What is the latest solution to sell bitcoins in Canada?
Brian If you are a crypto enthusiast in Canada looking to liquidate your BTC holdings, here is a list of ways of doing that summed up with their pros and cons on how to sell Bitcoin in Canada.
Getting into crypto trading has piqued the interest of the investors given its lucrative returns. However, one problem that crypto enthusiasts face is the difficulty of entry in the market. With the rigorous KYC processes and strict regulatory policies, foreign headquartered exchanges find it difficult to offer their services within Canada. However, Canada has its own local crypto exchanges that are compliant with the local regulatory measures.
To exchange Ethereum to Bitcoin, Click: bitcoin to visa
We’re going to show you how to sell Bitcoin in Canada, as we break down 11 of the most popular selling methods. We also focus on speed, for the user who has no time to waste. In fact… With some of the options below, you will be able to go from never having sold Bitcoin to selling Bitcoin in less than an HOUR!
1. Online Exchanges
2. Bitcoin ATMs
3. Peer-to-peer network
4. Over-the-counter (OTC)
5. In-person retail location
5 Easy Ways To “How To Sell Bitcoin in Canada”
Bitbuy
A Canadian cryptocurrency exchange based off in Toronto, BitBuy was founded in 2013 and has been operational since. For Canadians, that’s good news since it makes bank-transfers and transactions smooth. It supports Interace e-Transfer facility that costs a mere 1.75% fee on withdrawals. You can directly withdraw your funds into Canadian dollars and save yourself from exchange rate risk.
LocalBitcoins
LocalBitcoins is a P2P marketplace for buying and selling cryptocurrencies. Based off in Finland, it was established in 2012. The USP for localBitcoins is the fact that it connects you to local sellers in your region to save you from the trouble of currency exchange rate fluctuations as well as offer local payment options to cash out cryptos.
Ndax
National Digital Asset Exchange is a Canada-based exchange for cryptocurrency trading. It supports various methods of withdrawal and purchase and fully integrated with bank support. It offers solutions for trading for both individual and institutional traders.
Kraken
Established in 2011, Kraken is among the largest Euro-denominated cryptocurrency exchange that’s based off in the US. It offers very high liquidity to users given its extensive userbase. It is suitable for both beginner traders as well as advanced traders.