Can I transfer bitcoins to my bank account?

[ocid]

the bank can not accept bitcoin directly, the first thing you have to do is put your bitcoin into the digital wallet and exchange it into currency, then you can send the money you have exchanged and send to the bank account, in addition to withdrawal you can do the opposite is like a bank deposit to the stock to buy some bitcoin or buy altcoin

I agree with you, the bank can not fully accept bitcoin directly, it is because the bank has full control over the country while bitcoin is not. the bank only accepts bitcoin if it is already in exchange first to the existing currency.

[DoublerHunter]

If you are using coinbase wallet then i think that you can transfer your bitcoins to your bank account by converting or selling your bitcoin first and cashing it out and depositing to your bank account using coinbase wallet only, i am not sure because i prefer meeting up in selling or buying bitcoin so i can meet new people that can help me to either inspire me or give me more knowledge about random things.

[lnihjlbg]

No, at least for now, unless your bank accepts cryptocurrencies, but for the time being I think there are only a handful of banks that accept such as Philippine banks, but we expect that in 2018 most countries will accept bitcoin.

[w33man]

Can I transfer bitcoins to my bank account?

I don't think so. I mean it is not in nature of banks to accept crpytocurrencies yet, they have not implemented it. Although, it would really be cool if there would be banks that will accept cryptocurrencies because it is one of the most used in mode of payments these days. That's why innovation of banks should happen.

[Matrix3]

No, you cannot. Banks are not accepting bitcoins. First you have to convert your bitcoin currency to fiat currency and then transfer the fiat balance toc your bank account. from where you can withdraw your money. Bitcoin exchange will do this for you. After converting bitcoin currency to fiat currency you may have to pay taxes as per the rules of your country.

Direct transfer of BTC to the bank account for now can not.
Other crypto currencies and tokens can be converted to BTC in flat currency.
There is always the possibility that a local dealer will provide you with cash on hand.
Just be careful!

[Carlsen]

I do not know of any bank that would directly accept bitcoin.
And even if one would, I do not think they would be ensured and you will get no interest for them.
So storing your coins at a bank would not bring an advantage, I think even more a disadvantage.
When you want to convert your coins into another currency, then an exchange is the place to go to.

[waitforme]

Can I transfer bitcoins to my bank account?

What I find on the internet is that a bank in Switzerland accepts Bitcoin as a savings deposit. But now many countries are trying to ban Bitcoin especially banks because it negatively affects them.

[Hailomgse6]

you can use localbitcoins

[Pamela Jobelle]

banks cannot accept bitcoin either bitcoins exchange to fiat money. Some of the banks are not allowing bitcoin holder to invest or to have any connections to the bank if they know you're a bitcoin holder. The bank is the number one against when it comes to crypto currency. Better to exchange bitcoin to flat money then invest/transfer to your bank account.

[Achazia brigit]

Hello, Bro..

I think you couldn't transfer directly from your bitcoin.
You have to sell your coin and change it to currency, so you can transfer your money to you account..
You couldn't transfer bitcoin to your bank account, because bitcoin haven't yet regulation on bank system..

[drwhobox]

You can't send Bitcoins directly to your bank accounnt unless they do accept Bitcoin to their system.  Try checking out Localbitcoins.com for ways how to cashout BTC to fiat

Try doing this
> Put your Bitcoin to an exchange
> Sell any amount to fiat
> Transfer your Fiat to your bank account

[Addywealth]

Yes you can transfer bitcoin to your local bank account through some exchanger platforms, but very soon I believe banks will begin to accept most of the banks are just scared of their central bank if not they would have started collecting it direct.

[omerL]

Can I transfer bitcoins to my bank account?

Haha, don't think so.
I think it will never be like it because it take all the principles of it{that you control your money and not someone else}.

[judaspriest]

Can I transfer bitcoins to my bank account?

things that can not happen. if you want to exchange bitcoin with paper money, then you have to exchange it first from stock market. then after that, you can just send money to your bank account.

[btcprospecter]

I have not heard of any banks that directly hold bitcoin for people. It does go against the whole ethos of bitcoin where it is decentralised and a form of currency away from the banking and financial institutions.

With having your own wallets and keys you are your own bank. You could store on an exchange and use it as a "bank" but you run the risk of the exchange folding or being hacked. If its fiat you want sell on certain exchanges that you have linked with your bank accounts or local bitcoins.

[p i e c e]

Can I transfer bitcoins to my bank account?

As I know traditional banks do not deal with Bitcoins. Cryptobanks are supposed to take this currency and even transfer it into fiat money. However, I do not know if they work now. These projects exist and hope soon they will start working.

[desklamp]

Some countries implemented to ban the bitcoin in their area and some were not. In countries that has a bitcoin, I think that their banks can`t handle a
bitcoin. but i can gave you advice to transfer your money to your bank account. Our way is we transfer our bitcoin to our online wallet and then we convert it to ethereum and convert it to dollars and after that we send it to our online wallet that has an access in our bank.

[Herjuna]

Not directly, because the regulation of a bank in a country does not allow it, which is possible by the system of exchange or conversion into a currency that can be transferred to our account that has been registered. as long as regulation or rules about bitcoin is not clear, yet we can transfer freely

[Haterstestbtc]

Can I transfer bitcoins to my bank account?

As I know traditional banks do not deal with Bitcoins. Cryptobanks are supposed to take this currency and even transfer it into fiat money. However, I do not know if they work now. These projects exist and hope soon they will start working.

Well, in my country they are not acceptable to transfer bitcoin into any account holder because they are not legally accepted the bamking association the digital currency or crypto currency due to its volality of price in a market an of course the government itself has the biggest authority to accept.

[greeklogos]

Can I transfer bitcoins to my bank account?

I am always surprised to hear such kind of questions from not newbies rank. Man, you have spent here for two-three months and you were so lazy to check it out yourself. There is no bank in the world which would support bitcoin deposits. Yet (I really hope this is going to be changed in next few years).
When I was in my bank by some businesses the last time I have asked a manager about their politic in the case of cryptos, but she definitely was confused   and said that she doesn't know anything about it. I bet she thought that I am insane