Best Cryptocurrency-Friendly Banks: Portugal's Bison Bank

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Overview of Bison Bank

Founded in 2001, Bison Bank is a fully licensed Portuguese bank headquartered in Lisbon. Regulated by the European Central Bank, it holds the distinction of being Europe's first—and currently only—bank authorized to provide cryptocurrency services alongside traditional banking. Notably, it's also a designated RMB clearing bank (CIPS) approved by China's Central Bank.

Key Services Offered

Innovative Cryptocurrency Solutions

1. Dual-Account System

The world's first bank-issued dual-attribute accounts allowing instant conversion between fiat and cryptocurrencies.

2. Exchange Services

Seamless crypto-to-fiat conversions with competitive rates.

3. Clearing & Settlement

👉 Advanced multi-address transaction processing for both crypto and traditional currencies.

4. Institutional Custody

Bank-level cold storage solutions with multi-layered encryption for individuals and enterprises.

Exclusive Features

Account Opening Requirements

  1. Passport (Notarized + Portuguese embassy certification for mainland Chinese clients)
  2. Employment/Income Verification (English version)
  3. Portuguese tax ID (Bank assists applicants)
  4. Address proof (<6 months old, English translated if needed)
  5. Minimum deposit: €50,000

Fee Structure

Why Choose Bison Bank?

With its unique regulatory approvals and hybrid financial infrastructure, Bison Bank bridges traditional finance and the crypto economy like no other institution. Its 👉 cutting-edge custody solutions make it ideal for high-net-worth individuals and crypto-native businesses seeking banking partners.


FAQ Section

Q1: Can non-EU residents open accounts?
A: Yes, the bank accepts international clients with proper KYC documentation.

Q2: What cryptocurrencies are supported?
A: Major coins like BTC, ETH, and stablecoins, with periodic additions.

Q3: How long does account approval take?
A: Typically 10-15 business days after complete document submission.

Q4: Are corporate accounts available?
A: Absolutely, with enhanced services for blockchain businesses.

Q5: Is the €50,000 deposit refundable?
A: Yes, it remains part of your account balance available for withdrawal.

Q6: Does the bank offer crypto tax advisory?
A: Yes, through its private banking division for qualified clients.