Bitbuy.Ca Reviews Bitbuy.ca withdrawal to Canadian bank: How do I withdraw/send Canadian Dollars from Bitbuy to my bank account?: Are you wondering about turning your cryptocurrency earnings into Canadian dollars and transfer to your bank account? Two ways can fulfil your requirement of exchanging crypto into Canadian dollar and transferring it in your Canadian bank account.
In this article, you will learn about the step-by-step process for the same. You can do it by using Bitbuy.ca’s website or application too.
Let’s have a look at the step-by-step process of Bitbuy.ca withdrawal to your Canadian bank account.
How do I withdraw/send Canadian Dollars from Bitbuy to my bank account Using a Mobile Application?
First, you will need to transfer your cryptocurrency (Bitcoins or others) to the Bitbuy account.
For this, you can follow the steps below.
Step1. Open the app & sign in to your Bitbuy account by entering your passwords. It will redirect you to a page where you will see the ‘Wallets’ option. Click on it, which will be appearing in the left corner of the menu bar at the bottom.
Step 2. Choose the ‘Deposit’ option to navigate the cryptocurrency you are depositing.
Step 3. Once you click on the ‘Deposit’ option, the wallet address of your cryptocurrency will be displayed there. You can select the option of ‘Click to Copy’ to share your wallet address via message or email.
If anyone deposits that wallet address will be deposited to your account once it is confirmed on the blockchain.
Step 4. Now, you will have to sell your cryptocurrency for CAD. For this, click on the wallet again, appearing in the left corner of the screen. If required, you can sign in again and click on the wallet section.
Step 5. Select the ‘Trade’ option and click on the sell button.
Step 6. Enter the amount of cryptocurrency that you are willing to sell. You can see the Canadian amount you will receive and the purchasing fee below the amount you filled.
Step 7. Click on the ‘Place Sell Order’ and complete your transaction.
Step 8. Now, initiate your withdrawal process. For this, you will have to visit the ‘Wallets’ menu.
Step 9. Under ‘CAD’, chooseth the option of ‘Withdraw.’
Step 10. Enter your e-transfer withdrawal details like amount and name on your bank account. The amount must be between $50-$10,000
Step 11. Click on the ‘Submit’ option.
Step 12. Finally, enter your two-factor authentication code to finish your withdrawal process.
How do I withdraw/send Canadian Dollars from Bitbuy to my bank account Using Website
The entire procedure can be divided into three parts/steps, which includes
Sending/Transferring cryptocurrency like bitcoin or others to your Bitbuy account
Selling the cryptocurrency for CAD and
Finally, transfer CAD to your bank account.
Let’s understand the step-by-step process in detail.
Step 1. Open the official website www.bitbuy.ca and log in to your account by entering credentials.
Step 2. At the homepage, click on the menu of ‘wallet appearing at the top of the website’s home page.
Step 3. Click on the ‘Deposit option by selecting your cryptocurrency to transfer cryptocurrency to your Bitbuy account.
Step 4. On the next page, your Bitbuy wallet address will be shown. Send your currency to the wallet by clicking on the ‘copy to clipboard option. And click on ‘Done.’
If anyone deposits that wallet address will be deposited to your account once it is confirmed on the blockchain. You have to sell the cryptocurrency for CAD to transfer CAD to a bank account.
Step 5. Go to the home page and click on the ‘Express trade’ option, then navigate the currency you are willing to sell. So, click on the ‘sell’ option appearing under Express trade.
Step 6. Enter the amount and click on the ‘sell bitcoin’ option.
Step 7. Then, initiate your withdrawal process by clicking the option of ‘Withdraw’ right to the CAD (Canadian Dollars). You must have at least $50 to proceed so.
Step 8. Enter the amount in the dollar that you wish to withdraw and mention your bank name and click ‘Next.’ It will ask you to mention the two-factor authentication code that you need to complete your withdrawal process.
The steps mentioned above will help you transfer your amount to the Canadian bank account by using the application and website. Follow the steps and cheer up!.