Topic: Transferring btc to bank account? (Read 2700 times)
You can withdraw you Bitcoin directly to your GBP bank account using 247exchange.com
a service i have used recently is called circle.com. my experience with them was good. it was easy to by btc and easy to sell btc for me.
Bitstamp
circle.com
add your bank account and deposit there, I do not recommend selling btc for paypal since people can reverse the payments and you might get your paypal account closed and owning money to paypal from your bank account.
circle.com
add your bank account and deposit there, I do not recommend selling btc for paypal since people can reverse the payments and you might get your paypal account closed and owning money to paypal from your bank account.
You can use services like Bitstamp or Bitfinex to exchange Bitcoin to your local currency.
I understand you wanna transfer to your bank account and as others have said Bitstamp is very good. I just thought I'd mention Virwox in case, you wanna transfer to PayPay or Skrill at some point. The site itself doesn't require any verification although you will need to have a verified PayPal account. They have high fees but they're the safest option out there for PayPal and Skrill. Welcome to the forum!
Virwox takes a huge fee once i withdrawed 10 $ bitcoins and received around ~6$ in my paypal.
i have also tried localbitcoins its fairly good with rates, much people says grey things do occur there , but yet i haven't experienced that there.
so i will suggest OP for localbitcoins.
you can try to Convert your bitcoins to Paypal and then withdraw your bitcoins into Bank account easily .
But we have to find the person who can trade for Paypal to get bitcoins.
It take 2-3 days to transfer your money From bitcoins to your bank .
or Verify your accounts at exchange and withdraw it with some fees .
But we have to find the person who can trade for Paypal to get bitcoins.
It take 2-3 days to transfer your money From bitcoins to your bank .
or Verify your accounts at exchange and withdraw it with some fees .
There is a big problem with this and it's chargebacks/disputes. I would not suggest selling BTC for paypal, it brings more with paypal as there is such a risk.
I suggest signing up for something such as coinbase. You can even set up a checking account just for it. So it can be very secure and small fees.
you can try to Convert your bitcoins to Paypal and then withdraw your bitcoins into Bank account easily .
But we have to find the person who can trade for Paypal to get bitcoins.
It take 2-3 days to transfer your money From bitcoins to your bank .
or Verify your accounts at exchange and withdraw it with some fees .
But we have to find the person who can trade for Paypal to get bitcoins.
It take 2-3 days to transfer your money From bitcoins to your bank .
or Verify your accounts at exchange and withdraw it with some fees .
There is a big problem with this and it's chargebacks/disputes. I would not suggest selling BTC for paypal, it brings more with paypal as there is such a risk.
I suggest signing up for something such as coinbase. You can even set up a checking account just for it. So it can be very secure and small fees.
Depends on what country you have paypal and if it is allowed to transfer to your bank account.
There is a good way to find real people for cash but it seems to be rare.
There is a good way to find real people for cash but it seems to be rare.
you can try to Convert your bitcoins to Paypal and then withdraw your bitcoins into Bank account easily .
But we have to find the person who can trade for Paypal to get bitcoins.
It take 2-3 days to transfer your money From bitcoins to your bank .
or Verify your accounts at exchange and withdraw it with some fees .
But we have to find the person who can trade for Paypal to get bitcoins.
It take 2-3 days to transfer your money From bitcoins to your bank .
or Verify your accounts at exchange and withdraw it with some fees .
i suggest you keep your bitcoins in your Electrum wallet, and remember to encrypt your wallet for extra security. the bitcoin price is at a good stage and will most probably go higher and you can earn a good profit.
I understand you wanna transfer to your bank account and as others have said Bitstamp is very good. I just thought I'd mention Virwox in case, you wanna transfer to PayPay or Skrill at some point. The site itself doesn't require any verification although you will need to have a verified PayPal account. They have high fees but they're the safest option out there for PayPal and Skrill. Welcome to the forum!
I think LBC is your best bet, because you can get a premium over market values. But you have to be careful because there are sometimes shady things going on there.
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Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please?
Thanks in advance
Thanks in advance
you can order Bit-x debit card and u can use it on any ATM.
Your card is tied with your BTC balance in your Bit-x account.
You send BTC to your account and then withdraw GBP on nearest ATM machine.
Bit-x will convert your BTC to GBP at current exch. rate.
Then you go with money to your bank, and make deposit to your bank account.
BIT-X fee is high especially inactive fee, so I recommend http://www.advcash.com/.
No, it does not.
-snip-
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[2]
[1]
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Plastic MasterCard, no verification!
Now you do not have to get your account verified to get a plastic Advanced Cash MasterCard. Order your card right after you create your Advanced Cash account. The card will have a cumulative limit of $2,500 that consists of $1,000 total ATM withdrawals and $1,500 worth of POS transactions and online purchases. Verify your account to enable our standard card limits, $3,000 daily withdrawals, $10,000 daily card funding.
Now you do not have to get your account verified to get a plastic Advanced Cash MasterCard. Order your card right after you create your Advanced Cash account. The card will have a cumulative limit of $2,500 that consists of $1,000 total ATM withdrawals and $1,500 worth of POS transactions and online purchases. Verify your account to enable our standard card limits, $3,000 daily withdrawals, $10,000 daily card funding.
[2]
Quote
Custom card delivery addresses!
Now, when you order your plastic Advanced Cash MasterCard, you can specify a delivery address that is different from your verified address. It's a great opportunity to get our MasterCard if you are traveling, have recently moved, or just prefer the card to go elsewhere.
-snip-Now, when you order your plastic Advanced Cash MasterCard, you can specify a delivery address that is different from your verified address. It's a great opportunity to get our MasterCard if you are traveling, have recently moved, or just prefer the card to go elsewhere.
P.S. There is a $2,500 lifetime limit if you don't verify your details.
I said anonymous, because it doesn't required a full verification and you can also order it with a *"fake" name or am I wrong? * and ask to be shipped to another address.
Technically, you can use any name. We will probably not print a card for you if your name is random characters or is misleading/impersonating somebody else in any way. But otherwise you don't have to verify. I still recommend that you do, because cards have a lifetime limit of $2,500 without verification.
Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please?
Thanks in advance
Thanks in advance
you can order Bit-x debit card and u can use it on any ATM.
Your card is tied with your BTC balance in your Bit-x account.
You send BTC to your account and then withdraw GBP on nearest ATM machine.
Bit-x will convert your BTC to GBP at current exch. rate.
Then you go with money to your bank, and make deposit to your bank account.
BIT-X fee is high especially inactive fee, so I recommend http://www.advcash.com/.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please?
Thanks in advance
Thanks in advance
you can order Bit-x debit card and u can use it on any ATM.
Your card is tied with your BTC balance in your Bit-x account.
You send BTC to your account and then withdraw GBP on nearest ATM machine.
Bit-x will convert your BTC to GBP at current exch. rate.
Then you go with money to your bank, and make deposit to your bank account.
BIT-X fee is high especially inactive fee, so I recommend http://www.advcash.com/.
Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please?
Thanks in advance
Thanks in advance
you can order Bit-x debit card and u can use it on any ATM.
Your card is tied with your BTC balance in your Bit-x account.
You send BTC to your account and then withdraw GBP on nearest ATM machine.
Bit-x will convert your BTC to GBP at current exch. rate.
Then you go with money to your bank, and make deposit to your bank account.
Yep you will need to sell at cex or coinbase, only bigger vendors deal with banks, because you need regulations and other stuff to interact with banks.
Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please?
Thanks in advance
Thanks in advance
you can sell them back to GBP first via localbitcoins or you can use bitsamp, bitsamp is bigger market where you can withdraw with wirebank
or you can sell your bitcoin in here section
https://bitcointalk.org/index.php?board=53.0
LocalBitcoins offers a variety of methods for you to exchange your BTC to cash or vice versa. They are basically a middleman. Alternatively, you can try kraken which doesn't require ID verification for basic low limits withdrawals which is more convenient than Bitstamp since they require ID verification and can take days. Both of them allow SEPA withdrawal method.
sorry for my typo i mean Bitstamp not bitsamp
you will have to exchange them for your native currency and then use an online service to transfer them to your bank.
or contact a bitcoin trader for your convenience.
or contact a bitcoin trader for your convenience.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
The quickest and easiest way is to sell them on localbitcoins see
https://localbitcoins.com/instant-bitcoins/?quick-action=sell&quick-amount=&quick-currency=GBP&quick-online_provider=NATIONAL_BANK&quick-country_code=GB&find-offers=
Create an account send the bitcoins to your wallet on LBC and then open an offer using the above link and they will transfer the GBP to your account usually in 5 minutes or less.
https://localbitcoins.com/instant-bitcoins/?quick-action=sell&quick-amount=&quick-currency=GBP&quick-online_provider=NATIONAL_BANK&quick-country_code=GB&find-offers=
Create an account send the bitcoins to your wallet on LBC and then open an offer using the above link and they will transfer the GBP to your account usually in 5 minutes or less.
LocalBitcoins.com price/BTC is very high. I could never find reasonable rates on LBC.
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