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twitter.com/DanielMicay/st To go along with this, PayPal has been repeatedly freezing transfers of contract income to my account for the past few months. Interac e-Transfers work alright for transfers within Canada although the arbitrary limits on transfers are often very painful.

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Daniel Micay

@DanielMicay

Feb 4, 2019

I was reluctantly selling Bitcoin through QuadrigaCX due to lack of decent exchanges available to Canadians. I would have used Coinbase but they dropped support fiat withdrawals in Canada. Since I didn't trust them, I kept the value there at < 1k USD by doing it at a slow pace.

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I strongly prefer not using PayPal but I don't have many other options to receive money from people outside Canada. If they won't use Bitcoin and can't easily send an international wire transfer, there aren't many other options that aren't worse than using trying to use PayPal.

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Banks themselves are already really bad and can delay transfers for long periods of time or refuse to make the international transfers at all. Some people that I do work for don't have access to traditional banking or PayPal at all and Bitcoin is just about the only option.

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Bitcoin transfers would work great if I was based in the US, but the lack of decent exchanges in Canada has been problematic. I'm ending up with a lot more money stored as Bitcoin than I want because it takes so long to convert it if I'm only doing about $500 worth at a time.

3:04 PM · Feb 4, 2019Twitter Web Client

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The events with QuadrigaCX demonstrate exactly why it's a good idea to convert an amount like $12k in increments of $500 though. The problem is that it then takes weeks or even a month to get the fiat money withdrawn from an exchange here so I can't withdraw nearly fast enough.

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QuadrigaCX was slow but it was working for me. On the positive side, I didn't lose any money regardless of what happens with them since I was in between making withdrawals through them. It's still bad because my primary option for withdrawal is now gone. Will need to try another.

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