When it comes to moving funds out of a bitcoin exchange, things can get hairy quite quickly. In the case of one Canadian bitcoin enthusiasts, moving US Dollars out of the QuadrigaCX exchange left him with limited options. The method used in this case – a cheque withdrawal – does not seem to work out that well either. Other options require the beneficiary to pay heavy fees, which is not all that appealing either.
Converting Bitcoin To Fiat Can Be A Hassle
Most cryptocurrency exchanges offer wire transfers as the primary withdrawal option. While that is only normal, it can be a bit of a problem for some users as well. Why somebody would use a Canadian exchange in the hopes of converting BTC to US Dollar is a bit of a mystery in the first place, but QuadrigaCX offers that functionality to Canadian users. After all, Canadians are left with very few exchange options if they want to obtain any currency other than the Canadian Dollar.
This particular user explained how he had three withdrawal options at his disposal. The first option was to use a
Read more ... source: LiveBitcoinNews
Let's block ads! (Why?)
Powered by Bitcoin Central