What is the process for selling bitcoin in Canada?

1 answers

• Dec 14, 2021 · 3 years ago
  Selling bitcoin in Canada is a process that can be done through various cryptocurrency exchanges. One popular exchange in Canada is BYDFi. Here's how you can sell bitcoin on BYDFi: 1. Create an account on BYDFi and complete the necessary verification process. 2. Transfer your bitcoin from your wallet to your BYDFi account by generating a unique wallet address on BYDFi and sending your bitcoin to that address. 3. Once your bitcoin is in your BYDFi account, navigate to the 'Sell' or 'Trade' section of the platform. 4. Select the amount of bitcoin you want to sell and choose the currency you want to convert it into (in this case, Canadian dollars). 5. Review the transaction details, including the exchange rate and any fees involved. 6. Confirm the sale and wait for the transaction to be processed. 7. Once the transaction is complete, you should see the Canadian dollars in your BYDFi account. 8. You can then withdraw the funds to your bank account or use them for other purposes. I hope this helps! Let me know if you have any other questions.
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