How to Withdraw CAD with Bank Transfer

Once you have sold your massive amount of hard earned Bitcoin, next step is to move your whale sized bag of cash over to your Canadian bank account in one shot by using the fastest delivery in Canada for larger amounts using bank transfer.

The first step in transferring funds from your MyBTC.ca account balance to your bank account via Bank Transfer is to click or tap the red “Withdraw” button.

Now you can view the list of options to withdraw CAD to your Canadian bank or credit union. The second option on the list will be Bank Transfer— to the right, press the red “View Instructions” button.

After you enter your bank account details as directed and select any amount between $20,000 - $75,000 you can then initialize the Bank Transfer send by pressing the red “Submit” button at the bottom of the window. Funds from Bank Transfer withdrawals usually arrive expeditiously within 1-2 Business Days.

You have to see it to believe it and there is no better feeling than refreshing your online banking and seeing your fresh new and BIGGER bank account balance.

Bank Transfer Withdrawal Limits and Fees

• Per transfer: $20,000 to $75,000.
• Daily maximum: two Bank Transfers per day, up to $150,000.
• Fee: $10.00 per transfer.
• Timing: 1 to 2 business days.

What You’ll Need

• A CAD balance of at least $20,000 in your MyBTC.ca account.
• A Canadian bank or credit union account registered in your own name.
• Your bank account details. The withdrawal form shows exactly which fields to fill in.

Bank Transfer or Interac e-Transfer?

For amounts under $20,000, use Interac e-Transfer: $10 to $25,000 per withdrawal, a $5.00 fee, and usually 0 to 6 hours. For bigger amounts, Bank Transfer means fewer requests. Withdrawing $75,000 by Interac e-Transfer takes three requests and $15.00 in fees, compared with one Bank Transfer for $10.00. Interac e-Transfer is faster, though, so pick whichever suits your timeline.

Timing Tips

Bank Transfers move on business days, so a request made on a Friday or just before a statutory holiday may take longer to arrive. If you need the funds by a certain date, submit your request early in the week.

Quick Answers

Do these limits cap how much crypto I can sell? No. They apply only to withdrawing CAD from your balance. You can sell up to $500,000 worth per order.

How do I keep records? Export your withdrawal history as a CSV file from the History section of your account.

I’m selling a large amount. Anything I should know? Sell orders run up to $500,000 each, with a 4.95% fee ($1.00 minimum). Bitcoin converts to CAD after 2 confirmations, Ether after 12 and USDC after 30, and then your balance is ready to withdraw.

Can I withdraw to a business account? MyBTC.ca supports both personal and business accounts. Contact our Corporate Wealth team to get a business account verified.

Please contact our Wealth Team and request an agent walk you through the process personally via voice or text, whichever you prefer. No question is too big or small, the only question that will remain is — will you sell it all?