Top 10 Bitcoin Bank Accounts

By Crypto News Australia August 14, 2023

Many banks have been slow on the uptake with cryptocurrency due to the uncertainties and the potential high-risks. However, we have seen an increase in crypto currency banking options over the years and it has opened a variety of doorways for crypto traders. For individuals or companies that deal with cryptocurrency transactions on a regular basis, they need a suitable solution that enables them to hold their funds securely.

“Bitcoin companies have had difficulty opening traditional bank accounts because lenders have been leery of bitcoin’s links to illicit activity. Nonetheless, Australian banks have adopted the blockchain technology on which bitcoin is based” – Source:

Unfortunately, there seems to be a lack of crypto friendly bank options in Australia at the moment, hopefully this is an issue the 4 major Australian banks can address soon. In the meantime, we have collated a list below of 10 popular Bitcoin banking solutions worldwide that can make your Bitcoin trading more convenient. Alternatively, you can check Crypto Exchanges in Australia some of which can hold your crypto assets as a company.

1. Wirex

Wirex is an exceptionally reliable crypto banking friendly and a perfect wallet provider used to buy/sell cryptocurrencies based out in Britain. This will be the first Wirex currency available in the UK, Wirex currency is 100% secure and fully registered with the UK financial conduct authority.


A real debit card will be linked to your account but it gets even better, you will get 0.5% cashback in the form of BTC. Here are a couple of USPs that are available due to using crypto friendly UK based banking service:

Benefits of Wirex

  • You can buy, store and manage your cryptocurrency as well as traditional money.
  • Insert funds using a credit card, debit card or wire bank transfer.
  • You can instantly trade between Bitcoin and traditional currencies at live rates.
  • You can link your Wirex Visa payment card to convert and spend your cryptocurrency in-store and online
  • Easily send over 15 traditional and digital currencies around the world.
  • Using SEPA/SWIFT/Faster payments to transfer funds in and out of your account makes it much easier.
  • Unrestricted borderless payments are available across the world.

2. Change Bank

Change Bank is another crypto-friendly bank in Europe which is continuing to grow to be one of the best crypto banks. The crypto wallet of Change is in operation, thanks to the huge funding. They also have Bitcoin, Ether, Litecoin and Ripple in-app trading which is commission-free.

Change has set up their apps on IOS and Android but only European customers can gain access to their crypto friendly/bitcoin bank. Change will be introducing their native credit/debit card, wallets, and IBAN numbers. They will also be aiming to obtain a European payment license and to get a full-fledged bank license.

Benefits of Change Bank

  • Dynamic bounded access to cryptocurrency investments.
  • Able to invest as little as £1.
  • You can link your Crypto debit card with your mobile app for easy access.

3. Revolut

Revolut was registered in Britain and started out as a cryptocurrency bank, but has transformed into a full-fledged bank since 2015 with over 2 million customers.

The service is only available in the UK and European regions. Australia currently can access Revolut. Furthermore, businesses and individual scan use their cryptocurrency bank account. Additionally, built in functionalities have been implemented to help you buy bitcoin and other cryptocurrencies.

There are three types of accounts: Standard, Premium, & Metal so you can choose whichever suits you for international banking as well as your crypto needs.

Additional info about Revolut

Premium users have access to all services to your own personal account. Here is the benefits of Premium:

  • Three free premium cards
  • Overseas travel insurance
  • Unlimited currency exchange
  • Quick access to cryptocurrency

Metal users have accessibility to services that premium users can use. Here are the benefits of Metal.

  • Contactless stainless Revolut card
  • One lounge pass
  • Cryptocurrency/currencies cashback
  • Three time withdrawal from standard account

Standard users have access to the basic services, here is the benefits of a standard account:

  • Free card transactions
  • Spend and Exchange up to £5000 per month

4. Bankera

Bankera has built a simple bank for the blockchain era, Bankera aims to form a bridge linking the traditional banking world with blockchain technology.

Bankera have also developed another cryptocurrency called Spectrocoin which shows the capability of Bankera to build bridges and become one of the best cryptocurrency banking applications.

Bankera benefits

  • Competitive rates
  • No hidden fees
  • Flexible repayments
  • Very high to low value of 75%

5. Monaize

Monaize is an integrated banking platform for crypto and bank account users. It is a European e-banking network with a mobile-first model intended to provide freelancers and small companies with current accounts.

They do have an online KYC test mechanism in place for onboard companies, and in contrast to conventional banks it would only take a few minutes to do so.

Also, Monaize aims to work inside the existing banking system, thus opening up to the blockchain ecosystem to small enterprises in order to increase adoption.

In 2019, Monaize will extend its servicesto United Kingdom, Germany and the United States, before reaching out to other countries.

6. Bitwala

Bitwala app provides with many features such as being able to invest in a variety of cryptocurrencies directly from your bank account. Furthermore, there intuitive app adopts the ease of a trading smoothly with cryptocurrencies without any hassle and buying/selling Bitcoin with just a few swipes.

Bitwala app provides many features, such as being able to invest in a variety of cryptocurrencies directly from your bank account. Furthermore, their intuitive app adopts the ease of trading smoothly with cryptocurrencies without any hassle and buying/selling Bitcoin with just a few swipes.

Bitwala supplies users with high trading at low cost, offering users a 1% fee to trade up to €30,000 assisted by in-app trading charts, resulting in real-time detailed market insight’s giving users the confidence to trade smoothly.

7. Ally Bank

This bank is fully regulated by US laws and provide cryptocurrency exchanges like Coinbase. Moreover, this is a digital platform and doesn’t have a physical branch, 24 hours of online support will be available.

Ally Bank provides detailed information about trading and investing to give new users an insight on what to do and information to help them with their activities. 

Benefits of Ally Bank

  • Offers interest bearing checking account includes solid rates
  • Low fees
  • Free access to over 43,000 ATMs nationwide
  • You will be refunded for any charges when using aout of network ATM in the US.

8. Simple Bank

Simple Bank started up as a Fintech start-up of the modern-day which now has been transformed into an FDIC backed/insured bank for US citizens.

This application has worked alongside various cryptocurrency exchanges making it one of the friendliest cryptocurrency banks for US residents.

Benefits of Simple Bank

  • Expenses and Goals are covered
  • Smarter spending decisions
  • Managing your money and spending habits
  • Budget plan
  • Build up savings
  • App allows you to track your money with precision

9. The National Bank of Canada

The National Bank of Canada has kept a good relationship with cryptocurrency businesses unlike some other Canadian banks, a Canadian resident could use this bank to buy/sell cryptocurrencies such as lithium and Bitcoin. Heavy regulation and scrutiny analyses transactions carefully even though they allow crypto transactions.

On the other hand, Canadian banks such as Royal Bank of Canada and Toronto Bank has forbidden their customers from using their bank service to buy and sell cryptocurrencies.

Benefits of The National Bank of Canada

  • Vast range of features
  • Ability to trade using Cryptocurrencies

10. Bitpanda

Bitpanda is one of the most popular cryptocurrency bank accounts, they provide users with easier and faster access to a variety of digital assets and cryptocurrencies while allowing users to have full control over their portfolios.

Multiple payments available such as being able to pay by credit card, NETLLER, Skrill, amazon and much more.

Benefits of Bitpanda

  • Easy and convenient to use
  • Fast and reliable
  • Buy and sell securely
  • Multiple payment options
  • Send digital assets to other users for free

Read More on Crypto News Australia

The world of cryptocurrency is constantly changing. You can stay up to date with the latest Australian Crypto news here. Or, if you would like to learn more about digital currencies, then please visit our Guides section for more tips, advice, and information.


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