How to Sell Bitcoin in Canada for Fiat

People who know a lot about Bitcoin already and own some of them often seek ways for how to sell Bitcoins. And the best answer to this question is to sell any crypto, including BTC, on a reputable online exchange with a variety of options. So, if you are determined to learn how to sell Bitcoin in Canada, try CEX.IO.

The exchange is one of the leaders in the sphere. With over 4 years of experience in providing its services to users, we understand users’ major concerns and are ready to offer solutions. On CEX.IO, users can quickly sell their BTC for fiat and later withdraw the received funds to their cards or bank accounts. We support American Dollars, Euros, and British Pounds, so you will be able to choose the currency that fits you best.

Sell Bitcoin for USD with Ease

It is easy to sell Bitcoin in Canada using CEX.IO, even if you have no prior experience with crypto purchases. The purchase will be completed with minimum effort. This is due to the newcomer-friendly interface of the exchange. In the Trade section, you will find opportunities to create a market or limit order to sell Bitcoin for USD.

Market and Limit Orders to Sell BTC

With CEX.IO, you can sell or buy Bitcoins in two ways. These are market and limit orders. By simply placing an order to sell Bitcoins, you will be able to get USD, EUR, or GBP. Let’s now clarify the difference between the two options.

• Placing a market order will allow you to get the deal completed under the most favorable current conditions. The price will be calculated based on the orders available in the order book. For example, you would like to sell 2 Bitcoins and there are two users ready to buy 1 Bitcoin each at, let’s say, $8,000 and $8,500. This means that two of the orders will be used, and you will receive $16,500 minus fees for your BTC. With this, the market order allows you to sell Bitcoins instantly.
• A limit order, in contrast, is designed for the user to make a transfer under specific conditions. For example, the price per one BTC is currently $8,000, but you expect it to grow and would like to sell only for $10,000. In this case, you place a limit order for 1 BTC and set the price at $10,000. Then, if the price rises as you predicted, your order will be automatically executed.

With these two variants, you can choose what fits your situation best to achieve the desired results.

Sell BTC for Cash? Or Choose an Alternative?

While Bitcoin is a digital currency and does not have much to do with paper money, many people owning it still look for ways to sell BTC for cash. To exchange your BTC for cash, you can take cash from someone who would like to have some BTC. However, this may be risky unless you trust that person completely. In Canada, you can also try to use Bitcoin ATMs to receive cash by converting your BTC. However, such ATMs are located in specific places only, and it is not always convenient to use them.

In this situation, the CEX.IO online exchange would come in handy. On the platform, users will always have access to their accounts and will be able to sell Bitcoin in Canada at any time and from any location. CEX.IO makes it easier for customers to receive fiat for their BTC. Later, users will be able to withdraw the fiat funds from their account and get the cash they wanted. With CEX.IO, the whole process is easy, fast, and reliable.

Choose a Trusted Exchange For Bitcoin-related Operations

The CEX.IO platform was launched in 2013, and since then has won the trust of many customers. It provides an easy-to-use and reliable platform to sell Bitcoins in Canada. With over 4 years of experience in delivering its service to users worldwide, we have more than 2,000,000 users.

Be sure to try the services delivered by CEX.IO to sell BTC and have the best available experience with cryptocurrency trading.