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How to Cash Out of Bitget in Canada 🇨🇦 (Step-by-Step Tutorial)
Рет қаралды 3,245
4 ай бұрынThis video is a step by step tutorial on how to cash out of Bitget in Canada. This video is primarily for Canadians. To do this, you will need an account with NDAX.
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Disclaimer: Cryptocurrencies are risky and you can lose all of your funds if you don’t know what you’re doing. What I say in my videos is not financial advice but rather for entertainment purposes only. Using the affiliate links will help the channel monetarily.
#bitget #bitgetexchange #crypto #canada
@cryptoforcanadians 3 ай бұрын
Save 20% on your trading fees on Bitget: partner.bitget.com/bg/l87j35641689827277614
@arturrutra7838 3 ай бұрын
Verry helpfull video. Thanks
@cryptoforcanadians 3 ай бұрын
Thanks! I appreciate the positive feedback!
@se6661 3 ай бұрын
Hi, useful clear videos, thanks. How about Newton exchange for cashing out instead of NDAX? why you didn't use that? thanks
@cryptoforcanadians 3 ай бұрын
NDAX's prices are cheaper. Newton's only more economical if you're cashing out less than $100 worth of crypto. This is because of NDAX's $1.5 cash withdrawal fee but can be made up with better prices.
@eejhkfdd1784 3 ай бұрын
If buying coins on Coinbase is cheaper than Newton, What are the withdrawal fees to Bitget for both platforms? Or which way is the cheapest overall via e-transfer to fund and then withdraw to another wallet? Thank you.
@cryptoforcanadians 3 ай бұрын
I'm not sure what Coinbase's withdrawal fees are on their coins as it's dynamic I believe. As for Newton, the first $5 in miner fee is covered which will be majority of the time. Not sure what you mean. What exactly are you trying to do?
@randyorton8398 28 күн бұрын
not available in Alberta
@cryptoforcanadians 27 күн бұрын
You’re right they’re not available in Alberta. That said, I have seen people bypass the ID part with a VPN and using a passport. Do that at your own risk. Alternatively, there’s another exchange that doesn’t require any ID that’s available across Canada called Bitunix. If you’d like to learn more about them check out this video I made on them: kzfaq.info/get/bejne/jbVmkpOC1prDfYU.html If you’d like to save 25% on your trade fees with them here’s a link: www.bitunix.com/register?vipCode=cryptoforcanadians Hope that helps!
@user-lu7hq7zd3s 3 ай бұрын
Hi, what can you tell us about Bull Bitcoin? Is it suitable for Canadians compared to NDAX and others?
@cryptoforcanadians 3 ай бұрын
I personally don't use them because I find them to be expensive and there are cheaper ways to buy BTC in Canada. I assume that you're looking at buying and withdrawing the BTC upon purchase because you're interested in them. That said, you're best to go with either Newton or Shakepay if you plan on withdrawing somewhat frequently. Check out www.cryptoforcanadians.ca/buying-crypto to see how they compare. Hope that helps!
@Christopher.Capital 3 ай бұрын
Keep in mind, that converting USDC into CAD on NDAX will cost ~1.5%, compared to the actual USD/CAD conversion rate at the time you do it... Something to consider. May be better options out there for some...
@cryptoforcanadians 3 ай бұрын
Yes I've already taken the spread into consideration but where are you getting the 1.5%? Right now their USDC is ABOVE market value. 1 USD is 1.3702 CAD but on NDAX 1 USDC is 1.3730 CAD. The only fee is the 0.2% because their spread is essentially at market value on USDC. Trust me, there aren't better options there.
@Christopher.Capital 3 ай бұрын
@@cryptoforcanadians Dang, your right, my bad... Lol, my mind had it upside down, on top of the fact I was only looking at the price of the candle on the NDAX chart, not the level 2 data. On the candle chart it's been showing over 1.38 every time I check last few hrs. Then I was looking at the candle chart on my TradingView USDCAD pair and comparing to that, which has been close to 1.37 last few hrs... When I did that math, the NDAX chart was showing closer to 1.39. Either way I was not looking at the sell Bid on level 2 data, and was thinking upsde down Lol. So yeah, that's not bad at all! TY for correcting me on that.
@cryptoforcanadians 3 ай бұрын
@@Christopher.Capital No worries. I'm here to show the crypto way for Canadians lol
@Justinkelsch 3 ай бұрын
@@cryptoforcanadians dude your a goat, getting into arbitrage and this is the sauce
@cryptoforcanadians 3 ай бұрын
Thanks I appreciate the positive feedback!
@nofluffagain 3 ай бұрын
Is this better than coinbase now? Or just for the specific case of having USDT on BitGet and wanting to get to CAD fiat?
@cryptoforcanadians 3 ай бұрын
Yes NDAX is better than Coinbase to cash out USDC. I made a mistake before. I realized after making that video about USDC that Coinbase charges a 1% cash withdrawal fee.
@user-sy7oz7zl6f 2 ай бұрын
the whole videoi is grat one problems what is an authenticator code ?????????? how do you get it ??????????????? wayne
@cryptoforcanadians 2 ай бұрын
You need to set that up first with something like Google Authenticator or Authy. That’s also known as 2FA.
@Christopher.Capital 3 ай бұрын
I've been looking into which exchange(s) I may wanna use this weekend, and have wondered, maybe it would be easier and cheaper to have a $USD bank account from which i could fund/withdraw money with chosen exchange?
@cryptoforcanadians 3 ай бұрын
Sending and receiving USD in Canada has their own set of fees and complications. You're best to stick with CAD in my opinion.
@Christopher.Capital 3 ай бұрын
@@cryptoforcanadians I haven't done the math yet, but I know people who use Wise for their currency conversions, or holding multiple currencies, instead of dealing with a bank acct. It looks like it may be a good alternative way to go. Send CAD to your Wise acct. and convert into USD at spot conversion, just pay a small fee... And then send that USD to crypto exchange of choice. Not sure about any other fees, or if it'll even work yet, but looks like something that may be a good way to go
@cryptoforcanadians 3 ай бұрын
Would the fee be less than 0.6% because that's how much it costs roughly to fund Bitget in Canada.
@SaintAriyel 3 ай бұрын
Random question. What do you think is the best option if I have crypto on a cold wallet, but want to to trade it for another crypto, then transfer it back to cold wallet? I can use most of the platforms you mention for canadians. My guess is Newton or Shakepay, but interested in your opinion. Thanks!
@cryptoforcanadians 3 ай бұрын
Bitget's withdrawal fees are reasonable so I'd probably send the coins there and swap it and send back to your cold storage wallet. That said, if you're interested in Bitget, here's a link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. Hope that helps!
@SaintAriyel 3 ай бұрын
@@cryptoforcanadians Ok thanks for the answer! I will use your link.
@cryptoforcanadians 3 ай бұрын
My pleasure!
@OGwhale 2 ай бұрын
Nice video. So why not just trade on NDAX? Are the fees more or something?
@cryptoforcanadians 2 ай бұрын
If you’re actively trading, Bitget’s got tighter spreads and lower fees which will save you money in the long run. That said, check out this video about why Bitget is the best exchange to trade on in Canada. kzfaq.info/get/bejne/h6x0lMeAq6q3fY0.html That said if you’re interested in using them, use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614 Hope that helps.
@OGwhale 2 ай бұрын
@CryptoforCanadians oh yea I see it's a 0.2% fee. Ty. I will use your code when I sign up.
@cryptoforcanadians 2 ай бұрын
@OGwhale yeah that’s right in the long run you’ll definitely save money with Bitget.
@mikek9060 3 ай бұрын
Can't figure out why I keep losing money on bitget. I buy a new coin, it goes up 200%. I sell it. I lose money. What am I doing wrong?
@cryptoforcanadians 3 ай бұрын
I don't know why either. Is this on futures? Do you have screen shots of your entries and exits that you can share?
@t-birdmr.t7980 9 сағат бұрын
How does this work If you do over $10k?? Are you automatically labelled a terrorist and your account closed?
@cryptoforcanadians 9 сағат бұрын
I can’t answer that as I don’t have any experience with cashing out that much in a single go. If I were to cash out more than $10K, I would do 9K/24 hours until I’ve cashed it all out just to not flag anything.
@t-birdmr.t7980 8 сағат бұрын
@@cryptoforcanadians could take a whole year and looks fishy for no reason.
@cryptoforcanadians 8 сағат бұрын
@t-birdmr.t7980 then perhaps OTC is your best bet.
@kevinjohnson4890 2 ай бұрын
What about p2p
@cryptoforcanadians 2 ай бұрын
Risky and inconsistent
@TheGTVNetwork 2 ай бұрын
i just wanna put this money in my cibc account why does it have to be so confusing
@cryptoforcanadians 2 ай бұрын
That’s how the crypto scene is in Canada unfortunately.
@TheGTVNetwork 2 ай бұрын
@@cryptoforcanadians followed all your steps and still didn’t work wouldn’t even let me choose some 🤷🏿♂️ I guess it’s money lost
@cryptoforcanadians 2 ай бұрын
@TheGTVNetwork wouldn’t even let you choose what?
@gabegenio849 3 ай бұрын
Which exchange is cheaper to fund to Bitget? And How much would it be to withdraw from Bitget to Newton to my bank?
@cryptoforcanadians 3 ай бұрын
Coinbase would be the best to fund Bitget. Check out this video on funding Bitget in Canada: kzfaq.info/get/bejne/p9ylgJOTrMmwmoE.html. If you're going with Newton, you would want to withdraw via polygon. Once you receive the USDC, then sell it for CAD and then cash it out. The process is the same but with different steps. Hope that helps.
@gabegenio849 3 ай бұрын
@@cryptoforcanadians which ever is the cheapest way I'll go for it
@gabegenio849 3 ай бұрын
@@cryptoforcanadians Do you have a Spread sheet with all the Fees? From your videos?
@cryptoforcanadians 3 ай бұрын
No I don't have a spreadsheet on all the fees.
@ikust007 3 ай бұрын
2:45 didn’t use Tron ? Why ?
@cryptoforcanadians 3 ай бұрын
NDAX doesn’t accept USDC on TRON
@oyyyy9 2 ай бұрын
how long does it take to get into my account after withdrawal?
@cryptoforcanadians 2 ай бұрын
From where?
@kierii9422 3 ай бұрын
Is this cheaper than cashing out from paytrie?
@cryptoforcanadians 3 ай бұрын
Yes it is. There are cheaper ways to both buy and sell USDC than from PayTrie.
@ikust007 3 ай бұрын
Isn’t easier (less fee) to go through XLM?
@cryptoforcanadians 3 ай бұрын
USDC is safer. For 0.29 USDC, I’d rather send on that and not need to worry about XLM’s volatility.
@ikust007 3 ай бұрын
@@cryptoforcanadians agree
@ikust007 3 ай бұрын
@@cryptoforcanadians would prefer XMR by far …;)
@cryptoforcanadians 3 ай бұрын
Yeah but too bad no Canadian crypto exchange supports XMR.
@ikust007 3 ай бұрын
@@cryptoforcanadians true :(
@komodo_04 3 ай бұрын
is there a limit of how much CAD$ you can withdraw from NDAX in a day?
@cryptoforcanadians 3 ай бұрын
That depends on the option you select. E-transfer is 3K, there's none for EFT.
@komodo_04 3 ай бұрын
@@cryptoforcanadians You're very helpful as always. Thank you.
@cryptoforcanadians 3 ай бұрын
My pleasure!
@cryptoforcanadians 3 ай бұрын
You're best to contact NDAX support about that.
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