Post
Topic
Board Bitcoin Discussion
Re: BTC-friendly banks in Canada?
by
dificanovi
on 30/09/2024, 23:51:41 UTC
Hi guys, I hope you're all well :-)

I was wondering if any members here have any experience of profit-taking from BTC in Canada, and in particular, which Canadian banks are most likely to be OK with customers withdrawing cash from BTC sales into their accounts?

This is the first BTC bull cycle I've experienced (not counting the tail end of the 2020 cycle when I first started investing) so I've yet to try making any sales / taking profit, so I want it to be as hassle-free as possible.

Thanks :-)

If you are someone who lives in Canada then you don't need to be afraid to withdraw cash or deposit money for Bitcoin. From the information I got that Canada is one of the countries that has a policy approach that tends to be friendly to bitcoin. If it is true that you are in Canada then you can use several crypto exchanges such as NDAX, Kraken Canada and CoinSmart. Some of the exchanges that I mentioned you can withdraw and deposit cash in Canada through Banks in Canada.