Withdraw Bitcoins to a bank account - page 3.

Qunenin

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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 .

satmas

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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!

There is no way to confirm where the user got the bitcoins(although I could tell you that bitcoin's actual origins is from mining) if that's what you are asking. You can use localbitcoins, paxful(there's a scam accusation against them), coinbase, snapcard, etc.

0day

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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.

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.

bitkilo

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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.

PremiumCodeX

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The origin of the money will be the person whom you will deal with. You can find a person to exchange with at localbitcoins site. A problem could be if the person tried to scam you or there was a slippage in the market. To avoid these, check the person's reputation on localbitcoins, split the transaction into smaller exchanges ( at least smaller than the biggest exchange the person had in the past ) and cover an interval of time with them. I suggest meeting the person face to face and exchange at place, but if that is not possible, use a trusted escrow from localbitcoins, at least. Since he is near you, he should have a bank account in the same country as you ( Switzerland ). Good luck on you!

densuj

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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.

bitkilo

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Quote from: traderethereum on August 24, 2016, 06:57:57 AM

Quote from: outatime1 on August 11, 2016, 11:13:38 AM

I would suggest selling for cash if you can. If you have localbitcoins in your area, that may be the best option for you.

its a good idea to have localbitcoins in our area, because it would be easy and fast to exchange our bitcoin into real money. i am sure there are many localbitcoin available on your area.

Localbitcoins just always seems so over priced, most of the time you can expect to pay about a 10% premium over market rate.
Easier just getting an account on a site like Counbase, Circle or Coinjar depending on what country you are in.
If you do use one of those services just remember to move your coins at the end of the day to an address that you have the private keys to.

SANALIU

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the best zone europa, support sepa bank
and the best volume transaction from pair euro is kraken
you can try in there, sepa bank low fee until zero fee is compare wire transfer,
or is choose your country you can try localbitcoin dot com

1Referee

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Quote from: ashiqdey on August 25, 2016, 01:29:28 PM

I have better option then this. I sell my bitcoin to local trader and he pays me profit. But if i do this from website then they will surely cut bitcoin as transaction fee or what ever. So my way is super cool because instead of lossing i get profit... yaaahhooo

With profit you mean that the trader in question pays you an above the market rate for your coins? If so, then it's is great, but usually when you withdraw coins to your bank account, the fees are minimal/not worthy of mentioning. At least, that's the case here.

Also, the problem of dealing in personal is that you can face someone with bad intentions. Another note is that not everyone is willing to do this as they want to hide the fact that they are buying or selling Bitcoin in their local area, especially with large amounts.

ashiqdey

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I have better option then this. I sell my bitcoin to local trader and he pays me profit. But if i do this from website then they will surely cut bitcoin as transaction fee or what ever. So my way is super cool because instead of lossing i get profit... yaaahhooo

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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!

Haven't experienced this one but I am withdrawing my bitcoin through a bank also. From a website wallet then to an ATM machine. I think it is not really the bank that is responsible but just the wallet site.

TRF

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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!

How is gone at the end? Have you withdraw your BTC? What service you used?

Golftech

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it easy to withdraw bitcoin here using the option of sending it to my bank accounts, just using coins.ph and then withdraw it from there mate, no issue and no hassle.

traderethereum

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Quote from: outatime1 on August 11, 2016, 11:13:38 AM

I would suggest selling for cash if you can. If you have localbitcoins in your area, that may be the best option for you.

its a good idea to have localbitcoins in our area, because it would be easy and fast to exchange our bitcoin into real money. i am sure there are many localbitcoin available on your area.

Dudeperfect

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Yesterday, I withdrawn few bitcoins (less than $50) in bank account in India and I used localbitcoins. I am not sure that it’s allowed in your jurisdiction or not but I don’t think there will be any major issue if you are going to deal with smaller amounts. You would have no problem if you maintain transparency in origin of funds (or say legality of origin of funds). You can even sell bitcoins here on bitcointalk and keep payment option as international wire transfer.

eternalgloom

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Quote from: garundang on August 19, 2016, 12:24:49 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!

Well only way to do that is to sell bitcoins to someone else i think, or use coinbase

No, there a a lot of different exchanges and services that will let you exchange your Bitcoins for fiat and deposit the money to your bank account.
And I would advice against using Coinbase.

garundang

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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!

Well only way to do that is to sell bitcoins to someone else i think, or use coinbase

xIIImaL

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Quote from: nejibens on August 17, 2016, 08:41:00 PM

You can withdraw your bitcoins first to ewallet like Payza, Perfect money or Neteller, which support Bitcoin, and then you withdraw your money from this ewallet to your banking account

I agree this will okay to show the proof of income to bank people, I didn't use to it but in future sure I will use bitcoins to change to bank account. As of now I am having btc atm card swipe for money When I need it...

nejibens

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You can withdraw your bitcoins first to ewallet like Payza, Perfect money or Neteller, which support Bitcoin, and then you withdraw your money from this ewallet to your banking account

0day

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At the time when I was going to withdraw my money to my bank account, they ask for a source of income, I just gave them the link of this website that how we earn here and also I gave my link to my official facebook page where I sell my different stuffs, and they accepted that .

Topic: Withdraw Bitcoins to a bank account - page 3. (Read 5036 times)