Note, there are referral links below, so I am declining payout for this post
There are lots of ways to purchase crypto. Unfortunately, there are only a small number of banks who are willing to play ball (ACH, debit Visa, etc.)with companies tied to cryptocurrencies.
One bank that I found that has yet to deny a crypto-related transaction is Navy Federal Credit Union.
https://www.navyfederal.org/membership/become-a-member/ not a referral link
To get an account, you need to have a family member who is a present or former member of the military, though I am not sure how this is enforced. I am former Air Force, so no issue for me.
I have successfully used Navy Federal Credit Union for all of the services below, and more (most are referral links).
- Coinbase
- CashApp
- BlockFi
- Crypto.com App
- Voyager
- Splinterlands (via Paypal)
- Abra
It's surprising to me that something called Navy Federal Credit Union would have such a liberal policy on crypto banking, but it's good to know there are some banks out there who let you do whatever you want with your money. If you are eligible for an account, I highly recommend them.
Are there any banks you have found that make transacting with crypto companies easy? Please let me know in the comments.