10 Crypto-Friendly Banks in Canada (2024)

Unlocking possibilities: Navigating the crypto-friendly landscape with the top 10 banks in Canada

If you are a Canadian who wants to invest in cryptocurrencies, you might wonder which banks are willing to support your crypto endeavors. Not all banks are crypto-friendly, and some might even block or limit your transactions with crypto exchanges or platforms. Therefore, it is important to find a bank that is compatible with your crypto needs and preferences.

1. Toronto-Dominion (TD): TD is one of the most crypto-friendly banks in Canada, as it allows its customers to buy and sell cryptocurrencies using various methods, such as e-transfer, credit/debit card, and wire transfer. TD also has a clear and transparent policy regarding crypto transactions, and it does not charge any extra fees or impose any limits on them.

2. National Bank of Canada: The National Bank of Canada is another bank that embraces the crypto revolution, as it enables its customers to access and trade cryptocurrencies using any of its products or services. National Bank of Canada also has a flexible and user-friendly platform that can work with various data sources and formats, such as XML, JSON, or CSV.

3. Coast Capital: Coast Capital is a credit union that offers a crypto-friendly banking experience to its members, as it allows them to buy and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. Coast Capital also has a low and flat fee structure for crypto transactions, and it does not have any hidden or extra charges.

4. Canadian Imperial Bank of Commerce (CIBC): CIBC is a bank that supports its customers' crypto interests, as it permits them to purchase and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. CIBC also has a secure and reliable platform that can protect its customers' crypto assets and transactions from fraud and hacking.

5. RBC: RBC is a bank that respects its customers' crypto choices, as it allows them to buy and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. RBC also has a comprehensive and informative platform that can provide its customers with relevant and up-to-date information and news about the crypto market and industry.

6. Scotiabank: Scotiabank is a bank that accommodates its customers' crypto needs, as it allows them to buy and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. Scotiabank also has a simple and easy-to-use platform that can facilitate its customers' crypto transactions and operations.

7. ATB: ATB is a financial institution that caters to its customers' crypto demands, as it allows them to buy and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. ATB also has a fast and efficient platform that can process its customers' crypto transactions and transfers in a matter of minutes.

8. Desjardins: Desjardins is a cooperative that provides a crypto-friendly banking service to its members, as it allows them to buy and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. Desjardins also has a competitive and fair fee structure for crypto transactions, and it does not have any unreasonable or excessive charges.

9. Manulife Bank: Manulife Bank is a bank that welcomes its customers' crypto aspirations, as it allows them to buy and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. Manulife Bank also has a modern and innovative platform that can integrate with various crypto technologies and services, such as blockchain, smart contracts, and digital wallets.

10. Vancity: Vancity is a credit union that offers a crypto-friendly banking option to its members, as it allows them to buy and sell cryptocurrencies using e-transfer, credit/debit card, and wire transfer. Vancity also has a social and environmental platform that can support various crypto initiatives and projects that aim to make a positive impact on the world.