4 Best Crypto-friendly Business Bank Accounts
The best crypto-friendly business bank accounts on this list offer varying levels of support for your crypto-related operations. Some allow you to trade and hold cryptocurrency directly with them, whereas others enable purchasing and holding through FINRA
Financial Industry Regulatory Authority
authorized exchanges. After reviewing several banking providers, here are the four best crypto-friendly business bank accounts, with direct links to their websites.
- Mercury
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard®
: Overall best for crypto companies and Web3
As defined by the Harvard Business Review, Web3 is a blockchain-based web and an extension of cryptocurrency.
companies - Chase
Member FDIC
: Best traditional bank with its own bank-led blockchain platform - U.S. Bank
Member FDIC
: Best traditional bank with internal cryptocurrency custody service - Revolut
As of Oct. 3, 2023, U.S.-based businesses can no longer buy, sell, or hold crypto with Revolut. This product is still available to businesses outside the United States. Provider is a fintech platform backed by and FDIC-insured through supporting bank partnerships with Community Federal Savings Bank (CFSB) and Sutton Bank.
: Best for international-based crypto companies doing business overseas
Best crypto-friendly business bank accounts at a glance
Cryptocurrency can be highly volatile and may be a risky investment for your business. Consult your financial advisor before investing in any digital currency. Funds held outside the US or in cryptocurrencies may not necessarily be insured against loss. See the provider’s website for more information.
Mercury: Overall best for crypto businesses and Web3 companies
Mercury is frequently ranked among the best crypto-friendly financial institutions due to its forward-thinking infrastructure tailored to blockchain startups.
What I like
- No monthly maintenance fee on introductory account
- No fees for domestic or international wires
- Treasury product offers outstanding yield on balances over $500,000
Mercury Treasury is offered by Mercury Advisory, LLC, an SEC-registered investment adviser. This communication does not constitute an offer to sell or the solicitation of any offer to purchase any security. Funds in Mercury Treasury are subject to investment risks, including possible loss of the principal invested, and past performance is not indicative of future results. Please see full disclosures at mercury.com/treasury. Mercury Advisory is a wholly-owned subsidiary of Mercury Technologies.
Drawbacks
- Accounts unavailable to sole proprietorships and trusts
- No APY for checking accounts
- Limited lending options and no cash deposits
Features
- Set customer user permissions for your team members
- Create auto-transfer rules for your accounts
- Integrate accounts with QuickBooks and Xero accounting software
- Virtual debit cards available right away, with physical debit cards arriving in the mail in a few days
- Physical checkbooks unavailable
- Business payment integrations with Shopify, Stripe, Zapier, Amazon, and PayPal
- Email customer service
- Savings account provided when you open a checking account
- Other products include Mercury Treasury, capital and venture debt, and credit card
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
When to choose Mercury
- You’re a Web3 or crypto-based company: Mercury’s platform is designed specifically for Web3 businesses, offering a business checking built to streamline operations. Compared with traditional banks and many fintechs, Mercury has a deeper understanding of blockchain-based companies.
- You want restriction-free crypto purchases: Unlike some business banks that impose limits on crypto transactions, there are no set limits when buying crypto through your Mercury account. You can send wires with your business name to exchanges like Gemini and Coinbase, which helps them recognize and credit your transfers. However, it doesn’t let you hold crypto directly.
- You need FDIC protection for your business funds: Mercury’s Vault product uses partner banks and a sweep network to insure business funds of up to $5 million. Note that FDIC insurance does not cover crypto assets.
- Has the Mercury IO Mastercard, which offers unlimited 1.5% cash back that’s automatically deposited to your account without manual redemption (see our Mercury IO Mastercard review)
Mercury supports many types of crypto-based businesses, but there are a few business models that are not currently supported—such as Money Services Businesses (MSB) or exchanges. In addition, there are a few other industries that are not supported:
- Cannabis, CBD, or cannabis-derived products
- Firearms, weapons, or ammunition
- Tobacco, e-cigarettes, or e-liquids
- Counterfeit goods
- Adult entertainment
- Illegal drugs
- Any business illegal in the US
If none of those reasons apply, a crypto-based business should have the same onboarding experience as any other business type, according to Mercury.
Note: Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard®
Chase: Best traditional bank with its own bank-led blockchain platform
Chase has taken major strides in blockchain integration, making it one of the best banks for crypto companies looking to scale payments and compliance.
What I like
- Up to $500 bonus when you open an account
- Multiple ways to waive the monthly fee
- Branch presence in 48 states
Drawbacks
- Limited number of free transactions
- Does not earn interest
- Fee for cash deposits of more than $5,000 per statement period
Features
- Built-in card acceptance with QuickAccept℠ via the Chase Mobile® app
- Manage debit, deposit, and ATM card settings for individual employees
- Deposit checks, view account balances, pay bills, and make transfers through the mobile app
- Integration with QuickBooks and other leading accounting software
- Free debit card, mailed within 10 business days of application approval
- Physical checks’ costs depend on type ordered
- Chase Payment Solutions
- Live customer support online or in branch during business hours
- Other products include business savings, CDs, lending products, credit cards, merchant services, and collection services
Chase is a member of the FDIC.
When to choose Chase
- You want to use a blockchain platform for domestic and international payments: Chase is one of the leading crypto-friendly banks given its Onyx platform, the first bank-led blockchain system launched in 2020. This sets Chase apart from competitors like U.S. Bank and Revolut, which lack integrated blockchain payment systems. Onyx makes Chase ideal if you require secure, blockchain-enabled cross-border payment transfers.
- You’re looking to partner with a global bank: Compared with fintech-focused platforms like Mercury or Revolut, Chase has a long-standing reputation in both traditional and crypto banking. As an industry leader in cryptocurrency since its inception, Chase brings deep expertise in compliance and risk management, making it a reliable choice if you seek stability and global reach.
- You want faster asset mobility: Onyx Digital Assets allows you to tokenize financial assets, providing faster settlement and greater flexibility. While Mercury and Revolut focus on fintech agility, Chase’s asset tokenization feature makes it stand out for businesses handling high volumes of financial transactions.
Chase doesn’t directly handle cryptocurrency transactions, and you cannot hold crypto in your Chase account. However, paired with an authorized exchange like Kraken, you can use your business funds to invest.
- Provides an entry-level business checking account, Business Complete Banking, that gives you up to 20 free transactions and $5,000 in free cash deposits monthly
- Lets you earn a bonus of up to $500 by opening a new account and completing qualifying actions
U.S. Bank: Best traditional bank with internal cryptocurrency custody service
As one of the few cryptocurrency-friendly banks in the US, U.S. Bank offers internal custody services and solid traditional banking features.
What I like
- No monthly maintenance fee for the Business Essentials Checking
- Up to $1,200 welcome bonus
- Option to apply in person, online, or by phone
Drawbacks
- Low yield for interest-earning accounts
- Limited free transactions
Features
- Send and receive money through the app
- Digital invoicing and payment systems integrated into your online dashboard
- Mobile app to monitor all of your accounts, transfer funds between accounts, and deposit checks online
- Easy integration with overdraft protection or credit card processing services for your business
- Free debit card and a discount on the first check order
- Integrations with QuickBooks and U.S. Bank Payment Processing
- Customer service online, by phone, or in-branch during business hours
- Other products include lending and cash flow products, other checking options, and point-of-sale (POS) services
When to choose U.S. Bank
- You need a reliable custodian for both crypto and non-crypto assets: U.S. Bank distinguishes itself from Mercury and Revolut by offering internal crypto custody services, allowing you to hold your cryptocurrency in the same account as traditional securities, cash, and other assets. Read U.S. Bank’s cryptocurrency custody FAQs page to learn more about crypto-related concerns and questions.
- You’re a crypto startup seeking a free business checking account: Unlike Chase, which charges monthly fees unless waiver conditions are met, U.S. Bank’s Business Essentials Checking offers no monthly maintenance fees and unlimited digital transactions, making it more cost-effective for small crypto startups. This is why U.S. Bank tops our list of the best small business checking accounts.
- You want a welcome bonus: Earn a $400 bonus when you open a Business Essentials Checking account or $1,200 when you open a Platinum Business Checking account online with promo code Q1AFL26 and complete qualifying activities, subject to certain terms and limitations. Offer valid through March 31, 2026. Member FDIC. See our article on the best bank account promos and offers for details on how to qualify.
You can purchase crypto through regulated platforms with U.S. Bank but cannot purchase or hold crypto directly in your U.S. Bank account.
- Offers two higher-tier accounts, Gold and Platinum Business Checking, which have waivable monthly fees and allow more free transactions and other perks
- Has various banking products and services, which include business savings accounts, money market accounts, CDs, business credit cards, and financing solutions
Revolut: Best for international-based crypto companies doing business overseas
Revolut is one of the best crypto-friendly banks for businesses with international operations due to its wide currency support and token offerings.
What I like
- Multiple accounts in over 25 currencies to hold, exchange, and transfer money
- Spend in over 150 countries using Revolut card
- Multiple tiers to fit your business needs
Drawbacks
- Cannot purchase or trade cryptocurrency from US-based accounts
- Some features only in paid plans
- No guarantee you can sell cryptoassets at anytime since its based on a supply and demand system
Features
- Physical and virtual cards; the first plastic card ships free
- Four different company accounts and three freelancer accounts
- Local accounts opened up in USD, euros (EUR), and British pounds (GBP)
- Integration with Xero and QuickBooks
- Business online and mobile banking app
- 24/7 live in-app chat support
- Perks of paid plans include metal cards and better exchange rates
- Cash deposits accepted at Green Dot retail locations
When to choose Revolut
- You’re an internationally-based crypto company doing business overseas: Revolut is a solid choice because it can support accounts in multiple currencies
. • Supported currencies to receive money without a currency exchange: AED, AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RSD, SAR, SEK, SGD, THB, TRY, USD, ZAR • Supported currencies to receive money with a currency exchange to your main currency: INR (fr. India), IDR (fr. Indonesia), MYR (fr. Malaysia), PHP (fr. Philippines), VND (fr. Vietnam), KRW (fr. South Korea), CLP (fr. Chile), NPR (fr. Nepal), BRL (fr. Brazil), COP (fr. Colombia), LKR (fr. Sri Lanka)
. - You want token access: Revolut Ramp currently supports Bitcoin, Ethereum, Solana, and a number of ERC-20 tokens, while traditional banks like Chase and U.S. Bank don’t offer access to cryptocurrencies. Revolut adds new tokens each month.
- You’re looking for a fintech partner: As one of the most flexible crypto-friendly business bank options, Revolut offers fintech agility that traditional banks and other crypto-friendly banks can’t match. Compared with Mercury, Revolut’s platform provides more versatile multi-currency management, seamless app integrations, and real-time financial tracking, making it highly adaptable to changing business needs.
While US-based businesses cannot buy, sell, and hold crypto with their Revolut account, international businesses will find Revolut one of the best options. You should visit Revolut’s website for product pricing information in your local currency.
Another major potential drawback of Revolut for domestic customers is that funds held overseas may not be insured if the local accounts fail. Since transfers between Revolut accounts are free, it’s best to keep funds in your US-based account, which is backed by FDIC-insured banks.
- Provides the best exchange rates and perks in its three paid business accounts:
- Grow (£19 monthly, or ~23.76 USD)
- Scale (£79 monthly, or ~98.81 USD)
- Enterprise (custom price)
How I evaluated the best business bank accounts for cryptocurrency
To identify the best crypto-friendly business bank accounts, I focused on the practical needs of startups, small businesses, and Web3 teams that regularly engage with cryptocurrency. The goal was to highlight crypto-friendly banks that make it easy to manage fiat while supporting crypto-related activity in a compliant, reliable, and efficient way.
- Crypto transaction compatibility: I assessed banks based on their ability to support transfers to and from major crypto exchanges. Preference went to platforms with clear crypto policies.
- Account cost and accessibility: I reviewed accounts for affordability, including low or no monthly fees, no required balances, and fee transparency. Features like virtual cards, multi-user access, and easy account setup were also considered, as they are valuable for crypto-native businesses.
- Global payment support and fee structure: I looked for banks with cryptocurrency support for multi-currency transactions and flat-rate, transparent fees — key features for global crypto businesses.
- Business tools and software integration: I evaluated accounts based on compatibility with tools like QuickBooks and Xero, as well as built-in invoicing, automation, and reconciliation features. These integrations are essential for crypto-focused teams managing hybrid (fiat and crypto) financial workflows.
- Customer experience and platform usability: Customer service responsiveness, account approval speed, and ease of use, especially via mobile or online banking, were all factored into my evaluation. For fast-moving Web3 teams, smooth onboarding and dependable support are essential.
All data was collected from official sources as of April 2025. Note that bank policies around cryptocurrency are still evolving, so it’s important to verify the latest terms and crypto support options before opening an account.
Other considerations for crypto-friendly businesses
While your crypto-friendly business will need a checking account, there will be other products and services you will need for your company. Here are some other guides to consider when building or growing your business.
How to choose the right crypto-friendly bank for your business
While I’ve highlighted top crypto-friendly banking options for startups and small businesses, it’s important to evaluate your specific needs before choosing a provider. The right crypto-compatible bank can streamline payments, support exchange integration, and reduce compliance risks.
1. Confirm that the bank supports crypto-related activity.
Many banks still restrict transactions involving cryptocurrency. Before opening an account, confirm that the bank explicitly allows
- Sending or receiving funds from crypto exchanges (e.g., Coinbase, Binance, Kraken)
- Banking for Web3 startups, crypto trading, or blockchain-based businesses
Crypto-friendly banks for business, like Mercury, are transparent about supporting these activities, while others may restrict them.
2. Check compatibility with major crypto platforms.
If you transfer funds to and from exchanges or wallets regularly, look for crypto-friendly banks that allow
- ACH, wire, or debit transfers to crypto platforms
- Unblocked payments to known exchanges
- Integration with crypto apps, APIs, or bookkeeping tools
Some banks with cryptocurrency limits may block or delay your transfers, disrupting your operations.
3. Look for transparent, flat-fee pricing.
Crypto businesses often involve high volumes of global payments. Choose the best banks for crypto with the following:
- Flat and transparent wire and ACH transfer fees
- Clear currency exchange rates and fees (especially for sending USD to buy crypto)
- No hidden markups
Choose banks with low, transparent fees to minimize unexpected costs.
4. Evaluate account types and business features.
Ensure the bank offers a proper business checking account, not just a personal account. The best crypto-friendly banks offer
- Multi-user access for teams
- Support for LLCs and corporations
- Virtual cards for global or remote spending
- API access for automated payment flows
These tools are essential for crypto-friendly business banks that serve remote teams or scaling startups.
5. Prioritize software integrations and automation.
The best crypto-friendly banks integrate with
- Accounting platforms like QuickBooks or Xero
- Payment processors like Stripe or PayPal
- Internal tools via API for real-time transaction tracking and reconciliations
Integration helps automate reporting, stay compliant, and simplify crypto-to-fiat cash flow.
6. Check compliance posture and reputation.
A crypto-friendly bank should balance flexibility with reliable compliance. Look for the following:
- A clear onboarding process for crypto-related entities
- Positive feedback from other Web3 founders
- A transparent risk and compliance policy
Trustworthy cryptocurrency-friendly banks help mitigate compliance risks while supporting growth.
7. Confirm global capabilities if you operate internationally.
If you’re building a cross-border crypto business, choose crypto-friendly banks for business with
- International wire access
- Multi-currency account support
- No restrictions on cross-border crypto-related transactions
This flexibility ensures smooth global operations without unnecessary banking friction.
8. Review support quality and customer experience.
Crypto markets don’t sleep. Your best crypto-friendly banks should offer
- Responsive support (phone, chat, or email)
- Quick resolution for flagged transactions
- Clear help center content for crypto-related questions
Strong support can prevent payment delays, especially when dealing with exchange transfers or regulatory questions.
Pros and cons of crypto-friendly banks
Crypto banking vs crypto-friendly banking
Crypto banking lets you buy, sell, and hold crypto directly within your bank account. It’s a good fit for individuals or small businesses looking for convenience and all-in-one access to both fiat and crypto tools.
Meanwhile, crypto-friendly banking supports crypto-related transactions but doesn’t hold or manage crypto itself. It’s ideal for startups and Web3 businesses needing reliable fiat banking while using separate wallets or exchanges for crypto.
What you need to open a business bank account
Though each provider listed above may require different documents to open a business bank account, here is a general list of what you will need:
- EIN or Social Security number if you’re a sole proprietor
- Fictitious business name certificate or doing-business-as (DBA) certificate
- Business formation documents
- Organization documents, including your ownership agreements
- Business licenses
- Government-issued photo ID, such as a passport or driver’s license
Frequently asked questions (FAQs)
Crypto-friendly banks are more commonly found in the fintech sector rather than among traditional institutions. Fintechs like Mercury and Revolut are among the best crypto-friendly business banks, offering flexibility and features that cater to crypto-native companies. For example, Revolut supports crypto businesses outside the US, while Mercury is a go-to for US-based Web3 startups.
In contrast, many traditional banks restrict or decline crypto-related transactions. However, Chase is an exception with its blockchain-based platform (Onyx), making it a notable option among crypto-friendly banks for business.
Yes. Many crypto-friendly banks will allow you to open a business account that works with cryptocurrency. However, according to some Reddit users, some traditional banks and fintechs will deny your account if you list your business as a Bitcoin Mining or a Money Services Business (MSB). Be sure to research allowed business types before applying for an account.
The best crypto-friendly bank depends on your business location and operational needs. For US-based businesses, strong contenders include Mercury, Chase, and U.S. Bank, each providing a unique mix of traditional and crypto-friendly banking capabilities. For international companies, Revolut ranks as one of the best crypto-friendly business banks, especially for its global currency support.
Yes. Many popular crypto exchanges, such as Coinbase and Kraken, support institutional accounts and allow LLCs to open accounts. To comply with platform requirements, you’ll typically need to use your LLC’s business bank account for crypto purchases.
Bottom line
Because of cryptocurrency’s volatility and relative newness, many banks don’t allow any type of crypto-related transactions. The four providers listed here offer different levels of support for crypto-friendly businesses. Review the risks associated with investing in crypto and the financial institutions’ insurance offerings. Determine your banking needs, consult your financial professional, and choose the bank that best meets your needs.
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