Investors in Canada can seamlessly buy, sell and trade Bitcoin as well as other cryptocurrencies with a CIBC account using an Interac e-Transfer.
To do so, users in Canada must first sign up to a licensed cryptocurrency exchange in Canada.
We recommend Bitbuy as the best cryptocurrency exchange in Canada because they are a FINTRAC licensed platform with low fees and fast deposits.
CIBC Bank account holders in Canada can simply sign up to Bitbuy, connect their bank account and do an instant deposit via Interac e-Transfer.
Register an account with Bitbuy
Enable two-factor authentication to secure your account
Connect your CIBC account to deposit Canadian Dollars via Interac e-Transfer
Visit the trade screen and select 'buy Bitcoin'
Input the amount of Bitcoin you want to buy in Canadian Dollars (CAD)
Verify your email address and identification
Preview your order and select 'Buy'
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