Best Banks for Crypto Traders: Crypto-Friendly Banking?!
Banks can close accounts with little notice, the blog noted, and moving the funds out of a closed account can be challenging.
The banks are reportedly taking these actions when the customer buys or sells bitcoin using their bank account. A transaction with a message field that includes the word “bitcoin” can alert the bank to take action.
Banks can also become alarmed when a customer adds a debit card linked to a Coinbase account to their bank account.