crypto friendly bank
Royal Bank of Canada
Headquarters: Toronto, Canada • Founded: 1946
About Royal Bank of Canada
Royal Bank of Canada is ranked #23 in the list of largest global banks by assets under management. It serves retail and corporate clients worldwide, offering standard commercial banking, wealth management, and capital markets access. Regarding digital assets, its stance is crypto-friendly, offering integrations with major exchanges and custodians.
Regulations & Trust Profile
Banking License Type
commercial bank license
Licensed/Regulated By
Canada Central Bank
MiCA Compliant (EU)
No / N/A
Deposit Insurance
Canada Deposit Insurance (up to $100,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
$10/mo
Crypto Trading Fee
1.5%
Wire Transfer Fee
$15
Crypto Withdrawal Fee
$5
Pricing Notes: Crypto services may require external account linking.
Pros
- Huge liquidity
- Global network
- FDIC/local deposit protection
Cons
- Rigid traditional structure
- No direct custody of crypto assets
Frequently Asked Questions
Is Royal Bank of Canada safe for crypto?
Is Royal Bank of Canada FDIC insured?
Yes, standard cash deposits are insured under the Canada Deposit Insurance scheme up to $100,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does Royal Bank of Canada support business accounts?
What countries does Royal Bank of Canada operate in?
Royal Bank of Canada operates primarily in Canada, and supports international clients from CA.
What are Royal Bank of Canada's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from Royal Bank of Canada?
No, Royal Bank of Canada only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.