So if i understood you correctly, you want to sell your BTC for fiat, you can sell your BTC on a p2p exchange and receive fiat from the buyer directly into your bank account, bisq is a good choice for that. However, if you want to use a centralized exchange, take note that you must pass their kyc requirement before trading in their platform, and if i am not wrong, you can convert your BTC for fiat in Canada using Coinbase.

My first advise is for you to know the current state of regulations in your country, maybe crypto currency is being allowed or not, trading shouldn't be anything serious, especially when you're trying to exchange exchange with the use of the p2p network, though going through the centralized exchange may not be a perfect way of being anonymous in making transactions, but we may have to consider the using of a decentralized exchange or a physical one in doing it.

I usually advise people to use Binance because it is almost the largest peer-to-peer exchange space, but I was surprised from sources on the web that Binance does not support Canada and you will not be able to create an account using Canadian identity. The information is not confirmed and you can search for it yourself.
It will be possible to give you better advice if you tell us the amount you want to exchange. If the amount is large, your best option is to use Bisq platform where you will find many traders who are able to transfer money to your account in the best way for you. You can also use bitcointalk forum if you want more options to compare later. In both cases, I advise you to divide the amount into small transfers to avoid being tracked by the authorities.

You can check the lists
10 Crypto-friendly banks in Canada
The 11 Best Crypto-Friendly Banks in Canada (and Some of the Worst)
Best cryptocurrency exchanges in Canada.

You have to double check it, and if possible you can ask Canadians about this, like this advice.

Well first thing first is to be sure your country is crypto friendly to be sure you are safe in making such transactions with any bank in your country, because transacting in crypto have been a huge problem in some countries due to the fact that they are scared Bitcoin would take over other currencies in the near future,but a situation where cryptocurrency use is banned you need to be careful in your dealings and possibly to undergo any transactions you'll need an online exchange to do just that,But I'm not familiar with any of that so I'll advice once you've discovered your country is allowed to transact freely with BTC then you're good to go.

I will add that it may be a good idea to not do tests on crypto stance on the bank your main account (salary) is at, just to avoid really unpleasant surprises.
And yes, I agree with Potato Chips: asking your fellow Canadians is the proper way to go forward (but even if you get recommendations, smaller amounts are recommended).
And something more: you may want to also consider crypto cards, since you can then just spend in any shop for daily needs. Then you don't go through the hassle of withdrawing.

Yup. Sadly, many crypto communities I've been in is infested with scammers lol e.g. those at reddit, twitter, tg, discord. I'm glad it is less crazy in bitcointalk lol.

My advise it to not entertain DMs from randoms and just keep the discussion in public-- start a thread. This way, someone slippin' a scam trick will most likely be downvoted to oblivion and/or will be called out.

Upon the popularity with the centralized exchange like binance, it world ranking and global recognition, reputation and trust it has with so many organizations and crypto users, some countries still finds it hard for them to cope with the acceptability for the exchange full operation, which most are likely linked to regulations changes, which is still something far different from the risk associated from what a centralized exchange could give, some other countries follow same and restrict this same exchange among others.

The bigger question is, how will the Bank know you are withdrawing your Bitcoin if you use p2p method to sell the Bitcoin to another person and have the equivalent amount sent to your bank account, I think there is no Bank that have such detection tool a d that is why most Bitcoin trader's option in to use the p2p method to sell their coin and most people are already aware in the risk of lebeling your transactions as cryptocurrency related since such words are seen as red flag words.


Unless if there is Coinbase operation in Canada, so for sure their could offer direct Bitcoin bank withdrawal, and also in countries were Bitcoin is legalize and banks engage in Bitcoin direct transactions processing, such country like El Salvador will definitely have such banks that you mentioned.

Keep in mind it does not matter if the bank is crypto friendly or not if the bank sucks.

https://bt.irlbtc.com/view/5502270

Chase is very crypto friendly, however they are are also very incompetent. So it's something to think about.
As I said in the above topic, I messed up, I admit I messed up, all I wanted them to do was fix the issue. But all they wanted to do was sell me more services.

When I finally went to a local branch, it still took the better part of 2 hours to fix it.

I have another bank that I use that is known to be crypto unfriendly, however every time I have had an issue over the last 20+ years of banking it has never taken more then a couple of minutes to resolve the problem.

So you don't just want crypto friendly, you want crypto friendly and competent.

-Dave