• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Tips for Choosing a Bitcoin-Friendly Bank -Expert

by Our Correspondent
3 years ago
in News
Bitcoin
Share on WhatsAppShare on FacebookShare on XTelegram

Many banking institutions were initially skeptical about cryptocurrencies. Some cited their decentralization and high volatility as significant threats to the traditional monetary systems. However, Bitcoin’s rapid success has seen institutional investors suddenly shift towards crypto. Several leading banks have adopted Bitcoin today, offering their customers cross-border money transfers, custodial services, and virtual investment management solutions. Thanks to reliable crypto exchange platforms such as quantum-ai-trading.com, you can quickly move funds from your bank account to a crypto wallet and vice versa for daily purchases, investments, and long-term storage.

Advertisement

Banks have played a critical role in bridging the gap between the traditional financial systems and the crypto industry. However, a handful of banks still do not recognize crypto. Here’s a guide on how to choose a Bitcoin-friendly bank.

Licensing

Most countries that allow cryptocurrencies have established laws recognizing crypto businesses. Thus, cryptocurrency-based businesses are legitimate commercial enterprises, subject to licensing. The requirements vary across states, countries, and regions, but all the businesses that conduct crypto transactions must obtain relevant certification and licenses to operate.

The licensing serves as a measure for consumer protection, ensuring you have a cover in case of disputes with Bitcoin transfers or asset management. Thus, you should ensure that the bank you intend to use in transacting Bitcoin is licensed to provide crypto services. Choosing a licensed bank will also guarantee good customer service.

RELATED

Auto Draft

Yobe Plans Grand Reception For Global English Champion Nafisa

15 seconds ago
We Are Here To Fix VON As True Instrument Of National Power – DG Ndace

We Are Here To Fix VON As True Instrument Of National Power – DG Ndace

6 minutes ago

The bank you use to process Bitcoin payments, invest in crypto, or store your assets should be licensed to offer those services in your state, country, or region. A trusted bank will display its licensing number on the website for proof of legitimacy.

Crypto Services

Bitcoin has created multiple opportunities for banks to increase their portfolios and incomes. However, that does not mean you will always find all the crypto services you need from banks that accept Bitcoin. Some Bitcoin-friendly banks only offer crypto exchange services, while others cater to a wide range of crypto investment solutions.

Most crypto-friendly banks offer cryptocurrency conversion, trading, and payment processing services. Also, they provide custodial and virtual asset management services. Some banks will also offer alternative crypto investments such as futures and stocks for those who may not wish to invest in Bitcoin directly. Nevertheless, choose a bank that provides various Bitcoin-related services for convenience.

Choosing a Bitcoin-friendly bank that offers all-inclusive crypto services will ensure greater convenience if you may wish to invest in digital assets in the future. Such a bank can advise you on the most suitable Bitcoin investments that meet your goals and expectations. Besides, it would also enable you to understand the crypto market better.

Customer Support

Bitcoin is a decentralized currency whose transactions occur on the blockchain network without third parties. However, dealing with banks can sometimes come with unique challenges since many are still new to crypto. Besides, you want to ensure that the bank will not hold your payments and keep you waiting for several hours or days before getting confirmation.

Reading the customer reviews of a few Bitcoin-friendly banks online will give you a better picture of their customer services. Besides, you may ask some of your friends or family who have used banks to transact Bitcoin before for recommendations. Although the basis of their testimonials is mainly individual experiences, they can give you a better picture of what to expect from different Bitcoin-friendly banks.

Overall, there are several Bitcoin-friendly banks across the globe today. These guidelines will help you choose the best bank to transact and invest in Bitcoin safely and efficiently.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Bitcoin
SendShareTweetShare
Previous Post

June 12: As A Unifier, Atiku Sacrificed For Abiola’s Victory – Mahmood

Next Post

June 12: Group Commends Obuah, Says Democracy Has Come To Stay

Our Correspondent

Our Correspondent

You May Like

Auto Draft
Education

Yobe Plans Grand Reception For Global English Champion Nafisa

2025/08/05
We Are Here To Fix VON As True Instrument Of National Power – DG Ndace
News

We Are Here To Fix VON As True Instrument Of National Power – DG Ndace

2025/08/05
Peace Project: Governors, Ohanaeze Not On Warpath With Me – Kalu
News

Reps To Vote On Special Seats Bill, Others October

2025/08/05
Abia, NRCRI To Establish Agro-processing Zone
News

Group Strategise Against Kalu In 2027

2025/08/05
Rivers: Opposition Alleges Plot To Impeach Fubara Through Court
News

Rivers Govt Lauds Oil Firm For Upgrading Health Facility

2025/08/05
Group Trains Over 1,000 FUTO Students In Digital Intelligence To Boost Future Careers
News

Group Trains Over 1,000 FUTO Students In Digital Intelligence To Boost Future Careers

2025/08/05
Leadership Conference advertisement

LATEST

Yobe Plans Grand Reception For Global English Champion Nafisa

We Are Here To Fix VON As True Instrument Of National Power – DG Ndace

Ex-Asernal Footballer Partey Granted Bail On Rape Charges

Group Alleges Use Of Courts Against Kebbi Opposition

ADC Chieftain Advises El-Rufai Against Hijack Of Party

Labour Party To Sue INEC Over Candidates’ Exclusion

Reps To Vote On Special Seats Bill, Others October

Group Strategise Against Kalu In 2027

Rivers Govt Lauds Oil Firm For Upgrading Health Facility

Group Trains Over 1,000 FUTO Students In Digital Intelligence To Boost Future Careers

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.