How to sell Bitcoin in Canada on Coinbase

August 28, 2020

Blog

Can you sell Bitcoin on Coinbase in Canada?

Canadians looking to sell Bitcoin from Coinbase and trade it for Canadian dollars to send to their Canadian bank account can easily do this utilizing both Coinbase and Ndax.

Sign in or create an account on Ndax to get a Bitcoin wallet address
Send a Bitcoin withdrawal from Coinbase to Ndax
Trade your BTC to CAD
Send your CAD to your bank account

1. Sign in or create an account on Ndax to get a wallet address

How to find your Bitcoin address

Sign up or log in to Ndax
Once you log in you will be redirected to your dashboard
Click the WALLET icon on the left-hand side of the screen
Select BITCOIN
Click the GREEN DEPOSIT BUTTON
Copy this address
You will be sending your Bitcoin to the address provided to deposit into your Ndax account

2. Send a Bitcoin withdrawal from Coinbase to Ndax

How to withdraw from Coinbase

Login to Coinbase
You will be directed to your dashboard, click SEND on the top right-hand corner of the screen
Under Pay with, select BITCOIN
Enter the amount of Bitcoin you would like to send
Enter the Bitcoin address you copied from Ndax
Select SEND to review and confirm the details of this withdrawal
Select SEND NOW
You have now transferred your Bitcoin from Coinbase

3. Trade your BTC to CAD

Selling your Bitcoin in Canada (BTC/CAD)

Go back to the Ndax trading platform
Click TRADE on the left-hand side of the screen
On the trade page, click SELL (Red button) on the right side of the screen
Click the small GREY ARROW in the upper left corner of the screen to pick the BTC/CAD pair
Click on MARKET
Enter ORDER SIZE (How much you want to sell) either in BTC or CAD
Click PLACE SELL ORDER

4. Send your CAD to your bank account

Send a withdrawal to any Canadian bank

Click WITHDRAW at the top of the screen
Select the FIAT TAB on the left side of the screen
Ensure CAD is selected and click the WITHDRAW button
Choose the method of withdrawal: EFT or WIRE TRANSFER
Select BANK ACCOUNT or ADD ACCOUNT if this is your first time.
Type in the amount you’d like to withdraw or click MAX
Click WITHDRAW NOW

You have now successfully converted your Bitcoin from Coinbase to Canadian dollars.

Frequently Asked Questions

For any other questions, please contact our support team or visit our help desk.

If you are based in Canada and looking for a Canadian Bitcoin exchange, then take a look at Ndax. Ndax is an easy-to-use, beginner-friendly exchange that can give you easy access to trade Bitcoin and other cryptocurrencies like Ethereum, XRP, Litecoin, Cardano, Dogecoin, EOS, and Stellar.