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How Do I Withdraw My Bitcoin off 1Bitcoin.ca?
How Do I Withdraw My Bitcoin off 1Bitcoin.ca?
Updated over a week ago

Looking to withdraw and self-custody your Bitcoin? That's great news! At 1Bitcoin, we encourage all our clients to take full possession of their Bitcoin. This article will help guide you through the steps to withdrawing your Bitcoin.


Step One:

Navigate to your 1Bitcoin Dashboard and select the "Withdraw" Button, highlighted below.


Step Two:

Select "Bitcoin" as the currency you are looking to withdraw.


Step Three:

This next page will give you all the information needed to make your withdrawal. Do not withdraw your Bitcoin to any third party, or anyone that you do not know. Transactions on the Bitcoin blockchain are final and irreversible. If you are unsure about withdrawing your Bitcoin, contact a 1Bitcoin Broker immediately.

  1. This is the amount of Bitcoin you are looking to withdraw.

  2. The total Bitcoin Balance you have on your account

  3. Clicking this button will set your withdrawal amount to your full Bitcoin balance

  4. This is the address you are looking to withdraw your funds to

  5. Do not send Bitcoin to an address you do not control, you must acknowledge that you are in full control of the destination address.


Step Four:

Once you have clicked continue, you will be prompted to enter your Two-Factor Authentication code from either your Google Authenticator, Authy, or similar app. If you have lost this code, visit this article.


Step Five:

Once you have successfully entered your 2FA code, you will be shown a summary of your withdrawal before you submit. If your information is correct, you can click the 'Proceed' button at the bottom of the popup.


Step Six:

Your withdrawal request has been sent. Withdrawals can take up to one business day to process, we appreciate your patience in advance. Once your withdrawal has been processed, you will receive an email notification regarding the withdrawal.


If you have submitted your withdrawal and regretted withdrawing shortly afterwards, you have the opportunity to cancel your withdrawal by clicking on the transaction either in your recent transaction section, or on your transaction history page. At the bottom of the popup you will see a "Cancel Transaction" option that will credit your Bitcoin back to you.

Bitcoin withdrawals are processed twice daily, at 2pm and 8pm Eastern Standard Time. We batch out transactions in order to allow for easy manual processing.

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