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10. How Kraken users can convert their Bitcoin to CAD to send to a Canadian bank

Canadians looking for a safe and affordable way to sell their Bitcoin on Kraken for Canadian dollars to send to their Canadian bank can use both Kraken and NDAX -- a Canadian bitcoin exchange.
  • Sign in or create an account
  • Send your Bitcoin from your Kraken wallet to your NDAX wallet
  • Trade your BTC to Canadian dollars
  • Send your Canadian dollars to your bank account

  • Sign in or create an account on NDAX to get a Bitcoin wallet address on a Canadian cryptocurrency exchange.
    • Sign in or create an account
    • On your dashboard, select the WALLET icon on the left-hand side of the screen
    • In your wallet, choose BITCOIN
    • Scroll down and click the GREEN RECEIVE BUTTON
    • Copy your Bitcoin address
      You will be sending your Bitcoin from Kraken to this address to deposit into your NDAX account.

  • Send your Bitcoin from your Kraken wallet to your NDAX wallet.
    • Sign in to your Kraken account
    • Click FUNDING at the top of the screen
    • Type in Bitcoin into the search bar
    • Select WITHDRAW
    • Click the blue +ADD ADDRESS button
    • Paste the address you copied from NDAX
    • Type in the amount you want to send
    • Click REVIEW WITHDRAWAL
    • Confirm the information is correct and click CONFIRM WITHDRAWAL


You now successfully sent a withdraw from Kraken to NDAX.

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Trade your BTC to Canadian dollars

  • Selling your Bitcoin in Canada (BTC/CAD)
    • Go back to the NDAX trading platform
    • Click TRADE on the left-hand side of the screen
    • On the trade page, click SELL (Red button) on the right side of the screen
    • Click the small GREY ARROW in the upper left corner of the screen to pick the BTC/CAD pair
    • Click on MARKET
    • Enter ORDER SIZE (How much you want to sell) either in BTC or CAD
    • Click PLACE SELL ORDER



Send your Canadian dollars to your bank account.

  • Send a withdrawal to any Canadian bank
    • Click WITHDRAW at the top of the screen
    • Select the FIAT TAB on the left side of the screen
    • Ensure CAD is selected and click the WITHDRAW button
    • Choose the method of withdrawal: EFT or WIRE TRANSFER
    • Select BANK ACCOUNT or ADD ACCOUNT if this is your first time
    • Type in the amount you would like to withdraw or click MAX
      Click WITHDRAW NOW


You have now successfully converted your Bitcoin from Kraken to Canadian dollars.