Summary: Tangerine Bank does not offer direct cryptocurrency investing services through its platform. The best way for Tangerine Bank customers to invest in cryptocurrency is by sending CAD to a secure, licensed digital asset exchange. It's essential to use a platform that is registered with FINTRAC and approved by the Securities Commission of Ontario.
Upon assessing numerous leading exchanges within the country, we have concluded that Bitbuy is the number one option for Tangerine Bank account holders. Bitbuy offers Canadian investors free and instant CAD deposits to trade an extensive selection of digital assets, such as Ethereum.
Best Crypto Exchange for Tangerine Bank
- Fast and cheap Canadian Dollar (CAD) deposits via Interac e-Transfer from Tangerine Bank.
- Secure FINTRAC regulated platform and is approved by the Ontario Securities Commission.
- Trade 100+ crypto assets with low fees starting at 0.1% per trade.
Can I Buy Bitcoin with Tangerine Bank?
While Tangerine Bank does not offer a direct method for clients to buy digital currencies via its platform, it allows them to engage with crypto by using regulated digital asset exchanges within Canada. For trading digital currencies like Bitcoin, Canadian investors can effortlessly move CAD from their Tangerine accounts or cards to trustworthy and authorized Canadian cryptocurrency exchanges.
How to Buy Bitcoin and Crypto with Tangerine Bank
Bitbuy is recognized as the most trustworthy and secure cryptocurrency exchange for Tangerine Bank clients. As a platform licensed by FINTRAC, Bitbuy accommodates CAD deposits from Tangerine Bank via multiple methods, such as Bank Transfer, Credit or Debit Cards, and Interac e-Transfer.
Tangerine Bank account holders can trade crypto with this simple guide:
- Sign up for a free account on Bitbuy and fulfill the necessary verification steps.
- Transfer Canadian Dollars (CAD) from your Tangerine Bank account or card.
- Browse through a selection of over 100 cryptocurrencies to find the one you'd like to buy.
- Enter the amount of CAD you'd like to spend and complete the transaction.
Is Tangerine Bank Crypto-Friendly?
Tangerine Bank is known for its crypto-friendly stance, with no explicit limitations in its terms concerning the acquisition or disposal of digital assets through regulated platforms. The bank displays a supportive attitude towards cryptocurrency and avoids imposing restrictions on customers wishing to partake. Consequently, clients can securely partake in crypto transactions without worrying about their funds being locked, rendering Tangerine Bank a perfect option for individuals seeking to delve into the realm of digital currencies.
What is Tangerine Bank
Tangerine Bank offers various financial services and products, including online banking, savings and checking accounts, credit cards, mortgages, and investment opportunities. Since its acquisition by Scotiabank in 2012, it operates exclusively online, enabling customers to handle their finances from any location. Although the bank lacks physical locations, it delivers 24/7 customer support online.
Recognized for its competitive rates, minimal fees, and transparent banking experience, the bank utilizes technology to develop inventive and convenient financial management solutions. A prime example is its early adoption of mobile check deposits using smartphone cameras. It has gained popularity among Canadians who value ease, adaptability, and openness in their banking interactions.
To sum up, Tangerine Bank does not directly offer crypto, but allows its customers to invest in crypto through regulated digital asset exchanges. Following a comprehensive analysis of the leading options, Bitbuy stood out as the best choice. Boasting a solid reputation as the most secure and dependable cryptocurrency trading platform in Canada, it serves as an exceptional selection for Tangerine Bank clients interested in exploring the digital asset landscape.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.