1. 06-01-17 11:14 PM #1
    nyplayer33
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    Bit coin question

    What's the quickest way to get money from block chain to USA bank account. Am I able to withdraw to business bank account ? Some reason the site coin base is down for me
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  2. 06-01-17 11:21 PM #2
    Sam Odom
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    simple answer is NO

    take the time and open an acct then wait

    https://bitpay.com/
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  3. 06-02-17 10:05 AM #3
    nyplayer33
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    Anybody else
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  4. 06-02-17 10:10 AM #4
    Sam Odom
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    If your question is... Can one go from Blockchain directly to US Bank acct

    Clearly is the answer is no
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  5. 06-02-17 05:42 PM #5
    Optional
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    Quickest way to a bank account is using a wire usually.

    Most exchanges offer that for a 20-30 dollar fee. Kraken.com a good one for that and should be one of the fastest to set up too.

    Gemini.com, ItBit.com and Coinbase.com will all let you use ACH withdrawals to US bank accounts for free, but it takes 3 business days.

    You will have to ask them if business bank accounts work.
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  6. 06-02-17 06:22 PM #6
    jjgold
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    why so quick?

    What is the rush
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  7. 06-02-17 06:22 PM #7
    QuangX
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    Question: If you withdrawl from bitcoin, will the IRS ass rape you?
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  8. 06-02-17 10:25 PM #8
    lonegambler23
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    Quote Originally Posted by jjgold View Post
    why so quick?

    What is the rush
    broke assss people JJ.
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  9. 06-02-17 10:54 PM #9
    nyplayer33
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    Lol..
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  10. 06-02-17 10:58 PM #10
    mdunlap3
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    Download Coinbase app, send in all required documents, takes a few days. Very easy.
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  11. 06-02-17 11:47 PM #11
    RoyBacon
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    Quote Originally Posted by QuangX View Post
    Question: If you withdrawl from bitcoin, will the IRS ass rape you?
    Q if you are US and in the US I would assume all your btc related profits would be discoverable by the IRS and/or the DOJ. So the answer to your question is certainly yes.
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  12. 06-03-17 05:30 AM #12
    jjgold
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    No idea why coinbase takes 7 days to deposit with bank
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  13. 06-03-17 05:51 AM #13
    Optional
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    Quote Originally Posted by jjgold View Post
    No idea why coinbase takes 7 days to deposit with bank
    It's the ACH system that takes 5 business days to confirm the tx

    But if you choose Wire instead of ACH it only takes 1 day.


    * You need to be verfied high enough to have a US$ wallet to do that.
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  14. 06-04-17 06:22 PM #14
    nyplayer33
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    Which wallets let you use debit card..I'll ise.kraken bit it's seems difficult..lol
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  15. 06-04-17 09:09 PM #15
    Optional
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    Quote Originally Posted by nyplayer33 View Post
    Which wallets let you use debit card..I'll ise.kraken bit it's seems difficult..lol
    Gemini.com, Coinbase.com, ItBit.com and Bitstamp.com, that I know of.
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  16. 06-09-17 06:42 AM #16
    nyplayer33
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    Localbitcoins.com...was the answer. It customers me some dollars..but I g I think my cash in minutes. Thanks to a moderator on sbr for suggesting that.
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  17. 06-09-17 08:48 AM #17
    Buffalo Nickle
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    Quote Originally Posted by QuangX View Post
    Question: If you withdrawl from bitcoin, will the IRS ass rape you?
    No, selling bitcoin creates a gain which is taxable. Withdrawing to your bank is not a reportable event. If you use bitcoin for gambling, you should have minimal taxes related to transactions but could have a lot to report potentially. Whatever you make in trading bitcoin is taxable.
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