1Bitcoin.ca operates as a non-custodial Bitcoin brokerage, allowing you to securely buy and sell Bitcoin while maintaining control of your assets. To sell Bitcoin on 1Bitcoin.ca, follow these steps:
Submit a Sell Order: Log in to your 1Bitcoin.ca account and submit a sell order for the Bitcoin you wish to sell.
Send Bitcoin to Your Deposit Address: Transfer the Bitcoin you wish to sell to the 1Bitcoin deposit address provided in your account.
Sale Execution: Once the first confirmation is completed on the blockchain, 1Bitcoin.ca will automatically convert your Bitcoin into Canadian dollars.
Canadian Dollar Withdrawal: As 1Bitcoin.ca is a non-custodial platform, the withdrawal request for the Canadian dollars will be automatically submitted and marked as pending. The withdrawal will then be processed in the next available batch.
If you have any questions or need assistance with your transaction, please contact our support team.
Buying Bitcoin
Create and Verify Your Account: Begin by creating an account with 1Bitcoin.ca and completing the required verification process.
Send Funds: Transfer funds from your verified bank account using an approved payment method.
Receive Bitcoin: Once your payment is processed, the Bitcoin will be delivered directly to the wallet address you provide. Ensure that the wallet address is accurate to avoid any issues.
Key Considerations
Non-Custodial Nature: 1Bitcoin.ca does not hold your Bitcoin at any point. You remain in control of your assets until you initiate a transaction.
Processing Times: The time required to complete transactions may vary depending on factors such as banking timelines, payment methods, Bitcoin network conditions, and account verification requirements.