Mar 27, · Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. This is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account. To make sure brokers do not break money laundering laws, you will need to withdraw to the same bank account that you deposited with. Coinbase is a website where you can buy/sell cryptocurrencies (e.g. Bitcoin). When buying cryptocurrencies, you are exchanging cash/dollars for a cryptocurrency (i.e. bitcoin). As such, to make this purchase, the cash/dollars have to come from somewhere. One . Conveniently and securely sell Bitcoins at your own price for cash deposited into your bank account for 0% fee.
Sell bitcoin bank depositHow can I sell bitcoins and transfer the funds to my bank account? - Bitcoin Stack Exchange
Sign up to join this community. The best answers are voted up and rise to the top. How can I sell bitcoins and transfer the funds to my bank account? Ask Question. Asked 7 years, 1 month ago. Active 1 year, 6 months ago. Viewed k times.
Nate Eldredge 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? Buy some stuff for it. There are lists with vendors accepting bitcoins.
Using bitcoin is reasonably anonymous. Converting bitcoin to cash is "using cash", which is not anonymous. Active Oldest Votes. Sam Weinberg Sam Weinberg 1 1 gold badge 6 6 silver badges 14 14 bronze badges. Also see bitcoincharts. From what I have heard, Payza is now doing bitcoin, not sure how the service is, but may be worth mentioning.
Dorsi-Todaro Dec 25 '14 at 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. Do any of those allow instant withdrawals to a bank account? Jorge Stolfi Jorge Stolfi 51 1 1 silver badge 1 1 bronze badge. YoMismo YoMismo 3 3 silver badges 6 6 bronze badges. HSBC coin deposit machine is another way to sell bitcoin for cash or send bitcoin to bank account.
There are several online digital currency exchanging platforms for traders around the world, but some of them are providing service of bitcoin transfer to banks. You need to find the perfect place to transfer bitcoin to my bank account and buy bitcoin instantly with bank account.
BTC free wallet to bank transfer is one of the best platforms that allow you to transfer bitcoin into pounds or other fiat currency through a bank. Buying bitcoins with bank account by BTC bank is not possible without the correct coinbase IBAN number and bitcoin wallet without bank account. If you want to get the answer to How to transfer money from blockchain to bank account?
Then you are at the correct place after reading this article you will be able to choose the right place to transfer bitcoin to bank account UK. Coinbase to Indian bank account conversion is now easy with the BTC wallet bitcoin pro bonus service.
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Author Profile Name : Anthony V. Date of birth : June 12, Address: Baltimore, USA. Article post date : May 16, Last updated : 3 Days before. Total Views : The most common way to do this via a bank wire transfer. To make sure brokers do not break money laundering laws , you will need to withdraw to the same bank account that you deposited with. If you have never deposited fiat on to a broker exchange, then you will more than likely need to make at least one deposit first.
If you decide to cash out your Bitcoin using a broker exchange such as Coinbase , then it will normally take about days for the money to reach your account. When selling Bitcoins to other people on LocalBitcoins, you can decide which payment method you want the buyers to use.
These include:. LocalBitcoins offer a good level of safety because of their escrow service. This keeps your Bitcoins locked until you confirm the payment has been received from the buyer.
So, now that you know the difference between the two favored methods, I will now show you how to withdraw Bitcoins to cash using broker exchanges! Coinbase is the most popular broker exchange for buying and selling Bitcoin. They process more Bitcoin transactions than any other broker and have a massive customer base of 13 million. Looking for more in-depth information on related topics?
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If you need help on how to do this, view our guide here. If you have already done this, proceed to step 2! Once you have set up your account, you will need to send your Bitcoin to your Coinbase Bitcoin address! You will then be shown your Bitcoin Coinbase wallet address. This is the address you need to send your Bitcoin to.
Next, click on Sell. The next step on how to cash out Bitcoin is in the wallet. Assuming you have now sent your Bitcoin to your Coinbase wallet, you should see your Bitcoin wallet and your default fiat currency here. This will change depending on where you are located. For example, U. You will also see your withdrawal limit. If you have already verified your account, your limits will be quite high.
However, if you need to increase this, click on See Limits and follow the additional verification instructions! Before you can withdraw, you need to exchange your Bitcoin to your local currency. Enter the amount of Bitcoin that you wish to sell, and the fiat currency equivalent will update. Once you click on Sell Bitcoin Instantly , your funds will now be in your fiat currency wallet. Ok, so we are at the final step on how to cash out Bitcoin to your bank account.
Your bank account details will already be saved from when you set it up earlier. Another popular choice for Bitcoin sellers is Kraken! Kraken is another popular exchange that allows fiat currency deposits and withdrawals.
It has been around since , and processes the most Bitcoin to Euro transactions. Now that you know how to cash out Bitcoin using a broker, let me show you how to do it using a peer-to-peer exchange. There are a few to choose from, however, the one I most recommend is Local Bitcoins. LocalBitcoins was created in and now supports almost every country in the world.
So, no matter where you are from, you should be able to find buyers to sell your Bitcoin to. The great thing about P2P is that you can request any payment method you want. Here are some examples of the different payment methods available on LocalBitcoins:. Sellers who know how to cash out Bitcoin can also choose the price they would like to sell their Bitcoin for. However, if you sell to a buyer that has listed the price they want to pay, there are no fees.