Pay anyone in Canada 🇨🇦 with bitcoin!

Everyone who accepts e-Transfers, now accepts bitcoin!

Canadians with a Bitcoin Well account can send money to anyone via e-Transfer using their bitcoin in self custody.

Here is how:

How to send an e-Transfer to anyone in Canada using bitcoin:

From the sell page in your Bitcoin Well account you can select the network (Bitcoin or Lightning Network) and how many dollars you’d like to send via e-Transfer.

Next you will see a new dropdown where you can choose the recipient for the e-Transfer.

It will be the email on your Bitcoin Well account by default.

To add a new recipient, select the drop down and “Add recipient”.

Here you will be asked to provide the recipient’s name, email and the security question/answer you’d like to provide for the e-Transfer.

You’ll be responsible for telling them the security question and answer, so don’t forget!

If you chose the Bitcoin network:

With all your information entered, you will be able to send bitcoin to the bitcoin address on screen and an e-Transfer will be sent to your recipient after 1 confirmation.

Note! This bitcoin address is permanently associated with your recipient.

Any and all bitcoin received by this bitcoin address will be automatically converted into dollars and sent to your recipient; even if you do not login to your Bitcoin Well account!

If you chose the Lightning Network:

Select “Generate Invoice” to generate an LN-invoice which will be associated with your transaction. Once that invoice is paid an e-Transfer will be immediately sent to your desired recipient.

Of course, you can still send sats to your Bitcoin Well Payment Address (your_welltag@sell.btcw.app) any time to receive an e-Transfer yourself.

Banks out; Bitcoin Standard in ⚡️

Bitcoin Well now enables the same instant and fast transfer capabilities as a bank, but facilitated with bitcoin in self custody!

Replace your bank with Bitcoin Well!