Bitcoin Forum

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks (https://guerrillabuzz.com/crypto-friendly-banks/) out there, that will keep your life easy!




Good luck

It is good to see that some banks have started crypto exchange and payment. This will bring more comfort to crypto holders. It is a nice step but I didn't see some of the well known banks there.

The best way to keep your coins secure is to be your own bank. I see no reason at all to deposit my bitcoins into any so-called banks.
Those banks can close down and then your crypto is lost or they can refuse to let you withdraw your fonds.
Get a good hardware wallet or use a paper wallet, just be sure you control the keys if it's not your keys it's not your coins.

The part of some institutions supporting the crypto currency platform is good but some of the banks mentioned are not totally crypto friendly and we can't totally trust the banks to the extent of trusting them to make life easy for us because there might be a foul play sooner or later.

I second this. Dont repeat the same mistake which was made with fiat and deposit all your savings at a bank. Cryptos can be stored very safely at home via hardware wallets. There is definitly no need to hand them over to a third party like a bank.

Is that even true that crypto friendly banks? All the banks were centralized and some conspiracy says all of them comes under control of same group of people so supporting the currencies also may like bluff to get all our information.

We all know how banks work. The fact that they're trying to say that they're accepting cryptocurrency is really deceiving.
I'm not saying that I don't trust banks but I find it riskier to keep my crypto savings in banks rather than my crypto wallet.
They're centralized so they're in control of every crypto transactions that we do involving them.

There's no such thing as "crypto-friendly banks".Some banks might be crypto friendly for a while,but they will eventually ban you for your activities,if they find out that you are trading cryptocurrencies.

It is a sign that you will not lose in bitcoin trading and investment if you are patience enough. Bitcoin has been called all types of names before and some called it a ponzi scheme, other said bitcoin is a scam and it will not last and when it was dumping in 2018 many critics said bitcoin is death and it will not rise again. I am happy that we are seeing great recovering again and like other assets bitcoin has had it up and down.

Banks will always be against cryptocurrency. They see it as a threat and their competitor so how is it possible that banks would be crypto friendly? They will accept crypto as payment but they wouldn't accept crypto by any means and for good. We must get rid of banks who are trying to accept crypto funds because we aren't sure about their future intentions.

I am aware that generally the banking industry is having a difficult time deciding whether to work with cryptocurrency or to reject it altogether. However, since many of the people in the banking sector is now realizing that there is a huge amount of money they can make if they participate in cryptocurrency, we now have some banks who are open-minded enough to join the frenzy. I am sure these good banks will eventually get benefited by their pioneering moves. But then again, the stability of the cryptocurrency market has nothing to do with what banks are doing as there will always risk involved here and in any type of investment vehicles. We have to remember that banks are likened to sharks they can smell blood (money) miles away. Years from now, we might see the banking industry integrating with the cryptocurrency industry establishing a good and profitable relationship. Money is the great motivation of them all.

Agree.

They are friendly now ONLY because they have no choice

Don't need to trust anyone, especially any financial institution close to the banking sector, as this is built as a trustless environment.
I trust only the tech after carefully examining it. You are safe, without the need for a middle man, with Bitcoin.

That's right, I think the OP forgot to give it. Good news if a lot of banks have received crypto, but in my country it hasn't happened yet and what is expected is that with more people trusting Crypto and its potential, there will be banks here that will accept it.

I wouldn't trust the Bank with my money anyway. Himself secure storage of crypto is to store it in your wallet. I'd feel better about it.

I believe that the bank did not fully accept everything in crypto because of the fluctuating value because the bank was worried about it, but it was not a big problem for me because we only took money from them instead of crypto, there was no bank disruption for me it was very good and not there is a big problem after several years developing cryptocurrency, don't worry you lose a lot of value because this is an investment that requires a lot of time to grow and is extraordinary.

Better store your coin in your wallet and encash only when you needed it. You don't need middleman to store your crypto coins. You can do it by yourself though.

Sure we can secure our coins by keeping our wallet codes and addresses away from third party. And on our part, we should try to write our passwords both old and new, secured. And it is better to keep our coins in the wallet rather than exchange if we are not trading them.

If that is related to my own coins, I will keep it by myself, and I don't trust others to keep my coins even if it's the banks which can guarantee the safety.
I don't like them to try to use my coins for their own benefits without thinking of their users.
It's happened with the banks now, and they only care about how to offers the business without thinking about what they need to do next for the after sales for their users.

I don't see any reason why we need such things called Crypto "friendly" banks to keep our coins secured
bitcoin is a peer-to-peer currency, hence we need no centralized bank to help secure our coins or payment system
and when talking about bitcoin or other cryptocurrencies, always remember this famous phrase...
... "Be your own Bank" ...

Be your own bank and never trust those centralized banks because someday they might use it against you. A simple hardware wallet is your best bank that you can access anytime you like without the hassle of going straight to the bank. A paper will keep your private key safe to access the wallet that you needed in times of emergency.

I agree with this, it is better to secure it on your own put passwords or anything to be more secure instead of putting it in a bank. For me, I felt safer when I just place it in may own wallet because I have full control of the private keys and it's not that I don't really trust banks or others but I just felt like can't secure my coins better than me. Also banks can be troublesome most of the time, they will ask you to do this first and that, it is very inconvenient.

That is why i've lost interest saving and keeping my money in the banks. From the time I've met cryptocurrency, I pulled out my money and transfer it into my wallet instead. There are some adjustments but i am used to it now. Anyway, I am happy with my decisions now. I can think of it as a secured way to keep my money.

We should always be liable for the safety of our coins, don't ever entrust it with other establishments like banks or a stranger whom you don't even seen personally. This became an old practice relying on banks of physical money to be stored for safety. I heard a lot of concerns that some of scammers way of dealing with any funds is through personal tradings, which merely prone to steal funds from you. The current rising price was because of ongoing market demands as well as the activities kept on trending so high, that's why it's always mandatory to keep our holding more intact and cannot be breached by those fraudsters.

What do you mean bro?  How can use this bank? We can use cold wallet instead of using this bank. Electronic money market is nowhere safe, it is best not to delegate to others.

In my country, there is no bank that accepts Crypto payments and we must participate in the black market or an intermediary website to convert to fiat money.
I think some Asian countries still do not believe that the emergence of cryptocurrency can change the face of the world. So we need to wait longer to get the best service.

wow, it seems that banks are from European countries. This really surprised me. According to the statistics I read six months ago, Russia and China had the most participants in the crypto market, followed by other Asian and Middle Eastern countries. But banks in Europe start paying with BTC sooner than we do.
Why can't we go ahead of Europeans?

We should consider the recent rise occurred in the price of Bitcoin and few other coins including Ethereum and BitcoinCash. In current situations if you are a trader want to sell your coins in order to get profit then you should keep your coins on exchange. If you are not in selling mode then keep it secure in your wallet or if you are a HODLER and want to get utmost profit then you should keep it in cold wallets.

Thanks for sharing this, I knew that a time will come when financial institutions will start picking up the crypto idea too. Prior to now, I have never really seen the relevance of banks to crypto because according to satoshi, it is a payment system designed for peer to peer transactions and as far as your transaction gets to the second party without the involvement of the thirds party, then I see no reason why cryptocurrency banks should be an intermediary again or be that relevant, but then I learnt that traditional banking way of operating  is different from crypto banking, so let’s see the technology these ones have as we explore them.

I think you do not really need to mix in banks with crypto, you need to find a decent exchange because as long as the exchange has a friendly connection with the bank you will be fine as well. This allows you to shift the workload to exchange and you do not care about the bank, you can deposit or withdraw from any exchange as long as that exchange has an understanding between them and a bank.

Coinbase works wonders even though it is not the biggest exchange because they have a great friendly connection with banks whereas binance still is not doing fiat trading because they are having trouble with banks, its not about which exchange is better because binance is clearly better than coinbase but its about exchanges having banks in their pocket.

Cryptocurrency doesn't really need banks for them to exist but it seems that even how much Banks do hate about crypto they do know that they cant

really get rid of it that's why some of them do embrace or do consider on adopting but we cant really say that banks and crypto would have that compatibility.
We would really able to see the difference.

There is no way you can see traditional banks on that list until government fully regulates crypto currency, most banks are being governed by law and their transactions visible to government, but with crypto, we know that transactions becomes invisible to them, which will make them not to support it because of the tax it will block them from.

So this banks you see are basically crypto banks if I am right. I hope that one day we will get government backing, regulation and legalization for the banks that are well known to us to recognize cryptocurrency so that a lot of people can be free to make transactions with it.

I think, bank for crypto is not really needed at this time. well, if it's needed, of course people must have moved their assets in an existing crypto bank. I feel that the exchanger has the same function. so, nowadays, people prefer to save their assets in their wallets, or famous exchanger.

Traditional banks joining cryptocurrency at this period without regulation really looks kind of sketchy to me, because we know that traditional banks are not that passionate about their clients to help them handle what will not benefit them, they must have definitely had a strategy that will still be able to let them have control of people’s fund even through cryptocurrency.

Well, I think I trust my hard wallet more even though I have to pay for its services every year, it is better to have full control of my coins than to leave it to the hands of a bank to do for me, and I am sure many people this same mentality too.

Aww, I am not sure that will be a wise idea for now. You should not keep your eggs in one basket, I know we all believe in cryptocurrency and I know it has come to stay, but we still live in a very volatile market and better we watch how we operate during this time.

I think it’s is quite risky to put your savings in a wallet, cryptocurrency is yet to be good for store of value like gold and anything could happen to your coin negatively at any point. For now, crypto is to be used for transaction and also for investment on money you can afford to loose. The devil you know is better than the angel you don’t know man.

I also don't feel keeping and entrusting my btc to the banks. Like what people here said, we do have our own wallets where we can monitor and can access our coins anytime and anywhere. It is good that OP provided the lists of pro crypto Banks. We have different point of views. Some may also want to keep their btc in the banks where they think it is better and safe to save it there.

That is right, and the good news here is if we have so many coins, we can save it on the compatible wallet and support for each coin so we can manage those coins without any problem.
The scammers will always search a way to steal the coins from the users, and if the user still saving their coins at the market, then the user needs to protect by enabling protection that is suggested by the exchanges.
As long as we care with our coins and we give protection, I am sure that we can keep the coins in the wallet and even if we save it in the exchanges, we don't' have to worry with anything.

They've been working since it's exist and still surviving without any helps from the centralized banks, investors and traders are able to work with their own wallets or use exchanges wallets that they trust, the recent pumped needs to be anticipate where securities needed to be checked more deeper.

Needs to be more curious with how the market will works and how will you anticipate to counter possible threats.

Exchanges are never meant to be storage for your coins. They are not wallets and safe places. They are vulnerable are exposed to hackers, not protected enough and that is why users often lose their coins without possibility to get refunded.
For that reason I can understand the need of some kind of crypto bank that would function similar like traditional bank in sense of funds and user protection. Until better solution is found everyone is responsible for security on its own.

Third parties are not good too you trust so if you want to save your cryptocurrencies just save in your wallet adjust buy a hardware wallet and save on it.Only used to to convert your cryptocurrencies when you are need Fiat currency for that you may use those banks which is called as crypto friendly banks.

Hardware wallets are very simple to use and don't cost very much for the amount of protection that they provide; I have both a Ledger and Trezor and they work just fine for storing the coins I have. Much easier to use than a paper wallet, and I don't have to set up an airgapped computer to use as a wallet.

Note that you should ideally always buy hardware wallets direct from the retailer to ensure the chances of the wallet being tampered with are low, don't load the wallet with a prewritten seed if one is included, and reset the wallet once you get it. There are cases of people getting their coins stolen because of tampered hardware wallets every now and then, and this helps ensure you don't become one of those people.

I personally against the whole crypto banks system, for multiple reason, the first of which is that the whole concept of using crypto is to shift away from the current financial system imposed by the government which implies that banks hold the power on how the money moves and how and when the transactions are made and who has made them, and sung these banks would defy that whole idea, and by using these banks we just go towards the centralization of the crypto which is not good.

Exactly and this is what pays off in the end by which I means that if you diversify and stay curious about your investment in crypto, you would be on a secure position. In addition, a centralized bank has very less to offer and might not be as profitable for you as a decentralized one with the cost of transactions very minimized and reduced.

That's great news. This will provide good crypto support and attract many new users. After all, now the security of your crypto assets can be provided by the Bank.

Wow. So there are really banks who accepts it to buy crypto.
I dont get it, supporting something which could bury them in the long run.

Here is the thing.
They cannot stop it and that is why they are going with the flow. Or else they will left with nothing or let us just say bankruptcy.

Soon even banks with big names will start making their own. That is a fact.

I still believe that these traditional banks are still the ones promoting these crypto banks just to continue staying in control of people’s funds since it has become impossible for them ever since bitcoin technology was created which did not give permission for them to do so.

I wonder why people who are knowledgeable in cryptocurrency and knowing fully well that we have lots of solid wallets that are available in the industry already to keep people’s fund even more secured than keeping in a crypto bank create a crypto bank again, I am still trying to really see the usefulness of these banks.