BTC withdrawal - page 3. | Bitcointalksearch.org

mikehersh2

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Quote from: Zadicar on January 16, 2017, 11:37:01 AM

Quote from: jacee on January 16, 2017, 11:10:31 AM

Quote from: smario on January 16, 2017, 03:39:56 AM

Is it possible to withdraw bitcoins to bank account

Technically it has to be converted in your fiat first and you can withdraw it in your bank if you found a local exchanger. You can withdraw btv directly to a bitcoin devit card tho.
You can see a lost of where you can get yourself a bitcoin devit card here: https://bitcointalksearch.org/topic/list-of-bitcoin-debit-cards-1242788

This is correct since bank dont accept bitcoin directly and like in my local bitcoin wallet provider there is a feature on which you could directly convert your bitcoin to fiat then transfer it to your bank account or card.Bitcoin debit card is also an good option too as jacee mentioned the link which is very helpful.

Ive never heard of a Bitcoin Debit card, but ive always wanted to convert my btc into USD. By doing this, can I deposit the USD in my btc debit card into a Paypal account?

wh04m1

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Quote from: smario on January 16, 2017, 03:39:56 AM

Is it possible to withdraw bitcoins to bank account

The banks do not have such a support yet. I think that you will support the banks directly or indirectly in the future.
But you can transfer funds to your bank account using the bitcoin exchanges.
Sample sites:

https://btc-e.com
https://yobit.net

xIIImaL

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Quote from: jackshephard on January 19, 2017, 11:34:28 AM

yes it is very possible, just use any exchange from a very long list like coinbase, circle etc etc etc... also you can do personal deals to exchange it. size should not be a problem as long as you fill you tax returns

Agree coinbase best exchange for btc and eth coins but to have better trade experience from any country you could do with localbitcoins. Here you can find the escrow system is with you while you trade the bitcoins to traders. Most of the people here around has the choice as localbitcoins only for their transactions to bank.

jackshephard

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yes it is very possible, just use any exchange from a very long list like coinbase, circle etc etc etc... also you can do personal deals to exchange it. size should not be a problem as long as you fill you tax returns

adzino

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Quote from: smario on January 17, 2017, 04:36:51 AM

Thanks for all the replies..!! It was very helpful..!! will surely revert back i have any other queries..

Like others said no bank is ever going to accept btc directly, you need to exchange your coins but you can use a bitcoin debit card. You can cash out easily from atm with few limitation without any hassle. Even tried bank transfer via advcash once, it did work without any problem. Not sure if they still offer that option.

marcuslong

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Quote from: smario on January 16, 2017, 03:39:56 AM

Is it possible to withdraw bitcoins to bank account

Depends if you are living in 3rd world country maybe you can sell up your bitcoin into real money i always deposit my bitcoin into bank and they changing it into real money that quick

onnz423

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Like mentioned before on this thread, use coinbase or bitstamp if you want the funds into your bank account.
Or you could use a bitcoin debit card like e-coin/wirex, i have been very happy with their service, of course they have their issues too.

You can order their card and upload funds without needing to send your ID up to 2000$.

xIIImaL

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Quote from: LLec on January 18, 2017, 10:05:30 PM

It would be just easier to transfer to a bitcoin debit card then withdraw from atm at the bank and do what you want with the fiat with your bank.
Just be prepared to pay fees when withdrawing using those banks including the bank's fee on top of that.

Btc cards fine way to taken out as the fiat cash but the charges for the debit cards usage and monthly maintenance are too heavy like banks. I could say better you could trade the bitcoin with the escrow to the fine traders available in your location. That would be most profitable then this.

ASHLIUSZ

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No Banks support direct withdrawal. It is possible to trade the bitcoin to traders who support transfer of amount to bank accounts. In this way bitcoins can be converted and saved into bank accounts without much difficulty. Importantly finding a trusted trader or legit trading service provider helps the best.

LLec

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It would be just easier to transfer to a bitcoin debit card then withdraw from atm at the bank and do what you want with the fiat with your bank.
Just be prepared to pay fees when withdrawing using those banks including the bank's fee on top of that.

smario

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Thanks for all the replies..!! It was very helpful..!! will surely revert back i have any other queries..

bitjoin

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Quote from: smario on January 16, 2017, 03:39:56 AM

Is it possible to withdraw bitcoins to bank account

Not sure on this but check out fidorbank. They are an online bank that do something with bitcoin. Im not sure if they just convert BTC to fiat or they hold BTC as BTC.

Mr. Big

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No you can't, if you want to convert it to fiat it would be thru exchange and they will cater your need whether you want to transfer the money directly to a bank account or to where you want the money to go...

Or you can sell it directly to a buyer and they transfer money to your account and you transfer your bitcoin to their wallet...

mundang

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Quote from: smario on January 16, 2017, 03:39:56 AM

Is it possible to withdraw bitcoins to bank account

All answers are the same ,you should convert your bitcoins into cash or fiat so that you can able to transfer it in your bank account..if you dont have any questions you can now lock this thread. Cause the following replies will be the same too.

ScaryMe

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I guess, yes you can withdraw it but you should convert it to your currency and like what we have here in our country there are banks that supports the online wallet that we have

PhenArt

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Yes you can do it bro, but the first thing you should found exchanges which support your bank account
In my case i found exchanges support my bank account and the process only few minutes the cash will be on your bank account

pealr12

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Quote from: smario on January 16, 2017, 03:39:56 AM

Is it possible to withdraw bitcoins to bank account

It is possible but be sure to convert first your bitcoins into fiat or cash ,before you can transfer it to your bank account. Theres no direct way of transfering bitcoins to bank account iy should be converted first.

aleandromagno

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Yes o fcourse you can do that.

You must find good exchanges - for me the best is Coinbase!

Sahyadri

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A bank account holds fiat currency and not bitcoins.
You can convert bitcoins for fiat currency and then deposit the fiat currency in your bank account.

In India there a a few OTC exchanges where you can sell bitcoins for Fiat currency withdraw the fiat currency to bank account.

qwertyqwerty

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Where do you live? Coinbase is great for bank deposits.

Topic: BTC withdrawal - page 3. (Read 4320 times)