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How to cash out Bitcoin in Canada?
Rounding it up
There are four primary options for cashing out Bitcoin in Canada: exchanges, brokers, Bitcoin ATMs, and peer-to-peer marketplaces.
Every method of cashing out Bitcoin has its own advantages and disadvantages.
Exchanges and brokers are the most popular option for converting crypto, though fees can vary widely from platform to platform.
A Bitcoin ATM is a convenient option for getting physical cash after selling your Bitcoin, but be prepared to spend a lot in fees.
Peer-to-peer marketplaces let you set the terms of your Bitcoin sale; however, they come with additional financial and legal risks.
Gaby Pilson
Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.
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