Bitcoin Forum

Can I transfer bitcoins to my bank account?

No.... however, you can deposit your BTC's to an exchange and exchange them for FIAT, then withdraw said FIAT to your bank account... Or you can create an account on localbitcoins, fund it with your BTC and sell it for cash/wire/... Or you can visit an ATM to deposit your BTC and get cash... Or you can find an exchanger on this forum.

But direct deposit of BTC to your bank account won't work.

you can use localbitcoins to do so but be careful to not get scammed

Their is no direct way to transfer bitcoins into bank. Nor banks accept bitcoins but via the third part exchange service you can buy and sell the Bitcoins to your bank account. most common website for exchange - www.Localbitcoins.com . Beware while choosing your trading partner.
Note they charge deposit fees when your transfer bitcoins to your localbitcoins account. I am suing this site from 2 years without any issue. in case any issue localbitcoins team helps you.

Bitcoins cannot be transferred to any fiat currency or any bank account.

Well, you actually can!

You can withdraw your BTC to a cold storage and lock it up in a bank safety deposit box.

No, you cannot. Banks are not accepting bitcoins. First you have to convert your bitcoin currency to fiat currency and then transfer the fiat balance toc your bank account. from where you can withdraw your money. Bitcoin exchange will do this for you. After converting bitcoin currency to fiat currency you may have to pay taxes as per the rules of your country.

What about other cryptos? Not sure - but I heard that for some countries allow banks to work with cryptos. Or I am wrong?

You can't do that directly simply because your bank account don't have bitcoin address so better to convert it into fiat money first. Look for the wallet that is highly recommended on you place and your problem will be solved. It will always depend on your place, ask more to your friends which can help you better.

While it is impossible to put bitcoins on you bank account or deposit. But there is no special need for this, because now a huge number of options to keep money virtually, not physically.

Why not?

Actually, it depends on what you mean. What you can do for sure is trading bitcoin for the currency n use in your coutry and then transfer such amount on your bank account. Warning: depending on legislation, such amount of money may be submitted to taxations so beware what you transfer!

Then, if you mean "can I have bitcoin on my bank account".. Well of course not! As any currency in the world, you have to change it for "your" currency before getting it on your account. The difference is that if you receive.. let's say pound on a euro bank account, the bank can me the exchange itself (and charge you for that). With bitcoin... Well, you have to deal with the exchange on your own!

Currently no. I heard that some bank in Korea wants to create means of bitcoin deposit for their users. Maybe others in the future will follow.

Hello friend, i was forced to take a week break from the site but i am back now.

I think the answer might be Ripple that is trusted by the banks so longer term it might
be wise to cough up 20 XPR to hold your Ripple wallet open and use that as a conduit
after converting XYZ>XRP

Regulations will force more people to use Ripple and they will like it anyway because the fees
are $0.02 per transaction and not $25 like it is with Bitcoin plus you have a small amount of
protection if your coins go on a walk about like we are seeing a lot of these days.

Don't worry I am no fan of the bankers but i am sure you can see the logic in my thinking

I think in order for you to transfer it you need first to convert it into cash then send it to your bank account. That was my opinion about it since banks now are like they not yet cooperate with bitcoin.

You can do it through an exchange. Some exchanges allows you to convert your Bitcoin to USD or EUR and withdraw it to your local bank depending in your residence country.
Some countries are restricted by some exchanges.

You have to convert bitcoin to USD or local currency then there are some platform that will allow you to have a direct deposit to your bank account.

why would you want to?

Some wallet have features that let you sync your bitcoin wallet to your bank account, like coins.ph. This wallet is popular in our country because it's reliable and convenient. So, if someone is going to withdraw their bitcoin they can transfer it to their bank accounts and atm cards.

Hey i am bk jones  :) ! As my opinion u can"t do withdraw just save your Bitcoin for future when the Bitcoin gone up then u have to withdraw because if u do now then u r in lose ,Anyways u want to withdraw then do with local bitcoin :)

Yes you can in some ways, I am telling how I do mine.

1. Upload funds from my wallet (Electrum) to Skrill (you should make an account in Skrill if you don't have any)
2. Once funds are uploaded(6 confirmations on bitcoin network), directly I click Withdraw to bank account and that's it.

Extremely easy I would say.

No.. you need to exchange first or if your local location site will accept bitcoin and they acctually doing convert from bitcoin to fiat money ang many site for remmitancess so you know what will you do. And if the transaction will be okay then go to your bank choice and transfer your funds to your bank account.

Of course it can, because bitcoin can be converted into a real currency. we can exchange bitcoin into real currency on bitcoin.co.id and there are many sites where bitcoin is converted into real money.

Yes you can transfer you bitcoin to your bank account but there are some prissidure to be followed like you need to fill the form of personal details and then you need to convert it to usd and then local currency

No, you have to go through the exchange. I'm confused with you, your rank member and you do not know about this kind of thing? then what do you do and you read in this forum?

I have a friend who cashed out his BTC last week and transferred his funds from the exchange to his bank account directly, the bank got surprised of the amount transferred and called him immediately asking where his funds came from, my friend just told the bank that it was just a remittance from a relative abroad. The central bank here in our country is showing signs of partaking profits from crypto. You still need a middleman to transfer your BTC to fiat.

Currently its not possible ... you can sell the bitcoin and take your money to your bank account anytime .. or you have to choose an exchange who make deposit on you bank account after selling btc ..

you can easily transfer bitcoin to bank account some procedure occur to transfering money

you have to go through an exchanger first to convert it into fiat, then you can transfer to your bank account.
First check which exchanger has the better fees and their policy, then just send your BTC to the exchanger wallet, sell and transfer, easy and "fast" (it could take up to one week to get money in your account).

I do not think there is a bank that accept bitcoin directly,  so I guess you have to move your bitcoin to exchanges and convert them to fiat currency before depositing it to the bank.  That is the normal process we have here unless there is some bank that accept bitcoin directly.

You can only convert your btc to any currency, but be wise wait for a high price before you convert your btc. After that you can withraw and to trassfer it in any government bank. But in other country bitcoin is being used in everyday payment, they accept bitcoin. No need for them to transfer their btc.

1. Transfer your bitcoin to a local exchanger receiving BTC pair with local currency
2. Withdraw your money with your local currency to a bank account

need to be light, BTC is not compatible with most conventional banks, so there must be an exchanger

Direct to a bank account no, only if your bank accept the bitcoin like a currency (and it is possible)
The other way is to exchange the bitcoin and get you preferred fiat currency (USD, EUR etc.)
You can try services like LocalBitcoin , that allow you to sell your bitcoin and receive the money with any of your local system payments

It is not possible to transfer into bank account as bitcoin is a digital money, in the bank account we can keep only physical money in the sense fiat currency so bank will not accept the digital money to deposit in the banks. Exchange the crypto into fiat currency and then transfer to the Bank.

Bitcoin to Bitcoin? No. Because it isn't supported by banks yet. You'll need to use an exchanger where you can exchange your Bitcoin into your local currency then withdraw through your bank.

bitcoin to the bank ? it depends in your the bank if your bank is support of bitcoin
but I never heard that any bank is support crypto or bitcoin at the moment. but you can sell your bitcoin to fiat money and transfer your money to your bank account.

No, you can transfer your Bitcoins to any exchange and sell them for cash and then withdraw that money to your Bank.

Until now I have not found information from all over the world how to transfer bitcoin to a bank account. For now you have to trade it in a market that provides bitcoin exchange services into the prevailing currency in your country.

The standard procedure is to deposit bitcoins into the bitcoin exchange, sell the bitcoin there and extract the converted cash to your bank account. Identification is considered mandatory to the exchange and exchange must be able to dispatch money transfer  to your bank.

Bitcoin is different from fiat(which is deposited on bank account), so i dont think you can deposit bitcoin on your bank account. Bitcoin can be kept on bitcoin wallets, where it has its own digital address which is very important when making any transactions. Any transactions on bitcoin are registered on blockchain. Also, one of bitcoin's characteristic is that it is decentalized, meaning no third party is needed for every transactions. So one can send and receive bitcoin from other person directly. Peer to peer. So i think theres no need for a bank when it comes to bitcoin. But depends if theres a need for it in the future.
If you really wanted to deposit your bitcoins, you need to change it to fiat first before you can deposit it on your bank account.

I think no but you can conver your bitcoin to your fiat. There is many application or site that can convert your bitcoin to your currency and in this way you will able to deposit your exchange into your bank. Bitcoin always kept in the bitcoin wallet and can be your bank and own a wallet address that you will keep always. Bitcoin is not supported of the bank, maybe in the future banks will accept bitcoin but for now you need to exchange.

It depends on your country if they support bitcoin exchange surely you can transfer your bitcoin in your bank account like here in the Philippines the wallet we have here (coins.ph) can transfer whatever fund we have there directly to our bank account in such way that we don't need to convert then withdraw our bitcoin for us to deposit it in any banks coins.ph will do it for you and in just few hours your bitcoin has already transferred and ready for withdrawals

YES u can transfer bitcoins in bank to sell bitcoin through unocoin in india

No, it's not possible. No bank in the world can now store bitcoin.
You can put them in your wallet.
You can also exchange bitcoins for legal tender.
The legal tender is then deposited in the bank.

it depends on.what country you are in, usually where you buy bitcoin is also what you can use for withdrawals.

As i know you can not transfer it to your bank account.
If you are from a country where bitcoin is legalized, maybe your bank has spearate  account to store your bitcoin in the bank. I think you need to check it directly to your bank.

You cant deposit bitcoin in bank account but you can exchange it in the form of cash.

That can't be posible other you can exchange BTC to NGN and send to your account as cash then you can withdraw.

I think this is not very realistic at the moment, it seems that no bank can accept BTC deposits.
Using a hardware wallet may be safer than a bank, you can buy one. ;D

Can not. Bank does not accept bitcoin. You must convert your bitcoin currency into fiat currency and then transfer the fiat balance to your bank account. from where you can withdraw your money Bitcoin Exchange will do this for you.After converting bitcoin currency into fiat currency, you may have to pay tax according to your country's regulations.

Transfering bitcoins to your bank account is not possible right now but necessity is the mother of invention and I think if bitcoin becomes legal in many countries then you can expect a crypto bank account under your respected banks soon just like the DEMAT account is available for Stock and Commodity trading and holdings. In order store and access, the bitcoin by yourself you will need a bitcoin wallet which is available in different types and the best one I would like to recommend you to use is the Hardware wallets which gives you the highest amount of security for example like TREZOR WALLET.

No you cannot directly send your bitcoins to the bank. You have to first change them into your country currency then only you can save them in your bank.

Transferring bitcoin to bank account is not at all possible, because no banks has started to function completely on bitcoin. People do trading and convert the bitcoin to fiat and the same will be withdrawn from the banking account. This is the only possible way and in future we might get more banks adopting bitcoin as well other digital currencies.

No you are not
You can change it first into currency in your country first after that you can send it into your bank account

No you can’t you can transfer to exchanges then after you can convert bitcoin to fiat currency then you can transfer to bank account that is the only way you can transfer .There is lots of crypto banks project coming like cag and lots so you can try that.

I heartily say you cant forgive because no bank wants cryptocurrency to enter the bank debit, you can start by making a purchase on the local exchange and this will be a good start for you.

That is impossible, you can't transfer Bitcoin directly to your bank account. Currently, banks only accept currencies that have been approved by governments, they have not legalized Bitcoin for use in banks. You should transfer Bitcoin to currencies such as usd or euro and then transfer them to your bank account. For other cryptos, I'm not sure but I have not seen any banks in my country allowed to send and receive cryptos.

It can not be done directly, you have to go through some process first to be able to transfer your bitcoin money, it is because the bank does not accept bitcoin bank only accept fiat. so there must be a third party who want to buy or can say the traders who will buy your bitcoin with fiat and after that you can withdraw it with your bank.
Localbitcoins.com is the recommended address for your bitcoin exchange to fiat.

Yes.Convert your bitcoins into fiat currency first then that's the time you can deposit it to your own bank account.Maybe in the coming years depositing bitcoins into our bank accounts will be possible already once bitcoin will be legalized and adopted by the government,then for sure banks will also follow in accepting bitcoins.

If directly you can not transfer the bitcoin you have to your account, if you have not converted it into money. But if you turn it into money, you can certainly transfer money to your account. of the bitcoin that has turned into money

It seems to me that the bitcoin community needs to go the other way. Why wait that bitcoin can fill up a Bank account? I think that we should strive to not use Fiat. We need to build a system using bitcoins to trade without exchanging for Fiat. I do not believe that the government will agree ever using bitcoin.

as far as I know Bank only accepting fiat transfer, especially in my country, I never heard if bank accept bitcoin. you should convert your bitcoin to fiat before you transfer to your bank account. or may be you can do it if your country support bitcoin.

No, you can't. That is if you're talking about straight deposit (bitcoin going straight to the bank). As what has been suggested, get a local exchange that will convert your bitcoins to real cash. Have that cash moved to your virtual wallet then deposit in a bank.

LoL - this is the coolest answer of the whole thread!
However, I guess this was not what the guy was thing at. Since the person seems not to know exactly how Bitcoin works, he should perhaps open an account on Coinbase which is very simple to understand and it it allows the customers to sell the Bitcoins and send the FIAT money to the bank account.

No you cannot directly transfer bitcoins to your bank accounts as bank are not accepting bitcoins and it is not completely legal in a few countries
However you can exchange it with the currency of your country and then add them to your bank account

Banks do not accept bitcoin. You must sell it to the currency provided in the market and then transfer your exchange balance to your bank account ...

Already so many people say that it can't be done. Well, to my knowledge, there is no bank that received bitcoin to be liquidated into the currency, which I know, you must use the services of third parties. Examples such as an exchange. Some major banks in the world do use cryptocurrency called Ripple, but for the activities of receiving and sending money to between countries or between banks is not to be traded as the exchange site.

No you cannot directly send your bitcoins to your bank. It can be send to bank after exchanging them in to your country accepting currency.

Well you can transfer your bitcoin in banks but today bitcoin are still risky in upon putting it on a banks..Because lot of banks are afraid of bitcoin dont want many would actually do this and invest in bitcoin..Most of them are enclosing those who have a bitcoin transactions on their bank account

As I know 1 bank only supports BTC deposits (in Germany). So you can sell your BTC into your local criptocurrency and then put into your bank deposit

Unfortunately you can't directly transfer bitcoin into your bank account, however an ATM Machine can be used to withraw a bitcoins to local fiat currency given that it is a bitcoin supported ATM machine not the normal ones. You can check the available bitcoin ATM machines in your place here https://coinatmradar.com/ but I can't assure you that the site is always updated. There's another method that you can be able to transfer bitcoins to your bank account, by using bitcoin exchange sites such as Binance, Bittrex, hitBTC etc, deposit them here thus will convert it into fiat currency just follow every setup on their site and send their required requirements then your good. Or simply you can sell your bitcoins into a legit buyer and they will directly send the payment into your account. I hope you learn the possible methods in transferring bitcoins into your account.

Definitely, Yes! You can transfer your bitcoins into your bank but it will be converted into your country currency type. But this is accepted by some of the banks and countries.

If you want to transfer bitcoin to bank account, you have to change it to your country local money, then you can transfer it to your bank account.

In my own experience,you cannot directly transfer your bitcoin to your account,you can run in a long process but there other way,you can transfer your bitcoin to your atm account,but before you done that you must convert first the bitcoin into your own fiat currency,just like my bitcoin in my wallet in my local exchange,when time i needed most a  money i convert it to our own traditional currency and transfering it to my own atm account,so that i can withdraw easily.

Banks don't like or don't trust  bitcoin so you can't  transfer as in direct transfer. You can transfer by sending  it to an exchange.
 
 https://www.coindesk.com/real-reason-banks-dont-like-bitcoin  - you can also check this out :)  concrete reasons why banks hate  bitcoin.

There is no direct way to deposit bitcoin to your bank account. You must trade your bitcoin first in an exchange to currency or fiat then by that you can send it to your bank.  That is the only wa you can send it to your bank account..as bitcoin is a cryptocurrency it is not fiat so it still needs to be converted to cash first.

As far as I know, that's impossible since Bitcoin is decentralized while banks are not. The knly way way you can do that is to convert first your Bitcoin into Fiat or regular currency and again, transfer that amount into your bank account. But actually you don't really need to transfer your Bitcoin in banks, also, it will be safe on e-wallets and in this way, profit will be earned as its market value increases.

Actually, it depends on what you mean. What you can do for sure is trading bitcoin for the currency n use in your coutry and then transfer such amount on your bank account. Warning: depending on legislation, such amount of money may be submitted to taxations so beware what you transfer!
Then, if you mean "can I have bitcoin on my bank account".. Well of course not! As any currency in the world, you have to change it for "your" currency before getting it on your account. The difference is that if you receive.. let's say pound on a euro bank account, the bank can me the exchange itself (and charge you for that). With bitcoin... Well, you have to deal Definitely, Yes! You can transfer your bitcoins into your bank but it will be converted into your country currency type. But this is accepted by some of the banks and countries. the exchange on your own!
 

I think no. But if you will convert your bitcoin into fiat money then that would be possible but be careful because some banks think that if you will deposit large money online they will think that it is from illegal transaction and is suspicious but in reality it is not. So, the best thing is to cash out your money and then deposit it personally to yur bank account.

No can't transfer directly send your bitcoin into your bank account otherwise if your country have a website that automatically converting your bitcoin into your country money to save in your bank account because here in my country we have a using website that accepting and converting bitcoin into my country money if i want to save in my bank account but if you mean is save your bitcoin in bank i dont think that it is possible.

That really depends on the Bitcoin exchanger in your country. But I'm pretty sure that's how it goes nowadays. I mean in my country, I can convert my BTC to cash in our exchanger then have it transferred to my bank account.

maybe for other countries can, but in my country can not do such thing. because banks prohibit the existence of crypto currency. for me if you want to send to bank account, I have to make it fiat currency first.

This question or its give scenario depends on a lot of matter. First is that the banks availability to use bitcoin. We all know how bitcoin manage to be patronised nowadays. And as these time pass, there are great opportunities opened for bitcoin. So does for the banks. They are into the change making their service flexible by not just focusing on fiats. So with regards to your question, this could be possible if that bank is into bitcoin.

In our country if you that maybe  your wallet will going to hold by banks because banks didnt know all about crypto and they hate this because this banks are from goverments goverments dont want this because they said this is a fraud only so my answer is dont !

Bitcoin cannot be directly transfer to our personal bank or to the bank of other people. In my case if i wanted to in cash or i want to transfer it in my bank, i will convert btc to our currency through the use of digital wallet. In which you convert btc to a regular currency and once it is converted to regular currency, thats the time you can send it to your bank account. With the help of online wallet then we can transfer the money from btc to our banks.  I think this is the reason why there is a digital wallet because   online wallet is the one will receive bitcoin, also store bitcoin and can even send bitcoin to other digital wallet.

I think as of now that is not possible, there are no banks i knew that accept bitcoin as a form of a deposit currency. Some banks even did not accept foreign currency and they will let you convert it to the local fiat before they could accept it. So, you need to convert your bitcoin to local fiat first before you could deposit.

Hi there Oliver A! There is no direct way you could do that without converting first the bitcoin. But there is one trading firm I knew which will could directly transfer funds to your bank account. The exchanged is named cex.io, you just need to open a free account and be verified, you can then transfer you bitcoins to them and you could sell it in the market, once in dollar it could be transfer then to your bank account or even back to your credit card.  ;)

of course can not, because banks use conventional money. bitcoin is a digital currency, if you want to put it in a bank account, you just need to exchange bitcoin with your country currency through bitcoin exchange site, then from that site you enter your account number and after bitcoin you exchange, then the money will go into account your bank

It will not be, the bank does not receive digital money and between bitcoin and the bank is not connected so before bitcoin and the bank is connected or cooperating I think it is impossible for you to transfer your bitcoin to your bank account.

Using skrill can be done that way, you deposit
bitcoin to your skrill and skrill convert the bitcoin to your
balance, then you can freely withdraw your funds to your bank.

No, you need to first exchange Bitcoin into fiat currencies and only then you can withdraw from the exchange to your bank account.

Can, but you must exchange the bitcoin currency first into the currency used in your country, then you can start to make the disbursement in the bank in accordance with the balance that has been converted

I've always been a fan of LocalBitcoins.

In Australia buying and selling Bitcoins is just a matter of using their site to find a reputable vendor. Often I'd be dealing with the same vendors on a regular basis. LBC has escrow, so it's just a matter of initiating the trade, and using bank details to fund a purchase or get funded for a sale. Dealing with vendors that have the same bank usually means overnight; but trusted vendors can transfer or receive funds straight away in most instances. Of course, the rates are probably 5% in the vendor's favour, but it's worthwhile when you consider the transaction time is quick and escrow gives the transaction very low risk. I've bought and sold bitcoins thousands of times over the years and never had an issue with being scammed.

the bank can not accept bitcoin directly, the first thing you have to do is put your bitcoin into the digital wallet and exchange it into currency, then you can send the money you have exchanged and send to the bank account, in addition to withdrawal you can do the opposite is like a bank deposit to the stock to buy some bitcoin or buy altcoin

Based from my friends who have withdrew their bitcoin, bitcoin is cannot be transferred to your bank account directly. But you can convert it to a fiat currency first and withdraw it through transferring fiat money to a bank account.

Nope. Can't do. Unless some back that I know of actually accepts bitcoins and fiat money on their ATM machines then that would be swell. But as far as I know, banks with ATM cards cannot accept or store bitcoins in their security cards due tl lack of technology and innovation.

No mate, you cannot transfer your bitcoin to your bank account.
But you can convert your bitcoin to the FIAT (e.g : USD) first in exchange,
Then you can transfer your FIAT to your bank account.

No, you can not transfer bitcoin to your bank account. You must change the bitcoin into the local currency of the country where you live, then you can transfer it to your bank account and enjoy the benefits of bitcoin.

Yeah they are some exchanges that allow you to exchange your bitcoins into FIAT which they transfer into your bank account but if OP is talking about having Bitcoins in their Bank Account then it's not possible since no bank allow bitcoins.

Bitcoin is something that is very different from the traditional currencies and hence you cannot transfer Bitcoins in as it is form to your bank account however you can always sell your Bitcoin to someone and ask him to pay funds in your bank account. So if you have Bitcoin worth $100 then you can sell it to someone and he will send $100 in your bank account and he will be the new owner of those Bitcoins having $100 value. Now it will be his profit or loss if Bitcoin price is changing as far as Bitcoin is in his custody.

No, there is no way to transfer bitcoin directly to your bank account. First, you have to sell Bitcoin for your fiat. You can do so at coinbase, localbitcoin or paxful depending on which country you are located in.

If your bank supports, then you have to be sure that your bank supports Bitcoin? Learn it then try it. And if you want more, you can exchange them. You will find a best source for bitcoin to cash.  ;D

I agree with you, the bank can not fully accept bitcoin directly, it is because the bank has full control over the country while bitcoin is not. the bank only accepts bitcoin if it is already in exchange first to the existing currency.

If you are using coinbase wallet then i think that you can transfer your bitcoins to your bank account by converting or selling your bitcoin first and cashing it out and depositing to your bank account using coinbase wallet only, i am not sure because i prefer meeting up in selling or buying bitcoin so i can meet new people that can help me to either inspire me or give me more knowledge about random things.

No, at least for now, unless your bank accepts cryptocurrencies, but for the time being I think there are only a handful of banks that accept such as Philippine banks, but we expect that in 2018 most countries will accept bitcoin.

I don't think so. I mean it is not in nature of banks to accept crpytocurrencies yet, they have not implemented it. Although, it would really be cool if there would be banks that will accept cryptocurrencies because it is one of the most used in mode of payments these days. That's why innovation of banks should happen.

Direct transfer of BTC to the bank account for now can not.
Other crypto currencies and tokens can be converted to BTC in flat currency.
There is always the possibility that a local dealer will provide you with cash on hand.
Just be careful!

I do not know of any bank that would directly accept bitcoin.
And even if one would, I do not think they would be ensured and you will get no interest for them.
So storing your coins at a bank would not bring an advantage, I think even more a disadvantage.
When you want to convert your coins into another currency, then an exchange is the place to go to.

What I find on the internet is that a bank in Switzerland accepts Bitcoin as a savings deposit. But now many countries are trying to ban Bitcoin especially banks because it negatively affects them.

you can use localbitcoins

banks cannot accept bitcoin either bitcoins exchange to fiat money. Some of the banks are not allowing bitcoin holder to invest or to have any connections to the bank if they know you're a bitcoin holder. The bank is the number one against when it comes to crypto currency. Better to exchange bitcoin to flat money then invest/transfer to your bank account.

Hello, Bro..

I think you couldn't transfer directly from your bitcoin.
You have to sell your coin and change it to currency, so you can transfer your money to you account..
You couldn't transfer bitcoin to your bank account, because bitcoin haven't yet regulation on bank system..

You can't send Bitcoins directly to your bank accounnt unless they do accept Bitcoin to their system.  Try checking out Localbitcoins.com for ways how to cashout BTC to fiat

Try doing this
> Put your Bitcoin to an exchange
> Sell any amount to fiat
> Transfer your Fiat to your bank account

Yes you can transfer bitcoin to your local bank account through some exchanger platforms, but very soon I believe banks will begin to accept most of the banks are just scared of their central bank if not they would have started collecting it direct.

Haha, don't think so.
I think it will never be like it because it take all the principles of it{that you control your money and not someone else}.

things that can not happen. if you want to exchange bitcoin with paper money, then you have to exchange it first from stock market. then after that, you can just send money to your bank account.

I have not heard of any banks that directly hold bitcoin for people. It does go against the whole ethos of bitcoin where it is decentralised and a form of currency away from the banking and financial institutions.

With having your own wallets and keys you are your own bank. You could store on an exchange and use it as a "bank" but you run the risk of the exchange folding or being hacked. If its fiat you want sell on certain exchanges that you have linked with your bank accounts or local bitcoins.

As I know traditional banks do not deal with Bitcoins. Cryptobanks are supposed to take this currency and even transfer it into fiat money. However, I do not know if they work now. These projects exist and hope soon they will start working.

Some countries implemented to ban the bitcoin in their area and some were not. In countries that has a bitcoin, I think that their banks can`t handle a
bitcoin. but i can gave you advice to transfer your money to your bank account. Our way is we transfer our bitcoin to our online wallet and then we convert it to ethereum and convert it to dollars and after that we send it to our online wallet that has an access in our bank.

Not directly, because the regulation of a bank in a country does not allow it, which is possible by the system of exchange or conversion into a currency that can be transferred to our account that has been registered. as long as regulation or rules about bitcoin is not clear, yet we can transfer freely

Well, in my country they are not acceptable to transfer bitcoin into any account holder because they are not legally accepted the bamking association the digital currency or crypto currency due to its volality of price in a market an of course the government itself has the biggest authority to accept.

I am always surprised to hear such kind of questions from not newbies rank. Man, you have spent here for two-three months and you were so lazy to check it out yourself. There is no bank in the world which would support bitcoin deposits. Yet (I really hope this is going to be changed in next few years).
When I was in my bank by some businesses the last time I have asked a manager about their politic in the case of cryptos, but she definitely was confused  :D and said that she doesn't know anything about it. I bet she thought that I am insane ;D

Diffinitly No.
But you can change it to your money the money in your country, if your wallet doesn't have the property to connect to bank account then send it to another digital wallet where in you cannot make transfer....

Presently you can't transfer Bitcoins to your bank. Bitcoin required a special type wallet, work on block chain and a specific algorithm. In future banks will also use blockchain technology then it will be possible to transfer Bitcoins to bank.

for now like it still can not, because in my country are many banks that reject the existence of Bitcoin but do not know also in other state banks if anyone received Bitcoin..

can not. I think the bank does not accept bitcoin unless you first convert bitcoin to fiat, then can send it to your bank account. unless a bank receives a transaction with bitcoin.

I dont thinks, no. Currently no bank allows bitcoin deposit. Maybe in the future. Lets hope.

I think yes you can transfer your bitcoin thru bank account. But it depends to bank if they allowed or accept bitcoins. Because not all bank are they allowed to receive bitcoins.

 :) before anything else about transferring a bitcoin to another bank I think that whatever you say I do what I should do is really insecure as a bitcoin to currency trading with your country and then transfer really uses your bank account .and account too.and it depend on the registration really worth the the money and then pass it on taxation so I'm careful that you which to another bank and then if you say you can and have a bitcoin on the bank account well it's really correct as any currency its the world of reason to change for a currency before getting your account the other one is just like you will receive this say a pound in the bank account. The bank can exchange for ourselves with the bitcoin that really has this idea with an exchange on your own .

There's no direct transfer from Bitcoin to bank account. However, there are e-wallets that you can use to convert your Bitcoin into your country's currency and cash it in the bank.

No and i don't think you will be abele in the future.
The Bitcoin created just in the other prepuce. that every person control his one money and there aren't a body that run it for him.

As i know direct deposit of BTC to your bank account won't happend . But I watched clip " how to transfer your bitcoin to bank account " . You can consult
https://www.123vid.net/video/how-to-transfer-your-bitcoins-to-bank-account-dfb7d92e368ff7e831331f.html
 good luck  :-*

Around the world very few banks accept bitcoin. So, it is upon the locality you reside and if what you have asked is to convert bitcoin to fiat, then it is possible. Almost each and every bank gives access to the bitcoin related transaction, and with some there are limitations in the transaction value.

Of course you can - but first you must sell the BTC, perhaps to localbitcoins.com, if it is available in your country - if not you will need to find a reputable buyer locally - beware of scammers and even robbery! So if you managed to register on a selling site (we will ignore the meetup) then after transferring the Bitcoin, to sell it is put into escrow. IMPOTENT: when you set up the sale, a reference is asked for, DO NOT WRITE Bitcoin / BTC / Cryptocurrency etc, there is a massive risk and likelyhood of your account being shut down by the bank!!! Remember also to check your bank account balance to see if funding has occurred BEFORE releasing the BTC out of escrow!

Its not possible to transfer bitcoin directly to our bank account because obviously its a digital currency banks will never accept it. So selling your bitcoin to fiat first before you can transfer the money to your bank.

Of course you can transfer but you can convert another currency to download cash in cash.

There are two ways to transfer bitcoins to a bank account, direct way that is unsafe if you transfer them directly to a governmental bank account they will easily track your identity, they will sue you and question you from where you got the bitcoins, and there is the indirect way which i recommend you change your bitcoins to cash and simply transfer them to a bank account.

In our country which is Philippines there is a app supported by the bank. We can withdraw our cash in banks. But we must convert our Bitcoin (BTC) to Philippine Peso (PHP) in their app first. Their are only specific bank that is supported by this app. I don't know to other countries if they have this kind of application.

No and I don't think you be abele in the next few years.
The main purpose of the Bitcoin is to have money with out having someone control it, and if the bank will manage it for you take out the all purpose of Bitcoin.

Directly you can not do that.Some Country's Bitcoin is not using and they will not give the access for transfer bitcoin to your bank account.But there are more easy ways to convert your bitcoin to fiat money.You can use cex.io to transfer bitcoin.But there Service Charges are Expensive.You can convert your bitcoin to fiat money by trusted Bitcoin Sellers.That's the most easy way to transfer your bitcoin to fiat Currency.

No, you can not transfer Bitcoin to your bank account.Bitcoin has not yet recognized any bank. Because Bitcoin is completely illegal. You can make it online through various exchanges in USD doller and you can withdraw money.

No right now its not posssible,BTC is digital currency.Bank accept fiat money.First you have to convert your BTC to cash and then you can able to make this transaction.For this purpose you can sell your BTC to your friends,colleagues,relatives or you can make account on Local BTC and there you can sell your BTC and in this way you bank account receive cash into your account.Right now this is the only way.However if in future banks start accepting BTC in their circles then this will be possible...

The answer will be depending on your country. You can exchange bitcoins into fiat before passing into a bank account or if your government has legalize cryptocurrency then there might be a faster wait to convert your coins to fiat.

I don't know if this is possible in other countries. But in mine, it is not possible to transfer bitcoin or any other crypto to a bank account. If this has to be done, the bitcoin will be first converted through a local exchanger into the countries' local money before it can be deposited into the bank account.

no you cant transfer bitcoins to your Bank account but you can buy and sell bitcoin with the currency in circulation.  we dont know what the future holds but technology can advance to that level when you can but or sell with bitcoin and you can also operate your account with bitcoin.

No banks currently support fiat. They do not have bitcoin wallets. Therefore, you have to exchange your bitcoin to fiat and then transfer it to your bank account. If you want to store bitcoin, you need software that utilizes a bitcoin wallet. Usually you would want this online, since it's less susceptible to hacks. Storing your cryptos online is a little more dangerous.

what is the process on how to cwith via unionbank account

As far as I know that it's impossible because they don't have bitcoin wallet. If you transfer your bitcoin you can sell your bitcoin then you can deposit that money.

You need to sell your bitcoins to get cash for your bank account.

Yes in current time it may not be possible but in future we can expect to use bank for our bitcoin transaction. In fact banks cannot accept bitcoin until government will accept bitcoin as legal currency, and only then banks will take a possible step toward bitcoin to accept bitcoin for deposit and transaction purposes, in future we can expect that a time will come when bitcoin will become legal currency throughout the world and then banks will also start accepting bitcoin for transaction and to deposit it.

A direct transfer is not possibile. You can change bitcoin into fiat and then in your bank acount. Maybe in future it will be possible.

Yes, it possible you can transfer your bitcoin because now there are so many exchanger that can transfer and convert your bitcoin ,

from a local bitcoin wallet site I use all I can do is redeem the bitcoin I have on the bursapertung section to convert to USD. then I can transfer my money my bank account number. but if you have not done bitcoin exchange to USD it can not be done to transfer bitcoin bank account number I have because my country has not exist from the bank that received a transfer by using bitcoin method. I hope someday there will be a bank that will adopt bitcoin so I can keep my bitcoin assets in the bank I think it will be safer.

The account you receive bitcoin is your own bitcoin wallet address, not the same as you created multiple bitcoin addresses. You send the bitcoin from the address where you received the bitcoin to your original bitcoin wallet address.

Transferring of bitcoin directly to a bank account could not be done. Banks do not accept bitcoin. However, you could convert your bitcoin into a fiat currency. That's only the time where you could deposit or transfer your balance into your bank account.

Should not be possible, there is no bitcoin's exclusive bank account right now? At least I have not found it yet.

Yep, you can. There are exchanges available for that and your wallet itself has option I think but you haven't mentioned which wallet you use. Coinbase wallet is used by me and I can transfer bitcoin to bank account, still you may have restriction in your country and each country has it's acceptance and non acceptance policy for bitcoin conversion as fiat through exchanges.

You can not send it directly to the bank account.
Each country has certain sites. You can do it through them. If the banks know, coins can be directly transferred. This will happen soon. 8) 8)

Yes you can, as long as the banks in your state is accepting bitcoin, if not, there are exchanges and local wallets that can convert bitcoin or other cryptocurrencies to your local currency, then, when you have converted your coins to your local currency then you could now cash it out on ATMs or even banks.