Skip to main content
All CollectionsFunding and Withdrawals
How Do I Withdraw Canadian Dollars Off 1Bitcoin.ca?
How Do I Withdraw Canadian Dollars Off 1Bitcoin.ca?

How Bitcoin Sales and CAD Withdrawals Work at 1Bitcoin.ca

Updated over a month ago

When you send Bitcoin to your 1Bitcoin deposit address, a sale into Canadian dollars (CAD) will be executed at the first confirmation on the blockchain. After the sale, 1Bitcoin.ca will automatically submit a withdrawal request, and it will be processed the same day.


Important Information About Canadian Dollar (CAD) Withdrawals

Please note that funds loaded in Canadian dollars cannot be withdrawn directly. All CAD deposits must first be used to purchase Bitcoin before any withdrawals can be made.

This policy is in place to ensure smooth transactions within our platform and compliance with Anti-Money Laundering (AML) regulations, which require us to transact funds into Bitcoin as part of our operational processes.

If you have any questions or need assistance, please contact our customer support team.

Did this answer your question?