How to Transfer Bitcoin in Canada

Transferring Bitcoin means sending it from one wallet or address to another. Here’s exactly how it works.

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What You Need to Transfer Bitcoin

  • A Bitcoin wallet with Bitcoin in it
  • The recipient's Bitcoin address starts with bc1, 1, or 3
  • Enough for the network fee typically $0.50–$5 CAD

Step-by-Step: How to Transfer Bitcoin

From a mobile wallet, e.g., Blue Wallet:

  1. Open your wallet
  2. Tap "Send"
  3. Enter the recipient's Bitcoin address or scan their QR code
  4. Enter the amount in Bitcoin or CAD
  5. Review the network fee
  6. Confirm and send

From 1Bitcoin.ca to your own wallet:

  1. Log into your 1Bitcoin.ca account
  2. Go to "Withdraw" or "Send"
  3. Enter your own wallet address
  4. Confirm the withdrawal

How Long Does a Bitcoin Transfer Take?

  • Broadcast: Instant
  • First confirmation: ~10 minutes
  • Fully settled, 6 confirmations: ~60 minutes

Speed depends on the network fee you choose and current network congestion.

Bitcoin Transfer Fees in Canada

There are two types of fees:

  1. Exchange withdrawal fee if withdrawing from 1Bitcoin.ca — we pass through the actual blockchain fee
  2. Bitcoin network fee paid to miners, varies by congestion, typically ~$0.50–$5 CAD

There is NO fee to receive Bitcoin.

Is Bitcoin Transfer Taxable in Canada?

Moving Bitcoin between your own wallets is not a taxable event — you're still the owner. Sending Bitcoin to someone else as payment IS a taxable disposition, deemed sale at fair market value.

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See also: Bitcoin Confirmation Canada | Bitcoin Transaction Fees Canada | Bitcoin Wallet Setup Canada