Summary: Customers of Alterna Bank have the option to buy Bitcoin, Ethereum and other cryptocurrencies safely by using regulated third party exchanges like Uphold. These exchanges are regulated, beginner friendly and signup only takes a few minutes. Once done you can deposit funds via bank transfer or credit/debit card and begin buying popular cryptocurrencies like Bitcoin and Ethereum!
+300 cryptos & Staking
Fast & Free Bank Deposits
Regulated: US, CA, EU, UK, AU
100% Proof Of Reserves
Although buying cryptocurrencies directly via Alterna Bank is not possible, there is still a way to buy digital assets indirectly using your Alterna Bank account. You can achieve this by connecting your Alterna Bank account with a regulated cryptocurrency exchange like Uphold.
This means that being an account holder at Alterna Bank doesn't limit your ability to purchase digital assets, as you can still do it through trusted and regulated exchanges.
The first step to safely and securely invest in cryptocurrencies is to sign up for a reputable and regulated exchange such as Uphold.
We strongly recommend Uphold as this platform is beginner-friendly and offers access to hundreds of cryptocurrencies for trading.
Moreover, the registration process is quick and free of charge.After completing the registration process, you can connect your Alterna Bank account and make the initial deposit.
Users can choose between bank deposits (ACH) which are free of charge, or credit/debit card transfers which are more expensive.
While bank deposits may take longer, card transfers offer the advantage of instant transactions.
Once funds have been successfully transferred to your account, you can begin trading a wide selection of cryptocurrencies including popular assets such as Bitcoin, Ethereum, Solana, and many others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Alterna Bank account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Alterna Bank is a financial institution that offers its customers easy access to traditional banking services, such as savings accounts, checking accounts, loans, and credit cards.
However, unlike some other banks, Alterna Bank does not provide products and services that are related to the cryptocurrency space.
Despite this, Alterna Bank allows its customers to sign up to regulated exchanges and deposit money for the purpose of buying and selling cryptocurrencies, such as Bitcoin and Ethereum.
Customers of Alterna Bank are eligible to utilize their debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges to purchase and sell cryptocurrencies.
It is highly advised to use regulated exchanges to avoid possible issues that may arise during the deposit or withdrawal of funds.
While Alterna Bank does not provide any services directly related to cryptocurrencies, it is still regarded as a crypto-friendly bank due to its support for regulated third-party exchanges.
Customers of Alterna Bank have the ability to connect their bank accounts or link their debit cards to exchanges that have been approved by regulatory bodies. Alterna Bank is also not known to restrict deposits or withdrawals from these exchanges.
Alterna Bank is an online-only Canadian bank headquartered in Ottawa, Ontario. The bank was founded in 2000 as a credit union to serve the employees of the Canadian federal government.
Alterna Bank has been in operation for over 20 years and is a wholly owned subsidiary of Alterna Savings, one of Canada's largest credit unions. With over $10 billion in assets under management, Alterna Bank serves over 180,000 customers across Canada.
The bank provides a range of products and services, including personal and business banking, mortgages, investments, and credit cards.
Alterna Bank was one of the early adopters of online banking in Canada, and has since focused on providing innovative digital banking solutions to its customers.
The bank has a mobile app that allows its customers to manage their accounts from anywhere, anytime. Alterna Bank also provides a range of online tools and resources that help customers make informed decisions about their finances.
Alterna Bank is a member of the Canadian Deposit Insurance Corporation (CDIC), which means that customers' deposits are fully insured up to $100,000.
+300 cryptos & Staking
Fast & Free Bank Deposits
Regulated: US, CA, EU, UK, AU
100% Proof Of Reserves
