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How to Buy Crypto with Rogers Bank in Canada

Last updated on November 12, 2023

Quick Summary: While Rogers 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.

Rogers Bank Homepage

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

Once you’ve signed up to a crypto exchange (in our example I’ll be using Binance 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 Rogers 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 Rogers Bank.

Buy Crypto With Binance

About Rogers Bank

Rogers Bank (French: Banque Rogers) is a Canadian financial services firm that is controlled by Rogers Communications. Rogers requested the minister of Finance under the Bank Act for permission to create a Schedule I Bank (domestic bank that can be able to accept deposit) in the summer of 2011.

At the time of launch, Rogers Bank offered a Rogers-branded credit card aimed towards existing customers. A companion card with a logo for Rogers Fido, the company’s subsidiary Fido was launched in the year the year 2016. The bank offers three types of credit cards to Canadians: Fido Mastercard, Rogers Platinum Mastercard, Rogers World Elite Mastercard.

Its parent corporation, Rogers Communications Inc. is a Canadian media and communications company which focuses its efforts on the areas that include wireless communication, cable TV telephone and Internet along with other mass media and telecommunications assets. Rogers is headquartered at Toronto, Ontario. The company’s history dates back to 1925, when Edward S. Rogers Sr. created the Rogers Vacuum Tube Company to sell radios that were battery-free, however the current business dates back to 1960 in which Ted Rogers and a partner bought the CHFI-FM radio station and became part owners of a company which established the CFTO television station.