How to Buy Crypto with B2B Bank in Canada

Last updated on November 12, 2023

Quick Summary: While B2B Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Canada cryptocurrency exchanges to pick from, but we suggest using the Binance.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

B2B Bank Homepage

As mentioned in my quick summary, like most Canada banks, B2B Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform and comes with regulations and extra work for the banks.

There are a large number of crypto trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use Binance as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with B2B Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency trading platform

As mentioned above, I’ll be using Binance for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With Binance

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For Binance there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with B2B Bank.

Buy Crypto With Binance

About B2B Bank

B2B Bank is a scheduled I Canadian Bank that is a part of an extensive network of around 27,000 financial experts across various business sectors, including dealers and financial advisers, mortgage and deposit brokers and their companies as well as insurers and mutual funds producers; MFDA and IIROC members.

B2B Bank provides the following services: investment as well as Registered retirement savings Plan brokerage deposits, loans broker mortgages, bank and investment accounts to a community of 27,000 professionals in finance, which includes financial advisors as well as their dealers deposits and mortgage brokers and their businesses as well as mutual fund and insurance companies; MFDA and IIROC members.

B2B Bank, a wholly-owned affiliate that is a wholly owned subsidiary of Laurentian Bank of Canada. in 1996 Laurentian Bank acquired North American Trust’s commercial and residential portfolios, forming a division referred to under the title of Agency Banking.

Then, four years after that, Laurentian purchased Sun Life Trust Company and integrated the company together with its Agency Banking division. The first day of July 2000, the resulting company was rebranded as B2B Trust. 7 July 2012 B2B Trust was made an authorised Schedule I bank, and was changed to B2B Bank. B2B Bank’s headquarters is located in Toronto’s Financial District.