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:
- Create an Account: Sign up to the Uphold trading platform.
- Fund Account: Deposit Canadian Dollars (CAD) from your EQ online banking account.
- Find Crypto: Find the crypto you want to buy on the Uphold platform.
- Buy Crypto: Input the CAD amount and execute your trade.
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.
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.
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.
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.