Transferring btc to bank account?

[oni.saori]

you can try to Convert your bitcoins to Paypal and then withdraw your bitcoins into Bank account easily .

But we have to find the person who can trade for Paypal to get bitcoins.

It take 2-3 days to transfer your money From bitcoins to your bank .

or Verify your accounts at exchange and withdraw it with some fees .

[lorylore]

Depends on what country you have paypal and if it is allowed to transfer to your bank account.
There is a good way to find real people for cash but it seems to be rare.

[notlist3d]

you can try to Convert your bitcoins to Paypal and then withdraw your bitcoins into Bank account easily .

But we have to find the person who can trade for Paypal to get bitcoins.

It take 2-3 days to transfer your money From bitcoins to your bank .

or Verify your accounts at exchange and withdraw it with some fees .

There is a big problem with this and it's chargebacks/disputes.  I would not suggest selling BTC for paypal, it brings more with paypal as there is such a risk.

I suggest signing up for something such as coinbase.  You can even set up a checking account just for it.   So it can be very secure and small fees.

[oxiyusuf]

you can try to Convert your bitcoins to Paypal and then withdraw your bitcoins into Bank account easily .

But we have to find the person who can trade for Paypal to get bitcoins.

It take 2-3 days to transfer your money From bitcoins to your bank .

or Verify your accounts at exchange and withdraw it with some fees .

There is a big problem with this and it's chargebacks/disputes.  I would not suggest selling BTC for paypal, it brings more with paypal as there is such a risk.

I suggest signing up for something such as coinbase.  You can even set up a checking account just for it.   So it can be very secure and small fees.

yes i agree with you, but we can seek the services of paypal is really reliable, trustworthy seller usually has several times Allah for serving customers, or you can use the virwox, but his fee is huge .. coinbase good enough for the try

[everaja]

I understand you wanna transfer to your bank account and as others have said Bitstamp is very good. I just thought I'd mention Virwox in case, you wanna transfer to PayPay or Skrill at some point. The site itself doesn't require any verification although you will need to have a verified PayPal account. They have high fees but they're the safest option out there for PayPal and Skrill. Welcome to the forum!

Virwox takes a huge fee once i withdrawed 10 $ bitcoins and received around ~6$ in my paypal.
i have also tried localbitcoins its fairly good with rates, much people says grey things do occur there , but yet i haven't experienced that there.
so i will suggest OP for localbitcoins.

[jeroenn13]

You can use services like Bitstamp or Bitfinex to exchange Bitcoin to your local currency.

[GoingAround]

Bitstamp
circle.com

add your bank account and deposit there, I do not recommend selling btc for paypal since people can reverse the payments and you might get your paypal account closed and owning money to paypal from your bank account.

[WheatBreadSaid]

a service i have used recently is called circle.com. my experience with them was good. it was easy to by btc and easy to sell btc for me.

[Jack_247exchange]

You can withdraw you Bitcoin directly to your GBP bank account using 247exchange.com

[demefim491]

I can recomend you to read this article: https://plasbit.com/crypto-basic/what-crypto-wallets-allow-transfer-to-bank-account

It helps me a lot when I searched for the same service

[Zigabel]

Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please?
Thanks in advance

There's no bank I know of that has a Bitcoin account for the customers whereby you can sent Bitcoin into the bank account and you will.be credited with the amount of Bitcoin you have sent, what I know with most banks is they have Fiat accounts and other investment accounts of which I am yet to see a crypto account with banks,  although I don't know and cannot really tell if there is any .

For the best I know,  you will have to sell off or transfer your Bitcoin to a crypto exchange from where you will be able to exchange it with Fiat and the Fiat will be transfered to your bank account after which you can withdraw the Fiat to use for whatever purpose you wish to use it for. Bitcoin cannot be transferred to a bank account to the best of my knowledge.

[tech30338]

Send it first to an Cex then convert it to usdt, then via p2p if there sell it there, then use you're bank account for the buyers payments, if that is available to you're exchange, what CEX currently you are using right now?
I Agree the price of bitcoin is still going up, if that is a big amount i suggest to secure you're wallet, that is very important, if you are going to send it to an exchange, double or triple check the address before sending, if you are unsure feel free to ask us again, its better to ask than to do it on you're own and make mistake.

[Y3shot]

You don't transfer Bitcoin to a bank, but you can convert Bitcoin to your local currency through a reliable exchange. Since you don't know how to convert Bitcoin to your local currency, it means you are not familiar with Bitcoin.

You also need to understand the security and privacy that are involved in Bitcoin. I'm sure that if you understand this better, converting Bitcoin to your local currency won't be that challenging for you.

[nakamura12]

There's no way you can transfer your bitcoin to your bank account. You need to sell your bitcoin to fiat first using an exchange platform like the one you mentioned or other exchange platform like binance for example. You can do p2p on binance if it's what you want to use and after you sell your bitcoin then you can now transfer your money to your bank account. That's what I did not too long ago where I sold my btc to fiat using binance p2p where I will receive the fiat directly to my e wallet or bank account.

[Su-asa]

Many comments on your thread already that's based on your questions and I'm sure that you have gotten your answers by now, I will still say the same thing because that's also how I normally exchange my crypto to fiat anytime I want to exchange them. However there are many ways to do that both physically and online through an exchange. If you know anyone that's willing to give you fiat and take Bitcoin on a good rate just do it but be smart.

[Hazink]

I can recomend you to read this article: https://plasbit.com/crypto-basic/what-crypto-wallets-allow-transfer-to-bank-account

It helps me a lot when I searched for the same service

This thread is now about 10 years old, and the OP of the thread and those who even gave the recommendation are no longer active here. This recommendation could have been good and helpful if it was from recent days and not back in 2015; you just woke up this old thread.

I will prefer to go with using the P2P option rather than using a centralized service, which will take their own fee and can consider freezing my money if they deem my details not worthy..

[DubemIfedigbo001]

I can recomend you to read this article: https://plasbit.com/crypto-basic/what-crypto-wallets-allow-transfer-to-bank-account

It helps me a lot when I searched for the same service

This thread is now about 10 years old, and the OP of the thread and those who even gave the recommendation are no longer active here. This recommendation could have been good and helpful if it was from recent days and not back in 2015; you just woke up this old thread.

In addition demefim491, you do not post in a thread which is more than 120 days since it's last post, it is frowned upon here. There is always a warning in red informing you that the thread is a dead one. If you have a very important message you can give in addition to those contained in the thread, you can create a new topic on it and add the link to the dead thread as a reference to your new topic.