How to buy Crypto with RBC
The easiest way to buy Crypto with an RBC is by first finding a reputable Crypto exchange in Canada that is licensed in Canada by FINTRAC. We recommend using Bitbuy, which is Canada's largest exchange by user base and daily transaction volume. Bitbuy accepts CAD deposits from RBC via Bank Transfer, e-Transfer & Credit/Debit Cards. Follow this simple guide to get started.
- Open a free account on Bitbuy and complete the verification requirements.
- Deposit Canadian Dollars (CAD) from RBC Bank via e-Transfer into Bitbuy.
- Find the cryptocurrency you want to buy (over 100 to select).
- Input the CAD amount and execute your trade.
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RBC Bank Cryptocurrency Policy
The Royal Bank of Canada does not have any policies that prohibit its customers from buying or selling digital assets. They freely allow their customers to transact with Cryptocurrencies without having to worry about their funds being frozen. RBC Bank has positive sentiments toward Crypto and does not ban customers from engaging with the ecosystem.
About Royal Bank of Canada
Royal Bank of Canada (RBC) is one of the oldest and largest banks in Canada. RBC offers a full range of personal and commercial banking products and services to its clients. It has been serving clients for over 150 years and has a strong reputation for providing excellent customer service. The bank was founded in 1864 and is headquartered in Toronto, Canada.
RBC has over 80,000 employees and serves clients in over 50 countries. RBC has a strong focus on providing excellent customer service and has been consistently ranked as one of the top banks in Canada for customer satisfaction. It's a publicly-traded company on the Toronto Stock Exchange (TSX:RY) and has a market capitalization of over $100 billion.
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Is it risky to invest in Cryptocurrencies?
Some of the main benefits of buying Cryptocurrencies include greater control over your finances, increased privacy and security, and access to a wider range of investment opportunities. Additionally, many people find that digital assets are easier and more convenient to use than traditional forms of money.
However, there are also several risks associated with buying Crypto. These can include price volatility, hacking threats, lack of government regulation or support, and the potential for scams or fraud. Determining whether these risks are worth taking will depend on your individual circumstances and your goals for investing in Cryptocurrencies.
Ultimately, the decision to buy Crypto is a personal one that should be made only after carefully considering all of the associated risks and benefits. If you are considering making this investment, do your research, seek professional advice, and make sure that you fully understand what you are getting into.
Final Thoughts
Buying Cryptocurrencies with RBC Bank is a relatively straightforward process. As previously mentioned, the best digital asset exchange for Canadian investors is Bitbuy as they offer free CAD deposits and are the most secure trading platform in Canada.
