Bitcoin Forum
May 03, 2024, 08:59:28 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Looking for some help transferring bitcoin to my bank  (Read 229 times)
Nine00FourTwo (OP)
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
July 11, 2019, 10:35:11 AM
 #1

Hello everybody 👋🏽

This is my scenario;

- I Have electronics for sale on my online website
- Customer buys electronics with their bitcoin
- Bitcoin payment received
- bitcoin automatically converts to usd and deposits into my bank
- I can use the money on my card

Is there an API or online program that does the bitcoin to bank automatically?
I tried searching around but I couldn’t figure out the exact wording so a bunch of random stuff just pops up that’s not related. 

Thanks for your help ima noob lol
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714769968
Hero Member
*
Offline Offline

Posts: 1714769968

View Profile Personal Message (Offline)

Ignore
1714769968
Reply with quote  #2

1714769968
Report to moderator
1714769968
Hero Member
*
Offline Offline

Posts: 1714769968

View Profile Personal Message (Offline)

Ignore
1714769968
Reply with quote  #2

1714769968
Report to moderator
bitmover
Legendary
*
Offline Offline

Activity: 2296
Merit: 5917


bitcoindata.science


View Profile WWW
July 11, 2019, 10:41:55 AM
 #2

I don't know such services very well, but you can use bitpay.com
They do exactly that and are an old service, many people says good things about them.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
Bitlover10
Full Member
***
Offline Offline

Activity: 291
Merit: 105

Love is all


View Profile
July 11, 2019, 12:20:15 PM
 #3

Is there an API or online program that does the bitcoin to bank automatically?
As much as I know there is no API or online system who automatically convert bitcoin to fiat and deposit in your bank account. And I don't think so it's needed because its cause lot of problem. In first place if it's automatic then you don't know on which price they are going to convert and deposit fiat in your bank account.
And if you really need cash then don't go with bitcoin. You can directly sold your stuff for fiat.
Also if you have bitcoin and need to cash then use Bitcoin ATM if it's available in your area or you can can use peer to peer exchange That's the best way.



Bitcointalk
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3013


Welt Am Draht


View Profile
July 11, 2019, 12:39:52 PM
Merited by suchmoon (4)
 #4

You need a third party service to do this on your behalf if you don't want to do it yourself.

As above - https://bitpay.com

Also - https://commerce.coinbase.com

You can also do something with this - https://btcpayserver.org by linking your own exchange account but I'm not totally sure how.

If I were you I wouldn't put a vast amount of effort into this. You're likely to find very few people will want to spend BTC. I doubt merchants release stats as they're too embarrassing.
Nine00FourTwo (OP)
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
July 11, 2019, 09:04:09 PM
 #5

Thanks. Maybe bitpay will have that option To automatically transfer it to my bank. I wonder if there’s any other services that do this.
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3013


Welt Am Draht


View Profile
July 11, 2019, 09:20:25 PM
 #6

Thanks. Maybe bitpay will have that option To automatically transfer it to my bank. I wonder if there’s any other services that do this.

That's Bitpay's core business.

Other than them there are very, very few other choices. Coinbase do something similar but they seem to be slowly losing interest in providing it.

There are many more that help you accept crypto only. It's the winding up in your bank bit that most can't manage. Getting and keeping banking is the hard part.
LTU_btc
Legendary
*
Offline Offline

Activity: 3052
Merit: 1330


Slava Ukraini!


View Profile WWW
July 11, 2019, 11:34:39 PM
 #7

Thanks. Maybe bitpay will have that option To automatically transfer it to my bank. I wonder if there’s any other services that do this.
Yeah, as I understand from their website, Bitpay automatically sends money to your bank account. I just don't know is is there any proccessing fee for it.
There are some other popular crypto payment gateways like Coinpayments or Coingate, but as I know they only allow to withdraw money to your bank account manually.

Velkro
Legendary
*
Offline Offline

Activity: 2296
Merit: 1014



View Profile
July 12, 2019, 12:52:09 AM
 #8

Is there an API or online program that does the bitcoin to bank automatically?
There are companies like that. They take hefty fee but do exactly this job u described.
You need to see the terms of it and use it on your site.
I won't say any services name like that, already users put here some of them.
Welcome and good luck Smiley
Nine00FourTwo (OP)
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
July 12, 2019, 01:06:55 AM
 #9

Is there an API or online program that does the bitcoin to bank automatically?
There are companies like that. They take hefty fee but do exactly this job u described.
You need to see the terms of it and use it on your site.
I won't say any services name like that, already users put here some of them.
Welcome and good luck Smiley

Thank you! I wouldn’t mind the name sit you can share. I just couldn’t find them on here.
crypmon259
Jr. Member
*
Offline Offline

Activity: 40
Merit: 2


View Profile
July 12, 2019, 01:26:25 AM
 #10

Thanks. Maybe bitpay will have that option To automatically transfer it to my bank. I wonder if there’s any other services that do this.
Yeah, as I understand from their website, Bitpay automatically sends money to your bank account. I just don't know is is there any proccessing fee for it.
There are some other popular crypto payment gateways like Coinpayments or Coingate, but as I know they only allow to withdraw money to your bank account manually.

There will always be a fee. Bitpay charges too much in my opinion. There are others like spectrocoin , coinbase pro, goUrl , CoinsBank etc. You can check each of them to see what kind of your needs they fulfil.
Doranile432
Member
**
Offline Offline

Activity: 476
Merit: 22


View Profile
July 12, 2019, 04:02:36 AM
 #11

I don't think you can find what you are looking for because I haven't seen any platform that offers such means of payment ,the most convenient payment gateway is luno ,its cheaper and faster but you will need to do the withdrawal yourself not automatic
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!