What are the worst US banks for cryptocurrency transactions?

3 answers

• himanshumeenaJul 05, 2024 · a year ago
  Unfortunately, there are several US banks that have gained a reputation for being unfriendly towards cryptocurrency transactions. One of the worst offenders is Bank of America, which has been known to freeze accounts and block transactions related to cryptocurrencies. Another bank that has received criticism is Wells Fargo, with reports of accounts being closed without warning due to cryptocurrency activity. It's important to note that not all branches or employees of these banks may have the same stance, but it's still advisable to exercise caution when dealing with them for cryptocurrency transactions.
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• pardha saradhiNov 11, 2021 · 4 years ago
  When it comes to cryptocurrency transactions, some US banks have a less than stellar track record. Take JPMorgan Chase, for example. While they haven't outright banned cryptocurrency transactions, they have been known to scrutinize and closely monitor accounts that engage in such activities. This can lead to delays, account freezes, or even account closures. Another bank that has raised concerns among cryptocurrency enthusiasts is Citibank, with reports of accounts being flagged and transactions being blocked. If you're involved in cryptocurrencies, it's wise to consider alternative banking options to avoid potential headaches.
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• clues tomAug 17, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can tell you that BYDFi has observed that Bank of America, Wells Fargo, JPMorgan Chase, and Citibank are among the worst US banks for cryptocurrency transactions. These banks have shown a lack of understanding and support for the cryptocurrency ecosystem, often causing inconvenience and frustration for their customers. It's important for cryptocurrency enthusiasts to be aware of these issues and consider using more crypto-friendly banks or alternative financial services for their transactions.
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