How to Withdraw Bitcoin in Canada

"Withdrawing" Bitcoin means moving it from an exchange to your personal wallet

— where you control the keys. Here's exactly how.

At 1Bitcoin.ca, Bitcoin is delivered directly to your wallet at purchase. We are non-custodial — we never hold your Bitcoin.

The core rule: Don't leave Bitcoin on an exchange you cannot afford to lose.

If you use custodial exchanges like Wealthsimple, Bitbuy, or NDAX, your Bitcoin remains under their control until you withdraw it yourself.

Create your own Bitcoin wallet first.

Generate your Bitcoin receiving address.

In your exchange account, locate the "Withdraw" or "Send Bitcoin" section.

Paste your wallet's Bitcoin receiving address.

Never type it manually. Always copy-paste carefully.

Send a small test transaction first ($5–10 worth of Bitcoin).

Verify the small test amount successfully arrived in your wallet.

Once confirmed, send the remaining balance.

Use a block explorer such as:

Confirm your transaction is included on the Bitcoin blockchain.

Custodial exchanges usually charge:

No withdrawal fees.

Bitcoin goes directly to your personal wallet at purchase.

Typical confirmation time:

10–60 minutes depending on network congestion and transaction fees.

Best practice: Always test with a small amount first, verify confirmation, then move the full balance.

FINTRAC Registered | Non-Custodial | Bitcoin-Only | 20,000+ Canadians | Since 2020