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Title: Where can I buy/sell bitcoins without my funds moving through my bank account? Post by: Tabata11 on April 14, 2015, 09:00:31 PM Is there an exchange where I can buy/sell bitcoins without having my funds move through a bank account everytime I make a trade? I have over $10,000 in funds and I don't want that much money to get deposited/withdrawn from my bank account every time I trade bitcoins.
I have been using circle and coinbase for a month now and I have been cautious about going over the $10k+ threshold. Title: Re: Where can I buy/sell bitcoins without my funds moving through my bank account? Post by: pedrog on April 14, 2015, 09:58:03 PM You can use Localbitcoins and choose your desire payment processor/s, be careful and hide your other activities from Circle and Coinbase, it's against their TOS, well, at least for Coinbase.
Quote Coinbase customers may not, however, use their Coinbase Accounts to engage as a business in the exchange of virtual currency for fiat currency, funds, or other virtual currency. Coinbase reserves the right to limit your account use if we detect activity which constitutes a violation of this policy and/or our User Terms. We further reserve the right to limit your account use if your account is associated with high-volume activity inconsistent with personal use. https://support.coinbase.com/customer/portal/articles/1905681-localbitcoins-and-coinbase Title: Re: Where can I buy/sell bitcoins without my funds moving through my bank account? Post by: Tabata11 on April 14, 2015, 10:00:38 PM mhh..
I was talking more about an exchange where I can hold all of my funds in there and exchange into Bitcoins and vice versa without having the funds wired to a bank account and bank. Title: Re: Where can I buy/sell bitcoins without my funds moving through my bank account? Post by: pedrog on April 14, 2015, 10:04:18 PM mhh.. I was talking more about an exchange where I can hold all of my funds in there and exchange into Bitcoins and vice versa without having the funds wired to a bank account and bank. Oh, that's like every exchange. :) You can use Bitstamp, Kraken, Bitfinex, you only withdraw to your bank account when you want. Title: Re: Where can I buy/sell bitcoins without my funds moving through my bank account? Post by: techgeek on April 15, 2015, 12:34:03 AM with the funds into cash, and do a trade on here.
I see thats only viable option, cause coinbase and any other service requires to go through a checking account. Then when you get coins sell it back on localbitcoins or something or here. But it would be something like through mail, with a trusted rep. Do it in smaller increments no more then passing $500 at a time. Title: Re: Where can I buy/sell bitcoins without my funds moving through my bank account? Post by: Tabata11 on April 15, 2015, 04:17:52 AM mhh.. I was talking more about an exchange where I can hold all of my funds in there and exchange into Bitcoins and vice versa without having the funds wired to a bank account and bank. Oh, that's like every exchange. :) You can use Bitstamp, Kraken, Bitfinex, you only withdraw to your bank account when you want. so I can sell bitcoins and get funds credited to the account on the exchange and not to my bank account correct? |