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. Typical transactions, like rent payments, paying friends back for dinner, paying your cleaning lady or even to pay for that new (to you) boom box on Facebook marketplace, can now be paid quickly, securely and cheaper with your Bitcoin Well account. And best of all, it’s all done with bitcoin in self custody. Keep reading to learn more!

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. For more 

information on the Lightning Network click here

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! 

! You’ll earn Bitcoin Well points and sats when they use Bitcoin Well!

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! 

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. 

Bitcoin Well arms its customers with the knowledge and tools to fully live on a Bitcoin Standard and maximize their independence by keeping bitcoin in self custody instead of dollars in their bank. 

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

Bitcoin Well is also the best place in the world to earn bitcoin. When you earn points in your Bitcoin Well account, you gain the opportunity to play the Bitcoin (Wishing) Well, where you win sats with every play.

The best part? We send bitcoin that you win straight to your personal wallet via the Lightning Network.

Oh yeah, did we mention you can win 1,000,000 sats? If you're an active Bitcoin Well customer, there is a chance you've earned a pile of points. The more you use your account for buying, selling or spending bitcoin - the more points you’ll earn! Log in to your Bitcoin Well account and 

Bitcoin Well exists to enable independence. We do this by coupling the convenience of modern banking, with the benefits of bitcoin. In other words, we want to make it easy to use bitcoin in self-custody.  ⁠ ⁠

Pay anyone in Canada with bitcoin! One step closer to replacing your bank with Bitcoin Well

Send an e-Transfer to anyone in Canada using bitcoin from self-custody

Konrad Fitzpatrick