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How To Sell Your Bitcoins From Your Blockchain Wallet - Coinify

How To Sell Your Bitcoins From Your Blockchain Wallet - Coinify

How to sell your Bitcoins from your Blockchain wallet Posted by Coinify on 20 December 2017 12:37 PM You can sell your Bitcoins easily and directly to Coinify from your Blockchain wallet by creating a sell order for which you will receive a payout in the FIAT currency of your choosing. To create a sell order, after logging in to your wallet, you must: Enter the amount of Bitcoins you want to sell or the amount of FIAT currency you would like to receive (Note: make sure to choose the same currency as your bank account) Enter your bank account details - make sure the bank account used is in your name and that the details are correct and complete* Enter the account holders full name and address Check the details of your order. Once youre ready, accept the terms and conditions of the trade and click on Place sell order Bitcoins will be automatically sent to Coinify and you will see a receipt of your sell order (note that the BTC transaction needs to be confirmed and received within 15min) How long does it take to complete a sell order? If the Bitcoin transaction of your sell order is confirmed on time, your order will appear in our system as being ready to be processed. After this point, it takes up to 1 (one) business day to complete your sell order - i.e. completing a sell order means sending the bank transfer to your account. There can be a couple of reasons for which your sell order was not completed: The Bitcoin transaction was not confirmed in time: in this case, our system will send you an email with instructions on how to get your Bitcoins back. Additional compliance checks in relation to your order: for payouts of high amounts we have to conduct compliance checks on the trader. We will send you an email to which you will need to respond or perform an action. If yo Continue reading >>

Bitcoin Businesses Face Bank Account Closures In Singapore

Bitcoin Businesses Face Bank Account Closures In Singapore

Bitcoin Businesses Face Bank Account Closures in Singapore Sep 26, 2017 at 13:00 UTC|UpdatedSep 26, 2017 at 13:32 UTC Banks in Singapore are reportedly moving to close accounts tied to a number of cryptocurrency firms. According to a report by Bloomberg today, as many as 10 companies have reported issues in recent weeks. Anson Zeall, head of Singapore's cryptocurrency and blockchain industry association, ACCESS, supported the claim, stating the closures remain unexplained by the banks. Further, heurgedthe country's authorities to take a stance on the matter. "We would urge Singapore to take a leadership role and demonstrate how to come to an effective resolution among all parties," Zeall said. However, any support may not be forthcoming. The Monetary Authority of Singapore (MAS), the country's central bank, told Bloomberg that it doesn't interfere with commercial decisions taken by individual banks. The central bank added it was the responsibility of the banks in question to establish operational protocols to ensure they comply with fraud protection and customer due-diligence laws. CoinHako, a Singapore-based cryptocurrency provider announced the closure of its DBS Bank account in a blog post . While it did not state a reason for the bank's decision, it said:"Regulations and the exact role of the blockchain in society continues to present as a grey area to everyone." The exchange told customers it will not be ableto process Singapore dollar deposits and withdrawals until a new bank account can be opened - a process it expects to take several weeks. The account closures come soon after the MAS issued a release stating that digital tokens, distinguished from cryptocurrencies, may be classified as securities. The release was followed by another statement which warned cust 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 >>

Withdraw Bitcoin From Blockchain - Instant Bitcoin Price

Withdraw Bitcoin From Blockchain - Instant Bitcoin Price

Instant Price and Withdraw Bitcoin from Blockchain You are lucky, if you got any amount of bitcoin into your blockchain wallet, Blockchain is secure wallet providing company, it is really good place to store your BTC funds. May be your friend or client has sent bitcoin to your blockchain account. Now you can withdraw bitcoin from blockchain to bank account any where you want. You can withdraw Bitcoin from blockchain to Bank account, paypal account, western union US dollars, Skrill neteller payoneer account webmoney perfect money through automatic exchange system. Keep in mind, Blockchain do not offer direct withdrawal to your account. You need to get services of any trusted BTC exchanger like Bitcoinscashout.com We are most trusted fully automated Bitcoin instant exchange network, you need to login to our website, select amount that you want to withdraw, then provide your account detail where you want to receive your money. you can see high possible exchange rate available for you. it will lead you to the next page, you will detail of your order, Bitcoin Wallet address and QR code to send your bitcoin on that. Go to your blockchain account, send bitcoin to Bitcoinscashout.com provided wallet address or wallet address, Once your bitcoin received to our system, you will get confirmation email instantly. Now you have done all, you will get your money soon without any further delay into the provided account. This is most easy way to to exchange bitcoin for instant cash online Instant Bitcoin Price Transfer your Blockchain Balance to system and Get Cash Directly Continue reading >>

How Does Blockchain Money Transfer Work? - Bitcoin Wallet & Payment Cards

How Does Blockchain Money Transfer Work? - Bitcoin Wallet & Payment Cards

You may have heard of the terms blockchain technology and cryptocurrency and wondering how it fits together with bitcoin. Heres a quick and simplified definition: Blockchain is a public database (some describe it as a ledger) containing all transactional information Cryptocurrency is a type of digital currency i.e. digital cash There are currently several ways to send money using your bank, or with a money transfer services. Traditionally, when you transfer funds, money goes from one bank to another, and then to the recipients account. The bank acts as an intermediary for your transfer. Theyll have all your information (and often collect data about your spending habits), whether you like it or not. There are also money transfer services like Western Union and MoneyGram are less instant, you can pay with cash and both parties go to a retail location. You can also fund those transfers from your bank account or credit card however it may take several days, and youll be hit with extra fees. Venmo, PayPal, and Square Cash are some other third party services that act as an intermediary for your transfer. However, whichever the case, someones still holding onto your information. Heres an illustration of how blockchain money transfer works: Imagine that you want to send money to your cousin in Canada, Zach The new transaction is configured into a block and is shown online The new transaction block is sent to everyone in the network Everyone in the network helps validate the transaction to ensure it is accurate Once approved by the majority, the block is added to a chain of recorded transactions in a public ledger, the block is then added to the chain which provides a permanent, non-disputable and transparent record of the transaction To summarise, in this scenario, you and Zac Continue reading >>

Babb Bank Account Based Blockchain Mendrofa Medium

Babb Bank Account Based Blockchain Mendrofa Medium

The financial services industry is still ripe for radical disruption. The existing banking system is built on an outdated infrastructure which no longer serves the interest of its retail customers or the microeconomy as a whole. Based on decades-old technology, mainstream banking completely excludes a third of the global population and is very expensive for the other two thirds. Many energetic startup companies with bright ideas and ambitious plans have sought to better serve a segment of the unbanked, the underbanked or the underserved people of this world. For the most part, theyve attempted this using existing structures, templates, infrastructure and technologies. The progress made so far, by the fintech industry and financial inclusion initiatives, has been promising but limited. The Blockchain is a secure transaction ledger database that is shared by all entities participating in an established, distributed network of computers. It records and stores transactions transfers of information between entities within the network essentially eliminating the need for trusted and centralized third parties. This information can be digital currency, identity data, or any other type of structured data. BABB relies on a blockchain for many of its core services, which makes it a fundamental piece of technology. It serves multiple purposes, not just recording transactions, but also notarizing identity data and serving as a secure channel for sharing data across different participants in the network. The existing banking system is built on an outdated infrastructure which no longer serves the interest of its retail customers or the microeconomy as a whole. Individuals, freelancers and Small and Medium-sized Enterprises (SMEs) have always struggled to obtain affordable funding fr Continue reading >>

How To Withdraw Money From Bitcoin (blockchain.info) To Our Local Currency | Currencies - Quora

How To Withdraw Money From Bitcoin (blockchain.info) To Our Local Currency | Currencies - Quora

Sign up for an exchange that is licensed in your country Send the funds from your blockchain wallet to your exchange wallet If you're in the US, Coinbase is the most user-friendly. If you are asking this for India, then you have below 3 good choices at the moment. All you need to do is, create account in any one of the three. Transfer your bitcoin to your wallet address in the account you made. Sell the Bitcoins and receive money. Transfer the money back to your bank account. The answer to this would completely vary depending on which country you are and what the taxation laws are in the jurisdiction you are currently in. If the laws aren't too stringent, I strongly recommend you looking at to see if you can find a trusted individual that'd be interested in buying your Bitcoin. Make sure you look at the person's past trading record and buy with someone that has had 1000+ Trades in order to have a low risk of being scammed. Ensure you do not do this for large amounts as am sure your local authorities will scrutinize you for the same. If you are in a nation like India, I highly recommend Zebpay or Coinbase (for Americans). Tl:dr : It boils down to where you are from and the amount involved. Continue reading >>

How Blockchain Is Banking The Unbanked

How Blockchain Is Banking The Unbanked

Two billion people in the world still do not have a bank account. Blockchain could help integrating these people into society and the global economy. It may be hard to believe, but two billion people in the world still do not have a bank account. Most of them live in low and middle income emerging markets, but even in high-income countries, large numbers of people are unable to use banks to meet their day to day financial needs. This means they dont have access to the convenience, to security and to interest that banks provide. Moreover, many people have access to a bank account but do not have adequate access to the financial services that banks can provide. These people are known as the underbanked. Even in the United States, for example, 33.5 mln households were recognized in 2015 as unbanked or underbanked, over 25 percent of the population! Without access to savings and credit, these people cannot participate in the virtuous cycle of economic growth, instead of remaining in a vicious cycle of poverty. Clearly, the unbanked and underbanked together constitute a large market that is not well served by existing institutions. In the third world countries, large banks do not want to extend credit to the underbanked. Even when they do, they charge very high interest rates to offset the risk. For a time, microfinance institutions provided a way for the underbanked to access much-needed credit, but in recent years, large banks have begun to participate in microfinance. In the process, the interest charged on microfinance loans has increased significantly and become a major pain point for the unbanked. Blockchain technology has the potential to help the unbanked and underbanked by allowing them to create their own financial alternatives in an efficient, transparent and sca Continue reading >>

How Can I Withdraw Funds?

How Can I Withdraw Funds?

There are two options for withdrawing assets. For fiat currencies, we offer SWIFT; and for cryptocurrencies, we have Blockchain withdrawal. The SWIFT withdrawal processhas the following procedure: Tap anywhere except (+), selecting the currency On the pop-up screen, tap SWIFT under the Withdraw sign. Enter the amount that you would like to withdraw and fill in the bank account details for transfer. Verify all entered information for bank transfer and confirm the operation. Your request is sent to our Finance team for checking the bank account details and scheduling the transfer. When the transfer is sent from our bank, you receive the corresponding notification. Cashing out using the Blockchain can be made out to any address. Lykke clients can withdraw assets to their own external wallet. To cash out an asset, follow these steps: Tap anywhere except (+), selecting the currency. On the pop-up screen, tap Blockchain Transfer under the Withdraw sign. Paste the wallet address to which you would like to cash out the asset (or scan the QR code, or select the wallet if it is already added among your private wallets). Enter the amount that you would like to withdraw. In iOS, you can also swipe a currency from the main Trading Wallet screen to expose Withdraw functionality. Continue reading >>

Abn Amro Launches Blockchain Bank Accounts To Kill Escrow Accounts

Abn Amro Launches Blockchain Bank Accounts To Kill Escrow Accounts

ABN AMRO Launches Blockchain Bank Accounts to Kill Escrow Accounts Join our community of 10 000 traders on Hacked.com for just $39 per month. Dutch big four bank ABN AMRO has launched a new service wherein bank accounts are issued to individual clients via the blockchain, as alternatives to escrow accounts. ABN AMRO is shifting gears in its blockchain endeavor. The Amsterdam-based banking giant has announced a new service wherein individual client within non-bank organizations entrusted with client funds think brokers, notaries, exchanges etc. will directly connect with its clearing bank over a blockchain. Used by fund managers without banking licenses, escrow accounts see clients transfer funds into these accounts before the capital is accessed by the organization. The new blockchain product effectively negates the need for escrow accounts with the transfer of funds between the organization and clients included in the payment process. The bank contends its blockchain-based bank account with the ABN AMRO Clearing Bank (AACB) will dramatically cut down on administration costs for the organization by eliminating escrow account management costs. Amsterdam-based FinTech stock exchange operator Nxchange will become the banks first client to use the blockchain-based bank accounts. The exchange, which enables direct securities trading between companies and investors, will begin using the service this month. Nxchange chief executive Marleen Evertsz stated: The solution simplifies the way investors can invest in businesses and other issuers. Block chain technology also offers a wider future perspective to facilitate transactions in multiple asset categories in distributed networks. The launch comes after a number of blockchain R&D initiatives undertaken by the Dutch bank in rec Continue reading >>

Withdraw Bitcoins To Us Bank Account

Withdraw Bitcoins To Us Bank Account

Exkash.com is one of the leading Bitcoin exchange network, registered company in United States, Providing services all over the world. Here you can exchange Bitcoin to Bank of America Account, Bitcoin to Chase Bank, Bitcoin to Well Fargo, Bitcoin to PNC, Bitcoin to Capital One, Bitcoin to HSBC, Bitcoin to any bank account in the united states. Our services are to exchange your E-money from any of the available payment processors to your local bank account for a small fee. We intend to be the best E-currency dealer and offer you a stress free experience. You can simply sell your Bitcoin & get cash into your bank account instantly. Exkash also offers Bitcoin Cashout Card that works around the world in any ATM. Withdraw Bitcoins to US Bank Account Withdraw bitcoins to US Bank Account Direct and instant transfer like Bitcoin to Chase Bank of America, Wells Fargo, transfer cryptocurrency to Bank Dollars Exkash.com is best company for you to sell your bitcoin at the highest market rate. One more thing that is very good from this website, that you will get paid instantly into your bank account. You are fully safe and secure while selling your bitcoins. Sell Bitcoin Now and Get Paid One of the Certified Company, Having official Permission to change Bitcoin to Bank account directly. we are premier service provider to worldwide customers. Our system is honest and afficient, simple and secure. Yes, This is fully automatic system to convert Bitcoin to instant exchange. You will get paid into your bank in a mintue. Bitcoin ATM Debit Card that Wroks around the world for online shopping and ATM Withdrawal. Order Your Card Now and Get Free 50$ Balance in the Card! Perfect Money ATM debit card providesMost innovative way to Cashout Perfect Money funds anonymously in any country. This i Continue reading >>

Blockchain - Using Your Blockchain Wallet

Blockchain - Using Your Blockchain Wallet

What you need to know to start using your Blockchain wallet To log into your wallet you need your Wallet ID, your password, and any two-step verification that you have enabled. Your Wallet ID is a string of random letters and numbers that acts as a username. You can find it by navigating to the Wallet Information section of your Settings menu. Although it looks similar to an address, your Wallet ID cannot be used to send or request bitcoin or ether. You will always be able to see your bitcoin & ether balances at the top of your wallet and on your dashboard. Want to see your balance in your chosen currency instead? Click on your bitcoin or ether value and it will display the fiat currency equivalent. To send bitcoin or ether from your wallet, you need the recipient's receive address or QR code. To request, you can share your address or QR code with the sender. Note: your bitcoin address will change each time you request but your ether address will stay the same. Your home screen will display your most recent transactions, and you can find your full transaction feed by clicking on the corresponding asset in your wallets menu. What do I need to create a Blockchain Wallet? + Creating a free Blockchain Wallet is quick and easy. All you need is a valid email address and a secure password. What is an address? + Addresses are strings of letters and numbers, that are used to send you bitcoin or ether. For increased privacy, a new bitcoin address is generated for every transaction. Find the address for your next transaction by clicking receive in your wallet. Are there fees? + Yes. Transaction fees cover the mining network fees and the Blockchain infrastructure necessary to ensure fast and reliable transaction confirmation times. Miners prioritize transactions based on fees, so Continue reading >>

Btc To Dlt: Why Aren't Banks Giving Blockchain Startups Accounts?

Btc To Dlt: Why Aren't Banks Giving Blockchain Startups Accounts?

BTC to DLT: Why Aren't Banks Giving Blockchain Startups Accounts? Oct 30, 2017 at 04:00 UTC|UpdatedOct 31, 2017 at 04:08 UTC Noelle Acheson is a 10-year veteran of company analysis and corporate finance, and a member of CoinDesk's product team. The following article originally appeared in CoinDesk Weekly , acustom-curated newsletter delivered every Sunday, exclusively to our subscribers. As anyone who has tried it knows, it's long hours, low pay, constant stress and a relentless march into the unknown. But, it's even harder for cryptocurrency startups. Earlier this week, the UK's Financial Conduct Authority published a report highlighting the difficulty that blockchain businesses have in getting basic banking services. Many are met with blanket refusals, some are given limited access and others get banking support yanked without warning. And the problem is not unique to the UK . This makes it difficult for cryptocurrency businesses to operate, let alone get started. (Just try paying for your server space with cash.) It also contradicts the UK government's pro-innovation stance. Officials have often stressed how vital fintech development is to the economy, and have expressed an explicit interest in harnessing blockchain technology. What's more, a report issued a couple of years ago by HM Treasury deemed cryptocurrencies a low risk for money laundering and terrorism financing. Even some cryptocurrency businesses accepted into the FCA's sandbox program, which exempts them from full regulatory compliance to encourage experimentation, cannot bank in the UK. The banks in question are, on the whole, reluctant to comment on this, which leaves the startup community assuming that the financial institutions are afraid of cryptocurrencies. While there may be some truth to that, th Continue reading >>

How Can I Sell Bitcoins And Transfer The Funds To Bank My Account?

How Can I Sell Bitcoins And Transfer The Funds To Bank My Account?

How can I sell bitcoins and transfer the funds to bank my account? A friend of mine gave me two bitcoins which I now want to sell. I don't understand the process which would enable me send the funds generated to my bank account. related: How do you obtain bitcoins? Murch Apr 20 '14 at 9:46 Thanks. Further question. If you use coinbase, for example, you need to provide bank account. Then, it is kind of defeating the purpose of using bitcoin for anonymity, isn't it? electro May 22 at 8:46 Buy some stuff for it. There are lists with vendors accepting bitcoins. erik May 22 at 16:59 Using bitcoin is reasonably anonymous. Converting bitcoin to cash is "using cash", which is not anonymous. Greg Hewgill May 22 at 20:28 You can exchange your bitcoins for US dollars on these websites and have them funded to your bank account. Also see bitcoincharts.com/markets . jorijnsmit Dec 24 '14 at 20:13 From what I have heard, Payza is now doing bitcoin, not sure how the service is, but may be worth mentioning. Ben P. Dorsi-Todaro Dec 25 '14 at 1:19 Is Coinbase reputable? There are an overwhelming number of repots of people claiming they stole their money. Also they require your bank account login password. Seems sketchy. spuder May 30 at 0:00 The usual procedure would be to deposit the bitcoins into a bitcoin exchange, sell them there, and withdraw the cash to your bank account. You will have to identify yourself to the exchange, and the exchange must be able to send money to your bank. If there are Bitcoin ATMs in your country it should be as simple as goint to the ATM ask for a refound and transfer the Bitcoins to where the ATM asks for. After that it should give you the money (whitout the processing charges). Could you expand this? So I need to go in front of ATM with a mobile wallet a Continue reading >>

Blockchain Bank Account

Blockchain Bank Account

The first time you pay using Bitcoin, the magic becomes clear immediately - send money anywhere in the world! The Bitcoin magic is even larger when you do a major transaction on Saturday night and you see the confirmation in less than a minute, and it costs just a couple of cents. This is IMPOSSIBLE with current banks. If you own Bitcoin you can send money to bank accounts in 37 minutes. If youre doing a traditional bank to bank transaction, youll wait the usual 24-48 hours (slowwww) But as amazing as it is, traditional institutions are not fond of magic. There is too much risk and uncertainty. Banks will be using banks technology not bitcoin! How to transfer money from blockchain to bank account? With Bitwala you can send bitcoin and other blockchain to bank accounts in Europe and many other countries. It often takes less than 1 hour to initiate the transfer. Everyone will agree that Bitcoin was controversial; it is a revolutionary technology and because of its decentralized nature, it can be used for illicit transactions. Fortunately, it's not just being used that way. The cost of online payments can be quite high. For a small payment of 1, PayPal can charge a merchant 30 cents. That is a 30% transaction fee! For higher amounts with credits cards, fees are often around 2-3%. This is a lot of money for SME businesses - for any business really. 3. B2B Blockchain: corporate use of Bitcoin, Ethereum and Ripple There's a lot of buzz around "blockchain", the technology behind Bitcoin. Except really innovative projects like Ethereum, we don't think there's much immediate gain from so-called private blockchains. But even assuming that, at least for now, Bitcoin and blockchain are synonymous, an important aspect of why we choose not to use Bitcoin/blockchain is safety. B2B Pa Continue reading >>

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