You can be in position to transfer Crypto to a bank account if you are having an account from a provider who supports so. While very many financial providers “claim” to allow people do that, not all of them live by what they promise. In fact, very many of them simply want you to perform a Crypto exchange, and something which has seen many loose some of, if not all of their digital earnings to such scams.
If you are into GPT sites which pays into digital, and really want to transfer your blockchain earnings to a bank account so you can be in position to use your money on real life, this guide is for you. In here you will discover some important facts and information which will help you answer the above question in order for you to better understand it well.
What do you need to transfer Crypto to bank?
Crypto is not like any ordinary money which you can simply carry to any bank where you have an account. This is due to the nature and kind of currency and how it works. That is why one need to be connected, or have access to a service (can be a bank or any other financial institution) which deals in the same just like Wirex does.
What is Wirex?
Sometime back, I wrote an article about how to withdraw money from Wirex, which was related to digital currencies. In case you missed it, I would strongly recommend you check it out since it contains some vital information you may want to know.
But briefly, Wirex is one of the “trusted” service providers in the world of allowing you access digital currencies in real life. If you have a bitcoin wallet, coinbase wallet, etc for example, Wirex makes it easier for you to add the same onto your free account and spend it anywhere from a VISA supported ATM point using your card.
Having a Wirex account is like having a bank account which allows you to deposit and withdraw Crypto. If you want to spend your digital, then you will need a digital currency travel card, and which you can obtain once you create and verify your account with Wirex.