How to Buy Crypto with TD Bank
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Summary: TD Bank customers interested in cryptocurrency investments can transfer funds to crypto exchanges that adhere to the Financial Transactions and Reports Analysis Centre (FINTRAC) regulations, like Kraken or Coinbase.
Although the bank does not offer cryptocurrency trading directly, customers can safely deposit CAD or USD into regulated digital asset platforms.
Kraken is the best platform for TD Bank customers due to its free CAD transactions, compliance with FINTRAC guidelines, wide selection of cryptocurrencies, and affordable fee structure.
Licenses
Registered with FINTRAC (MSB No. M19343731)
Available Assets
400+ Cryptocurrencies
Deposit Methods
Bank Transfer, Interac e-Transfer, Cards, Cash
Can I Buy Bitcoin with TD Bank?
TD Bank does not offer crypto trading directly through its online banking services or mobile app. However, customers can transfer funds from their TD Bank accounts to regulated exchanges in Canada, facilitating secure purchases of digital currencies such as Bitcoin, Ethereum, and Tether.
Canadian and American investors should ensure they select compliant exchanges approved by relevant financial regulators, such as FINTRAC in Canada or FinCEN in the U.S. By depositing funds from TD Bank, investors can safely manage and trade a variety of digital currencies while adhering strictly to local financial laws.
How to Buy Crypto with TD Bank
TD Bank account holders can buy Bitcoin and other digital assets by transferring funds directly to regulated crypto exchanges approved by authorities such as FINTRAC in Canada and FinCEN in the U.S.
Kraken is an exchange that maintains registration as a Money Services Business with FINTRAC (MSB Registration No. M19343731). It accepts CAD deposits via Interac e-Transfers, wire transfers, debit cards, Apaylo, and cash via Canada Post.
Follow these steps to purchase Bitcoin with TD Bank through Kraken:
- Set Up Account: Visit Kraken’s official website, register your details, and complete the mandatory Know Your Customer (KYC) verification process.
- Deposit Funds: Navigate to the deposit section on Kraken, select Canadian dollars (CAD) or U.S. dollars (USD), and transfer funds using your TD Bank account.
- Select Cryptocurrency: After funds are available in your Kraken account, choose Bitcoin or another cryptocurrency you'd like to invest in.
- Complete Trade: Enter the amount you wish to purchase, carefully review your transaction details, and confirm your trade to finalize your investment.

TD Bank Cryptocurrency Policy
TD Bank permits its customers to invest in cryptocurrencies through regulated exchanges, though it does not offer direct crypto trading services. Clients can transfer funds from their TD Bank accounts to platforms registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
For those interested in indirect exposure to digital currencies, the bank offers investment options like crypto exchange-traded funds (ETFs) through its TD Direct Investing platform. These ETFs can be held in registered accounts, including Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP).
Alternative Crypto Exchanges for TD Bank
Aside from Kraken, TD Bank customers have numerous other secure options for cryptocurrency exchanges authorized by respected financial regulators in Canada and the United States:
- Coinbase: A widely trusted platform fully compliant with North American regulations, Coinbase provides access to over 250 cryptocurrencies. Trading fees typically range from 0.5% to 1.49%, depending on transaction size and method.
- Gemini: Headquartered in the United States, Gemini supports deposits in Canadian and U.S. dollars directly from TD Bank accounts. The platform lists more than 120 cryptocurrencies with competitive fees starting around 1.49%.
- Bitbuy: A Canadian exchange registered with FINTRAC, Bitbuy exclusively serves Canadian residents and supports direct deposits from TD Bank via bank transfers and Interac e-Transfer. It offers more than 25 major digital assets with fees starting at 1.5%.
By selecting these regulated exchanges, TD Bank customers can confidently trade cryptocurrencies while ensuring full compliance with Canadian and U.S. financial guidelines.
About TD Bank
TD Bank, officially known as Toronto-Dominion Bank, is a leading Canadian multinational financial institution headquartered in Toronto. Established in 1955 through the merger of the Bank of Toronto and The Dominion Bank, TD has evolved into one of North America's largest banks by assets.
Serving over 27 million customers globally, TD operates through key business segments, including Canadian and U.S. retail banking, wealth management, and wholesale banking services. In Canada, it functions under the TD Canada Trust brand, while in the U.S., it operates as TD Bank, N.A., with a significant presence along the East Coast.
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Final Thoughts
While TD Bank doesn’t directly provide cryptocurrency trading services, its customers have compliant pathways to digital asset investments through regulated exchanges. Selecting trusted platforms like Kraken, Coinbase, or Gemini ensures transactions remain secure and aligned with Canadian and U.S. financial regulations.
Before proceeding, investors should verify regulatory compliance and choose exchanges that meet their specific needs. By following these straightforward guidelines, TD Bank customers can confidently integrate crypto into their broader investment strategies.
Frequently asked questions
Does TD Bank allow credit card purchases of cryptocurrency?
TD Bank generally permits credit card purchases on compliant cryptocurrency exchanges. However, these transactions could be classified as cash advances, potentially incurring higher fees and interest rates.
How can I link my TD Bank account to a cryptocurrency exchange?
To link your TD Bank account to a cryptocurrency exchange, first ensure the exchange supports Canadian bank accounts. Then, follow the exchange's instructions to add your TD Bank account, which typically involves providing account details and completing verification steps. Once linked, you can initiate transfers to fund your crypto purchases.
Does TD Bank charge fees for transferring funds to crypto exchanges?
TD Bank typically does not impose special fees for sending funds to regulated cryptocurrency exchanges, but customers should check their specific account terms, as standard wire or transfer fees may apply.
Can I withdraw cryptocurrency profits directly to my TD Bank account?
Yes, regulated crypto exchanges like Kraken and Coinbase allow users to convert digital currencies back to CAD or USD, enabling straightforward withdrawals directly into TD Bank accounts.
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Written by
Emily Shin
Research Analyst
Emily is passionate about Web 3 and has dedicated her writing to exploring decentralized finance, NFTs, GameFi, and the broader crypto culture. She excels at breaking down the complexities of these cutting-edge technologies, providing readers with clear and insightful explanations of their transformative power.