Is this type of trading possible?

[Logman]

Does a system exist where you can add funds from a source (bank etc) and then buy BTC from those funds? And when you sell your account is credited with that amount (say in USD)? Rather than direct P2P. Or does no such system exist due to the risk of fraud?

[Silverdewz]

Currently bitstamp seems to have this feature you said, you can go try it.

[Logman]

Great, thanks. Are there any others?

[ClvrGmr]

We have this kind in our country. A company to be exact. Where we can buy bitcoins directly with our money and vice versa we can buy our own money ysing bitcoins but we cannot sell our account since it is verified through our personal informations like address and valid IDs. In the other hand we can directly send money, bitcoin or our money, but with the person also using that company's app.

[silent17]

Does a system exist where you can add funds from a source (bank etc) and then buy BTC from those funds? And when you sell your account is credited with that amount (say in USD)? Rather than direct P2P. Or does no such system exist due to the risk of fraud?

On our country, we have coin.ph, this has the same feature as what you describe. I think in some of the country , they too have this same system, I really like this kind of system because its really easy for us to buy and sell bitcoin to our current currency. I hope that you can find such system in your country.

[FoxTheHuman]

Does a system exist where you can add funds from a source (bank etc) and then buy BTC from those funds? And when you sell your account is credited with that amount (say in USD)? Rather than direct P2P. Or does no such system exist due to the risk of fraud?

I think it is difficult to implement such a system, as banks are struggling to counter the bitcoin. This may be impossible unless bitcoin is accepted by the bank.

[pooya87]

all the bitcoin exchanges that everyone uses are like this!
bitfinex, bitstamp, Gdax (coinbase), kraken, gemeni,... even the altcoin exchanges such as poloniex, bittrex, yobit, cryptopia,...
you make a deposit in your account and that becomes your funds. you trade and the "numbers" in your balance changes up and down.

the risk is there though. the risk of these  centralized exchanges running away. it has already happened multiple times. you can search for Cryptsy and see how they ran away. but still people continue to use these.

[fiulpro]

Yes it does exist !
I am using a system like this only.
The offline wallet that I use is zebpay, its country specific.. firstly you need to verify your details and then your account is directly connected to your wallet, by account I mean your bank account.
You just need to buy bitcoins through Your account and the software usage is amazingly simple, and it allows you to widraw your balance in your wallet and then in your bank and that too within 1 day.
Its extremely fast and also Trustable, hope you will state your country first then people might know about the major offline Wallets with this wide application there.

[tamawaelah]

Does a system exist where you can add funds from a source (bank etc) and then buy BTC from those funds? And when you sell your account is credited with that amount (say in USD)? Rather than direct P2P. Or does no such system exist due to the risk of fraud?

if it's not directly credited on your account you can go try bitstamp or coinbase but not all country can use coinbase, when you looking for directly credited i think not available right now.

[carodupuis]

Yes it does exist !
I am using a system like this only.
The offline wallet that I use is zebpay, its country specific.. firstly you need to verify your details and then your account is directly connected to your wallet, by account I mean your bank account.
You just need to buy bitcoins through Your account and the software usage is amazingly simple, and it allows you to widraw your balance in your wallet and then in your bank and that too within 1 day.
Its extremely fast and also Trustable, hope you will state your country first then people might know about the major offline Wallets with this wide application there.

Well a great information, this would be good if it is used in my country too. It will help in buying and selling bitcoin easily, as bitcoin is the need of every person nowadays in a way that it is providing quick and easy ways to be rich, connection coin base account to bank account and buying bitcoin through using those deposited money or funds.

[nz_sana]

Yes, it is possible. BTC and Bitcoin Cash are now going to be traded in the IQ Option for the dollar. They provide BTC instead of the dollar and are also trading with BTC. This gave Legitimacy to Bitcoin IQ Option. 

[akash15785]

In my country, India, there are few companies which do provide this type of services. Zebpay, coinsecure, unocoin are those companies in which we directly deposit INR and buy bitcoin and vice-versa. Also, we can trade bitcoin/INR in those sites..

[priyankg3]

 bitstamp is the exchange have this feature.

[nick_nick]

Does a system exist where you can add funds from a source (bank etc) and then buy BTC from those funds? And when you sell your account is credited with that amount (say in USD)? Rather than direct P2P. Or does no such system exist due to the risk of fraud?

This trading type is very much possible but scarcely practiced by banks and companies in various countries. currently, I am aware of companies like zebpay, bitstamp and coinsecure where BTC exchanges are possible.

[DirtyMartini]

It's definitely possible but varies from country to country. Anywhere that does so will usually require you verify your account with your ID.

In addition to ones already mentioned, I use Coinjar (Bitcoin) and Coinspot (Altcoins) in Australia.
Both of these are super easy to use and allow you to trade between crypto and fiat (Australian Dollars) and withdraw as fiat.

.... for any Aussies that might be reading 

[honeyb0y]

This type of trading app is already available but their convesion rate is too far from the current price of the coin , they buy the coin for a low price and sell it to a more higher price. but yes you can deposit your fiat and convert it to btc and vice versa.

[aray80]

This is possible if Bitcoin or altcoin such as cryptopia,
poloniex, yobit and bittrex have been accepted by all Banks throughout the country. so we only invest in our account and it becomes our fund ...

[gudrun]

bitcoin enriched for many people. Bitcoin exchange can also be a business, a new business and risky. You can not sell bitcoin in seconds. It may take a few days to transfer the bitcoin

[browder07]

Bitcoin trading is a business type. But you should be careful because bitcoins are not accepted by the government. So if you encounter any difficulty or trouble, there will be no one to deal with.

[howard.ashoul]

Yes, a lot of exchanges work like that.  You can compare them http://www.coinparator.com/compare-exchanges/ and pick up best for you.

But you might face a problem - if you want to exchange money/crypto or crypto/money, you have to verify your account.

Which is not needed in case of P2P exchanges or exchanging crypto/crypto.