Can I transfer bitcoins to my bank account? - page 5.

Eureka_07

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

I think no. But if you will convert your bitcoin into fiat money then that would be possible but be careful because some banks think that if you will deposit large money online they will think that it is from illegal transaction and is suspicious but in reality it is not. So, the best thing is to cash out your money and then deposit it personally to yur bank account.

mellar1084

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Actually, it depends on what you mean. What you can do for sure is trading bitcoin for the currency n use in your coutry and then transfer such amount on your bank account. Warning: depending on legislation, such amount of money may be submitted to taxations so beware what you transfer!
Then, if you mean "can I have bitcoin on my bank account".. Well of course not! As any currency in the world, you have to change it for "your" currency before getting it on your account. The difference is that if you receive.. let's say pound on a euro bank account, the bank can me the exchange itself (and charge you for that). With bitcoin... Well, you have to deal Definitely, Yes! You can transfer your bitcoins into your bank but it will be converted into your country currency type. But this is accepted by some of the banks and countries. the exchange on your own!

Kurokonobasuke

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

As far as I know, that's impossible since Bitcoin is decentralized while banks are not. The knly way way you can do that is to convert first your Bitcoin into Fiat or regular currency and again, transfer that amount into your bank account. But actually you don't really need to transfer your Bitcoin in banks, also, it will be safe on e-wallets and in this way, profit will be earned as its market value increases.

EmJay

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

There is no direct way to deposit bitcoin to your bank account. You must trade your bitcoin first in an exchange to currency or fiat then by that you can send it to your bank. That is the only wa you can send it to your bank account..as bitcoin is a cryptocurrency it is not fiat so it still needs to be converted to cash first.

yecats

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Banks don't like or don't trust bitcoin so you can't transfer as in direct transfer. You can transfer by sending it to an exchange.

https://www.coindesk.com/real-reason-banks-dont-like-bitcoin - you can also check this out

concrete reasons why banks hate bitcoin.

alfs75

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

In my own experience,you cannot directly transfer your bitcoin to your account,you can run in a long process but there other way,you can transfer your bitcoin to your atm account,but before you done that you must convert first the bitcoin into your own fiat currency,just like my bitcoin in my wallet in my local exchange,when time i needed most a money i convert it to our own traditional currency and transfering it to my own atm account,so that i can withdraw easily.

munify

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

If you want to transfer bitcoin to bank account, you have to change it to your country local money, then you can transfer it to your bank account.

kcirnhoj15

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Definitely, Yes! You can transfer your bitcoins into your bank but it will be converted into your country currency type. But this is accepted by some of the banks and countries.

snowwyjonny

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Unfortunately you can't directly transfer bitcoin into your bank account, however an ATM Machine can be used to withraw a bitcoins to local fiat currency given that it is a bitcoin supported ATM machine not the normal ones. You can check the available bitcoin ATM machines in your place here https://coinatmradar.com/ but I can't assure you that the site is always updated. There's another method that you can be able to transfer bitcoins to your bank account, by using bitcoin exchange sites such as Binance, Bittrex, hitBTC etc, deposit them here thus will convert it into fiat currency just follow every setup on their site and send their required requirements then your good. Or simply you can sell your bitcoins into a legit buyer and they will directly send the payment into your account. I hope you learn the possible methods in transferring bitcoins into your account.

heureca

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

As I know 1 bank only supports BTC deposits (in Germany). So you can sell your BTC into your local criptocurrency and then put into your bank deposit

Coup De Grace

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Well you can transfer your bitcoin in banks but today bitcoin are still risky in upon putting it on a banks..Because lot of banks are afraid of bitcoin dont want many would actually do this and invest in bitcoin..Most of them are enclosing those who have a bitcoin transactions on their bank account

parassinghal

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No you cannot directly send your bitcoins to your bank. It can be send to bank after exchanging them in to your country accepting currency.

zarados

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

Already so many people say that it can't be done. Well, to my knowledge, there is no bank that received bitcoin to be liquidated into the currency, which I know, you must use the services of third parties. Examples such as an exchange. Some major banks in the world do use cryptocurrency called Ripple, but for the activities of receiving and sending money to between countries or between banks is not to be traded as the exchange site.

aray80

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Banks do not accept bitcoin. You must sell it to the currency provided in the market and then transfer your exchange balance to your bank account ...

oaz7t

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No you cannot directly transfer bitcoins to your bank accounts as bank are not accepting bitcoins and it is not completely legal in a few countries
However you can exchange it with the currency of your country and then add them to your bank account

Kavallo

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Quote from: MediChain on January 11, 2018, 05:31:01 AM

Well, you actually can!

You can withdraw your BTC to a cold storage and lock it up in a bank safety deposit box.

LoL - this is the coolest answer of the whole thread!
However, I guess this was not what the guy was thing at. Since the person seems not to know exactly how Bitcoin works, he should perhaps open an account on Coinbase which is very simple to understand and it it allows the customers to sell the Bitcoins and send the FIAT money to the bank account.

JoshMart

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No, you can't. That is if you're talking about straight deposit (bitcoin going straight to the bank). As what has been suggested, get a local exchange that will convert your bitcoins to real cash. Have that cash moved to your virtual wallet then deposit in a bank.

dewi91

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as far as I know Bank only accepting fiat transfer, especially in my country, I never heard if bank accept bitcoin. you should convert your bitcoin to fiat before you transfer to your bank account. or may be you can do it if your country support bitcoin.

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Quote from: Finestream on January 25, 2018, 12:01:41 PM

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

You can't do that directly simply because your bank account don't have bitcoin address so better to convert it into fiat money first.

Yes.Convert your bitcoins into fiat currency first then that's the time you can deposit it to your own bank account.Maybe in the coming years depositing bitcoins into our bank accounts will be possible already once bitcoin will be legalized and adopted by the government,then for sure banks will also follow in accepting bitcoins.

It seems to me that the bitcoin community needs to go the other way. Why wait that bitcoin can fill up a Bank account? I think that we should strive to not use Fiat. We need to build a system using bitcoins to trade without exchanging for Fiat. I do not believe that the government will agree ever using bitcoin.

f150

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Quote from: Oliver A on January 11, 2018, 05:14:37 AM

Can I transfer bitcoins to my bank account?

If directly you can not transfer the bitcoin you have to your account, if you have not converted it into money. But if you turn it into money, you can certainly transfer money to your account. of the bitcoin that has turned into money

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