Summary: RBC Bank does not currently offer a way for customers to buy or sell cryptocurrency directly through the RBC Online Banking platform. However, as an RBC account holder, you can connect your bank account to a trusted and regulated digital asset trading platform in Canada.
We recommend Uphold Canada because they offer low fees to buy over 130 crypto assets, as well as Stocks, Metals and ETFs all in one platform.
- Trade 200+ Cryptocurrencies with CAD in Canada.
- Stake Crypto and Earn up to 19.5% APY on your assets.
- Trade Crypto, Stocks, ETFs & Metals with 0 fees.
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How to buy Crypto with RBC Online Banking
The easiest way to buy Bitcoin or Crypto with an RBC online account is by first finding a reputable cryptocurrency exchange in Canada that is licensed in Canada by FINTRAC. We generally recommend Uphold, who are one of Canada's largest exchanges by user base and daily transaction volume.
The guide below is a high-level overview on how to get started.
- Create Account: Sign up to Uphold Canada and verify your information.
- Deposit CAD from RBC: Deposit Canadian Dollars (CAD) from RBC Bank via e-Transfer into Uphold.
- Find Crypto: Find the cryptocurrency you want to buy (over 130 to select).
- Finalise Trade: Input the CAD amount and execute your trade.
RBC Bank Cryptocurrency Policy
The Royal Bank of Canada does not have any policies that prohibit their account holders from buying or selling digital assets. They will freely allow their customers to transact with cryptocurrencies without them having to worry about funds being frozen.
Overall, the Royal Bank has positive sentiments toward crypto and does not ban customers from engaging with the ecosystem.
About RBC Bank
Royal Bank of Canada (RBC) is one of the oldest, largest and most diversified banks in Canada. RBC offers a full range of personal and commercial banking products and services to its clients. RBC has been serving clients for over 150 years and has a strong reputation for providing excellent customer service.
RBC 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.
RBC offers a wide range of personal and commercial banking products and services to its clients, including savings and checking accounts, credit cards, loans, mortgages, investment products, insurance products, and more. RBC also offers online and mobile banking services. RBC is a publicly-traded company on the Toronto Stock Exchange (TSX:RY) and has a market capitalization of over $100 billion.