How to cash out Bitcoin to a bank account in Canada

Two published routes for selling Bitcoin to Canadian dollars and withdrawing the cash to your bank, checked against official pages on Nov 12, 2026. Screens change, so the official pages linked below are the source of truth. This is not financial or tax advice.

Before you start

• You need a verified account at a platform that serves Canadian residents; identity verification is required before trading and withdrawals.
• Withdraw only to a bank account in your own name.
• Selling Bitcoin can have tax consequences. This page covers published fees only - not tax.

Option 1: NDAX

1. Open NDAX (web or app) and go to the trade screen.
2. Choose BTC and sell to receive Canadian dollars. NDAX charges a flat 0.20% trading fee on every order, any size, shown before you confirm.
3. Withdraw CAD by Interac e-Transfer (C$1.50 flat, about 0-30 minutes, C$10,000 limit per transaction) or EFT bank transfer (C$4.99 flat). Deposits are free.

Option 2: Kraken

1. Sell BTC/CAD on the Kraken Pro order book (0.40% maker / 0.80% taker at the base tier) or with the instant one-click sell (1% trading fee plus a variable spread).
2. Withdraw CAD by Interac e-Transfer (C$10 flat, minimum C$15) or EFT (0.35%, minimum C$50; 2-5 business days).

What it costs

On a C$1,000 sale, the published fees are: NDAX C$2.00 trade fee + C$1.50 e-Transfer = C$3.50; Kraken Pro taker C$8.00 + C$10 e-Transfer = C$18.00. All before any spread built into the quoted price. Estimate your own amount on the Canada calculator.

Official sources

• NDAX fees
• Kraken Pro fees
• Kraken cash withdrawal options
• Newton fees

Canada calculator · Canada comparison · NDAX vs Newton · NDAX vs Kraken · NDAX service page