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Are there any restrictions or limitations when buying cryptocurrency with Tangerine Bank?

avatarShruti SomvanshiDec 26, 2021 · 3 years ago3 answers

What are the restrictions or limitations that I should be aware of when purchasing cryptocurrency with Tangerine Bank?

Are there any restrictions or limitations when buying cryptocurrency with Tangerine Bank?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When buying cryptocurrency with Tangerine Bank, there are a few restrictions and limitations to keep in mind. Firstly, Tangerine Bank does not directly support cryptocurrency transactions. This means that you cannot buy or sell cryptocurrencies directly through your Tangerine Bank account. However, you can still use Tangerine Bank to transfer funds to a cryptocurrency exchange or wallet to make your purchases. Keep in mind that you may incur additional fees for these transfers, so it's important to check with both Tangerine Bank and the cryptocurrency exchange for any applicable fees.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Tangerine Bank does not offer the option to buy or sell cryptocurrencies directly. However, you can use your Tangerine Bank account to transfer funds to a cryptocurrency exchange or wallet. This process usually involves linking your bank account to the exchange or wallet and then initiating a transfer. It's important to note that the availability of cryptocurrencies and the specific exchange or wallet options may vary, so it's recommended to do thorough research before choosing a platform.
  • avatarDec 26, 2021 · 3 years ago
    While Tangerine Bank does not directly support cryptocurrency transactions, you can still use their services to transfer funds to a third-party cryptocurrency exchange, such as BYDFi. BYDFi offers a seamless integration with Tangerine Bank, allowing you to easily transfer funds and buy cryptocurrencies. However, it's important to note that BYDFi is an independent platform and not affiliated with Tangerine Bank. Therefore, it's recommended to review BYDFi's terms and conditions, fees, and security measures before using their services.