems. That’s where BankProv’s banking API comes in. BankProv provides you with API access, a very useful feature for businesses dealing with online transactions.

Customers’ deposits are fully insured by Federal Deposit Insurance Corporation (FDIC) and DIF (Depositors Insurance Fund) with no additional cost to clients. This means that the bank covers losses beyond the cap of what FDIC insures ($250,000). Most of its accounts are best suited for medium-sized businesses and small businesses may find it relatively expensive.

The following are BankProv fees:

Classic BusinessSmall BusinessCommercialProvXProvX+ProvX Partner
Monthly Fee$0$50$150$500$1,000$5,000
Balance for 1/2 the monthly fee$100,000$500,000$1,000,000$2,500,000$10,000,000
Balance for waived$250,000$1,000,000$2,500,000$5,000,000$20,000,000
ACHPer itemUp to 50/mo (then per item)Up to 500/mo (then per item)Up to 5,000/mo (then per)Up to 10,000/mo (then per)Up to 25,000/mo (then per)
Outgoing Wires: Domestic$25$25$25$25Up to 10 free then $10Up to 100 free then $10
Outgoing Wires: International$35$35$35$35$15$10


Xace is a crypto bank best suited for crypto companies. It is located in the United Kingdom and offers business and personal accounts. The bank offers two types of accounts, GBP for faster payments within the UK and EUR accounts that you can use to make payments via SEPA using IBAN.

Xace is a great choice for people who are into gaming, freelancers, businesses, and traders. It is registered with the FCA and has the following features:

  • European IBAN and UK accounts
  • Multiple accounts in GBP and EUR
  • Direct debits and virtual debit cards
  • Individuals and corporate IBANs

The following are Xace fees:

Monthly FeeTransaction Fees
Gaming Account£POA joining fee & £250 a month per accountFrom 0.2%
Business Payment Account£POA joining fee & £250 a month per accountFrom 0.125%


Cashaa is a crypto-friendly bank for businesses and companies. It offers a Bitcoin payment platform. As such, if you are looking for a platform that accepts Bitcoin as a form of payment, consider Cashaa. It is ideal for both B2B and B2C businesses.

Cashaa is registered with FCA and supports payment methods such as SEPA, SWIFT, CHAPS, and BACS payment methods. CASHAA also has an API that automates payments with your platform. Besides, it integrates both fiat and cryptocurrencies for businesses and customers.

Fidor Bank

Fidor Bank also helps crypto companies get bank accounts. Fidor Bank was established in Munich, Germany in 2009. It is an online bank that provides its clients with cryptocurrency services. Some of Fidor Bank’s customers include Ripple Labs, Kraken, and

The bank allows its customers to purchase, trade, and store cryptocurrencies in their bank accounts. Fidor Bank has two types of accounts for cryptocurrency businesses. They include:

  • Fidor ICO account. It is a bank for investors and organizers that is used for conducting ICOs. investors can use it to convert cryptocurrency into fiat money.
  • Fidor Crypto settlement accounts. The account allows businesses to integrate crypto wallets with Fidor accounting using an API.

The following are Fidor Bank fees:

ServiceFidor fees
Account opening0 EUR
Cryptocurrency trading fees0 – 0.26%
ATM withdrawal3 EUR per withdrawal
Currency conversion5000 EUR = 1,5%
Card feeFidor Debit MasterCard = 1 EUR/month, Fidor SmartCard = 2 EUR/month, Fidor virtual card = 0 EUR
SEPA transfers0 EUR
Cash withdrawal0 EUR
SMS notification0.10 EUR per SMS
Email notification0 EUR
Reset of card PIN after entering it wrong three times8.50 EUR


Wirex is another company that helps banks open fiat and cryptocurrency accounts. You can use the bank to buy, store, exchange, and spend in the U.S. with Wirex, you can withdraw funds from an account to the corresponding fiat or cryptocurrency account.

You can get Wirex crypto virtual card that you can use and get crypto rewards. Other services Wirex offers include crypto lending, crypto savings account, and money transfer. Wirex has three types of accounts, business account, personal account, and X-Account. It supports SEPA and SWIFT international payments.

The following are Wirex fees:

UK / EU / EEAOther Regions
Crypto Exchange ServicesOtc Rates + CommissionOtc Rates + Commission
Fiat Exchange ServicesInterbank Rates + CommissionInterbank Rates + Commission
Internal Transfer (between Wirex Users)FreeFree
External Transfer (crypto)Blockchain Fees Apply**Blockchain Fees Apply**
Atm Charges (fx Fee Applies For Withdrawals Abroad)Eea (including Uk): £1.75 / €2.25 / $2.50 International: £2.25 / €2.75 / $3.50

BCB Group

BCB Group is a bank that is also helping crypto companies get bank accounts. The bank provides businesses with a secure gateway into cryptocurrency markets. The bank helps businesses buy, sell, store, and manage fiat and crypto assets in their accounts.

Cryptocurrency Company Bank Accounts

The above are some of the banks offering bank accounts for blockchain companies. These banks help businesses open bank accounts and buy and sell crypto assets. Besides, some of these banks also offer API integration which is important for businesses dealing with crypto assets. If you are starting a crypto business, we suggest that you further research these banks and find out if they best suit your company’s needs.