Bit coin question

**Sam Odom** · 06-01-17, 11:21 PM

simple answer is NO

take the time and open an acct then wait

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**nyplayer33** · 06-02-17, 10:05 AM

Anybody else

**Sam Odom** · 06-02-17, 10:10 AM

If your question is... Can one go from Blockchain directly to US Bank acct

Clearly is the answer is no

**Optional** · 06-02-17, 05:42 PM

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.

**jjgold** · 06-02-17, 06:22 PM

why so quick?

What is the rush

**QuangX** · 06-02-17, 06:22 PM

Question: If you withdrawl from bitcoin, will the IRS ass rape you?

**lonegambler23** · 06-02-17, 10:25 PM

Originally posted by jjgold

why so quick?

What is the rush

broke assss people JJ.

**nyplayer33** · 06-02-17, 10:54 PM

Lol..

**mdunlap3** · 06-02-17, 10:58 PM

Download Coinbase app, send in all required documents, takes a few days. Very easy.

**RoyBacon** · 06-02-17, 11:47 PM

Originally posted by QuangX

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.

**jjgold** · 06-03-17, 05:30 AM

No idea why coinbase takes 7 days to deposit with bank

**Optional** · 06-03-17, 05:51 AM

Originally posted by jjgold

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.

**nyplayer33** · 06-04-17, 06:22 PM

Which wallets let you use debit card..I'll ise.kraken bit it's seems difficult..lol

**Optional** · 06-04-17, 09:09 PM

Originally posted by nyplayer33

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.

**nyplayer33** · 06-09-17, 06:42 AM

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.

**Buffalo Nickle** · 06-09-17, 08:48 AM

Originally posted by QuangX

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.