Take the 2-minute tour ×
Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It's 100% free, no registration required.

Is it possible to send funds from a bitcoin account via routing number to a trading account?

share|improve this question
add comment

1 Answer

Not without an intermediary. Banks deal with traditional currencies like Euros or US Dollars, whereas Bitcoin is completely based on transactions involving bitcoins.

The only reason bitcoins have a value denominated in USD or Euros is that there are people willing to buy them for that value. Other than that bitcoins and traditional currencies are completely detached from each other.

So either your bank accepts bitcoins and allows you to trade them or, more likely, you'll have to find someone who buys bitcoins and then you transfer the money you received in exchange to your bank account.

share|improve this answer
add comment

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.