The good news for crypto customers is that now you can transfer bitcoin to a bank account with almost zero charges, you just need to find a service that is willing to buy your Bitcoins. it also allows you to deposit bitcoin to bank account or withdraw bitcoin to bank account once you get a transaction confirmation text on your mobile phone. 繁體中文 (TC) Sell Bitcoin Using Cash Deposit to Bank People can pay for the Bitcoin they buy from you using over payment methods including bank transfers, gift cards, and so much more. Please wait while we find the best offers for you. Mar 27, · Cash deposit: You can ask the buyer to deposit cash into your bank account. However, you should always ask them for proof of ID and proof of payment before releasing your Bitcoins to them. Bank Transfer: You can ask the buyer to send you a bank transfer payment. Before trying this method on how to cash out Bitcoin, be sure to always request.
Bitcoin deposit to bank account7 Simple Ways to Cash Out Bitcoin Directly Into Your Bank Account
Understanding the safest way to turn your bitcoin into cash can help you turn your trading profits into money you can spend in your everyday life. Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site including, for example, the order in which they appear.
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Learn how to withdraw Bitcoin and other types of cryptocurrency to your bank account, including the cost and speed involved. TJ Porter has in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions.
He has also contributed to publications and companies such as Investment Zen and Echo Fox. He aims to provide actionable advice that can help readers better their financial lives. In his spare time, TJ enjoys thinking up new ways to optimize my own finances, in addition to cooking, reading, playing games of the board and video variety , soccer, ultimate frisbee, and hockey.
Read more. It is not difficult to find a trusted crypto exchange with reasonable fees and get money to your bank account quickly and without putting much effort. That is why lower you will find 7 platforms where every person can sell BTC in exchange for money to land on the bank account. There is no need to have any trading experience to convert money on third-party exchange platforms. In fact, even a child will easily cope with the task set since it is enough to fill out some information in the blank spaces and deposit Bitcoin to the exchange in order to request the withdrawal of fiat money then.
The most widely accepted way to do that is to prefer an exchange that accepts bank wire transfers, and experts advise asking for fiat money to be sent to the same bank account where they were transferred from too. Usually, it takes from 1 to 5 days to get money to your account. However, there is also an opportunity to use the Peer-to-Peer approach or turn to a broker too. Now it is time to analyze the offer of the best platforms to convert BTC and choose the most suitable one.
This London exchange established in offers to withdraw cryptocurrency only for registered and verified users. Residents of different countries can transfer Bitcoin to their bank accounts using this service.
When it comes to citizens of other countries, it is possible to ask for a debit card withdrawal or do that in ATM too. At the same time, there are several benefits of the platform too including round the clock customer support, several payment methods supported, and fast money transfers. Being a leading Bitcoin trading platform Coinbase allows its users to withdraw Bitcoin to bank accounts too. It is possible to speed up the transaction if you own MasterCard or Visa.
The cost of withdrawal also depends on the country and can vary from several dollars to several cents. This peer-to-peer platform was founded in and its headquarters are located in Helsinki, Finland. It is a decentralized platform aimed at matching people who want to sell or buy cryptocurrency. Users of the platform can negotiate to trade on the platform by answering ads created and meet in person or transfer money to the bank account or wallet.
There are over 40 payment methods on the service and bank wire transfer is among them too. If you want to cash out Bitcoin using this P2P platform, it is necessary to follow this procedure:. The main benefit of this platform is the security of the transactions made and the possibility to sell Bitcoin for a higher price depending on the payment method preferred. Being another old trading platform Coinmama was established in and now offers one of the most comfortable ways to convert BTC to cash.
The process of selling Bitcoin and getting money to the bank account using Coinmama is very simple:. When the platform receives Bitcoin to its wallet, it will immediately send funds via SEPA transfer and it usually takes days to deliver them.
This platform specializes in crypto trading on the territory of the EU and is one of the most reputable exchanges known today. Founded in , it offers one of the cheapest ways to buy and sell Bitcoin via bank transfer or SEPA.