Published at OFFSHORE COMPANY.
Simple Bank is a US-based bank which works with a number of different cryptocurrency exchanges. Simple Bank allows account holders to buy and sell cryptocurrencies. Deposits made to Simple Bank accounts are FDIC insured. This is a huge advantage for those worried about the reliability of cryptocurrencies. However, Simple Bank account holders are required to be individuals who reside within the US. American citizens living abroad are cannot hold accounts with Simple Bank. Foreign nationals are also unable to open accounts with Simple Bank.