Canadian banks will let you buy cryptocurrencies with a credit card — for now
Canada’s biggest banks still allow customers to buy Bitcoin and other cryptocurrencies with debit and credit cards, even as some U.S. lenders move to block such transactions.
Toronto-Dominion Bank, Canada’s largest lender by assets, permits such purchases using a TD credit or debit card as long as the merchant is authorized to accept Visa, Mastercard, Interac or Visa debit and the transaction isn’t determined to be fraudulent, Julie Bellissimo, a spokeswoman, said Monday in a statement.
Royal Bank of Canada, the No. 2 lender, said it allows credit cards to be used for transactions involving cryptocurrency “in limited circumstances.”