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Juno is a financial platform that offers high-interest checking accounts as well as the ability to buy and sell cryptocurrency, all in one app. Juno offers FDIC-insured bank accounts with a linked rewards debit card, and even the ability to pay yourself in crypto automatically.`
This review will examine the top features of the Juno platform, including security, available crypto, checking account interest rates, fees, user experience, and customer service. Moreover, it will step through the process of how to create a Juno account and compare it to the best crypto platforms to earn interest in the industry.
Juno is a growing crypto banking solution that offers high-interest rates on USD deposits, and even better bonuses for crypto holdings. Add to that a rewards debit card and full checking functionality, and Juno is a great all-in-one financial service. Although, for investors that want greater functionality and selection of crypto-assets, the choice on Juno is quite limited at this time.
- Up to 1.20% interest on deposited USD (on certain accounts)
- Built-in crypto exchange platform
- Rewards debit card with cash back and crypto rewards
- Ability to transfer crypto to external wallets (even on L2s)
- Referral program pays out $100
- Limited to 8 cryptocurrency assets to earn yield
- US dollar is the only fiat currency supported
- No advanced crypto exchange features, charting or order types
Juno is an online-only bank that offers a checking account service, as well as crypto exchange services to customers. Juno was founded in 2019 by co-founders Siddharth Verma, Ratnesh Ray, and Varun Deshpande as a banking service company, but has since added cryptocurrency support. The company is based in Singapore, with offices in San Francisco, CA, and India.
Juno is not technically a bank, but a fintech company that offers banking and crypto exchange services, partnering with Evolve Bank & Trust for bank deposits and Synapse for crypto services. Juno specializes in high-yield checking accounts, offering up to 1.20% APY (on select accounts). Juno supports 8 different cryptocurrencies and is currently offering no trading fees for buying or selling crypto.
To summarize, the key features and products of Juno are:
- High-yield checking accounts
- Rewards debit card paying up to 10% interest on crypto
- Crypto exchange with 8 assets
- Crypto bonuses on USDC holdings
- Automatic crypto conversion from paychecks
- Banking custodial services provided by Evolve Bank & Trust
- Digital assets secured by partner Synapse
|Supported Fiat Currency||US Dollars only|
|Deposit Methods||ACH, debit cards, and wire transfers, cryptocurrency|
|Accepted Cryptocurrency||8 (BTC, ETH, ADA, XRP, and 4 others)|
|Trading Fees||None (spread only)|
|Withdrawal Fees||None (network fees only)|
Review of the Top Features on Juno
High-Yield Checking Accounts
Juno offers high-interest rates on traditional checking accounts, paying up to 1.20% interest on the highest tier account. These accounts offer free rewards debit cards, no minimums, and no maintenance fees to open. And users can choose to pay with cash or USDC balances, with the ability to switch currencies at any time. There are two different tiers of checking account, with different benefits for each:
|Juno Features||Basic Checking||Metal Checking|
|Interest APY||1.20% (up to $5k balance), 0.25% ($5k to $100k balance), 0.0% (above $100k balance)||1.20% (up to $50k balance), 0.25% ($50k to $100k balance), 0.0% (above $100k balance)|
|Cashback Bonus||5% when paying with cash, 10% when paying with USDC* (at select retailers), Up to $50 per year||5% when paying with cash, 10% when paying with USDC* (at select retailers), Up to $300 per year|
|Debit Card Type||Plastic card||Metal card|
|ATM Reimbursements||One per month, $4 max||3 per month, $4 max each|
|Direct Deposit Requirement||None||$250/month direct deposit required|
Both accounts offer a Mastercard rewards debit card, which offers cash (or crypto) back on purchases through partner retailers. High-yield checking accounts compound daily and are paid out on the 1st of the month for both account types. Juno even offers a compound interest calculator to visualize how a user’s account can grow over time which is a useful feature for beginners.
Checking accounts are only available as individual accounts, though joint accounts are on the company’s roadmap. All accounts come with $250,000 in FDIC insurance protection per account as well.
Juno has a built-in cryptocurrency exchange, managed by Wyre, that allows users to buy and sell crypto with no additional fees. There is a spread fee through the custodian service that processes crypto transactions, which Juno says hovers around 2% (but varies per transaction). Payment can be made via credit and debit cards, Venmo and Cash App.
The 8 cryptos supported on the Juno exchange are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Polygon USDC (MUSDC)
- Avalanche (AVAX)
- Chainlink (LINK)
- Aave (AAVE)
- Uniswap (UNI)
The process of buying crypto is fairly straightforward, allowing users to select crypto, choose an amount to purchase and place an order. There are no advanced order types (limit, stop-loss), and the exchange is made for beginners and passive crypto investors
Juno has partnered with Synapse for secure storage of digital assets, with a majority of assets in offline cold storage with insurances in place (owned by Synapse). Users can take custody of their crypto, with the ability to withdraw cryptocurrency to an external digital wallet. There are no fees charged by Juno for external transfers, though there will be crypto network fees with withdrawing funds. Juno does support Layer-2 solutions, such as using Arbitrum and Optimism bridges to help save on withdrawal fees.
There are trading limits on the platform for crypto transactions:
|Transaction Type||Daily Limit||Monthly Limit||Yearly Limit|
* For Basic Users, the daily limit for buying or selling crypto is $10,000.
Overall, Juno offers a simple way to buy and sell crypto, and a seamless experience from their checking account to make crypto purchases. While the selection of crypto assets is very limited and does not include the full breadth of features compared to dedicated platforms, it's a useful option to cash out of crypto using a unified banking platform. For a comparison, find out which crypto exchanges are the best-rated in this article.
Juno offers crypto bonuses to users that hold BTC, ETH, or USDC on the platform. While BTC and ETH deposits pay a 3% APY rate, USDC bonuses payout 6% APY. These bonuses are paid on a monthly basis, making them a compounding bonus over time. Although, the bonuses are lower when compared to lending platforms where investors can earn interest on USDC up to 10% APY with certain vendors for example.
Deposited funds are not locked up, and can be withdrawn or sold at any time, giving customers flexibility. Bonuses are generated through a third-party exchange platform, Wyre, that uses funding at institutional lending desks and some on-chain protocols to generate yield.
Rewards Debit Card
Juno checking accounts offer rewards debit Mastercards (both physical and virtual) that pay 5% cash back on purchases at select retail locations and 10% back on USDC crypto purchases. Basic accounts can take advantage of up to $50/year in cashback rewards, and Metal accounts can earn up to $300/year in cashback bonuses.
Related: Best crypto debit cards for rewards.
Metal accounts require a $250/mo direct deposit to the platform to maintain the higher-earning status and physical metal debit card. All debit cards require reaching out to Juno directly to request one, as they are actively encouraging virtual cards through payment apps to cut down on card waste.
Rewards require selecting (up to) 5 different retailers to earn cash back, and Juno will track purchases at those establishments. In addition to physical debit Mastercards, users can access a virtual card number for the account to add to apps like Google Pay and Apple Pay.
Pay Yourself in Crypto
Juno offers an automated service that converts incoming direct deposits into cryptocurrency, allowing users to essentially “get paid in crypto.” Juno allows checking account customers to set up a “Crypto Paycheck,” with the ability to automatically buy crypto with a portion of a directly deposited paycheck.
The service supports Bitcoin, Ethereum, Stella, Solana, Avalanche, Polygon, Arbitrum and Optimism, but allows users to select a mix of each, and conversions are made automatically when paychecks are deposited. Juno integrates with most payroll services, and also allows manually setting up direct deposit to the checking account via account and routing numbers.
Users can also get paid directly into the wallet of their choice, whether it's the Juno custodial wallet, or a third-party wallet service, such as Metamask or ZenGo. There are no trading fees for this service currently. Crypto paycheck transactions require a minimum of $100.
International Money Transfers
Juno offers money transfers that convert USD into the following currencies:
- INR - Indian Rupees
- CNY - Chinese Yen
- PESO - Philippines Peso
- EUR - Euro
- GBP - British Pounds
Money transfers are available to over 30 different countries and are handled by a partner, Wise. Fees are typically much lower than most standard banks, according to Juno. Transfers are limited to $5,000 per transaction, $10,000 total per day, and $30,000 total per month.
Juno also offers a payment portal for merchants that want to accept crypto payments. This service integrates quickly into apps and websites with simple HTML code and gives businesses a “Pay with Crypto” button on their storefront. This service is still onboarding currencies and on–ramp and off-ramp functionality, and fees vary per customer.
Juno Comparisons & Alternatives
Juno is a high-yield checking account for U.S. customers, but also offers simple crypto buying and selling, along with high bonuses on crypto deposits. Some other highly-rated platforms we have reviewed that are similar to Juno are BlockFi, Nexo. Read the reviews below for a detailed overview of each provider for more information.
Is Juno Safe?
Juno appears to be a secure platform that offers advanced security measures for both checking and crypto accounts. Checking accounts offer FDIC insurance with up to $250k in protection. This is the standard in the U.S. banking industry.
For crypto accounts, Juno keeps most assets in off-site managed wallets through Synapse. According to Juno, all crypto assets are “under the custody of trusted and licensed custodians who keep the majority of the crypto in cold storage, and have taken up necessary insurances.”
Juno requires KYC on all accounts, protecting the platform from criminals, and offers SSL data encryption and two-factor authentication (2FA) on the platform. Juno has never been hacked, and user funds have never been lost.
Creating an Account with Juno
To create an account with Juno, users will need to perform the following steps:
- Sign up with an email address and password (or sign in with Google)
- Verify email address
- Submit documentation for KYC (full name, address, tax identification number, and picture ID)
- Deposit funds to the checking account or send crypto to the wallet
New users will be given a virtual card number that can be used online and through Google Pay or other payment apps. Physical debit cards need to be requested from Juno customer service.
ID Verification Requirements
Juno is only available to U.S. citizens and requires identity verification for all users. This helps protect users and prevent fraud on the platform, as well as helps Juno stay compliant with U.S. regulations around crypto and banking. To pass identity verification, users must provide personal details through KYC partner Subsub. Here are the details required for verification:
- Personal information
- Mobile number
- Home address
- Social security number
- Documents to verify your identity (Drivers license, Passport, or Legal Identification)
Once these documents are submitted, Juno will verify the documentation to approve the account (typically within minutes).
Funding & Limits
Juno allows only USD deposits into its bank account and only supported crypto can be deposited into the Juno crypto wallet. The deposit methods for USD include ACH, debit cards, and wire transfers. Limits vary by the deposit or withdrawal method. Wire transfers are not currently supported.
Juno checking limits at the time of writing are shown in the table below:
|Payment Method||Daily Limit||Monthly Limit|
|ACH Withdrawal via Linked Bank Account||$1,000||$10,000|
|Fund with Debit Card (Select Users)||$500||$25,000|
|Direct Deposits and Transfers from External Accounts||$20,000||$500,000|
|Sending money to external accounts via Account and Routing number||$1,000||$10,000|
|Incoming Wire||Not Available||Not Available|
As for crypto accounts, here are the limits for buying, selling, depositing, and withdrawing:
|Transfer Type||Daily Limit||Monthly Limit|
|Crypto Withdrawals to External Addresses||$1,000||$10,000|
There are no balance minimums required on any account type.
Juno supports 8 cryptocurrencies including BTC, ETH, AVAX, USDC, MUSDC, UNI, LINK, and AAVE. These coins can be purchased on the Juno exchange, or deposited into the Juno crypto wallet directly. This is a very small selection of coins, although payment methods such as credit/debit cards (VISA) Venmo and Cash App are quite appealing. Those that are looking for a larger selection of crypto for earning interest should consider Binance Earn, Nexo or Crypto.com.
Juno offers a free checking account with no account maintenance fees. Moreover, the debit card is also free with no minimum balance requirements. Juno does not charge fees for deposits or withdrawals to the account.
Juno is also offering no-fee crypto transactions, though there is a spread fee assessed by their exchange partner (an average of 2% per transaction). Spread fees are the difference between the bid price and the ask price of a cryptocurrency. So while there is no trading fee, Juno has a higher than average market spread compared to higher volume exchanges such as Binance and Coinbase. For a list of crypto platforms that have zero trading fees, read this article next.
Withdrawal fees are not charged by Juno, but there will be network fees, depending on the coin being withdrawn and which network users choose. Juno does support L2 networks to help save on fees when withdrawing.
Juno Mobile App
The Juno mobile app offers all the same functionality as the website, allowing users to deposit cash, transfer funds, and send money, as well as buy and sell crypto. Users can quickly navigate to see account balances on both the checking account and crypto account, as well as view current asset prices on the crypto exchange.
The Juno app is available for both Android and iOS devices. On the Android marketplace, Juno has a rating of 4.2 / 5 stars, making it a highly-rated crypto app. There have been over 50,000 downloads of the app, and over 600 reviews in total. The only complaints are around having to enter in credentials and 2FA codes, or users citing issues with KYC verification through the app.
Juno offers customer support through live chat directly on the website or mobile app, and also offers a comprehensive knowledge base of helpful articles. Juno also offers email support and a ticketing system to track any issues.
Upon our initial testing, the live chat support team responded to our query within 4 minutes and was able to promptly answer our questions. Chat support is available from 7AM PST to 6PM PST, which is great. There is no phone support for Juno which could be a disadvantage for newer investors.
Juno Referral Program
Juno offers a generous referral program for users, paying out up to $100 for qualifying referrals. If a user refers to a new customer, and that customer sets up a direct deposit of $250 (or more) to the Juno platform, Juno will pay out $100 for the referral.
The new customer will also receive a $100 bonus upon setting up and completing the $250 direct deposit. The maximum referral earnings are $1,000 (or 10 qualified customers). The offer is subject to change at any time.
Frequently Asked Questions
Not at this time. Juno is strictly a checking account that offers interest rates that are similar to a high-yield savings account, and better than most bank savings accounts. Checking accounts are more flexible and don’t have the account transfer limitations of savings accounts.
Juno reserves the right to change any interest rates, bonus rates, or referral program terms at any time.
No, Juno does not accept physical checks at this time, or mobile deposits of physical checks. To deposit funds from a physical check, users will need to first deposit the check to a financial institution that offers check deposits, and then transfer funds to the Juno checking account.
Juno is only available to United States citizens with a valid Social Security Number (SSN). It is not available outside of the U.S., and users cannot use other tax identification numbers, such as an ITIN.
Juno is a unique checking account for U.S users. With the combination of a high-interest checking account and the ability to buy crypto all in one app, Juno is an innovative platform that makes it easy for users to combine both standard finances and cryptocurrency investing in a single app. On the other hand, the disadvantage is the crypto selection on Juno is much smaller than most crypto exchanges but is on par with other top crypto yield platforms. The trading interface is very simple, but as a platform designed for passive crypto investors, it is very intuitive and seamless.
|Review Category||HedgewithCrypto Rating|
|Features||4.8 / 5|
|Supported Fiat Currencies and Deposit Methods||4 / 5|
|Supported Cryptocurrencies and Trading Pairs||3.8 / 5|
|Fees||4.4 / 5|
|Ease of Use||4.8 / 5|
|Customer Support||4.7 / 5|
|Security Measures||4.7 / 5|
|Mobile App||4.8 / 5|