Since the beginning, cryptocurrencies and banks have not been friends, and seeing these two together proves that technology dictates how finance works. However, cryptocurrencies have been gaining insane popularity during the last few years. In one of the reports from Triple-A, it was shown that India had the highest number of cryptocurrency owners surpassing more than 100 million individuals in 2021, while Ukraine had the highest percentage of owners based on population, representing 12.73%.
Additionally, the fintech boom in 2021 proved that banks and crypto can be united. Banxe is a real example of a collaborative approach between traditional and digital finances.
What is a Crypto-Friendly Bank?
Usually, you call a crypto-friendly bank, a financial institution that provides banking services and allows you to complete transactions with crypto too. You can receive, send, hold, exchange, and pay with both fiat and crypto using the services of a crypto-friendly banking provider.
What is the difference between a crypto bank and a crypto-friendly bank?
First, what is a crypto bank? Crypto banks are banking institutions that engage in the standard range of money-related activities like deposits and withdrawals, savings, lending and borrowing, and investing in a broader range of instruments and markets. Crypto banks have integrated cryptocurrency into these financial functions. Examples of crypto banks are Bitwala, Kraken, and Spot9.
However, if you ask a majority of users what a crypto-friendly bank for them is, you may receive a simple reply that a crypto bank is something complicated whilst a crypto-friendly bank is a banking serviced provider that also implements crypto into its operations and allows you to skip the part where you need to have both crypto platform and bank in two different accounts.
Can Businesses use Crypto-Friendly Banking?
Yes, absolutely. There are multiple ways businesses can implement crypto into their operations and increase profitability. First, companies can receive and send payments in cryptocurrencies. More than 300 million people worldwide are using crypto, which expands your business’s possible clients by millions of people. The second option is to use crypto as an investment. MicroStrategy, Square, PayPal, Cash App, Tesla, and many other companies use crypto as their investment resources. Third, crypto allows businesses to complete instant transfers worldwide, giving them a massive advantage compared to traditional banking methods.
Our motto as a crypto-friendly banking provider
We strive to provide banking services for everyone regardless of location, country and currency. That is why we unite more than 500+ cryptos with fiat currencies. Our priority is to ensure that your financial journey is smooth and easy and that you stay connected to the whole world from any point of the world.
How to start
You don’t need to be a PRO crypto investor or a financial specialist. Our team worked patiently to create the most convenient platform layout. Our support is always there for you in case you have questions. Simply click on “Start now” and complete the registration to be able to use Banxe fully. To create an account, you’ll need to verify your identity by providing personal information and a selfie. This helps to prevent identity theft. Our friendly and reliable Compliance and AML procedure can require additional documents.
What do you get by joining Banxe?
- Access to 500+ cryptocurrencies
- Instant worldwide transfers
- Easy crypto-fiat and fiat-crypto exchange flow
- EUR/GBP transactions
- IBAN
- Easy money withdrawals
- Human support
- Personal Data and Funds protection
Fees
If you are an individual, Banxe does not charge any registration or account fees. It is free for you to join Banxe. For business accounts, there is an application fee. All accounts have the lowest crypto-fiat and fiat-crypto exchange rates. The most common rate is a 0.75% fee per exchange transaction.
Security
We are committed to protecting your personal data. We employ advanced security practices and follow privacy policy requirements. We use Amazon Web Services (AWS) to host the infrastructure. Your funds are held in regulated custodial accounts in High Street banks. Under FCA regulation, your money is protected and is always accessible at the moment you request a withdrawal.
Try banking with Crypto, join Banxe today.
Any questions? Please contact us at support@banxe.com
