Thread: Money Bitcoin Take?
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Old 10-12-2017, 09:24 PM   #535
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Quote:
Originally Posted by scho63 View Post
Here's a simple question for us non-techies or blockchain masters:

Let's say you were smart and put up $1,000 a few years ago and now you have $50,000 in bit coins. You decide you want all the cash to put a deposit on a house.

How is that done?

How long does it take to get your money?

How are the funds delivered?
Sell bitcoin on an exchange. Get cash deposited into your cash fund at said exchange, similar to an online stock brokerage account. ACH money from said account to bank account.

I’ve done this in Coinbase before and had the money in my account the next morning. However, larger amounts may take longer, as I only did this for ~$5k.
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