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I recently read an interesting article from BINANCE about Switzerland's Crypto Valley, giving some names of crypto friendly banks…
It got me thinking – while it's definitely a hotspot for crypto businesses, there's a whole world of possibilities beyond its borders. And let's be honest, banks aren't exactly everyone's cup of tea when it comes to crypto (although some are pretty cool!).
So, I decided to dig deeper and explore a diverse range of crypto-friendly options…
Alternative Crypto Friendly Banks
Switzerland's Crypto Valley is like the Mount Everest of crypto innovation, but there are other established financial hubs like London (Revolut, Monzo), New York (Ally Bank, Cash App), Singapore (DBS Bank, Quontic) and Dubai (Wirex)... Please DYOR, as usual…
Why using a bank when you can use DeFi?
You may want to use a bank if you are a bit traditional… However, you can lend your cryptos with interests and borrow USD for your purchases on DeFi platforms like Aave (on Polygon or any other EVM chain), (on Solana) or (on Starknet). You may get a nice airdrop by using
How to choose?
The right choice depends on your needs and goals:
- Investment Goals: Do you want to trade frequently, hold for the long term, or earn passive income through DeFi?
- Regulatory Preferences: Do you value the security of regulated platforms, or are you drawn to the autonomy of decentralized options?
Remember, diversification is your best friend! Don't put all your crypto eggs in one basket. Spread your holdings across different platforms and asset classes to manage risk and maximize your potential.
P.S. Want to dive deeper into specific platforms? Let me know your interests, and I'll happily share some personalized recommendations!
Disclaimer: This is not financial advice.
