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Cashing Out USDT in Canada 🇨🇦
Рет қаралды 15,049
Жыл бұрынCashing out USDT in Canada can be a bit tricky these days especially since no Canadian crypto platform supports it. This video should give you a better idea of the process of cashing out USDT in Canada. You should be able to turn your USDT into Canadian dollars.
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@cryptoforcanadians Жыл бұрын
Get $25 after buying or selling $100 worth of crypto on Newton: web.tradenewton.com/r/KDKZDD PayTrie: paytrie.com/?ref=l-I6nAkVS
@vondooooom6249 Жыл бұрын
Thank-you for providing reliable in-depth reporting on the latest state of crypto in Canada!
@cryptoforcanadians Жыл бұрын
My pleasure! Thanks for watching and supporting the channel with the positive feedback!
@peterwestergaard4574 Ай бұрын
I transferred my USDT to Uniswap but when I try to swap it for USDC it keeps coming up with "you don't have enough ETH to cover the network cost". Any insights on this? You should make a follow up video with the uniswap :D
@cryptoforcanadians Ай бұрын
Just like it says, you need ETH to pay for the gas fees for the swap. Send ETH over to your wallet. Also, check out my latest video on selling USDT in Canada that may be of interest to you: kzfaq.info/get/bejne/fdtyncSX0pe8n2g.html
@ThePhantomofdelight Жыл бұрын
Amazing explanation. Just subscribed. Please make a video showing the entire withdrawal process both for small and large amounts. Thank you !
@cryptoforcanadians Жыл бұрын
I made a couple of videos years ago which are still relevant in terms of cashing out with PayTrie and Newton. The idea is somewhat the same. Check them out here: kzfaq.info/get/bejne/d6yUo7SSpqm6Y4U.html and kzfaq.info/get/bejne/gth7ga-JmdvOZ4U.html. Hope that helps!
@Eleo828 Жыл бұрын
Gem of a video...for Canadians..thank you so much...Please make a video showing the entire withdrawal process !! Subscribed..
@cryptoforcanadians Жыл бұрын
Thanks I appreciate the positive feedback! I won't be making a video on that because cashing out would be based on your specific situation and there are a number of factors involved as I described in the video.
@Eleo828 Жыл бұрын
@@cryptoforcanadians ok np..please make a video on MEXC and how to use it (via VPN).
@cryptoforcanadians Жыл бұрын
Check out Bitget as they're better. Learn more about them at www.cryptoforcanadians.ca/trading-crypto.
@righteousmen839 5 ай бұрын
@@cryptoforcanadians Can you help me, with my withdrawal? Im a Canadian who is stuck at Binance with ETH but cant withdraw, any suggestions on how to?
@peggykelly5671 Күн бұрын
Im stuck with usdt in a private wallet - how do i get it to my cdn bank acct
@cryptoforcanadians Күн бұрын
Check out this video: kzfaq.info/get/bejne/nt53qM18qa-smXk.html
@e.h7154 6 ай бұрын
How and where to sent my USDT from DCPTG , to do after what you explained to cash out
@cryptoforcanadians 6 ай бұрын
What is DCPTG?
@ThePandaPlace Ай бұрын
what blockchain do you recommend getting the usdt in to cash out on paytrie
@cryptoforcanadians Ай бұрын
PayTrie no longer supports USDT. Check out www.cryptoforcanadians.ca/selling-crypto as I've got a video there on the best way to buy and sell USDT in Canada. Hope that helps and let me know if you have any other questions.
@realisticgp6188 3 ай бұрын
And how to cash out without kyc for under 18?
@cryptoforcanadians 3 ай бұрын
I’m not sure about that sorry.
@moonath. Жыл бұрын
Hey mate, I really appreciate your videos. Please do make a specific video on how to use Paytrie to withdraw USDT from Binance.
@cryptoforcanadians Жыл бұрын
I made a video some time ago but it's still applicable: kzfaq.info/get/bejne/gth7ga-JmdvOZ4U.html. In the video I used BUSD but you can just change it to USDC when you cash out. The process is still the same (just select USDC). Hope that helps!
@peggykelly5671 Күн бұрын
How do I convert my usdt to get it into my bank acct- it won't let me convert to usdc
@charleslineage1837 Жыл бұрын
i like this topic, i really have less knowledge on this kind of process in crypto coz they wont make it simple for the mass majority if anyone try to venture lon this field. hope you will tackle regarding taxes if you cash out and how to include it in filing taxes as well. i thought binance is no longer working/supported in canada? ty
@cryptoforcanadians Жыл бұрын
I already have some information regarding taxes. Check out www.cryptoforcanadians.ca/taxes as that should help you out with that. Binance will be leaving Oct. 1. That said, if you're looking for alternatives to them, check out www.cryptoforcanadians.ca/trading-crypto. Hope that helps!
@sinna9146 9 ай бұрын
Hey Bro, isn't NDAX cheaper to sell and withdraw?
@cryptoforcanadians 9 ай бұрын
In most cases yes. Check out this video: kzfaq.info/get/bejne/gduGi61pnrWVY6M.html
@abhibih 4 ай бұрын
Question: I have to transfer USDT on TRC20 into Canada (much cheaper than on ERC20) I can’t find any exchanges that can do this. How do I send it to a wallet on TRC20 and then cash out in Canada??
@cryptoforcanadians 4 ай бұрын
Send it to Bitget as they support it. Use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. Upon sending it over, do what I said to do in the video.
@abhibih 4 ай бұрын
@@cryptoforcanadians thank you! Will try this method. Would it be easier/cheaper to convert USDT to CAD in BitGet and cash out to bank?
@cryptoforcanadians 4 ай бұрын
No because of the spread on the CAD on Bitget. Terrible rate.
@aiganyms1809 4 ай бұрын
Hey! Thanks for the detailed instructions! In my case I need completely vise versa flow - Can you please help mw to clarify how to get USDT for CAD in bank account? Can I just try to use this flow backwards? Thanks
@cryptoforcanadians 4 ай бұрын
Steps: 1) Sign up with Bitget (Use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614) 2) Send USDT there 3) Buy USDC 4) Sign up with NDAX (Use this link to get yourself a $10 bonus after a $100 trade: refer.ndax.io/ase4) 5) Send your USDC there 6) Sell USDC for CAD 7) Cash out CAD Hope that helps!
@aiganyms1809 4 ай бұрын
@@cryptoforcanadians Thanks a lot, however I meant the flow from CAD to USDT, so can go backward way up: 1. CAD to USDC in NDAX 2. send USDC to Bitget 3. buy USD in Bitget
@cryptoforcanadians 4 ай бұрын
Kind of but a bit different. 1) Buy USDC from Coinbase 2) Send USDC to Bitget 3) Sell USDC for USDT This video goes through the process: kzfaq.info/get/bejne/p9ylgJOTrMmwmoE.html
@aiganyms1809 4 ай бұрын
@@cryptoforcanadians Thanks a lot! I've got registered using your referrals!
@cryptoforcanadians 4 ай бұрын
@aiganyms1809 sure thing! My pleasure! Thanks for the support!
@christophercheung3329 3 ай бұрын
Hi, I tried to review for this question but can’t find an answer. I use newton and have usdc on phantom and would transfer to newton to get into my bank account, however newton only converts to CAD. I have a USD account in Canada and United States and wanted to exchange my usdc to USD and move it into one of those usd accounts. Is this possible? If so, how?
@cryptoforcanadians 3 ай бұрын
Sorry but I don't know of any ways on how to turn USDC into USD in Canada.
@christophercheung3329 3 ай бұрын
@@cryptoforcanadians thanks for the reply!
@cryptoforcanadians 3 ай бұрын
Sure thing!
@user-ou2eq2jq4x 4 ай бұрын
Is it possible to trade p2p legal in Canada? What should I do for it if I would like work as exchange, I was merchant on a Binance on UAH and I’m interred in this, maybe you can help me
@cryptoforcanadians 4 ай бұрын
Yes of course P2P is legal in Canada. Sorry but I don't have any experience with P2P and so I don't have any advice for you on that. I actually don't advise people to do P2P unless they're somewhat experienced in crypto due to the number of scams out there.
@mrgeekyz 9 ай бұрын
Thanks for share, as an Indian if i cashout my USDT in Canadian bank, how much tax I have to pay in canada? or is there anyway to bypass tax. Please help
@cryptoforcanadians 9 ай бұрын
I can't answer that based on general details as taxes are very specific. You're best to speak with a tax specialist who can help you with your specific situation.
@MillardBarredo Жыл бұрын
Which USDC network has the cheapest transaction fee? Thanks!
@cryptoforcanadians Жыл бұрын
Solana would be the cheapest but really pretty much negligible difference with the other "cheap" networks.
@shawnwaldron1018 7 ай бұрын
How does cashing out bitcoin work
@cryptoforcanadians 7 ай бұрын
You would send it to an exchange to sell it for CAD. Your best bet would be either NDAX or Newton depending on the amount. I don't have a video comparing the two when cashing out NDAX or Newton but usually for larger sums, NDAX is better. Either way, if you're interested in either NDAX or Newton, here are some sign up bonuses that may be of interest to you: Get $10 after trading $100 worth of crypto on NDAX: refer.ndax.io/ase4 Get $25 after purchasing $100 worth of crypto on Newton: web.tradenewton.com/r/KDKZDD Hope that helps!
@89nx26 Жыл бұрын
Can i just buy btc with my usdt and send it to newton or shakepay to cash out? What do you think?
@cryptoforcanadians Жыл бұрын
You could do that but the fees associated with that would be somewhat expensive depending on the withdrawal fee of BTC.
@ZephyR51 5 ай бұрын
I'm stuck withthe usdt on binance right now How can I withdraw it ?
@cryptoforcanadians 5 ай бұрын
You can withdraw USDT from Binance. You just need to make sure that you have a wallet to withdraw it to. Bitget supports USDT. When you send it over to Bitget, you can then trade it for other coins. Bitget's like the best Binance alternative. If you're interested in using them, here's a link where you can save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. Hope that helps!
@angelicaescalona6854 Жыл бұрын
how about , making USDT payment QR code, but we don’t have USDT here in Canada. unfortunately only USDT is available payment for my soon to be part time job.
@cryptoforcanadians Жыл бұрын
Again, you would need to convert that USDT into USDC via a DEX or send it off to an exchange that has USDT/USDC trade pairs.
@angelicaescalona6854 Жыл бұрын
@@cryptoforcanadians here's the case. My part time job will be paying me cryptocurrency by USDT, that's why I need to provide them my USDT payment QR code for me to get paid. But we don't have USDT here in Canada. I guess there's no other way? So, I need to give up the part time job.
@cryptoforcanadians Жыл бұрын
No, you would just convert that USDT into USDC to then cash out as I've said in the video. If you would like to learn more about that, I can definitely help you step by step on how to do that: www.cryptoforcanadians.ca/consultations
@iShivUniverse Жыл бұрын
Hi, love your vids! thank you for the content. I have a question, unrelated to this video though. Kucoin is forcing KYC and as I heard it is banned in Canada. So if a Canadian KYC's , will they lose their account ? What should a Canadian do to keep accessing KuCoin? thanks a bunch mate.
@cryptoforcanadians Жыл бұрын
Hey thanks for the positive feedback! I believe that Canadians will no longer be able to use Kucoin because of the KYC. That said, there are alternatives to them. Check out www.cryptoforcanadians.ca/trading-crypto for a better idea on what's the next best move going forward. Hopefully that helps to answer your question!
@cryptoforcanadians Жыл бұрын
Thanks for the clarification.
@iShivUniverse Жыл бұрын
@educatednegro5897 So does that mean once an Ontario resident KYCs, their account gets banned?
@cryptoforcanadians Жыл бұрын
That's my guess.
@nachishinobi2022 10 ай бұрын
Maybe it was the case, but now Kucoin does not accept Canadian ID at all. We are at the same level as China, Cuba, Iran etc... welcome to the commie club. Hail great leader Turdo @educatednegro5897
@FarmNcountry 4 ай бұрын
Hello thanks for you video! It helped alot. I still need some clarification. I have USDT (TRC20) in my Safepal wallet. How to I get into Canadian dollars to my Canadian Bank account? Thanks so much!
@cryptoforcanadians 4 ай бұрын
Check out www.cryptoforcanadians.ca/faq as there's a write up on how to cash out USDT in Canada. Hope that helps!
@Skelch777 7 ай бұрын
Is there anyway i can turn my usdt thats tethered to binance in my coinbase wallet to something i can use?
@cryptoforcanadians 7 ай бұрын
You can send the USDT to an exchange and buy coins with it.
@Skelch777 7 ай бұрын
Thank you!
@cryptoforcanadians 7 ай бұрын
My pleasure!
@905nite 4 ай бұрын
I have some USDT that I want to cash out and I can't find a way to do it. What should I do? I'm in Ontario. Also can USDC Ethereum safe on most exchange? My wallet has a swap feature for USDC types.
@cryptoforcanadians 4 ай бұрын
The most cost effective way to cash out your USDT in your situation would be to create an account with Bitget. After, send your coins there. Once you've received your coins, sell them for USDC. After, create an account with NDAX. Send the USDC on BEP20 to NDAX. Once you receive it on NDAX, sell it for CAD. After, e-transfer the CAD to your bank account. Use these links to help you out: Get $10 after trading $100 worth of crypto on NDAX: refer.ndax.io/ase4 Save 20% on your trading fees on Bitget: partner.bitget.com/bg/l87j35641689827277614 Hope that helps and let me know if you have any other questions.
@905nite 4 ай бұрын
Can I use the wallet that my USDT is in to convert to USDC or is it better to Bitget? I use the Trust Wallet. Also what type of USDC should I convert it to?
@cryptoforcanadians 4 ай бұрын
@@905nite You'll probably get a better rate on Bitget.
@yacineghostdz Жыл бұрын
Why not Virgo ?
@cryptoforcanadians Жыл бұрын
Newton's got better prices than them ever since they changed their fee structure 2 months ago. kzfaq.info/get/bejne/o7VxfsqLl9HdfI0.html
@aysenvi9646 5 ай бұрын
Hello so im stuck with some money in Binance because of going passed the ban time and im in Ontario. Stuck with USDT and cant do anything. What supports USDT so i can withdraw it and get out of binance? Thanks
@cryptoforcanadians 5 ай бұрын
Which province do you live in?
@aysenvi9646 5 ай бұрын
@@cryptoforcanadians in Ontario bro. Appreciate the quick reply
@cryptoforcanadians 5 ай бұрын
Send it off to Bitget then. They're like the best Binance alternative right now for Canadians. Use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614 Hope that helps!
@aysenvi9646 5 ай бұрын
@@cryptoforcanadians thanks man!
@gaeldesmontagnesnoires1711 Жыл бұрын
And the third is Netcoins.
@cryptoforcanadians Жыл бұрын
Actually, VirgoCX would be 3rd. Netcoins is still a bit more expensive than VirgoCX. You can check out the comparison here: www.cryptoforcanadians.ca/buying-crypto. Hope that helps!
@gaeldesmontagnesnoires1711 Жыл бұрын
@@cryptoforcanadians Pretty good synapses ..
@cryptoforcanadians Жыл бұрын
Thanks!
@Clairebonita777 5 ай бұрын
Always so easy to put in money but very difficult to take it out. Thieves everywhere bent on making life miserable for everyone; makes me sick
@cryptoforcanadians 5 ай бұрын
USDT got delisted from Canadian crypto platforms a while ago.
@jaredfernandez4319 4 ай бұрын
could i use ndax to cash out?
@cryptoforcanadians 4 ай бұрын
Not for USDT. If you're looking to cash out USDT, the best way would depend on your province that you live in. Which province are you in?
@jaredfernandez4319 4 ай бұрын
@@cryptoforcanadians nova scotia
@cryptoforcanadians 4 ай бұрын
Okay so what you’ll want to do is to sign up for Bitget. Use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. After, send your USDT there. Buy USDC with your USDT. After, create an account with NDAX. Use this link to get a $10 bonus after a $100 trade: refer.ndax.io/ase4. Once you’ve created your account, send the USDC (BEP20) to NDAX. When you receive your USDC on NDAX, sell them for CAD. You can then e-transfer withdraw your money. Hope that helps!
@abisanb8873 Жыл бұрын
hi so if i have my usdt on trust wallet how does it work to sell and etc?
@cryptoforcanadians Жыл бұрын
What chain is your USDT on? What exchanges do you have access to?
@abisanb8873 Жыл бұрын
@@cryptoforcanadians Its Usdt tron , what do u mean by what exchange do i have?
@cryptoforcanadians Жыл бұрын
Like, do you have access to Binance or another exchange that supports USDT on Tron?
@abisanb8873 Жыл бұрын
@@cryptoforcanadians ye i do
@cryptoforcanadians Жыл бұрын
Then send it there and then swap for another coin and then withdraw to a Canadian crypto platform to cash out.
@Skelch777 7 ай бұрын
I have 1600 usdt in my coinbase and cant seem to do anything wirh it now! 😢
@cryptoforcanadians 7 ай бұрын
Does Coinbase even support USDT…? You may want to contact support about how to access it…
@Skelch777 7 ай бұрын
@@cryptoforcanadians well I was sent usdt. I'm very green with crypto. I can send it but can't convert or cash deposit it to my bank.
@cryptoforcanadians 7 ай бұрын
You can always exchange it for USDC to then cash out.
@CW-lt5sj 5 ай бұрын
@@cryptoforcanadiansyes for some reason it allowed receiving USDT. Just not buy or sell. I see the convert button but since I don’t have any, I will try out to see if it allows conversion
@cryptoforcanadians 5 ай бұрын
I’m pretty sure that it won’t let you convert it but do please let me know if it works out for you.
@89nx26 Жыл бұрын
Ok so if i sell my usdt to usdc directly in kucoin and after send it to paytrie it will work directly? Without having troubler with network of the udsc
@cryptoforcanadians Жыл бұрын
Yes that would work.
@89nx26 Жыл бұрын
@@cryptoforcanadians ok but when i trasnsfer my usdt for usdc in kucoin how do i know the network of my usdc ?
@cryptoforcanadians Жыл бұрын
You can choose it at the time of withdrawing from Kucoin.
@89nx26 Жыл бұрын
@@cryptoforcanadians ah!!! Ok i wast sure thanx bro so wich one do you recommend ?
@cryptoforcanadians Жыл бұрын
Whichever is the cheapest.
@chillaxnaturemeditation6790 7 ай бұрын
Any new method for 2024-2025
@cryptoforcanadians 7 ай бұрын
No, it's the same.
@wesley9902 Жыл бұрын
Hey, so I need help cashing out USDT from Binance to PayTrie, but I'm a bit stumped. I'm looking at option 2 (since I don't have a wallet) but I don't know what exchange to use. please help.
@cryptoforcanadians Жыл бұрын
You would need to create a wallet first then. Send your USDT there, then swap it for USDC. Just make sure that you have the native coin to pay for gas fees on the swap for whatever chain it’s on. After you have your USDC, send it to PayTrie to cash out. Hope that helps.
@wesley9902 Жыл бұрын
Which wallet would you recommend?
@cryptoforcanadians Жыл бұрын
SafePal
@wesley9902 Жыл бұрын
Sorry that I have to get you to walk me through this, So I’ve created a wallet with SafePal, my usdt is already transferred as usdt(BEP20)…what do you mean by native coin? I’m still new with crypto. Thanks in advance!
@wesley9902 Жыл бұрын
So I’m trying to swap 1495.4528 usdt for usdc; with a 2% fee; how much BNB(BEP20) would I need?
@AlexAlex-gt3lk 8 ай бұрын
Hey, what about tax?
@cryptoforcanadians 8 ай бұрын
Check out www.cryptoforcanadians.ca/crypto-taxes for more information about that. Hope that helps!
@AlexAlex-gt3lk 8 ай бұрын
Thank you. My situation - I bought some crypto couple years ago before I moved to Canada and now I want to withdraw. I din't make any money, I lose, so I want to withdraw what's left. Do I need to worry about this? @@cryptoforcanadians
@cryptoforcanadians 8 ай бұрын
If you didn't make any money, then no you don't need to worry about that. You may want to have records though.
@AlexAlex-gt3lk 8 ай бұрын
So should I report it somewhere or just if i'm going to be asked? @@cryptoforcanadians
@cryptoforcanadians 8 ай бұрын
You just report the loss but keep any transactions on hand.
@muhammadibrahimshah9627 10 ай бұрын
Isnt Binance closed in Canada now? So how to convert USDT?
@cryptoforcanadians 10 ай бұрын
You’re right, Binance is no longer available for Canadians. You can’t trade on them, only withdraw. You would have to withdraw your coins as is.
@hatimezzaki 9 ай бұрын
What is the best alternative exchange for moment 'Kraken' ?@@cryptoforcanadians
@madtrackk 7 ай бұрын
where can we withdraw USDT (Tether) if no Canadian platform allows deposits of it? @@cryptoforcanadians
@righteousmen839 5 ай бұрын
@@cryptoforcanadians How please explain to me? Im unable to
@supermansclub5554 Жыл бұрын
hi can u help me withdraw
@cryptoforcanadians Жыл бұрын
From where to where? Did you watch the full video?
@supermansclub5554 Жыл бұрын
@@cryptoforcanadians yes...mexd4 if possible to indian money or Canada... now i am in Canada
@cryptoforcanadians Жыл бұрын
I don't know what mexd4 is. Do you have Canadian ID?
@supermansclub5554 Жыл бұрын
@@cryptoforcanadians no i am new here.. u can take commissions from my amount
@cryptoforcanadians Жыл бұрын
Then you'll need to ask someone to help you out. I don't cash crypto out for people.
@mikitaburton836 5 ай бұрын
Need your help my friend. How can I contact you
@cryptoforcanadians 5 ай бұрын
www.cryptoforcanadians.ca
@khalabe8525 10 ай бұрын
I got an email from Binance, and they will stop withdrawing in Canada on September 25. Can you tell me what's the solution? .
@cryptoforcanadians 10 ай бұрын
I know which email you're referring to. The email says "Crypto and fiat withdrawals will remain available after September 25th, 2023. Please note that regular withdrawal fees will apply." Not sure what you mean by solution but do you mean best alternative? If so, check out www.cryptoforcanadians.ca/trading-crypto for more information.
@khalabe8525 10 ай бұрын
@CryptoforCanadians so that means there's no need for withdrawal money from binance canada now? Please let me know
@cryptoforcanadians 10 ай бұрын
@khalabe8525 withdraw your funds asap.
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