Post
Topic
Board Legal
Re: Can we connect our bitcoin money with our bank accounts?
by
CryptoVerseStudent
on 22/03/2018, 06:52:40 UTC
Hey Team,

It's Amit here, I have 2 bitcoins of my own. And I bought it, a few weeks ago. When bitcoins is at Rs 5.90 lakh.
Now its rate increases again and ranged around Rs 8 lakh. But nowadays, 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

If your question refers to directly connecting it to a bank account so that the bitcoin will be automatically transferred to cash on your account, it's not possible since most banks do not recognize bitcoin earning as legal. But there are lots of ways you can convert it to cash; peer to peer transaction or from trading it in an exchange.