Quote from: Cosmopolitan on February 21, 2017, 10:10:27 AM

Thanks Zend7,

Ok. Let me tell you what exactly I would like to achieve.
I have a bank account in Serbia and I have a bank account in Slovakia.
I would like to transfer some money from Slovak bank account to the Serbian one.
If I use the bank transfer, they are gong to charge me a high fee for this service and will use the high exchange rate.
However, if i buy bitcoin in Slovakia from my Slovak bank account and sell it in Serbia, then I can supposedly transfer the money to my Serbian bank account.
Could you please explain to me how you would do it (in steps if it is possible)?

Ok, let me explain it to you in steps.

1. Register an account here www.bitpanda.com
2. Create a Skrill account if you haven't one already (or Paypal but I prefer Skrill as is fastest and no pending payments once verified)
Link this account with the Serbian bank account and add your bank account there.
3. Buy Bitcoins with whatever method you feel more comfortable (let's assume in this example you buy with the Slovakian bank account)
4. Since Bitcoin is now in your wallet, send it to the deposit address given to you from Bitpanda so you send your bitcoin to Bitpanda.
5. Once you see your coins in your Bitpanda account, click Sell your coins there, click Sell all from your balance.
6. When asked what kind of payment method you want to use, select Skrill.
7. Put the Skrill address which is linked to your Serbian bank account and continue clicking next, next until you sell.
8. After 10-30 minutes money should be in your Skrill account
9. Withdraw from this Skrill account to your Serbian bank account.

I hope this helps, I try to be as specific as I could.