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I am beginning to dip my toes into BTC and have mainly purchased through pro.coinbase. I am looking at DCA to slowly grow my coin. What worries me is the odd post about banks locking accounts for BTC purchases, Santander seems to be the worst. I have used Monzo without any issues so far but was wondering if anyone has set up a bank account for trading only, at least if the account is frozen it won’t stop other outgoings. Any particular banks recommended, I was thinking Revolut?
Bitwala has introduced the first Bitcoin bank account. Approximately 40,000 users had already registered as customers before the official launch, which illustrates the interest in this account model. The innovative account of Bitwala is to combine the classic Fiat account with a kind of wallet, so that the usual SEPA transactions and cash pickups as well are possible, such as digital transactions with Bitcoin. The "Blockchain bank account" could already count approximately 40,000 registrations before its introduction and is to be exported in the future in further countries. The deposits are secured via the partner banks BaFin and the Bundesbank - up to 100,000 euros are safe on the Bitwala account. However, this deposit insurance applies only to the Fiat money in the account, bitcoin losses are not covered by this. The account management, however, is regulated by the partner bank Solaris. ------------------------------------------------------- Bitwala hat das erste Bitcoin Bankkonto vorgestellt. Ungefähr 40.000 Nutzer hatten sich bereits vor dem offiziellen Start als Kunden registrieren lassen, was das Interesse an diesem Kontomodell verdeutlicht.Das innovative Konto von Bitwala soll das klassische Fiat-Konto mit einer Art Wallet verbinden, so dass die üblichen SEPA-Transaktionen und Bargeldabholungen ebenso möglich sind, wie digitale Transaktionen mit Bitcoin. Das „Blockchain-Bankkonto“ konnte bereits ca. 40.000 Registrierungen vor seiner Einführung zählen und soll in Zukunft in weitere Länder exportiert werden. Abgesichert werden die Einlagen über die Partnerbanken BaFin und die Bundesbank – bis zu 100.000 Euro sind auf dem Bitwala-Konto sicher. Jedoch gilt diese Einlagensicherung nur für das Fiat-Geld auf dem Konto, Bitcoin-Verluste werden durch diese nicht abgedeckt. Die Kontoführung hingegen wird durch die Partnerbank Solaris geregelt.
Hi everyone. I have a Coinbase account. It was verified a while ago. Now I am looking to transfer my bitcoin to UK Sterling to then transfer to my bank account. I have just found out about the issues there are here in the UK. I have downloaded the Revolut App. Is this the best way to transfer my bitcoin to Euro/Pound etc? Thanks
[uncensored-r/Bitcoin] Bank Account is verified but still can't change bitcoin to euro?
The following post by Elite500 is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/69x4c2 The original post's content was as follows:
I just bought 5euros worth of bitcoin 0.0033 and can't do anything with it, is this an error?
[uncensored-r/CryptoCurrency] Transfer Bitcoin To Bank Account Instantly And safe
The following post by AndrewsHerrera is being replicated because the post has been silently removed and some comments within it have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7ufse8 The original post's content was as follows:
Coinbase is a well-known cryptocurrency exchange allowing its customers to buy Bitcoin with their bank accounts.It truly is the ultimate beginner’s exchange, allowing anyone to get into cryptocurrency. They charge 1.49% fees for bank purchases and typically deliver cryptocurrency purchased with ACH within 5 days. Bitcoin Trading Bank Account. One of the most sort after accounts is a Bitcoin Trading Bank Account – an account where the user does not need to worry about the threat of closure or delayed transactions for conducting their trading or brokerage business – plus has a fee structure that works for multiple transactions. In the United States you can buy bitcoin with a connected bank account via ACH bank transfer. In Europe you can buy with your bank account via SEPA transfer. Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. Coinbase charges a flat 1.49% fee on all transactions. A Bitcoin bank account enables one to get credit that is backed by the Bitcoins. Bitcoin preservation. A hodler can request a line of credit and continue holding the Bitcoin. Therefore, they are usually at an advantage because the value of their crypto rises. A Bitcoin hedge. Bitcoins are reasonably volatile and their price may drop. Verified Account: This account is permitted to buy up to $10,000 worth of bitcoin per day or $100,000 per month via bank transfer or credit card. Individual Business & Corporate : There is no limit at which this account can purchase bitcoins on CEX.io.
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