How to Cash Out of Bitget in Canada 🇨🇦 (Step-by-Step Tutorial)

[@cryptoforcanadians]

Save 20% on your trading fees on Bitget: partner.bitget.com/bg/l87j35641689827277614

[@se6661]

Hi, useful clear videos, thanks. How about Newton exchange for cashing out instead of NDAX? why you didn't use that? thanks

[@cryptoforcanadians]

NDAX's prices are cheaper. Newton's only more economical if you're cashing out less than $100 worth of crypto. This is because of NDAX's $1.5 cash withdrawal fee but can be made up with better prices.

[@eejhkfdd1784]

If buying coins on Coinbase is cheaper than Newton, What are the withdrawal fees to Bitget for both platforms? Or which way is the cheapest overall via e-transfer to fund and then withdraw to another wallet? Thank you.

[@cryptoforcanadians]

I'm not sure what Coinbase's withdrawal fees are on their coins as it's dynamic I believe. As for Newton, the first $5 in miner fee is covered which will be majority of the time. Not sure what you mean. What exactly are you trying to do?

[@SaintAriyel]

Random question. What do you think is the best option if I have crypto on a cold wallet, but want to to trade it for another crypto, then transfer it back to cold wallet? I can use most of the platforms you mention for canadians. My guess is Newton or Shakepay, but interested in your opinion. Thanks!

[@cryptoforcanadians]

Bitget's withdrawal fees are reasonable so I'd probably send the coins there and swap it and send back to your cold storage wallet. That said, if you're interested in Bitget, here's a link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. Hope that helps!

[@SaintAriyel]

@@cryptoforcanadians Ok thanks for the answer! I will use your link.

[@cryptoforcanadians]

My pleasure!

[@nofluffagain]

Is this better than coinbase now? Or just for the specific case of having USDT on BitGet and wanting to get to CAD fiat?

[@cryptoforcanadians]

Yes NDAX is better than Coinbase to cash out USDC. I made a mistake before. I realized after making that video about USDC that Coinbase charges a 1% cash withdrawal fee.

[@Christopher.Capital]

I've been looking into which exchange(s) I may wanna use this weekend, and have wondered, maybe it would be easier and cheaper to have a $USD bank account from which i could fund/withdraw money with chosen exchange?

[@cryptoforcanadians]

Sending and receiving USD in Canada has their own set of fees and complications. You're best to stick with CAD in my opinion.

[@Christopher.Capital]

@@cryptoforcanadians I haven't done the math yet, but I know people who use Wise for their currency conversions, or holding multiple currencies, instead of dealing with a bank acct. It looks like it may be a good alternative way to go. Send CAD to your Wise acct. and convert into USD at spot conversion, just pay a small fee... And then send that USD to crypto exchange of choice. Not sure about any other fees, or if it'll even work yet, but looks like something that may be a good way to go

[@cryptoforcanadians]

Would the fee be less than 0.6% because that's how much it costs roughly to fund Bitget in Canada.

[@Larysa-m8j]

Hi, what can you tell us about Bull Bitcoin? Is it suitable for Canadians compared to NDAX and others?

[@cryptoforcanadians]

I personally don't use them because I find them to be expensive and there are cheaper ways to buy BTC in Canada. I assume that you're looking at buying and withdrawing the BTC upon purchase because you're interested in them. That said, you're best to go with either Newton or Shakepay if you plan on withdrawing somewhat frequently. Check out www.cryptoforcanadians.ca/buying-crypto to see how they compare. Hope that helps!

[@kiindunil]

Hi , can we transfer coins like xrp, btc, gala to wealth simple and just sell it there

[@cryptoforcanadians]

Yeah you can but why would you? Their fees are like 2% versus NDAX at 0.2%?

[@kiindunil]

@ ok thanks.. the process seems so complicated but yeah if the fees are that low I should

[@cryptoforcanadians]

@kiindunil another thing to consider is the withdrawal fee on each coin. It’s better to consolidate into USDC and withdraw that for free (right now anyways) than pay the individual withdrawal fee on your coins you plan on cashing out anyways.

[@kiindunil]

@ thanks so much. That makes sense. I was using coinbase and wealth simple to withdraw money coz it was way too easier and faster. But i have some coins in my trust wallet eventually need to be cashed out after bull run and I am glad i saw your video ❤️

[@cryptoforcanadians]

I'm glad I made the video!

[@OGwhale]

Nice video. So why not just trade on NDAX? Are the fees more or something?

[@cryptoforcanadians]

If you’re actively trading, Bitget’s got tighter spreads and lower fees which will save you money in the long run. That said, check out this video about why Bitget is the best exchange to trade on in Canada. kzbin.info/www/bejne/h3enkpeFe6mGg7s That said if you’re interested in using them, use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614 Hope that helps.

[@OGwhale]

@CryptoforCanadians oh yea I see it's a 0.2% fee. Ty. I will use your code when I sign up.

[@cryptoforcanadians]

@OGwhale yeah that’s right in the long run you’ll definitely save money with Bitget.

[@adam-oz1jo]

so to fund bitget you use coinbase and buy usdc then transfer to bitget and convert to usdt,, then to withdraw you transfer usdt to ndax and convert to usdc again.. am i getting that right?

[@cryptoforcanadians]

Yes that’s correct.

[@jassivinny5404]

Bro i need your help ndax when i try to do verification process and when it comes to income i try to click on annual income but it doesn’t let me type or select anything or is there any other exchange i can use instead of ndax

[@cryptoforcanadians]

Here are some ideas. Try restarting your device or use another device entirely before trying to do the verification again. You also may want to contact Ndax's support and ask them about that. I'm not sure why you're having that issue. It would seem like it's more of device issue than an issue with Ndax in my opinion. Yes there is but it's more expensive, you okay with that?

[@gabegenio849]

Which exchange is cheaper to fund to Bitget? And How much would it be to withdraw from Bitget to Newton to my bank?

[@cryptoforcanadians]

Coinbase would be the best to fund Bitget. Check out this video on funding Bitget in Canada: kzbin.info/www/bejne/p6fYfmOYfMh_oK8. If you're going with Newton, you would want to withdraw via polygon. Once you receive the USDC, then sell it for CAD and then cash it out. The process is the same but with different steps. Hope that helps.

[@gabegenio849]

@@cryptoforcanadians which ever is the cheapest way I'll go for it

[@gabegenio849]

@@cryptoforcanadians Do you have a Spread sheet with all the Fees? From your videos?

[@cryptoforcanadians]

No I don't have a spreadsheet on all the fees.

[@ikust007]

2:45 didn’t use Tron ? Why ?

[@cryptoforcanadians]

NDAX doesn’t accept USDC on TRON

[@arturrutra7838]

Verry helpfull video. Thanks

[@cryptoforcanadians]

Thanks! I appreciate the positive feedback!

[@Christopher.Capital]

Keep in mind, that converting USDC into CAD on NDAX will cost ~1.5%, compared to the actual USD/CAD conversion rate at the time you do it... Something to consider. May be better options out there for some...

[@cryptoforcanadians]

Yes I've already taken the spread into consideration but where are you getting the 1.5%? Right now their USDC is ABOVE market value. 1 USD is 1.3702 CAD but on NDAX 1 USDC is 1.3730 CAD. The only fee is the 0.2% because their spread is essentially at market value on USDC. Trust me, there aren't better options there.

[@Christopher.Capital]

@@cryptoforcanadians Dang, your right, my bad... Lol, my mind had it upside down, on top of the fact I was only looking at the price of the candle on the NDAX chart, not the level 2 data. On the candle chart it's been showing over 1.38 every time I check last few hrs. Then I was looking at the candle chart on my TradingView USDCAD pair and comparing to that, which has been close to 1.37 last few hrs... When I did that math, the NDAX chart was showing closer to 1.39. Either way I was not looking at the sell Bid on level 2 data, and was thinking upsde down Lol. So yeah, that's not bad at all! TY for correcting me on that.

[@cryptoforcanadians]

@@Christopher.Capital No worries. I'm here to show the crypto way for Canadians lol

[@Justinkelsch]

​@@cryptoforcanadians dude your a goat, getting into arbitrage and this is the sauce

[@cryptoforcanadians]

Thanks I appreciate the positive feedback!

[@Aceboogz100]

Are Canadians allowed to margin trade on BitGet though?

[@cryptoforcanadians]

Yes Canadians can use Bitget. To learn more about Bitget in Canada, check out www.cryptoforcanadians.ca/trading-crypto

[@ikust007]

Isn’t easier (less fee) to go through XLM?

[@cryptoforcanadians]

USDC is safer. For 0.29 USDC, I’d rather send on that and not need to worry about XLM’s volatility.

[@ikust007]

@@cryptoforcanadians agree

[@ikust007]

@@cryptoforcanadians would prefer XMR by far …;)

[@cryptoforcanadians]

Yeah but too bad no Canadian crypto exchange supports XMR.

[@ikust007]

@@cryptoforcanadians true :(

[@komodo_04]

is there a limit of how much CAD$ you can withdraw from NDAX in a day?

[@cryptoforcanadians]

That depends on the option you select. E-transfer is 3K, there's none for EFT.

[@komodo_04]

@@cryptoforcanadians You're very helpful as always. Thank you.

[@cryptoforcanadians]

My pleasure!

[@cryptoforcanadians]

You're best to contact NDAX support about that.

[@babyluxii]

how long does it take to get into my account after withdrawal?

[@cryptoforcanadians]

From where?

[@kierii9422]

Is this cheaper than cashing out from paytrie?

[@cryptoforcanadians]

Yes it is. There are cheaper ways to both buy and sell USDC than from PayTrie.

[@TheGTVNetwork]

i just wanna put this money in my cibc account why does it have to be so confusing

[@cryptoforcanadians]

That’s how the crypto scene is in Canada unfortunately.

[@TheGTVNetwork]

@@cryptoforcanadians followed all your steps and still didn’t work wouldn’t even let me choose some 🤷🏿‍♂️ I guess it’s money lost

[@cryptoforcanadians]

@TheGTVNetwork wouldn’t even let you choose what?

[@waynedickens-i3r]

the whole videoi is grat one problems what is an authenticator code ?????????? how do you get it ??????????????? wayne

[@cryptoforcanadians]

You need to set that up first with something like Google Authenticator or Authy. That’s also known as 2FA.

[@hakku332]

Is it legall to sell usdc in Canada ?

[@cryptoforcanadians]

Yeah of course. It is 100% legal to sell USDC in Canada.

[@hakku332]

If I cash out usdc into cad equivalent to 5000 cad through ndex Does bank accept that or they flagged on transaction

[@cryptoforcanadians]

@hakku332 no they wouldn’t. FINTRAC minimum is 10K every 24 hours.

[@hakku332]

If they want source of fund then ? I m new in Canada so I have been doing trading back ho so starting here

[@cryptoforcanadians]

@hakku332 I’m not sure then. You’re best to confirm with NDAX about your situation.

[@t-birdmr.t7980]

How does this work If you do over $10k?? Are you automatically labelled a terrorist and your account closed?

[@cryptoforcanadians]

I can’t answer that as I don’t have any experience with cashing out that much in a single go. If I were to cash out more than $10K, I would do 9K/24 hours until I’ve cashed it all out just to not flag anything.

[@t-birdmr.t7980]

@@cryptoforcanadians could take a whole year and looks fishy for no reason.

[@cryptoforcanadians]

@t-birdmr.t7980 then perhaps OTC is your best bet.

[@randyorton8398]

not available in Alberta

[@cryptoforcanadians]

You’re right they’re not available in Alberta. That said, I have seen people bypass the ID part with a VPN and using a passport. Do that at your own risk. Alternatively, there’s another exchange that doesn’t require any ID that’s available across Canada called Bitunix. If you’d like to learn more about them check out this video I made on them: kzbin.info/www/bejne/jYCZkGOHppmSg7M If you’d like to save 25% on your trade fees with them here’s a link: www.bitunix.com/register?vipCode=cryptoforcanadians Hope that helps!

[@anishshah4540]

Thank u sir

[@cryptoforcanadians]

For sure!

[@mikek9060]

Can't figure out why I keep losing money on bitget. I buy a new coin, it goes up 200%. I sell it. I lose money. What am I doing wrong?

[@cryptoforcanadians]

I don't know why either. Is this on futures? Do you have screen shots of your entries and exits that you can share?

[@kevinjohnson4890]

What about p2p

[@cryptoforcanadians]

Risky and inconsistent

[@TopFindsReviews]

ayy lets go

[@cryptoforcanadians]

Glad the video helped you out!

[@TopFindsReviews]

@@cryptoforcanadians have you triedd cashing out with coinbase? or is it more expensive

[@cryptoforcanadians]

I haven't made a video on that. Coinbase charges 1% to cash out which is expensive. Going through Ndax is the cheapest way to cash out crypto in Canada.