Sell Bitcoin and Get CAD via Interac e-Transfer
At 1Bitcoin.ca, you can sell Bitcoin and receive Canadian dollars directly in your bank account via Interac e-Transfer — typically within the same business day.
How to Sell Bitcoin for Interac e-Transfer
Step 1: Log Into Your Account
Create or log into your 1Bitcoin.ca account. First-time sellers: complete identity verification first.Step 2: Select "Sell"
Navigate to the Sell section. Enter the amount of Bitcoin you want to sell, or the CAD amount you want to receive.Step 3: Send Your Bitcoin
You'll receive a deposit address. Send your Bitcoin from your wallet to this address.
Important: Bitcoin transactions require confirmations. Allow 10-60 minutes for your Bitcoin to be confirmed on the blockchain.Step 4: Receive Your Interac e-Transfer
Once your Bitcoin is confirmed and processed, we initiate an Interac e-Transfer to your registered Canadian bank account. Typically arrives within 30-60 minutes during business hours.
Fees for Selling
1Bitcoin.ca: Transparent selling fee shown before you confirm — no hidden charges.
Your bank: Interac e-Transfer receipts are typically free at Canadian banks.
Bitcoin network fee: You pay the network fee from your wallet when sending Bitcoin to us.
Processing Times
| Step | Time |
|---|---|
| Bitcoin confirmation | 10–60 minutes |
| Processing | Minutes after confirmation |
| Interac e-Transfer arrival | 30–60 minutes (business hours) |
| Total (approx.) | 1–2 hours |
Tax Implications
When you sell Bitcoin in Canada, capital gains tax applies on your profit. Keep records of your purchase price and sale price in CAD.
Frequently Asked Questions
View All FAQsIs there a minimum sell amount?
Yes — a small minimum applies to cover network fees. Contact us for current minimums.
What if the price changes after I send?
The sell price is locked when you confirm the transaction.
Can I sell all my Bitcoin at once?
Yes. For large sells (100K+), contact us in advance for smooth processing.
- FINTRAC Registered MSB
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