Quote:
Originally Posted by JJJ888
Can someone please tell me as a 5 year old, how do I withdraw from site to bitcoin to bank? If I am not wrong, I've seen coinbase mentioned here a lot. I have tried to open an account with them as the first step. A week now and I haven't received the "two small amounts" showing in my bank account to complete the registration? Any idea why? I am trying to create this step as Im under the impression it is the first thing I need to do for bitcoin transaction? I just wrote to bitcoin to inform them a week in and havent seen the amounts.
Lastly,should there be any concerns when these types of deposits go into your bank? Any flags or questions by the bank? How about their foreign bank checks? Just thinking out loud, but will there be concerns when these types of transactions are made in the bank regularly?
I appreciate whoever will reply. Your answers will truly help someone who is just confused right now.
Quote:
Originally Posted by goodsaint
Post #24616.
I'm assuming #24616 is the link for ETF's videos?
Here's a direct link for the youtube video
https://www.youtube.com/watch?v=1jDPjALlPrs
I would go with circle instead of coinbase since circle has no fees. However coinbase works just fine once you have it set up. Coinbase fees are ~ 1%.
I guess it really depends on the bank. I've not had any issues sending from coinbase and circle to my bank. Have not had any problems with foreign checks either.
People here have had checks bounce and have had them scrutinized by the teller. I think those things happen fairly infrequently.