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How to Buy Crypto with Haventree Bank in Canada

Last updated on November 12, 2023

Quick Summary: While Haventree 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.

Haventree Bank Homepage

As mentioned in my quick summary, like most Canada banks, Haventree 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 cryptocurrency 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 Haventree 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 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 Haventree Bank.

Buy Crypto With Binance

About Haventree Bank

In 1990, the company was founded. Haventree Bank is a private Canadian established in 1990. It is a Schedule 1 bank that is specialized in alternative mortgage programs as well as guaranteed GIC deposits.

They assist the hardworking Canadians all over the country attain homeownership through their flexible mortgage options. Their secured GIC deposits provide competitive rates and are accessible through a range options of financial management tools.

They are federally licensed through OSFI. Office of Superintendent of Financial Institutions (OSFI). Haventree Bank is a federally controlled financial institution offering mortgage services for residential customers. Haventree Bank originates mortgages through the mortgage broker channel, and is an affiliate of Canada Deposit Insurance Corporation (“CDIC”).

Their company is based around your requirements. They offer rapid response times, provide dedicated relationship managers as well as online tools. They offer cutting-edge solutions tailored to your specific business and regulatory needs.

They have a knowledgeable team who is aware of your requirements and can assist you in completing the tasks that need to be completed. They can quickly evaluate complex situations and reduce any risks.

They recognize the importance of a solid partnership, and are dedicated for your achievement. Their aim is to establish lasting, long-term relations with their clients and develop with them.