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:
- Sign up to the Bitbuy trading platform and complete the verification process.
- Deposit Canadian Dollars (CAD) from your Scotiabank online banking account.
- Find the Cryptocurrency you want to buy on the Bitbuy platform.
- Input the Canadian dollars you want to invest and execute your trade.
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.
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 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.