crypto friendly bank
HSBC
Headquarters: London, United Kingdom • Founded: 1916
About HSBC
HSBC is ranked #8 in the list of largest global banks by assets under management. It serves retail and corporate clients worldwide, offering standard commercial banking, wealth management, and capital markets access. Regarding digital assets, its stance is crypto-friendly, offering integrations with major exchanges and custodians.
Regulations & Trust Profile
Banking License Type
commercial bank license
Licensed/Regulated By
United Kingdom Central Bank
MiCA Compliant (EU)
No / N/A
Deposit Insurance
United Kingdom Deposit Insurance (up to $100,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
$10/mo
Crypto Trading Fee
1.5%
Wire Transfer Fee
$15
Crypto Withdrawal Fee
$5
Pricing Notes: Crypto services may require external account linking.
Pros
- Huge liquidity
- Global network
- FDIC/local deposit protection
Cons
- Rigid traditional structure
- No direct custody of crypto assets
Frequently Asked Questions
Is HSBC safe for crypto?
Is HSBC FDIC insured?
Yes, standard cash deposits are insured under the United Kingdom Deposit Insurance scheme up to $100,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does HSBC support business accounts?
Yes, HSBC supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does HSBC operate in?
HSBC operates primarily in United Kingdom, and supports international clients from GB.
What are HSBC's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from HSBC?
No, HSBC only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.