Sell Bitcoin for Interac e-Transfer
Send BTC from a wallet you own or an exchange account in your own name. We pay out to your bank on a single confirmation. Identity verification is required once, on your first transaction.
Sell Bitcoin online quickly and easily, receiving an Interac e-Transfer for your Bitcoin! Payouts on single confirmation!
You can now sell your Bitcoin (BTC) here online and receive an Interac e-transfer directly to your bank account.
Interac e-Transfer is a fast, secure and convenient way to send money to anyone in Canada using online banking - receive directly into your bank! The participating bank or credit union transfers the funds using established and secure banking procedures. Transfers are almost instant, and nearly all Canadian banks and credit unions offer Interac e-Transfer, there are over 250 participating financial institutions.
For Interac e-Transfer transactions, we'll need to do a quick ID verification. This verification is done easily and rapidly directly on your cellphone and includes your address, email, mobile number, ID, occupation and a selfie. The verification process typically takes less than a minute and is only required on your first transaction with us. Your privacy in the verification process is very important to us and the protection of this information is outlined in our Privacy Policy. the eTransfer is sent immediately on one confirmation of your Bitcoin transaction.
Transaction fees and rates are always quoted to the seller prior to finalizing sales. You can view our fees and rates on the fees page of website. All verification is done before the Bitcoin address is provided, so we never withhold your Money.
Buying instead?
Buy Bitcoin with Interac e-Transfer, from your own bank account, sent the moment your deposit lands. Larger orders: wire transfer. Cash: find a Bitcoin ATM.
Selling Bitcoin for Interac e-Transfer: common questions
Can I sell Bitcoin for Interac e-Transfer in Canada?
Yes. Enter the amount of Bitcoin you want to sell and your mobile number, verify your identity once, send the BTC from a wallet you own or an exchange account in your own name to the address shown, and Bitcoin4U sends an Interac e-Transfer to your bank account after one network confirmation.
How fast is the payout when I sell Bitcoin?
The e-Transfer is sent on a single confirmation of your Bitcoin transaction, which usually arrives 10 to 20 minutes after you send the coins, and most banks deposit an e-Transfer within minutes of that.
Can I get paid by wire transfer or in cash?
No. Sales are paid out by Interac e-Transfer only. Wire transfer is a way to buy cryptocurrency ($25,000 or more), and Bitcoin4U ATMs are for buying, not selling.
What are the fees for selling Bitcoin?
The rate and the fee are quoted before you confirm the sale, and the price is locked at that moment. Current sell rates are on the fees page.
Do I need to verify my identity to sell Bitcoin?
Yes, once. Verification is done on your phone with your address, email, mobile number, occupation, a government-issued ID and a selfie, and typically takes under a minute. It is required of a FINTRAC-registered money services business, and all of it happens before you send any Bitcoin.