after receiving bits in large amounts, how to work with banks? - page 2.

legendary

Activity: 1288

Merit: 1087

No bank accepts bitcoins. Some of them'll shut you down if you deal with legit companies. What you need is a service that converts them and you gotta be careful who you choose. There's alot of bad apples out there. Look up Coinbase and Circle. You could also sell coins for dollars on an exchange. Coinbase have an exchange. Gemini and Itbit are also very legit. All of them are gonna want to verify you so you have to hand over some ID. If you want to accept bitcoins for your business then Bitpay will handle the conversion and pay you.

Your Point Is Invalid

hero member

Activity: 756

Merit: 510

Dear me, I think I'm becoming a god

Normally I just change my bitcoin to paypal and just work from there, you can withdraw paypal to a bank account if you want

gvuandrew

newbie

Activity: 28

Merit: 0

Hi, I just asked my bank in USA if they can receive bitcoins and they said NO!
My question is this, what companies will convert the bitcoins into US dollars without asking questions so that I can take those US dollars and deposit into a bank
Because otherwise, what's the point of just having bitcoins hanging around, I want to invest this into my business or various investments

What do you guys do about this problem?

Thanks

Topic: after receiving bits in large amounts, how to work with banks? - page 2. (Read 976 times)