Royal Bank of Canada

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Crypto friendly score
-19
All-time votes
215
Stories
38

Stories

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  • Voted

    Cannot use RBC credit card to buy crypto at all. Confirmed by bank rep.

  • Voted

    RBC outright banned direct cryptocurrency related transactions a while ago. The only option now is eTransfer or wire transfer.

  • Can't use any of my cards, even tried the new debit visa on crypto.com. Yet to try e-transfer

  • Voted

    Can’t purchase crypto on kraken using credit cards

  • Voted

    RBC allows e-Transfers from your debit. Will not allow VISA use to buy. Buy on Shakepay, Sell on Coinbase (coinbase to paypal to bank)

  • Voted

    Been with them for a few years. Recently sold crypto and transferred funds to RBC. RBC then ended the client relationship citing "risk appetite".

  • Avion Visa not compatible with Binance. Binance reports "not compatible" if you attempt to use it.

  • Been with RBC 13 yrs, considering changing to a crypto friendly bank. Tried depositing into Coinbase w/ RBC Visa & it declined. Called them, on wait for 35 mins.. then they told me Bank has a policy against crypto. they’re gonna lose all their customers i

  • Voted

    Blocked me from using my debit card for crypto purchase. Not credit, debit my own money. Wired money to purchase stablecoin to deposit directly into my exchange. Received phone call warning me. I suspect they will cancel me as a customer as I am not com

  • Voted

    Rejects Coinbase and Bitstamp.

  • Coinsquare compatible.

  • Voted

    Doesn’t let me use RBC virtual debit visa for crypto on coinbase with my own money

  • Voted

    I'm with RBC and they don't allow cryptocurrency purchases directly - they told me I need to use a 3rd party. Pathetic. It's my money I should be able to buy crypto directly if I want too. Now I'm forced to pay fess to invest in crypto - it's just annoyin

  • Voted

    Tried to spend my own money and buy some crypto and was told they don't allow it due to there policies. Ridiculous it's my money! Time for a new bank.

  • Voted

    Called today, 5/9/2021, told they no longer allow customers to buy crypto. Unacceptable.

  • Voted

    My cards were rejected on several brokers. Called customer service and they said they don't allow crypto purchase with any of their products. Considering changing banks.

  • RBC recently announced it will no longer allow any crypto related purchases with any of their cards.

  • they cancel my etransfers to shakepay

  • Tried to use the virtual visa debit card on Coinbase and the transaction was denied by the bank. I called the bank and they recognized I was attempting a "cryptocurrency" transaction. And, they told me it's their policy not to accept cryptocurrency transa

  • Voted

    RBC customers who use Shakepay, beware. Seems they are cracking down. Just had my account shut down for 48 hours because of a Shakepay transfer that got blocked

  • allows paypal deposit and etransfers to shakepay to buy. does not allow coinbase debit purchases.

  • Voted

    Made many transfers to Newton, and also NDAX. Nothing problematic so far. Can't use credit cards though, and never tried wire transferring yet.

  • Voted

    Royal Bank of Canada refuses to allow purchases of crypto coins with West Jet credit card !!

  • Voted

    Royal Bank of Canada - Kerrisdale Branch in Vancouver refused to send a wire for a small amount ($50) to kraken.com

  • Voted

    Works great with shakepay. Don't wire though. Interac is easy

  • Voted

    According to bitcoinexchangeguide.com, RBC has patents out and is researching opening its own exchange. RBC should be considered a #1 bank in Canada for crypto if this is true

  • Etransfer to Shakepay through RBC works, not a problem.

  • No problems so far with kraken.

  • Voted

    Sending to Shakepay had no issues so far!

  • Voted

    They seem to be on the fence about crypto but haven't out-rightly shut or freeze accounts like CIBC. They're crypto-friendly-ish as stated by another user. You can still buy crypto with your account funds and get money sent from exchanges into your accoun

  • They removed RBC credit cards and interact to exchanges. I think wire transfer works, and e-transfer. So I'll vote crypto friendly-ish.

  • Voted

    https://www.rbcroyalbank.com/onlinebanking/bankingusertips/notices/communications/CryptoCurrency.html

  • Voted

    Account suspended for crypto related deposits

  • Voted

    They have shut down purchases of crypto may 26/18

  • RBC has a zero tolerance policy on crypto. While their interac online funding does work for crypto at first with time they will zero in on this. NOT crypto friendly

  • Voted

    It stopped being crypto friendly recently. They blocked QuadrigaCX.

  • RBC is the best bank to deal with for crypto! Most easily linked accounts to QuadrigaCX which enables instant transfer to the exchange to purchase crypto!

  • I used RBC Interac Online to fund QuadrigaCX account several times (all transactions were smaller than $2k), only once it stopped me and told me I couldn't proceed because I had a $100 limit for Interac Online. I tried it again immediately and I never sa

Is Royal Bank of Canada in Canada crypto friendly? | Moon Banking