Buy Bitcoin with Simplii Financial

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

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

Generally allows crypto transfers.

Crypto Compatibility Score: 80/100 (Excellent)

Score Breakdown:

  • Payment methods: 28/35 pts — fast deposit rails available
  • Bank transfer reliability: 23/25 pts
  • Limits: 12/20 pts
  • Cost: 10/10 pts
  • Evidence: 7/10 pts

Supported payment methods: interac-etransfer, eft-canada

Last verified:

Quick Verdict

Simplii doesn't sell crypto. Interac e-Transfer to a licensed exchange works, though new accounts with limited history may see first transfers delayed.

  • [✗]

    Can you buy Bitcoin in the app?

    No, use an external exchange

  • [✓]

    Can you fund an exchange?

    Yes, but with restrictions

  • [›]

    Best funding method

    Interac e-Transfer

  • [!]

    Potential issue

    First transfer may be delayed on new profiles

Top Exchanges for Simplii Financial

Step-by-step guide to buying Bitcoin with Simplii Financial

With Simplii Financial, Interac e-Transfer to a FINTRAC registered exchange is the typical CAD path. Here is how to get started.

  1. Pick a FINTRAC-registered exchange
    Choose a FINTRAC-registered MSB to reduce e-Transfer friction.
  2. Create your exchange account
    Register and enable two factor authentication.
  3. Complete identity verification
    Verify identity to enable deposits.
  4. Get Interac deposit instructions
    Select Interac e-Transfer deposit and note the recipient email and any message or reference text.
  5. Send Interac e-Transfer in the Simplii app
    Open Simplii, tap Transfers then Interac e-Transfer, add the exchange email as recipient, and send; first transfers can be delayed on newer accounts.
  6. Wait for funds to arrive
    Autodeposit is often minutes, but first time recipients may add delays if checks trigger.
  7. Purchase Bitcoin
    Buy BTC once credited.
  8. Secure your Bitcoin
    Withdraw to a personal wallet if you want self custody.

[!] Troubleshooting

  • If the first Interac transfer is delayed, new Simplii profiles with limited history can trigger extra monitoring. Start smaller.
  • If Autodeposit is not supported, ensure the security answer matches exactly, including spaces.
  • If you see repeated pending transfers, cancel only one and wait, since multiple outstanding transfers can lock sending.

Frequently Asked Questions

Can you buy Bitcoin with Simplii Financial?

Yes. Simplii customers typically fund Bitcoin purchases using Interac e-Transfer to a FINTRAC-registered platform, or by linking their account via EFT when supported. Simplii does not offer spot Bitcoin in its app, but CIBC Investor's Edge (Simplii's parent) can access listed crypto ETFs. For fewer issues, prioritize Canadian platforms on FINTRAC's MSB registry.

What are Simplii's Interac e-Transfer limits for funding a crypto platform?

Simplii publishes sending caps that typically mirror CIBC limits (around $3,000 per 24 hours, $10,000 per 7 days, $30,000 per 30 days). Check your specific limit in the Simplii app before sending. For larger deposits, EFT is usually a better option where supported.

Simplii e-Transfer: Autodeposit or security question for exchanges?

Autodeposit is usually cleaner because it removes security-answer entry errors. If the platform requires a security question, keep the answer simple and consistent. Typos and punctuation mismatches are a common cause of stuck transfers.

How long do Simplii Interac deposits take for crypto buys?

Interac e-Transfers often land within minutes when Autodeposit is used. Delays usually happen on first-time payments or when your transfer is close to your rolling limit. If speed matters, send a test transfer first during business hours.

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

Yes, if the platform supports Canadian EFT rails. EFT is slower than Interac, but it usually supports higher amounts and is less likely to trigger daily limit caps. Expect account verification steps before larger deposits are enabled.

Does Simplii Financial block crypto exchanges?

Simplii does not publish a blanket block, but fraud controls can still pause individual transfers. Using FINTRAC-registered Canadian platforms and staying within your limits helps. If a transfer fails, pause and send a smaller test amount before retrying.

Evidence & Verification

This page references 4 sources: FINTRAC MSB Registry, EQ Bank EFT vs e-Transfer Guide, Interac 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.