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How to Buy Crypto with RBC Bank in United States

Last updated on November 12, 2023

Quick Summary: While RBC 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 United States cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

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.

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RBC Bank Homepage

As mentioned in my quick summary, like most United States banks, RBC Bank 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 exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with RBC Bank

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

1. Pick a crypto trading platform

As mentioned above, I’ll be using eToro 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 eToro

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 eToro 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 RBC Bank.

Buy Crypto With eToro

About RBC Bank

RBC Bank is the trade name for RBC Bank (Georgia), N.A., the United US-based retail bank section that is part of Royal Bank of Canada (RBC) that is geared towards Canadian expatriates, snowbirds, and frequent visitors. Although it has a limited footprint, RBC Bank is a federally chartered institution, which is why its name in trading bears “N.A.” letters.

The name brand was initially utilized for RBC Bank USA (formerly RBC Centura) founded in 2001 after RBC bought Centura Bank, which was formerly Raleigh NC-based Centura Bank. in 2012 RBC Bank America’s division of banking for American customers was transferred by PNC Financial Services while RBC’s international banking services for Canadians have been transferred over to the newly-incorporated RBC Bank (Georgia), N.A. subsidiary. RBC later acquired the LA-based City National Bank in 2015 in order to serve American customers.

RBC Centura purchased Tucker Federal Bank parent company Eagle Bancshares in 2002, providing it with a larger client collection in the Atlanta region following the purchase in 1998 from Security First Network Bank which had just one branch.

The bank joined forces into Flag Bank, increasing its presence in Georgia. RBC has continued to expand its presence within the Southeast after it acquired 39 branches from Birmingham AmSouth Bank, which is based in Alabama. AmSouth Bank on March 9 2007, 2007. Prior to that, RBC Centura had no branches in Alabama.