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How to Buy Crypto with EQ Bank

How to Buy Crypto with EQ Bank

Andrew Chen
Research Analyst
Fact Checked
October 9, 2022
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Summary: EQ Bank does not directly offer cryptocurrency investing through its online banking platform in Canada. That said, they do allow customers to transfer Canadian Dollars (CAD) into regulated trading platforms in the country.

We recommend the Uphold exchange because they offer instant deposits via Bank Transfer, Debit Card and Credit Card. Their platform offers over 200 cryptocurrencies and staking yields of up to 25% APY on 30 different digital assets.

Table of Contents

Top Exchange for Canadian Investors

  • Trade 200+ Cryptocurrencies with Canadian Dollars (CAD).
  • Stake Crypto and Earn up to 25% APY on your assets.
  • Trade Crypto, Stocks, ETFs & Metals with zero fees on a regulated platform.
In this guide, we outline the best way to buy Bitcoin and Crypto with an EQ Online Banking account. Get started in minutes with instant CAD deposits and low fees.
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How to Buy Crypto with EQ Bank

As mentioned above, the easiest method to invest in digital assets from your EQ online banking account is with the Uphold exchange. Their platform is licensed by the Financial Consumer Agency of Canada (FCAC) to provide digital asset trading services. They are also trusted worldwide by over 6 million customers.

You can get started in 4-steps with our simple guide:

  1. Create an Account: Sign up to the Uphold trading platform.
  2. Fund Account: Deposit Canadian Dollars (CAD) from your EQ online banking account.
  3. Find Crypto: Find the crypto you want to buy on the Uphold platform.
  4. Buy Crypto: Input the CAD amount and execute your trade.
Buy Crypto EQ Bank
Deposit CAD via EQ Bank to invest in Cryptocurrencies.

Is EQ Bank Crypto-Friendly?

Yes, EQ Bank is crypto-friendly. The bank does not currently offer any cryptocurrency products or services itself, but it does allow its customers to connect to licensed and regulated exchanges through the EQ Bank app. This means that customers can access their crypto balances and transactions through the same app that they use for their EQ Bank account.

EQ Bank is one of the few banks in Canada that offers this level of support for cryptocurrencies. As such, it is a good choice for those who want to invest in or trade cryptocurrencies. However, it is important to remember that EQ Bank does not provide any guarantees about the safety of your crypto holdings. You should always consult with a financial advisor before making any investment decisions.

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Can I Stake Crypto with EQ Bank?

No, you cannot stake digital assets with EQ Bank at this time. However, as mentioned above, the bank does allow its customers to connect to exchanges where users can safely stake digital assets and earn interest on their deposits. We recommend checking out Uphold which has a superior staking offering than alternatives like Bitbuy with up to 25% APY paid out daily.

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About EQ Bank

EQ Bank is a Canadian digital bank launched in 2016. It is a wholly-owned subsidiary of Equitable Bank, Canada's ninth-largest independent Schedule 1 bank. EQ Bank offers high-interest savings products and no-fee chequing accounts with access to Interac e-Transfer, Apple Pay, and Google Pay. All deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

EQ Bank

The bank was created to provide Canadians with a simple, convenient and affordable banking experience. They are committed to providing our clients with fair prices, great rates and outstanding service.

They offer a variety of products and services including:

  • High-interest savings accounts
  • No-fee chequing accounts
  • Interac e-Transfer
  • Apple Pay
  • Google Pay
  • Deposit Guarantee Corporation of Manitoba

EQ Bank is a great choice for anyone looking for a simple, convenient and affordable banking experience. Their high-interest savings accounts and no-fee chequing accounts make them a great option for those who want to save money and avoid paying unnecessary fees. Their commitment to providing fair prices, great rates and outstanding service makes them a bank that you can trust.

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Canadian Banks
Canadian Exchanges
Digital Banks
Centralized Exchanges

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

Andrew Chen
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