Can I buy Bitcoin and withdraw to my bank directly through Nitrogen or do I still have to have the middle man such as coinbase or circle? My bank has gotten suspicious of these types of withdraws and deposits through the main two (circle and coinbase, US customer here). If I have to go through one of the middle men, are there a couple of good options other than circle or coinbase? I would also like to be able to make my deposits instantly so I can play right away and not have to wait several days for a deposit to clear if that's possible. I'm sure these questions are answered somewhere else but I thank you for any help in advance for a novice Bitcoin guy looking to get away from p2p but not wanting to lose the quick deposit method option.
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Nitrogen can't pay to a US$ account for you. Just to a bitcoin wallet.
What do you mean by your bank getting suspicous?
If it's just them asking you how the funds are generated, that's 100% normal and you shouldn't be concerned. I doubt it will help depositing from more different bitcoin exchangers. Just give them a plausible answer they can add to the account record to show they did their job and asked the question I'd suggest.
And if it really bothers you, maybe just open an account at a different bank if it isn't too much hassle.
The Airbitz exchange seems to be a popular third option to cash btc out to your bank..Comment -
My bank gets suspicious as well. I don't think they like bitcoin. Oh well none of their business really. As for as nitro goes deposits are instant for wagering. To play poker or casino you need to wait for a couple confirmations. Usually takes 10 minutes tops. They definitely pay the fastest. Withdrawls take about 3 minutes 24/7. Also you can cash out as many times as you want. That part is the best. No waiting till next day.Comment -
Check out the bitpay **** cardComment -
When you get numerous deposits and withdrawals via *************** or cash banks will ask questions due to the kyc patriot act laws..when you open the account they ask how much you are planning to deposit weekly if that changes red flags pop up....I had 68k worth of btc deposits and withdrawls of about same they sent me a questionare asking what the funds deposted where I just said online commodities trading and haven't head from them again...Comment -
How does the bank behind the bitpay card know that bitpay is taking bitcoin for deposits when bitpay shows balances in USD not bitcoin?Comment
