Alright, so I was kind of in a scramble in order to sell some Bitcoin today. I have a huge bill to pay at the end of the week (700 euro) and I do have the Bitcoin available, but how can I get them sold in order to receive the funds, preferably within 24-48 hours? Hmmmm….
You have the obvious options, of using LocalBitcoins. Find someone in your area/country who is willing to pay either cash or Paypal (which I absolutely refuse to use). Heck, even a bank transfer could be nearly instant if they use the same bank as yours…. Interesting….But no.
Hang on…I talked about this new Swedish Bitcoin exchange called Safello, who are offering instant bank transfers to your account when selling your Bitcoin. Well, SOFORT-banking shouldn’t take more than 24 hours…Maybe I’ll try that?
It’s a good thing I got Safello verified a few days ago, because I was planning to use their service some day. Didn’t really expect to be this soon, but why not, eh? It seems straightforward enough to me anyway.
So I put in my sell order for 2 Bitcoin, which is 703 EUR and change, close enough to the amount I actually need, and I can still buy a bag of M&M’s with the change. Excellent stuff.
It will ask you to select which bank account you want the funds transferred to, so I pick the one I have added, then continue, then confirm. Bada-bing Bada-boom, you get a payment page to send the Bitcoins over within a 15 minute time limit.
So I sent over the Bitcoin from my online wallet (MyWl.lt <3) , it gets confirmed immediately on the Safello payment page, and I am greeted with a confirmation page saying my order has been successfully executed. So far , so good!
A few minutes later, I see an email appearing in my mailbox, coming from Safello. It’s a PDF receipt of the transaction, with their company info, my info, the amount, VAT (0% for Belgium, woo!) , etc. I guess this is done in case you live in a country where you have to pay taxes on Bitcoin, should it ever come to that. Swedes are clever that way….
So now all there is left for me, is to keep an eye on my bank account tomorrow and see if the money came through. Assuming SOFORT doesn’t run into technical issues, I should have the money by tomorrow, or worst case scenario, Thursday morning. I’m excited!
I will post back tomorrow on this article to let you all know whether I have received the funds or not, so make sure to re-visit the article!
UPDATE : Funds have been received, didn’t even take 24 hours. Well recommended service!
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