How to Buy Cryptocurrency with Scotiabank

Does Scotiabank offer Bitcoin and Crypto? 

Scotiabank does not currently offer services for their clients to buy and sell Bitcoin and other cryptocurrencies through their online banking applications. Instead, investors will need to sign up to a licensed Canadian cryptocurrency exchange and deposit CAD from their Scotiabank accounts.

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How to buy Crypto with a Scotiabank Account

We recommend that Candian investors use a regulated and trusted exchange in Canada to buy and sell digital assets. The leading exchange that is regulated under FINTRAC is Bitbuy, who offer low fees starting at 0.1% for over 50 different cryptocurrencies. Their platform accepts Canadian Dollar deposits from Scotiabank account holders.

The guide below provides a quick overview on how to get started:

1. Sign up to Bitbuy
2. Deposit Canadian Dollars from your Scotiabank account
3. Find the crypto you want to buy
4. Input the CAD amount and buy

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Scotiabank Cryptocurrency Policy

Scotiabank does not currently have any policies that prohibit their customers from using regulated Canadian exchanges to trade cryptocurrencies. This means that users can freely trade digital assets without having to worry about the potential for funds or bank accounts being frozen.

For a more in-depth overview, read our guide on How to buy Bitcoin in Canada.