Cashing Out Crypto in Canada 🇨🇦 - The BEST Way

[@cryptoforcanadians]

Get $10 after trading $100 worth of crypto on NDAX: refer.ndax.io/ase4 Get $25 after purchasing $100 worth of crypto on Newton: web.tradenewton.com/r/KDKZDD Download the spreadsheet: www.cryptoforcanadians.ca/downloads

[@sueemara9675]

Thank you my friend, very helpful and much appreciated ❤

[@cryptoforcanadians]

My pleasure! Glad to help out.

[@InterstellarML]

Great video. Do you also find in Canada that no one you know in real life is into crypto? I can’t get anyone into it.

[@cryptoforcanadians]

Thanks for the positive feedback! I've gotten so many people in real life into it lol.

[@WaterDude1]

Same here!

[@megaronald6385]

​@@cryptoforcanadiansany whats up group or telegram to those in real life crypto business

[@cryptoforcanadians]

I've got a Discord if you're interested in joining: discord.gg/cWyRBB7WVb

[@binishpaudel4556]

hey Mad Lad

[@megaronald6385]

Gd video thanx what exchange do you recommend in winnipeg

[@cryptoforcanadians]

Thanks for the positive feedback! That really depends on what you’re looking for or okay trading in (CAD/USDT). That said, check out this video as it should better help you to decide: kzbin.info/www/bejne/aZnHiGB6e8qcbZI Hope that helps and feel free to ask any other questions.

[@megaronald6385]

@@cryptoforcanadians thanx this helps will be a gd learning experience on trading crypto in Canada

[@cryptoforcanadians]

Glad to help you out!

[@cedwiz]

Is PayTrie no longer good for crypto to fiat conversions?

[@cryptoforcanadians]

If you're looking to cash out of stablecoins then not really. I explain it in this video: kzbin.info/www/bejne/gaa5iX1ubrRkadE

[@captnjaygreybeard6394]

Any suggestions for a crypto debit/creit card to use in Canada ? thanks

[@cryptoforcanadians]

Like you want to use crypto to pay for things?

[@beydoin]

which bank can you use to deposit to? and what's the limit of the exchange, and the credible bank?

[@cryptoforcanadians]

I deposit my funds with different banks. There really isn't a cash withdrawal limit.

[@MrMenoupload]

Not using paytrie anymore?

[@cryptoforcanadians]

Not for cashing out of. Here's why: kzbin.info/www/bejne/gaa5iX1ubrRkadE

[@ikust007]

Cheers and have a great bullrun !

[@cryptoforcanadians]

Thanks, you too!

[@thephatarmadillow]

For an individual living in ontario looking to trade futures - do you recommend a DEX like apolloX with a VPN? I've seen your other videos on this.

[@cryptoforcanadians]

Bitget offers futures trading with more liquidity than ApolloX but is restricted to users in Ontario. I've seen people bypass this with a VPN and verifying their account with a passport. That's up to you whether or not you want to take that chance. That said, if you are interested in using them, here's a link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614 If you don't want to go that route, then yeah ApolloX would be good too, no VPN needed. If you'd like to save 20% on your trade fees with them, here's a link: www.apollox.finance/en/invite/ref/2000000004369 Hope that helps!

[@danielserrano4667]

Would you make a video on how to deal with capital gains in Canada, and how to minimize the amount required to pay the Tax man. Thanks

[@cryptoforcanadians]

Check out www.cryptoforcanadians.ca/crypto-taxes as I've got some videos there that may be of interest to you.

[@danielserrano4667]

@@cryptoforcanadians Thank you so much

[@OldWolf9226]

With Newton, there's a third party banking agreement that is supposed to make withdrawals and maybe funding more efficient. Is this worthwhile or even necessary? Thanks.

[@cryptoforcanadians]

I'm not too sure about the details on Newton's third party banking agreement so I can't comment on that. Either way though, I've never had any issues cashing out from either NDAX or Newton.

[@Therionsylar]

awesome info! thanks!

[@cryptoforcanadians]

Glad it was helpful!

[@U4ia5bo]

What about coinbase? They withdraw to PayPal then straight to my bank account. Thoughts?

[@cryptoforcanadians]

Coinbase is pretty expensive. You can't actually see the price you get or their trade fees until you're on the screen. Only then do they show you how much you get. You're best to stick with either NDAX or Newton.

[@stealthyproducer]

Hey, I have crypto on my trust wallet I want to send to an exchange so I can cash out..problem is it’s still connected to the bnb smart chain and my country doesn’t allow binance usage…how can I bypass this?

[@cryptoforcanadians]

You'll first need to buy BNB and send that off to your Trust Wallet. Which province do you live in?

[@mowgliphone3336]

Thank you!

[@cryptoforcanadians]

You're welcome!

[@joshuanbray]

What's the best exchange for Canadians who want to do large buy and sell stop orders? Used to use Binance...

[@cryptoforcanadians]

If you're looking for a Binance "alternative" then check out Bitget as they would be the best alternative to Binance for Canadians. I've made a video comparing different exchanges to use in Canada that may be of interest to you as I talk about Bitget there and why they would be good for Canadians and how they compare to other exchanges: kzbin.info/www/bejne/aZnHiGB6e8qcbZI Just note that they're restricted in Ontario and Alberta. I have however seen people bypass this KYC by using a passport and a VPN. Do this at your own risk though. If you're interested in using Bitget, here's a link where you can save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614 Hope that helps!

[@Jane_Moore]

@@cryptoforcanadiansis bitget also restricted in Alberta?? Would I be able to transfer my coins from Binance to any good exchange allowed in Alberta, Canada? Pleeeease 😮 and thank u

[@Rhamz7]

Why not selling it for USDT on any foreign non KYC exchange and then just cash out whatever you need in small chunks after the bull market on either Newton or NDAX? It’s faster and cheaper and more convenient.

[@cryptoforcanadians]

I don't know of any non sketch NON KYC exchange so if you wanna use them go ahead and do that. Also, the video is about cashing out coins, not specifically USDT.

[@EmmaRodriguez-nf7vq]

What is the best strategy to enter crypto trading now for someone with more or less than $6000

[@cryptoforcanadians]

Check out www.cryptoforcanadians.ca/trading-crypto. Hopefully that gives you some guidance on where to get started.

[@ikust007]

Another video on your best platform for taxes ..?

[@cryptoforcanadians]

For taxes, tough to recommend one because I've noticed in the past that there would be a discrepancy between my records and what was produced so I just keep my own records.

[@ikust007]

@@cryptoforcanadians agree. Ouf. So you just do Credti/debit (lost/gains) excel sheet

[@cryptoforcanadians]

@ikust007 yea pretty much

[@MakeItALifeStyle-1]

If i want to cash out all my solana(woth around 60k) I can just send my sol to newton and than sell my sol for cad.but after that should i transfer 8-9k daily by etransfer to my bank acocunt or should i transfer in one amount direct to my bank?

[@cryptoforcanadians]

Don’t do it with Newton, you’ll get a better rate with NDAX. If you don’t want them to report it to FINTRAC, make sure you don’t cash or send more than $10K CAD worth within 24 hours. That said, if you’re interested in signing up with NDAX, here’s a link to get a $10 sign up bonus: refer.ndax.io/ase4. Hope that helps!

[@MakeItALifeStyle-1]

@@cryptoforcanadians i can just sell all my sol for cad on ndax and withdraw 10k daily i will be fine?

[@cryptoforcanadians]

I would probably limit it to $9,950/24 hours. Yes you should be fine.

[@MakeItALifeStyle-1]

@@cryptoforcanadians when i send my sol from my solflare wallet to my ndax wallet.should i sell all my sol completely and than withdraw daily or i should sell lets say only 9k of sol and than withdraw it and keep the rest in sol instead of cad? Or no difference.

[@cryptoforcanadians]

If you don't want ANY of your transaction reported to FINTRAC, keep any amount that you send to NDAX under $10K/24 hours. Only send what you plan on cashing out at that moment then send more once you've received them. In other words, send $9.9K worth of SOL to NDAX to cash out. Once you've received it, send another $9.9K worth of SOL. Hope that makes sense.

[@Pauljustin75]

Great video and good timing as BTC approaches resistance. Does anyone know the cheapest way transfer crypto to Newton, BTC, USDT, XRP, etc...?

[@cryptoforcanadians]

Where are your coins?

[@Pauljustin75]

Bybit and MEXC

[@cryptoforcanadians]

How much do you have?

[@Pauljustin75]

@@cryptoforcanadians 0.1 BTC

[@cryptoforcanadians]

In that case as you have 0.1 BTC, I would cash out from NDAX as you'll get a better rate. That said, if you're interested, here's a sign up link where you can get yourself a $10 bonus after a $100 trade: refer.ndax.io/ase4 I would consolidate into a single coin to withdraw like XRP or USDC (safest) and send it to NDAX to then sell and cash out. Hope that helps!

[@Sumairanawazish]

Withdrawal fee from NDAX into bank account is 25 dollars. Is it depends on the amount of Withdrawal or it is fixed? You showed in excel table its 3 dollars? So i don't understand. Can you please tell me?

[@cryptoforcanadians]

Withdrawal fee from NDAX USED TO be $25. Now it's either $1.5 for each e-transfer ($3,000 withdrawal max) or $4.99 for EFT. Just input the numbers into the calculator and it'll tell you which is the better place to cash out from.

[@unvarying]

What is the kyc like? im pretty sure ndax requires id

[@cryptoforcanadians]

Yes NDAX does require ID.

[@unvarying]

@@cryptoforcanadians is it worth it?

[@cryptoforcanadians]

Yes NDAX is worth it.

[@BeatzAintfreeMobile]

Your spreadsheet is not editable? Can you allow access please?

[@cryptoforcanadians]

You first need to download it.

[@BeatzAintfreeMobile]

@@cryptoforcanadians right on, I did export and was able to edit. Much appreciated. Our outlet for crypto info and resources 🇨🇦

[@cryptoforcanadians]

My pleasure!

[@Investedarg]

Could you please do video about Canada crypto taxes? Thanks in advance ❤

[@cryptoforcanadians]

I've got some resources here that may be of interest to you: www.cryptoforcanadians.ca/crypto-taxes. Hope that helps!

[@synos0202]

why not bitbuy?

[@cryptoforcanadians]

Here’s why: kzbin.info/www/bejne/j3_bkoKmrN2Cntk

[@OldWolf9226]

Too expensive.

[@cryptoforcanadians]

Yeah pretty much. They're actually the most expensive place in Canada. No thank you, I'll pass on them lol.

[@synos0202]

@@cryptoforcanadians Wow, they really are insanely expensive. thanks!

[@cryptoforcanadians]

Exactly why I made the video. Not many people realize that.

[@xxgg]

Everything in this video is valid for Ontarians?

[@cryptoforcanadians]

Yes.

[@beydoin]

is Coinbase good?

[@cryptoforcanadians]

Not for cashing out because they charge a 1% cash withdrawal fee via e-transfer.

[@MattersNot]

Hey bro what would you recommend the cheapest way to transfer crypto from newton to bitget what could would be cheaper to transfer fee wise

[@cryptoforcanadians]

I've actually made a step by step tutorial video on the best way to cash out of Bitget in Canada. Check it out here: kzbin.info/www/bejne/n36ViJKtjraFjKs Hope that helps and feel free to ask any questions if you've got any!

[@MattersNot]

@ thanks brother!

[@cryptoforcanadians]

My pleasure!

[@Qklaugh]

Great video

[@cryptoforcanadians]

Thanks I greatly appreciate it!

[@iddevbello5489]

Thank you for this insight, is there an email to reach you on?

[@cryptoforcanadians]

Sure thing. [e-mail]. Be sure to check out my site at www.cryptoforcanadians.ca for more information as well.

[@s.kabdurrehman9438]

Can you tell me like is it safe to cashout like big amount of money and there will be no Holds or problems? like 100-300k please tell i want to cash out from Hardware wallet. Please tell me best and safe exchange to cashout

[@cryptoforcanadians]

Are you looking to cash that out in a single go or bit by bit?

[@s.kabdurrehman9438]

@@cryptoforcanadians like at a single time i want to cash out please let me know

[@cryptoforcanadians]

I've never cashed out that much in a single go so I can't really answer that. Sorry but you're best to ask around.

[@s.kabdurrehman9438]

@@cryptoforcanadians But what can you suggest? How to cash out big amounts in safe exchange?

[@cryptoforcanadians]

@s.kabdurrehman9438 I would send it to NDAX, and sell bit by bit and cash out every so often.

[@AnhTuanNguyen-gc2gu]

Thank you for your useful information. I come from Vietnam. In the near future, I'm going to live and work in Canada with temporary work permit visa. Could you give me the best advice how to use my stable coin (on BNB chain) for living cost? Is there any way to use crypto Visa card in Canada?

[@cryptoforcanadians]

First convert your stable to USDC on BNB Chain and then you would cash it out with NDAX as they accept USDC on BNB chain. There aren't any crypto Visa cards in Canada that I know of. Also, I'm not sure if you'll be able to sign up with a Canadian crypto platform with just a work permit visa so keep that in mind.

[@cryptoforcanadians]

I actually asked NDAX for you. You can use them as they accept work visas too.

[@AnhTuanNguyen-gc2gu]

@@cryptoforcanadians Thank you a lot for your help. Another question, how about the tax policy in this case?

[@BeatzAintfreeMobile]

An updated video on tax strategy would be awesome with the recent movement in crypto

[@cryptoforcanadians]

Check out www.cryptoforcanadians.ca/crypto-taxes for more information about that. There haven't been many changes.

[@pixiestar123]

What are your thoughts on wealthsimple?

[@cryptoforcanadians]

They’re expensive. There are much cheaper ways to buy and sell crypto in Canada. Check out NDAX as they have the best prices. Here’s a link to see how they compare to other Canadian crypto platforms: www.cryptoforcanadians.ca/buying-crypto. If you’re interested in signing up with them, here’s a link to get yourself a $10 bonus after a $100 trade: refer.ndax.io/ase4. Hope that helps!

[@ikust007]

Finally : let’s say one do not go to fiat but swap direct to Btc from Shitcoins …?

[@cryptoforcanadians]

Do that on Bitget then. Use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. Hope that helps!

[@alancadieux2984]

If there is a continuously reduced rate for the exchange in order to cash out rather than 1 agreed upon rate, that is theft and misleading. Certainly wouldn't be doing business with them.

[@cryptoforcanadians]

Not sure what you mean. The withdrawal fees are fixed and they tell you prior to withdrawing what the fee will be.

[@alancadieux2984]

@cryptoforcanadians no, you said the first approximately fifty thousand would be at one set value and next fifty thousand would be at a lower value and so on, Bitcoin only has one set value, not that I have enough money 💰 to throw around and be doing $250,000 transactions but if I did it would be somewhere else.

[@alancadieux2984]

@cryptoforcanadians unless what you intended to communicate was that on what would be a very large one time cash out for the average investor, there would be a progressive rate of exchange on different segments of the same transaction, I think...Mabey...

[@cryptoforcanadians]

I see what you mean. That's because Ndax works off an order book as do all exchanges. That's why the first bit gets sold off at one price and the next bit gets sold off at another price. Ndax may not be the most liquid for large transactions which is why they have OTC desks so you can liquidate or purchase all your coins at a set amount while minimizing price fluctuations.

[@user-g968h93r]

NDAX does NOT support USDT in canada

[@cryptoforcanadians]

You're right they don't and I never said they do. If you're looking to buy or cash out USDT in Canada, you'll want to check out www.cryptoforcanadians.ca/usdt Hope that helps!

[@Qklaugh]

Great video

[@cryptoforcanadians]

Thanks I greatly appreciate it!