Crypto Banks
How to Buy Crypto with Scotiabank

How to Buy Crypto with Scotiabank

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January 30, 2023
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Summary: Scotiabank does not currently offer services for its clients to buy Bitcoin and other Cryptocurrencies directly through its online portal. However, clients can transfer funds to a FINTRAC-licensed cryptocurrency exchange in Canada if they want to invest in the asset class.

Our top pick for Canadian investors is Bitbuy because they offer instant CAD deposits from Scotiabank to trade over 100 cryptocurrencies with low fees. Their exchange is the most trusted in the country that is regulated by FINTRAC and approved by the Ontario Securities Commission.

Table of Contents

Best Crypto Exchange for Scotiabank

  • Fast and cheap Canadian Dollar (CAD) deposits via Interac e-Transfer from Scotiabank.
  • Secure FINTRAC regulated platform and is approved by the Ontario Securities Commission.
  • Trade 100+ crypto assets with low fees starting at 0.1% per trade.
In this guide we show Canadian investors the safest and fastest way to buy Bitcoin and Cryptocurrencies through a Scotiabank account. Find the cheapest exchange to get started.
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How to buy Crypto with a Scotiabank Account

The best way to buy Cryptocurrencies with Scotiabank is through the Bitbuy platform. Scotiabank customers can deposit Canadian dollars to Bitbuy via Interac E-transfer, Bank Transfer or Credit/Debit Card. The guide below provides a quick overview of how to get started:

  1. Sign up to the Bitbuy trading platform and complete the verification process.
  2. Deposit Canadian Dollars (CAD) from your Scotiabank online banking account.
  3. Find the Cryptocurrency you want to buy on the Bitbuy platform.
  4. Input the Canadian dollars you want to invest and execute your trade.
How to buy Crypto with a Scotiabank Account.
How to buy Crypto with a Scotiabank Account.

Scotiabank Cryptocurrency Policy

Scotiabank does not currently have any policies that prohibit its customers from using FINTRAC-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.

About Scotiabank

Scotiabank is one of Canada's leading banks, offering a wide range of personal and business banking products and services. Scotiabank was founded in 1832, making it one of the oldest banks in Canada. It offers a full range of banking products and services, including savings and checking accounts, credit cards, mortgages, loans, and investment products.

The bank is also a member of the Global ATM Alliance, giving customers access to over 50,000 ATMs worldwide. Scotiabank is committed to providing customers with safe and secure banking services. To ensure the security of its customers' funds, Scotiabank follows stringent anti-money laundering regulations set by FINTRAC and other regulatory bodies.

Scotiabank: Home Page.

Final Thoughts

Scotiabank does not currently offer Cryptocurrency buying and selling services directly from its online platform. However, clients can transfer funds to a secure regulated Canadian Cryptocurrency exchange like Bitbuy. If you're interested in learning more about this platform, visit our detailed Bitbuy Review.

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

Dylan Matthews
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