Bankwire
A wire transfer is a method of transmitting money electronically between people or businesses in which no physical money is exchanged.
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Buying crypto in Canada with larger amounts? Movo supports bank wire transfers for high-volume purchases — securely and efficiently.
Step-by-Step: Buying Crypto with a Bank Wire on Movo
Step 1: Create Your Movo Account
Download the Movo app. Enter your details, create a password, and verify your email.
Step 2: Verify Your Identity
Upload your ID and proof of address to complete KYC. This step is required for compliance and usually completes within 24 hours.
Step 3: Fund Your Wallet via Bank Wire
From your dashboard, go to “Deposit” → Select “Bank Wire” → Enter your bank and amount → Generate the wire instructions. Visit your bank to complete the transfer, and upload your wire receipt. Funds will appear in your account within 2–3 business days.
Step 4: Buy Crypto
Click on “Buy/Sell,” choose your crypto, and enter the CAD amount. Review the details and confirm your purchase.
Step 5: Secure Your Crypto
Your crypto is safely stored in your Movo wallet, backed by cold storage security. You can also transfer assets to your personal wallet at any time.