Best Bank Account for Crypto

An important step to any serious investing in crypto currencies, is to have a checking account. A checking account is necessary to link your bank account to a crypto exchange, and start purchasing crypto. While there are many ways to enter the crypto space with fiat, short of you buying crypto from a private seller you know (which the government may frown upon); other alternatives may have high premiums.

As of 2020, many checking accounts today require a minimum daily balance of $1,500 which makes it difficult to invest if you don’t have a lot of disposable wealth. My first bank account was in Bank of America, the service was great; but I ended up closing my checking and savings account. It made no sense to leave a huge portion of my wealth in a checking account and savings account that gave me a couple of cents in interest a year. The reality is that “modern” banking has little upside incentives. In my opinion you can make more gains investing in crypto currencies during a bull market, than having your wealth sit in a bank.

My second banking experience was in Capital One, again the experience was positive, but they didn’t have all the services I hoped to take advantage of. The positive side is they are one of the few places that offer a free checking account, with their 360 checking.

This led me to TD bank. TD has a range of service that may be useful for any prospective crypto investor. Their services range from a $100 checking account to personal loans. If you are a new crypto investor or a current investor that wants to free up $1,400 from a high minimum checking account, I would consider TD bank.