Summary: Unfortunately the National Bank of Canada does not yet offer any services for its customers to buy Bitcoin and other cryptocurrencies through their online banking platform.
This also includes the National Bank branches, which do not offer Over the Counter desks for cryptocurrency trading. That said, customers can deposit CAD from their bank account to a FINTRAC licensed platform like Uphold.
- Trade 200+ Cryptocurrencies with CAD in Canada.
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How to buy Crypto with National Bank Online
The easiest way to invest in cryptocurrencies with a National Bank of Canada account is through a licensed and regulated digital currency exchange. The best platform for Canadian Dollar (CAD) deposits is Uphold, who are Canada's largest and most trusted crypto exchange.
Their platform is licensed by FINTRAC, and offers over 200 digital assets for zero trading fees. You can get started in 4 simple steps:
- Step 1: Sign up to Uphold Canada.
- Step 2: Deposit Canadian Dollars (CAD) via e-Transfer through your National Bank account.
- Step 3: Find the Crypto you want to buy (over 130 cryptocurrencies to select).
- Step 4: Input the CAD amount you want to invest and execute your trade.
National Bank of Canada Crypto Policy
As at time of writing, the National Bank of Canada does not have any adverse internal policies that would prohibit Canadian investors from buying cryptocurrency through Bitbuy. All major Canadian banks have taken a very positive and progressive stance toward crypto, making it easy for customers to get funds in and out.
About National Bank of Canada
National Bank of Canada is one of the largest banks in Canada with over $200 billion in assets. The bank offers a full range of banking services to retail, commercial and institutional clients including: personal and business banking, loans, mortgages, credit cards, investment products, and more. National Bank of Canada is a publicly traded company on the Toronto Stock Exchange (TSX: NA).
National Bank of Canada was founded in 1859 and is headquartered in Montreal, Quebec. The bank has over 21,000 employees across Canada and serves over 16 million clients. National Bank of Canada is regulated by the Office of the Superintendent of Financial Institutions (OSFI) in Canada.
Their institution is a member of the CDIC (Canadian Deposit Insurance Corporation) and is therefore safe and regulated in Canada. Deposits held at National Bank of Canada are CDIC insured for up to $100,000 per account type.
If you're looking for a large and established bank in Canada, National Bank of Canada may be a good option for you.
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