Through your payment gateway or point-of-sale app
The most secure method of purchasing bitcoin is with a bank account or wire transfer. Many people prefer this method for many reasons. Banking institutions are also becoming more open to the idea of cryptocurrency as a financial asset and some like have Wirex have incorporated the exchange right into the app. Unlike Fiat currency, Bitcoin is much simple to withdraw, and you may not have to wait for days to obtain your funds. All you require to do is get a service that is ready to purchase your cryptocurrencies. You can trade Bitcoin on the crypto exchange and get cash immediately to the bank account.
- If you’d prefer your customers’ BCH payments to be automatically converted into your local currency before you receive it, this can be done.
- Simply choose a payment gateway (online businesses) or point-of-sale app (in-store businesses) that offers this service, such as Bitpay.
- The service provider will receive the BCH paid by your customers and then deposit the equivalent amount of your chosen currency in your business bank account, usually on the next working day.
- There is a small charge for this service which will be deduced from the payment before you receive it.
Through a cryptocurrency exchange
How Do I Get Bitcoin Into My Bank Account Online
- If you’re using a payment gateway or point-of-sale app that sends your customers’ BCH payments directly to your digital wallet, you can convert it yourself through a trusted cryptocurrency exchange.
- You can either exchange it for a fiat currency (e.g. USD, GBP) or for another cryptocurrency, such as Bitcoin (BTC) or Ethereum (ETH).
- To convert the BCH into your a fiat currency you’ll need to use an exchange that supports fiat-to-cryptocurrency exchanges, such as Bitcoin.com Exchange.
- Create an account and send the BCH from your digital wallet into the web wallet on your cryptocurrency exchange account.
- Follow the instructions provided by the exchange to sell your BCH through their platform.
- The exchange will then buy your BCH and send payment in your chosen currency to your bank account, minus the fee that they charge for this service.
How Do I Get Bitcoin Into My Bank Account
Through a trading platform
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- You can also sell the BCH in your digital wallet through a peer-to-peer trading platform, such as Local.Bitcoin.com.
- Create an account and list the amount of BCH you want to sell, as well as which payment type you’d like to accept.
- This can include in-person cash payments or online payments such as bank transfers.
- You’ll send the BCH from your digital wallet to a secure blind escrow account and, once you’ve received the agreed payment from the buyer, the BCH will then be released and sent to their wallet.
- Fees are significantly lower on these trading platforms, meaning you get to keep more of the money you earn.