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[Question][Newbie] What is the best way to exchange Bitcoin to CAD and transfer it to an RBC bank account?
Hi all, I am new to the cryptocurrency world. I am wondering what would be the best way to exchange Bitcoin to CAD and had it transferred to an RBC bank account? So, for example, if using an exchange company, I am looking for ones with the least exchange fee and bank/processing fee combined.
FastBTC- Making things faster for the exchange of Bitcoin to CAD for Canadian people
https://preview.redd.it/ooymwlwwovz21.png?width=1161&format=png&auto=webp&s=b6cfb26bca3f7ae0938a38228cde6001f6922565 Introduction to FastBTC After 2009(invention of blockchain & Bitcoin) ,many cryptocurrencies we noticed and slowly it turned out to be an ecosystem where it offered various use cases and market opportunities. But I think if the mass adoption has to happen then at least the leading coin like Bitcoin should be able to have a direct gateway with the fiat or local currency. That will make the things easy for non-crypto people and they may get interested and if buying or selling of Bitcoin with fiat money will be easy then we can see more mass adoption of bitcoin in future. So exchange always play a crucial role in mass adoption. How smooth and simple the exchange process is, marks a significant impact on the user. FastBTC always makes the exchange experience simple. It is simple to the extent that it does not even require any registration, does not require a login to be able to exchange Bitcoin to local currency. It offers the service for Canadian people and it has brand product called interac e-Transfer using which the Canadian people can sell their Bitcoins for CAD. With just an email address they can make this happen throughfastbtc.ca. Getting Started
With just an email one can exchange Bitcoin for CAD.
Support is available most of the time.
Conclusion There are many types of exchanges in crypto market. While some of them offers crypto to crypto, others offer crypto to fiat and some offers both. But in my opinion crypto to fiat is crucial as in some of the countries it could be a regulatory obligation. So from a user's perspective the exchange of crypto to fiat is more important. FastBTC by offering such a simple and easy exchange service for the people of Canada is something which can further encourage many people to adopt crypto and be a part of this ecosystem.
Are there an crypto investors out there that have tried to bring CAD money from a digital exchange back to a Canadian bank? How is it done? Is it a pain? Does it take a long time? Ive heard you have to pay 30% in taxes...
Where can I exchange Bitcoin to CAD and withdraw those funds?
Hello, I live in Canada. I have BTC, ETH, IOTA, BAT, QTUM, LTC, and a few others. I have been very successful in purchasing and growing my collection (well the alts, not so much growing... but you know..) What is the best site/platform to sell coins for canadian legal tender? Thanks :D
I have a friend traveling back home to Canada with some bitcoin who would need to convert it to CAD and have it put into her bank account asap once she arrives. I recommended cavirtex but I have done some searches and it seems loads of people have had their money frozen, or some say its a scam site. She does not really want to go the localbitcoins route, do you have any recommendations for a website that will make this an easy process? Do any of the ATMs in Canada convert bitcoin to cash?
I am having troubles understanding taxes for cryptocurrency. Now I bought bitcoin and I only do trades in sats value and try to gain more bitcoin, I don't trade based on CAD/USD value. Also I have never withdrew any bitcoin to CAD, never paid anything with bitcoin, its just sitting in the exchanges. First question: I started with 10$ 1$ = 1000 sats 2$ = 2000 sats I bought 10 coins of one altcoin for 1$ - 1,000 sats each = 10$ - 10,000 sats I sold 10 coins of the same altcoin for 2$ - 2,000 sats each = 20$ - 20,000 sats I now own 20$ - 20,000 sats – doubled my dollar and bitcoin investment I have to pay 10$ in taxes because of my profits. I bought 20 coins for the same altcoin when it dipped back to 1$ - 1,000 sats each = 20$ - 20,000 sats I now own double the coins I started with, and now I’m holding! Sadly bitcoin crashed, to half its value when I started, and I still hold 20 coins that still are 1,000 sats each 1$ = 2000 sats 2$ = 4000 sats Now my investment at end of the year is worth $10 but my BTC investment has doubled to 20,000 sats. So I technically took a loss of 10$ and I sold it and now I own 10$ again. Now assume all the numbers above are x10000 so 10$ starting investment is actually 100,000$ and my final investment is 100,000$ and I paid 100,000$ in taxes because of my CAD profits when I went x2, and now I lost an absurd amount of money at end of the year because bitcoin went half in value and now I have 100,000$, but I decided to be good and pay my taxes on my 100,000$ from my personal bank account and not my actual investment money (left it in bitcoin exchange). I just kept the above math simple low numbers for doing easy math. What now? Anyone else sees how absurd this is, the whole problem would be solved in a heartbeat if I had to pay taxes only on my bitcoin profits (gained more bitcoin) and I send them the physical bitcoin tax on the profits, not CAD value. Second Question: Let's say I trade a lot, every day I make around 10 trades and that results in 20-500$ profit on the day of the trade. Ultimately its like above where I kept the altcoin to "accumulate" more coins of bitcoin/alt. Now because of those trades I now own a sizable profit bag of more BTC / altcoins, but I have to pay my taxes on the realized gains on CAD. Problem is since those days, the $ value of the coin has dropped by -90% in CAD value because of bitcoin has crashed, and the altcoin also crashed in value, but I got way more coins. Now my bag in $ value is only worth 500$ total, and I had many months where I made 20-500$ in CAD everyday but I kept it in bitcoin / altcoin and I gotta pay my taxes in profits of the time of trade in CAD, and I don't have that money in my bank account to pay it based on my transaction history, and obviously my investment can't pay for that either. This is also absurd and would be solved instantly if I sent them my tax on the gains of the altcoin or bitcoin not in CAD. Third Question: I put in 1000$ for 1 BTC, I did really well doing the above things and now I own 10BTC and because everything skyrocketed in value it's now worth 100,000$. I'm a student with 1000$ to my name, and I don't want to pull out my BTC as the fees would be absurd. I also would have to pay taxes in CAD because of my history and even though they say it could be like 30% of profits in taxes, in bitcoin terms it could actually mean losing 80% of your money and I only got 1000$ my name...what now, I gotta pay taxes on 100,000$.
Canadian trying to buy 250 CAD worth of bitcoin, what website/app or wallet do I use?
I’m very lost I’m just trying to purchase something online but I’m unsure what websites to use, I don’t want to jump through hoops to get the bitcoin, just something clean and quick so can buy my stuff, help me out
What is the best option for receiving bitcoin, converting to $CAD and then depositing into your bank account?
I won some money playing poker and I noticed that they have a bitcoin withdrawal option. I'm new to all of this, but I've been lurking on this sub for a little while. I'd like to cash some out to my bank account and HODL the rest. Thanks for your help.
Help! Using BTC to Exchange CAD-USD as Bitcoin Noob, Safely, and Without Large Fees. Fianceé Stuck in Venezuela With No Options
Hope this is the right subreddit for this, Title says it all, anyone willing to help me figure out which options there are for doing this is hugely appreciated!!! Am in a complex situation and extremely concerned for my Venezuelan fiancée whom I met at University but had to return to home country recently and is now stuck. As borders close from COVID-19, political tensions rise, along with hyperinflation, it looks like I will have to be exchanging currrency often. Banks and direct transfer aren't really an option, fees are massive (>=5%) if it is even a possibility, PayPal is similar and I am morally against using these institutions. As someone with little experience, and only a theoretical knowledge of crypto currency, I wouldn't know how to start. I am hugely interested in using decentralized currency along with the Freedom from financial institutions getting away with whatever they want. I really would greatly appreciate learning what options exist that are safe and allow me to have control over my own Bitcoin wallet where I am not putting myself at a huge privacy or scam risk, as I know there are so many shady exchanges out there. I have a powerful PC,(i7 9700k, RTX 2080ti, 32GB DDR4, 1TB M.2 SSD, 6TB HDD) running Windows 10, and just installed Debian. Also have rooted OnePlus 7 Pro running Android Q beta. Thanks for reading and any knowledge shared in advance!
Hi, I'm new to Bitcoin, and thought I had this figured out but guess not. I created an account on Coinbase. Bought something from someone for $40, their currency is USD, I am CAD. I even asked seller, that I don't need to worry about different currencies with bitcoin, and he said yes, and accepted payment, no issue. So my undestanding was you convert to your currency when you withdrawl... Now I'm buying something from another person, sent by Bitcoin, but now they are saying they can see the transaction and it is showing as CAD. So how does this work, as the buyer, do I have to figure out what USD to CAD is myself, and then buy and send that amount in bitcoin? EX: 100 usd = 120 CAD. I have to buy and send 120? I can't seem to find any info to confirm. On coinbase, when I try to send money, I can only pick between $ and BTC. Thank you
Using the Bitcoin Calculator is the best way to quickly check the latest Bitcoin price in CAD on the leading global Bitcoin exchanges. Use the Bitcoin price table below to have a clear overview so you can quickly check and compare the current Bitcoin prices on the leading global exchanges, such as Binance, Coinbase, and CEX.io. * Average Price Index is a weighted average of bitcoin prices ... Convert 1 Bitcoin to Canadian Dollar. Get live exchange rates, historical rates & charts for XBT to CAD with XE's free currency calculator. Bitcoin Price (BTC / CAD). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Bitcoin price. Bitcoin price (BTC / CAD) View in. CAD. Add to Watchlist. CA$ 17,250.08 +0.90%. 1h. 24h. 1w. 1m. 1y. all. CA$0.0000 January 1 12:00 AM. 11:11 AM 3 ... BTC/CAD CURRENT RATE. 1 BTC - Bitcoin Canadian Dollar - CAD. CA$ 17,221.56. 24 Hour Average Rates : CA$0.00 CAD. 1 Hour Change : % 24 Hour Change : % 7 Day Change : % Market Cap : 0 CAD. 24 Hour Volume : 0 CAD. Available Supply : 0 BTC. Total Supply : 0 BTC. $1 USD CA$0.00 CAD. POPULAR CURRENCIES. 1 BTC - Bitcoin . US Dollar $ 13,120.44 USD ; Euro €11,041.02 EUR ; British Pound £ 10,063.97 ... Looking for downloadable 3D printing models, designs, and CAD files? Join the GrabCAD Community to get access to 2.5 million free CAD files from the largest collection of professional designers, engineers, manufacturers, and students on the planet.
Coinsquare Tutorial Best Canadian Crypto Exchange 2020 Convert BTC to CAD Fiat
In this video for how to change Bitcoin Wallet Exchange Rate (BTC to USD, INR, EUR, CAD, etc.,) • Click the small GREY ARROW in the upper left corner of the screen to pick the CRYPTOCURRENCY/CAD • Click the small GREY ARROW on the pop-up to display the dropdown list of Advanced trade orders. Coinsquare Tutorial Best Canadian Crypto Exchange 2020 Convert BTC to CAD Fiat This videos shows you how to off-ramp your crypto and convert it back to CAD/Canadian Dollar Fiat Currency. I've ... http://satoshi.otutom.com/ Bitcoin unit converter for all currencies. http://satoshi.otutom.com/Satoshi_to_USD/ Satoshi to USD http://satoshi.otutom.com/Sato... Bitcoin At $1 Million By 2020 Is Still Possible And Might Be A Discount Says James Altucher - Duration: 13 ... Placing a Limit Order (Buy) CAD to BTC - Duration: 0:43. NDAX Inc 39 views. 0:43 ...