
When I first set up my Coinbase account, I ended up just going in a loop of Reddit, Coinbase help, and Google searches trying to figure out how to fund my Coinbase account so I could buy some Bitcoin.
If you are Canadian you will need to use a Canadian crypto exchange like Shakepay or Newton to send money from your bank to a crypto exchange.
Interac e-Transfer is the easiest, fastest, lowest fee way for most people.
Now, once you have converted your $ CAD to crypto on a Canadian cryptocurrency exchange — you can send your crypto to Coinbase.
You will be able to stake, trade it for altcoins, and use Coinbase Advanced if you are a trader.
To cash out your Coinbase account, you will then need to send crypto from Coinbae to a Canadian exchange (Shakepay or Newton).
Convert it to Canadian dollars, and deposit it into your bank account via eTransfer or Wire Transfer.
I think the confusion for us Canadians is around the term ‘Debit card’.
To some American banks and Coinbase — a debit card is a different thing than an eTranfser. Even though in Canada an Interac eTransfer is a debit card. Now that I have researched this more — I still don’t understand it.
But, I do know that I can send crypto to Coinbase to trade.
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HowToBuyBitcoin101.com is basic how to crypto guides, reviews and information for beginners to get started with cryptocurrency in Canada. NOT investment advice. Investing in cryptocurrency is risky. Do your own research.
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