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How to withdraw bitcoin to bank account from wallet

How to withdraw bitcoin to bank account?

Bitcoin is a digital currency that doesn’t exist physically. You can’t touch or feel it. It is a digital currency that exists in the form of an address and people all around the globe invest in it and trade it. There are so many exchanges that allow bitcoin trading at the market value of bitcoin. You can buy and sell bitcoin for cash at the best exchange rates on any of the exchange platforms. The price of bitcoin fluctuates every day as it depends on the investment in this sector from all over the world. The most frequently asked question by the bitcoin traders is “how to withdraw bitcoin to bank account?” You can’t withdraw bitcoin to bank account directly. First, you have to exchange bitcoin into cash using any of the exchange platforms then you can withdraw cash into your bank account. 

How to transfer money from coinbase to bank account?

Coinbase is a platform on which you can easily buy, sell and store cryptocurrency. Coinbase provides you a wallet in which you can store your crypto assets. Now we discuss the procedure to transfer money from coinbase to bank. You can easily sell bitcoin to coinbase fiat wallet as coinbase fiat wallet allows directly buying and selling of a bitcoin. You can sell any amount of bitcoin to your fiat wallet. After selling your bitcoin asset you can opt to either transfer the money to your bank account or transfer money to your Paypal account. The procedure is as follows.

  • To withdraw your funds, sign in to your Coinbase Commerce account.
  • Then click on the Withdraw button after selecting bitcoin in the cryptocurrency dropdown. 
  • A window will pop up then enter the amount you want to withdraw
  • Select the bank account as your withdrawal method.

How to convert bitcoin to cash?

Bitcoin is a digital or we can say crypto asset that is popular worldwide nowadays. Many multinational companies are investing in bitcoin. It can be used as a method of payment in those countries where BTC trading is legal. You can convert bitcoin to cash easily through many exchange platforms and then withdraw money into a bank or Paypal account. The exchange platforms include peer-to-peer marketplace, bitcoin ATMs, broker sites, and physical and online exchanges. On the P2p marketplace, the buyers and sellers are there to trade and you can easily buy and sell bitcoin. Bitcoin ATMs allow you to buy and sell a specified amount of your BTC assets. Broker sites act as a third party between buyers and sellers and take the commission. Online exchanges are considered the best option to convert bitcoin to cash by the bitcoin traders. 

Buy bitcoin with bank account

It should never be a false statement if we say that bitcoin is the #1 cryptocurrency in the world. The old-age question which was often asked by the bitcoin traders was “how to buy bitcoin with bank account?” You can buy bitcoin easily with bank account by following the procedure.

  • Visit coinbase and open register yourself to open an account.
  • After verification, open your account and go to settings.
  • Tap the “Link accounts” option.
  • Then add your bank account.
  • Go to cryptocurrency and select bitcoin.
  • Tap Buy/Sell option and click on Buy bitcoin.

By following this simple procedure you can buy bitcoin. You can also withdraw bitcoin to bank account easily at within a matter of minutes as discussed above. 

 

 

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