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Will we be able to withdraw crypto from local banks?

Patrik

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from ATM's ?
 

Niftyyem

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I guess that is what Bitcoin ATMs are for. Also, if I put into consideration how things are done with the Luno wallet app, then I could say that is happening already since all you have to do is link your local accounts to the wallet and you get your funds in your country's currency.
 

Sincerem

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I guess that is what Bitcoin ATMs are for. Also, if I put into consideration how things are done with the Luno wallet app, then I could say that is happening already since all you have to do is link your local accounts to the wallet and you get your funds in your country's currency.
That's it, link you're local bank to luno or bundle Africa, if you're residing in Nigeria or Ghana. Bitcoin has achieved such pattern already, I withdraw my coins directly to my bank account, because some ewallet platforms made it look easier.
 

Sake

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Do you mean withdrawing Cryptocurrencies into fiat money directly? If so yes it will happen for sure some banks are allowing this already there's even a bank here in my country that sells Bitcoin. When the world fully accepts Cryptocurrency everything will adapt it for sure.
 

Carson20t

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You know its really amazing at what unprecendated level even btc and crypto currency has grown.In other developed countries it has really advanced on the usage of crypto to accept payments in exchange of goods,services and commodities.Although things have not settled just yet.So basically there wil be a separate system that will be intergrated in selected areas where transactions will be done from.Its happening like that in selected countries.
 

Josemendez

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from ATM's ?
In some countries there exist Bitcoin ATM machines where people withdraw their Bitcoin to cash. Some wallets also allow conversion from cryptocurrency directly to local currency . I use luno for my owner conversion
 

Patrik

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Thank you everyone for the comments, that actually gave me an idea, instead of withdrawing paypal to local bank, i will start using Luno instead, because Paypal cuts 5$ from every withdrawal to your local bank you do.
 

BrolySSJ

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from ATM's ?
There are many banks worldwide that are now actually looking into the integration of crypto into their financial services, in order to be able to promote the crypto use through banks as well, allowing them to benefit. Therefore the possibility is definitely there. In some countries, there are also bitcoin atms that allow you to sell your crypto for the fiat currency. Other wallet also allow you to easily link your local bank account as a means to withdraw. Therefore the facilities are currently there, just not as prominent as one would hope.
 

giddy

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Bitcoins ,Etherium or any other crypto currency can not be withdrawn into abank account directly. You can either sell them to somebody who then transfers money to your bank account, or you can sell them at an exchange and withdraw the funds from there. The first method may be quicker to set up but is a bit more risky.
They is this app for selling crypto(luno)
 

Hasan Raza

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from ATM's ?
Don't be disappointed because every problem has a solution.
In near future the local bank may provide this type of facility but if they don't do this the cryptocurrency maker and their controller will stand their own bank and ATM,s through which we easily deal directly.
But it could place only when the government grant permission of cryptocurrency legally.
 

Tayyabah

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from ATM's ?

Crypto can not be withdrawn into a bank account directly. You can either sell them to somebody who then transfers money to your bank account, or you can sell them at an exchange and withdraw the funds from there. ... Directly trade with someone who wants to buy crypto using currency.
Otherwise may be in future it will be happened in all over the worled but now there us no way.
 

Aumeabbas

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from ATM's ?
In Pakistan still not allowed to withdraw Cryptocurrency from any local bank or atm. While as we know this currency is going famous and favourite among people its possible in near future, we can draw from evry bank or atm.
 

Bilal0087

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from ATM's ?
I think yes because digital currency is the future of world. I know this is illegal in many countries, but in the coming years it is expected that it will become legalise and we would be able to withdraw our money through ATM and any local bank.
 

Sotherefore

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Although there are some wallet that can help you withdraw your cryptocurrency to cash and transfer it to your bank account but cryptocurrency cannot be withdrawn directly to bank as the banking system does not support crypto withdrawal, you are to sell it to someone and that person will transfer the money directly to your bank that's how it is done.
 

MastetG

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I think it has not been generally authorized but we have bitcoin arms in few places
I guess that is what Bitcoin ATMs are for. Also, if I put into consideration how things are done with the Luno wallet app, then I could say that is happening already since all you have to do is link your local accounts to the wallet and you get your funds in your country's currency.
 

Ralphjoe

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This is what we do here in Nigeria already, we can withdraw our Bitcoin earning straight to our bank account in a matter of minutes.
This innovation in Bitcoin technology has made Bitcoin the number one payment gateway for so many of us in Nigeria, like me I prefer to use Bitcoin to earn online than any other platform.
 

Kinglegend01

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Cryptocurrency is getting day by day a part of everyone's life, it's getting more popular day by day and it's doing very well if you are aware of the recent news, do you think someday local banks will supoort it and we will be able to withdraw from our wallets directly from
Yeah I see cryptocurrency been accepted as a official currency for payment of goods sold and services rendered because for one its more portable than the regular money, besides it's a more universality acceptable mode of payment around the globe without the usual currency convertion.
 

Oscar

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This already exist, I deposit money from my local bank to buy cryptocurrencies and I also withdraw to my local bank just with my smart phone even though the rates can be high sometimes. Cryptocurrency has really been made easy and simplified.
 

Peterlight

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This already exist, I deposit money from my local bank to buy cryptocurrencies and I also withdraw to my local bank just with my smart phone even though the rates can be high sometimes. Cryptocurrency has really been made easy and simplified.
I think the question is asking ifsomeday we can go to the bank and deposit or buy cryptocurrency into your personal account not using any app or phones

I think this will be possible in the next 4-5 years but that's after the world have fully understood the meaning and worth of cryptocurrency
 

Ojonuyo

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Great thinking! I have never sat to think about that, how lovely and easy life can become when we are able to withdraw our crypto currency into our bank account. This alone can save tons of money being charged all in the name of money exchange from one exchange point to another then finally to our country currency.


Technology is increasing every day, and different types of crypto currency are arising ranging from Bitcoin to ethereum to ripple and many more.

I believe the future is bright, the more these kind of crypto currency keeps arising daily, all the nations of the world might even get to accept it over their own currency. And make it easy.
 
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