How to Cash Out From Binance in Canada (Step By Step)

[@stigaldo]

Give this man a medal. Well played!

[@cryptoforcanadians]

Haha thanks. Very kind of you to say so!

[@cryptoforcanadians]

@@mirumiru3951 Haha thanks! Very kind of you to say so.

[@samsongao366]

My man making a KZbin video on Valentine's Day for our sweet heart. Teaching us how to withdraw from Binance to Canada.

[@cryptoforcanadians]

Hahah indeed. Happy Valentines day to my viewers!

[@everjust23]

thanks man, I've been doing this method for past weeks! Keep us posted if things change, appreciate it

[@cryptoforcanadians]

I had to make this video because people couldn't connect the dots with 3 videos I've made about this. Glad to see you were able to get it!

[@PhilipOberg]

This is a great channel. I am 39, live in Canada and wanted to dip my toes into the crypto waters. I have a Newton and Binance account now and 305 ADA. Your channel has everything I needed to get going and now after a few weeks of adding and transferring I am starting to know what I am doing - if I have any confusion I just come back and reference your channel to get back on track. Best part is I actually already made money on the ADA too with yesterday's big jump. Thanks you got a new subscriber. Hello from Yukon, Canada

[@cryptoforcanadians]

Thanks, I appreciate the success story! Glad to hear to help you out!

[@SwagMasterBezzy14]

The real Canadian Hero!

[@cryptoforcanadians]

Thanks I appreciate the kind words!

[@decadentia84]

God bless XLM. It's been great for fees etc. Learned it here of course ;)

[@cryptoforcanadians]

Haha great to hear that I was able to help you!

[@Pauljustin75]

Agree, same here. I’ve been using USDT not knowing there was a better solution. Thanks for the great tips and keep them coming!

[@cryptoforcanadians]

@@Pauljustin75 My pleasure. Glad to have helped you out!

[@davidborys9007]

@@cryptoforcanadians firstly, thanks for your videos. in a previous video you talked about using Paytrie to buy coins, and then have them sent to Binance. i double checked now to see if Paytrie also has XLM but they don't. are you saying that the fees to get crypto back AND forth to Binance (or probably any other wallet) is better through Newton using XLM instead? or just back from Binance? Paytrie has been so easy sending USDT, but I understand you can't send funds back to Paytrie to then withdrawal. are the overall fees better through Newton back AND forth to other exchanges/wallets using XLM?

[@cryptoforcanadians]

@@davidborys9007 XLM is the cheapest way to transact between Newton and Binance. PayTrie doesn't have XLM...only stablecoins.

[@YasirKhanCoaching]

You are doing god's work

[@cryptoforcanadians]

Haha thanks

[@EarthNectar]

Thanks very much for this clearly explained video man. I've been trying for over 2 months to figure out how to get crypto out of Binance and back into my Canadian bank account. This is the answer I needed! Blessings to you for taking the time to share your knowledge with us freely.

[@cryptoforcanadians]

My pleasure! I'm glad the video helped. Also, check out www.cryptoforcanadians.ca/binance-guide as there may be some videos that may be of interest to you there.

[@vincea9284]

This is another straight forward, better than 45 min video out there. And most of all, I'm saving.. Thanks for this great video. I just want to make sure I'll be doing this right as a newbie. So, if I want to cash out say ADA, my steps would be: At Binance.. 1. ADA to USDT (ADA/USDT) : to Buy/convert ADA to USDT here 2. USDT to XLM (XLM/USDT) : to Buy/convert USDT to XLM here. Then follow the rest of the video to proceed cashing out at Newton?

[@cryptoforcanadians]

Exactly!

[@tigerhoodstv6379]

this is the missing piece i needed!

[@cryptoforcanadians]

Glad the video was able to help you out!

[@tsmith1729]

@@cryptoforcanadians When exchanging bitcoin to fiat on Newton are they giving you actual current prices ?

[@jayreyeshumber]

@@cryptoforcanadians can I use trust wallet instead of Newton or Shake pay?

[@cryptoforcanadians]

@@jayreyeshumber Absolutely. You can use whatever wallet you want.

[@poppersdank]

@@cryptoforcanadians How do you use Trust Wallet?

[@conqwiztadore2213]

This is straight up a public service!!!

[@cryptoforcanadians]

Absolutely!

[@michaelmartins8]

Hey, quick question. What if you want to withdraw a coin that isn't on Newton? For example Cardano? Thank you!

[@cryptoforcanadians]

Sell it for USDT then follow the steps in the video.

[@surfchops]

Thank you so much for this. I should have figured it out myself but I'm new to cryptos. Now it's all so simple: buy/sell on a Cdn account and transfer and trade at Binance.

[@cryptoforcanadians]

Glad to help!

[@makan1568]

Man Love your videos. So informative !!!!

[@cryptoforcanadians]

Thanks for the positive feedback! Glad you like them!

[@ayalamatza-reardon7671]

i was looking for a long time how to take my money out, so helpful, thank you!

[@cryptoforcanadians]

Glad I could help!

[@Malfrus]

man thank you for the info about the fees, ive been using shakepay to transfer funds to binance and back to shakepay

[@cryptoforcanadians]

Glad the video helped! Better late than never!

[@pl4tinumslapz302]

Isnt etransfer a max of $2000? What if I want to transfer $100,000 to my bank from either shakepay or newton?

[@cryptoforcanadians]

@@pl4tinumslapz302 You may want to contact them first about that.

[@Dogeyess]

Great video bro! The value you provide is amazing

[@cryptoforcanadians]

Glad to hear that, and glad you enjoy the content!

[@joseandrescalderon1344]

Hi - as of today October 18, 2021, is this still the best way to cash out from Binance in Canada? just want to be sure considering all the recent regulations. Thanks.

[@cryptoforcanadians]

Check out this KZbin video on the best way to turn coins on Binance into cash in Canada: kzbin.info/www/bejne/Z5jPnaallq6LZrM. Once you know which is the better platform to go with to cash out from, there are step by step tutorial videos that show you what to do.

[@mohnjark3739]

thank you i'm trying this now! still waiting for xlm appear on my newton. how long does it take?

[@cryptoforcanadians]

No more than 15 minutes?

[@mohnjark3739]

@@cryptoforcanadians thankyou! i got it my first paycheck. lol I hope you can suggest an alternative for binance?

[@cryptoforcanadians]

@@mohnjark3739 Great to hear. Unfortunately that's a hard one. Here's one of my latest videos on that though: kzbin.info/www/bejne/habOg52fhNpsqbM

[@ravirajan5594]

I clicked XLM/USDT, but I don't see Place Order page when you are redirected @52s

[@cryptoforcanadians]

Not sure why that's the case then

[@dijeansaunders3117]

This is what I needed to collect my funds thank you bro ❤️

[@cryptoforcanadians]

Glad I could help!

[@Stircrazyy10]

Thank you for this video! So I would just skip the cash out if I wanted to still hold those coins in Newton right? I found out today that Binance is closing out all their Canadian accounts (or is it only Ontario, not sure) and they are giving us until December this year to remove all of our assets. How do I do that with alt coins that Newton or Ndax don't carry? :(

[@cryptoforcanadians]

If they don't carry them, then send them off to a wallet that you own.

[@KoNViiKz]

That is absolutely shitty. Binance isn't getting banned in Quebec, which is good for me. For once, being the most taxed province in Canada has its advantages :')

[@cryptoforcanadians]

@@KoNViiKz Hahah yeah for once!

[@msining]

Hey Canadian hero, thanks so much for the info! Any suggestions for cash out from BlockFi? Thank you!

[@msining]

Can I send USDT from BlockFi to Newton?

[@cryptoforcanadians]

Yes you can

[@kookydookies5023]

This actually works and I got a free $25. Thanks!

[@cryptoforcanadians]

Glad to help! My pleasure.

[@ErikTheBeast_]

Thanks man. Great video!

[@cryptoforcanadians]

Glad you liked it!

[@DanMProductionsBois]

What are the fees for withdrawing to bank account ?

[@cryptoforcanadians]

No fees to cash out. However check out this video here as there may be a cheaper way to cash out: kzbin.info/www/bejne/Z5jPnaallq6LZrM

[@bobnewell1052]

A comparison between transfer rates for (diff crypto) funds as a "for instance" would be helpful... thanks for the explanation though.

[@cryptoforcanadians]

Thanks for sharing!

[@JoshuaCassel]

This is probably a tad stupid of a question but do you have video regarding how to collect information for your taxes around crypto? Also, is cyrpto currencies taxed on the calander year or the march 1 tax year?

[@JoshuaCassel]

Also, I'm specifically using Newton, Binance, and Blockfi.

[@cryptoforcanadians]

Perhaps this video can help: kzbin.info/www/bejne/bIiTeJusrNqCqsk

[@guhankathiroli4439]

So the first step is to convert my current stock to USDT via "Trade" option in Binance and then again convert to XLM because of low fees right?

[@cryptoforcanadians]

Yes that's correct

[@chrisypoo8254]

So do you convert everything on binance to USDT or XLM first

[@cryptoforcanadians]

@@chrisypoo8254 USDT first then buy XLM with it after

[@alexjust851]

Question? For larger withdraws in Canada do you recommend Newton? ie. More then $10k

[@cryptoforcanadians]

Yes I do recommend using Newton but you may want to double check that.

[@Apex_Crypto]

What is you want to withdraw other crypto to do have to convert it to XLM first because that's what's supported by newton?

[@cryptoforcanadians]

XLM's the cheapest coin to withdraw from Binance that Newton supports.

[@Apex_Crypto]

@@cryptoforcanadians I need some serious help with withdrawal. Do you have WhatsApp brother?

[@cryptoforcanadians]

Just follow the video. If you're interested in a 1:1 session, feel free to email me at [e-mail]

[@Apex_Crypto]

@@cryptoforcanadians God bless you my brother. I will do that. Thanks for all your assistance. Your a good man. 🙏🏽🙏🏽🙏🏽

[@cristianpopecu7970]

Hi mate! Thx for the video! I have a question: I`ve read a lot about UNO tokens. Many ppl promise a bright future for these coins. Should I buy it?

[@cryptoforcanadians]

Never heard of UNO before

[@fortyfive4523]

Hey bro new fan here...binge-watching form Toronto!!!!

[@cryptoforcanadians]

Haha welcome to the channel!

[@km6412]

You are a ROCKSTAR👊 I have been looking tirelessly for this kind of video and you have nailed it, found your channel last night, and now a new video, I’m also Canadian trading on binance and for me getting money in was super easy but I have been trying to figure this out for months..... not that I’m taking any out anytime soon😉 Can’t wait for the next video,

[@cryptoforcanadians]

Welcome aboard! Glad to have helped you out!

[@yousifhana6363]

so if im trying to fund my binance account using newton, do i still use XLM?

[@cryptoforcanadians]

Yes

[@kyley3795]

With interact e transfer there is a weekly limit as well as daily limit. What if you want to transfer 100K in one go can you do that with "To Bank Account" option?

[@cryptoforcanadians]

I think the limit is like 75K a week?

[@user-we4tv5ur5u]

Super informative! Would it make sense to go from BNB > XLM on binance then send to newton? Or would the BNB need to be changed to USDT first?

[@cryptoforcanadians]

BNB to XLM is fine

[@jasonvu2359]

Do you have to use XLM

[@cryptoforcanadians]

No. Here’s a KZbin video on the best way to turn coins on Binance into cash in Canada: kzbin.info/www/bejne/Z5jPnaallq6LZrM Once you know which is the better platform to go with to cash out from, there are step by step tutorial videos that show you what to do.

[@mohnjark3739]

Noob question. Do you file tax for your earnings from crypto? Tia 🙏

[@cryptoforcanadians]

Yes you're supposed to.

[@joshualeopardi4984]

Hey, for example if I own a coin like cardano or ethereum in binance, would I have to sell them for usdt then buy xlm then transfer to Newton?

[@cryptoforcanadians]

For ETH, you can buy XLM directly, but for ADA yes you'd have to sell them for USDT first

[@astonndombelendombele7554]

Hi Deaf I like your video very educative quick question what to do when when Binance leave? Any idea!

[@cryptoforcanadians]

I would say to check out Gate as I think they're the best alternative to Binance in Canada. I've actually made a series of tutorial videos on them that you can check out here if you're interested: kzbin.info/aero/PLzBkR7WI_by0FKx4jRR0cC3c18czVhyLq. I show you how you can fund, trade, and even cash out from them in Canada.

[@sutipt]

Great thank you so much for the video. It was really helpful. I had a question if I am trying to withdraw Doge or ADA (coins not listed on newton) would I have to convert them to BTC/ETH/XLM etc first before moving them out to newton from binance?

[@cryptoforcanadians]

Yes, correct

[@Mar-dj9xn]

Can you just use Newton as the exchange to buy and sell crypto without the involvement of binance/coinbase? Why not just use Newton for buy/sell and cashing out?

[@cryptoforcanadians]

Yes you can, it just depends on what you're doing. Watch this though: kzbin.info/www/bejne/oIa2ZZiZmbZ1pKc

[@KevinPrudhomme]

Hi thank you for the video! Is this video still the cheapest way fee wise? Also would you use XLM to transfer from Phemex to Newton or is there another way? Is there a way to withdraw crypto with e-transfer directly from Binance or Phemex or you have to it this way by sending it to Newton first? Thank you, have a nice day!

[@cryptoforcanadians]

It depends on how much you're cashing out. Check out this video on that: kzbin.info/www/bejne/Z5jPnaallq6LZrM. I don't know about Phemex so I can't comment. You'd have to send the coins off to a fiat on/off ramp platform like Newton.

[@MrDeboss247]

Would it be better to just buy the coins of Newton ?? Idk I’m new to the crypto space

[@cryptoforcanadians]

I don't give financial or investment advice. Just do your own research on what's good for you.

[@Jen-er7jc]

It still works. Thank you!

[@cryptoforcanadians]

My pleasure!

[@brandon19900909]

Great video ! Question . If I’m trying to sell tokens such on binance such as Shiba, Vet, Xrp would the method be the same or something completely different?

[@cryptoforcanadians]

The same. It doesn’t matter what coin you’re selling to cash out. Sell it for USDT and then buy XLM with that USDT. However, this video here may be of interest to you: kzbin.info/www/bejne/Z5jPnaallq6LZrM

[@brandon19900909]

@@cryptoforcanadians so example would be to sell SHIBA - USDT Than open Newton account and sell USDT - XLM & than covert to Canadian $ ?

[@cryptoforcanadians]

Exactly.

[@refused1]

Nice vid. Would you still recommend this process if BTC is on cold storage? So Cold Storage BTC > Binance BTC > USDT > XLM > Newton > Fiat E Transfer?

[@cryptoforcanadians]

Just send the BTC directly to Newton to cash out.

[@Razear]

Is there a way to cash out from your Binance account to PayPal funds? Does Newton support it?

[@cryptoforcanadians]

You can try to do P2P but I wouldn't recommend that.

[@torirogers29]

I am try to do the same thing but with USDT. There is multiple networks. How do I know which on to use?

[@cryptoforcanadians]

If you're sending it to PayTrie then Binance Smart Chain.

[@sachindhatt4525]

Hey, In terms of cashing out on Binance, can you us the same method with Cardano?

[@cryptoforcanadians]

Yes you can. Just sell it for USDT to buy XLM.

[@cryptoforcanadians]

Get $25 after buying or selling $100 worth of crypto on NEWTON: web.tradenewton.com/r/KDKZDD Save 20% on your trading fees on BINANCE: www.binance.com/en/register?ref=PWWHQ2RY

[@Behrnah]

Is there a way to use a referral code on Newton after creating an account? I emailed them to delete my account in order to start a new one using your link, but they take forever to reply back, and in the meant time I decided to fund it and start investing.

[@cryptoforcanadians]

@@Behrnah I don't think you can. I would say you're better off just using another e-mail address for the account if you're okay with that.

[@Behrnah]

@@cryptoforcanadians Makes sense. Thank you

[@cryptoforcanadians]

@@Behrnah My pleasure!

[@stickget2805]

#moons #yfbt #xfi #loot 🚀🚀🚀 TOTAL SUPLY=4000 !! To The Moon !

[@NullDogma]

Any other recommended methods if Newton isn't a option?

[@cryptoforcanadians]

Check this out: docs.google.com/document/d/1Bek8cCnhbUZcZgUGdkHms2UU5SF0XkzOdkdVvdHbFew

[@amrjad5956]

Awesome video. but I had a question, why not skip all that and use the p2p option in binance from the beginning? I don't live in Canada right now but I am moving to Canada in August. but here in my country, if I want to convert crypto to cash, we use p2p always. So, are there any restrictions on p2p in Canada or what?

[@cryptoforcanadians]

That’s because P2P’s not consistent, reliable, and there are associated risks with it. I’m making videos on things that will consistently yield the same result. P2P is based on the buyer/seller at the time which changes all the time. Not only that, you can get scammed. Hope that helps!

[@angelmariedeiparine6406]

how long does it take to add funds in newton from binance?

[@cryptoforcanadians]

Usually about 15 min

[@mulexawikjo8207]

I have my crypto in ethereum , do i have to switch that to xlm or i can just sent the eth to newton and withdraw from there ?? Please reply

[@cryptoforcanadians]

You can send the ETH directly to Newton but it's not going to be as cheap as sending XLM.

[@mulexawikjo8207]

Thanks bro

[@cryptoforcanadians]

My pleasure!

[@DistiIIer]

Hey, great video, would this work for VET and/or XRP ?

[@cryptoforcanadians]

Any coins will work. Just trade it for USDT, then buy XLM to send off

[@theodoreramkaran8536]

Does this work with any crypto currency? Or should I switch whatever currency to XLM?

[@cryptoforcanadians]

It works with any. XLM is just the cheapest.

[@Hazeygames007]

Can i send interact transfers to any email or number or they restrict it to always the same account

[@cryptoforcanadians]

The e-tranfers are sent to the email you registered with Newton.

[@FJ__1992__]

Hey man, during the add funds section in 1:45, I forgot to switch from BTC to xlm and transferred using the BTC address. Does that mean I've just sent it to the wrong address? :(

[@cryptoforcanadians]

Yes

[@FJ__1992__]

@@cryptoforcanadians is there anyway I can retrieve it?

[@cryptoforcanadians]

@@FJ__1992__ Contact Binance about it.

[@FJ__1992__]

@@cryptoforcanadians It might be lost for good. It wasn't a lot of money but lost money is never good. Thanks anyways man and for all you do!

[@cryptoforcanadians]

@@FJ__1992__ Sorry to hear that. Take it as a lesson and learn from it.

[@trollwhisperer4742]

Is there any reason why you don't use the "convert" function, instead of going to Market and buying XLM with your USDT? For example, I have Doge to cash out. Isn't it easier to go and use the "convert" function to convert DOGE to USDT. Then use the convert function again to convert USDT to XLM. Then send the XLM to Newton to cash out.

[@cryptoforcanadians]

I would but it's more expensive to "convert." I think the fees are like 2% as opposed to 0.1% for trading.

[@trollwhisperer4742]

@@cryptoforcanadians Got it . Thanks.

[@cryptoforcanadians]

@@trollwhisperer4742 My pleasure

[@itzkordian2075]

I recieved my e-transfer but where do I find the security question provided by Newton?

[@cryptoforcanadians]

Check the side panel when you click on the 3 lines at the top right.

[@scion3454]

Hi recently stumbled upon your channel and really concise content, straight to the point. I do have a question as I am still fairly new to crypto. So I understand I transfer my money on Newton to XLM and then transfer my money to Binance and convert my XLM there to USDT. I am interested in buying DOT on Binance so lets say I purchase DOT with the USDT that I have converted, but I dont want to sell it for a couple years. Would I have convert the DOT I just purchased to XLM and transfer it back to Newton and convert it back to CAD and just let it sit? Or could I just convert the DOT to XLM and let it sit on Binance? Or do I just leave the DOT that I purchased with USDT on Binance and only convert it to XLM once I have sold it?

[@cryptoforcanadians]

You'd have to sell the DOT for USDT and then XLM and then transfer to Newton at the time that you want to sell.

[@scion3454]

@@cryptoforcanadians Thanks for the reply! Is it safe to just leave my DOT investment on Binance for lets say 2 years+?

[@cryptoforcanadians]

@@scion3454 If you know what you're doing then it may be

[@scion3454]

@@cryptoforcanadians I was doing some research and realized I could transfer my coins to a ledger? Is it possible to transfer the DOT coins that I have on Binance to a ledger? And also is there a ledger that you would recommend specifically for DOT? Thanks!

[@cryptoforcanadians]

​@@scion3454 Ledger doesn't support DOT. Check out the SafePal wallet as they support it: kzbin.info/www/bejne/hZvIgn95m9Rqnqc

[@rvp88]

How long does it take to receive on newton? Binance withdrawal completed, not seeing funds on Newton. Thank you

[@cryptoforcanadians]

Depends on the coin

[@rvp88]

Thank, took about 10mins, great video!

[@cryptoforcanadians]

@@rvp88 Great to hear you got it!

[@XGMoney93]

You the real MVP 👍

[@cryptoforcanadians]

Thanks! I appreciate the kind words!

[@dbcooper7759]

Does this work for Canadian expats? Is it possible to transfer from Binance to Newton to my HSBC bank account in Hong Kong? Thanks for taking the time. Really appreciate it.

[@cryptoforcanadians]

If you already have a Newton account then I don’t see why it shouldn’t. If you don’t already have a Newton account, then it may not work as you need to have a Canadian phone number to register with them.

[@ravirajan5594]

I have my XLM in Binance but can't get the recipient address from Newton. Any help please?

[@cryptoforcanadians]

Not sure why you're having troubles...I can see XLM as an available option/coin to trade.

[@Ventixo]

Is binance necessary for this? Can I just exchange my coins to XLM elsewhere and then send to newton? Or would this cost more? Thanks

[@cryptoforcanadians]

You can send your XLM directly to Newton. Binance is not necessary. This is just if you want to cash out your coins that are already on Binance.

[@Ventixo]

@@cryptoforcanadians Thanks for the response! So just to be sure, this is because XLM is the cheapest option when withdrawing from Newton?

[@cryptoforcanadians]

@@Ventixo Yes

[@Ventixo]

@@cryptoforcanadians Thanks!!

[@cryptoforcanadians]

@@Ventixo My pleasure!

[@stavrostanious3425]

hey man, great video. Just wanted to ask...do you know if I'd be able to send my crypto from binance to Coinbase?

[@cryptoforcanadians]

Yes you can.

[@stavrostanious3425]

@@cryptoforcanadians one more thing, have u tried sending your crypto from binance to coinbase? according to coinbase the funds would be lost

[@cryptoforcanadians]

@@stavrostanious3425 You can send any coin to Coinbase. Them accepting and funding your account is a different story.

[@patrick_harder]

Can you send USDT from Binance to Newton to cash out? Or is it better to use XLM?

[@cryptoforcanadians]

Yes but it'll be expensive to do so. To answer your question, watch this: kzbin.info/www/bejne/Z5jPnaallq6LZrM

[@patrick_harder]

@@cryptoforcanadians Gotcha - so XLM to Newton for smaller transactions, or stablecoins to Paytrie for bigger transactions. Thanks so much!

[@cryptoforcanadians]

Yes

[@janthe6th]

Thanks! Just to confirm, if I have BTC in cold storage, it would transfer BTC to Biance, trade BTC to XLM, transfer XLM from Binance to Newton, trade XLM for CAD in Newton then withdraw CAD to bank ... right?

[@cryptoforcanadians]

Just transfer straight to Newton if it's on cold storage.

[@janthe6th]

@@cryptoforcanadians so if I transfer btc straight to newton then just sell directly to CAD no need XLM?

[@cryptoforcanadians]

@@janthe6th exactly

[@janthe6th]

@@cryptoforcanadians I'm back again...since kraken have much better spread than Newton, for Larger amounts, wouldn't it be better if I transfer btc/eth/whatever to kraken, sell for USDC, send USDC to newton (2.5 usdc fees), then sell USDC for CAD ?

[@cryptoforcanadians]

@@janthe6th it could be possible that it's cheaper that way. I haven't done the math on that.

[@patrick_harder]

If I have XRP on Binance and want to cash out, do I convert XRP to XLM then move it to Newton? Do you not recommend sending XRP directly from Binance to Newton?

[@cryptoforcanadians]

Just send the XRP to Newton to cash out

[@patrick_harder]

@@cryptoforcanadians thanks again!

[@cryptoforcanadians]

@@patrick_harder ​ My pleasure!

[@joshualeopardi4984]

For example, if I know a bunch of coins. Would I have to sell them all for USDT then buy stellar, send stellar to Newton then sell stellar to cad In Newton?

[@cryptoforcanadians]

Depends on the coin. Some coins you can directly use to buy XLM. BTC, ETH and BNB are the only coins I think.

[@user-jv3pv6en5e]

Do I have to start with money in Newton?

[@cryptoforcanadians]

No

[@user-jv3pv6en5e]

@@cryptoforcanadians I figured it out thanks. Just waiting for the transfer from Binance to Newton

[@cryptoforcanadians]

@@user-jv3pv6en5e Great!

[@olivianacinco]

This was so helpful, thank you so much!

[@cryptoforcanadians]

Glad it was helpful!

[@tigersjk2558]

Hello. Since Newton will ban all USDT service from Monday, can I convert VET into BTC on Binance, transfer those BTC to Newton, and cash out? Thank you.

[@cryptoforcanadians]

Yes you can but the withdraw fee on Binance for BTC is expensive. Watch this video on the cheapest way to cash out from Binance: kzbin.info/www/bejne/Z5jPnaallq6LZrM

[@tigersjk2558]

@@cryptoforcanadians Thank you for reply:)

[@cryptoforcanadians]

@@tigersjk2558 My pleasure!

[@leahjustinsvlogs3100]

Hi. Will this be declared as tax in Canada when I transferred to my bank account?

[@cryptoforcanadians]

You will need to claim any gains on your crypto on your income taxes.

[@leahjustinsvlogs3100]

but in newton, it won’t show any gain if I converted it right away to CAD? Is this right?

[@cryptoforcanadians]

@@leahjustinsvlogs3100 No, you'll need to keep records yourself

[@alihijazi5608]

what happen if I had in binance in BUSD and selected ETH in newton and completed the transfer?

[@cryptoforcanadians]

Sorry but Newton doesn't accept BUSD. You're best to contact them about that if you sent them BUSD.

[@pirategambling6971]

Was wondering if u can send bnb to newton

[@cryptoforcanadians]

No, don't do it. Don't send BNB or any coins on BSC to Newton as you'll lose them.

[@nnamdiezike5249]

When I paste address from Newton I get address format is wrong. Also what do I put in the network section?

[@cryptoforcanadians]

Not sure why that's the case. I tell you which network in the video.

[@isaaccolindres4095]

quick question. Does this method still work? and also will this method still work even after december 31st for people living in ontario?

[@cryptoforcanadians]

Yes this method still works, but watch this first though: kzbin.info/www/bejne/Z5jPnaallq6LZrM. I can't say if it will work next year.

[@astonndombelendombele7554]

Morning can I use the same procedure on virgocx to withdraw funds

[@cryptoforcanadians]

Yes but mind you with VirgoCX they have a 0.5% withdrawal fee.

[@astonndombelendombele7554]

@@cryptoforcanadians would you recommend newton

[@cryptoforcanadians]

@@astonndombelendombele7554 Newton or PayTrie: kzbin.info/www/bejne/Z5jPnaallq6LZrM

[@BenjaminBrossaud]

Hi, very nice video ! I still have some coins on a Binance wallet in Canada (ATOM, VET, XRP..). What would be the safest way to withdraw all this today ? Thank you

[@cryptoforcanadians]

You would withdraw those coins as is to an external wallet. If you'd like further support, check out www.cryptoforcanadians.ca/consultations. Hope that helps.

[@youtrippin5818]

Did you figure it out? Same problem here

[@cryptoforcanadians]

Again, you would need to withdraw your coins as they are, no other way.

[@rcorrea26]

Quick question , if you cash out from e-transfer, don’t you need report it to CRA vs going to the coin shack ?

[@cryptoforcanadians]

You should be reporting all gains to the CRA regardless.

[@jiraiya1231]

what if xlm tanks when you do the transfer to newton b4 you can sell the xlm on newton for cad?

[@cryptoforcanadians]

Then you'd be taking a hit on how much USDT you get. The opposite can happen as well keep in mind.

[@jiraiya1231]

@@cryptoforcanadians Any idea how much does it cost to withdraw on Newton the CAD obtained from Xlm sale to your bank i.e. Rbc or TD.

[@cryptoforcanadians]

@@jiraiya1231 Cash withdrawals are all free

[@jiraiya1231]

@@cryptoforcanadians sorry last question... thanks for the info. Do cash transfers happen same day or take a few days? Thx

[@cryptoforcanadians]

They're pretty much instant.

[@marsthablockparent706]

im new to crypto but i was wondering if coinberry allows you to buy cryto and sell it for CAD and ettansfer cash to my chq account?

[@cryptoforcanadians]

Yes they do. Newton's got better rates though.

[@sf-dc2dl]

How do you connect your bank account to Newton? Also, what are the best Canadian banks ( ease of use) for foriegners? thx

[@cryptoforcanadians]

Sorry to say but Newton's only for Canadians

[@papajayem26]

How long did you get your etransfer?

[@cryptoforcanadians]

When they're not having issues, instant. They've been having issues with e-transfers lately.

[@conqwiztadore2213]

Hypothetically speaking, can the CRA link this to crypto profits or just a casual e transfer from friend to friend? Hypothetically speaking of course

[@cryptoforcanadians]

Not sure.

[@7sage469]

if im trying to cash out eth on binance, should I first convert to XLM and then transfer to newton for the lower fees?

[@cryptoforcanadians]

Yes

[@chaumeinguy]

how long does it take for the money to go into XLM, I got confirm from Binance but haven't seen the money in XLM yet? THX

[@cryptoforcanadians]

Should be about 15 min

[@chaumeinguy]

@@cryptoforcanadians thanks 🙏🏼

[@cryptoforcanadians]

@@chaumeinguy My pleasure

[@95macdonald95]

Are you still able to use XLM to transfer coins from Binance to Newton? Trying to devise a plan to unload DOGE, haha. Also - is the transaction fee consistent at 0.0005 BTC (Binance) or does it vary depending on the amount you're transferring out? I was looking at just sending a small portion of BTC to my Newton wallet, but the transaction fee is 0.0005 (~$35 CAD). However - I would be willing to swallow that when transferring larger sums of coins if the fee is consistent.

[@cryptoforcanadians]

I've read that sometimes XLM withdrawals are suspended so you may want to check that you can send it off first before you do it. This is after I made the video and people kept doing this method.

[@MC-cv8sv]

How long does it take for a transfer to go through?

[@cryptoforcanadians]

Within 15 min

[@noname-zs6et]

Thanks for the info! Quick question, when we do move crypto from Binance to Newton, that transferring is considered as selling? I am wondering if I move my crypto from Binance to Newton, that amount could be taxable.

[@cryptoforcanadians]

Transfers are not dispositions so no taxable event happens.

[@noname-zs6et]

@@cryptoforcanadians Thanks! then how come add file to Koinly if I moved my funds from Binance to Paytrie? It seems like Koinly hasn't support Paytrie as a platform. Any suggestion?

[@cryptoforcanadians]

@@noname-zs6et Sorry I don't have any

[@rageejgaming2147]

can you use xrp into newton since xlm is suspended right now ???

[@cryptoforcanadians]

Yes XRP will work just as well.

[@maddenfootballtalk6544]

Ok, so I got dodge wanna get my funds back over to Newton but how 🤔 the network only gives me dodge network or BEP20 , not sure what to use 🤔

[@cryptoforcanadians]

Sell your coins for USDT and follow the video.

[@chamaragunarathna.9718]

When you got USDT - and that USDT after converted in to CAD ( not familiar with the method) then is it possible to transfer that exchanged CAD in to someone else bank account via binance? I mean CAD in to Canadian Bank account?

[@cryptoforcanadians]

Not via Binance. When you cash out that USDT to CAD, you could always just e-transfer that CAD to whoever.

[@chamaragunarathna.9718]

@@cryptoforcanadians thank you so much for your valuable support and prompt response towards my matter. Can I send an email to you with related to my query regarding CAD? I mean with more elobarated description? I'm truly Appreciative your time and support. Chamara from Sri Lanka.

[@cryptoforcanadians]

Sure. I’ll try to help you out if I can.

[@AKFinfiniti]

Can I use bitbuy instead of newton for the same usecase?

[@cryptoforcanadians]

Yes you can. Not sure why you'd want to do that though as it's more expensive.

[@sanndrajankowski9082]

Thank you for the video,I just did a transfer to Newton;How long does it take to receive the coin in my Newton account?

[@cryptoforcanadians]

Shouldn't take more than 15 min

[@Gobzonic]

Why my transaction is completed on binance and my XLM dont show on newton ??? I checked the adress twice and its good... ?

[@cryptoforcanadians]

It takes about 15 min (max) from my experience for the funds to show up on Newton.

[@Gobzonic]

@@cryptoforcanadians I got it after an hour. Probably due to high traffics thank you for the answer :)

[@cryptoforcanadians]

@@Gobzonic Glad to hear you got it! Yeah probably.