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How to Buy Crypto with CIBC Bank

How to Buy Crypto with CIBC Bank

Karen Tren
Fact Checked
Dec 21, 2022

Summary: CIBC Bank does not directly offer digital asset investing services through its online banking platform. That said, they do allow customers to deposit funds into licensed and regulated trading platforms in Canada.

If you are looking to get started quickly, we recommend the Bitbuy platform which offers instant CAD deposits via Interac e-Transfer, Debit Card or Credit Card to trade 100+ cryptos. The Bitbuy exchange is licensed and regulated by FINTRAC and is approved by the Ontario Securities Commission.

Table of Contents

Best Crypto Exchange for CIBC Bank

  • Fast and cheap Canadian Dollar (CAD) deposits via Interac e-Transfer from CIBC 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.
In this guide, we outline the safest and easiest way to buy Cryptocurrencies with a CIBC Bank account. Get started quickly with instant CAD deposits and low fees.
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How to buy Crypto with CIBC Online Banking

The best exchange to deposit Canadian Dollars into from a CIBC account is Bitbuy. They offer instant and free Canadian dollar deposits via Interac e-Transfer and through other deposit methods. Their platform allows you to trade over 200 different cryptocurrencies, which includes Bitcoin, Ethereum, Solana, Dogecoin, Shiba and many others.

Below is a 4 step guide to getting started with CIBC:

  1. Sign up to Bitbuy and verify your personal or company account.
  2. Deposit your Canadian Dollars from your CIBC Online Banking account via INTERAC e-Transfer.
  3. Find the crypto you want to buy (over 100 on the Bybit platform).
  4. Input the CAD amount you want to invest and execute your trade.
Trade Crypto with CIBC Bank
Deposit Funds via CIBC Bank to trade Crypto.

CIBC Bank Cryptocurrency Policy

The Canadian Imperial Bank of Commerce has not historically had any policies that prohibit their customers from trading digital assets. Clients can sign up to regulated cryptocurrency exchanges freely transact Canadian Dollars from their online banking account.

You can also read our guide on how to buy NFTs in Canada if you are interested getting into the metaverse aspect of Web3.

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About CIBC Bank

CIBC Bank is one of the "Big Five" banks in Canada and offers a wide range of services for Canadians, including personal banking, business banking, and wealth management. CIBC Bank was founded in 1867 and is headquartered in Toronto, Ontario. CIBC Bank is regulated by the Canadian government and is a member of the Canadian Deposit Insurance Corporation (CDIC), which means that your deposits are protected up to $100,000.

CIBC Bank

Services offered by CIBC Bank include:

  • Personal Banking: savings accounts, chequing accounts, credit cards, mortgages, loans, and lines of credit
  • Business Banking: business savings accounts, chequing accounts, loans, and lines of credit
  • Wealth Management: investment products and services, including mutual funds, stocks, and bonds

You can do your banking with CIBC Bank online, through their mobile app, or in person at one of their branches.  Whether you're looking for a simple savings account or more complex wealth management services, CIBC Bank can meet your needs. Their wide range of products and services make them a popular choice for many Canadians.

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Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

Karen Tren
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