How To Safely Buy Crypto & BTC With RBC Bank

Mike Harry
Feb 2023
4 min to read
Fact checked

Summary: The best way for RBC Bank customers to begin buying cryptocurrencies like Bitcoin is to signup to regulated exchanges like eToro and Uphold. These exchanges are regulated in the United States and Canada which means that you can buy crypto with peace of mind. They are perfect for beginner to intermediate traders who look for a simple and secure way to buy cryptocurrencies. You can get started today by signing up (takes 2 minutes) and making your first deposit via bank deposit or credit/debit card transfer. Investing in crypto just got a whole lot simpler and safer!

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eToro USA LLC: Investments are subject to market risk.
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Crypto assets are high risk and not regulated.
Capital at risk.

Can I buy crypto with RBC Bank? 

Unfortunately, purchasing cryptocurrencies is not currently a service offered by RBC Bank (Royal Bank of Canada). However, you do have the option to connect your RBC Bank account to deposit funds into regulated third-party exchanges.

How to buy crypto with RBC Bank?

Simply create an account with a trusted and regulated exchange like Uphold or eToro, both of which offer user-friendly platforms and quick registration.

You can deposit funds into your exchange account through bank transfer (ACH) or debit card transfer. Once your funds have been deposited, you can start buying cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).


How to sign up

1. Create Account: Signup and add your identity verification.‍
2. Deposit Funds:
Via your RBC Bank account or credit card/debit card. 
3. Start Buying:
Once your deposit has arrived in your account.

Buy crypto with RBC Bank & eToro
Buy crypto with RBC Bank & eToro

RBC Bank Crypto

Below we have included some additional commonly asked questions regarding RBC Bank and crypto. 

1. Is RBC Bank crypto-friendly? 

RBC Bank has been exploring blockchain technology and its potential use cases but does currently not offer any exposure to cryptocurrencies. In the meantime, customers of RBC Bank can buy cryptocurrencies through third-party providers.

2. Buy crypto with an RBC Bank card?

Customers of RBC are able to buy cryptocurrency using third-party digital asset exchanges with debit cards but RBC has stopped allowing the use of its credit cards for transactions involving cryptocurrency.

About RBC Bank

Royal Bank of Canada Website
Royal Bank of Canada Website

RBC Bank (Royal Bank of Canada) is a Canadian financial services company founded in 1864, and headquartered in Toronto, Ontario. RBC is the largest bank in Canada by market capitalization and one of the largest banks in the world by assets. RBC Bank has over C$1.8 trillion in assets under management and more than $140 billion in market capitalization. 

The bank offers a wide range of financial products and services, including personal and business banking, wealth management, insurance, and investment banking. RBC has a strong presence in Canada, the United States, and several other countries, with over 17 million clients worldwide. 

eToro

+80 Cryptos & Copy Trading

Virtual Demo Portfolio

Fast & Cheap Deposits

FinCEN & FINRA Regulated

Visit eToro
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Uphold

+250 Cryptos & Staking

Fast & Cheap Deposits

100% Proof Of Reserves

Regulated in the US, EU & UK

Visit Uphold
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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