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smario
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January 16, 2017, 08:39:56 AM
 #1

Is it possible to withdraw bitcoins to bank account

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January 16, 2017, 08:41:21 AM
 #2

Is it possible to withdraw bitcoins to bank account
Not directly, you need to transfer the bitcoin to your local currency first. You can do this with an online exchange service. Tell me what currency u need, and I can tell you an good exchange.
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January 16, 2017, 04:02:24 PM
 #3

No banks are accepting bitcoins. And that will never gonna happen. First you need to convert it into cash and deposit it to your bank account. Thats what i do. I usually using a local bitcoin wallet which has a lot of options to cashout your btc. First you need to convert your btc into cash and then you can now deposit it to your account.

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January 16, 2017, 04:10:31 PM
 #4

Is it possible to withdraw bitcoins to bank account
Technically it has to be converted in your fiat first and you can withdraw it in your bank if you found a local exchanger. You can withdraw btv directly to  a bitcoin devit card tho.
You can see a list of where you can get yourself a bitcoin devit card here: https://bitcointalk.org/index.php?topic=1242788.0
EDIT: additionally these debit cards can be used to withdraw in any atm banks.

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January 16, 2017, 04:37:01 PM
 #5

Is it possible to withdraw bitcoins to bank account
Technically it has to be converted in your fiat first and you can withdraw it in your bank if you found a local exchanger. You can withdraw btv directly to  a bitcoin devit card tho.
You can see a lost of where you can get yourself a bitcoin devit card here: https://bitcointalk.org/index.php?topic=1242788.0
This is correct since bank dont accept bitcoin directly and like in my local bitcoin wallet provider there is a feature on which you could directly convert your bitcoin to fiat then transfer it to your bank account or card.Bitcoin debit card is also an good option too as jacee mentioned the link which is very helpful.


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January 16, 2017, 06:58:39 PM
 #6

Where do you live? Coinbase is great for bank deposits.
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January 16, 2017, 07:08:48 PM
 #7

A bank account holds fiat currency and not bitcoins.
You can convert bitcoins for fiat currency and then deposit the fiat currency in your bank account.

In India there a a few OTC exchanges where you can sell bitcoins for Fiat currency withdraw the fiat currency to bank account.

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January 16, 2017, 10:17:38 PM
 #8

Yes o fcourse you can do that.

You must find good exchanges - for me the best is Coinbase!

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January 17, 2017, 02:37:01 AM
 #9

Is it possible to withdraw bitcoins to bank account
It is possible but be sure to convert first  your bitcoins into fiat or cash ,before you can transfer  it to your bank account. Theres no direct way of transfering bitcoins to bank account iy should be converted first.

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January 17, 2017, 03:12:41 AM
 #10

Yes you can do it bro, but the first thing you should found exchanges which support your bank account
In my case i found exchanges support my bank account and the process only few minutes the cash will be on your bank account
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January 17, 2017, 04:16:51 AM
 #11

I guess, yes you can withdraw it but you should convert it to your currency and like what we have here in our country there are banks that supports the online wallet that we have

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January 17, 2017, 04:41:45 AM
 #12

Is it possible to withdraw bitcoins to bank account
All answers are the same ,you should convert your bitcoins into cash or fiat so that you can able to transfer it in your bank account..if you dont have any questions  you can now lock this thread. Cause the following replies will be the same too.

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January 17, 2017, 08:15:19 AM
 #13

No you can't, if you want to convert it to fiat it would be thru exchange and they will cater your need whether you want to transfer the money directly to a bank account or to where you want the money to go...

Or you can sell it directly to a buyer and they transfer money to your account and you transfer your bitcoin to their wallet...

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January 17, 2017, 08:58:15 AM
 #14

Is it possible to withdraw bitcoins to bank account

Not sure on this but check out fidorbank.  They are an online bank that do something with bitcoin.  Im not sure if they just convert BTC to fiat or they hold BTC as BTC.

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January 17, 2017, 09:36:51 AM
 #15

Thanks for all the replies..!! It was very helpful..!! will surely revert back i have any other queries..

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January 19, 2017, 03:05:30 AM
 #16

It would be just easier to transfer to a bitcoin debit card then withdraw from atm at the bank and do what you want with the fiat with your bank.
Just be prepared to pay fees when withdrawing using those banks including the bank's fee on top of that.



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January 19, 2017, 09:48:28 AM
 #17

No Banks support direct withdrawal. It is possible to trade the bitcoin to traders who support transfer of amount to bank accounts. In this way bitcoins can be converted and saved into bank accounts without much difficulty. Importantly finding a trusted trader or legit trading service provider helps the best.

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January 19, 2017, 01:49:56 PM
 #18

It would be just easier to transfer to a bitcoin debit card then withdraw from atm at the bank and do what you want with the fiat with your bank.
Just be prepared to pay fees when withdrawing using those banks including the bank's fee on top of that.

Btc cards fine way to taken out as the fiat cash but the charges for the debit cards usage and monthly maintenance are too heavy like banks. I could say better you could trade the bitcoin with the escrow to the  fine traders available in your location. That would be most profitable then this.


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January 19, 2017, 03:27:02 PM
 #19

Like mentioned before on this thread, use coinbase or bitstamp if you want the funds into your bank account.
Or you could use a bitcoin debit card like e-coin/wirex, i have been very happy with their service, of course they have their issues too.

You can order their card and upload funds without needing to send your ID up to 2000$.

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January 19, 2017, 03:32:25 PM
 #20

Is it possible to withdraw bitcoins to bank account
Depends if you are living in 3rd world country maybe you can sell up your bitcoin into real money i always deposit my bitcoin into bank and they changing it into real money that quick Smiley

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