Summary: Unfortunately, the National Bank of Canada does not yet offer its customers services to buy bitcoin and other cryptocurrencies through its online banking platform, including at National Bank branches, which do not offer cryptocurrency trading counters.
However, customers can deposit Canadian dollars (CAD) from their bank accounts at a FINTRAC-licensed crypto exchange to invest in this asset class. Our first choice is Bitbuy because they offer instant and cheap CAD deposits for trading over 100 cryptocurrencies with low fees. They are licensed by FINTRAC and approved by the Ontario Securities Commission.
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Best crypto exchange for the National Bank of Canada
Fast and inexpensive deposits in Canadian dollars (CAD) via Interac e-Transfer from the National Bank of Canada.
Secure FINTRAC-regulated platform approved by the Ontario Securities Commission. Trade 100+ crypto assets with low fees starting at 0.1% per trade.
How to buy crypto online with National Bank
As mentioned earlier, the easiest way to invest in cryptocurrencies with a National Bank of Canada account is through a licensed and regulated digital currency exchange. The best platform for Canadian dollar (CAD) deposits is Bitbuy, the largest and most trusted crypto exchange in Canada, whose platform is licensed by FINTRAC and offers over 100 digital assets with no trading fees.
You can get started in 4 easy steps:
- Step 1: Register with Bitbuy Canada.
- Step 2: Deposit Canadian dollars (CAD) via e-transfer through your National Bank account.
- Step 3: Find the cryptocurrency you want to buy (over 130 cryptocurrencies to choose from).
- Step 4: Enter the CAD amount you want to invest and execute the trade.
National Bank of Canada Crypto Policy
At the time of writing, the National Bank of Canada has no adverse internal policies that would prohibit Canadian investors from buying cryptocurrencies through Bitbuy. All major Canadian banks have taken a very positive and progressive stance towards cryptocurrencies, making it easy for customers to deposit and withdraw funds.
About National Bank of Canada
The National Bank of Canada is one of Canada's largest banks, with over $200 billion in total assets. The bank offers a wide range of banking services to individual, business and institutional customers: Personal and business loans, mortgages, credit cards, investment products and more. National Bank of Canada is a publicly traded company on the Toronto Stock Exchange (TSX: NA).
The National Bank of Canada was founded in 1859 and is headquartered in Montreal, Quebec. The bank employs over 21.000 employees across Canada and serves over 16 million customers. National Bank of Canada is regulated by the Office of the Superintendent of Financial Institutions (OSFI) in Canada.
Your institution is a member of CDIC (Canadian Deposit Insurance Corporation) and therefore safe and regulated in Canada. Deposits with the National Bank of Canada are eligible for up to 100.000 $ per account type CDIC insured.
If you are looking for a large and established bank in Canada, the National Bank of Canada might be a good choice for you.