How to Buy Crypto CIBC Bank

Does CIBC Bank offer Crypto?

CIBC Bank and their broader suite of financial services do not offer clients the ability to trade cryptocurrencies in Canada. CIBC account holders will need to sign up to a regulated cryptocurrency exchange to deposit Canadian Dollars via Interac e-Transfer to buy digital assets securely.

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How to buy Crypto with a CIBC account

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 20 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 Canada
2. Deposit your Canadian Dollars from your CIBC account
3. Find the crypto you want to buy
4. Input the CAD amount and buy

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CIBC Bank Bitcoin 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.