Crypto-Friendly Business Bank Account
Cryptocurrency has revolutionised the way we handle money and transactions and many businesses are exploring how to integrate it into their day-to-day operations. One of the most important steps in onboarding cryptocurrency into your business is choosing the right bank. In 2025, opening a crypto-compatible business bank account is easier than ever.
This article will take you through the steps of opening a cryptocurrency-friendly business bank account and highlight some of the best options available for businesses involved in cryptocurrencies.
What is a Crypto-friendly business bank account?
These accounts are designed to integrate traditional banking services with cryptocurrency-related services, such as buying, selling, and holding digital currencies.
Traditional banks are typically hesitant to get involved in cryptocurrencies because of their volatility and regulatory concerns. However, cryptocurrency-friendly banks offer services that help businesses trade cryptocurrencies without the same limitations as traditional banks. These can include services such as cryptocurrency payment processing, in-house storage of cryptocurrencies, or the ability to exchange cryptocurrencies into fiat currency.
Why would you choose a crypto-friendly business bank account?
Getting a cryptocurrency-friendly business bank account has many benefits. If you’re looking to grow your crypto-based business, the right bank can provide you with a secure and easy way to manage both traditional money and digital currencies.
Why a business might opt for a cryptocurrency-friendly bank:
These accounts allow your business to send and receive crypto directly.
Crypto-friendly accounts are designed to work with crypto exchanges, wallets, and other platforms, making it easy to manage your assets and integrate with Crypto Platforms
These accounts tend to offer lower fees when dealing with crypto transactions, which can save businesses money in the long run.
A crypto-friendly account helps your business to expand internationally, as many crypto-friendly banks offer multi-currency options, ideal for global transactions.
Pick the right crypto-friendly bank
To decide on the right cryptocurrency-compatible business bank account there are many factors to think about, including:
- Crypto Support – some banks allow you to hold, buy, and sell cryptocurrency directly through your business account, while others only support transactions through third-party exchanges. Make sure the bank you choose offers the services you need.
- Fees and Limits – look for banks with reasonable fees for deposits, withdrawals, and crypto-related transactions. Check the limits on cash deposits and withdrawals, as some banks may have restrictions.
- Security – security should be a top priority. Ensure the bank has strong protections in place for both fiat and crypto transactions.
- Regulation and Compliance – check that the bank you choose complies with local laws and regulations surrounding cryptocurrency. This will ensure your business remains legally compliant.
Basic steps to open a Crypto-Friendly Business Bank Account in 2025
Opening a crypto-friendly business bank account involves several simple steps. Here’s a breakdown of what you need to do:
Step 1: Research crypto-friendly banks
Not all banks offer crypto-friendly business accounts, so the first step is to research which banks support cryptocurrency services. Some well-known options include:
U.S. Bank offers internal cryptocurrency custody services. It’s a great option if you want a traditional bank with crypto capabilities.
Chase offers its blockchain platform for domestic and international payments, though you cannot hold crypto directly with Chase.
Mercury offers unlimited transactions and integrates with popular crypto platforms.
Revolut supports crypto transactions and allows businesses to manage multiple currencies.
From the above options, you need to choose what is right for you, taking into account both the technical side and the charges, which in the long run add up to a considerable budget for a business.
Step 2: Prepare your documentation
Before opening your account, you will need to gather several documents. Here’s a list of the most common documents required:
Incorporation Documents, which may include articles of incorporation or a partnership agreement.
EIN (Employer Identification Number), a tax ID number required for most businesses.
Government-issued IDs, such as a passport or driver’s licence.
Business Licence, because some banks may require proof that your business is registered and licensed to operate.
Proof of Address, or a utility bill or lease agreement to confirm your business address.
To avoid delays, bottlenecks or even refusals to initiate a banking relationship, make sure that all your documents are up-to-date and meet all the requirements.
Step 3: Complete the application
As soon as you have chosen a bank and collected your documents, the next step is to fill in the application. Online applications are allowed at some banks, while others may ask you to physically go to the branch.
During the application process, you will usually be asked to provide:
- Details about your business’s operations, industry, and financial activities.
- Information about the owners of the business and their roles.
- Information related to our crypto transactions, how much crypto your business holds, and what crypto exchanges you use.
Step 4: Wait for approval
After submitting your application, the bank will review your documents and verify your identity. This step is especially important for businesses dealing with cryptocurrency, as banks are required to follow strict anti-money laundering (AML) and know-your-customer (KYC) regulations.
The approval process may take a few days to a few weeks, depending on the bank and the country in which you operate.
Step 5: Fund your account
Once your account is approved, you can fund it. Depending on the bank, you can deposit fiat currency or even use cryptocurrency in some cases. Some banks allow you to link your crypto exchange to your business account, making it easier to transfer funds.
Step 6: Start using your account
Once your account is funded, you can start using it for crypto transactions. This could include buying, selling, or holding cryptocurrency, making payments, or transferring funds to other accounts. Ensure that you understand any associated fees and limitations on the transactions you can make.
What are the most popular crypto account options?
Here’s a closer look at some of the top crypto-friendly business banks:
Revolut is suitable for international businesses as it allows them to manage multiple currencies and offers cryptocurrency trading services to customers located abroad.
Mercury fits for Start-ups and Web3 companies, integrates easily with popular crypto platforms like Coinbase, and offers up to $5 million in FDIC insurance for business accounts.
U.S. Bank is ideal for businesses looking for in-house cryptocurrency custody services. It also offers a free business current account with 125 free transactions per month.
What to consider when using a crypto-friendly bank
Before you start using your crypto-friendly business account, there are a few things you should keep in mind:
Regulatory Compliance: Ensure your business complies with all local regulations concerning crypto transactions.
Security: Look for banks that offer strong security features, such as two-factor authentication (2FA), encryption, and insurance for crypto holdings.
Transaction Fees: Some banks may charge higher fees for crypto-related transactions, so make sure you understand the fee structure.
Bottom line
Opening a cryptocurrency-friendly business bank account in 2025 is easier than ever.
By following the steps above and choosing the right bank, your business can seamlessly integrate cryptocurrency into its operations. Be sure to research your options, prepare your paperwork, and choose a bank that supports your business’s crypto needs. Whether you’re a startup or an established company, a cryptocurrency-friendly business account can help you grow in digital finance.
Read our article “Top 10 Crypto-Friendly Countries in 2025” for more useful insights.
Want to learn more about choosing and integrating such an account into your business? Want to learn how this can save you money and give you more options for development? Book a free consultation with our experts today.
Disclaimer
Widelia and its affiliates do not provide tax, investment, legal, or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, investment, legal, or accounting advice. You should consult your own tax, legal,l and accounting advisors before engaging in any transaction. Please consult https://widelia.com/disclaimer/ for more information.
