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How to Buy and Sell USDT in Canada

I'm often asked how one buys and sells (cashes out) USDT in Canada so I thought I'd make a section specifically on this. Check out the tutorial videos below on how to do so. Below that, I've also written out the process.

Buying USDT in Canada

To buy USDT in Canada, follow these steps:

Create Accounts

Sign up for Coinbase and Bitunix.
Use the link to save 25% on trade fees on Bitunix.

Fund Your Coinbase Account

Log in to Coinbase.
Click “Deposit” in the top right corner.
Enter the amount you want to deposit and click “Continue.”
Complete the e-transfer request sent by Coinbase.

Buy USDC on Coinbase

After funding, select “Buy & Sell.”
Choose USDC from the coin list.
Enter the amount of USDC to purchase and select “Review Order.”
Confirm your purchase.

Transfer USDC to Bitunix

On Coinbase, click “Send & Receive.”
Select USDC and choose the Solana network for transfer.
Go to Bitunix, hover over “Assets,” and click “Deposit.”
Select USDC and Solana network to get your wallet address.
Copy the wallet address and paste it in Coinbase.
Select “Preview Send,” choose “Wallet at other exchange or institution,” and click “Send now.”

Convert USDC to USDT on Bitunix

Once USDC is received on Bitunix, go to “Spot” on the dashboard.
Search for USDC and select the USDT/USDC pair.
Choose “Market order,” set the slider to 100%, and click “Sell USDC.”

In less than 5 minutes, you can go from cash in your bank account to having USDT in your Bitunix account.

Selling USDT in Canada

To sell USDT in Canada, follow these steps:

Create Accounts

Sign up for Ndax and Bitunix.
Use the link to get a $10 bonus after a $100 trade on Ndax. Use the link to save 25% on trade fees on Bitunix.

Send USDT to Your Bitunix Account

Log in to Bitunix.
Hover over "Assets" in the top right corner and click “Deposit."
Select "USDT" and select the network your USDT is on.
Send your USDT to the wallet address given.

Buy USDC on Bitunix

After sending your USDT, select “Spot.”
Enter "USDC" in the search box located on the left side and select "USDC/USDT."
Select "Market order."
Enter the amount of USDC to purchase and select “Buy USDC.”

Transferring USDC to Ndax

On Ndax, click the “My Wallet” tab.
Select USDC and select "Receive."
Select Solana as the network.
Copy the address given.
Go to Bitunix, hover over “Assets,” and click “Withdraw.”
Select USDC and Solana as the network.
Paste the wallet address that was given by Ndax.
Select “Withdraw,” and enter in the security codes.

Sell USDC for CAD on Ndax

Once USDC is received on Ndax, go to “Trade” on the dashboard.
Select USDC/CAD.
Select "Sell"
Select "100%" and "Place Sell Order."

Withdrawing CAD from Ndax

Select "Wallet."
Select "Send."
Select either "EFT" or "INTERAC E-TRANSFER"
Fill in the required details
Confirm the request through the e-mail Ndax sends.

In less than 10 minutes, you can go from USDT to cash in your bank account.

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