How To Buy Bitcoin & Crypto With EQ Bank Safely

buy crypto eq bank
Mike Harry
Feb 2024
4 min to read
Fact checked

Summary: If you have an account with EQ Bank and want to invest in cryptocurrencies like Bitcoin, we recommend using like Uphold. This exchange is suitable for beginners to intermediate traders who look for an easy and safe way to buy cryptocurrencies. Signing up only takes a few minutes and you can then deposit funds from your EQ Bank via bank or credit/debit card transfer. Safely buy 100s of cryptocurrencies has never been this easy!

Uphold

+300 cryptos & Staking

Fast & Free Bank Deposits

Regulated: US, CA, EU, UK, AU

100% Proof Of Reserves

Visit Uphold
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Can I buy crypto with EQ Bank?

Unfortunately, you cannot buy cryptocurrencies directly from EQ Bank. If you want to invest in cryptocurrencies, you'll need to open a free account with a regulated exchange like Uphold and link it to your EQ Bank account to make a deposit.

Buy Bitcoin with EQ Bank & Uphold
Buy Bitcoin with EQ Bank & Uphold

How to buy crypto with EQ Bank?

The first step towards buying and selling cryptocurrencies is to sign up for a secure and regulated exchange such as Uphold.

For users with a EQ Bank account, we recommend signing up to Uphold due to its beginner-friendly interface and wide range of cryptocurrencies.

Signing up is quick and free of charge. After successfully signing up, EQ customers can connect their account to the exchange to safely deposit USD/CAD.

USD/CAD deposits made via bank transfers (ACH) are free of charge, while transfers made via credit/debit cards incur a small fee.  

Once the funds have been deposited into the user's account, they can start investing in cryptocurrencies such as Bitcoin, Ethereum, Solana, Cosmos, Polkadot, Cardano, Dogecoin among others.


How to sign up

1. Create Account: Signup and add your identity verification.‍
2. Deposit Funds:
Via your EQ Bank account or credit card/debit card. 
3. Start Buying:
Once your deposit has arrived in your account.
Buy crypto with EQ Bank & Uphold
Buy crypto with EQ Bank & Uphold

Is EQ Bank crypto-friendly?

EQ Bank is a crypto-friendly bank whose customers can deposit funds to buy cryptocurrencies like Bitcoin, Ethereum, Solana and many others.

To be on the safe side, we recommend using regulated exchanges like Uphold to avoid any deposit/withdrawal hiccups.

Can I buy crypto with a EQ Bank Credit Card?

Customers of EQ Bank can use their credit and debit cards to buy cryptocurrencies from regulated exchanges such as Uphold.

Can I buy Bitcoin with a EQ Bank Debit Card?

Yes, customers of EQ Bank are permitted to use their debit card to deposit funds to FINTRAC-regulated exchanges like Uphold in order to invest in Bitcoin (BTC).

About EQ Bank

EQ Bank was launched in 2016 as a subsidiary of Equitable Bank, one of Canada's largest independent schedule banks. In a few short years, EQ Bank has acquired over 290,000 customers that have deposited more than $7 billion. 

EQ Bank Website
EQ Bank Website

EQ Bank provides a range of financial products and services, primarily focusing on savings accounts with high interest rates, GICs, and international money transfers.

They offer the EQ Bank Savings Plus Account, a hybrid account that combines the features of a savings account with the flexibility of a checking account. This product allows customers to pay bills, transfer money, and deposit checks all from one account.

Their Guaranteed Investment Certificates (GICs) are also popular for their competitive rates. Furthermore, EQ Bank partnered with TransferWise (now known as Wise) to offer customers an easy and cheap way to send money abroad.

EQ Bank's services are fully digital, allowing customers to manage their accounts online or through a mobile app. The bank places a strong emphasis on customer experience and security.

Uphold

+300 cryptos & Staking

Fast & Free Bank Deposits

Regulated: US, CA, EU, UK, AU

100% Proof Of Reserves

Visit Uphold
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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