We do not custody Bitcoin. As 1Bitcoin.ca is a non-custodial platform, you are required to submit a valid Bitcoin address before completing a purchase. Once your purchase is executed, the withdrawal will be included in the next available batch for processing.
Additionally, the platform does not retain CAD balances, and the customer's wallet must be active, verified, and whitelisted to ensure secure transactions.
Additionally, 1Bitcoin.ca does not provide or hold Bitcoin wallets for its customers. You must have an external Bitcoin wallet that you control to complete transactions on the platform.
Deposit and Purchase Policies
When depositing funds to buy Bitcoin, it is important to note that:
Full Deposit Usage: Deposits are automatically and entirely used to purchase Bitcoin. For example, if you deposit $10,000, the entire amount will be used to buy Bitcoin.
Partial Purchases: To purchase only a portion of the amount, deposit the exact amount you wish to use. For instance, if you want to buy $4,000 worth of Bitcoin, deposit $4,000. This policy ensures a straightforward and efficient transaction process.
Auto Buy Functionality: CAD deposits are automatically converted to Bitcoin and sent to your wallet. This feature cannot be turned off.
This approach ensures that your Bitcoin is securely transferred directly to your wallet, maintaining the highest level of security and efficiency.
To sell Bitcoin and receive CAD in your verified bank account, follow these steps:
Create a Sell Order in your 1Bitcoin.ca account.
You will receive instructions and a Bitcoin address to send your Bitcoin for the sale.
Once the Bitcoin is received and processed, the CAD proceeds will be sent to your verified personal bank account.
You are not locked into using any specific Bitcoin wallet. You have the freedom to choose a wallet that best suits your needs. Your Bitcoin remains in your wallet between transactions, giving you full control over your funds at all times. Familiarize yourself with your wallet's features to manage your Bitcoin securely.
General Transaction Guidelines
Always verify your wallet address before initiating a transaction.
Ensure your bank account is verified for smooth CAD withdrawals.
Familiarize yourself with your wallet's features to manage your Bitcoin securely. If you have any questions or need further assistance, please reach out to our support team. We're here to help!
Ensure your wallet is active, verified, and whitelisted before initiating transactions.
Key Steps for Using 1Bitcoin.ca
Set Up a Bitcoin Wallet: Before using 1Bitcoin.ca, ensure you have a secure Bitcoin wallet. Choose a beginner-friendly wallet if you're new to Bitcoin.
Buy Bitcoin: Purchase Bitcoin on 1Bitcoin.ca and provide your wallet address for delivery.
Store Bitcoin: Keep your Bitcoin in your wallet until you decide to sell.
Sell Bitcoin: Create a Sell Order in your 1Bitcoin.ca account, receive a Bitcoin address for the sale, and send your Bitcoin. The platform will convert it to CAD and deposit the funds into your verified bank account.