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What are the steps to sell bitcoin in Canada and withdraw the funds?

avatarMccarthy SteenDec 16, 2021 · 3 years ago1 answers

I want to sell my bitcoin in Canada and withdraw the funds. Can you guide me through the steps to do that?

What are the steps to sell bitcoin in Canada and withdraw the funds?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    Selling bitcoin in Canada and withdrawing the funds can be done easily. Here's a step-by-step guide: 1. Choose a reputable Canadian cryptocurrency exchange such as Coinsquare or Bitbuy. 2. Sign up for an account and complete the necessary verification process. 3. Transfer your bitcoin to your exchange wallet by generating a unique wallet address. 4. Go to the 'Sell' section of the exchange platform and select the amount of bitcoin you want to sell. 5. Specify the currency you want to receive (e.g., Canadian dollars) and confirm the sale. 6. Once the sale is complete, the funds will be credited to your exchange account. 7. To withdraw the funds, navigate to the 'Withdraw' section and follow the instructions to transfer the funds to your bank account. That's it! You've successfully sold your bitcoin and withdrawn the funds in Canada. If you have any more questions, feel free to ask.