Summary: The best way to buy cryptocurrency through a RBC Bank account is with a trusted and regulated exchange in Canada.

You can deposit CAD directly via interac e-Transfer, or another method for low fees with crypto exchanges like Bitbuy.

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Can I buy Bitcoin with RBC Bank?

The Royal Bank of Canada does not currently offer a way for their customers to buy or sell cryptocurrency directly through their online banking platform. However, as an RBC Bank account holder, you can connect your bank account to a trusted and regulated digital asset trading platform in Canada.

How to buy Crypto with a Royal Bank of Canada

You will first need to find a reputable cryptocurrency exchange in Canada that is licensed in Canada by FINTRAC. We generally recommend BitBuy, 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.

  1. Sign up to Bitbuy Canada
  2. Deposit your CAD from RBC Bank via e-Transfer
  3. Find the cryptocurrency you want to buy
  4. Input the CAD amount and buy
Buying Crypto with RBC Bank
Buy Crypto with Interac or Bank Wire from RBC Bank with Bitbuy

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.

Visit Bitbuy
Posted 
April 23, 2022
 in 
Crypto Banks
 category

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