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How to Buy Crypto with Bridgewater Bank in Canada

Last updated on November 12, 2023

Quick Summary: While Bridgewater 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.

Bridgewater Bank Homepage

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

Thankfully there are many crypto trading platforms to pick from that allow you 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 Bridgewater Bank

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

1. Pick a cryptocurrency exchange

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 cryptocurrency

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 Bridgewater Bank.

Buy Crypto With Binance

About Bridgewater Bank

Bridgewater Bank is a Canadian chartered and Schedule l chartered institution with its headquarters within Calgary, Alberta. They are a leader in mortgages for residential homes that are competitive and deposit products via a select broker network and they are proud to serve customers from all over Canada. They currently hold an investment portfolio of $2.4 billion which is comprised of more than 34,000 accounts.

Bridgewater Bank is a wholly owned subsidiary of the Alberta Motor Association (AMA) which is the largest membership service provider in Alberta. The bank was founded in 1997, and was incorporated as an institution that was federally regulated in the year 2006.

Bridgewater Bank is an equal chance employer. They provide ongoing professional development, and they recognize the value of individual contribution. Their employees have a variety of knowledge from the accounting, financial services marketing, human resource and information technology sectors.

The alternative lending options are designed specifically for those with income sources that are not traditional. In addition, they have amazing rate on Guaranteed investment certificates (GICs) or high-interest savings Accounts (HISAs) These accounts allow you to easily increase your wealth.