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[kaka135]

I am very new to bitcoin, and have no idea what to do with the bitcoins I have in my bitcoin wallet. I am planning to withdraw it to my local bank account, and I have no idea how to do so.

I am not sure if the process is the same for all bitcoin wallets. I am using Luno, and I understand I can actually add my bank account details there. But I don't have any balance in my MYR (Malaysia currency) account, so I have no idea how I can send the money to my local bank account.

Has anyone withdrawn bitcoins to their bank account, especially using Luno? Thanks for your help.

 

[SharkPro]

In most of countries have this facility available to withdraw you bitcoin to your bank account in cash like in india zebpay and in pakistan urdubit and there are many site that convert your bitcoin into money and send it to you :)

 

[Medowriter]

Since we dont have the facility in our country , we only sell to exchangers but it gonna be hard it just linking your wallet ID to your local bank account that all?

 

[Po1son]

Unfortunately, bitcoin is not accepted in my country and the Central Bank has even issued a notice against using bitcoins. I always have to convert my satoshis to USD.

 

[kkckkc]

I mainly trading in marketplace and my trade almost completed within twenty minutes . And a bank statement proofed also provided by my buyer . And there is no fee accrued with my trading with the buyer. :)

 

[xXInfectedXx]

It's very hard to withdraw BTC to a local bank account directly from the wallet. I was trying to do it directly from Blockchain, but I couldn't just do it with sort code and my account number. BTC to PayPal is the easiest option.

 

[Lovely]

Well,for me there are so many exchanges available to exchange my Crypto with so I either on the sites or to an individual exchanged and my local account is funded with my local currency and that's it.

 

[anorona]

I can easily withdraw
my bitcoin through the use of my coins.ph wallet. First is I need to convert it to php, then send it to my bank account.

 

[Medowriter]

Well,for me there are so many exchanges available to exchange my Crypto with so I either on the sites or to an individual exchanged and my local account is funded with my local currency and that's it.

Guess our locations tally, i wish to know if you have successfully exchanged your coins with any online exchanger, if yes I wish to know the exchanger so I can try it. Secondly were you funded before transfer?

 

[Lovely]

Guess our locations tally, i wish to know if you have successfully exchanged your coins with any online exchanger, if yes I wish to know the exchanger so I can try it. Secondly were you funded before transfer?

I have exchange it with topupgold.com it a Nigerian based site,the exchange rate is about 380 per a dollar and yes no exchanger will send funds to you first,you just have to send your funds first before exchanging,that's how it done.

 

[Medowriter]

I have exchange it with topupgold.com it a Nigerian based site,the exchange rate is about 380 per a dollar and yes no exchanger will send funds to you first,you just have to send your funds first before exchanging,that's how it done.

Thanks so much, I will try topupgold.com as soon as possible I am just been careful so that I won't be scam cos lots of people are not reliable when it comes to transactions

 

[Lovely]

Thanks so much, I will try topupgold.com as soon as possible I am just been careful so that I won't be scam cos lots of people are not reliable when it comes to transactions

you can also try nariaex.com this is more popular I have account with them as well you can chat them up on their whatapps no on the site before sending them the coins,there are reliable too

 

[lanang ari]

if you going to trade above 0.01 BTC ($100) i can help you trade to paypal/perfectmoney/skrill/neteller
without admin fee for transaction above $20, not like other exchanger usually charge $1 or more per exchange i just want to try gain trust or you can try it by yourself its local exchange in my country so you need auto translate i guess or i dont know if they accept world wide or not here is the link: triv.co.id
so if it doesnt accept world wide i can help you with my account and will show you in live stream if needed
here the trade screenshot:
i have a few satoshi left was helping a from games xD

i input $100 that example if want to get $100 paypal you need that 0.009889BTC
you can sell BTC/ETH/PM to Paypal /etc

>>>

hope it will accept world wide (you can ask the support chat) so i dont need to help you xD

 

[Medowriter]

if you going to trade above 0.01 BTC ($100) i can help you trade to paypal/perfectmoney/skrill/neteller
without admin fee for transaction above $20, not like other exchanger usually charge $1 or more per exchange i just want to try gain trust or you can try it by yourself its local exchange in my country so you need auto translate i guess or i dont know if they accept world wide or not here is the link: triv.co.id
so if it doesnt accept world wide i can help you with my account and will show you in live stream if needed
here the trade screenshot:
i have a few satoshi left was helping a from games xD
View attachment 9524
i input $100 that example if want to get $100 paypal you need that 0.009889BTC
you can sell BTC/ETH/PM to Paypal /etc
View attachment 9526 >>>View attachment 9528
hope it will accept world wide (you can ask the support chat) so i dont need to help you xD

Most of these exchanger limit their exchange currency to dollar and their own local currency but since I and lovely are from the same country I will work with her suggestion. Thanks for your contributions too

 

[Richie PM]

I used my coinbase account to send the USD proceeds to my US bank

 

[mcjerry]

Unfortunately, bitcoin is not accepted in my country and the Central Bank has even issued a notice against using bitcoins. I always have to convert my satoshis to USD.

Some countries still don't accept crypto currency. It would Have been easy for you to withdraw to your bank account. But you can still try local bitcoin website and you see someone from your country that wants to send to your bank

 

[matt9005]

Binance Jersey allows Bitcoin to fiat trading, but they have some high withdraw fees. You need to submit some documents for identity verification but I'm quite sure they won't be scamming anyone as they're operated by the same guys at Binance.

 

[overcast]

Here in my country, it'd be really hard to convert the crypto into local currency. But there are some localbitcoin exchanger. And you can definitely make use of thme for the transfer of the crypto. Though it's going to be pure risk. And something I'd not recommend for the long term in case if you are planning.

 

[cryptohub123]

You can try localbitcoins to sell your bitcoins to bank account , its p2p type exchange , so choose a buyer of bitcoin who is reputed trader. If you are from India , you can use wazirx directly to exchange bitcoins to bank account.

 

[KarthikP]

There are lots of cryptocurrency exchangers , if you live in top tier countries like US , you can use coinbase to exchange cryptocurrencies to fiat money or vice versa. Otherwise use localbitcoins or local Bitcoin exchangers.