Which banks accept cryptocurrencies?

For the past few years, cryptocurrencies or virtual currencies have been on everyone’s lips. Many people consider it a safe and profitable investment without hesitation. Bitcoin, Ethereum, Litecoin, EOS… there are many crypto-currencies circulating today. The soaring prices attract more and more savers. But where to find these virtual currencies? Do neobanks and online banks offer them? If so, who are these banks using a peer-to-peer system to provide their customers with such currencies? A quick overview of these online banks offering cryptocurrencies.

Traditional banks

Many banks have thus entered the world of cryptoassets. The bank now believes that within a few years crypto-currencies will become a classic investment vehicle, just like stocks or bonds. By offering such innovative and attractive services, banks will be able to meet the growing demands of their customers. Many banking institutions have partnered with companies that specialize in cryptocurrencies, such as Lydia with the BitPanda platform.

• N26, a German neobank is developing a virtual currency exchange service ;
• US banks Morgan Stanley and JP Morgan are now offering bitcoin funds to their clients.
• Elsewhere in the world, other banks are also getting into the cryptoasset market:
• Boursorama allows its customers to link their accounts to cryptocurrency exchanges such as Coinbase, Binance and Kraken ;
• Forge, the blockchain subsidiary of Société Générale, has begun offering loans in DAI, a decentralized stablecoin that runs on Ethereum (ETH) and strives to maintain a $1.00 price.

In addition, a growing number of traditional banks are now accepting cryptocurrencies, such as Credit Lyonnais and Credit Mutuel, but these banks are limiting exchanges to regulated platforms that adhere to agreements related to anti-money laundering and anti-terrorist financing.

Online banks

To buy bitcoins today, you need to go through an online bank that accepts cryptocurrencies. Here are some of the online cryptocurrency banks that accept cryptocurrencies:

Revolut

Revolut is a new bank founded in London in 2015. The British fintech was the only new bank to adopt cryptocurrencies in late 2017. In fact, in December 2017, it offered its customers 3 types of cryptocurrencies. These are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). The main advantage of Revolut is that it offers an excellent user experience on iOS and Android mobile apps.

Wirex

Launched in 2016, Wirex is a British crypto neobank, i.e. a neobank dedicated to cryptocurrencies. It allows you to store, buy and trade different crypto-currencies such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Waves (WAVES), Dai (DAI), Stellar Lumens (XLM), Wirex Token (WXT), etc. With Wirex, you are free to set the selling or buying price of your cryptocurrency without following market orders.

Bitwala

Bitwala is a cryptocurrency bank founded in 2015 and based in Berlin, Germany. It allows customers to invest in cryptocurrencies from their bank accounts. To do this, it provides them with a traditional bank account with a Visa bank card and an electronic wallet. This allows them to make transactions between fiat and cryptocurrencies independently.

The crypto currency trading platforms

Here are the three best platforms for investing in crypto-currencies

Binance

Binance is the platform that users are most familiar with. Binance provides many features such as Launchpad, Stakink, NFT. The fees you are charged are the lowest in the market. This is the platform where you can buy the most crypto currencies. Most of the features are provided, some of them allow you to get a discount on the fees. With all its features, the platform is too complicated for beginners and the customer service needs to be improved.

eToro

After many comparisons, eToro is considered the best platform for investing in cryptocurrencies. It stands out because it excels in most aspects such as governance, security, simplicity and asset selection.

Zen GO

ZenGo is considered the best cryptocurrency app of 2022, but it is still unknown in France and in many countries. The app is very easy to use and buying cryptocurrencies on this platform is as simple as making a transfer with your card or PayPal.