scotiabank is the worst they simply either do not understand bitcoin or rather refuse to acknowledge i had issues selling btc for etransfers my account was froze and it seemed like everyone i talked to at the bank was either playing dumb or just plain ignorant it took over a month to get it straightened out
too bad for them i removed everything i held mortgage , securities from scotia and moved to royalbank i did tell royal what i intended to do sell transfer bitcoins and they had no issue with it
Topic: Canadians: How are you turning your bitcoins into cash? (Read 298 times)
Banks do not want bitcoin should defeat them and lead to discontinue. Therefore, they are shutting accounts they suspect exchanging bitcoins.
Look for any trusted trader on localbitcoins to buy/exchange your funds with btc.
This process keeps your trades fully ulterior.
Look for any trusted trader on localbitcoins to buy/exchange your funds with btc.
This process keeps your trades fully ulterior.
You can always also trade with trusted people from the forum who are Canadians as far as I know they use Interact transfer.
I have been generating bitcoins online for a while and I just begun using a currency exchange and directly depositing it into my bank account. However I've been reading horror stories about banks freezing / shutting down accounts they suspect are transferring bitcoin. Apparently the major banks (CIBC, BMO, SCOTIABANK, and TD) are all hostile. I'm with Scotiabank at the moment and I don't see why this is a problem. Before this, i used Paypal which is also a red flag. I just don't know what to do. Cash by mail is an option but always risky. How are you guys navigating this hurdle?
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