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How to Buy Crypto with Scotiabank

How to Buy Crypto with Scotiabank

Dylan Matthews
Fact Checked
October 9, 2022

Summary: Scotiabank does not currently offer services for its clients to buy Bitcoin and other cryptocurrencies through the Scotiabank Online Banking platform.

However, clients can use the Interac e-Transfer service to send Canadian Dollars (CAD) to a FINTRAC licensed exchange that allows investors to purchase cryptocurrencies.

Table of Contents

Uphold - Canada

  • Trade 200+ Cryptocurrencies with Canadian Dollars (CAD).
  • Stake Crypto and Earn up to 25% APY on your assets.
  • Trade Crypto, Stocks, ETFs & Metals with zero fees on a regulated platform.

How to buy Crypto with a Scotiabank Account

The best way to buy Cryptocurrencies with Scotiabank Online in Canada is with a licensed cryptocurrency trading platform. We recommend Uphold Canada because they are licensed by FINTRAC and offer over 200 cryptocurrencies to buy and sell for low trading fees.

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

  1. Create an Account: Sign up to the Uphold trading platform.
  2. Fund Account: Deposit Canadian Dollars (CAD) from your Scotiabank online banking account.
  3. Find Crypto: Find the crypto you want to buy on the Uphold platform.
  4. Buy Crypto: Input the CAD amount and execute your trade.
Buy Crypto Scotiabank
Buy Cryptocurrencies with Canadian Dollars (CAD) on Uphold.

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.

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. Scotiabank offers a full range of banking products and services, including savings and checking accounts, credit cards, mortgages, loans, and investment products. Scotiabank also offers online banking services, allowing customers to manage their finances from anywhere.

Scotiabank

Scotiabank has a long history of providing excellent customer service and innovative products. Scotiabank is dedicated to helping its customers reach their financial goals, whether they are looking to save for a rainy day or planning for retirement. Scotiabank's team of experts are always available to provide guidance and support.

If you are looking for a bank that can help you reach your financial goals, Scotiabank is a great option.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

Dylan Matthews
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