Topic: Can I transfer bitcoins to my bank account? - page 8. (Read 768 times)
Some wallet have features that let you sync your bitcoin wallet to your bank account, like coins.ph. This wallet is popular in our country because it's reliable and convenient. So, if someone is going to withdraw their bitcoin they can transfer it to their bank accounts and atm cards.
why would you want to?
You have to convert bitcoin to USD or local currency then there are some platform that will allow you to have a direct deposit to your bank account.
Can I transfer bitcoins to my bank account?
You can do it through an exchange. Some exchanges allows you to convert your Bitcoin to USD or EUR and withdraw it to your local bank depending in your residence country.
Some countries are restricted by some exchanges.
Can I transfer bitcoins to my bank account?
I think in order for you to transfer it you need first to convert it into cash then send it to your bank account. That was my opinion about it since banks now are like they not yet cooperate with bitcoin. Bitcoins cannot be transferred to any fiat currency or any bank account.
Hello friend, i was forced to take a week break from the site but i am back now.
I think the answer might be Ripple that is trusted by the banks so longer term it might
be wise to cough up 20 XPR to hold your Ripple wallet open and use that as a conduit
after converting XYZ>XRP
Regulations will force more people to use Ripple and they will like it anyway because the fees
are $0.02 per transaction and not $25 like it is with Bitcoin plus you have a small amount of
protection if your coins go on a walk about like we are seeing a lot of these days.
Don't worry I am no fan of the bankers but i am sure you can see the logic in my thinking
Currently no. I heard that some bank in Korea wants to create means of bitcoin deposit for their users. Maybe others in the future will follow.
Why not?
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 with the exchange on your own!
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 with the exchange on your own!
While it is impossible to put bitcoins on you bank account or deposit. But there is no special need for this, because now a huge number of options to keep money virtually, not physically.
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. Look for the wallet that is highly recommended on you place and your problem will be solved. It will always depend on your place, ask more to your friends which can help you better.
What about other cryptos? Not sure - but I heard that for some countries allow banks to work with cryptos. Or I am wrong?
No, you cannot. Banks are not accepting bitcoins. First you have to convert your bitcoin currency to fiat currency and then transfer the fiat balance toc your bank account. from where you can withdraw your money. Bitcoin exchange will do this for you. After converting bitcoin currency to fiat currency you may have to pay taxes as per the rules of your country.
Well, you actually can!
You can withdraw your BTC to a cold storage and lock it up in a bank safety deposit box.
You can withdraw your BTC to a cold storage and lock it up in a bank safety deposit box.
Can I transfer bitcoins to my bank account?
Their is no direct way to transfer bitcoins into bank. Nor banks accept bitcoins but via the third part exchange service you can buy and sell the Bitcoins to your bank account. most common website for exchange - www.Localbitcoins.com . Beware while choosing your trading partner.
Note they charge deposit fees when your transfer bitcoins to your localbitcoins account. I am suing this site from 2 years without any issue. in case any issue localbitcoins team helps you.
Bitcoins cannot be transferred to any fiat currency or any bank account.
you can use localbitcoins to do so but be careful to not get scammed
Can I transfer bitcoins to my bank account?
No.... however, you can deposit your BTC's to an exchange and exchange them for FIAT, then withdraw said FIAT to your bank account... Or you can create an account on localbitcoins, fund it with your BTC and sell it for cash/wire/... Or you can visit an ATM to deposit your BTC and get cash... Or you can find an exchanger on this forum.
But direct deposit of BTC to your bank account won't work.
Can I transfer bitcoins to my bank account?
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