If you are looking to sell Ethereum for Canadian dollars then you are in the right place. Below we will point you in the direction of a Canadian cryptocurrency exchange that allows you to sell ETH for Canadian dollars and transfer the funds into your Canadian bank account. The process is outlined in an easy to follow four step guide further down this page, with plenty of screenshots to make the transaction as simple as possible.
***Disclaimer: The content provided in this article is not financial advice. We are simply providing an information guide outlining how to sell Ethereum for Canadian Dollars, if that’s something you already intend to do. All readers should do their own research when deciding to buy or sell any cryptocurrencies online.
Where To Sell Ethereum from Canada
| Exchange | Bonus | Visit |
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Buy and Sell Cryptocurrencies | Visit |
**Full Disclosure: We are members of the Bitbuy affiliate program and may earn commission on user referrals.
Bitbuy.ca is one of the top cryptocurrency exchanges for Canadians. They do offer ETH/CAD trades and allow you to withdraw Canadian dollars to your bank account.
Bitbuy is located in Canada and compliant with all Canadian regulations.
How To Sell ETH for Canadian Dollars – 4 Step Guide
Follow this straight forward four step guide to learn how to sell Ethereum into Canadian Dollars and withdraw to your bank account.
Step 1. Open An Account With Bitbuy.ca
**Full Disclosure: We are members of the Bitbuy affiliate program and may earn commission on user referrals.
The first step is to register an account with an online cryptocurrency exchange that offers ETH/CAD trading pairs and allows Canadian dollar withdrawals.
Click here to visit Bitbuy.ca and select the ‘Sign up to get started’ button. Complete the registration form to open your account. You will have to verify both your phone number and email address to create your account.
You will then have to verify your identity before using the website. This involves providing Bitbuy with your name, birthdate, occupation and home address. The verification process is nearly instant after providing this information.
Step 2. Deposit Your ETH
Next you will have to deposit the Ethereum that you want to sell into Canadian dollars.
On your ‘Accounts’ page open the Ethereum drop down menu and select ‘Deposit’.
The ETH deposit page will provide you with the ETH wallet address where you should send the Ethereum you want to sell. Ethereum deposits are automatically credited to your account after 12 confirmations. You can check the progress of the deposit by select ‘History’ from the top navigation bar on the Bitbuy website.
Step 3. Sell Your ETH
After the 12 confirmations (or shortly thereafter) the ETH deposit will show up in your account. It’s now time to sell your Ethereum for Canadian Dollars.
Click the ‘Sell’ button beside your ETH amount to go to the Ethereum Express Trade page.
On the Express Trade page you will have to enter the amount of ETH you want to sell. Here’s a screenshot showing the sale of 1 ETH continuing with the example above (screenshot from October 2021).
If you are happy with the ETH price and fee, click the ‘Sell Ethereum’ button to process the transaction.
Step 4. Withdraw Canadian Dollars to Bank Account
After the sale you will see the Canadian dollar balance resulting from the transaction on your ‘Accounts’ page.
You now have the option to withdraw the Canadian Dollars to your Canadian bank account.
If you want to withdraw select the ‘Withdraw Funds’ beside your CAD Balance.
On the withdrawal page you can choose to withdraw via Interac e-Transfer or ‘Wire Transfer’. For the purposes of this guide we will be withdrawing via Interac (minimum withdrawal $50).
Enter your withdrawal amount and select your Canadian bank.
There is a 1.50% fee on Interac e-Transfer withdrawals.
You will have to complete the two-factor authentication to complete the withdrawal request. You will then receive an Interac e-Transfer to your Bitbuy registered email address within 24 hours. From my experience the withdrawals are usually completed within a couple hours.
You will find the security answer for the Interac e-Transfer on the ‘Settings’ page of your Bitbuy account.
And that’s it. If you completed those steps you should have sold Ethereum into Canadian dollars and transferred the money into your bank account.