A Simple, Non-Custodial Selling Process
Selling Bitcoin on 1Bitcoin.ca is designed to be clear, non-custodial, and transparent. Just like when buying, we do not hold your Bitcoin in an account balance. Instead, each sale is processed order by order, with Bitcoin sent only for the purpose of settlement.
If you’re new to our platform, it may help to first understand how we operate differently from exchanges when you Sell Bitcoin Canada through a brokerage model rather than a custodial wallet.
Step-by-Step: How Selling Works
Here’s the full process from start to finish:
- Log in to your 1Bitcoin.ca account
Navigate to the Sell Bitcoin section. - Enter your sale details
- The amount of Bitcoin you want to sell
- The Canadian bank account where you want CAD deposited
- Receive a dedicated Bitcoin address
You’ll be shown a unique Bitcoin address (and QR code) tied only to your sell order. - Send your Bitcoin
You send BTC from your own wallet to that address. - Confirmation and settlement
Once the Bitcoin is received and confirmed on the blockchain, our team processes the sale and initiates a CAD transfer to your bank account.
Most CAD withdrawals arrive within 1–2 business days, and often sooner.
Important: This Is Still Non-Custodial
It’s important to understand what is and is not happening during a sale.
- We do not maintain a Bitcoin balance for you
- We do not control your wallet
- Bitcoin is sent only to complete a specific sell order
Once settlement is complete, the transaction is finished. This structure avoids the risks associated with keeping funds on exchanges.
For larger sales or situations where discretion and liquidity matter, some Canadians prefer structured execution through Bitcoin OTC Canada, which follows the same principle but is optimized for size.
Why This Matters for Security
By limiting custody to the shortest possible window:
- Counterparty risk is minimized
- There are no withdrawal queues or freezes
- You remain in control until the moment you choose to sell
This same approach is why organizations and sophisticated holders apply similar discipline when managing reserves, including those using Corporate Treasury Bitcoin Canada frameworks.
Common Questions
“Can I sell Bitcoin directly from an exchange?”
Yes — as long as you can send Bitcoin to the address provided for your sell order.
“What if I send the wrong amount?”
Always double-check the amount and address before sending. Bitcoin transactions cannot be reversed.
“How fast is the process?”
Blockchain confirmations depend on network conditions, but once confirmed, CAD settlement typically takes 1–2 business days.
Final Takeaway
Selling Bitcoin on 1Bitcoin.ca is straightforward because it’s intentional:
- No custodial balances
- No hidden steps
- No unnecessary exposure
You decide when to sell.
You send the Bitcoin.
We settle in CAD.
Clear, simple, and aligned with Bitcoin’s core principle: you stay in control until the moment you choose otherwise.
