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If you're in Canada and have recently decided to cash out some or all of your Bitcoin, you may be wondering how to do it as easily as possible. Choosing a trusted Canadian trading platform, like Coinberry, is the key to cashing out Bitcoin easily and securely. If you’re wondering how to cash out Bitcoin in Canada, you’re in the right place.
Here is an overview of how to cash out Bitcoin in Canada instantly (through e-transfer):
Below, you will learn how to cash out Bitcoin in Canada in a bit more detail. Without further ado, let's get right into it!
If you’re wondering how to cash out Bitcoin in Canada, and if you’re using an external wallet, you'll need to transfer it to a trading platform before you can cash out. However, if your Bitcoin is already in your trading account, you can skip this step.
The best trading platform in Canada is Coinberry because it allows you to trade Bitcoin easily and quickly. It’s also a secure, FINTRAC-registered company, which is highly important when it comes to investments.
The following steps will show you how to withdraw Bitcoin in Canada (from your wallet to a trading platform):
Now that you know how to withdraw crypto in Canada from your external wallet into your trading account, you can move on to the next step.
The next step is logging into the trading platform you use. In this case, let’s use Coinberry as an example. You can log into your account by going to the website's home page on your desktop.
If you’re wondering how to cash out crypto in Canada using your phone, you can opt to use the Coinberry app (available on IOS and Android devices). It’s super easy to use and a great choice if you’re on the go.
Once you're logged into your Coinberry account, you should see the "Buy/Sell" tab at the top of the screen (bottom of the screen if you're using the phone app). Once you click on this, you should follow the instructions to sell your Bitcoin.
You will be required to input the amount you'd like to sell. Rather than entering the amount in CAD, you'll need to enter the number of Bitcoins you want to sell. Continue following the instructions until the process is completed successfully.
Once you have successfully sold your Bitcoin for CAD, you can click on the "Withdraw" tab at the top of the screen. You'll have the option of choosing an e-transfer or wire transfer, but if you're selling anything below $10,000, it's best to go with the Interac e-transfer.
Interac e-transfers are quick and easy, which is one of the reasons why withdrawing money from Coinberry is so hassle-free!
Next, you can input the amount of CAD you'd like to withdraw. Make sure the email address is correct. Otherwise, the e-transfer won't be successful.
Follow the remaining instructions on-screen until you have completed the process. Once completed, you’ll no longer be wondering how to cash out Bitcoin in Canada, and you’ll be able to cash out more easily in the future!
If you’re wondering how to cash out Bitcoin in Canada, the best platform to use is Coinberry. There are no funding fees and no withdrawal fees, making it a cost-effective choice. Additionally, Coinberry trading is open 24/7, so you can sell and cash out no matter the time of day.
When cashing out crypto in Canada, you’ll likely want to trade in CAD. Since Coinberry is a Canadian platform, you won’t have to worry about any extra exchange rate fees or figure out how much money you'll actually end up receiving in your Canadian bank account.
And, of course, Coinberry is a fintrac-registered company, making it a highly safe Canadian platform to use and trust.
To make sure you're sending it to the right place, you may want to send a small amount to your trading account first. That way, you won't risk losing all your crypto at once.
This feature can help you cash out at the right time without having to pay close attention to the market value of Bitcoin.
Not only will it notify you of the market price, but you will also be able to cash out directly within the app. So, if you're in a hurry to cash out, you won't have to worry about finding a desktop when you're out and about.
By following the steps in this article, you should be able to cash out Bitcoin quickly and easily.
Be sure to check out Coinberry if you're looking for a quick, easy, and cost-effective way to cash out your Bitcoin in Canada!
Coinberry is a Canadian digital asset trading platform that provides users the easiest and safest way to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Stellar in Canada. Assets held by Coinberry are not eligible for Canadian Investor Protection Fund coverage.
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