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Which bank is best to buy crypto?
If you're looking for a **traditional bank** that supports **buying, selling, or holding crypto**, your options are limited because most banks restrict or discourage crypto purchases due to regulatory and volatility risks. However, some banks are more crypto-friendly than others, and several **neobanks and fintech platforms** offer seamless crypto integration.
### **Best Traditional Banks for Crypto (Least Restrictions)**
1. **Revolut** (UK/EU) – Allows buying, selling, and holding crypto (BTC, ETH, etc.).
2. **N26** (EU) – Supports crypto transactions but not direct purchases.
3. **JP Morgan Chase** (US) – Allows wire transfers to regulated exchanges like Coinbase.
4. **Goldman Sachs** – Offers Bitcoin futures trading for institutional clients.
5. **Standard Chartered & BBVA** (Europe) – Crypto custody services for institutions.
⚠️ **Warning:** Many traditional banks (e.g., **Bank of America, Wells Fargo, HSBC, Lloyds**) **block or limit** crypto transactions.
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### **Best Crypto-Friendly Neobanks & Fintech Apps**
If your bank blocks crypto purchases, these alternatives work well:
| **Platform** | **Features** |
|--------------------|-----------------------------------------------------------------------------|
| **Revolut** | Buy/sell 100+ cryptos (but you don’t own the keys). |
| **Wirex** | Crypto debit card, spend crypto like cash (supports BTC, ETH, XRP). |
| **Binance Card** | Visa debit card linked to Binance account (works where Visa is accepted). |
| **Kraken Bank** | Crypto-friendly banking (US-based, coming soon). |
| **Monzo/Starling** | Allows transfers to exchanges but no direct crypto trading. |
---
### **Best Crypto Exchanges to Use With Banks**
If your bank allows transfers to exchanges, these are the safest options:
1. **Coinbase** (Best for beginners, regulated, supports SEPA & wire transfers).
2. **Kraken** (Low fees, good for advanced traders).
3. **Binance** (High liquidity but faces banking restrictions in some countries).
4. **Gemini** (Regulated, supports ACH transfers in the US).
---
### **How to Avoid Bank Blocks When Buying Crypto**
- Use **SEPA (EU) or ACH (US)** transfers instead of debit cards (higher fees & blocks).
- Try **intermediary banks** like **Revolut → Exchange** (bypasses restrictions).
- Use **P2P exchanges** (LocalBitcoins, Paxful, Binance P2P) if your bank blocks exchanges.
---
### **Final Verdict**
- **Best for EU/UK:** **Revolut** (easiest) or **Coinbase + SEPA transfer**.
- **Best for US:** **Coinbase/Gemini + ACH transfer** (Chase & Goldman Sachs work best).
- **If your bank blocks crypto:** Use **Binance P2P, Kraken, or Wirex**.
Would you like recommendations based on your country?
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