Withdraw Bitcoins to a bank account - page 2.

JeffBrad12

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Quote from: xIIImaL on September 29, 2016, 12:51:31 PM

Quote from: davis196 on September 29, 2016, 09:50:01 AM

Quote from: relauan on August 10, 2016, 10:03:46 AM

Hello guys, want to withdraw Bitcoins to a new bank account in Switzerland. How to confirm the origin of money? Which stock exchange should I use? What problems can arise? Or should I use bank in another country?
Thanks in advance!

Use localbitcoins and find a trusted trader.

I don`t know how you can confirm origin of money in a Swiss bank account.

You can`t "withdraw" bitcoins.You sell bitcoins for fiat money.

That's a easy step right. If you want to put your Bitcoin to the bank account means find the trader in your country with local bitcoins site and find the perfect trader. So don't check the other options to accomplish it without direct transfes.

I believe some trade in your country is already opening the exchange service for bitcoin into the fiat cash and you can use that so better for tracking their history and trail before doing a business with him.

Doamader

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Besides the local trader you can try to open some service like banner exchange and make the fake buys with bitcoin, soo you can say that the money camed from there, but sure local trader would be better as long isnt a big ammount. I had sold my coins into a localtrader but without personal contact, i just contact him he makes the rate i send the coins and he makes the deposit, it were just 2000 dollars being sold in small portions never more then 900 dollars.

xIIImaL

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Quote from: davis196 on September 29, 2016, 09:50:01 AM

Quote from: relauan on August 10, 2016, 10:03:46 AM

Hello guys, want to withdraw Bitcoins to a new bank account in Switzerland. How to confirm the origin of money? Which stock exchange should I use? What problems can arise? Or should I use bank in another country?
Thanks in advance!

Use localbitcoins and find a trusted trader.

I don`t know how you can confirm origin of money in a Swiss bank account.

You can`t "withdraw" bitcoins.You sell bitcoins for fiat money.

That's a easy step right. If you want to put your Bitcoin to the bank account means find the trader in your country with local bitcoins site and find the perfect trader. So don't check the other options to accomplish it without direct transfes.

davis196

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Quote from: relauan on August 10, 2016, 10:03:46 AM

Hello guys, want to withdraw Bitcoins to a new bank account in Switzerland. How to confirm the origin of money? Which stock exchange should I use? What problems can arise? Or should I use bank in another country?
Thanks in advance!

Use localbitcoins and find a trusted trader.

I don`t know how you can confirm origin of money in a Swiss bank account.

You can`t "withdraw" bitcoins.You sell bitcoins for fiat money.

ipanks

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Quote from: dunfida on September 26, 2016, 08:51:56 AM

Quote from: ethereumhunter on August 10, 2016, 10:09:04 AM

i think you can use local bitcoin exchanger which you can found in your country and transfer that money into your bank account, or you can use paypal to receive money and then you withdraw your money in paypal into your bank account.

This is the most precise way on OP's question and i agree with this , you could simply find a local bitcoin exchanger in your country and exchange it and transfer to your bank account without compromising your name, as ive read you are worried about of your privacy but theres nothing to worry about.

i am agree to with this too because better we withdraw with local bitcoin and without worried about transaction fee from the bank and beside that we are help the local bitcoin to make their business grow. i think its symbiotic mutualism, we need help from local bitcoin exchanger, and local bitcoin exchanger is need us too to withdraw our bitcoin with them.

dunfida

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Quote from: ethereumhunter on August 10, 2016, 10:09:04 AM

i think you can use local bitcoin exchanger which you can found in your country and transfer that money into your bank account, or you can use paypal to receive money and then you withdraw your money in paypal into your bank account.

This is the most precise way on OP's question and i agree with this , you could simply find a local bitcoin exchanger in your country and exchange it and transfer to your bank account without compromising your name, as ive read you are worried about of your privacy but theres nothing to worry about.

JeffBrad12

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Quote from: 0day on September 25, 2016, 04:27:13 PM

Quote from: Qunenin on August 28, 2016, 07:13:14 AM

Quote from: 0day on August 27, 2016, 03:50:34 PM

Quote from: bitkilo on August 27, 2016, 06:46:42 AM

Quote from: densuj on August 27, 2016, 05:28:25 AM

Quote from: relauan on August 10, 2016, 10:11:47 AM

Quote from: ethereumhunter on August 10, 2016, 10:09:04 AM

i think you can use local bitcoin exchanger which you can found in your country and transfer that money into your bank account, or you can use paypal to receive money and then you withdraw your money in paypal into your bank account.

But how to prove to the bank that the money was earned legally?

You can show your transaction on paypal that will become a prove for the bank, and explaining to bank the money are come from selling bitcoin to paypal. I think it is simple way for explaining to the bank.

If you think that you can explain bitcoin trading in a simple way that the bank will understand you have obviously never spoken to a bank manager about it before, trust me they are clueless.
They would have little time to listen to a story about 2 payment networks the don't earn them any fees.

The bankers know about trading of bitcoin and currency, I think he should only have to tell about that and they will readily accept that, or should have to tell them about this forum and have to tell that he is earning here by marketing, they will accept.

I think you need an intermediate service between bank and yourself as bank dont deal directly with bitcoins. I will suggest to use localbitcoins instead .

I was just suggesting to the OP that the banks know about trade so he just need to tell them about the trade which he do. Like he can tell the banks that he is a trader and earning money through his trade on some exchanges. That is all. and you can read the Op that he is asking for the details of origin of money which he want to withdraw from bank.

Is he need for reading the op's question? or just making a post without considering the theme of the topic. telling about all of the things to the banks is better and I think they're not wanna for knowing more about the data of their users caused by should it a privacy for users.

0day

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Hire me for your campaign management.

Quote from: Qunenin on August 28, 2016, 07:13:14 AM

Quote from: 0day on August 27, 2016, 03:50:34 PM

Quote from: bitkilo on August 27, 2016, 06:46:42 AM

Quote from: densuj on August 27, 2016, 05:28:25 AM

Quote from: relauan on August 10, 2016, 10:11:47 AM

Quote from: ethereumhunter on August 10, 2016, 10:09:04 AM

i think you can use local bitcoin exchanger which you can found in your country and transfer that money into your bank account, or you can use paypal to receive money and then you withdraw your money in paypal into your bank account.

But how to prove to the bank that the money was earned legally?

You can show your transaction on paypal that will become a prove for the bank, and explaining to bank the money are come from selling bitcoin to paypal. I think it is simple way for explaining to the bank.

If you think that you can explain bitcoin trading in a simple way that the bank will understand you have obviously never spoken to a bank manager about it before, trust me they are clueless.
They would have little time to listen to a story about 2 payment networks the don't earn them any fees.

The bankers know about trading of bitcoin and currency, I think he should only have to tell about that and they will readily accept that, or should have to tell them about this forum and have to tell that he is earning here by marketing, they will accept.

I think you need an intermediate service between bank and yourself as bank dont deal directly with bitcoins. I will suggest to use localbitcoins instead .

I was just suggesting to the OP that the banks know about trade so he just need to tell them about the trade which he do. Like he can tell the banks that he is a trader and earning money through his trade on some exchanges. That is all. and you can read the Op that he is asking for the details of origin of money which he want to withdraw from bank.

nealvanessa990

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Quote from: relauan on August 10, 2016, 10:36:33 AM

And still the question remains, how to prove the legality?

I think every country's bank accept online earning doing some stuff.In my country bank first time when I am going to withdraw my money from my bank account my country bank only ask me how did I earn that money I told then I am doing online stuff and my buyer send me the money that's all.they never ask me again this question.my bank manager also interested how he can also earn money online he contract me several times to learn how to earn from online.

afroboss

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Quote from: danherbias07 on September 25, 2016, 08:09:02 AM

Quote from: gkv9 on August 31, 2016, 01:59:32 AM

You can go for Localbitcoins, the best online escrow exchanger which supports more than 200 countries to trade bitcoins globally...
You can ask for bank transfer or can take cash too, for origin of money, you might use any freelancer account and show them some sort of work (fake here) that you did for which you are getting money...

Although I havent tried this localbitcoin website I have been seeing this being talked a lot or suggested. Is it really that trusted to be used for local trading? I prefer my own countries website exchanger but still looking for better.

You just check the reputation of the seller (exchanger) by looking at how many successful trades with what volumes he did. I do trade on localbitcoins for 1.5 years and never got scammed.

What i like at localbitcoin is you have many more capabilities to pay or accept payment for your trade.

danherbias07

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Quote from: gkv9 on August 31, 2016, 01:59:32 AM

You can go for Localbitcoins, the best online escrow exchanger which supports more than 200 countries to trade bitcoins globally...
You can ask for bank transfer or can take cash too, for origin of money, you might use any freelancer account and show them some sort of work (fake here) that you did for which you are getting money...

Although I havent tried this localbitcoin website I have been seeing this being talked a lot or suggested. Is it really that trusted to be used for local trading? I prefer my own countries website exchanger but still looking for better.

afroboss

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Quote from: relauan on August 10, 2016, 10:03:46 AM

Hello guys, want to withdraw Bitcoins to a new bank account in Switzerland. How to confirm the origin of money? Which stock exchange should I use? What problems can arise? Or should I use bank in another country?
Thanks in advance!

Why dont you deposit bitcoin directly to an external bank account and then send SEPA or Swift from that external bank account to your Swiss bank account. I would like to help

(o)(o)ilikeboobs(o)(o)

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You can't withdraw them directly but you can use bitcoins exchange for that

gkv9

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!!! RiSe aBovE ThE StoRm !!!

You can go for Localbitcoins, the best online escrow exchanger which supports more than 200 countries to trade bitcoins globally...
You can ask for bank transfer or can take cash too, for origin of money, you might use any freelancer account and show them some sort of work (fake here) that you did for which you are getting money...

Supercrypt

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Quote from: ImHash on August 28, 2016, 09:46:52 AM

Wait a second how do you want to withdraw bitcoins into a bank account?
Which bank accepts bitcoins to begin with?
And you can never really prove to anyone where you got your bitcoins whether legally or otherwise.

Currently I do not think there are any banks that takes bitcoin and convert it for you. The only way is buy using an exchange and also connecting your bank account to the exchange for depositing funds. So, withdrawing bitcoins to a bank is possible only in the form of fiats not really in bitcoin. Conversion usually takes place within exchange.

rphk

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there is a different online wallets site deepening on the countries , those wallets will have features like adding your bank account, but they may require tax proof details etc. but not sure how it is help full for you at your country . or you need use local bitcoin.com sites to exchange it to local fiat currency.

Slark

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Quote from: JeffBrad12 on August 28, 2016, 06:11:48 PM

Quote from: bitkilo on August 27, 2016, 06:46:42 AM

Quote from: densuj on August 27, 2016, 05:28:25 AM

Quote from: relauan on August 10, 2016, 10:11:47 AM

Quote from: ethereumhunter on August 10, 2016, 10:09:04 AM

i think you can use local bitcoin exchanger which you can found in your country and transfer that money into your bank account, or you can use paypal to receive money and then you withdraw your money in paypal into your bank account.

But how to prove to the bank that the money was earned legally?

You can show your transaction on paypal that will become a prove for the bank, and explaining to bank the money are come from selling bitcoin to paypal. I think it is simple way for explaining to the bank.

If you think that you can explain bitcoin trading in a simple way that the bank will understand you have obviously never spoken to a bank manager about it before, trust me they are clueless.
They would have little time to listen to a story about 2 payment networks the don't earn them any fees.

Like just waste your time, I don't think they will hear your opinions for sure, they will never care about that and just think of reaching their target and I think the rules of the bank is saggy.

I don''t think it is a waste of time. It is certainly worth a try. But Op needs to do it before he transfer any funds.
Asking how certain bank feel about money obtained through bitcoin trading is pretty neutral thing to do IMO.
The most important fact is: How much money do you actually have? With large sum it can be problematic.

JeffBrad12

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Activity: 2954

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Quote from: bitkilo on August 27, 2016, 06:46:42 AM

Quote from: densuj on August 27, 2016, 05:28:25 AM

Quote from: relauan on August 10, 2016, 10:11:47 AM

Quote from: ethereumhunter on August 10, 2016, 10:09:04 AM

i think you can use local bitcoin exchanger which you can found in your country and transfer that money into your bank account, or you can use paypal to receive money and then you withdraw your money in paypal into your bank account.

But how to prove to the bank that the money was earned legally?

You can show your transaction on paypal that will become a prove for the bank, and explaining to bank the money are come from selling bitcoin to paypal. I think it is simple way for explaining to the bank.

If you think that you can explain bitcoin trading in a simple way that the bank will understand you have obviously never spoken to a bank manager about it before, trust me they are clueless.
They would have little time to listen to a story about 2 payment networks the don't earn them any fees.

Like just waste your time, I don't think they will hear your opinions for sure, they will never care about that and just think of reaching their target and I think the rules of the bank is saggy.

abugseuf

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in present time i think there is not present a direct method to withdraw bitcoins in to a bank account, i personally first convert bitcoin into US Dollar and after that using okpay in withdraw my bitcoin's income through bank.

ImHash

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Wait a second how do you want to withdraw bitcoins into a bank account?
Which bank accepts bitcoins to begin with?
And you can never really prove to anyone where you got your bitcoins whether legally or otherwise.

Topic: Withdraw Bitcoins to a bank account - page 2. (Read 5036 times)