Summary: Unfortunately, the National Bank of Canada does not yet offer services for its customers to purchase Bitcoin and other cryptocurrencies through their online banking platform.This includes National Bank branches, which do not offer Over the Counter desks for trading cryptocurrencies.
However, clients can deposit Canadian dollars (CAD) from their bank accounts into a FINTRAC-licensed crypto exchange to invest in the asset class. Our top pick is Bitbuy because they offer instant and cheap CAD deposits to trade over 100 cryptocurrencies with low fees. They are licensed by FINTRAC& Approved by the Ontario Securities Commission.
Best crypto exchange for the National Bank of Canada
Deposit Canadian Dollars (CAD) quickly and cheaply via Interac e-Transfer from National Bank of Canada. Secure FINTRAC regulated platform and is approved by the Ontario Securities Commission. Trade 100+ crypto assets with low costs starting at 0.1% per transaction.
How to Buy Crypto with National Bank Online
As mentioned above – 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, who are Canada's largest and most trusted crypto exchange.Their platform is licensed by FINTRAC, and offers more than 100 digital assets for zero trading fees.
You can get started in 4 easy steps:
- Step 1: Sign up to Bitbuy Canada.
- Step 2: Deposit Canadian Dollars (CAD) via e-Transfer through your National Bank account.
- Step 3: Find the crypto you want to buy (over 130 cryptocurrencies to select).
- Step 4: Enter the CAD amount you want to invest and execute your transaction.
National Bank of Canada Crypto Policy
At the time of writing, the National Bank of Canada has no negative internal policy that would prohibit Canadian investors from buying cryptocurrency through Bitbuy. All major Canadian banks have a very positive and progressive attitude towards crypto, making it easy for customers to get money in and out.
About National Bank of Canada
National Bank of Canada is one of the largest banks in Canada with over $200 billion in assets. The bank offers a full range of banking services to retail, commercial and institutional customers, including: personal and business banking, loans, mortgages, credit cards, investment products and more. National Bank of Canada is a publicly traded company on the Toronto Stock Exchange (TSX: NA).
National Bank of Canada was founded in 1859 and is headquartered in Montreal, Quebec. The bank has more than 21.000 employees in Canada and serves more than 16 million customers. National Bank of Canada is supervised by the Office of the Superintendent of Financial Institutions (OSFI) in Canada.
Their institution is a member of the CDIC (Canadian Deposit Insurance Corporation) and is therefore safe and regulated in Canada. Deposits at National Bank of Canada are CDIC insured up to $100.000 per account type.
If you are looking for a large and established bank in Canada, National Bank of Canada may be a good option for you.