What is crypto banking?

Crypto banking is an informal label for services that connect cash-account or payment functions with separate digital-asset tools. It is not one legal account type. Compare the cash provider, the digital-asset provider, custody, fees, records, and protections as separate layers before transacting.

Topic hub · Updated August 6, 2026

Crypto banking 2026: connecting cash and digital assets.

"Crypto banking" is an informal product category, not one legal account type. An app can place cash and digital-asset tools in one interface while different legal companies perform each function. That distinction matters: a cash balance may be held through an eligible deposit arrangement, while a digital asset may be held by a custodian or in a wallet you control.

Compare the layers separately

Layer	What to identify
Cash account	The legal institution, account agreement, eligibility, and any deposit disclosures.
Digital-asset service	The exchange, liquidity, custody, or wallet provider named in the current flow.
Custody / keys	Whether you or a custodian controls wallet access and recovery.
Transfers	Supported assets, networks, locations, limits, and destination rules.
Cost	Platform, spread, network, transfer, and expedited-service costs before approval.
Records	Date, amount, asset, network, destination, transaction ID, fee, and contemporaneous value.
Protections	Separate eligible cash-deposit protections from digital-asset risk and nonbank-provider failure.

Deposit insurance does not extend to crypto

The FDIC is explicit: deposit insurance protects eligible deposits at insured banks when an insured bank fails. It does not insure crypto assets and does not protect against the failure of a nonbank company. Read the FDIC fact sheet and never treat an app-wide bank reference as coverage for every product.

Start here

Where Kronos fits

Kronos is an iOS money app for gig workers and freelancers with a non-custodial wallet for supported digital-asset activity where enabled. KronosPay LLC is a financial technology company, not a bank. Provider-dependent features appear in the app only where currently enabled, with asset, network, fees, timing, and protections shown before approval. Read the bank-status page.

Primary sources

General educational information only; not financial, investment, tax, or legal advice. Digital assets can lose value and are not bank deposits or FDIC insured.