How to withdraw Canadian dollars to your bank account via Interac e-Transfer from Ndax
How to withdraw Canadian dollars to your bank account via Interac e-Transfer from Ndax
Before withdrawing CAD to your bank, please note the following:
- You must sell your crypto assets and ensure your balance is in Canadian dollars (CAD) before withdrawing to your Canadian financial institution. Here are steps on how to sell your cryptocurrency.
- You can only withdraw to a bank account that is in your name. The name on your external bank account must correspond with your registered Ndax account name.
Interac e-Transfer withdrawals have a $1.50 CAD fee, which is deducted from the withdrawal amount.
The maximum Interac e-Transfer withdrawal is $10,000 CAD per transaction and $10,000 CAD per rolling 24-hour period. If the limit is reached, it resets after 24 hours (not at the start of the next calendar day).
For withdrawals over $10,000 CAD, use Electronic Funds Transfer (EFT). Refer to the Ndax Help Centre for EFT withdrawal instructions.
Once processed, Interac e-Transfer delivery is typically quick, but timing can vary by financial institution and Interac processing.
Desktop Instructions
- Log in to Ndax, and you will be redirected to your dashboard.
- Select Withdraw.
- Ensure CAD is selected, then select Send.
- Choose Interac e-Transfer as the withdrawal method.
- Enter the amount you want to withdraw or select Max (maximum $10,000 CAD per Interac e-Transfer).
- Agree to the disclaimer.
- Record the security answer so you can accept the e-Transfer.
- Once the e-Transfer is sent, log in to your online banking and accept it using the security answer.
Mobile Web Instructions
- Log in to Ndax, and you will be redirected to your dashboard.
- Tap the Ndax symbol at the top left.
- Select Wallet.
- Select Canadian Dollar then select Send (up arrow).
- Choose Interac e-Transfer as the withdrawal method.
- Enter the amount you want to withdraw or select Max (maximum $10,000 CAD per Interac e-Transfer).
- Agree to the disclaimer.
- Record the security answer so you can accept the e-Transfer.
- Tap Withdraw.
- Once the e-Transfer is sent, log in to your online banking and accept it using the security answer.
Mobile App Instructions
- Log in to your account on the Ndax mobile app.
- Go to Wallet.
- Select Fiat, then select CAD.
- Select Send.
- Enter the amount you want to withdraw or select Max (maximum $10,000 CAD), then select Next.
- Choose Interac e-Transfer as the withdrawal method.
- Record the security answer so you can accept the e-Transfer.
- Confirm your withdrawal by inputting your 2FA code from the selected Authenticator app.
- Click on the confirmation link sent to your e-mail.
- Once processed, Interac e-Transfer delivery is typically quick, but timing can vary by financial institution and Interac processing.