The easiest way for Binance users to convert their Bitcoin to CAD to send to a Canadian bank

Canadians looking for a safe and affordable way to sell their Bitcoin on Binance for Canadian dollars to send to their Canadian bank can use both Binance and Ndax -- a Canadian bitcoin exchange.

• Sign in or create an account on Ndax to get a Bitcoin wallet address
• Send your Bitcoin from your Binance wallet to your Ndax wallet
• Trade your BTC to Canadian dollars
• Send your Canadian dollars to your bank account

• Sign in or create an account on Ndax
• On your dashboard, select the WALLET icon on the left-hand side of the screen
• In your wallet, select BITCOIN
• Scroll down and click the GREEN DEPOSIT BUTTON
• Copy your Bitcoin address

You will be sending your Bitcoin from Binance to this address to deposit into your Ndax account
 

• Log in to your Binance account.
• Click on WALLET on the upper right-hand side of the page, then select SPOT WALLET
• Click WITHDRAW on the top right-hand side
• Select BITCOIN from the list
• Enter or paste the BTC address from Ndax into the field labeled Recipient's BTC Address
• Enter the withdrawal amount
• Click SUBMIT
• Click CONFIRM
• Next, you will be asked to verify your identity (Security verification), click GET CODE and enter the required codes
• You have now transferred your Bitcoin from Binance.

Note: Phone verification code and email verification code will be valid only for 30 mins.

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

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 would like to withdraw or click MAX
• Click WITHDRAW NOW

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

• How to sell Bitcoin in Canada on Coinbase
• What fees does Ndax charge?
• Why have I not received my withdrawal yet?
• How long do fiat withdrawals take?
• How do I buy Bitcoin in Canada (BTC/CAD)?
• How do I choose the right cryptocurrency exchange?

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.