safe to link bank account ?

[mikele]

Is that safe to link our bank account, to some like coinbase or circle ?
What happens when the bank account is linked what about authorization ?

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[romero121]

There won't be any hidden activities with your account. This shows you to be a trusted user among others.
Even it helps in faster transaction as there is no need to add accounts every time doing a transaction.

[The Sceptical Chymist]

Safe?  Sure.  Just don't indulge yourself in Silk Road in any of its iterations, kiddie porn, illegal guns, or tax evasion. 

I had a Coinbase account that got closed due to my stupidity and I now use Circle which I find is much better.  I don't do any of the above so I don't see it as anything but safe.

[mikele]

I mean "safe" for my bank account..

I do not want to use coinbase for other than buying bitcoin and tranfer it to my bread wallet.

[LaStOpTi0N]

I mean "safe" for my bank account..

I do not want to use coinbase for other than buying bitcoin and tranfer it to my bread wallet.

Ofcourse it is safe.You can called them a virtual bank they have a well known reputation and security to protect their users.

[mkc]

I had coinbase for couple of years now. Yeah it is safe.
I check my bank statement every month, Coinbase never deduct more than it is supposed to.

[Amph]

some bank account or any if anything, offers protection, in the case of outside violation

i've for example enabled 2fa on my bank account, so no transaction is authorized, if the code is not added

[ctlaltdefeat]

Safe?  Sure.  Just don't indulge yourself in Silk Road in any of its iterations, kiddie porn, illegal guns, or tax evasion. 

I had a Coinbase account that got closed due to my stupidity and I now use Circle which I find is much better.  I don't do any of the above so I don't see it as anything but safe.

Let me guess, you did gamble used coinbase address directly?haha i did it too a couple months ago.
Linking bank account to trusted wallet provider like coinbase and circle are safe as long as you didn't do an illegal activity.

[Patatas]

Nothing happens if your banks allow cryptocurrencies buying or selling through their finacial services.If you look at it in a logical way,you are simply using the funds in your account to purchase a digital asset.If its bitcoins they take it as an attempt for money laundering or without tax payments so most of the Reserve or Central Banks in the World don't allow the use of bank accounts for such purposes but there is no specific rule or law againts it so you can use it as long as you're safe.

[BellaBitBit]

There is no choice with some of the online wallets, will also possibly have to verify with drivers license.  I was a little unnerved at first giving my bank info but I have not had any issues.  I am with Coinbase.

[shintosai]

yes it's safe, and it is also will let you to easy do transaction when buying coins or withdrawing your coins, in my case with coins.ph i did not see any problem when withdrawing my balance thru transferring it to my bank account.

[HeroCat]

I do not think that it is safe, any open links to your bank account is not safe - this is very clear 

[Paultango]

Is Coin regulated and insured like Gemini? I mean your deposit there is safe and it is protected by FDIC?

[twister]

Its safe with them but there is always a possibility of your bank info getting stolen in case of an hack or something OR maybe it isn't and I am just paranoid but I don't use any services which asks me to link my bank account.

[unixs_26]

better dont use your primary account bank mate

[Hugroll]

some bank account or any if anything, offers protection, in the case of outside violation

i've for example enabled 2fa on my bank account, so no transaction is authorized, if the code is not added

that actually seems like a really good feature on a bank account, too bad my bank doesnt offer that. 

[mtnsaa]

I'm also wondering the same thing, I'm not in the states or Europe, so Bitcoin is known here but it's of course completely under the radar for common institutions, so they don't even know what to do. I'm afraid that the bank can freeze my account or I become target of an investigation. I'm sure this won't happen right now because I'm broke as sh*t in BTC terms haha, but I'm just thinking ahead.

[taxmanmt5]

Is that safe to link our bank account, to some like coinbase or circle ?
What happens when the bank account is linked what about authorization ?

It depends on the country you live at.

In few countries there are regulations which strictly allow not to trade in Bitcoin type currencies. In those cases its not suggestible to even disclose as other income.

In case you live a country where bitcoin trading is legal its better you link it and keep account clean and safe

[LiberOptions]

Of course it is safe to link your bank account to your coinbase account
Everyone does it

[arbitrage]

I don't see why this shouldn't be safe?
I have linked my account with Bitstamp and never had a problem.
Even after they suffer a hack attack. I'm still using them.