Buying Crypto with Tangerine Bank: A Step-by-Step Guide

Are you a Tangerine Bank customer looking to get started with cryptocurrency trading? Look no further! In this article, we'll walk you through the simple process of buying crypto using your Tangerine Bank account.

First announced in August 2012, Tangerine Bank's acquisition of ING Direct Canada marked the beginning of a new era in online banking. With over 1.8 million customers and approximately $40 billion in total assets, Tangerine has established itself as a leading Canadian bank. In this guide, we'll explore how to buy crypto using your Tangerine Bank account.

Step 1: Create an Account

To get started with buying crypto, you'll need to create an account on the cryptocurrency trading platform of your choice. Make sure to choose a reputable platform that is registered with FINTRAC and has a good reputation among users. For this guide, we'll be using Bitbuy as our example platform.

Step 2: Verify Your Account

Once you've created your account, you'll need to go through the verification process. This is a standard security measure to ensure that your account remains secure. You'll be asked to provide some personal information and proof of identity.

Step 3: Fund Your Account

Before you can buy crypto, you'll need to have funds in your trading account. In this case, we'll use Tangerine Bank as our source of funds. Bitbuy supports Interac eTransfer and Bank Wire transfers from Canadian banks, making it easy to get started.

Step 4: Choose Your Crypto

Now that you've funded your account, it's time to choose the cryptocurrency you want to buy! With Bitbuy, you can trade a range of popular cryptocurrencies including Bitcoin, Ethereum, and more. Take some time to research each option and make an informed decision about which one is right for you.

Step 5: Buy Your Crypto

Once you've chosen your crypto, it's time to place your order. Simply enter the amount of cryptocurrency you want to buy and confirm the transaction. Bitbuy will handle the rest, ensuring that your funds are transferred securely to your trading account.

Buying crypto with Tangerine Bank is a straightforward process that requires minimal effort. By following these simple steps, you can get started with cryptocurrency trading in no time. Remember to always do your research and choose a reputable platform to ensure the security of your transactions. Happy trading!

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