Hey Team,
It's Amit here, I have 2 bitcoins of my own. And I bought it, few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged aroung Rs 8 lakh. But nowdays, there seems to be a problem between Banks and the Crypto-currencies owners.
So , I just want to confirm that anyhow we can connect our bank accounts with bitcoin money.
Waiting for a quick revert.
Thanks
Crypto currency and fiat currency are both different and Bitcoin has an exchanges already while fiat had banks. You can't just connect both you need to trade your crypto first before you get the value of Bitcoin to fiat currency vice versa. Also banks might not accept Bitcoin because they were both incompatible to each other.
I think an exchanges can do that to their customers to let them connected with some banks but i guess it's too difficult to happen since the privacy and anonymity of user will be void.