CAD Withdrawals Happen When You Sell Bitcoin
Withdrawing Canadian dollars from 1Bitcoin.ca is not a standalone action — it happens as part of the Bitcoin selling process.
Unlike exchanges that maintain fiat balances, 1Bitcoin.ca processes CAD withdrawals only after a Bitcoin sale is completed. This keeps the platform simple, compliant, and non-custodial.
If you’re new to this workflow, it helps to first understand how selling works when you Sell Bitcoin Canada through a brokerage model rather than an exchange.
Step-by-Step: How CAD Withdrawals Work
Here’s exactly how Canadian dollar withdrawals are processed:
- Log in and choose “Sell Bitcoin”
Navigate to the Sell section in your account. - Enter your sale details
- Specify how much Bitcoin you want to sell
- Provide the Canadian bank account where you want CAD deposited
- Receive a unique Bitcoin address
You’ll be shown a dedicated Bitcoin address (and QR code) created specifically for your sell order. - Send your Bitcoin
Send BTC from your own wallet to the provided address. - CAD is sent to your bank
Once the Bitcoin is received and confirmed on the blockchain, our team processes the sale and sends CAD to your bank via direct deposit or wire.
Most CAD withdrawals are completed within 1–2 business days, and often sooner.
Important: There Is No CAD Balance on 1Bitcoin.ca
1Bitcoin.ca does not operate like a custodial exchange.
- We do not hold CAD balances
- Funds are not stored on the platform
- CAD is paid out only after a completed Bitcoin sale
This structure minimizes counterparty risk and avoids withdrawal delays or freezes.
For larger liquidations or situations requiring coordination and discretion, some Canadians prefer structured execution through Bitcoin OTC Canada, which follows the same settlement logic at higher volumes.
Why This Model Exists
This approach is intentional.
By tying CAD withdrawals directly to Bitcoin settlement:
- You always know where funds are in the process
- There are no surprise holds or queues
- Compliance and reporting remain clear
This same discipline is why businesses and long-term allocators apply similar workflows when managing significant transactions, including those using Corporate Treasury Bitcoin Canada frameworks.
Common Questions
“Can I withdraw CAD without selling Bitcoin?”
No. CAD withdrawals occur only after a Bitcoin sale.
“How long does it take?”
Most payouts arrive within 1–2 business days after Bitcoin confirmation.
“Can I change my bank details after selling?”
Bank details must be correct before completing your sell order to avoid delays.
Final Takeaway
Withdrawing Canadian dollars from 1Bitcoin.ca is straightforward because it’s built into the selling process:
- You sell Bitcoin
- Bitcoin settles on-chain
- CAD is paid directly to your bank
No custodial balances.
No extra steps.
No ambiguity.
Clear settlement, end to end.
