What's the safest way to transfer cash from an exchange into a bank account?

bbit

legendary

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Bitcoin

Quote from: mjc on January 28, 2013, 04:53:07 PM

Coinbase.

westkybitcoins

legendary

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Firstbits: Compromised. Thanks, Android!

If it's just getting bitcoins into cash, you could try Bitpay.

Set yourself up as a (legit) business with them; if you mine, you can declare yourself a miner, if you sell used goods you can call yourself a flea market reseller, etc.

Get a personal deposit address, and send your bitcoins to it for a one-day ACH into whatever bank account you have on record with Bitpay.

The fee is about 2.99%, IIRC. Not sure how that compares to Dwolla, etc.

mpfrank

sr. member

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Cosmic Cubist

Quote from: Troll Toll on January 28, 2013, 03:57:07 PM

I traditionally used campbx as my exchange of choice and dwolla as the receiving bank account, but with the recent sketchiness of dwolla, I am worried of an account freeze.

I am open to using any exchange, I'm just looking for the safest foolproof way to get my bitcoins into cash. What method do yall use that you feel is secure and safe on both the exchange side and the bank account side?

Thanks!

You can do a PayPal payout via BitInstant right? Fees are high though...

mjc

hero member

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Available on Kindle

Coinbase.

Troll Toll

member

Activity: 116

Merit: 10

I traditionally used campbx as my exchange of choice and dwolla as the receiving bank account, but with the recent sketchiness of dwolla, I am worried of an account freeze.

I am open to using any exchange, I'm just looking for the safest foolproof way to get my bitcoins into cash. What method do yall use that you feel is secure and safe on both the exchange side and the bank account side?

Thanks!

Topic: What's the safest way to transfer cash from an exchange into a bank account? (Read 774 times)