Buy Crypto with Interac e-Transfer

How to Buy Bitcoin and Crypto with Interac e-Transfer

The safest and fastest way to invest in cryptocurrencies with an Interac e-Transfer deposit from any Canadian bank is with the Bitbuy exchange. Their platform offers all the features you would expect from a leading Canadian crypto platform including crypto staking, compliance from major regulators, low fees and secure custody with a comprehensive insurance policy.

You can get started in minutes with this simple guide:

1. Visit Bitbuy to sign up and complete your verification.
2. Select the 'Deposit CAD' button to connect your Canadian Bank account and deposit funds via Interac E-Transfer.
3. Wait 1-4 hours for your funds to arrive on the platform.
4. Find the crypto asset you want to buy and execute your trade.

Is Interac e-Transfer Crypto-Friendly?

Interac e-Transfer is a crypto-friendly electronic funds transfer service in Canada, allowing investors to deposit funds into FINTRAC regulated crypto exchanges. This provides a convenient way to invest in cryptocurrencies, as investors can easily transfer funds to their exchange accounts and purchase digital assets.

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Does Binance offer Interac e-Transfer?

Binance, a popular cryptocurrency exchange, does not offer Interac e-Transfer as a funding option for its Canadian users. This is due to the fact that Binance is not an approved exchange by Canadian financial regulators, such as FINTRAC, and thus is not authorized to offer Interac e-Transfer as a deposit option. Canadian users who wish to use Interac e-Transfer to fund their crypto accounts will need to use a different, FINTRAC-approved exchange that supports this payment method.

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Final Thoughts

Buying Bitcoin and cryptocurrencies with an Interac e-Transfer is a safe, convenient and fast way to invest in digital assets. The funds are deposited directly into your cryptocurrency exchange account, allowing you to start trading almost immediately. When selecting an exchange for this purpose, it’s important to choose one that is both FINTRAC approved and regulated by the Ontario Securities Commission.

Our top pick for this is Bitbuy, a Canadian crypto platform with over 400,000 users that supports Interac e-Transfer and offers low fees & a secure environment. With their platform, you can quickly deposit CAD to buy, sell, stake and trade a wide variety of digital assets.