How to Convert Bitcoin to CAD in Canada

Convert Bitcoin to CAD in Canada

1Bitcoin.ca offers the lowest sell fee in Canada (0.49%) and same-day CAD payment via Interac e-Transfer.

How to Convert Bitcoin to CAD

Converting Bitcoin to Canadian dollars is straightforward. Once your Bitcoin is received and confirmed, CAD is sent directly to your bank account via Interac e-Transfer.

Step-by-Step Process

Step 1

Step 2

Click "Sell Bitcoin" in your dashboard.

Step 3

Enter the amount of Bitcoin (BTC) you want to sell or the CAD amount you want to receive.

Step 4

Enter your Interac e-Transfer email address.

Step 5

Send your Bitcoin to the deposit address provided.

Step 6

Once your Bitcoin transaction is confirmed, CAD is sent to your Canadian bank account via Interac e-Transfer.

Sell fee: 0.49% — among the lowest in Canada

Processing time: Same business day (Monday–Friday)

Typical delivery: Bitcoin confirmations usually take 10–60 minutes, and Interac e-Transfers typically arrive within 30–60 minutes during business hours.

Bitcoin to CAD Exchange Rate

The BTC/CAD exchange rate updates continuously based on market conditions.

Before confirming your transaction, you'll see the exact amount of Canadian dollars you'll receive, with transparent pricing and no hidden fees.

To check the current Bitcoin price in CAD, visit 1Bitcoin.ca.

Tax Implications for Canadians

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Important: Converting Bitcoin to CAD is a taxable event in Canada.

Any capital gain realized above your adjusted cost base (ACB) may be subject to capital gains tax.

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For CRA reporting purposes, keep records of:

Transaction date
Amount of Bitcoin sold
CAD amount received
Original purchase price (cost basis)

Frequently Asked Questions

How Long Does the Conversion Take?

Bitcoin confirmations generally take 10–60 minutes. After confirmation, Interac e-Transfers typically arrive within 30–60 minutes during business hours.

Is There a Fee?

Yes. A transparent 0.49% sell fee is displayed before you confirm your transaction. There are no hidden charges.

What Is the Minimum Amount I Can Convert?

Convert Bitcoin to CAD at 1Bitcoin.ca →