Bitcoin Forum

Economy => Exchanges => Topic started by: chegmarco on July 06, 2017, 09:01:08 AM



Title: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: chegmarco on July 06, 2017, 09:01:08 AM
Hello.
   I would like to know if there is a website or an electronic wallet online that allows to transfer without limit its Bitcoin in a Bank Account ??

Thank you


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: NeuroticFish on July 06, 2017, 09:12:27 AM
Banks work with USD, EUR and other currencies.

I guess that there are services that convert automatically BTC into fiat, but the fees would be pretty big.
Instead, you can use an exchange to convert, then withdraw from there.
Or you can use the services of "bitcoin debit card" providers, where you transfer the bitcoin into a certain wallet and from there convert into the card's currency the amounts you want, when you want to.

But for all this to be unlimited you'll have to provide the exchange or the card service provider some papers about your identity.


Shortly: you need to identify yourself and I think that it will not be exactly automatic.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: chegmarco on July 06, 2017, 09:30:35 AM
Banks work with USD, EUR and other currencies.

I guess that there are services that convert automatically BTC into fiat, but the fees would be pretty big.
Instead, you can use an exchange to convert, then withdraw from there.
Or you can use the services of "bitcoin debit card" providers, where you transfer the bitcoin into a certain wallet and from there convert into the card's currency the amounts you want, when you want to.

But for all this to be unlimited you'll have to provide the exchange or the card service provider some papers about your identity.


Shortly: you need to identify yourself and I think that it will not be exactly automatic.

OK thanks for your answer.
But I would like to know if there is a "Bitcoin Debit Card" Provider that works and can be delivered to any country in the world (in all countries of the world) ??

Thank you


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: NeuroticFish on July 06, 2017, 09:37:07 AM
But I would like to know if there is a "Bitcoin Debit Card" Provider that works and can be delivered to any country in the world (in all countries of the world) ??

Thank you

No. Not all countries. There are some countries that are always excepted - Afganistan is one of them.
Some just write "countries that are on prescribed Sanctions lists", some give longer or shorter lists with accepted countries.
While I don't want to advertise Xapo (I don't like them lately) they seem to have quite a list of countries: https://support.xapo.com/which-countries-can-the-xapo-debit-card-be-shipped-to
If you know that your country is not under US/EU sanctions you will surely find a card for yourself. The best way to find out is by asking their support.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: Juggy777 on July 06, 2017, 09:54:13 AM
Hello.
   I would like to know if there is a website or an electronic wallet online that allows to transfer without limit its Bitcoin in a Bank Account ??

Thank you

I don't think any bank does it, but don't even fall for traps like this until you can confirm that a bank, is authorised under current laws, but I think you should not do it directly, try finding someone who accepts Bitcoin and gives you money in bank. Though it's very risky what you are trying to do. I would advise you to refrain from this. 


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: dihari on July 06, 2017, 10:05:19 AM
There's no bank in the world that provide cryptocurrencies services. So you can't send your bitcoin to any bank accounts. But if you want to spend your bitcoin easily around the world with plastic debit card and use all ATM in the whole world to cash your bitcoin, there is many companies offer this service. Try xapo or unchange.me


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: BitcoinHodler on July 06, 2017, 10:12:06 AM
in case you are trying to receive payments in your business using bitcoin but receive fiat instead you can check out bitpay. they offer such services, you integrate their system in your business and give them a price and the customer sees the value in BTC and pays in BTC but you can choose to either receive that BTC or receive the fiat instead. and that is done automatically to your bank account.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: DoublerHunter on July 06, 2017, 10:48:36 AM
I already made a few withdrawals of bitcoins to my bank account using an online wallet in our country and all i can say that it is possible because you just need to link your bank account to your online account in bitcoin then you can easily do some withdrawals. You can try coinbase which is the most common type of online bitcoin wallet but in terms of credit cards, i am not sure about it.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: SvenBomvolen on July 06, 2017, 11:08:06 AM
There is no chance to manage something like that yet. First you have to cash out your coins. Or there is an option of bitcoin debit card, there are a lot of information about this cards on the forum. Read it if this option is suits to you.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: BingoDog on July 06, 2017, 11:33:24 AM
So far isn't although I have heard some rumors that some dutch banks are considering the option to offer their clients the bitcoin wallet service. But you can always get one of those bitcoin debit cards, top it up and spend your coins like US dollar, Euro or something else, withdraw the cash at ATM etc.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: tiggytomb on July 06, 2017, 11:35:28 AM
There is a list here of some bitcoin debit cards https://bitcointalk.org/index.php?topic=1410577.0
All of them will have fees associated with them and if you do wish to send money to your bank you will need to provide some ID for verification.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: linkme on July 06, 2017, 12:24:21 PM
Hello.
   I would like to know if there is a website or an electronic wallet online that allows to transfer without limit its Bitcoin in a Bank Account ??

Thank you
I don't think if there are some website that can exchange Bitcoin into cash directly or not but if there are, that would take a very big fee I think, you can continue to find out about that.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: Xester on July 06, 2017, 01:29:43 PM
Well I think impossible for the bitcoin itself because the banks and credit cards do not have features and do not accept bitcoin.  But you can pay your credit card bill and deposit on your bank with bitcoins through some platform.  My wallet automatically converts my bitcoin into our currency.


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: Searing on July 06, 2017, 01:31:19 PM
Hello.
   I would like to know if there is a website or an electronic wallet online that allows to transfer without limit its Bitcoin in a Bank Account ??

Thank you

I don't think they have a limit....if so it is like 200k a week or some such

https://www.coinbase.com/ (https://www.coinbase.com/)


sorry all I got..more $$$ than I could ever move I know that

usual bank stuff ID etc...thou the usual hoops for legitness



Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: chegmarco on July 06, 2017, 02:48:57 PM
Well I think impossible for the bitcoin itself because the banks and credit cards do not have features and do not accept bitcoin.  But you can pay your credit card bill and deposit on your bank with bitcoins through some platform.  My wallet automatically converts my bitcoin into our currency.

But what do you use ??


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: Ayers on July 06, 2017, 02:54:17 PM
Hello.
   I would like to know if there is a website or an electronic wallet online that allows to transfer without limit its Bitcoin in a Bank Account ??

Thank you

you can't transfer bitcoin to your bank account, you can transfer to your wallet, if youw ant to have the money out of your coins, dump for usd or euro and transfer to your bank account, otherwise why you don't use bitcoin to buy items you want? much simpler than converting to legal currency


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: Kprawn on July 06, 2017, 03:00:31 PM
The Xapo debit card is your best bet, but if you simply want to sell your bitcoins and then want to withdraw the money to your bank account, then

I would suggest you use one of your local Bitcoin exchanges. I will open a second bank account just for this, because some banks have issues with

Bitcoin and close accounts when they figure out that you are using it for Bitcoin matters. You do not want them to close your main accounts when

this happens.  ::)


Title: Re: Is it possible to transfer its Bitcoin to Bank Accounts or Credit Cards ???
Post by: Daniel91 on July 06, 2017, 03:01:23 PM
Yes, of course :)
You have many exchangers available where you can exchange btc to your local currencies, and withdraw directly to your own bank account.
You can even use btc debit cards or btc ATM.
You have really many options here but real question is why you wants to do it?
With bitcoin you have anonymity
When funds arrive in your bank account you're no longer anonymous.
Tax office will probably see this transaction and you will need to explain origin of this money and report tax.
Are you sure that you really want to pass through it?