Buy Bitcoin with RBC Royal Bank

[✓] last verified 2026-01-28·Reviewed by BankToBTC Team

Data from bank docs & FINTRAC registers · How we verify · Report an error

Interac e-Transfer and EFT to exchanges generally work.

Crypto Compatibility Score: 79/100 (Good)

Score Breakdown:

  • Payment methods: 33/35 pts — fast deposit rails available
  • Bank transfer reliability: 17/25 pts
  • Limits: 12/20 pts
  • Cost: 10/10 pts
  • Evidence: 7/10 pts

Supported payment methods: interac-etransfer, eft-canada, wire

Last verified:

Quick Verdict

RBC doesn't offer crypto, you'll fund a FINTRAC-registered exchange instead. Interac e-Transfer is quick, though larger first-time sends may need fraud confirmation.

  • [✗]

    Can you buy Bitcoin in the app?

    No, use an external exchange

  • [✓]

    Can you fund an exchange?

    Yes, using Interac e-Transfer

  • [›]

    Best funding method

    Interac e-Transfer

  • [!]

    Potential issue

    Large first transfer may trigger fraud confirmation

Top Exchanges for RBC Royal Bank

Step-by-step guide to buying Bitcoin with RBC Royal Bank

RBC customers usually buy Bitcoin by sending Interac e-Transfer to a FINTRAC registered exchange. Follow our guide below.

  1. Pick a FINTRAC-registered exchange
    Choose a Canadian exchange registered with FINTRAC as an MSB for smoother Interac deposits.
  2. Create your exchange account
    Register and enable two factor authentication.
  3. Complete identity verification
    Verify your identity so deposits are enabled.
  4. Get Interac deposit instructions
    In the deposit section, select Interac e-Transfer and note the recipient email plus any message or reference requirements.
  5. Send Interac e-Transfer in RBC Mobile
    Open RBC Mobile, tap Move Money then Interac e-Transfer, add the recipient email, and send; if the exchange uses Autodeposit, funds credit automatically.
  6. Wait for funds to arrive
    Autodeposit transfers often arrive in minutes, but first transfers can trigger fraud confirmation in the app.
  7. Purchase Bitcoin
    Buy BTC once the e-Transfer is accepted and credited.
  8. Secure your Bitcoin
    Withdraw to a personal wallet if you want self custody.

[!] Troubleshooting

  • If a large first Interac transfer is flagged, confirm the transfer in-app and try a smaller amount first.
  • If Autodeposit fails, recheck the recipient email and resend, as name mismatches can slow posting.
  • If your deposit is pending, avoid cancelling and resending repeatedly, which can trigger extra monitoring.

Frequently Asked Questions

Can you buy Bitcoin with RBC Royal Bank?

Yes. RBC customers typically buy Bitcoin by funding a FINTRAC-registered platform using Interac e-Transfer (fastest for most people) or a bank-link method like EFT when supported. RBC does not sell spot Bitcoin inside RBC Mobile, but you can get crypto market exposure through listed products like Bitcoin ETFs in RBC Direct Investing. If a first transfer gets flagged, resend a smaller test e-Transfer and then scale up.

Where do I check my RBC Interac e-Transfer cap before sending to an exchange?

RBC ties e-Transfer limits to your profile and access limits, so the cleanest step is to check your current sending allowance inside RBC Mobile before you initiate the transfer. If the platform supports Autodeposit, use that to reduce failed deposits caused by security question typos. If you hit a cap, switch to EFT where supported instead of splitting dozens of e-Transfers.

Can I link RBC to an exchange using EFT instead of e-Transfer?

Yes. If the platform supports Canadian EFT, you can connect your RBC chequing account and move higher amounts than typical e-Transfer caps. EFT deposits are slower than e-Transfer, but they are usually more stable once the link is verified. Expect the platform to verify ownership details like your legal name and account information.

How fast do RBC deposits arrive for crypto buys: e-Transfer vs EFT?

Interac e-Transfer often lands in minutes when the recipient uses Autodeposit, so it is usually the fastest rail for Canadians. EFT is better for size, not speed, and often takes longer because it runs through bank-style verification steps. If timing matters, send e-Transfer for the buy and use EFT later for larger top-ups.

What's the practical daily limit problem RBC users hit when funding exchanges?

The most common issue is not the platform, it is your customer-specific e-Transfer allowance under your RBC profile and access limits. If you suddenly see a decline, it can be because you already used part of your daily access for other payments. Split funding across days, or use EFT for larger single deposits when supported.

Does RBC block crypto exchange funding?

RBC does not publish a blanket ban on funding regulated crypto platforms, but fraud systems can still challenge unusual payments. If you get a security prompt or a reversal, retry with a small amount and keep recipient details consistent. Before sending larger sums, confirm the platform is listed on FINTRAC's MSB registry.

Evidence & Verification

This page references 4 sources: FINTRAC MSB Registry, Interac e-Transfer Guide, EQ Bank EFT vs e-Transfer Guide. Information was compiled from official sources and user reports.

Sources:

How we verify · Report an error

Information can change without notice. Always verify current policies directly with your bank and exchange before making transactions.