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Author Topic: What's the safest way to transfer cash from an exchange into a bank account?  (Read 682 times)
Troll Toll
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January 28, 2013, 07:57:07 PM
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I traditionally used campbx as my exchange of choice and dwolla as the receiving bank account, but with the recent sketchiness of dwolla, I am worried of an account freeze.

I am open to using any exchange, I'm just looking for the safest foolproof way to get my bitcoins into cash. What method do yall use that you feel is secure and safe on both the exchange side and the bank account side?

Thanks!

You gotta pay
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January 28, 2013, 08:53:07 PM
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Coinbase.

Kindle : Bitcoin Step by Step (2nd Ed) : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
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January 29, 2013, 04:03:59 AM
 #3

I traditionally used campbx as my exchange of choice and dwolla as the receiving bank account, but with the recent sketchiness of dwolla, I am worried of an account freeze.

I am open to using any exchange, I'm just looking for the safest foolproof way to get my bitcoins into cash. What method do yall use that you feel is secure and safe on both the exchange side and the bank account side?

Thanks!

You can do a PayPal payout via BitInstant right?  Fees are high though...

If all the sovereign non-cryptocurrencies will eventually collapse from hyperinflation, you can't afford *not* to invest in Bitcoin...  See my blog at http://minetopics.blogspot.com/ .

Donations accepted at:  17twYNyqTiCTM2gJmumkytvhZh4sCVSKNH
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January 29, 2013, 04:48:21 AM
 #4

If it's just getting bitcoins into cash, you could try Bitpay.

Set yourself up as a (legit) business with them; if you mine, you can declare yourself a miner, if you sell used goods you can call yourself a flea market reseller, etc.

Get a personal deposit address, and send your bitcoins to it for a one-day ACH into whatever bank account you have on record with Bitpay.

The fee is about 2.99%, IIRC. Not sure how that compares to Dwolla, etc.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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January 29, 2013, 05:13:32 AM
 #5

Coinbase.

 Grin


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