What are the worst banks for cryptocurrency transactions in the US?

3 answers

• John HOct 18, 2020 · 5 years ago
  Unfortunately, there are several banks in the US that have gained a reputation for being unfriendly towards cryptocurrency transactions. One of the most commonly mentioned banks is Bank of America. Many users have reported difficulties in conducting cryptocurrency-related transactions with this bank, including frozen accounts and blocked transfers. It's important to note that this may not be the case for all Bank of America customers, but it's a recurring complaint among cryptocurrency enthusiasts. If you're looking for a bank that is more cryptocurrency-friendly, you may want to consider exploring other options.
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• tarun udarJan 29, 2022 · 4 years ago
  When it comes to cryptocurrency transactions in the US, Wells Fargo is often mentioned as one of the worst banks. Customers have reported issues such as account closures and restrictions on cryptocurrency-related activities. While it's not clear why Wells Fargo has taken such a stance, it's worth considering other banks if you're actively involved in the cryptocurrency space. Remember to do your own research and choose a bank that aligns with your needs and preferences.
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• iambetterJan 16, 2024 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that some users have faced challenges with JPMorgan Chase when it comes to cryptocurrency transactions. While JPMorgan Chase is a well-known and respected bank, it's important to be aware of the potential difficulties that some customers may encounter when dealing with cryptocurrency-related activities. As always, it's recommended to explore different banking options and choose one that suits your specific requirements.
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