Title: Trading BTC for $$$ - In Canada? Post by: Husband on June 07, 2011, 05:01:07 PM Hello!
I'm a bit of a newb, so please excuse my newbish question... I have an account on https://www.bitcoinmarket.com and would like to start buying/selling BTC that I've mined on my new system. I'd like to pocket some of the profits though to recover some cost. What is the easiest way to get CAD $, or even USD into my bank account? Thanks! Title: Re: Trading BTC for $$$ - In Canada? Post by: FreeJAC on June 07, 2011, 05:04:15 PM I'd like to know the answer to this question as well. Dwolla doesn't support Canada yet. :(
There is this thread, http://forum.bitcoin.org/index.php?topic=10980.msg156785 that is the only think I know so far. Title: Re: Trading BTC for $$$ - In Canada? Post by: kelvie on June 07, 2011, 09:43:46 PM An awesome perk about being a Canadian is that you have access to banks that do Email Interac Transfer.
It's $1-2 per transfer up to $1000, and takes 30 minutes for the funds to process. Title: Re: Trading BTC for $$$ - In Canada? Post by: zer0 on June 08, 2011, 12:51:19 AM Easiest in Canada is to withdraw to liberty reserve then cash it out to CAD.
If you get an account with Royal Bank, you can open a free USD account in their USA branches. You can move the money from the US account to Canada effortlessly through online banking. To set it up you just need a $100 deposit http://www.rbcbankusa.com/specialtybanking/cid-96799.html When you apply for the account, don't tell them you are trading Bitcoin or anything. :) Not like they will refuse you, just they will try to get you into a Business account then you have to conform to stupid US laws of max $999/day and other problems. Best if the banks know as little as possible. You can also open a swissquote.ch account online and switch between any currency you want. Title: Re: Trading BTC for $$$ - In Canada? Post by: ethwit on June 08, 2011, 02:39:22 AM Second that. establish US$ RBC account, establish Dwolla account and you are all set to trade on MT Gox. Dwolla -> Mt Gox transfers take time though.
-ethwit |