Crypto-friendly banks and apps in Canada

None of the big banks sells crypto, so the friendliest ones let you hold crypto ETFs. RBC, TD, CIBC and National Bank say so on their own pages, and RBC and TD say the ETFs can go in registered accounts. On cards, RBC is the only Big Six bank we found with a current page banning crypto on its credit cards. TD's and BMO's card bans date from 2018, and we couldn't find a current page for either.

We found no bank page that sets out a current policy on Interac e-Transfers to registered crypto platforms, so send a small test amount first. Your bank's own e-Transfer limit applies as well as the platform's.

Five apps sell crypto through dealers registered with Canadian securities regulators: Wealthsimple, the money apps KOHO and Shakepay, and the brokers Robinhood and Webull. Wealthsimple has the widest choice, KOHO sells crypto from your spending account, and Shakepay is built around bitcoin. None of them is a bank.

Specialist platforms such as Newton, Netcoins and Ndax, and Robinhood's Bitbuy and Coinsquare, sell crypto too but don't offer an account you'd use for everyday spending. Our guide to the best crypto exchanges in Canada compares the exchanges we've reviewed.

Mostly not. Neo Financial declines crypto purchases on its Neo Money card, saying fraudsters sometimes use crypto purchases as part of a scam. Revolut doesn't operate in Canada. Questrade said in November 2025 that it plans to add crypto, and we found no launch by October 2026. Mogo wound down its MogoCrypto product in 2022 and announced in July 2025 that it would seek regulatory approval to offer crypto trading on its platform.

KOHO is the exception, and it isn't a bank yet. It sells crypto through Ndax, and a KOHO subsidiary gave notice in March 2026 that it intends to apply to become a Schedule I bank called KOHO Bank. We found no approval as of October 17, 2026. KOHO says balances that aren't earning interest are not eligible for CDIC protection.

Not the coins themselves at Wealthsimple, which says crypto can only be held in a non-registered account. You can hold crypto ETFs in a TFSA or RRSP: RBC Direct Investing and TD Direct Investing both say so. An ETF unit tracks the price, but you can't withdraw it to your own wallet.

Yes, as prepaid cards from crypto apps rather than banks. The Shakepay Visa prepaid card, issued by Peoples Trust Company, pays up to 1.5% cashback in bitcoin with no annual fee or credit check. The Crypto.com Visa prepaid card is loaded and spent in Canadian dollars and pays rewards in its CRO token. You get nothing on the free tier, and 1.5% to 4.5% with a subscription or a CRO lockup, up to a monthly cap.

KOHO's prepaid Mastercard and Wealthsimple's prepaid card spend dollars, not crypto, and Wealthsimple's credit cards pay cash back rather than crypto. On bank credit cards, RBC blocks crypto transactions and the 2018 TD and BMO bans may still apply, so check your card's terms before you try.

No. CDIC deposit insurance excludes cryptocurrencies, including stablecoins, and CIPF says crypto held by a member firm for a client isn't eligible for its coverage. CIPF can cover cash in your crypto trading account at a CIPF member, and crypto ETFs held with a member, if the member firm fails.

The apps protect your cash in different ways. Wealthsimple isn't a CDIC member but holds chequing cash in trust with up to 10 CDIC members, for up to C$1 million combined. KOHO's CDIC protection applies only to balances earning interest, and Shakepay says funds on its card aren't CDIC-insured.

It can get records from Canadian platforms. According to press reports of the court filings, the Federal Court authorized the CRA in 2021 to demand records on large Coinsquare accounts. In September 2025 it granted a similar order against Dapper Labs covering 2,500 users. Selling, swapping or spending crypto usually counts as a disposition, and half of a capital gain is taxable. Our Canada exchanges guide covers the rest.