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Author Topic: Best way to convert my bit coins into CAD money?  (Read 11236 times)
Zakcy
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April 13, 2012, 12:43:08 AM
 #1

Hi everyone!

I have a few bitcoins and wanted to try cashing out. Because of poor previous experiences with Paypal, I'm only avoid them.
I don't exactly have a plan though.

BTC (in wallet) -> BTC-E -> Liberty Reserve -> Huh -> Canadian Bank (President's Choice Financial)

I looked at ExchangeZone, but I don't really know how the trading process works. Is anyone alright with enlightening me?

Or should I change my method?
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zer0
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April 13, 2012, 01:06:22 AM
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canadianbitcoins.com
cavirtex.com
nanaimogold.com

or just trade for EMT transfer here from somebody with good trade history. you'll probably have to send first
EMT is fastest/cheapest way but prone to fraud so know who you're dealing with

if you convert it to LR USD you can cash through nanaimogold.com and http://wmbroker.ca/
wmbroker doesn't advertise they do LR and other currencies but if you email or phone them they do, just can't put it on the same page as per stupid webmoney rules
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April 13, 2012, 01:25:03 AM
 #3

Never knew about nainaimogold..     pricey... :O

But nice to know..

For Canadians by Canadians: Canada's Bitcoin Community - https://www.coinforum.ca/
Stephen Gornick
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April 13, 2012, 01:48:15 AM
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canadianbitcoins.com
cavirtex.com
nanaimogold.com

There's a market exchange at Bitcoin-Central as well, but it appears to have low liquidity.  For a patient seller that sometimes means that a better price to sell at can be obtained.  I'm not sure the reason currently there are so few sell orders there though, so maybe start with a small amount sent to the exchange to gain experience on whether a trade is found and also that the sale and withdrawal goes smoothly.
 - http://www.bitcoin-central.net
 - https://bitcoin-central.net/order_book?utf8=%E2%9C%93&currency=CAD

 - https://en.bitcoin.it/wiki/Selling_bitcoins

zer0
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April 13, 2012, 06:37:21 AM
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canadianbitcoins.com
cavirtex.com
nanaimogold.com

There's a market exchange at Bitcoin-Central as well, but it appears to have low liquidity.  For a patient seller that sometimes means that a better price to sell at can be obtained.  I'm not sure the reason currently there are so few sell orders there though, so maybe start with a small amount sent to the exchange to gain experience on whether a trade is found and also that the sale and withdrawal goes smoothly.
 - http://www.bitcoin-central.net
 - https://bitcoin-central.net/order_book?utf8=%E2%9C%93&currency=CAD

 - https://en.bitcoin.it/wiki/Selling_bitcoins

Didn't know bitcoin-central did EMTs and cash CIBC deposits
They're crazy for accepting EMT deposits, canadianbitcoins just had their EMT accepting account frozen due to fraud and they had tiny limits yet fraudsters still found ways around it. Should drop that and just do EMT withdraw
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April 13, 2012, 04:18:07 PM
 #6

btc -> spendbitcoins -> paypal -> bank account
works great for small amounts.

It is pitch black. You are likely to be eaten by a grue.

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Jeremy West spendbitcoins.com
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April 20, 2012, 10:41:56 AM
 #7

btc -> spendbitcoins -> paypal -> bank account
works great for small amounts.

Or for larger amounts we do worldwide bank wires. http://spendbitcoins.com/convert

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