πŸ˜¨πŸ‡¨πŸ‡¦ HELP ! Where Can I Cash Out My Steem / BTC In Canada !? πŸ‡¨πŸ‡¦ 😨

in cryptocurrency β€’Β  7 years agoΒ  (edited)

πŸ‡¨πŸ‡¦ IM LOSEING MY MIND LOL ! I finally took the plunge and opened up an account on poloniex to transfer some of the steem I have powered down and change it into bitcoin , with a ton of help from @clayboyn ! Thanks a bunch , that alone was quite the process I must say ! So once that was all done he helped me to open an account on " coinbase " in order to cash out my BTC in my chequeing account , but after gooing through all the steps I found out thats not available in Canada on "coinbase" all i can do there is use a credit or debit card to BUY stuff but then i can never cash it out !! Such BS !! So next @clayboyn sugested to try "uphold " same thing ! Cant cash out in Canada !!

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πŸ‡¨πŸ‡¦ After going through all the crazy steps taking my picture , setting up accounts I actually spent more then 8 hours at this today , can you believe it !! Its totally rediculous , and this process should be much easier !! I wouldnt have a clue if no one helped me ! At least I now have an account on poloniex and have successfully changed my steem into BTC ! YIPPEE !

πŸ‡¨πŸ‡¦ BUT now I have a new problem ! My BTC is now sitting on "coinbase "and I need help to try and transfer it now out of there , and into a Reputable Canadian Account that I can actually cash out into my chequing account or through paypal even !! CAN ANY ONE HELP ME !? Perhaps a fellow Canadian knows a good and easy place i can go to it would be much appreciated !! Thanks !

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πŸ‡¨πŸ‡¦ I now know why alot of my fellow steemians complain about the process , and I need to go through this again in a few weeks !! Im seriousely dreading it , and its seriously turning me off of buying and selling cryptocurrency , what a hassle , I dont know how people handle the stress of it all , seriousely !!! Thanks everyone for all your support over these 9 months ive been on steemit ! Im still for sure staying on steemit , I love it here ! Im just seriously in need of the money since ive been on EI from Feb,3rd ! And im worried my credit is starting to suffer as all my credit cards are maxed out now !

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πŸ’™πŸ‘Thanks for my banner @son-of-satire ! πŸ‘πŸ’™

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Β  Β· Β 7 years agoΒ 

I use Coinbase. I'm in the states and just send it to my bank account. I didn't know that option was not available in Canada.

Β  Β· Β 7 years agoΒ (edited)

You could use https://www.quadrigacx.com
They support Bank transfers in and out and should be able to convert your BTC to CAD and send to your bank account.

I remember people being able to do this with coinbase before, surprised they never fixed their payment processor issue.

Humm!? Sounds great this one seems the best to try so far !! Yes we thought coinbase would be fine but no such luck ! I have had a very stressful day and i also need to transfer my btc out of coinbase now into a new place ! Oh joy !! Lol!πŸ‘πŸ‘πŸ‘πŸ˜‚

Β  Β· Β 7 years agoΒ (edited)

I don't know that much about Canadian Bank transfers or these exchanges so unfortunately I can't be of too much help to you. Hope you get things sorted out.

Transfer BTC out of coinbase? Well thats not hard you just need a destination address. Then to wait for bitcoins slow transactions to confirm you.

No need to be stressed about any of this. It will work out just fine. Have a bit of patience. Getting things initially set up is the hardest part. After that it will be smooth sailing.

Well thats a relief to hear ! Thanks for your kind reply , im sure I will be better able to cope once i get some sleep ans spend time relaxing tomorrow with some company and a bbq ! Sometimes a bit of a break can do wonders ! πŸ‘πŸ‘πŸ‘πŸ‡¨πŸ‡¦

Β  Β· Β 7 years agoΒ 

This pocess has given me many sleepless nights. You should ask if anyone wants to buy your steem? IlI have sold like that before and its Straight into paypal. Good luck :)

Im sure the next time will be easier once i get everthing set up , i got a good link now from @barrydutton and a few others with the same link , but i will need to do this again in 3 or 4 weeks and hopefully it goes much better , but yes thats a great option if i can find someone ! Thanks for the tip !!πŸ‘πŸ‘πŸ‘πŸ‡¨πŸ‡¦πŸ˜¨

Β  Β· Β 7 years agoΒ 

I would like to try and cashout properly just once to say I have done it, but too scared as it looks way to scary lol Good luck on whatever you decide :)

I had lots of help yesterday , that you will want to at least be there to help you step by step on the way ! Its more time consumeing then anything , and you have to have a phone with you to get text messages for secret codes and email varifications becouse these places are very secure ! I would give it a try some afternoon whwn you have lots of quiet time with a small amount so if anything happens its not a big deal ! Then that way you will have your accounts and wallet set up , for the time you have more to cash out ! πŸ‘πŸ‘πŸ‘πŸ‘πŸ‡¨πŸ‡¦

Β  Β· Β 7 years agoΒ 

Sounds like a lot of hard work, I have someone who can walk me through it, I love steemit just hate this part.

Me too !!πŸ‡¨πŸ‡¦πŸ‘

Β  Β· Β 7 years agoΒ 

if I were you I would buy some silver as close to spot price and wait about 2 weeks for it to go back over 18 an OZ then sell it for spot at a good coin dealer, you can buy 10 oz of silver at spot price at JM bullion , free shipping with BTC its about just less than 180 dollars US right now and you get 10 nice silver rounds, after that you could get more from provident metals, not free shipping unless over 100. Also payapl, there is a guy right now selling silver casting grain by the OZ on ebay , he has like 11 left, he is nice I ordered 3, I'm maxed out on liquid funds and paypal or I'd buy it all. Thats a way you could get your hands on some funds and not as intimidating as you think at the coin dealers.

Humm ! This is all new to me and my first time cashing out some steem , so its very daunting as it is , once i get all set up and learn what to do first and how this works i might get more into stuff slowly but surely ! Baby steps ! I just finally set up a wallet in Canada and now i need to wait 1 to 3 days for my ID varification ! Thia all takes much longer then i thought and im all ready stressed out , i needed the money for my rent but hes going to have to wait ! Once im more settled and comfortable with what im doing i will do more stuff , thanks though for the info !πŸ‘πŸ‘πŸ‘

Β  Β· Β 7 years agoΒ 

I find it all very confusing too but chip away at understanding it and it becomes easier, plus things are becoming more user friendly every day, I would have gotten into BTC at the point I could be rich now, but I 1, couldn't wrap my head around it and 2, couldn't figure out how to get my money into BTC , things became easier in a short time and will get easier.

Thanks for your awesomr reply ! Yes slowly and everyday im learning something new ! I think just the added stress of opening accounts and after 3 tries finding a place in Canada to that changed my bitcoin to cash was very daunting , ive now finally sent my money to my sons bank account because i deal with the credit union and aparently that wont work , its not a bank !! Such BS ! and im just waiting now , it says it takes a day or 2 , so hopefully it all goes through ok tomorrow ! Im sure next time will be much easier , but they really need to make this easier for people if they want more people to get into crypto !! Its very stressful ! πŸ‘πŸ˜‚πŸ‘πŸ˜‚

I fear the process of powering down and cashing out. I hope I don't do it for a long time, and when that time comes I hope the process has been simplified. I also fear what the government will withhold as income tax.

Yes im with you on this ! And thats the way i always felt as well ! Lol! Only out of neccesity im slowly powering down im 3 weeks in now and im sure next time i cash out in about 3 or 4 more weeks it will be much easier now that allready have the polinex account set up and soon hopefully a Good Canadian wallet to cadh out my bitcoin into cash ! Good night !πŸ’€πŸ’€πŸ’€πŸ‘πŸ‡¨πŸ‡¦πŸ˜‚

Try canadianbitcoins.com . I haven't tried it though.

Awesome ! Thanks for the info ! I will try a few more tomorrow ! Thats sounds kind of like a poloniex site where i allready changed my steem into bitcoin but will give it a try possibly later today im going to sleep soon its almost 5am my time ! LolπŸ‘πŸ‘πŸ‘

Okay. Good night.

Thanks ! Im sure a good sleep will help me be better able to cope tomorrow !! πŸ’€πŸ’€πŸ’€

Β  Β· Β 7 years agoΒ 

i wrote an article on how to turn steem into cash. ive checked and canada is covered. they used to be called e-coin but theyve rebranded to wirex.........https://steemit.com/steem-help/@pcste/turn-your-steem-or-steemdollars-sbd-into-cash-via-virtual-or-plastic-visa-card-for-u-k-and-europe-users-other-countries-covered

Awesome ! As soon as im awake later on Tonight i will definitely check it out !! Just need to set it up and move my btc now out of coinbase to the new account ! It will be less stressfulafter i get some sleep ! Thanks a bunch and good night !πŸ’€πŸ’€πŸ’€πŸ‡¨πŸ‡¦πŸ‘

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OMG HI !!!!! Where have you been !?!? Im so glad your back , im going to be busy opening a new account this afternoon as i got many good tips on where to go in Canada today !! Lol ! So welcome back !!!πŸ‘πŸ‘πŸ‘πŸ‡¨πŸ‡¦πŸ˜¨

I've been working a lot. Too much! Are you cashing out?

I started powering down 3 or 4 weeks ago so im just cashing out so much at a time , in another 3 weeks or so i will cash out again as it takes 13 weeks to cash out , but you dont need to wait 13 weeks , you can cash out whats in your steem as it powers down once per week . Im still on EI and I really need the money to pay rent and credit cards ! Or for sure i would be keeping it powered up ! πŸ‘πŸ‘πŸ‘πŸ‡¨πŸ‡¦

Sorry to hear it. I hope you will continue Steeming. You're one of my favorites! β˜†β˜†β˜†β˜†β˜†πŸ˜Žβ€πŸ‘

Oh for sure !!! More then ever actually ! Lol !Never stop steeming on !!πŸš€πŸš€πŸš€

Surely @klye or @barrydutton can help. They are, after all, Canadiacryptothusiasts.

Yup ! I just got a message from @klye and i follow both of them , im waiting to hear back from @barrydutton later today ! Thanks !πŸ‘πŸ‘πŸ‘πŸ’€πŸ’€πŸ’€

Good deal!
If all else fails, I know a Nigerian prince that is on his death bed. He may pay a lot more for your bitcoin. ;)

Oooooh good to know !! Thanks LOL!!!πŸ˜‚πŸ˜‚πŸ˜‚πŸ‡¨πŸ‡¦

Β  Β· Β 7 years agoΒ 

Aren't there any Bitcoin machines near you? Try and do a search.

I think only in Vancouver , and Coquitlam area ! I got a good link today from @barrydutton here in Canada , so hopefully it goes smoothly today ! Thanks !πŸ‡¨πŸ‡¦πŸ‘πŸ˜‚

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Thanks so much for putting me in your tribune !! πŸ‘πŸ‘πŸ‘

Cargo them to Africa....smiling

Thanks for all the help ! Lol! πŸ‘πŸ˜‚πŸ˜‚πŸ˜‚

My pleasure......

Yes thats where i started and he was away at work so @clayboyn was on his site and decided to be kind enough to help me ! I did send barry another message in his comments but he must have gone to sleep im still waiting to hear back from him ! Thanks !πŸ‘πŸ‡¨πŸ‡¦πŸ’™

oh ok.best of luck!

Thanks ! Im going to need it !lol!πŸ˜‚πŸ‘πŸ’€πŸ’€πŸ’€

:))

Β  Β· Β 7 years agoΒ (edited)

Did you try to get your BTC tru skrill ? You can topup your skrill acount with BTC and transfer the amount in any bank acount or credit card . Sadly i dont know really how much are the fees .
Also you can chek this sites https://localbitcoins.com/country/CA

Im not sure i understand !? I allready have the bitcoin now sitting in coinbase where i cant cash it out , does skrill allow you to cash it out into your chequing account in Canada ! ?

Coinbase seems is a wallet , i never use this one but yes you can topup your skrill acount with BTC transfer from any wallet.

Β  Β· Β 7 years agoΒ (edited)

Ok ! so i can transfer my btc from coinbase to skrill after i open up a 3rd account now lol ! Then from there cash it out !? Are you sure they do this in canada !? πŸ‘

Will chek for you and do short tuotorial but give me some time to chek first for direct exchange :)

No worries and no rush ! Im sleeping soon and will get back at this later tomorrow or i should say today lol its currently 420 am here !πŸ‘πŸ˜‚

Plus i need to figure out how to now transfer it out of coinbase !

Β  Β· Β 7 years agoΒ (edited)

Coinbase is just wallet so you can transfer without any problem . Actualy better first go tru this sites i link you , maybe its some direct exchange. For example here is direct BTC -bulgarian leva exchange tru UesternUnion and also EasyPay

Oh we dont have that i dont think in Canada ! Here we have paypal ! Thanks for the info thou2gh !πŸ’™πŸ‘πŸ‡¨πŸ‡¦

You can seel tru paypal also just chek the site i link you before is like 20 local buyers and you can fix this very easy :)

Ok thanks so much ! Later i will check out your link and be sure i can do this with no problems in Canada first before i go crazy again lol ! I hope its easy !πŸ‘πŸ‘πŸ‘πŸ‡¨πŸ‡¦πŸ˜‚

Coinbase will have a send bitcoin button somewhere on your coinbase wallet. Use it
After setting up acct. where ever it is that allows you to exchange Bitcoin for
Canadian Money. In that new acct. will be a button where it will say 'Fund' or 'Deposit' and it will provide a wallet address for you to the use on Coinbase to transfer or send those Bitcoins to. From there you can now exchange your Bitcoin into Money.... can be daunting at first and double check everything to make sure you get your funds. Good luck and glad to see STEEM help out in your time of need.
Fill Steem Ahead!

Wow ! Thanks for the info i will need it later on today or tonight , sounds like more joy to come and complicated times are far from over ! Love all the help its much appreciated thanks !!πŸ‘πŸ‘πŸ‘πŸ‡¨πŸ‡¦

Β  Β· Β 7 years agoΒ 

Any luck selling your Steem? I'm actually at the opposite end of the same problem. I want to buy steem and spent much of the day looking for where I can buy it. Seems I need to buy Bitcoin first and then trade that for Steem. Ugh! WHY can't I just buy Steem directly?

I have never actually bought steem ! All the steem I have , I made from blogging on steemit ! Hopefully in the future all these things will be easier as steemit is very new !! Good luck ! Ask @craig-grant !! He does this all the time !!

Β  Β· Β 7 years agoΒ 

I think I have it figured out now. But thanks anyway.
I want to get out of redfish status faster and I have faith that Steem will do what Bitcoin did so I need something in Steem NOW, before it zooms up.

Yes for sure ! Good idea ! And good luck !πŸ‘πŸ‘πŸ‘

Β  Β· Β 7 years agoΒ 

Are you still selling Steem? If you are in the Greater Vancouver area perhaps we could trade directly. I'm looking for approx. 500 Steem.

I don't have that much powered down yet , it happens once per week usually very late on Friday nights , I will need to get back to you on that ! I would like to try saving it up if I can and wait for the price of steem to go up ! Before I cash it out again . πŸ‘

Β  Β· Β 7 years agoΒ 

OK, thanks for considering it though.
I spent all day yesterday studying how to buy steem and every single exchange has its issues (delays, big transfer in fees, limited options, etc.). By the time I get an account set up, the price of Steem may double again and I'll be out of the market. Missing my chance again. Nevertheless, I will continue to work at earning Steem the slow way. Depending on how far away you are, smaller purchases each week could work and we both save the conversion fees!

yes sounds good ! I always just use poloniex to exchange steem for Bitcoin , then Quadrigacx to sell my Bitcoin for money , they will directly deposit it into my account ! Its supposed be in 24 hours for express deposit but its been very busy lately and taking days now at times ! Good luck! Will keep in touch !πŸ‘πŸ‘πŸ‘

Β  Β· Β 7 years agoΒ 

Thank-you!

Β  Β· Β 7 years agoΒ 

I tried all this ages ago and had many problems, let us know if it works out @karenmckersie

Ok will do ! I will try to remember to comment you tomorrow night if i get it to work out good ! Thanks !πŸ‘πŸ‡¨πŸ‡¦πŸ’€πŸ’€πŸ’€

Β  Β· Β 7 years agoΒ 

Thanks alot @karenmckersie thought you would of done a post of your success, best of luck.

Not quite done the crazy process yet lol !! But im getting there ! Hopefully the next time will be easier once I get all the stuff set up , thanks for your kind reply @simonjay !πŸ‘πŸ˜¨πŸ‡¨πŸ‡¦

Β  Β· Β 7 years agoΒ 

Localbitcoins.com is what I use Karen!

Awesome im up to 3 different places now !! As long as its easy enough and i change btc into canadian cash in my chequing account i will be happy ! That is after i figure out how to get my btc out of coinbase now and into the new account ! Its just more overwhelming because its my first time ! Thanks a bunch !πŸ‘πŸ‘πŸ‘πŸ’€πŸ’€πŸ’€πŸ’€πŸ’€

Β  Β· Β 7 years agoΒ 

Once you get the hang of it and "pop your bitcoin cherry" it's actually painfully easy!

Hahah ! Now thats the comment i was expecting ! Lol ! πŸ˜‚πŸ˜‚πŸ˜‚πŸ‡¨πŸ‡¦
Like a virgin !! Hehhe !!πŸ’πŸ’πŸ’πŸ’

I understand your frustration. You could do the reverse of the steps I explain​ in this blog. I wasted a lot of time too until I found this efficient method: https://steemit.com/canadian/@denisedube/how-to-buy-bitcoins-with-canadian-dollars-then-transfer-to-steem

This was posted 5 months ago ! I have long since figured it out and have sold a lot since , thanks for your reply though !

How did you do it I am having same problem with coinbase.

Check out my blog I am exposing corruption in my city

I use quadrigacx in Canada , but they are not doing etransfers right now but you can get it depositedinto your bank , you need to set up an account there ! coinbase doesnt work in Canada ! good luck , I have used quad now for 9 months !! this is. very old posting .πŸ˜€

I found a local that want to buy my steem. But thank you for a quick reply.