Withdraw Bitcoins to a bank account - page 4.

xIIImaL

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Quote from: hawkins on August 11, 2016, 12:18:17 PM

localbitcoin always be the best option to redeem bitcoin do you have an account directly into your bank account. but I rarely do that. The easiest thing for me to redeem bitcoin into money in a short time is to replace it with one of my friends who are in need bitcoin or working into bitcoin exchange. Well, I have some friends like that, so it was very easy.

Exactly i agree, I have done my first transaction from bitcoin to fiat is by localbitcoins only. At present i am using bitcoin ATM card. Why I am using this because It will reduce the exchange charge and trade fees i can with draw Whenever i need But Now in need of money. praying to god to get my lending money soon to me...

hawkins

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localbitcoin always be the best option to redeem bitcoin do you have an account directly into your bank account. but I rarely do that. The easiest thing for me to redeem bitcoin into money in a short time is to replace it with one of my friends who are in need bitcoin or working into bitcoin exchange. Well, I have some friends like that, so it was very easy.

outatime1

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

eternalgloom

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

Quote from: ethereumhunter on August 10, 2016, 11:09:04 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?

Wanted to come back to this. Why would you need to prove to a Swiss bank that the money was earned legally?
Didn't know this was required.

iqlimasyadiqa

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you can try to make withdrawals from the local exchange in your country. The following list of exchange that can make withdrawals to your country's currency : https://localbitcoins.com/country/SE

Zoomer

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You can maybe deposit them to spectrocoin and then exchange to fiat currency and whitdraw them to your bank
Or you could load them on some VCC load them to skrill or virwox and whitdraw to your bank no escrow hassle and quick as well

JeffBrad12

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

Quote from: ethereumhunter on August 10, 2016, 11:09:04 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?

That's suggestion is good but better for you to contacting the users in your local bitcoin for buying for personally, like me, I have someone is trusted with him and I'm always selling my bitcoin for him and the amount of local currency I got in my bank account is purely legal.

danfoda

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Quote from: relauan on August 10, 2016, 11:03:46 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!

You can use localbitcoins to sell your bitcoins.

Cast12

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You can use localbitcoins to find a reputable trader near you, but I don't think that there's a way to prove where someone got the bitcoin.

bitkilo

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Quote from: Mark02 on August 10, 2016, 04:42:19 PM

Quote from: romero121 on August 10, 2016, 02:37:31 PM

Withdrawal of bitcoin to bank account is impossible, but users can make use of several trading websites and exchange the bitcoin to required form of fiat with much ease.

No it isn't. Actually I just made a transaction using bitcoin withdrawn in a bank account. Well maybe it is because the wallet that I'm using. See pictures for proof.

http://imgur.com/ejvOOCv

I think Paypal is also connected with bank accounts right ? So maybe you can exchange BTC/USD using Paypal hen you can cashout thru that. Don't know yet because I do not have Paypal account.

Yes you may have sent some bitcoins to be transferred into fiat so you can withdraw them from your bank but the bank itself did not buy those bitcoins, there would of had to been a 3rd party company that exchanged those coins to fiat then sent them to your bank account.

I don't know of any banks that buy bitcoins, the bank would need to have a btc address for you to send the funds to.

anama

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Much exchanger support withdraw to bank transfer or transfer wire
if you stay in europa in switzerland
iam recomended in kraken and bitstamp
another exchanger you can use huobi reputable exchanger and high volume transactio
coinbase is good too recomendation

Mark02

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Quote from: romero121 on August 10, 2016, 02:37:31 PM

Withdrawal of bitcoin to bank account is impossible, but users can make use of several trading websites and exchange the bitcoin to required form of fiat with much ease.

No it isn't. Actually I just made a transaction using bitcoin withdrawn in a bank account. Well maybe it is because the wallet that I'm using. See pictures for proof.

http://imgur.com/ejvOOCv

I think Paypal is also connected with bank accounts right ? So maybe you can exchange BTC/USD using Paypal hen you can cashout thru that. Don't know yet because I do not have Paypal account.

romero121

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Withdrawal of bitcoin to bank account is impossible, but users can make use of several trading websites and exchange the bitcoin to required form of fiat with much ease.

crairezx20

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Quote from: jak3 on August 10, 2016, 02:26:03 PM

i will advice use localbitcoin site for exchanging your coins and also be alert only trade with traders who has 100% trust level and had traded big amounts without any flaws

I never tried that localbitcoin i use perfect money to deposit and withdraw my bitcoin because they have many business partner like changer com they are offering small rate than the other.. the problem of depositing you need visa because you depost via western union or withdraw using that remitance.. but the hard thing it takes a long time..

jak3

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i will advice use localbitcoin site for exchanging your coins and also be alert only trade with traders who has 100% trust level and had traded big amounts without any flaws

n691309

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Quote from: relauan on August 10, 2016, 11:03:46 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 did you earned these bitcoin? If you can tell the same to those who will ask you then its ok, if not then you can say that you worked online for a company and offered x service and they send me more as a gift or something like this. You can order also bitcoin debit cards and withdraw them!

nejibens

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Better to exchange your bitcoins into fiat and then send it to your banking account from your ewallet. There is a lot of ewallets supporting Bitcoin like Payza, Neteller..

Ardenyham

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Hello OP.. I know one wallet site, called "Spectrocoin.com" it has a feature to withdraw bitcoins to bank accounts. I myself just used the wallet of spectrocoin and don't know how the withdraw system works. but you may take a look here. the site is seems legit over all. it may help you to cashout your bitcoins to bank account. you need to verify your account BTW for this process.

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

Quote from: ethereumhunter on August 10, 2016, 11:09:04 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?

do banks in your country ask for proofs?? that mean I am very lucky that our banks never ask us from where we get these money? lolzz.. and we can add any amount of money in our banks.
well, if bitcoin is illegal then you should not prefer to store them in banks. better keep them in bitcoin wallets,

gentlemand

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Quote from: relauan on August 10, 2016, 11:36:33 AM

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

where did your bitcoins come from? if you bought them on an exchange then show them the records, that's if they care enough. if you got them all from selling heroin then that's best kept to yourself.

relauan

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Quote from: tiggytomb on August 10, 2016, 11:26:10 AM

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

Quote from: ethereumhunter on August 10, 2016, 11:09:04 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?

Suppose it would depend on how much is being deposited before they ask any questions, if it is a large amount then it might raise some eyebrows.

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

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