Topic: Best exchange to sell crypto on? And send it to bank acct? (Read 240 times)

Hi jchi2210! Thanks for considering Kraken as your exchange!

For domestic US clients we use SynapsePay and withdrawals can take anywhere from 1-5 business days.

For more information please have a look at this link and if you have any other questions feel free to drop by our Bitcointalk thread! For more ways to get a hold of us have a look through this link.


Thanks for the kind words!

No problem. I withdraw to my bank account 1 or 2 times monthly, I can't really say since when because I don't remember very well when I started to use Kraken actively, but since 2016 for sure. So I would say I did over 20 times minimum.
After re reading your first post, I see you were talking about US dollars. In my account panel, I don't see the US dollar as an option to withdraw to a bank account (maybe because I am not US.)
But I searched in their FAQ and found this

Man I really appreciate you taking the time to review them for me. I think I will give it a try with a small withdrawal. maybe a few hundred dollars. They withdraw with a wire transfer right? and the wire is usually in your bank account at least by 2 days? How many times would you say you have withdrew with them? just curious. I plan on doing it at least once a week.

I use Kraken regularly and as for now, I have never got a problem. I always receive the money to my bank in 24 hours max, sometimes less.
There was a period with a lot complaints about the deposits from people and the long verification process, but when it's time to transfer to a bank account you hardly find a complaint with Kraken,

I was going to see what the best exchange is to sell coins on and send the USD amount to your US bank account? I used Coinbase for the first time last month selling coins and it was an absolute nightmare. It took over 2 weeks to get my money. For some reason I thought they would do an ACH direct deposit into my bank account and not a wire transfer. I waited for 8 business days and then I began worrying. I tried every way to contact them
-coinbase support
-coinbase reddit
-twitter
-facebook
-LinkedIn

I messaged every employee I could find to make sure I did not lose my large amount of money. Ironically enough, Linked In finally did it for me. I was able to contact one of the ex-executives, an engineer, and their VP of operations and each one said they would take care of it. 2 days later I received a wire transfer.

This is what I want to avoid. I want to be able to tranfer it to my bank account and not have to worry about it. Are there any good exchanges out there that do this? I thought about giving Kraken a go, but they also do a wire transfer into your bank account and I've seen some bad reviews on it. I understand that no one ever posts about their good experiences, only bad. So if anyone has had any good experience transferring money from Kraken to your bank account let me know. I'm needing a new exchange home lol