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Author Topic: Anyone from CANADA successfully converted BTC into physical cash?  (Read 1357 times)
Fuzzy
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June 02, 2011, 08:13:25 AM
 #1

I'm trying to figure out how to turn my BTC into physical cash, and want to know if anyone from Canada has been able to do so, and what institutions they used.

So far I have my first BTC at Mt Gox, and an account at Libery Reserve, but I'm stuck as to how to get the funds into my own bank account.

Any suggestions?
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Meni Rosenfeld
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June 02, 2011, 08:30:06 AM
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Currently, the easiest way for you will be to post here how much you'd like to sell and at what price, and be paid with PayPal. I might do it for the right price.

You'll be expected to send first, so only deal with someone with a reputation.

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Fuzzy
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June 02, 2011, 09:12:36 AM
 #3

be paid with PayPal.

Doesn't paypal have a high risk of charge backs and account freezes? They've been getting a lot of bad press lately for withholding funds, and placing the burden of fraud on the seller.
Meni Rosenfeld
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June 02, 2011, 09:29:55 AM
 #4

be paid with PayPal.

Doesn't paypal have a high risk of charge backs and account freezes? They've been getting a lot of bad press lately for withholding funds, and placing the burden of fraud on the seller.
Chargebacks - yes, that's why you should be trading with someone trusted.
Freezes - also yes, but as long as you don't specify that the payment is for bitcoins, I don't think they really have a way to know (I mean, maybe they can if they try hard enough. I do use my real name here on the forum...)

Anyway, you may also want to take a look at https://www.bitcoin2cc.com/ .

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Fuzzy
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June 02, 2011, 05:01:03 PM
 #5

I am currently looking at Getemoney.com, though the fact that it is untrusted by FireFox is unsettling.
It has COMODO, but I have no clue how reassuring that's supposed to be.

Are there no Canadians here exchanging BTC for CND?
torbank
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June 02, 2011, 05:11:37 PM
 #6

E-mail money transfer via internet banking with the major banks.
grdryn
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June 02, 2011, 06:58:05 PM
 #7

As Meni Rosenfeld said, the easiest way is probably to say here how many btc you want to sell and and at what price. If the price is decent, I might be able to help you out with a bank transfer or something Wink
Tim Moen
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June 02, 2011, 08:14:03 PM
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I'm a Canadian looking to buy.  I'd prefer to use a email money transfer as opposed to wires and Mt Gox.  Let me know if you're a Canadian interested in selling to me, I don't think I can email money outside this tax farm (country). 

Cheers,
Tim
tim.moen@mac.com
SicKk
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June 02, 2011, 08:29:05 PM
 #9

hey guys,

do you know http://www.paxum.com? that's a canadian company. it would be nice to see Mtgox take it as a withdraw option and not only as a deposit option.

btw alot of webmaster programs are paying via Paxum.

I'm using it btw Grin
warweed
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June 02, 2011, 08:58:06 PM
 #10

Yes Mtgox to liberty reserve the. I use getemoney talk with Dennis over there and go thrifts verification steps. He is one of the better ones they are currently upgrading there sell function on the site so there is a manual Dennis is a good guy and I have personally moved about 35 thousand thru him Smiley

Pm if you want more info
 I'm in Edmonton and also buy btc 1:1 if you want as well as sell
Frozenlock
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June 02, 2011, 09:35:11 PM
 #11

Simply sell to me!  Grin

I pay with e-mail interac!

Simply PM me or come to #bitcoin-cad.
Carandiru
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June 02, 2011, 11:49:36 PM
 #12

I'm canadian and this is how I do it:
Mt.Gox - Transfer my bitcoins here and sell them
Liberty Reserve - Where my USD from Mt.Gox goes
https://xchanger.org/ - Change Liberty Reserve into AlertPay
AlertPay - From here it goes directly into my checking account !

I'm making money !!!

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warweed
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June 03, 2011, 08:09:42 PM
 #13

I also buy and sell local to Edmonton
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