CryptoCoinsInfoClub.com

Bank Accounts That Accept Bitcoin

Which Banks Accept Bitcoin? Get The List | Banks.com

Which Banks Accept Bitcoin? Get The List | Banks.com

Know Which Banks Accept Bitcoin, Get The Complete List Home Articles Cryptocurrency Know Which Banks Accept Bitcoin, Get The Complete List The recent rash of banks announcing that they would stop accepting credit card transactions for bitcoin purchases has created a stir in the altcoin sphere. Capital One is currently declining credit card transactions to purchase cryptocurrency due to the limited mainstream acceptance and the elevated risks of fraud, loss, and volatility inherent in the cryptocurrency market, a Capital One spokesperson told Breitbart News recently. For years, customers have complained about banks covertly denying altcoin credit card purchases. However, the recent announcements represent the first significant industry position toward altcoins. Thisposition leaves investors questioning why it happened the way it did, which banks still allow credit card purchasing of altcoins, and if it is even wise to buy altcoins with a credit card in the first place. To start, it shouldbe said thatmany banks dont understand bitcoin. Banks view bitcoin and altcoins as industry disruptors, a potential market anchor, or both. Some in the banking industry have openly stated their dismissal of the digital currencies. The recent volatility in the bitcoin market, where a prolonged price correction drove down the coin price by more than 50 percent, gave the banks cover to impose new regulations on bitcoin. Bitcoin purchasing by credit card comes with added risk for financial institutions as the high volatility means that it is possible that purchases can be made that may not have enough future value to satisfy the repayment requirement. Before the credit card shutdown, the banks have indicated that they would make it more difficult to use a credit card to make altcoin purchas Continue reading >>

What Banks Do Accept Bitcoin? - Updated 2017

What Banks Do Accept Bitcoin? - Updated 2017

Get a free valuation to better understand your business's value & position yourself for acquisition. Wow! I can see why there are so many answers that are probably not answering the question in the way in which you asked. I can see how there can many interpretations as to the way that you worded it. Are you really trying to find out which banks are Bitcoin friendly? First of all, you all that have answered so far gave some really good insight on Bitcoin, but that does not answer the authors question (If I am understanding the question correctly). I know that this is an old post, but I am sure that someone else will still have this same question. In that case, I will give my best attempt to answer the question that was asked. I think that the people that have so far answered your question didnt realize at the time of posting their answers didnt realize that banks are actually allergic to Bitcoin. What do I mean by that? Well Before you do any kind of serious trading or transactions with Bitcoin, you must first have some things in place. For instance, you must have an anti money laundering agreement in place. People think that profits from Bitcoin is tax free. The IRS doesnt see it that way. Bitcoin profits are taxed as capital gains. So if youre going to do any kind of significant volume using a bank as a middle man, you have to have things in order, or else, they will shut your account down and you may even see a negative balance. Bank of America is notorious for shutting down accounts! To get a good idea about which banks are most Bitcoin friendly, I suggest that you visit Bitcoin News, Blockchain News, Prices, Charts & Analysis - CoinDesk and inquire within the community. I also recommend Paxful and their website is: Buy bitcoin instantly where there are over 300 way Continue reading >>

The First Real Bitcoin Bank | The Best Deposit Accounts In Cryptocurrency

The First Real Bitcoin Bank | The Best Deposit Accounts In Cryptocurrency

Bitcoin Crypto Bank is legally certified to provide global Bitcoin investment platform. We are the key to your success, by investing your idle Bitcoins in our platform, you can earn huge profits. Bitcoin Crypto Bank is fully secured environment, join our fully secure environment to start earning very high profits. Bitcoin Crypto Bank is a privately owned company operating on the Bitcoin trade market. Founded in 2014and managed over $3 million for institutional investors which is now open to worldwide individual investors.These funds are managed by a team of Bitcoin Crypto Bank investment experts.Given the advancement in technology it has become extremely difficult to profit from mispricing in the market. Many traders have computerized trading systems set to monitor fluctuations in similar financial instruments. Any inefficient pricing setups are usually acted upon quickly and the opportunity is often eliminated in a matter of seconds. Bitcoin is becoming more and more popular every day. You heard about it on the radio, you saw it on television and you finally decided to buy some Bitcoins. The question that you may be asking yourself now is, What can I do with Bitcoins? Well, you have a few options. You can buy things online and offline, just like you can with any other currency. Many virtual and physical stores are now accepting Bitcoins and more pop up every day.You can save it in your Bitcoin wallet for safe keeping or a rainy day. Bitcoin is great for saving because there are no banks involved. You are you own bank, banker and customer. However, there is a third option, you can depositit. Bitcoin is a currency and you can deposit it as such. Think about it, when you have spare money in the bank, what is the best thing to do with it to make it grow. Invest it! Bitcoi Continue reading >>

Secure A Bitcoin Bank Account | Bankline

Secure A Bitcoin Bank Account | Bankline

Cryptocurrency reached its all-time high aggregate value of $184 billion in October 2017. Bitcoin bolstered this record by shooting above $6,500 (Bitcoin was valued at around $1,000 at the start of 2017). Bitcoins market cap, or the price per coin multiplied by the number of coins in circulation, reached another record high of just under $110 billion. As cryptocurrency climbs in value and individuals recognize its benefits, demand for bitcoin banking is increasing. Bitcoin was born in January 2009 when a person or group using the pseudonym Satoshi Nakamoto released the open-source software and mined the first coins. Bitcoin is a decentralized currency that circumvents the traditional central banking system and government regulation. Bitcoin is a digital asset that uses cryptography to function as a means of exchange. Each coin serves as a link in a blockchain. Every transaction builds on the previous one and is verified by network nodes before being recorded in the public ledger, known as a blockchain. The bitcoin itself is the reward for the process of verifying transactions and adding them to the public ledger, known as mining. The first bitcoin transaction took place the day the software was released. Hal Finney downloaded the software and Nakamoto gave him 10 bitcoins in exchange. Its impossible to say exactly how many people own bitcoin at a given time since transactions happen through bitcoin wallets. One person may own several wallets or a single wallet may be shared by multiple people. Wallets act as a personal bitcoin bank account of sorts and are only accessible by the owner. A public key is used for the exchange of bitcoin. Coindesk estimates that there were 14 million bitcoin wallets in use in 2016. Bitcoins (BTC on tickers) can be exchanged for other curre Continue reading >>

How To Send Bitcoin To Any Bank Account And Cash Out Ico Proceeds

How To Send Bitcoin To Any Bank Account And Cash Out Ico Proceeds

How to send bitcoin to any bank account and cash out ICO proceeds While more and more Initial Coin Offerings (ICOs) emerge these days, the recently funded companies face the very obstacle that has haunted the Blockchain industry since the start cashing out cryptocurrencies into a bank account. We built Bitwala in the heart of the German Blockchain community in 2015 to solve this very problem in a smooth and secure way. In this blog, we talk about how companies can focus more on making their roadmaps come true and less on worrying about cashing out crypto. Whether a recent ICO or an established crypto business it can be very frustrating for crypto companies to transfer their hard-earned cryptocurrencies into fiat currency. We know this because weve run into the same problem as a crypto business ourselves. Collecting and securing funds during an ICO Most companies doing ICOs collect their funds in Bitcoin, Ethereum, Litecoin and also in traditional fiat currencies like the Euro or US Dollar. Cryptocurrencies that are collected are then usually converted and cashed out into a fiat currency of choice. At the time of writing, the total amount of money raised from ICOs has reached over $3.45 billion , from a total of 211 ICOs that took place this year. Regardless of the amount collected in crypto, you will be faced with making settlements in fiat currency, be it to your legal team, rent, other third parties or even those late night pizza deliveries. While there are smart contracts, advertising and legal firms which accept payments in Bitcoin or other cryptocurrencies, for example, most third parties, not to mention probably your own employees, demand payment in local currencies. As a newly funded crypto company looking to send bitcoin to your bank account, you will encounter Continue reading >>

Hong Kongs Bitcoin Businesses Suffer After Local Bank Accounts Frozen

Hong Kongs Bitcoin Businesses Suffer After Local Bank Accounts Frozen

Hong Kongs bitcoin businesses suffer after local bank accounts frozen Companies say they have had to go to foreign banks after disruption Hong Kongs bitcoin entrepreneurs say they have been forced to open bank accounts overseas to operate their businesses, after local banks froze or closed their accounts, threatening the citys push to become a fintech hub. Staff at Hong Kong-based cryptocurrency exchange Gatecoin which allow customers to exchange their digital money for fiat currency were left perplexed after they received a phone call from a Hang Seng Bank representative on September 15, where they held a company bank account, and were told their account was suspended without a detailed explanation. It was a major disruption to our business, Gatecoin marketing head Thomas Glucksmann said. We had just tripled our customer base in a two to three month period, the price of bitcoin was rallying, the amount of money clients were depositing was increasing the timing couldnt have been worse. Bitcoins fabulous rise ... will eventually end in tears While the company has had its accounts frozen with other banks before, this was first time it was suspended without prior notice, he added. Soon after, Gatecoins backup account with Fubon Bank was imposed with a daily transaction limit that was significantly below their needs, effectively shutting down the account. One of bitcoins mission statements is to depart from the traditional banking system. But ironically, without a local bank account, new bitcoin buyers cannot purchase the digital currency. Glucksmann said the company strived to be the most anti-money-laundering (AML) compliant, strict and transparent exchangewith its banking partners, only for their efforts to be fruitless. Weve been very much in favour of enforcing strict Continue reading >>

Digital Bank Accepting Bitcoin Deposits - Business.com

Digital Bank Accepting Bitcoin Deposits - Business.com

Related Article: Gold Rush 2.0: Is Gold the Missing Link in Bitcoin's Economy? Digital Bank WB21 is the first financial institution offering bitcoin acceptance and therefore provides an extreme shortcut for the conversion process of turning bitcoin into cash. More than 650,000 customers have experienced the real time set up process, of a checking account over the Internet or by using WB21s mobile app. Once you login to your account, you will find the option to use bitcoin to deposit money intoyour account. The bitcoins can be sold and the funds will get credited instantly to your WB21 account in any of the 18 currencies WB21 is offering. The goal is to make it easy. Bitcoin has been something of a shadow currency in that its difficult to buy and sell it. A lot of currency providers are shady and the only way to actually pay for them is to use a roundabout route, such as through purchasing Half-Life Lingots via PayPal. This accessibility challenge is one of the reasons why Bitcoin hasnt been adopted at a faster rate. Related Article: Payments Suck: Breaking Down the Current Landscape of Payment Processing Banks arent going to be able to avoid the existence of Bitcoin forever. Sooner or later they are going to have to accept the virtual currency as a form of payment because of market pressures. Banking is extremely competitive and once one bank does something the others have to follow or they risk losing customers. Banking has a lot to gain through adopting virtual currency because it embraces the needs of the modern world. Ultimately, it will help their bottom line; although they will undoubtedly want to implement strict controls to stop it from taking over from cash. WB21's founder and CEO Michael Gastauer explained the company's reasons for adopting bitcoin payments p Continue reading >>

Bitpay Get Started With Bitcoin Payments

Bitpay Get Started With Bitcoin Payments

Accept bitcoin payments for your business Use BitPay's retail, ecommerce, billing, and donation tools to accept payments from customers anywhere on earth. Receive settlement for bitcoin payments directly to your bank account in your own currency, with zero price volatility or risk. Manage your bitcoin finances in one app with the secure, open source wallet by BitPay. Available for all major mobile and desktop platforms. Turn bitcoin into dollars and spend anywhere The BitPay Card lets you load dollars anywhere using any bitcoin wallet. Get instant withdrawals from Visa compatible ATMs and spend with any Visa merchant. Continue reading >>

10 Payment Apis: Accept Credit Cards, Bank Accounts, Bitcoin, And More

10 Payment Apis: Accept Credit Cards, Bank Accounts, Bitcoin, And More

10 Payment APIs: Accept Credit Cards, Bank Accounts, BitCoin, and More For the longest time, if you wanted to make or receive payments on the web, PayPal was the only option you had. Back then, the process wasnt necessarily as user-friendly as it is today but they did simplify how users could transfer money. Now, there are various options for taking and issuing payments online. And, thanks to that competitive element, these providers are in a race to offer more and more functionality. In many cases, that includes APIs that are capable of doing some really interesting things. If you are in the market for a payment API, this is a good place to start. Below, well be providing an overview of some of the APIs out there for integrating payment options like bank accounts, credit cards, and cryptocurrencies into your applications. Well briefly review the functionality of their APIs and their unique focuses. Broadly speaking, the payment processors around today fall into one of three categories: digital payments, card processing and direct (i.e. cardless) payments. Its true that theres some overlap between these categories, but that doesnt change the fact that these products are built with particular goals in mind. As a result, their APIs perform in different ways. Before moving ahead with any payment API, youll want to think about what you need from the service. Consider how youll be accepting payments, where your customers are located and whether or not youll be taking any recurring payments. All of this will have a significant impact on suitable payment APIs. Without further ado, lets take a look at some of the top payment APIs on the market right now: Accept PayPal and cards with their REST API With APIs in place to handle everything from billing agreements and payments to Continue reading >>

11 Ways To Buy Bitcoin With Bank Account Or Bank Transfer

11 Ways To Buy Bitcoin With Bank Account Or Bank Transfer

Coinbase is the world's largest bitcoin broker. In the United States you can buy bitcoin with a connected bank account via ACH bank transfer. In Europe you can buy with your bank account via SEPA transfer. Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. Coinbase charges a flat 1.49% fee on all transactions. Americans may add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer. Continue reading >>

This Needs To Happen To Keep Bitcoin Boom Going: Bank Of America

This Needs To Happen To Keep Bitcoin Boom Going: Bank Of America

Bitcoin still faces many challenges in becoming a globally accepted currency, Bank of America Merrill Lynch's commodity and derivatives strategist Francisco Blanch said in a sweeping Monday report comparing digital currencies' growth to that of gold, silver and even salt in ancient times. "A crucial hurdle" for bitcoin is whether major financial institutions will accept the digital currency as collateral, said Blanch, who is considered by many to be one of the best commodity analysts on Wall Street. "But we are not aware of any major institution that takes cryptocurrency as collateral at the moment." The report is one of a handful from major Wall Street firms and strategists that have recently warmed to bitcoin for its potential as an investment product. The digital currency briefly tripled in value this year, rising from below $1,000 to $3,000 in June. Bitcoin traded near $2,800 Monday. Beginning with salt in ancient times, Blanch noted how practical needs and new discoveries have led to the development of new currencies: 1. Salt was "once mined and treasured in the ancient world." 2. But salt and other commodity-backed currencies often proved impractical and not durable enough, so governments began making coins with metals such as gold and copper. 3. The Spanish discovered large silver deposits in Bolivia in the 16th-century, leading to nearly 400 years of trade dominated by silver dollars. 4. Carrying around large amounts of gold and silver wasn't ideal either, so the world started to move to paper money in the last 200 years. 5. Paper money created huge waves of price increases and declines along with the business cycle. Today, most countries' currencies rely on "full faith of the issuing government" that central banks will comply with their mandate not to let infl Continue reading >>

Does Any Bank Accept Bitcoin?

Does Any Bank Accept Bitcoin?

I believe no banks have yet accepted Bitcoins to credit our account atleast in my country. Rather countries like china and Russia have put up a ban on converting BTC into their native currency by depositing into their bank accounts . But maybe in near future banks would accept BTC inorder to survive, I believe that BTC would dominate the financial world , after global acceptance people would not require banks to handle their earnings. But yes banks can form new sets of rules and regulations that would be more user friendly and would give more privacy to provide even more security to our wallets . Quote from: nagatraju on November 03, 2017, 12:45:19 PM bitcoin still needs a little time to get to it's feet ... then the banks will compete to cooperate with bitcoin maybe ... it will surely fill the entire planet in the future, but now, it's probably early to talk about it ... there is not enough people use it and in general know what it is ... and as is known demand creates supply That would be a very long time, if the bank wants to accept bitcoin, governments will need to take measures to deal with issues surrounding bitcoin, such as money laundering, tax evasion, most importantly they need to control bitcoin, control of transactions to bitcoin does not adversely affect the economy. Now many banks still want to accept the bitcoin, but they can not break the law, the government is still too strict in management, however, I also believe that someday, when issues are resolved, the bank will accept bitcoin and help the bitcoin grow stronger. Quote from: Dr.Osh on November 09, 2017, 09:34:11 AM well, to my knowledge also does not exist. but it would be great if any bank accepted bitcoin as one of the investment tools. well, I'm sure, someday the bank will receive bitcoin. well Continue reading >>

Bitcoin: Best Offshore Bank Account - Capital & Conflict

Bitcoin: Best Offshore Bank Account - Capital & Conflict

Bitcoin is the Best Offshore Bank Account It took me a month to open a bank account in the UK thanks to terror-related financial regulation. In the end I opened a very basic account, got the branch to print the bank statement, walked out of the bank and then walked back into the bank to get a proper account with my freshly printed proof of address before the ink dried. Then the banker implied to lie extensively about information like my income and assets for the opening of my new account because international information wasnt valid. In Australia opening an account takes less than five minutes for anyone with a passport. No matter where you are, transferring money costs a fortune thanks to all the checks the banks must go through to examine whether youre secretly funding Al-Qaeda. Accountants and lawyers are making a fortune out of ordinary customers who need to satisfy the government theyre not paying for an AK-47. As the financial repression gets worse, more and more people want out of the stupid system. They want to secure their wealth outside the jurisdiction of politicians gone wild. Its not just terrorism related, of course. In the guise of preventing terror, governments will get access to vast amounts of information about you. Once they have the information, you can become a target of any new policies. For example, banks dealing with Americans must notify the American tax authorities if they suspect acustomer of evading tax. And they must know their customers affairs in such detail that suspicion is a very low bar. Many international banks rejected their American customers because of these laws. But in the end such laws are likely to go global. Once banks make it their business to know your affairs, and theyre required to report any discrepancies to the governme Continue reading >>

Swiss Private Bank Accepts Bitcoin

Swiss Private Bank Accepts Bitcoin

Bitcoins have taken a step towards acceptance by the Swiss banking community - Click to enlarge Swiss private bank Falcon has become the first mainstream wealth manager in the country to allow clients to invest bitcoins in their portfolios. The Zurich-based bank has been given the green light to accept the cryptocurrency by the Swiss financial regulator. Falcon has teamed up with cryptocurrency brokerage Bitcoin Suisse to offer the service. With the value of bitcoin and other cryptocurrencies soaring in recent months, the bank said it was responding to demand from clients. It has also installed a bitcoin ATM at its Zurich HQ. One bitcoin was was trading at around $650 a year ago, but the price for the cryptocurrency currently stands at nearly $2,400 (CHF2,300). News of spectacular gains in a number of cryptocurrencies has sparked widespread interest in a financial asset that has been declared dead and buried on numerous occasions. Lucas Betschart, President of Bitcoin Association Switzerland, believes the value of bitcoin will continue to rise in the long-term despite at times extreme volatility in the market. The combined worth of bitcoin globally stands at around $40 billion. Im not aware of any other bank where you can hold bitcoins, Betschart told swissinfo.ch. This will allow people without technical know-how to hold bitcoins in a secure way. Hopefully it will send a signal to other banks in Switzerland. The mainstream banking community has not always welcomed cryptocurrencies with open arms. The decentralised blockchain technology on which it operates is viewed as a rival to the financial system. Tracking flows of cryptocurrencies on blockchain is relatively simple, but it is not so easy to identify the identities of traders. This has led to concerns about such d Continue reading >>

Buy Bitcoin Using Your Bank Account | Top 10 Exchanges For You

Buy Bitcoin Using Your Bank Account | Top 10 Exchanges For You

Bitcoin is a cryptocurrency that exists digitally and therefore cannot be centralized or be controlled by world governments. As the leading cryptocurrency, Bitcoin value makes it very attractive to investors and this scenario forces exchange and trading sites to continuously offer a range of buying methods. Furthermore, there is an increasingly a large number of people who would like to buy cryptocurrency, specifically Bitcoin, but lack access to payment methods like credit/debit card. For such a group, I recommend buying Bitcoin with a bank account. Where can you buy bitcoins with a bank account? This really depends on where you live. As such, there are several exchange sites that offer this service around the world. Step-by-step guide to buying Bitcoin with Bank Account You can buy Bitcoin with your bank account in these simple steps. Login your account/ bitcoin wallet at the site Select payment method as Bank transfer (ACH, SWIFT, SEPA) etc. Enter amount to pay- complete the details as required Confirm: your bitcoins will be sent to your bitcoin wallet Sites that support Bitcoin buy with Bank Account Coinbase is one of the leading cryptocurrency brokerage sites in the world. You can buy bitcoin with bank account: In the US- through ACH transfer which can take up to 5 days In Europe- buying bitcoin with a bank through SEPA wire transfer that can take up to 2 days. Apart from bank transfer, you can also use credit/debit card. CEX.IO is a convenient and reputable exchange with a good customer support team. The site offers four types of accounts that are different in terms of fees, trading limitations, and buying methods. It allows you to buy bitcoin with bank transfer. Fees per transaction- 2% flat rate fee on all bank transfers. Privacy- low privacy (all accounts are Continue reading >>

More in cryptocurrency