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Topic: NEW - CONFUSED ABOUT LINKING BITCOIN TO MY BANK (Read 336 times)

sr. member
Activity: 446
Merit: 252
September 05, 2017, 08:25:59 AM
#5
Ok - at least I am on track!  I did create a Coinbase acct, and linked it successfully to my checking account.
As trial, I "purchased" small amount of Bitcoin through Coinbase (using my checking acct).  It says the [Suspicious link removed]ives in 8 days.
So if I have someone transfer USD into my Bitcoin account, am I able to immediately transfer that amount to my checking?  Or is there a delay on that???

My experience with Coinbase has been that the selling of Btc to USD is immediate, but then it can take up to a week for the funds to appear in my checking account when I send them there.

At least it tells me it can take that long. With USAA, my funds usually appear the next day. That probably depends on your bank to some extent.
newbie
Activity: 2
Merit: 0
Ok - at least I am on track!  I did create a Coinbase acct, and linked it successfully to my checking account.
As trial, I "purchased" small amount of Bitcoin through Coinbase (using my checking acct).  It says the [Suspicious link removed]ives in 8 days.
So if I have someone transfer USD into my Bitcoin account, am I able to immediately transfer that amount to my checking?  Or is there a delay on that???
legendary
Activity: 2758
Merit: 6830
Can I link Bitcoin account directly to my bank account?  Or do I need some third party -- such as Coinbase?
You can't. Bitcoin isn't linked anyway with any bank or third party. You will ways need to deposit your coins into a third party to sell them to USD/EUR and then, transfer the money to your bank account.

Edit: The forum is so laggy right now that it took me 5 tries to post this lol
legendary
Activity: 2087
Merit: 1015
Can I link Bitcoin account directly to my bank account?  Or do I need some third party -- such as Coinbase?


Unless you've got an amazing bank, you'll need to use Coinbase or some other such third party.
newbie
Activity: 2
Merit: 0
Can I link Bitcoin account directly to my bank account?  Or do I need some third party -- such as Coinbase?
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