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12. Bitcoin Montreal

NDAX is registered with Autorité des marchés financiers (AMF) as a Money Service Business (MSB) in Quebec, making NDAX a great choice for traders in Montreal to buy and sell Bitcoin. At NDAX, we offer a BTC to CAD pairing, allowing Canadians to buy bitcoin directly with the Canadian dollar.



Canadians can purchase BTC by following these steps:

  • Login to NDAX
  • Fund your NDAX account with CAD - NDAX offers 3 funding options: (Interac e-Transfer, bank draft, wire transfer)

 

  • Buying Bitcoin - Once you fund your account, you are ready to buy Bitcoin
    • Login to NDAX
    • Once you log in you will be redirected to your dashboard
    • Click TRADE
    • On the trade page, click BUY (Green 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 (the amount you want to buy) either in BTC or CAD
    • Click PLACE BUY ORDER

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  • Selling Bitcoin in Montreal for Canadian dollars - Trade your BTC for 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 a withdrawal to any Canadian bank or Financial institution
    • Click WITHDRAW at the top 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’d like to withdraw or click MAX
    • Click WITHDRAW NOW


You have now successfully converted your Bitcoin to Canadian dollars.