Sell Bitcoin in Canada (2026)

Status: Legal
Pays out in: Canadian dollar (CAD)
Exchanges paying out: 6 of 7
Last reviewed: 2026-08-23

6 of the 7 exchanges we recommend in Canada pay out in CAD: Kraken, Bitbuy, NDAX, Shakepay, Newton and Netcoins. The rails are EFT bank transfer, Interac e-Transfer, SWIFT transfer, Direct bank deposit (EFT), Wire transfer, EFT (direct bank deposit) and Bank wire. The order below is the same ranking the buying guide uses; an exchange that appears there and not here publishes no CAD payout rail we could verify.

Where to sell and how the money comes out

Each recommended exchange that pays out in Canada, the rails it pays out on, and the fee and speed it publishes for each.
Exchange	Withdraw to	Fee	Speed	Note
Kraken#1 in the buying guide	EFT bank transfer	0.35% of the withdrawal, 50 CAD minimum	2 to 5 business days	Through the POSCONNECT funding provider.
	Interac e-Transfer	10 CAD per withdrawal, 15 CAD minimum	0 to 1 business days or instant
	SWIFT transfer	13 CAD per withdrawal, 100 CAD minimum	1 to 5 business days	Listed as worldwide, through Bank Frick. Kraken lists this rail for CAD payouts rather than for Canada by name.
Bitbuy#2 in the buying guide	Interac e-Transfer	0% withdrawal fee	Within 24 hours	One e-Transfer withdrawal per 24 hours, minimum $20 and maximum $2,000 CAD per request. Bitbuy lists this rail for CAD payouts rather than for Canada by name.
	Direct bank deposit (EFT)	1.5%	0 to 3 business days	Minimum $20 and maximum $100,000 CAD per request, to a bank account you have linked. Bitbuy lists this rail for CAD payouts rather than for Canada by name.
	Wire transfer	1.5%	0 to 2 business days	Minimum $10,000 CAD, maximum unlimited. Bitbuy lists this rail for CAD payouts rather than for Canada by name.
NDAX#3 in the buying guide	Interac e-Transfer	CAD 1.50 per withdrawal, deducted from the amount	Typically sent within 0 to 30 minutes of being submitted	Maximum 10,000 CAD per transaction and per rolling 24 hours; larger amounts must go by EFT. NDAX lists this rail for CAD payouts rather than for Canada by name.
NDAX#3 in the buying guide	EFT (direct bank deposit)	CAD 4.99 per withdrawal	Typically within one business day once processed, depending on the financial institution's hours	Processed twice a day on business days, cut-off 8:00 AM and 4:00 PM EST; no withdrawal limit. NDAX lists this rail for CAD payouts rather than for Canada by name.
Shakepay#4 in the buying guide	Interac e-Transfer	Free	Funds available in minutes	Minimum $5 and maximum $10,000 per transfer, several transfers a day allowed. Shakepay lists this rail for CAD payouts rather than for Canada by name.
Shakepay#4 in the buying guide	Wire transfer	Free from Shakepay, though some banks charge for receiving a wire transfer	1 to 2 working days	Minimum $10,000 per wire cashout with no maximum, fully verified accounts only.
Newton#6 in the buying guide	Interac e-Transfer	Not recorded	Email to accept the request within 2 hours	A pending e-transfer must be completed before another can be requested. Newton lists this rail for CAD payouts rather than for Canada by name.
Newton#6 in the buying guide	Direct bank deposit (EFT)	Not recorded	Posted to your bank account within 1 business day	Newton lists this rail for CAD payouts rather than for Canada by name.
Netcoins#7 in the buying guide	Interac e-Transfer	Not recorded	Not recorded	CAD balances only, for users residing in Canada with a Canadian bank account; minimum 10 CAD, and for most accounts 5 withdrawals and 30,000 CAD a day, sent to the registered Netcoins email address.
Netcoins#7 in the buying guide	Bank wire	Not recorded	Not recorded	The destination bank account currency must match the currency being withdrawn; required for Interac withdrawals totalling over 30,000 CAD in 24 hours. Netcoins lists this rail for CAD payouts rather than for Canada by name.

"Not recorded" means the exchange's page we read carries no figure for that cell; the fee on the sale itself is separate and is on each review.

The payout rails in Canada

EFT bank transfer

Paid out by Kraken, Bitbuy, NDAX, Newton.

A local bank transfer moves money between two accounts inside a single country's own payment system, with no correspondent bank and no currency conversion. The scheme is national and different everywhere: SEPA credit transfers and SEPA Instant in the euro area, FedNow and ACH in the United States, Pix in Brazil. The BIS counts fast payment systems live in more than 100 jurisdictions, and the FedNow Service, operated by the Federal Reserve since July 2023, runs a 24 hour business day every day including weekends and holidays. For someone funding an exchange in their own currency this is normally the cheapest option.

The rail itself: Instant rails settle in seconds, and the ECB requires euro instant credit transfers to reach the payee within ten seconds, 24 hours a day, 365 days a year, while older batch transfers still take one or two business days.

More about Local bank transfer

Interac e-Transfer

Paid out by Kraken, Bitbuy, NDAX, Shakepay, Newton, Netcoins.

Interac e-Transfer is Canada's standard way to move money between bank accounts, run by Interac Corp. and offered inside the online and mobile banking of more than 250 participating Canadian financial institutions. You send Canadian dollars to an email address or mobile number instead of an account number, and the recipient either accepts the transfer or has it land automatically with Autodeposit switched on. Because no account details change hands, it is the everyday way Canadians pay each other and fund accounts online.

The rail itself: The recipient typically sees the money within minutes or even seconds of accepting it, though routine fraud checks can add delay.

More about Interac e-Transfer Buying with Interac e-Transfer in Canada

SWIFT transfer

Paid out by Kraken, Bitbuy, Shakepay, Netcoins.

A wire transfer is a bank to bank push payment sent over a high value settlement system, Fedwire in the United States and its equivalents elsewhere, routed through correspondent banks when it crosses a border. There is no chargeback: once the sending bank releases it the payment is effectively final, which is why exchanges accept wires for large deposits. A cross border wire can pass through one or more intermediary banks, each able to deduct its own charge before the money arrives.

The rail itself: A domestic wire clears the same business day, with Fedwire open from 9pm eastern the previous calendar day until 7pm eastern and closed on weekends and Federal Reserve holidays, while a cross border wire can take several business days.

More about Wire transfer Buying with SWIFT transfer in Canada

How a sale settles

Sell on Kraken, or any exchange in the table
Kraken ranks first in the Canada buying guide and pays out on EFT bank transfer and Interac e-Transfer and SWIFT transfer.
Withdraw CAD to EFT bank transfer
Kraken publishes 0.35% of the withdrawal, 50 CAD minimum for this rail.
Wait for the rail to clear
Kraken states 2 to 5 business days for EFT bank transfer.

Frequently asked questions

Which exchanges let me cash out bitcoin to a bank in Canada?

How long does a withdrawal take in Canada?

It depends on the exchange and the rail. Kraken on EFT bank transfer: 2 to 5 business days; Kraken on Interac e-Transfer: 0 to 1 business days or instant; Kraken on SWIFT transfer: 1 to 5 business days. Each figure is the exchange's own, read from the page linked under sources.

What does it cost to withdraw CAD after selling?

Kraken on EFT bank transfer: 0.35% of the withdrawal, 50 CAD minimum; Kraken on Interac e-Transfer: 10 CAD per withdrawal, 15 CAD minimum; Kraken on SWIFT transfer: 13 CAD per withdrawal, 100 CAD minimum. The trading fee on the sale itself is separate and is on each exchange's review.

Is selling bitcoin legal in Canada?

Bitcoin is legal in Canada and the exchange market is tightly regulated. Platforms serving Canadians must register under the Canadian Securities Administrators' framework, and the tier varies: Bitbuy, through Coinsquare Capital Markets Ltd., and Shakepay are registered Investment Dealers and members of CIRO, while Coinbase has held a restricted dealer registration since April 2024 and Kraken since April 2025, each with the Ontario Securities Commission as principal regulator. Quebec adds a layer: the Autorite des marches financiers keeps its own register, and every platform we list appears on it. Exchanges must also register with FINTRAC as money services businesses.

Do I pay tax when I sell bitcoin in Canada?

Capital gain, half taxable, or business income if you trade like a business. The full position, rates and the reporting duty are on the Canada bitcoin tax guide.

Sources

Buying is the other direction: how to buy bitcoin in Canada covers the same exchanges with their deposit rails, fees and KYC. What you owe on the sale is a third question: Bitcoin Tax in Canada (2026).

Selling bitcoin elsewhere in North America

74 more countries outside North America have a sell guide; each is linked from its own buying guide.