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How to Buy Crypto with Manulife Bank of Canada

Last updated on November 12, 2023

Quick Summary: While Manulife Bank of Canada 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.

Manulife Bank of Canada Homepage

As mentioned in my quick summary, like most Canada banks, Manulife Bank of Canada doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency exchange 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 Manulife Bank

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

1. Pick a crypto 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 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 Manulife Bank of Canada.

Buy Crypto With Binance

About Manulife Bank of Canada

Manulife Bank of Canada (Operating under the name of Manulife Bank; French: Banque Manuvie du Canada) is a wholly-owned company of Manulife. It is a direct bank. it offers high-interest chequing , savings accounts and credit cards, as well as mortgages and lines of credit which include Manulife One. Since its establishment around 1993, Manulife Bank has grown to over $30 billion in assets and provides customers throughout Canada. Manulife Bank headquarters are in Waterloo, Ontario.

Manulife Bank is a Schedule I federally chartered institution that was created on January 1st 1993, when Cabot Trust Company, Huronia Trust Company and the Regional Trust Company were merged by Manulife Financial. The branch network was sold over to Laurentian Bank of Canada later in 1993. It then became the first Canadian bank to offer its products via independent financial advisors.

Manulife Bank distributes its products and services through independent financial advisers, mortgage brokers and the Canadian-wide collection of 200 mortgage experts.

Manulife Bank does not have any branches in physical locations; however, customers are able to access their accounts through an app for mobile banking as well as online banking, and Interactive Voice Response (IVR) telephone banking. Additionally, customers can purchase debit transactions using the access card, make cheques, and do charges-free Automated Banking Machine (ABM) transactions at a variety of ABMs throughout Canada via The Exchange Network.

Manulife Bank is a member of the Canada Deposit Insurance Corporation (CDIC).