What time does direct deposit get there?

Adam Rust

Adam Rust, Director chez WiseWage.org (2016-present)

Répondu il y a 46w · L'auteur dispose de réponses 54 et de vues de réponses 149.7k

The time depends upon two factors - the process of completing payments at your bank and the agreements made by the sender’s bank. For the sake of convenience, I’ll assume that the sender in your case is your employer. Your employer instructs its bank to debit their business account for the amount of your salary and then to transfer it over to your account. Normally, your employer should have done that in advance of payday. If your work period ended on the previous Friday, then it is possible that your employer sent the instruction as recently as Monday. Many businesses complete their payroll instructions on Wednesday. This gives their bank plenty of time to move the money. Your bank, likely having received the funds on Wednesday night, should be able to make your money available to you at 10 am on payday. Federal ACH transfers are completed by that time so they will have “good funds.”

In some cases, if there is enough trust on the part of your employer’s bank that their payment is going to clear, then the bank might agree to make the money available earlier in the week. Alternatively, some receiving banks (your bank) have policies that to send pay as much as two days prior to payday. They do this on the good faith that the paycheck you’ve received for the last months or years is going to come in again. This service is most common with certain prepaid debit card banks, because they have recognized that their lower-wealth customers desire early access to their funds. For those banks, early access to pay is a method for retaining customers.

So - short answer is: you should be able to draw on the proceeds of your paycheck by 10 am on payday, and if you have the right bank, you might be able to draw on it even earlier.

Check out my site for best-in-class debit cards: WiseWage - Workers Start Banking and Receive Pay by Direct Deposit

Jack Sullivan

Jack Sullivan, Retraité, veuf, aime les sciences, la sociologie, la philosophie

Répondu il y a 37w · L'auteur dispose de réponses 4.7k et de vues de réponses 1.8m

Réponse d'origine: What time will my direct deposit post?

It should post on your scheduled payday, sometimes earlier if payday is on a holiday or weekend. Check with your employer's payroll personnel.

Why do some Indians deposit their money particularly in Switzerland?

Srushti Govilkar

Srushti Govilkar, satiating the hunger for knowledge ��

Répondu il y a 175w · L'auteur dispose de réponses 225 et de vues de réponses 496.5k

Merci pour le A2A.
Swiss banks are one of the safest banks in the world and are popular because they keep identity, assets and name a secret and black money is stashed in these accounts by some Indians in order to avoid paying taxes.

You can also check details in the answer given by Akshat Sandh to the question Why are Swiss banks considered to be black money shelters for Indian politicians?

Saran Udayakumar

Saran Udayakumar, God made me an Indian

Répondu il y a 175w · L'auteur dispose de réponses 1.1k et de vues de réponses 28m

Merci pour le A2A.

Alok Kumar Singh's answer to Why are people able to hide their money in Swiss banks?

Swiss Bank Account Advantages:

1. Intimité
Your relationship with your Swiss bank can be compared to doctor/patient confidentiality or the private information you might share with an attorney. Swiss law forbids bankers to disclose the existence of your account or any other information about it without your consent (except for certain circumstances, which we'll discuss later). Where the similarity ends is when that privacy is violated. Whereas in the United States, if your doctor or attorney violates your confidence vous must begin legal action; in Switzerland, if a banker divulges information about a bank account without permission, immediate prosecution is begun by the Swiss public attorney. Bankers face up to six months in prison and a fine of up to 50,000 Swiss francs. And, you have the option of suing the bank for damages. Needless to say, Swiss banks are very careful about protecting your privacy.
The only exceptions to the Swiss banking privacy rule are criminal activities such as Trafic de drogue,délit d'initié or crime organisé, which we'll talk more about later.

2. Faible risque
So privacy is a big deal if you have money you don't want other people to know about, and unless you're a criminal it's highly unlikely anyone can ever find out about your account. For example, doctors who might be sued for malpractice might have money in a Swiss account to prevent them being totally wiped out in the event of lawsuit. Unethical, yes, but it happens. Really, anyone can have assets that they want to protect from attack. Sometimes, though, privacy isn't the main reason people want a Swiss bank account. Switzerland has had an extremely stable economy and infrastructure for many years and hasn't been at war with another country since 1505. Swiss bankers are also highly trained in investing and know how to grow your money.
Increasing your wealth means little if your money isn't protected. So, how safe is your money in a Swiss bank? Depositor protection in Switzerland is governed by the Swiss Bankers Association's (SBA) self-regulatory Depositor Protection Agreement and, since July 1, 2004, was also codified into the Swiss Banking Act with a few additional requirements that significantly strengthened depositor protection in Switzerland [Source: SwissBanking]. The revised Depositors' Protection Agreement covers all deposits and is also applicable to non-bank securities dealers. Protecting depositors is vital in maintaining public confidence in the Swiss banking system and, in order to strengthen this confidence, the SBA had drawn up a self-regulatory Depositor Protection Agreement with its member banks in 1984. This agreement guarantees that, in the event of a bank failure, depositors will rapidly receive their legally privileged claims. As an additional safety measure, Swiss law demands high capital adequacy. Swiss banks can therefore certainly be counted amongst the safest in the world.
In fact, the Swiss franc is considered one of the world's premier currencies with virtually zero inflation and has been historically backed by at least 40 percent gold reserves. Swiss banks are also known to have very sophisticated investment services and Internet banking.

Shripad Avhad

Shripad Avhad, worked at India

Répondu il y a 175w · L'auteur dispose de réponses 70 et de vues de réponses 118.6k

Many times we heard about People having accounts in Swiss bank.
It creates a huge controversy in India for having those accounts, but still people choose a Swiss bank for savings.
Some of the reason I could give you about this.
1. Simplicité:-
· They accept money from anywhere without questions, including illegal/black money
· They do not disclose how much a person owns to any authority
· They are the only politically neutral country in the world, no allies, no enemies.

2. Sécurité:-
The most well-known benefit of having a Swiss bank account is the luxury of being able to keep one's account private and secret. When one opens a Swiss account, there are only two parties that will know of its existence: the account holder and the banker.
On top of that, Swiss banks are considered to be some of the most secure and safe in the world

3. Trustworthy:-
Switzerland's economy is well trusted, and an account holder's money is guaranteed in the event of a bank failure. Swiss bankers also have a reputation for being some of the best financial experts in the world and are trusted sources for advice on how to grow one's net worth.Furthermore, in the event of a bank failure, an account holder's money is guaranteed by the Swiss Bankers Association's (SBA) Depositor Protection Agreement. As such, it's highly unlikely that one will ever lose money deposited into a Swiss account.

A lot of Indians have used Swiss bank accounts to avoid paying taxes. However recently several large Swiss banks have started disclosing the details on some of their customers to the GOI. There isn't much security in Swiss banking at this point in time.

Thanks For A2A.

Pradeeta Mishra

Pradeeta Mishra, vit en Inde

Répondu il y a 175w · L'auteur dispose de réponses 231 et de vues de réponses 478.2k

"Don't ask, won't tell."

Saran Udayakumar et Shripad Avhad have already covered all the basic points of interest, so I will add only a few of my own along with some background about Swiss Banking.

The Swiss are known for their incredibly clear position on secrecy, financial regulation and laws, and therefore, there is a well thought out reason behind the banking activities undertaken internationally, with the Swiss.

The Swiss Banking Act of 1934 (coll.) ou la Federal Act on Banks and Savings Banks, made it a criminal offence under its Article 47, if someone revealed a client's identity. The text read as

Art 47

1 Imprisonment of up to three years or fine will be awarded to persons who délibérément:
a. disclose a secret that is entrusted to him in his capacity as body, employee, appointee, or liquidator of a bank, as body or employee of an audit company or that he has observed in this capacity;
b. attempts to induce such an infraction of the professional secrecy.
2 Persons acting with negligence will be penalized with a fine of up to 250'000 francs.
3 In the case of a repeat within five years of the prior conviction, the fine will amount to 45 day rates at a minimum.
4 The violation of the professional secrecy also punishable after conclusion of the licensed or official responsibilities or the professional exercising duties is punishable.
5 The federal and cantonal provisions on the duty to provide evidence or on the duty to provide information to an authority remain reserved.
6 Prosecution and judgment of offences pursuant to these provisions are incumbent upon the cantons. The general provisions of the Swiss Penal Code are applicable.

Source: Page on kpmg.com

In short, it is a criminal offence to deliberately disclose or attempt to disclose a secret entrusted to a person who is an employee, appointee, liquidator of a bank, or an employee or body of an audit company. This is particularly prominent in the banks of Geneva and Zurich (Banque en Suisse).

What was the need?

The civil obligation of Swiss banks to respect the confidentiality of a

client's account arises from three legal principles: the civil right to personal privacy, the contractual relationship between customer and bank, et specific statutory provisions governing banking secrecy.

Banking secrecy being one of the most important of these obligations, la Commission (The Banking Commission of Switzerland) can prevent any bank conducting business in Switzerland from continuing operationsif the bank fails to maintain confidentiality regarding clients' affairs.

Source: Maurice Aubert, The Limits of Swiss Banking Secrecy under Domestic and International Law, 2 Int'l Tax & Bus. Law. 273 (1984). Available at: "The Limits of Swiss Banking Secrecy under Domestic and International L" by Maurice Aubert

Historiquement,
It is said that such a secretive provision was needed, especially during the pre-World War II era, when the Nazis had started to investigate into the accounts of the "enemies of the state". (HSBC files: how a 1934 Swiss law enshrined secrecy). Others say that such a position existed even before 1934 and was merely reinforced during the time. (Banque en Suisse)

Position actuelle
There had been an increasing amount of pressure on the Swiss authorities to change their stance with respect to foreign entities and international banking. As of January 2015,

Switzerland has proposed two draft laws that would seek to eliminate bank secrecy for offshore accounts and allow the automatic exchange of an account-holder’s information with foreign tax authorities. (Swiss End to Bank Secrecy One Step Closer as Law Revamp Proposed)

And therefore, not only Indians, but many others often chose to deposit their money or valuables in the Swiss numbered accounts, because of their neutral position, law of secrecy, and specifically individualized keys, making it highly controversial, safe, and intriguing haven for tax evaders as well.

Merci pour le A2A Ravinder!

__________________________

Sources referred to:

In the UK, how much money can you deposit into your bank before attracting the attention of the authorities?

Jake Holloway

Jake HollowayFintechnologist, basé au Royaume-Uni

Répondu il y a 85w · L'auteur dispose de réponses 235 et de vues de réponses 669.2k

The “authorities” don’t monitor individual bank accounts, but they do expect banks to implement anti-money laundering policies. Here is the regulation:

Anti money laundering controls and monitoring

You must put in place certain controls to prevent your business from being used for money laundering if you’re covered by the Money Laundering Regulations. These include:

  • assessing the risk of your business being used by criminals to launder money
  • checking the identity of your customers
  • checking the identity of ‘beneficial owners’ of corporate bodies and partnerships
  • monitoring your customers’ business activities and reporting anything suspicious to the National Crime Agency (NCA)
  • making sure you have the necessary management control systems in place
  • keeping all documents that relate to financial transactions, the identity of your customers, risk assessment and management procedures and processes
  • making sure that your employees are aware of the regulations and have had the necessary training

There are no fixed amounts which trigger an investigation, but most banks allow around £8K a year (€10K) in cash before asking where you got it from. They have risk models that say, for example, if someone who gets paid via bank transfer £1800 a month and then pays in £20K in cash - then they get asked where did it come from (which they might need to prove with receipts/invoices!)

£1000 in cash will not be a problem for most banks. But be prepared to answer the question, “where did you get this cash from?” - just in case.

Petros Stavropoulos

Petros Stavropoulos, I started my career in Banking in 1968 with Scotiabank Canada

Répondu il y a 110w

The amount of £1000 is not an excessive amount that is likely to attract attention. If you are not doing anything illegal, any amount of cash deposit should not cloud your decision-making with fear - even if it attracts attention. Cash is LEGAL TENDER. It is not illegal to deal in cash, if you find that it helps your business or makes you feel good about flashing it around till you get the rock bottom pricing. Especially, when you put it back in your pocket and start walking away till the vendor surrenders to your demands.

At the same time you must ensure that you are always well prepared to answer to your tax authorities if ever audited. In some countries, the tax authorities impose draconian fines for mistakes, careless omissions or minor infractions. The costs of a reputable bookkeeper could be under £500, if you keep your receipts and use some software to reconcile your transactions. Add another another £500 for the maintenance of an offshore corporate bank account (with total set up costs less than £1,200 in Panama) and you may find that the legal tax savings work to your favor. Plus you have the added benefits of asset protection and no inheritance taxes in your estate.

The Panama Papers publicity campaign gave the wrong impression by implying that offshore bank accounts are illegal. The journalists are correct that public figures (like your Prime Minister) do not have the same rights to Privacy as you.

However, your responsibility as a business owner, is to reduce your costs and protect your assets in any jurisdictions that have laws most beneficial to your particular circumstances. For details that are specific to your case, you can request a personalized (yet anonymous) assessment from Free Panama Bank Account, Anonymous Offshore Corporations, and Asset Protection by Offshore Worldwide

Christopher Richards

Christopher Richards, A travaillé dans la banque de détail et le crédit pendant des années 7; traité de fraude dans les banques

Répondu il y a 51w · L'auteur dispose de réponses 5.1k et de vues de réponses 5.8m

As much as you like: the only proviso is that is consistent.

If you have say a salary of £2000 net per months and the odd few “presents” every other month, then the Inland Revenue are not bothered, indeed neither the bank (of course -:) )

If you were to suddenly put through a large sum of money from an usual source in series of transactions outside the norm the bank would become suspicious. Particularly if the money came form overseas, and more so different countries in a short space of time, and without Letter of Credit.

The authorities would become equally suspicious if that money left the Country to other Countries in another currency. Money laundering would be RED ALERT.

As an aside I had an incident on my personal account 7 years ago now where there were a series of transaction that went through my account supposedly on my ATM/Debit Card, which geographically, in terms of time difference and incident times would have been impossible.

The computer picked up that I had made an ATM Transaction in Sterling, in the UK; one in my home town, another retail counter purchase (confirmed by PIN) in London. However the suspicion was alerted when another ATM Transaction occurred in Holland, in the between times. There was no way that I could have been in all three places within that time frame.

The bank’s fraud department telephoned me to say the account had been suspended and to go to the nearest branch of my bank. I did this and they asked to see the debit card and did a check on it and I withdrew money through an ATM at the branch. The PIN and Card matched, money dispensed, which they paid back in to the account.

In the UK, we have an indemnity scheme up to £250 for fraudulent transactions through ATMs, and that includes international transactions.

The Dutch transaction was cancelled and recalled, my account placed on “Fraud Watch” for almost a year, with each card transaction being monitored. I was also asked by the bank to place them on notice if I was going to do a large transaction (more than £500) in one day, or a series of large transactions in the course of 7 days.

Regrettably we never caught the perpetrator of the fraud, but it was nice to know that the bank had got security in place to pick up, as they referred to them “inconsistent transactions”.

Weldon Dunlap

Weldon Dunlap, Statistiques Bsas, ​​Swts

Répondu il y a 82w · L'auteur dispose de réponses 4k et de vues de réponses 1.2m

In America it takes 10,000 or more to trigger a currency transaction report. The intrest here is terrible about 1 percent maybe. I would ask your bank about inheritance from great aunt Ethel who may be dying soon and has lots of cash around the house. You may be responsible for paying final expenses and she has provided cash for this purpose how do I proceed if and when she does die bank boy? You want a paper trail so other relatives cannot accuse you of stealing can you just deposit to your account to do this…well bank boy? I would say 1000 pounds is small change. If I were worried i might buy some lovely silver coins for savings. Jewelry or diamonds at wholesale are another option. Prepaid gift cards or credit cards are another. Coin shops can provide foriegn currency or coin on the cheap. Monetize the silver with a silver loan at 75 percent purchase price and term deposit the proceeds. This protects the value of the silver to 75 percent current value, builds credit, and establishes credit history. Many precious metal lenders allow you to keep the silver in your possesion. The credit build here is twofold you have term deposits and silver assets as well as a credit history build with two competinng banking institutions. If you are depositong 1000 a month wth no income you may encounter problems if your balance grows beyond a critical limit. The great aunt ethel story may help you duscover both the monthly and yearly limit as well as a balance limit.

Ravi Radhakrishnan.

Ravi Radhakrishnan., FCA, CIA, CFE ex banker and have handled finances

Répondu il y a 63w · L'auteur dispose de réponses 124 et de vues de réponses 245.2k

This amount is reasonable and will not attract attention - if this is a one off deposit.

The phrase to keep in mind is “appropriate for the nature of business” the account holder is in.

If you are in retail, then you may not raise attention for multiple deposits.

The Financial Conduct Authority (FCA) says, the bank must be “satisfied” that the money is not “hot”.

Numerous AML rules will kick in once the “appropriate” threshold is crossed.

Can you deposit a check at the Bank of America ATM?

Joy Ahmed

Joy Ahmed, Maître de conférences en technologies de l'information et de la communication à l'UCCS (2014-present)

Répondu il y a 88w · L'auteur dispose de réponses 393 et de vues de réponses 2.2m

Can you deposit a check at the Bank of America ATM?

©Justin

Making deposits at an ATM can make your life easier. There's no need to visit a branch or wait for the mail to get your checks to the bank. But many people don’t know how to deposit funds at an ATM, or they’re not comfortable with the idea of ATM deposits. How does it work, and what do you need to know before you try it?

How to Make ATM Deposits

Be prepared ahead of time. If it's your first time, you'll be in learning mode, but the idea is to make a habit of having everything you need; you'll want to move as efficiently as possible so that you can safely get funds into the ATM and avoid holding up the line.

Bring the following:

  • A pen for endorsing checks and filling out a deposit slip (bank pens are often missing or out of ink)
  • A deposit slip, if your bank requires one (grab a few extra so you can fill these out auparavant arriving at the ATM next time)
  • An envelope,if your bank requires one

Once you're ready, the process goes something like this:

  1. Go to the machine, insert your debit card, and enter your PIN (be sure to cover your hand as you enter your PIN)Debit Card - DefinitionSecrets of Great PIN Numbers
  2. Choose the on-screen option for dépôts
  3. Choose the account you want to deposit to
  4. Enter the amount of your deposit if necessary. Some ATMs can figure out how much you’re depositing by reading from the check or counting bills -- they won’t ask.
  5. Slip the envelope, checks, or cash into the ATM
  6. Wait for confirmation and your receipt. Make sure your session has ended and that your account is no longer accessible before you walk away.

Problems with ATM Deposits

Before you make ATM deposits, make sure you know what you’re getting into (and be sure to compare ATM deposits with mobile depositsmade with your smartphone -- you might not even need to leave the house). Occasionally, ATMs make mistakes, and researching transactions can take several days (at least).

There's also the issue of fees. Search for fee-free ATMs so you can spend all of that money you're depositing.

For details on what to watch out for, read about problems with making deposits at ATMs.

When is the Money Available?

Don't expect to have all of your money available immediately after making a deposit. Some portion of the deposit ($100, for example) might be available, but your bank's funds availability policy will describe how quickly the rest of your deposit is available for spending. If you deposit cash, the money pourrait be available in your account immediately.

Which ATMs Accept Deposits?

Of course, not all ATMs will accept deposits. Your bank might not have installed ATMs with that capability at all locations, or you might find yourself using an ATM that is not part of your bank or credit union's réseau.

An easy way to find out whether or not you can make a deposit is to simply insert your card and punch in your PIN; if you see an option to make deposits, you're in business. If you want to know for sure before you make a trip to the ATM, visit your bank's website and find out where deposits are accepted.

Details®

Can you deposit a check at the Bank of America ATM?

Bank of America has long stood out for offering one of the more advanced ATM deposit systems in the United States, but over the years, the banking giant has made its ATM features even more high tech. With this overview, learn why Bank of America ATMs stand out and why they are so customer friendly.

Paperless Deposits

Bank of America is one of the banks that led the paperless deposit trend. These dépôts allow customers to drop a check in the ATM without an envelope.

Instead, the ATM reads the information from the check, and the customer's receipt includes an image of the check. But if the customer doesn't want that image and receipt, she can opt not to get one. Eliminating the hassle and security risk of paper is the whole point of automation.

Previously, customers could not see images of checks deposited at ATMs. But Bank of America made the groundbreaking move of giving customers the ability to do so. This is a step that allows customers to bank when and how they want -- at a lower cost to Bank of America.

ATMs With Teller Assist

While paperless deposits are now standard at banks throughout the country, Bank of America in 2013 introduced a new feature at its ATMs to make them stand out from the pack--Teller Assist.

"The new technology gives customers access to a range of services during extended hours to address their daily banking needs, and provides them with convenience, control and flexibility over how, when and where they bank," Bank of America stated in a press release.

"Using the new ATMs, customers can speak with a Bank of America teller via real-time video and receive the same quality of personal assistance they would if they walked up to a banking center counter."

Given that many people are at work (or coming home from work) during a bank's business hours, ATM with Teller Assist enables customers to do their banking at more flexible hours--from 7 a.m. to 10 p.m. on weekdays and from 8 a.m. to 5 p.m. on weekends.

Bank of America outlined the features of the new tool as follows:

  • Cash checks for the exact amount, including receiving change.
  • Receive cash withdrawals in a variety of denominations ($1, $5, $20 and $100).
  • Deposit checks with cash back (future functionality).
  • Split a deposit into two or more accounts (future functionality).
  • Make loan or credit card payments (future functionality).

Récapitulation

While financial institutions such as Bank of America are increasingly adding features to their ATMs to provide more convenience to customers, many people, especially young people, are forgoing ATMs altogether. Thanks to technological services such as dépôt direct, Check 21, PayPal and auto debit, it's no longer necessary to visit the ATM.

The more services ATMs provide, however, the more likely customers are to take advantage of them, especially if they can drive to the ATM rather than walk up to it. ATMs allowed customers to save the time it would take to enter a bank and wait in line for a teller. Changes in technology may one day mean the end of ATMs.

Richard Tolle

Richard Tolle, former Senior Vice President - Overseas Operations (1982-2011)

Répondu il y a 47w · L'auteur dispose de réponses 142 et de vues de réponses 206.3k

Many Bank and Credit Union ATMs accept both cash and check deposits (some in multiple currencies). You’d have to go to the ATM nearest you to determine its capabilities. Certainly a visit to the bank branch near you could clear it up. They might even be willing to go to the ATM and help you make your deposit (Credit Union employees would). My Credit Union offers check deposits through its home banking service and iPhone app.

Michael Hale

Michael Hale, A travaillé dans les systèmes bancaires d’une grande banque 5 pendant des années 20 +.

Répondu il y a 119w · L'auteur dispose de réponses 380 et de vues de réponses 313.5k

Yes, most ATMs, at least in the USA, allow you to deposit checks at the ATM. It’s easier to do it with their mobile app on a smart phone, though.

M

Chris Stevens

Chris Stevens, a étudié à l'Université Baylor

Répondu il y a 74w · L'auteur dispose de réponses 785 et de vues de réponses 657.2k

Yes. But you might not need to. Bank of America (as well as some others) have apps that will let you take a picture of a check, and use that to deposit it.

Mode Thomas

Mode Thomas, travaille chez www.Modeeworld.com

Répondu il y a 125w · L'auteur dispose de réponses 67 et de vues de réponses 160.9k

Yes, nowadays you may deposit any negotiable instrument (check, money order or paper cash) into an ATM without even an envelope. The ATM scans and identifies the amount. Just be sure to verify the amount as you deposit because sometimes the reader makes mistakes, for example reading a 5 as a 2 etc.

Sam Tuohey

Sam Tuohey, travaille chez Financial Services, Credit Unions

Répondu il y a 44w · L'auteur dispose de réponses 829 et de vues de réponses 656.8k

Yes. That and dispersing cash are the two primary functions of ATMs.

Why does PayPal deposit 2 (not 1) small amounts for bank account verification?

Craig Lawrence

Craig Lawrence, Managing Director at Realization Ventures (2014-present)

Répondu il y a 203w · Voté par

Keshav Sharma, a travaillé chez PayPal et

Dana H. Shultz, Former VP and Legal Counsel at Visa International Service Association · Author has 2.4k answers and 2.3m answer views

Most every financial institution uses 2 deposits to verify an account. Not just PayPal.

One reason is the obvious - you are much less likely to guess two numbers correctly than one if you are trying to fraudulently access someone elses account. Let"s just say for example that they make a deposit in the amount of $1 or less. So, you have a 1% chance of getting it right if you are trying guess. By using two transactions, they probability goes from 1% to 1% x 1%, or 0.01%. Much more difficult to guess correctly.

Sanjay Bhargava

Sanjay Bhargava, a travaillé chez PayPal

Répondu il y a 201w

I just saw this. PayPal was designed to be global and we wanted to have the equivalent of a four digit pin so we did two random amounts in cents to make a four digit pin. This was okay for bank accounts globally as most currencies had cents or if they did not two digits were small enough. For cards this does not work because of conversions so we fixed debit amount as 1 usd which was okay for currencies like sterling pounds and set up 9999 sub stores that paypal could debit from. Anyway this was 14 years ago and things now may be improved and different. Best of luck with your efforts.

Keshav Sharma

Keshav Sharma, Ingénieur logiciel!

Répondu il y a 203w

Adding to what Craig already said, regulations sometimes precede strategic decisions.

In some countries (eg. Germany), only one deposit is made to verify the identity of the user instead of the usual two.

Also (though I maybe completely wrong), I personally feel that it is more of a convention now (to use two deposits) than a strategic decision.

Marckinson Charles

Marckinson Charles, I am an account manager in the credit card payment processing servive provider

Répondu il y a 116w

It’s simple. PayPal does business online not face to face. I am sure the reason that they do that won’t share with the public because that"s part of their security features. I can tell you that the first small deposit was to verify the account and the second one was to confirm that the account belong to the person that they have on file.

How to deposit money on Skrill

Simi Arora

Simi Arora, ancien rédacteur de contenu

Répondu il y a 45w

C'est très simple, je viens d'avoir un compte vérifié. Ensuite, passez par l'option de TÉLÉCHARGER DES FONDS. Ensuite, Skrill / Neteller vous demandera à coup sûr de sélectionner des FONDS NON GAMBLANTS, que vous ne pouvez pas utiliser pour jouer, car ils ne vous permettent que de transférer des fonds dans ce format particulier, En raison des normes du gouvernement indien, alors c’est FAIT.

Rappelez-vous, n'essayez pas de transférer des fonds encore et encore au format jeu. Ils continueront à rejeter votre carte. Si votre carte peut être bloquée par votre banque pour des raisons de sécurité, si vous essayez plus de fois que 5 à 6 .

Le moyen le plus simple d’obtenir de l’argent sur votre compte Skrill / Neteller consiste à utiliser un système de conversion de devises électroniques, comme par exemple: Bourse d'échange. Bien sûr, vous disposerez de votre argent pour le format de jeu sur votre compte Skrill en quelques secondes.

Ram Gopal

Ram Gopal

Répondu il y a 3d

Since Demonetization, It has become increasingly difficult to bet online in India.

Prior to DeMo- Indian punters easily deposited funds to merchants such as Skrill/NETeller. The bank accounts and all cards worked fine.

Post DeMo, the government is staunch on curbing online betting and hence, it has cut off banks from these merchant sites. Your payments to merchants such as NETeller and Skrill would often be blocked and fail.

With pressure on merchants too, to curb laundering, they need to know the purpose of your funds- Gambling or Non Gambling. Once you mention the funds as NON GAMBLING- the money deposited will never be accepted on gambling sites. If you mention the money is for gambling, this alerts the bank and stops the transaction.

One solution is to deposit through Bitcoins as they are an open source and unregulated, although they are very costly and involve heavy charges. Also Skrill accepts Bitcoins only through BitPay, which charges 40% fees.

You can try to use your cards, maybe alternate sites such as Entropay/Astropay- which again are costly.

If you attempt deposits yourselves- Good luck.

Else, you can take our assistance. We help in depositing your money to your preferred sites and also withdraw from the same. In addition, we support gambling through cryptocurrencies as well.

Feel free to get in touch for info check my profile contacts happy to help you!

Muntazir Abbas

Muntazir Abbas, Directeur général (2017-present)

Répondu il y a 55w · L'auteur dispose de réponses 388 et de vues de réponses 162k

Skrill Merchant Account Sign Up

Same like other signup you need to follow the simple to steps to get a merchant account. But in this type of sign up Skrill company will contact you to get an account with them.

1st step: First step will cover your personal information like Name, address, Email and phone number.
2nd Step: In second step you will put company profile like for which company or website you want to get skrill merchant account.

In this step you will enter Company name, Company Address, Type of service/company.
right here in form you will tell about your market size like how much revenue/finance you will generate monthly. And how many workers are there in your firm Directors, CEO etc.

You can add more than one website to this form or if you want to get payment from different websites you can simply add them in steps.

3rd Step: This step is very important. In this step you need to verify company profile like If you have selected a Forex company during sign up, then you need to upload a license from your local government or any other license from international brokerage etc.

This is basically an upload form to produce legal documents for your company. You will need to give company license and partnerships deeds, Board of directors agreements and company address verification

Verification of Skrill Merchant Account

This is most important part of the account. Because Verification will decide your account sign up. This procedure is a bit lengthy and you need to wait almost 10 days to get results of your uploaded documents during sign up. They will check or contact you via email or phone you entered during sign up. Once they accept or verify your documents, they will give you an merchant account. Now the next part is how to get payments from your website or store into skrill merchant account and Fee.

Security and Fee

Is skrill safe to use? Yes it is. It is a bank regulated digital payment processor, They use multiple layers of security to ensure best level of security for their users. They have complete information of their clients or user and they also avoid money laundering and other bad ways to protect laws and money. They thoroughly check usage and size of money transferred.

Skrill Merchants Fee: It is recommended to check fee section from skrill official website, I can tell you what they are charging right now. Basically they have different fee slab for the size of amounts. They are charging up to 4% ranges from 1.9%-3.9% with a fix fee of €0.35

Benefits ans Services of Merchant Account
Low Cost Debit/Credit Card Processing
International Market and revenues
API Integration Fee no high developer skills required
Low Transaction Fee
One tap and instant payments
Multiple and flexible payment options for clients like polly paysafe etc.
Secure and safe payment system.

How to get skrill merchant account? your complete answer is here…

Stuart Butler

Stuart Butler, Construction de paiements Internet

Répondu il y a 66w · L'auteur dispose de réponses 108 et de vues de réponses 776.4k

Sorry, Skrill is not built for everyone, only those that use the internet as a global means of paying or being paid. If you can't figure out how to deposit on Skrill, Skrill is not for you. Self-select fail.

Rakesh Kumar

Rakesh Kumar, employee at moneybooker

Répondu il y a 66w

i am now working on international wallet system like (neteller,skrill,entropay) in india maximum no of banks don’t allow money like skrill neteller and entropay. if any one need money in any above wallets or currency it will be a less charge 10% of adding and withdrawing money. or any help then contact me on ([email protected]) and immediate repliey.

Aryan Mittal

Aryan Mittal, Exchanger in skrill from 2.5 years.

Répondu il y a 63w

Don't worry we are here for deposit and withdrawal in neteller and skrill any amount,any time. We do instant deposit or withdrawal in neteller and skrill from 3 years.

If interested than contact [email protected]

WhatsApp [email protected]

How to deposit funds to Skrill /NETELLER using a debit card

Siddharth Shukla

Siddharth Shukla, Service Engineer (2016-present)

Répondu il y a 28w

The NETELLER or SKRILL both eWallets allows you to make payments and purchases without worrying about your personal information.

I read many reviews and article those are talking about neteller and skrill, how can I deposit money into neteller and My HDFC/ICICI/ SBI/ Axis bank debit card Got Card declined. But none of those tell you what to do exactly. So just read and also see proofs, Today I will share Neteller and Skrill Deposit and Withdrawal reviews and solve your issue.

As i am old user of both ewallets but in starting time I really don’t know much about Moneybookers , neteller & skrill and I used my cards but deposits got declined, than I also read many review and articles but not got any good idea from those articles. Last month I was checking for virtual card I know that Neteller gives NET+ Card so I tried again on that site and this time I again tried my HDFC EASYSHOP Platinum Card but got declined. SO I think neteller still not working with Indian Cards but after 2 minute I got a call from HDFC Bank and they told me your International usage are disable so please enable

International usage than you can use your Card on neteller. SO I again asked HDFC Customer care representative that HDFC Debit card really work with neteller merchant, She told me yes sir you can use HDFC Debit card with neteller merchant and she enabled my International usage from their end and works like charm.

As know i know mostly all debit visa card working on netellar and skrill sbi , icici, hdfc etc. First you need to check your international transaction on or not . After on your international transaction verify your card at skrill or netteller which you using and from indian cards you can add only for non gambling purpose so add for non gambling purpose only it will be work like charm.

For more information regards deposit withdraw, netellar and skrill related to gambling checkout Skrill Netteller India - Dépôt de retrait de confiance i hope my answer helpful for you. Thanks for reading

Pitambar Jena

Pitambar Jena

Répondu il y a 21w

Conformément aux nouvelles réglementations et directives de la RBI, la plupart des banques indiennes refusent les transactions provenant de Neteller et de Skrill. Si certaines banques le font, elles prennent presque 15 – 20 et l’impôt est presque 50 – 60%. Vous obtiendrez donc enfin 40% de votre argent durement gagné. Mais nous avons une solution parfaite pour vous.

Nous pouvons vous fournir un dépôt / retrait instantané avec une charge très nominale.contact:9398799964/whatsapp. Nous sommes les échangeurs les plus fiables en Inde et avons presque 700 + clients satisfaits et une croissance continue jour après jour.

Remarque: Méfiez-vous des fraudes. Pensez-y deux fois avant la transaction. Beaucoup de personnes ont été trompées. Essayez donc de faire la transaction avec des échangeurs de confiance.

Jishan Khan

Jishan Khan, works at Shahrukh Khan

Répondu il y a 78w

Eh bien, techniquement, ce n'est pas de l'argent légal en Inde. Laissez-moi vous expliquer pourquoi et comment;

Je suis un Indien, je le fais. Et je le fais en toute sécurité.

Plus tôt entre 2005, bet365 avait accepté les cartes de crédit SBI, mais à présent, aucun site de paris étranger n'accepte de carte d'Inde et de divers autres pays où les paris ne sont pas autorisés / illégaux (cela serait considéré comme du blanchiment d'argent).

Toutes les cartes (Visa, RuPay, Amex, MC, Visa Electron, Discovery, etc.) ont des numéros de séquence, c.-à-d. à partir des chiffres, 4304 XXXX, 4708 XXXX, 4054 XXXX et ainsi de suite. Ici, les cartes sont vérifiées elles-mêmes en fonction de leurs numéros de séquence et identifiées quant à leur lieu d'appartenance, même à quelle banque est-elle associée et à la classe de la carte.

Par exemple, les cartes Visa avec la séquence 4101 XXXX sont des cartes de débit de classe NatWest Bank Platinum pour le Royaume-Uni, les cartes Visa avec la séquence 4207 XXXX sont une carte de crédit de classe Barclays Platinum pour le Royaume-Uni. De même, les cartes MasterCard avec la séquence 5497 XXXX sont des cartes de débit de classe Citi Bank Platinum pour l'Inde, tandis que les cartes Visa avec la séquence 4304 XXXX sont des cartes de crédit de classe Citi Bank Signature pour l'Inde.

Premièrement, pour les cartes MasterCard, les passerelles de paiement n'acceptent pas les transactions, mais acceptent les cartes pour le Royaume-Uni. Cela signifie que si vous possédez une carte MasterCard et souhaitez l'utiliser chez des marchands comme Neteller, elle DEVRAIT être enregistrée au Royaume-Uni. Tout en donnant les détails de la carte, le commerçant identifiera l'emplacement géographique de la carte et le comprendra dès la phase initiale, qu'il accepte ou non les paiements de cette carte.

Donc, ici Neteller ou tout autre marchand / passerelle de paiement étranger reconnaît la carte et traite la transaction en conséquence (c'est la première étape de la sécurité).

En Inde, récemment, en raison de nouvelles directives concernant la loi sur l'argent noir et l'argent et les transactions frauduleuses, les passerelles de paiement NE traitent PAS les paiements en provenance ou à destination de l'Inde, à moins que RBI ne soit informée de cette remise. En tant que tel, RBI donnera son accord pour que cette transaction se produise, qu'une seule fois et uniquement s'il s'agit d'une transaction VALIDE.

Neteller est un commerçant et Optimal Payments PLC est la passerelle de paiement pour Neteller qui vous prendra de l’argent et le remettra à Neteller. Par exemple, lorsque vous essayez de payer des marchands tels que Neteller, la carte que vous utilisez ou d'où vous venez n'a aucune importance, mais les passerelles de paiement comme Paysafe Group PLC NE traiteront PAS cette transaction pour Neteller par vous-même. Parce que les marchands et les passerelles de paiement travaillent séparément.

Lorsque les commerçants acceptent seulement les paiements pour leur service et facturent le montant correspondant à leurs passerelles de paiement, celles-ci ne traitent les transactions qu'après avoir respecté les règles et les politiques du système bancaire mondial (RBI, BOUS, etc.) et du système de réseau de paiement (VBV, 3D). sécurisé, etc.). Donc, Neteller peut prendre les détails de votre carte et même les enregistrer dans leurs archives, mais lorsque vous essayez de faire le paiement, la passerelle de paiement peut ne pas la traiter.

Et lorsque vous demandez pourquoi l'opération n'a pas été passée par le commerçant ou votre banque, aucune des deux ne vous donnera cette explication. Le marchand vous demandera de contacter votre banque, votre banque vous demandant de le contacter. Une fois que vous vous êtes renseigné auprès de la banque, celle-ci procède à une enquête plus approfondie sur la transaction afin de résoudre le problème et s’aperçoit que de telles transactions NE DEVRAIENT PAS être traitées, bloquant ainsi le chemin de transaction de manière permanente dans leurs systèmes ou vous demandant de vous abstenir de telles transactions. au fur et à mesure qu’ils apprennent que la quantité de liquide sort du pays (l’alerte est envoyée à RBI également). Il en va de même pour le retrait lorsque de l'argent liquide entre dans le pays.

Pour une raison quelconque, ou si vous avez de la chance ce jour-là et que le paiement de votre carte soit traité, vous devez ensuite "Valider" votre carte.
Pour plus d'informations et pour parier en toute sécurité
Contactez-moi
[email protected]

Mon numéro WhatsApp + 918058080560
And guys we also sell bet365 full verified account #IPL time ⌚
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Simi Arora

Simi Arora, ancien rédacteur de contenu

Répondu il y a 45w

Utilisez des canaux pratiques tels que Exchangepurse.com pour échanger votre monnaie virtuelle et pour un échange instantané.

Aman Malhotra

Aman Malhotra, Échangeur chez Neteller & Skrill

Répondu il y a 28w

The NETELLER or SKRILL both eWallets allows you to make payments and purchases without worrying about your personal information.

I read many reviews and article those are talking about neteller and skrill, how can I deposit money into neteller and My HDFC/ICICI/ SBI/ Axis bank debit card Got Card declined. But none of those tell you what to do exactly. So just read and also see proofs, Today I will share Neteller and Skrill Deposit and Withdrawal reviews and solve your issue.

As i am old user of both ewallets but in starting time I really don’t know much about Moneybookers , neteller & skrill and I used my cards but deposits got declined, than I also read many review and articles but not got any good idea from those articles. Last month I was checking for virtual card I know that Neteller gives NET+ Card so I tried again on that site and this time I again tried my HDFC EASYSHOP Platinum Card but got declined. SO I think neteller still not working with Indian Cards but after 2 minute I got a call from HDFC Bank and they told me your International usage are disable so please enable

International usage than you can use your Card on neteller. SO I again asked HDFC Customer care representative that HDFC Debit card really work with neteller merchant, She told me yes sir you can use HDFC Debit card with neteller merchant and she enabled my International usage from their end and works like charm.

As know i know mostly all debit visa card working on netellar and skrill sbi , icici, hdfc etc. First you need to check your international transaction on or not . After on your international transaction verify your card at skrill or netteller which you using and from indian cards you can add only for non gambling purpose so add for non gambling purpose only it will be work like charm.

For more information regards deposit withdraw, netellar and skrill related to gambling quaries checkout my profile details, i hope my answer helpful for you. Thanks for reading!

Makarand Patrikar

Makarand Patrikar

Répondu il y a 2w

Nectar:

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Is online casino deposit safe?

Albert Ivanovich

Albert Ivanovich, Fan

Répondu il y a 96w · L'auteur dispose de réponses 56 et de vues de réponses 38.3k

Sure it is if you make a deposit to the reliable facility.

Common advice - not to be lazy and do your best to find reliable casino if you do not want to lose your money or not to receive your winnings.

Reliable casinos are casinos that have good reputation, have licences (for instant issued by Malta Gaming Authority or by UK Gambling commission), withdraw money within several hours, have licenced games (by NetEnt, Microgaming, Novomatic, NYX, Playtech etc). These casinos store players deposits at special segregated accounts.

Most of casinos accept VISA deposits (you can find some of the reliable one ici ) as well as electronic payment systems. I’d advice you to use the last ones, cause this way is far more safe. You can attach your VISA/MasterCard to your, for instance, Skrill or Neteller account and to make deposits at online casinos with their help. You do not need to enter holder’s name, cvv etc. Moreover these companies can resolve disputes for you quickly. Your credit card company may not be as cooperative.

Alen Cooper

Alen Cooper, casino player

Répondu il y a 14w

Modes de paiement sécurisés

These are some of the safe way of casino deposit.More info visit this article.

All you need to enjoy all the excitement of online casino is to have an Internet connection or wifi to play from your computer, from your mobile téléphone or your tablet.

In Spain, there are already many réglementé casino websites where you can play and enjoy all en ligne casino games 24 hours a day, every day of the week.

La ligne casino games give us the opportunity to access a whole universe of divertissement on the internet, and such entertainment is often accompanied by fantastic promotions and lucrative bonuses that give us the opportunity to take even more advantage of our de qualité .

Is online casino deposit safe?

Les avantages of online casinos include the ability to access this world of loisir comfortably from home, from the bus or on a break at work.

Tous les excitation of the games that until recently we could only enjoy in a réal physical casino , but with the additional advantage of having also access to different promotions and incentives, even higher payment percentages, a huge variety and game modes and other surprises reserved only for online casinos, a huge variété of exciting games offered in the casinos, percentages of Paiement higher, games that are added continuously and surprenant functions .

Avec SSL encryption to protect information et bancaire transactions , players can rest facile when playing and deposit funds in their accounts.

If you are still looking for a casino website in Espagne , always look for those duly réglementé by the General Directorate for the Règlement of Gambling ( DGOJ ), a guarantee in terms of security of our personal date , our online transactions and also when offering a good selection of payment methods .

Secure and reliable payment methods

Currently, there is a wide sélection and variety of convenient Paiement methods available in the different en ligne casinos in Spain, so that once you have played on the web and, with a bit of chance , you have obtained avantages , you can proceed quickly , effective and mais aussi de vivre dans un environnement to withdraw said benefits from your player account using the méthode that is most convenient and approprié .

We talk about cards, bank transfer, prepaid cards and, of course, the different méthodes of electronic purse at our disposition in the market. But, let's go in parts!

Credit / debit cards

Is online casino deposit safe?

Crédit or débit cards are still one of the most used options when making transactions sur l'Internet.

And online casinos in Espagne are not the exception to the rule. All of them accept cartes comme VISA or MasterCard , but also others like Maestro , Interrupteur , American express , Etc.

when withdrawing your bénéfices in the online casino in a safe way. When you deposit in this way, deposits are usually made immédiatement.

When withdrawing funds, the term is usually (depending on the web and the transaction in question) between 1 et 5 de travail journées .

A payment method fully accepted internationally.Recently, so-called virtuel cards (such as EntroPay ) can also be used in many online casinos .

They are rechargeable cards that you can use online just like a normal VISA Carte.Electronic pursesLa dite attractive wallet payment methods (or electronic wallet, eWallet in English) have achieved great popularité in recent years among online casino users. The variety of methods is increasing, including PayPal , NETeller , Skrill , ApplePay , Trustly, Western Union , Clickandbuy , Etc.

A method that enjoys a high acceptation parmi en ligne casino players .

Vadim Slotegrator

Vadim Slotegrator, Directeur du développement commercial chez Slotegrator.com (2014-present)

Répondu il y a 11w · L'auteur dispose de réponses 95 et de vues de réponses 23.3k

If you play in a licensed online casino with various options for payments, then I 100% sure the deposits are safe. Such casinos apply all the possible measures to defend against frauds. More on the subject here: https://slotegratorltd.quora.com...

Frédéric

Frédéric, Marketing Expert | Vbet77.com

Répondu il y a 45w · L'auteur dispose de réponses 53 et de vues de réponses 14.9k

This is the reality that playing at online casinos would generally involve huge amounts of money being won and lost. However, there are many players who are reluctant to disclose personal classified details about their bank cards, etc online in the fear of identity fraud and so on. This means that online casinos, if they want to stay in business have to ensure complete privacy and deploy highest safety measures to secure customer details. They have to ensure this at each step of the game being played and even at a later stage.

As a step to assure the clients regarding the security of financial transactions, there are various online casinos who obtain operating licenses from the govt of the country in which they are working from. There are also authorized audit companies who regularly audit their accounts. To prevent any fake transactions and to protect the consumer interest, many such govt-approved online casinos have to go through strict cautious from the authorities and all their financial activities are permanently under scrutiny.

These disciplined and law-abiding casinos provide extra facilities to their customers like to assist payments and withdrawals using their credit card, and so on. Definitely, such transactions are structured and there is no scope of any money laundering, etc. Online gamers often deposit their money with money-transfer firms who ensure that the essential amount is transferred upon instruction at the perfect time and the income are instantly credited. Such companies also provide hassle-free debit cards to their clients for withdrawing money easily and without any hassle.

Leo Zeigler

Leo Zeigler

Répondu il y a 51w

Most of the casino deposit is not safe so I would like to suggest you that you should prefer monopoly casino no deposit games as like monopoly big event game. You can play this game online without paying any deposits so according to me this game is safe and you should play this.

You can also find some reliable casinos if you don’t want to lose your money. Reliable casinos are those casinos which are reliable and there is no fear of losing your money. If any casino has licence and has a good reputation, a system of withdrawing money with several hours and they have licenced games.

Is online casino deposit safe?

Aaliyah Murphy

Aaliyah Murphy

Répondu il y a 22w

Surely, yes. They are insterested in your depositing again and again, that is why this question is of the highest level of security while playing with them http://onlineroulettewheel.co.uk...

How does Bitcoin work and where do I deposit money if I want to do it?

Chris Oskin

Chris Oskin, Chef de produit / CRO chez Siliconbeach (2016-present)

Répondu il y a 28w · L'auteur dispose de réponses 90 et de vues de réponses 14.2k

How it “works” is a bit difficult to explain, but a simple explanation would be there’s a maximum of 21 million Bitcoins and the more people that want to buy them the more they are worth and vice versa (very simple)! Now, as far as how to buy a little and see what it’s like… there are many ways using your debit card, or bank account (that are safe too). If it is your first time, I would suggest Coinbase, but I do not endorse any site. Coinbase is just a very simple, self explanatory site (I actually first started off using Coinbase). To be fair, if you go to www.coinmarketcap.com and click on any one of the 1,000+ crypto currencies listed. You can scroll down a little and click on “markets” and it will list each market (website) where that coin/token is traded. There are a few big ones Binance.com, http://bittrex.com , among other huge exchange sites to trade on. That same page that I described where you click on “markets” closer to the top on the left hand side for each and every coin/token you click on you will read “website”. If you go to the cryptos website you can learn a whole lot more about that specific coin/token, crypto currency in general and download desktop and mobile wallets for keeping coins tokens that you don’t want to keep on the exchange site! You can definitely spend some time learning something that WILL be in your future…if we are going to keep computers, cell phones, tablets, etc..!! LOL I hope that’s enough to get you learning! Thank you, Chris

Olasehinde Bisola Emmanuel

Olasehinde Bisola Emmanuel, Science and tech enthusiasts

Répondu il y a 27w

I’ll assume you are new to bitcoin and there is so much to learn. I recommend you bookmark the answer so that you can follow up later. It is not going to be quick.

If you want to transfer dollars, euro, naira or whatever currency you use in your country from your bank account to another account or when you want to make a cashless payment, you have to deposit money into your bank, then the bank takes care of how the money is transferred to the other account. Other businesses perform this function especially when you want to transfer money across borders e.g paypal, western union. The bank and other financial institution that takes control or takes care of your money are called third party.

Bitcoin is a peer to peer digital currency. It is peer to peer because when you transfer money or make a payment, your money does not pass through any third party. The money goes directly from you to the receiver, no bank or third party will process your transaction. Bitcoin is not a paper or coin you can carry around or give out, it is digit on your computer. It is very good because of privacy and mobility.

Transferring money across borders usually take days to complete, and there are lot of charges because every of the third party want to cut in profit. Cryptocurrency aims to solve this problem but there is a problem of double spending. If you send a file to someone through the internet, you still have a copy and you can still send it to as many people as you want. If you send bitcoin, every node is notified about the transaction. After a few minutes, all the transactions are collected together to form a block. Each new block is also linked to the former block and this gives a chain of block.

The best and highly recommended way to acquire bitcoin is to buy it in an exchange. An exchange is a market where buyers and sellers of bitcoin meet. There are several exchange, and there is a very useful tool which recommends an exchange based on your location in 99bitcoins.

You can buy bitcoin from someone, but you can be cheated. Make sure you are buying from someone you can trust or use escrow service like remitano and btcrow. Also make sure you are not buying at a value very high than the market price.

Just like you need a bank account to store and transfer money, you need a wallet to store, receive and send your bitcoin. You can leave your bitcoin in the exchange wallet but it is not safe. There are different types of bitcoin wallet, web, desktop, mobile and cold wallet.

You can learn more about bitcoin and wallet by going to 99bitcoins and signup for the 7 days free video course. It explains bitcoin in a way that a beginner can understand. You will also see a tool in the right frame that gives you the best exchange based on your location. Go to the exchange, sign up an account and read instructions on how to get started.

Didclaimer: You will very likely come across affiliate link at 99bitcoins. I’m not the owner of 99bitcoins, I’m not a staff or blogger there and I don’t have any investment there. I just find it resourceful for learning about bitcoin and choosing the right exchange and wallet for me.

I hope this information can get you started.

marque

marque, MSCS from Beijing Institute Of Graphic Communication

Répondu il y a 28w · L'auteur dispose de réponses 62 et de vues de réponses 5.9k

Its tough one to explain how bitcoin work but simply you can understand it like in bitcoin, Transaction is a transfer of value between Bitcoin portefeuilles qui est inclus dans la chaîne de bloc. Bitcoin Les portefeuilles conservent une donnée secrète appelée clé privée ou graine, utilisée pour signer des transactions, fournissant une preuve mathématique de leur provenance du propriétaire du portefeuille.

If you want to buy bitcoin then its better to use exchange which works in your geographical area for example Huobi exchange doesn’t work in Libya or Pakistan. Remember never use fake information, it may cause you some serious problem in future and you may loose all of your assets. Chose exchange which suits your requirements i-e transaction fees etc. Every exchange have different methods for deposit money for example exchanges working in china accept deposit using wechat, Alipay, Bank cards etc. After depositing your money you can just directly buy USDT as USDT rate is the most stable one among all of the currencies. After that just trade this USDT with Bitcoin when you feel its the right time. Almost same methodology to buy other Crypto currencies like SMT or MESH etc.

Cellou Diallo

Cellou Diallo, Entrepreneur, Blockchain and Cryptocurrency Enthusiast

Mise à jour il y a 7w

How does Bitcoin work and where do I deposit money if I want to do it?

Before diving into how bitcoin works — let’s first understand why it was created and what problem it solves.

Bitcoin was created to reduce the monopolising effect that the fiat currency system—dollars, euros, pounds sterling etc.—and the traditional banking system has over the world.

Currently, a simple transaction cannot be completed without involving banks. It is also impossible to send money to people all over the world quickly and efficiently; after dealing with lots of red tape, you will still pay a considerable amount in transaction fees. Furthermore, banks have almost complete control over their customers’ assets and they can freeze and unfreeze accounts at will. Basically, the traditional currency system gives almost total control to the organisations, and less to the individual. Bitcoin is the exact opposite.

A solution like Bitcoin not only addresses the problems in the current system, it also ensures that there is a viable alternative to the highly-defective system.

Bitcoin is quite simple. It can be seen as a decentralized digital currency network that serves as a worldwide payment system. On this network, users can transact quickly and directly without third parties; transactions are anonymous and cost next to nothing. Every user has a personal electronic wallet, and total control of the wallet lies in the hand of the owner. In a nutshell, Bitcoin created a unique banking system without all the disadvantages of the traditional system.

To answer the second part of your question and as explain above the first thing you would need is a wallet, then you need a way to put money inside your wallet. This is done via bitcoin exchange like Coinbase, Bittrex and many others.

Here is a great FAQ Cryptocurrency Investing FAQs | DigitalAssetDB

Read more about bitcoin here What is Bitcoin | DigitalAssetDB

Evan Ezquer

Evan Ezquer, Bitcoin et Crypto Expert, passionné de technologie blockchain

Répondu il y a 28w · L'auteur dispose de réponses 80 et de vues de réponses 7.8k

The basics for a new user

As a new user, you can commencer with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.

Balances - block chain

The block chain is a grand livre public partagé on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptographie.

Transactions - private keys

A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a Clé privée or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The Signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called exploitation minière.

Processing - mining

Mining is a distributed consensus system qui sert à confirmer waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a bloc that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

As for where to deposit you can go to Coinbase - Acheter / Vendre des devises numériques

you’re gonna need a debit/credit card and proof of identity

Pauline Shangley

Pauline Shangley, Membre de l'équipe à ChangeNOW (2018-present)

Répondu il y a 28w · L'auteur dispose de réponses 65 et de vues de réponses 7.7k

I assume you’re asking about crytocurrencies in general, aren’t you? They are based in a technology called blockchain that enables transparency and trust automatically. It does it by having a bunch of ledgers, located all around the world, that record information (transactions). In this way, information isn’t just recorded on one ledger, but on thousands! Thus, if one of the ledgers is compromised, it doesn’t matter. How cool, right?

To deposit money you have two options. Option one: go to an exchange like bitstamp, gatehub, or coinbase and create an account. This will requiere you to submit all of your personal information (even your SSN and address). Then, wait several days, perhaps weeks, to get your account verified. After it is verified you’ll be able to make a wire transfer to deposit funds into your account. Once your account is credited, you’ll be able to buy crypto. That’s a pain in the neck!

Here’s option two (easier way): use Change maintenant. All you have to do is buy the cryptocurrency you’d like to buy with your credit card (there are 85 different altcoins available). This requieres no account creation nor giving away your personal information so your privacy stays protected, and it doesn’t requiere you to wait days or weeks for your account to be credited. So, you’re able to get started ASAP and not risk missing out on prices moving up!