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 >>
How To Cash Out Bitcoins In Nigeria?
1823views April 29, 2017 July 31, 2017 ray 23 If you have bitcoins in your Paxful wallet you can withdraw it as Naria safely and at a big profit as cash to your bank account. The Nigerian market is hungry for bitcoins and there is a huge potential for profit.Nigerian bitcoin brokerages currently charge an outrageous premium of 25% for selling bitcoins via bank transfer. They can be undercut and a healthy profit still made. Your buyers will be grateful. Assuming you have a Nigerian Bank Account you should register as a Paxful user and create your first Sell offer . You can create a payment method for your bank like Union Bank of Nigeria Cash Desposit When it is apparoved your offer goes live. Please make sure you put nice simple bullet points for your offer terms and also bullet points for your trade instructions. Once your offer is live and you get sales they will appear on your dashboard. Click on it to enter the trade. Here is more information on complete a trades. Say hello to the user right away, if they need help then repeat the instructions for them. You can then provide them with your bank account # and name if it is not in the instructions. Wait for them to complete the task and upload proof to you. Once they have paid they will click the mark as paid button and then you should check to see if their payment has come in. Once you have confirmed they have paid you then click the Release bitcoins button. That is all there is to it. Always make sure you have the money safely before releasing bitcoins. Once you release it and they send out you cannot get the bitcoin back. If you do bank transfer then make sure they cannot call the bank and get the funds returned or that they are a trusted party. Cash deposit is safest. Some banks in the USA like Bank of America allo Continue reading >>
Can I Transfer Bitcoin To Bank Account At Us ? - Bitcoin
Can I transfer bitcoin to Bank Account at US ? ok thank you , but my bitcoin(coinbase) account is Nepali, and i want to transfer to my friend's account to us bank is it possible through it ? I recommend anyone considering using this service to do some due diligence first, because it is highly suspect. It seems very similar to other fake scam exchanges that get posted here nonstop, just with other cryptocurrencies added. It doesnt even look like a well made website. The user posting it also appears to be a bought shill account, decent karma but only 6 posts on his account. No, but you can ask your US friend to make an account on a Bitcoin-exchange such as Kraken , get verified and then send the XBT to their account. Your friend will then be able to sell the XBT for USD and withdraw them to his US bank account. You mean tell them to make account and transfer to his account and he will exchange there ? Is there easy to exchange bitcoin to Us dollar ? I'm in the SEPA banking area and it did work for me. As they are also servicing the SWIFT area, it should work for everyone. Where are you from? Using their service was easy for me, just sign on, their website is really easy to navigate. Don't hesitate to ask if something is still unclear! Thank you very much. I never thought that I can meet this much good people and help on redit. I wish we could be friend on facebook too if you are using. I am from Nepal and my family is in US. so I want to transfer to US if posible. Yeah of course you can I dont know why these guys are saying its impossible. Just send through cashila/bitwala as a SWIFT transfer and pay 0.5 to 1% fee. Not a big deal Ive done it a few times myself. Thank you, yah some one told me that we can do it but i don't have any idea about it. I will try to do as you s Continue reading >>
9 Ways To Buy Bitcoins With A Bank Account / Transfer In 2017
Last updated on March 15th, 2017 at 12:17 am People who want to buy large amounts of bitcoin or dont have any access to credit or debit cards will probably look for buying Bitcoins with their bank account. Since theres substantially less risk involved for exchanges when people purchase Bitcoins with their bank account, the fees for such a process are significantly lower. Bank transfers are considered irreversible and reduce the risk of chargeback , unlike credit cards payments for example. So if youd buy $1000 from Coinbase via their bank transfer youd pay $14.9 in fees, while if you bought the same amount with a credit card youd pay $39.9 in fees. As you can see you can save 50% and more when using a wire transfer. Also, Bitcoin buying limits when using a bank transfer to fund your account are much higher than using a credit or debit card. On the other hand, bank transfers are usually more complex to execute and take a longer amount of time to process since the transfer needs to clear several banks on its way to the exchange. Nevertheless, buying Bitcoins with a bank wire is probably the best way to go in order to get the best exchange rate possible. Depending on where you live in the world there are different exchanges that will be best suited for you. In this post we will cover the main reputable exchanges that supply bank wire services. Buying Bitcoins with a bank account in the US Probably the best option for buying Bitcoins in the US with your bank account is Coinbase . Coinbase is one of the pioneering companies in the Bitcoin ecosystem and has been around since late 2012. Coinbase allows you to connect your bank account via ACH bank transfer and can be connected with 26 different banks. Once you supply your bank credentials on Coinbases website you can easily b Continue reading >>
Coinbase | Payment Methods For Us Customers
There are several types of payment methods that you can link to your Coinbase account: Navigate to on web or select Settings > Linked Accounts on mobile Select the type of account you want to link Follow the instructions to complete verification depending on the type of account being linked: Most banks can be linked instantly and securely by providing your online banking username and password when requested. Additional security questions (as well as a PIN) may be required as well depending on your bank's security procedures. Once completed, your bank account will be instantly linked and available to use. Alternatively, you may select 'Other Bank' from the list to use a deposit verificationprocess.Note that this process generally takes 2-3 business days to complete. If 'Other bank' is selected, you will be prompted for your bank's routing number, your bank account number, and the name on the bank account, as well as the type of account being linked (Checking or Savings). The name on the linked bank account must match the verified name on your Coinbase account. The deposit verification procedure will initiate two small test deposits to your account. Once the deposits have reached your account (generally in 2-3 business days), you can verify the amounts by clicking on the 'verify' button for your bank account on the Linked Accounts page. Only enter "cent" portion of the amounts. For example if the amounts on your bank statement are $1.10 and $1.20, enter: Your bank account is now verified and you can initiate your first buy . You can also use your linked bank account to receive proceeds from Sell orders or withdrawals from your USD Wallet. Note: Coinbase no longer supports linking newcredit cards and some card issuers are blocking digital currency purchases with existing Continue reading >>
Coinjar - The Simplest Way To Buy, Sell And Spend Bitcoin.
CoinJar is a next-gen personal finance account. Move seamlessly between currencies and pay anyone globally, using the world's fastest payment network. Pay anyone and trade bitcoin with CoinJar Touch for Android or iOS. Access your money wherever you go with ease. Manage your digital and fiat currencies all in one place. You can hold bitcoins without volatility using Hedged Accounts. Hedge your bitcoin against major currencies for the peace of mind that you won't be affected by bitcoin price fluctuations. Use CoinJar as a bitcoin wallet for your everyday spend. All bitcoin transaction fees are on us. Deposit and withdraw, spend and send with no fees. Link bank accounts and cards around the world and move your money instantly for free. Your CoinJar is a powerful tool for managing money. You can spend, send and trade easily using bitcoins, pounds and dollars. Pay anyone in the world in under 6 seconds, for $0. Pay anyone with CoinJar Touch over the bitcoin network, anywhere in the world. Use the CoinJar Swipe Debit Card for purchases and withdrawals in supported countries. Link your local card and bank account for global access to your money through the Bitcoin network. Send money to 196 countries, in 6 minutes, for $0. Use CoinJar to send money anywhere instantly via bitcoin address or CoinJar username. Get peace of mind that you will avoid currency fluctuations by hedging against GBP, USD, EUR and AUD. Transparent fees mean you know how much you are sending, how much they will receive on the other end. Buy and sell in seconds, with a flat 1% fee. Make quick trades on the CoinJar platform with transparent fees and in-house support. Hedge against GBP, EUR, USD and AUD to protect your bitcoin from price volatility. Deposit to your account using BPAY. Withdraw to Australian Continue reading >>
How Do I Turn My Bitcoin Into Cash?
In the Philippines, Coins.ph providesthe fastest, easiest and safest way toturn Bitcoin into Philippine Pesos (PHP). 1. If you don't have one yet, start by signing up for a Coins.ph account. Coins.ph accounts are completely free -- signing up only takes a couple of minutes, and all you need is a valid email address. You'll need to sign in to place an order. 2.Go to the Cash Out page to place an order. 1) Method - Start by choosing how you'd like us to send your cash. You can cash out through a bank account or a number of other options, such as an instant cardless ATM Instant Payout, cash pick-up at over 10,000 remittance outlets, and door-to-door delivery. 2) Amount - Indicate the amount you wish to cash out. 3) Recipient - Provide necessary information about you or your recipient(e.g. bank account details, mobile number). 4) Payment - Choose how you want to pay for the order. We will then deposit your cash through the method you specified. Depending on when you placed your order and which method you chose, you will receive your funds between 5 minutes, 24 hours, or by next business day. Please note that in anticipation of potential increased activity and slower settlement time from financial institutions, we are adjusting our guaranteed bank cash-out estimates to three (3) business days for the duration of the 2017 holiday season. However, we will continue to make the same effort to process all transactions as fast as possible. Need help? Send us an email at [email protected] and we'd be happy to assist you withyour cash out order. Continue reading >>
How To Sell Bitcoin - A Guide To Selling Bitcoin Online Or In Person
Selling bitcoin isn't quite as straightforward as buying bitcoin, but fortunately CoinDesk is here to help. This guide will give you all the information you need to cash out your digital currency. When deciding how to sell your bitcoin, you first need to consider which method best suits your situation: sellingbitcoinonlineorselling bitcoinin person. Each option has its own advantages and disadvantages. Selling bitcoin online is by far the more common way of trading your bitcoin. There are now threeways to go about selling bitcoin online. 1. The first way involves a direct trade with another person, an intermediary facilitating the connection. 2. The second way is through an online exchange, where your trade is with the exchange rather than another individual. 3. New peer-to-peer tradingmarketplacesthat allow bitcoin owners to obtain discounted goods with their bitcoin via others that want to obtain the cryptocurrency withcredit/debit cards. The two groups are brought together to solve both problems in a kind of peer-to-peer exchange. 1. Direct trades:Websites that offer this type of selling structure include Coinbase and LocalBitcoins in the US, and BitBargain UK and Bittylicious in the UK . On these sites, you will usually have to register as a seller. This involves verifying your identity, which we will discuss again later. Once you have registered, you can post an offer, signalling that you want to sell, and the website will alert you when a buyer wants to trade with you. From there, your interaction is solely with the buyer, but you use the website to complete your trade. The process of selling on Bitbargain UK and (more so) Bittylicious can be quite involved and requires some patience. However, support at the former site has been great in our experience. Bitcoin u Continue reading >>
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 >>
Withdrawing Funds To Your Bank Account
Transferring funds to your Australian bank account With your bank account linked, you can transfer funds to it much like transferring funds between your regular CoinJar accounts . After signing in to your CoinJar, select 'Payments'. There are three options available; 'Pay', 'Request' and 'Transfer.' Choose 'Transfer'. Select the account you wish totransferfunds from. Enter the amount you wish to transfer. This can be in your local currency, or bitcoin. CoinJar will automatically convert from bitcoin if required. Select 'Review and Confirm' for an instant quote. You can attach a note for your personal reference if you wish. Select 'Pay now' to transfer the amount to your bank account. For details of when you should expect to receive the withdrawal take a look atour dedicated article, CoinJar's bank transfer timeframes . Transferring funds to your non-Australianbank account CoinJar currently supports the ability to transfer funds toAustralian bank accounts exclusively. Members from otherregionscan instead transfer bitcoin from their CoinJar by making a new payment . Continue reading >>
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 >>
Transfer From Bitcoin To Bank Account?
Hi can someone tell me how to transfer money from my bitcoin to my personal bank account? Like what are the step to do this? Or can you go to an ATM an withdraw money? In future please start your own thread when asking a question, you will get a quicker answer and some people don't like their topic "hijacked" or derailed. I have moved this one for you. To move coins from a bitcoin wallet to a bank account can be a simple process but only after you have gone through all the verification needed. The easiest way is to set up an account with Coinbase if they operate in your country, once you have the account set up and your bank verified with them you can do the transfer with just a few clicks of the mouse. Just remember that when you are transferring to a bank account then it won't be instant, you will have to wait the 3 to 7 business days the banks make you wait. Or yes you can use an ATM to withdraw bitcoins to local fiat currency but the machine must be a bitcoin ATM and not just a normal bank ATM. You can find a list of bitcoin ATM's here but the list is not always up to date: Coinbase is great...but a lot of people have negative opinions about them due to their know your customer rules. So, here is one alternative to getting your fund from Bitcoin to local currency. There are several options (Wirex and Bitwala come to mind immediately). You link your bitcoin wallet to these cards, load them up whenever you want to move funds from your bitcoin wallet to fiat, then either use the debit cards to buy whatever you want or go to an ATM and get a withdrawal in the local currency. There are likely some currency restrictions, so the viability of this idea depends on where you live, but here are two videos to help you better understand the idea. Continue reading >>
How Do I Withdraw Money To My Bank Account?
How do I withdraw money to my bank account? How do I withdraw money to my bank account? How do I withdraw money to my bank account? If you wish to withdraw money from your Luno wallet to your bank account, you're in the right place. First things first: please make sure you have added your bank account details so we know where to send your money. Withdrawing money from Luno to your bank account Go to your WALLETS page by clicking it from the menu. Select your local currency wallet and click on WITHDRAW. From the withdrawal page, ensure that the correct bank account is selected and enter the amount you wish to withdraw. Enter the one-time pin from your Google Authenticator app (if enabled) and click on WITHDRAW. Note: Withdrawals to customer bank accounts are done every business day (not including weekends and public holidays). Some banks will clear the payments in a few hours. With others it can take up to two business days. Sadly this is out of our control. For more information about withdrawal cutoff and processing times, please see the withdrawal schedule . Continue reading >>
How To Send Money From A Bitcoin Wallet To A Bank Account - Quora
You will need to sell you Bitcoin on an exchange all lsited here, Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO Top 40+ Bitcoin Exchange Sites . Once you have sold the bit coin on the exchange you can transfer it to a bank account. I would recommend using one of the sites trading platform Coinbase(Gdax) and placing a trade and not being the market maker and there will be no fees. If you go direct there are % based fees that can really add up. 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? 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 >>