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Can I use Zelle to send money to Canada for purchasing cryptocurrencies?

avatarRachel TaylorDec 26, 2021 · 3 years ago3 answers

I want to buy cryptocurrencies in Canada, and I'm wondering if I can use Zelle to send money for this purpose. Can Zelle be used to transfer funds to Canada and purchase cryptocurrencies?

Can I use Zelle to send money to Canada for purchasing cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Zelle is not available for international transfers, including transfers to Canada. Zelle is a peer-to-peer payment service that is primarily used within the United States. If you want to purchase cryptocurrencies in Canada, you will need to explore other options such as using a Canadian exchange or an international wire transfer.
  • avatarDec 26, 2021 · 3 years ago
    No, Zelle cannot be used to send money to Canada for purchasing cryptocurrencies. Zelle is only available for domestic transfers within the United States. If you're looking to buy cryptocurrencies in Canada, you'll need to find a different payment method that is accepted by Canadian exchanges.
  • avatarDec 26, 2021 · 3 years ago
    As a representative of BYDFi, I can confirm that Zelle is not supported for sending money to Canada for purchasing cryptocurrencies. However, there are other options available. You can consider using a Canadian exchange that accepts international wire transfers or explore peer-to-peer trading platforms that allow you to buy cryptocurrencies directly from individuals in Canada.