How to Purchase Canadian Dollar (CAD) Using Bitcoin (BTC)
To purchase Canadian Dollar using Bitcoin, start by finding a cryptocurrency exchange that offers the CAD/BTC trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Then, locate the CAD/BTC pair on the platform and place an order to trade your Bitcoin for Canadian Dollar. If the pair is unavailable, you can first exchange Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Canadian Dollar. Be aware of potential exchange fees, which can vary by platform and impact the total cost of your transaction.
How to Exchange Canadian Dollar (CAD) for Bitcoin (BTC)
To sell Canadian Dollar for Bitcoin, first, find a cryptocurrency exchange that supports the CAD/BTC trading pair. Create an account, verify your identity, and deposit your CAD into your exchange wallet. Locate the CAD/BTC pair on the trading platform and place a sell order to exchange your Canadian Dollar for Bitcoin. If the CAD/BTC pair is unavailable, you can first sell Canadian Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
