Bitcoin Forum
August 20, 2018, 11:09:41 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 »  All
  Print  
Author Topic: Can we connect our bitcoin money with our bank accounts?  (Read 466 times)
impanix
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile WWW
January 31, 2018, 06:45:44 AM
 #1

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks
1534763381
Hero Member
*
Offline Offline

Posts: 1534763381

View Profile Personal Message (Offline)

Ignore
1534763381
Reply with quote  #2

1534763381
Report to moderator
1534763381
Hero Member
*
Offline Offline

Posts: 1534763381

View Profile Personal Message (Offline)

Ignore
1534763381
Reply with quote  #2

1534763381
Report to moderator
BOUNTY PORTALS
BLOG
WHERE BOUNTY MANAGEMENT
MEETS AUTOMATION
SIGNATURE CAMPAIGNS
TWITTER
FACEBOOK
MEDIA CAMPAIGNS
AND MORE!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Don Pedro Dinero
Full Member
***
Offline Offline

Activity: 392
Merit: 160


★777Coin.com★ Fun BTC Casino!


View Profile
January 31, 2018, 08:28:11 AM
 #2

I don’t know exactly what you are asking.

Do you have them in an exchange or in a hardware or paper wallet?

If you have them in an exchange, you can convert them to fiat and then, send them to your bank account.

If you have them in a paper or hardware wallet, you’ll need to transfer them to an exchange first, and then to what I have explained before.

goaldigger
Full Member
***
Offline Offline

Activity: 336
Merit: 106


ICOForums.net - A Cryptocurrency & ICO Forum


View Profile
January 31, 2018, 01:54:16 PM
 #3

Connect like transfering bitcoin through your savings account? I dont think it can. In my country, even banks to other bank transfer is not allowed in terms of personal savings account. The most and only way to connect is by converting it into fiat and deposit in a regular basis. Banks and crypto are different and i dont think they even connect in the future unless the world already adopts crypto as currency.

Activity Contest  \_____◢  ICO Forums  ◣____/  Promotion Contest
New Forum for Cryptocurrency Discussion
ICO Review Contest  / ̅ ̅ ̅ ̅ ̅ ̅ ◥  ANN Thread  ◤ ̅ ̅ ̅ ̅ ̅ ̅ \  Signature Campaign
Kronos21
Sr. Member
****
Offline Offline

Activity: 434
Merit: 255


View Profile
January 31, 2018, 02:02:15 PM
 #4

There are always problems with the exchange of cryptocurrency for Fiat. The reason for this is clear. At the moment there are no proper legal status of the cryptocurrency. Bankers don't want to encourage easy access to Fiat. You can't tie your Bank account to bitcoin wallet because it is illegal. If you wish to do this you will need to demand this from their government. What is the meaning to write on this forum?
Tharel
Member
**
Offline Offline

Activity: 182
Merit: 12


View Profile
February 01, 2018, 08:16:30 AM
 #5

let me confirm your questions to avoid confusion on my part, are you asking if you can transfer your bitcoin directly to your bank account? if that's your question, yes you can do so. So far, Bank account transfers are available only in the U.S. and the Philippines, and only from selected banks in these countries.

TheBTCpost
Jr. Member
*
Offline Offline

Activity: 78
Merit: 0


View Profile
February 01, 2018, 08:27:23 AM
 #6

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks

No you cannot *connect them*

You need to trade the bitcoin you have into fiat for example sell btc to usd... then you have cash which can be transfer or deposit into your bank account

There is no such thing as connecting bitcoins to your bank
BitcoinCasinoFinder.com
Jr. Member
*
Offline Offline

Activity: 115
Merit: 1

Your GateWay to Bitcoin Gambling Greatness


View Profile WWW
February 01, 2018, 08:34:29 AM
 #7

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks

No you cannot *connect them*

You need to trade the bitcoin you have into fiat for example sell btc to usd... then you have cash which can be transfer or deposit into your bank account

There is no such thing as connecting bitcoins to your bank

Plus, connecting your Bitcoin to your bank seems like not a good idea because cryptos are kind of heated with banks and government lately. Also, you're wasting a good benefit of being anonymous. It's not like you need to hide, but the anonymity is good for security too, you know.
Hexah
Sr. Member
****
Offline Offline

Activity: 602
Merit: 261


Don't be common so that you have a sense!


View Profile
February 01, 2018, 09:05:11 AM
 #8

Your bitcoin money could connect on your bank account if only on your country accepts it and if there's a platform like what we have here in the Philippines. If you knew coins.ph wallet you will see its features of putting your bitcoin monies through your bank account. Many individuals here on Philippines are glad to the good thing it brings to save people on queueing.
lili song
Hero Member
*****
Online Online

Activity: 938
Merit: 509


FXPay.IO | A Decentralized Gateway to The World's


View Profile
February 01, 2018, 09:42:36 AM
 #9

For now still can't because some country the government not legalized bitcoin yet, now bitcoin and bank not collaboration yet.
So I think need regulations to run that things, because need time to develop that way. For me is great ideas if bitcoin can connect with bank accounts, but mostly problem still in government and can't control bitcoin.

.
FXPAY.IO.
██████
██████
███
███
███
███
███
███
███
███
███
██████
██████

▄██████████████████▄
███       ▀███████
███       █████████
███       █████████
███       █████████
███              ██
███   ▄▄▄▄▄▄▄▄   ███
███   ▄▄▄▄▄▄▄▄   ███
███              ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
██████████████████▀

▄██████████████████▄
███████████▀ ███████
█████████▀   ███████
███████▀     ██▀ ███
███ ▀▀       █▄▄████
███          █▀▀▀▀██
███ ▄▄       ███████
██████▄     █▄ ▀███
█████████▄   ███▄███
███████████▄ ███████
▀██████████████████▀

▄██████████████████▄
████████████████████
███████████████▀▀ ██
█████████▀▀     ███
████▀▀     ▄█▀   ███
███▄    ▄██      ███
█████████▀      ▄██
█████████▄     ████
█████████████▄ ▄████
████████████████████
▀██████████████████▀
██████
██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
██████
.
. A Decentralized Gateway to The World's Digital Ecosystem.
| Twitter | LinkedIn | Medium | Facebook | Bitcointalk | Reddit

ezekhiele
Member
**
Offline Offline

Activity: 196
Merit: 10

" As long as you love me"


View Profile
March 04, 2018, 07:38:51 AM
 #10

Yes ! we can but in my case I'm just using coin.ph as serve as my storage in all of my money. You can monitor your money at the same time you are the one who control it. When in comes to banks, banks may blocked your account or the banks will be the one to hold your money. If the banks will close all your money will loss. So, it is nice to keep your money in yourelself don't invest in a bank.

Virtual miner
Sr. Member
****
Offline Offline

Activity: 616
Merit: 251


View Profile
March 04, 2018, 08:51:13 AM
 #11

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks
No man!! You cannot connect your Bitcoin money with your bank accounts. You first have to convert you btc holdings to fiat. And then you can deposit that amount into your bank accounts. I hope that makes it clear. and as fas as the problem you are talking about between bankers and Crypto currency owners, that has been prevalent from so long. It's not of recent origin. Being in the Crypto market you must make yourself well versed with all these things.

   

 
        █████   █████     █████   █████   
        █████   █████     █████   █████   
        █████   █████     █████   █████   
        █████   █████     █████   █████ 
        █████   █████     █████   █████ 
        █████   █████     █████   █████ 
█████   █████                     █████   █████               
█████   █████                     █████   █████ 
█████   █████                     █████   █████ 
█████   █████                     █████   █████ 
█████   █████                     █████   █████         
   
   MAKE MONEY WITH YOUR CAR
---------_>    BlocVehicle    <_---------
 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
 

█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

    ▄█████
   ████▀▀▀
   ████
   ████
██████████
▀▀▀████▀▀
   ████
   ████
   ████
   ████
   ████
   ▀▀▀▀
 

             █▀▀▀▄▄▄██▄
             █     ▀██▀
            █
         ▄▄▄█▄▄▄
 ████▄▄███████████▄▄████
▐██████▀▀███████▀▀██████▌
 ▀████    █████    ████▀
  ████▄  ▄█████▄  ▄████
  ▀███████████████████▀
   ▀████▄▀█████▀▄████▀
     ▀▀███▄▄▄▄▄███▀▀
         ▀▀▀▀▀▀▀

Oceat
Sr. Member
****
Offline Offline

Activity: 686
Merit: 255



View Profile
March 04, 2018, 11:28:35 AM
 #12

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks
Crypto currency and fiat currency are both different and Bitcoin has an exchanges already while fiat had banks. You can't just connect both you need to trade your crypto first before you get the value of Bitcoin to fiat currency vice versa. Also banks might not accept Bitcoin because they were both incompatible to each other.

I think an exchanges can do that to their customers to let them connected with some banks but i guess it's too difficult to happen since the privacy and anonymity of user will be void.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
CryptoBry
Sr. Member
****
Offline Offline

Activity: 490
Merit: 274


RISE WITH RAYS FOR THE FUTURE


View Profile WWW
March 04, 2018, 11:35:13 AM
 #13



In my country, we have a good exchange where we can convert our Bitcoin into the national currency and have the money send to our bank accounts or for more convenience to some remittance centers having branches anywhere. I felt a little bit lucky that we have this infrastructure here otherwise it can be a big hassle liquidating our hoard of cryptocurrencies. Right now, in many parts of the world, many banks are getting hesitant to be dealing with any business connected to cryptocurrency but we are hoping that soon this trend can be effectively reversed.

          ▗▟█████▙▖                   ▗▟█████▙▖
          █████████ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █████████
          █████████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ █████████
           ▀▜███▛▀               ▄▄▀▀  ▀▜███▛▀
           ▋  ▄▖             ▄▄▀▀         ▄▖
          ▋   █▌         ▄▄▀▀             █▌  ▋
         ▋    █▌     ▄▄▀▀                 █▌   ▋
        ▋     █▌ ▄▄▀▀                     █▌    ▋
       ▋    ▄ █▌▝                         █▌     ▋
▗▟█████▙▖ ▀▀  ▀▘                          ▀▘    ▗▟█████▙▖
█████████   ▟███▙ ▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆ ▟███▙   █████████
█████████   ▜███▛ ▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔ ▜███▛   █████████
▝▜█████▛▘     █▌ ▝▀█▄▖                    ▋  ▄▄ ▝▜█████▛▘
       ▋      █▌    ▝▀█▄▖               ▄ ▋ ▀    ▋
        ▋     █▌       ▝▀█▄▖        ▄▄▀▀  ▋     ▋
         ▋    █▌          ▝▀█▄▖ ▄▄▀▀      ▋    ▋
          ▋   █▌           ▄▄▝▀█▄▖        ▋   ▋
           ▋  █▌       ▄▄▀▀     ▝▀█▄▖     ▋  ▋
           ▗▄▄▄▄▄▖ ▄▄▀▀            ▝▀█ ▗▄▄▄▄▄▖
          ▟███████▙                   ▟███████▙
          █████████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ █████████
          ▝▜█████▛▘                   ▝▜█████▛▘
.
.
.
MCVXYZ
Member
**
Offline Offline

Activity: 294
Merit: 17


View Profile
March 04, 2018, 04:12:32 PM
 #14

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks

It depends on your country and not excluded that your country's national bank ask you an answer from where do you have that money,thats my opinion,despite the fact there are a lot of countries where special financial institutions don't ask derivations.
Also your question sounds a little bit unclear.So are you interested in a legal or just in a technical issues? in technical issues i mean when you are transfering your funds from exchange platform to your bank account.

tambok
Sr. Member
****
Offline Offline

Activity: 644
Merit: 258


View Profile
March 04, 2018, 06:01:56 PM
 #15

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks

It depends on your country and not excluded that your country's national bank ask you an answer from where do you have that money,thats my opinion,despite the fact there are a lot of countries where special financial institutions don't ask derivations.
Also your question sounds a little bit unclear.So are you interested in a legal or just in a technical issues? in technical issues i mean when you are transfering your funds from exchange platform to your bank account.
At OP you must know the restrictions and policies in your country as much as we want to help you but we are not familiar with your bank policies or your government because it is really depending on your country, here in our country we have come up with a point where in it is not allowed but now thankfully that everything is fine. 
sindikat
Full Member
***
Offline Offline

Activity: 336
Merit: 106


View Profile
March 04, 2018, 06:04:32 PM
 #16



In my country, we have a good exchange where we can convert our Bitcoin into the national currency and have the money send to our bank accounts or for more convenience to some remittance centers having branches anywhere. I felt a little bit lucky that we have this infrastructure here otherwise it can be a big hassle liquidating our hoard of cryptocurrencies. Right now, in many parts of the world, many banks are getting hesitant to be dealing with any business connected to cryptocurrency but we are hoping that soon this trend can be effectively reversed.
Never the banks will not support users of the cryptocurrency. Why would the banks want to dig their own grave? Bitcoin could easily devastate the traditional banks. Fiat is the only argument that keeps banks afloat. Maybe for this reason, bitcoin is not allowed to improve its capabilities. Maybe there is a non-aggression Pact among bankers and developers?
zhekinsp
Full Member
***
Offline Offline

Activity: 392
Merit: 111


ICOForums.net - A Cryptocurrency & ICO Forum


View Profile
March 04, 2018, 06:59:12 PM
 #17

Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.

Waiting for a quick revert.

Thanks
You can connect your bank account in coinbase exchange where you can buy and sell easily but sadly coinbase is not available in India but I think you are an Indian.So if you want to convert your bitcoin into fiat you need to sell them it in an exchange basically localbitcoin site is very popular in India and you can have more price there than the actual market rate.So you can sell their your bitcoin and you need to send the bitcoin once trader crediter money to your account.

Activity Contest  \_____◢  ICO Forums  ◣____/  Promotion Contest
New Forum for Cryptocurrency Discussion
ICO Review Contest  / ̅ ̅ ̅ ̅ ̅ ̅ ◥  ANN Thread  ◤ ̅ ̅ ̅ ̅ ̅ ̅ \  Signature Campaign
KorakPawon
Member
**
Offline Offline

Activity: 224
Merit: 10


View Profile
March 05, 2018, 03:41:26 AM
 #18

I don’t know exactly what you are asking.

Do you have them in an exchange or in a hardware or paper wallet?

If you have them in an exchange, you can convert them to fiat and then, send them to your bank account.

If you have them in a paper or hardware wallet, you’ll need to transfer them to an exchange first, and then to what I have explained before.

it can be tried :
Click ‘Receive/send Bitcoin‘ on the menu and follow the instructions.
Enter the bitcoin amount you want to send to your personal wallet. we charge 0.0005 BTC as fee (regardless how much bitcoin you want to send).
Enter your bitcoin address, and your Google Authenticator PIN or SMS PIN.
Click ‘Send’.
Check your e-mail, and click on the confirmation link we sent.
Bitcoin will arrive on your wallet in 1 to 60 minutes..

Palmholder
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
March 05, 2018, 05:24:17 AM
 #19

   You gonna be kidding, Amit. What you said looks so unnatural, we use bitcoin to actually avoid banks attention, to dont let them control our funds. Do you want banks to track you, do you want to be taxed or accused in terrorism sponsorship? We use to say here: "Silence in gold", just be silent and you will avoid a lot of problems

bering
Legendary
*
Offline Offline

Activity: 1274
Merit: 1002



View Profile
March 05, 2018, 09:57:18 AM
 #20

apparently you're live in India and last month i was heard India government has been declare that use cryptocurrencies especially bitcoin are illegal in India and they said crypto similar such as ponzi system and after seeing this news i think certainly you will never connect your bitcoin to your bank accounts until your government revoke their decision


             ██ █████████████▄▄
            ████ ████████████████▄
           ██████  ▀▀▀▀▀▀▀▀▀████████
          ████████            ▀██████
         ██████████             ██████
        ████████████             ██████
       ██████  ██████            ██████
      ██████    ██████           ██████
     ██████      ██████        ▄██████
    ██████        ██████    ▄▄███████
   ██████  ██████████████  ████████▀
  ██████  ████████████████  ████▀▀




.WORLD'S FIRST CRYPTO.
MASTERNODE ADVERTISING COIN
                        ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄




         ▄▄████████▄▄
     ▄████████████████▄
   ▄███▀▄▄▄▄▄▄▄ ▀███████▄
  █████ █     █ █▄▀███████
 ██████ █     █ ███▄▀██████
▐██████ ███████▄▄▄▄▄▄ █████▌
▐██████ █▄▄▄▄▄▄▄▄▄▄▄█ █████▌
▐██████ █▄▄▄▄▄▄▄▄▄▄▄█ █████▌
 ██████ █▄▄▄▄▄▄▄▄▄▄▄█ █████
  █████ █▄▄▄▄▄▄▄▄▄▄▄█ ████
   ▀███▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄██▀
     ▀████████████████▀
        ▀▀████████▀▀
        ▄▄████████▄▄
     ▄████████████████▄
   ▄████████████████████▄
  ███████████████▀▀  █████
 ████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
 ████████ █ ▄███▄   ███████
  ████████████████▄▄██████
   ▀████████████████████▀
     ▀████████████████▀
        ▀▀████████▀▀








.WE MAKE CRYPTO.
.....ADVERTISING.....
.....GREAT AGAIN.....
TWITTER
DISCORD
BITCOINTALK
Pages: [1] 2 3 4 5 6 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!