Summary: Vast Crypto Banking is the first FDIC Insured US Bank that allows customers to natively buy, sell and hold cryptocurrencies through their mobile app. It is a safe and easy way for cryptocurrency investors to store and earn yield on their digital assets.
Vast Crypto Bank Review Highlights
Platform Highlights
- FDIC Insured Bank with 3.75% Certificate of Deposit rates.
- 2.05% APY Checking accounts that are 50x higher than national average
- High Crypto deposit rates with up to 6% APY on USDC stablecoins
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What is Vast Bank?
Vast Crypto Banking is the first FDIC Insured US Bank that allows customers to natively buy, sell and hold cryptocurrencies through their mobile app. It is a safe and easy way for cryptocurrency investors to store and earn yield on their assets.
The Vast Crypto Banking platform currently offers 12 cryptocurrencies which includes Bitcoin, Ethereum, Cardano, Chainlink, Cosmos and many others. When you buy and hold, or deposit one of the supported coins on the Vast Bank app, you automatically start earning a 0.30% APY on your assets.
Is Vast Bank Safe?
Vast Bank is arguably the safest way to hold and earn yield on your cryptocurrency assets due to the fact that they are regulated and have FDIC Insurance for up to $250,000 per customer. They are a nationally chartered US Bank that are based in Tulsa, which makes Vast Bank an extremely convenient option for locals in the USA that are looking for peace of mind when it comes to securing their crypto assets.
Vast Bank Fees
Vast Bank currently charge a 1% trading fee when you buy or sell one of the 12 cryptocurrencies listed on their platform. While this is slightly cheaper than Coinbase, it is significantly more expensive than other options in the United States like eToro.
About Vast Bank
Vast Bank is a new generation of financial institution, offering both traditional banking services and cutting-edge crypto banking solutions. Their platform provides clients with the best of both worlds – the stability and security of traditional banking, combined with the innovative features and opportunities of the digital currency space.
Vast Bank is built on a foundation of trust, transparency and security. They offer a full range of banking services, including checking and savings accounts, loans and credit products, investments and wealth management solutions. And for clients looking to get involved in the digital currency space, they offer a suite of crypto-related services, from storage and custody to trading and lending.
Vast Bank is a regulated financial institution, licensed and registered with the State of Wyoming Division of Banking. They are also a member of the FDIC. Vast Bank was founded in 2018 by a team of experienced bankers, technologists and entrepreneurs in the USA.
Final Thoughts
Vast Crypto Banking is a promising new player in the cryptocurrency space. Their innovative platform provides users with an easy and secure way to buy, sell, earn yield on their digital assets and use traditional banking services. Vast Bank’s competitive interest rates, low fees, safety features and US-based compliance makes them a great option for crypto investors.
If you’re looking for an easy and safe way to buy, sell, store and earn yield on your crypto assets, Vast Bank may be the perfect solution for you.
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Author
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
