How do I send money from Wallet?

[Nautilus.69..]

Hi, how do I send money from my Electrum wallet to my bank account? Ciao, come faccio a mandare soldi dal wallet electrum sul mio conto PostePay? Thanks/Grazie

[RickDeckard]

Hi, how do I send money from my Electrum wallet to my bank account? Ciao, come faccio a mandare soldi dal wallet electrum sul mio conto PostePay? Thanks/Grazie

Hey Nautilus, welcome to the forum.

You can't do that, your wallet basically holds all your coins, similar to a physical wallet. You're only able to exchange your coins for fiat by either selling them in a P2P market (Like localbitcoins.com), by using Bitsq (Decentralized exchange) or by using a Centralized exchange like Coinbase, Kraken, Binance.

So the correct procedure (or at least one of them) should be : Your wallet -> Coinbase -> Exchange Crypto into Fiat (money) -> Withdraw to your bank account.

Was this clear for you? Also, ignore any kind of PM that you may receive regarding people wanting to help you trough Telegram and such ...

[bitmover]

Hi, how do I send money from my Electrum wallet to my bank account?

To do that you need to sell those bitcoins to someone and receive fiat back.

The most common way to do this is to create an account in an exchange in your location. I believe Binance.com is available in most countries in the world by now, and it is the biggest exchange in the world AFAIK.

Just create an account in binance/coinbase or whatever exchange you choose. Verify your account (sending your documents). Then send your bitcoins to the exchange, convert them to your local fiat currency and withdrawal the fiat currency to your bank account.

You can do that P2P, but you will need some trust in that person to do so.

[Nautilus.69..]

Thank you very much!

[RickDeckard]

Thank you very much!

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