ACH

JustifiablePA

Use Gemini credit card to earn btc-back, pay off cc each month with Fold debit account, earn sats-back for monthly ACH. Every purchase yields sats. 53% of paycheck DD'ed into Strike. Every side gig or contractor gig I take into Strike at 100% Years ago I started by cutting my monthly subscriptions and allocating that monthly balance as my DCA. $10/day consistently for years will be enough.

ElderMight

Robinhood has a daily withdrawal limits of $50k. ACH withdrawal takes up to 5 days or more to process. So it would be at least 10 days before all the money hits OP's bank account. Then OP would have to send the money to another exchange. Depending on the bank, OP's bank could have a monthly withdrawal limits or they may flag any large withdrawals and halt it. My bank's wire limit is $25k. If that's the case, it will take at least 8 months to move that money to the exchange to rebuy.

OprahsScaleBroke

Alchemy Pay (ACH) 🚀🌙💰🎆

2LostFlamingos

This topic is always a concern of mine. I sold a small amount last night that I had on there, mostly from credit card rewards. Requested an ACH to my bank account last night. It’s in my bank already Monday morning at 9 AM. Approx $1k USD. I’ll rebuy later. Not trying to be dismissive. I’m always keen to hear issues such as this. I’m not sure why you are having issues. It is upsetting that their response time is slow.

user_name_checks_out

Okay, I got you. At first you wrote "ach" rather than "ACH", the latter (uppercase) denotes an acronym. I thought you stubbed your toe or something.

Key_Friendship_6767

Go google ACH bank transfer lol… 😵

low_contrast_black

I do. But I live in a corporate-owned complex in a large city. The only way we can pay is credit, debit or ACH.

ElderMight

Go to the coinbase sub and read all the posts from people whose accounts are frozen, still waiting months to get access to their bitcoin. My account was also frozen by coinbase through no fault of my own because of a glitch in their system when I initiated a $500 ACH deposit. I couldn't deposit, withdraw, sell or buy. Support was dogshit auto resolving my ticket without doing anything. I'll never use coinbase again. On top of that, coinbase was recently hacked, leaking customer information. Now I constantly get scammer calls trying to get me to give them access to my coinbase account. Lots of other people LOST their money to these phishing scams. To say nothing will happen leaving your coins on coinbaelse or any other exchange is not only ignorant of what's been going on but also borders on malicious.

SunDreamShineDay

>There is literally ZERO reason to use a stable coin for this if you have access to USD. Perhaps ZERO for you, but not everyone wants the results you do If your priority is safety and preservation of capital, the HYSA like you said is the way to go, however if your priority is crypto access and liquidity, the USDC held on an exchange has advantages. 1. 24/7/365 Instant liquidity in crypto markets 2. Easier to move internationally compared to USD in a bank 3. Crypto transfers are near instant. ACH transfers can take 1-3 business days 4. Some HYSA accounts have monthly withdrawal transaction limits For those wanting the above, USDC on an exchange is the best option

Personal-Reality9045

Increasing block size is a stupid idea, that makes it more difficult for blocks to propagate the network. Smaller and more frequent blocks are better. This has been quantified and measured. Understanding the traditional monetary system and how it solves scaling is crucial. In this space, there appears to be limited understanding of market infrastructure and traditional finance system operations, particularly regarding the role of clearinghouses. Clearinghouses and cryptocurrencies face similar capacity issues, requiring layered system solutions. For instance, Fedwire and ACH can only handle limited transactions simultaneously. These systems are append-only, similar to blockchain technology - when you send a wire transfer, it cannot be reversed, just like cryptocurrency transactions. The base layer wire system solves custody risk, which is an improvement, but still faces clearinghouse capacity limitations. The global financial system addresses this through layers of clearinghouses, including sovereign clearinghouses and various clearing networks. America uses ACH domestically for retail and fed wire for large sums between banks, while SWIFT handles global transfers - both being slow and expensive systems that cryptocurrency aims to expedite. Cryptocurrency also eliminates the need for the Eurodollar system, which countries use for large international trade settlements. Without custody risk, there's no need for this intermediary system that prevents transaction reversals in major international trades while eliminating the sanction ability of the central authority, currently, America. What is also important to note, to solve liquidity issues,in this space, you need the repo market for short term treasury loans. International trade via Eurodollar runs on 2 separate clearing systems. The scaling problem for clearing has been solved but remains poorly implemented. Solutions like netting and multiple clearing systems exist but aren't widely adopted. The concept of scaling a single clearing system to handle global transaction capacity is impractical. Instead, different layers of responsibility are needed, similar to how a rocket uses different stages to address various challenges in space travel. Claiming the correct spec deviated from Satoshi's plan is dogmatic. Mis guided zealotry that pollutes this space, people claiming to properly interpret the white paper as if they were golden idol high priests for religious scripture. Grow up. Put your head down and do some real engineering and bring solutions instead of bitching. Protocols need to evolve as they collide with real world use case. Satoshi is gone. The tech is open source.

StevKrav

What country? ACH?

StevKrav

What country? ACH?

StevKrav

What country? ACH?

SeparateLibrarian396

yeah the ACH thing sucks, i found a place called wehatefeds dot com that lets you buy and receive asap

StevKrav

I signed up with them, and this is what I see when trying to deposit cash: \*\*\*\*\*\*\*\*\*\*\*\*\*\*\* Bank Account Buy now, send in 10 business days Deposit fee waived Up to $3,000 Debit Card Buy now, send now 1.99% deposit fee ($.99 min fee) Up to $500 Wire Details Buy & Send on arrival Deposit fee waived Unlimited Deposits Direct Deposit Buy & Send on arrival Deposit fee waived Unlimited Deposits \*\*\*\*\*\*\*\*\*\*\*\*\*\*\* I was planning on using a debit card, but more than $500, so....??? An alternative is bank account (ACH?) but the wait is 10 DAYS...???

omg_its_dan

Because ACH transactions take several days to clear. Some exchanges will let you withdraw a certain amount once you have enough history, but they’re taking a risk by doing that. If you are buying larger amounts and want the funds available immediately, use a wire transfer.

AtmosphereOdd2644

Alchemy Pay (ACH) will be a big contender in cross border payments and finance 🤙🏼

Apprehensive-Rip-622

What's the benefit of having a bunch of bag holders if the team has assigned all of the tokens to Keeta, Inc. (meaning 40% of the token supply can never be sold)? Why would Eric Schmidt, the former CEO of Google, personally introduce Keeta to the Google Cloud team to serve as a partner and prove that the chain is capable of processing over 10M TPS? Why would Ty Schenk, the CEO of Keeta, be invited to speak at SALT Wyoming on the same stage as people like Eric Trump, Cynthia Lummis, and Chris Waller (among other very prominent figures in the industry)? I don't disagree that we are still in a speculation phase but Mainnet is right around the corner along with multiple partnerships that will be announced with Mainnet or shortly after (all of whom we've been told are large institutional companies - rumors surround Visa, Bank of America, Citi, etc.). I think another thing you are also overlooking is with respect to DSO (how long corporations wait to get paid). Keeta's tech allows companies with payments that traditionally took weeks to clear to be executed in milliseconds. No clearing houses, no waiting on ACH windows, no floating funds in limbo. Just to put this into context, Apple has a DSO of roughly 30 days and in 2023 generated \~$394B in revenue. With a DSO of \~30 days, that's \~$32B stuck in receivables at any given time. Even with Apple's credit profile, financing $32B carries with it opportunity cost, interest rates, and exposure to market risk. Having a solution that can immediately shorten this to milliseconds would allow companies to free up large amounts of working capital instantly, a massive competitive advantage. If you're not interested in the project, so be it. Happy to circle back with you in the coming months and if I'm wrong I'll be happy to admit it. I hope you would grant me the same type of courtesy. Cheers.

chanical

Both RH and Coinbase have ridiculous fees... Gemini is probably the one to go with (no fees for depositing crypto, no fees for withdrawing FIAT using ACH transfers - lower seller/taker fees than both RH and CB) - but also look at Kraken and Uphold (one potentially attractive thing of Uphold is that their limit orders are "all-inclusive" of transaction fees - meaning if you set a limit sell order for 1 ETH at a target price of $5000/ETH, if/when it executes, you will net no less than $5000... sure, the market spot price at the time of the transaction will likely be higher by \~1.5%, but you'll get what you expect)

zeeshiscanning

you can send usd via ACH via strike and they will give you btc in your strike account then you can self custody as and when required

ShaneTitley

Any thoughts on ACH

Fadeeses

On their page it says $50k daily for ACH? https://robinhood.com/us/en/support/articles/spending-limits/

CipherScarlatti

Ripple's hilariously pathetic, cozying up to the tradtional bank system. Trying to be like: "We're gonna be the replacement for ACH transactions!" and after 67 pivots, schemes and attention seeking they're now getting blocked by their "friends".

Django_McFly

In the US, if you want to buy crypto and withdraw it on the same day (a lot of people will confuse trading it on the platform on the same day with withdrawing it) then you usually are going to have to pay a fee and do it via a debit card. Sometimes Coinbase will let me do ACH and instant withdraw but I read up about it and it's some metric based on time you've had your account and transfers done, meaning brand new people can't do it.

strikebtc

No credit card support due to the unique risks that credit brings in (and insane fees). We offer ACH, wire, debit card, RTP, and direct deposit in the U.S.

psychedelicpiper67

Bitcoin Well only offers ACH deposits for U.S. users.

CryptoNerdSmacker

Exactly. If Ripple walked away from the SEC mostly clean, a few banks asking for extra scrutiny probably won’t stop them. Apparently they’re saying it’s part of the process and requisites for getting a national trust charter. This isn’t a typical retail bank application either. It’s to serve big institutions, tapping into FED systems, ACH, SWIFT alternatives, and corporate settlement. Some hundreds of billions, maybe trillions, in annual volume. Even a small slice routed through RLUSD would mean serious transaction activity on both ETH and XRPL. Basically real demand and utility for ETH and XRP. Minting, AMMs, liquidity pools, and trustlines, all of it burns gas and locks tokens. I’ve been watching RLUSD like a hawk since its release. It already hit $600M market cap up $200M in just a month and volume is split around 75/25 between ETH and XRPL. It’s about to break the Top 100 for market cap. If Ripple gets this charter that growth could scale fast.

InfiniteSomething7

Some issues: Chargebacks aren’t inherent to fiat money, they exist due to how traditional banking and card payment networks (like Visa or ACH) are designed. These systems take days to settle behind the scenes, so they allow reversals during that window. Cash itself is fiat, yet has no chargebacks. Chargebacks do exist on centralized exchanges (like Coinbase), but that’s because you’re trusting a centralized party, not because of the underlying asset (crypto or fiat). So saying “chargebacks = fiat” is misleading. It’s really about the settlement layer. Bitcoin does the same thing banking does, just that it does it faster and without trust. The only issue with the speed is the TPS, but despite the hate, it will, like all other things, change when the need arises. Most blocks are barren.

NoLegJoe

Pal, ever heard of SWIFT? Ever heard of SEPA, ACH, BACS, CHAPS?? Banks have been sending money internationally for decades, and they don't need to burn the energy of a medium sized nation to do it.

light_death-note

You sell it for cash, then send cash to bank by ACH

CryptoNerdSmacker

Imo any chain that can support stable coins will thrive. Not just any stable coin either but ones that are fully compliant with USA and EU based regulation being passed for them. A quick look see will net you two stable coins that are the most compliant. #1 is RLUSD, Ripple Labs’ stable coin. #2 is USDC, Circle’s stable coin. RLUSD can be transacted on either ETH Mainnet or XRPL, where ETH and XRP are burned as gas respectively. So you could see that you should pin down which chains and their respective native currencies will thrive leveraging flywheel utility of the native currencies. ETH and XRP get plenty of flywheel utility from stable coin activity on their native chains. This flywheel utility could be stable coin minting, stable coin transactions in general, liquidity pools for currency swapping and bridging, AMM pools, and trustlines established during account/currency creation. All of these create upward pressure on the native currency’s price because of increased demand by the way of utility. Ripple Labs is making a lot of headway in the institutional finance world and some think this may directly interface RLUSD and XRPL to things like ACH, SWIFT, FED, etc. Currently RLUSD’s marketcap is around $600 million, having increase around $200 million in the last 30 days. The ETH Mainnet / XRPL ratio for RLUSD’s volume is around 75/25 ETH/XRPL. Not financial advice but I believe ETH and XRP will thrive simply because of their capture of ever growing stable coin market.

Own_Sky9933

We are about to have exponential growth from A.I. When A.I. agents are training A.I. agents in the near future you could have the equivalent of 10x (probably more it’s so large I don’t think humans can comprehend yet) the productivity of the current workforce. These agents and soon humanoids aren’t going to be trading through the traditional banking system with ACH which takes days to clear. It’s going to be on chain through Bitcoin on Stablecoins. If these agents have no political bias it’s feasible they will want Bitcoin as their unit of account. Buckle up it’s going up forever Laura!!! This is the exponential age!

Cat-a-mount

May I ask what country you're from? I'm wondering if it makes a difference to the limitations you have. I'm in the US and have access to ACH transactions instantly.

Bravadd

Your holding period needs to be at least four or five years then you’ll be fine. You can also consider DCA because going lump sum in at an ACH can be scary. Also, don’t look at the price everyday when you’re not looking to trade

TransportationAny757

Simple case in point: I'm going to buy this dip. On coinbase my daily limit is 2.5k by verified bank ACH Then my money from my verified source will be available to spend on bitcoin possibly by next Friday (5 business days) On RH my limit is 50k ach from verified source, and up to 5k is available instantly. And on top of all that coinbase locked my account down for 16 months while they performed a "manual review". Couple that with only useless bots and underpaid thieves for customer service. IMHO coinbase is for giant corporations and governments, they don't give a flying f*&k about little people

rgnet1

But "as it is today" can be applied to the others. In 1885, "as of today," I cannot reliable get gasoline for my automobile while traveling or mechanics to fix it, but I have plenty of hay and stables available. In 1990, "as of today" I can't reliably send an email to business partners because they may not even be online yet. Or my grandma. "As of today" I can't walk into a store and directly exchange bitcoin for a product. But there's no technological reason this couldn't happen. It's all man-made friction in the way, like arbitrary tax law, statists in government who think they need to protect people from themselves, and middlemen processors that could have been made obsolete. But there's still plenty of things you can do with bitcoin "as of today" even without the middlemen. Individuals and entities can still do transfers peer to peer in a blink of time that banks ACH, wires, and the other archaic means provide. You can still have a true bearer asset in your possession with no storage or transportation cost. There was less incentive for friction with the advent of the internet because the commerce benefits were so broad and so deep, more companies stood to gain from its adoption than lose from it.

horse_meat_taco

I got booted after about 3 weeks. Verified, bank verified and two ACH deposits made and cleared, bought some BTC, then one morning account closed. Try contacting them on X (Twitter). I got ahold of them there and they reopened my account but wouldn't let me buy or send my BTC (that I had to remind them to return to my account) so I sold and moved to a competitor. Support did help, but having to use X to get support and the fact that they closed my account and didn't both to specify what would happen to my fiat and BTC in the closure e-mail was a red flag for me as a new customer.

B1ggusDckus

Dawg, bitcoin is not slow its ffffast! My stock sales settle in 2+ days, my ACH settles in 1-3 days, SWIFT transactions take 5 days, credit card payments need 1-3 days to settle; Bitcoin settles in less than 60minutes completely finalized. \> There is no way to build a kind of protection mechanism to revert transactions Exactly, which is THE selling point of bitcoin. I think there is a large misunderstanding that bitcoin should replace credit cards, it wont. It will be the backbone of the global financial system because it is so damn fast compared to any other clearing solution we have.

ElderMight

It happens *very frequently* going all the way back to 2013. Dozens of exchanges have gone bankrupt or disappeared, leaving their customers with nothing. It does not matter how large the exchange is. The largest exchange in the world has gone down (see Mt. Gox). The largest in the US has gone belly up before too. The most recent batch of bankruptcies happened in 2022 - Celsius, Blockfi, Voyager. Live savings in some cases were gone. Many of those people lost everything. Some got back a fraction of what they had 10+ years later from Mt Gox. I have personally had my account frozen on Coinbase because of an ACH transfer glitch on their end. I couldn't move my money, I couldn't buy or sell it. That was my lesson learned to keep in cold storage where I have complete control. In regard to Robinhood, I would definitely not trust them. Back in 2021 during that epic gamestop short squeeze, Robinhood took away the buy button to keep retail from buying so that institutions could cover their shorts. They screwed over a lot of people who were making money from short squeezing wall street. This is not a game to be playing with your money if you hold serious wealth in it. Learn self custody. It's very easy and it's the most secure.

StackingSats1300

Nope can just schedule it through your bank ACH.

KnightofDis

The quickest way to get a crypto accepted as a payment option is a locked value coin that doesn’t waver or sway like stable coins but is valued at $1. Make this easy to get, something like PayPal with direct integration with ACH and bank transfers. It’d be a gov backed coin to be generally accepted without proven actionable results. But it’s get crypto it’s seat at the table.

ewhim

CEXs like Kraken charge low fees for trades ($100 BTC/USD is $0.25) and have free instant ACH transfers using plaid. You can set limit orders to make buys and sells of coins on the exchange. The CRO fee structures are outrageous ($2.99 convenience fee for cc purchases? Gtfo) and it's user interface is hard to use - this concept of buckets is different from anything anyone else does, but it's preying on your ignorance picking some coins for you to invest in without really knowing what they do. Like take the blue chip collection - CRO coin isn't a blue chip and is not something I want even if the other coins may be decent. Really the only value I see in this is to make it easier for you to spend more on stupid crypto bets without thinking too hard about it.

sirpetis

I personally like to use strike with a recurring buy order setup on a daily, weekly, or monthly interval. After the first few transactions there’s virtually no fees. I have peace of mind knowing that I am buying regularly regardless of price and don’t even have to try. No moving money, no forgetting to buy, and no worrying about price. Just set the interval and dollar amount you’re comfortable with. It will auto withdraw from a bank account via ACH. The sats will stack themselves consistently over time

morrisdev

I think part of the problem is \*control\* and ignorance. For example, I have one client that has multiple partners outside the country, the parent keeps kind of a running total of shipments of products to the partners and takes a piece of the action to cover costs, tarriffs, shipments, etc... The partners ACH the money back and forth, or somemtimes are sending checks and the larger, newer, ones will use escrow agents and wait for FOB (Freight on Board) docs from the shipping line. Anyway, ALL of this could easily be handled with a crypto transaction directly in the software. Smart Contracts can easily be generated and executed with software far more easily than an ACH. Moreover, they could easily put in an automated balance that would be in some stablecoin and then converted to ETH and added to a smart-contract and then boom.... transaction done. but... they can't tell the difference between ETH and $MELANIA or GameStop. Basically, they feel that it would hurt their reputation and they feel someone could mess with their company finances - even if the transaction went from stablecoin=>eth=>stablecoin in 30 seconds, they still "feel" it's not stable. They "Feel" that they could be at risk, and therefore, so do their investors. I put a HUGE amount of investment in ETH/ADA smart contracts a while back and it completely failed once all these meme coins came out. I can't even talk about it in meetings because so many people saw it as, "Oh, we sure dodged a bullet when you were trying to push us onto this weird crypto thing. Just look out unstable it became". Whatever. as you can see, I'm still pissed. :)

StamInBlack

I’ve always used ACH and the wait time has varied. Sometimes it was 2-3 days, other times 5-7. ACH going in gets a temporary hold, also 5-7 days, but you can buy USDC with it to start getting that yield.

PapayaAvailable2156

If you are US user, the best option for trading is 1. Deposit Coinbase via ACH 2. Trade USD to USDC on Coinbase Adv. (0% maker) This is the best on-ramp. But do not trade any other spot pairs on coinbase without a membership. it is expensive as hell

morrisdev

A lot of democrats, like Warren, are simply ignorant. They don't understand it and they live in an echo chamber of people that all see it as the boogeyman. A lot of republicans see it as a quick way to make money and haven't got the slightest clue how it works. They just want to get around taxes and not pay for anything while they put out meme coins. It reminds me a lot about the marijuana law debates, where some republicans were 100% certain that pot legalization would lead to everyone getting raped by zombies and the end of the world, and many democrats (my mom included) believed it was a "slipery slope" and soon heroin will be sold at walgreens. Meanwhile, progressives and libertarians were like, "dude, just legalize it already wtf?" The problem I see now is that many people, like my clients, would probably have been convinced to use it in software (specifically the kind of stuff I write), but because it isn't regulated, they won't do it and stick to ACH transactions. Then with DOGE and Malanioa and Trump coins.... well, they all think it's just a bunch of BS scammers. (and honestly, I can't fault them for it). The idea that ETH, ADA, SOL, and about 10 others can do smart contracts that would save them millions is simply not realistic specifically due to the lack of regulation. Anyway. I ducked out and bought some rental property. (unfortunately, before this bump) I don't think it will "really" be a solid investment until we have some major corporations using it for internal transactions. Bank to bank, etc... It's SOOO much cheaper, easier and safer than ACH transactions. Once the code is written, it will be like Amazon S3. All transactions will be done with it or some other crypto. But not until there's serious regulation and government acceptance.

OprahsScaleBroke

Huge for Alchemy Pay (ACH) 🚀🌙💰🎆

pop-1988

Banks do not sell crypto. Paying with a credit card adds a 4% fee Buy Bitcoin from a crypto exchange. The Bitcoin Beginners sub has a great FAQ with a list of exchanges and their fees. Use an ACH bank transfer to fund your exchange account. Use a trading exchange (retail exchanges bloat the purchase price 3%). Submit a limit order. Buy Bitcoin Do not send Bitcoin from an exchange account to a gambling site. Exchanges have a puritan aversion to gambling, will block the transaction and suspend your account An exchange account is not a wallet Get a free Bitcoin wallet. The Bitcoin Beginners sub has a great FAQ with a list of wallets Do not use Trust wallet. It's closed source and has a bad reputation After buying BTC in your exchange account ... Withdraw BTC from your exchange account to your wallet Send BTC from your wallet to your poker account When you withdraw your winnings, send them to your wallet, not to your exchange account (reason already given)

OprahsScaleBroke

Huge for Alchemy Pay (ACH) 🚀🌙💰🎆

jimmycryptso

Interactive Brokers does not allow third party deposits. You can only send funds from your own bank account, not from Kraken's bank account. If you don't have your own USD bank account you might be able to use Wise in the middle. Withdrawal from Kraken to your Wise USD account and then you can link your Wise to Interactive Brokers by ACH.

doodaddy64

there's something very shady about any service that asks for your \*bank password\*. would you give that to someone on a phone call? then it's weird that various banks and exchanges would push it on you unless you cancel out, then, viola! you can connect ACH they just hid that from you until they pushed plaid. then, now some banks and exchanges don't have a fallback from plaid and their customer services will say "it's our policy." When has "it's our policy" ever meant anything non-shady? 😇

uoYredruM

You have to set up auto withdrawal of your coins or pay .03% of your held assets per month. It's not a lot but it's the principle. Especially when I'm not purchasing a lot per month but I've been doing it for several years so I have a decent amount and it's taking a small piece of my monthly ACH essentially. I was debating purchasing a ledger for storage but it just feels like it's complicating things by having to set up monthly ACH plus monthly withdrawal plus the cost of a ledger and learning how to use it.

Obsidianram

When will ACH transfers be restored and get rid of that godforsaken snooping tool "*Plaid*"???

pop-1988

Don't use a credit card to deposit ACH deposits are free Contact the exchange to increase account limits

light_death-note

There should be an option in your account to increase the limits of it. Also ACH, you can instantly deposit from your bank account into coinbase. Sometimes there's a wait until you can send the money out though.

Reasonable-Length475

If Satoshi were active today, I think he’d be pleasantly surprised at the development of Ethereum and stablecoins. Stablecoins are the fastest rails for financial transactions. They happen almost instantly, super cheap, cross borders, permissionless and unlimited in the amount you can send, cutting out 5-6 middleman layers in traditional ETF or ACH or credit card transfers. Ethereum is the store of value chain which validates network transactions and generates yield.

BrokeOnTheBlockchain

You can link your Fold card to Gemini just like any other debit card, but keep in mind Gemini may have limits or restrictions on debit card purchases depending on your region. Also, debit card purchases on Gemini usually come with higher fees and lower limits compared to bank transfers or ACH.

RiverOfficial

For more information on how to enable bitcoin transfers, feel free to check out our [Help Center article here!](https://support.river.com/kb/guide/en/how-do-i-enable-transfer-functionality-h8MezEvHFD/Steps/2123558) Once verified, and your funds clear [our ACH holding period](https://support.river.com/kb/guide/en/when-can-i-send-my-bitcoin-from-river-pM6iUh4Rz5/Steps/2122185), there is no limit on how much bitcoin can be withdrawn. As Bitcoiners, we always encourage the use of self-custody!

skydiveguy

Ive bought through Coinbase for years. When I finally decided to sell some to pay off my house, I did so through Coinbase. They had the money transferred into my account via ACH transfer within 24 hours. No complaints.

HSuke

> they've neglected the ACH network to an almost embarrassing level **Fednow** is supposed to have replaced ACH as an instant money transmitter. It's been years since its launch. Whatever the hell happened to it?

Fluid_Exchange501

Blockchain was created without the government, don't really see why we need them now considering they've neglected the ACH network to an almost embarrassing level but if they sort out the taxes around buying and selling crypto that would be on point

BlackjointnerD

Heres what your not understanding. Ripple becoming a bank ON TOP OF XRPL enforces the idea of everyone being there own bank. ♦️SWIFT is a gatekeeper. You build within it, under its conditions. ♦️XRPL is a toolbox. You build on top of it, without permission. In a world where programmable money, machine-to-machine commerce, and open finance are becoming the norm, rigid frameworks like SWIFT are starting to show their age. SWIFT requires you to conform to its global rules, integrate through complex APIs, clear compliance checks, and pay usage fees. Every message sent is part of a larger interbank choreography. You don’t touch the rails—you request permission to use them. It’s rigid. It’s slow. But it’s standardized. XRPL doesn’t impose rules about how to use it. You interact directly with the ledger via WebSocket or JSON-RPC, and build from scratch. It’s the closest thing to financial assembly language—lean, powerful, and yours to shape. Ripple is building a vertically integrated, blockchain-native alternative to SWIFT. Where SWIFT sends messages, Ripple moves money. For enterprises that value speed, transparency, programmability, and digital asset interoperability, Ripple's stack—especially when combined with XRPL primitives—offers a forward-facing infrastructure SWIFT can’t match. SWIFT uses ISO 20022 messaging, not a settlement platform. Its new messaging format, but still relies on correspondent banks and external settlement systems like CHIPS, TARGET2, or Fedwire to actually move money. Unlike SWIFT+ISO 20022, the XRP Ledger and RippleNet combine: •Instructions (messaging) •Routing logic •Liquidity sourcing •Final settlement on-ledger This eliminates the fragmentation between message and money, because settlement is native on XRPL. XRP isn't unlike anyform of asset or digital asset before it.. when viewed through the correct lens, is not just a digital asset, not just liquidity, and not just collateral — it is all three simultaneously. That composability is what sets it apart from anything that came before in traditional finance or even in earlier digital asset models like Bitcoin. ♦️ 1. Native Liquidity: • Globally transferable • Traded 24/7 • Final in 3–5 seconds • Nearly feeless It’s not just representing liquidity like fiat or securities — it is liquidity, in pure digital form, across any border or use case. ♦️2. Built-In Collateral: • XRP can be locked in escrows with programmable logic. • XRP can be used as bond, stake, or backing without intermediaries. • XRP can collateralize stablecoins, loans, or liquidity positions directly on-ledger. This is self-custodied, real-time collateral — not dependent on external trust or third-party clearing houses. ♦️3. Instant Settlement Layer Unlike SWIFT, Fedwire, or ACH: • XRP transactions are settled directly on the base layer. • No need for layered messaging or clearing. • No intermediaries to introduce cost, delay, or risk. It’s true atomic value transfer, which means it handles messaging, verification, liquidity sourcing, and settlement — all in one atomic step. Why This Is Unprecedented?? Traditional finance splits functions across multiple parties and systems: 1. Liquidity - Banks, Market Makers 2. Collateral - Custodians, Escrow Agents 3. Settlement - Clearing Houses, Central Banks 4. Messaging - SWIFT, ISO 20022 Ripple/XRPL does all in one: 1. Liquidity - Native in XRP itself 2. Collateral - Smart-locks on XRPL via escrows, hooks 3. Settlement - Built-in to XRPL ledger logic 4. Messaging - JSON/WebSocket native transactions XRP is unlike any digital asset before, It isn’t just a cryptocurrency. It’s a programmable, settlement-grade, liquidity instrument with built-in collateral functions. XRP is what happens when you collapse an entire financial stack into one asset on one protocol.🌐 Anyone anywhere on planet earth can right now open a node and participate in the network no questions asked. XRP cant be controlled by anyone on the network. It's not a issued asset. It's a native decentralized transparent fast settlement token. Like a gumball machine you put in a coin and take out whatever you want.

CryptoNerdSmacker

“Direct Access to U.S. Payment Systems A U.S. banking license would give Ripple: • Direct connectivity to the Fedwire, ACH, and SWIFT networks → Ripple can move RLUSD and fiat seamlessly. • Ability to hold deposits, issue loans, and clear payments in-house → not reliant on third-party correspondent banks.” This will translate to a boon of volume and liquidity on XRPL. XRP will probably get a nice price boost from this if it pans out.

Masayver

I have a Fold debit card that I got back in March or so and agree that their online documentation is a bit unclear. I've reached out to their support a few times with questions. I've found that the bill pay through PayPal doesn't work well for me because I can't find my mortgage provider in the list of payees in PayPal. An alternative to using bill pay through PayPal is to set up an ACH payment account with your mortgage payee if they support that. I have not set up my mortgage payment yet but I do pay a car loan and a couple of utilities via ACH and get the 0.25% rewards for them.

DennisEckersley00

I disagree that believing governments will someday deal in crypto is unfounded. Holding Bitcoin as a reserve is dealing in crypto in the first place. Why is it crazy to say the next step from there is to use it for transactions? I would not wait 2.5 minutes at the checkout counter. But, currently the fastest way two governments or corporations can pay eachother large sums of money digitally is via a bank wire or ACH, which usually take at least 24 hours to hit. 2.5 minutes is an incredible improvement over this. And 2.5 minutes is a perfectly acceptable wait time for a huge transaction between governments, corporations, etc.

jeremiahcp

Banks already use third parties every day: SWIFT, correspondent banks, Visa, Mastercard, ACH, all of them are external systems banks don’t control, yet depend on for critical financial operations. Saying banks won’t use XRP because it’s a third party is like saying they wouldn’t use any payment network at all. The arugment doesn't make sense.

jeremiahcp

I don't see it as a stretch. That’s something you imagined on your own, and it has nothing to do with me. The goal of XRP is similar in concept to what Visa and Mastercard do, not for retail purchases, but for cross-border payments and liquidity. And if you don’t like that analogy, we can just look at ACH and SWIFT, both of which are also third-party systems that XRP aims to compete with.

idliketoseethat

We are still firmly attached to traditional brick and mortar banks. A bank account is required by investment brokerages and you can't just deposit cash to an online account. Once my money is in the bank I can then use my ATM debit card, send funds by ACH or withdraw using my PayPal account but it still takes a traditional bank account to make those things happen.

SpectacularLifeNoise

Can you sell Bitcoin on either of those and get USD right in your wallet that you can then transfer directly to your bank or are they risky P2P ACH transfers only?

plutusfortuna

Yes! It's one of our most popular loan types. Today, you can borrow up to 40% loan-to-value (LTV) against your Litecoin. Monthly interest payments in LTC is interesting - will take this suggestion to the team and see how we can enable this in the future, but for right now, interest payments are collected either in USD via bank wire/ACH or via the USDC stablecoin on the ETH network!

laraja

Hey there, I'm interested in using Fold for my bills and mortgage, but don't want to set up direct deposit. Are there fees transferring money into your Fold account via ACH?

No-Painter4337

No, can’t do that I think. I send my funds via the regular ACH deposit a few times a month.

infinitecipher

I've used this for years and believe it's on the way out unless it evolves. The ACH cash back is maxed at a value based on the prior month's debit card usage. Debit card has 0.5% cash back, but only when used as a signature purchase. I won't be using a 0.5% debit card in place of 2-5% credit cards, but I was historically able to use the Fold debit card through PayPal Bill Pay to pay off credit card and some other bills. Unfortunately, the businesses that accept PayPal Bill Pay have been cut so drastically that they exclude everything I use. I could still use my debit card to pay my Citi credit card bills over the phone, but I've already confirmed no cash back for that because it's not a "signature purchase." I don't know if it'll count toward the ACH cash back limit, but the 0.25% back on the ACH payment for such a small amount isn't worth the hassle.

infinitecipher

I forgot about this comment. It didn't work for me, either. I made what I expect to be one last ACH payment before my economical options for cash back totally dry up. Keeping some funds in the account just in case for another month just in case I missed changing an automatic payment, then I'll withdraw everything and cancel the subscription.

RoughReality277

Are you talking about Zelle? Or, ACH.. shouldn't be a cap on ACH..

Existing_Map6402

Can you say that for middle class risky project sir , I’m down too . ACH COTI ARKM

ryuhayabusa34

I was very excited about this but then disappointed to learn that the ACH rewards are limited to what you spent the previous period on the debit card, which only pays 0.5%. Hopefully that will improve, because the ACH function would be phenomenal. For me it's just not worth it for only 0.5% requirement on the debit side.

DebianDog

back-and-forth from a regular bank account ACH, wire, etc.

mechabased

In coinbase, using the instant withdrawal feature will cost $15 per $1000 withdrawn, while ACH transfer is free but takes 3 days. At that price, withdrawing $500k would cost $7,500. Maybe your institution has similar but high fees? Any premium mode? Any way to negotiate with them?

Disastrous_Cobbler13

What's an ACH and why does it need to hold?

Crazy_Tooth1858

Any ACH is going to have a hold. You can try a P2P like BISQ, but you're going to be paying a premium.

SemperDeeper

Depends on how you bought the BTC… if you bought directly from your bank (didn’t have cash already sitting in Strike balance), then you have to wait for the ACH to clear the fiat system before you can send the BTC to your cold wallet.

KateR_H0l1day

I use the Crypto.com card, but sent my first ACH with cash back to my bank yesterday as a test, saw it in my bank account as pending this morning, which is a relief 😊

TheEntertain

That assumes you can purchase bitcoin using a credit card, and from my research that's very hard to do because either 1) exchanges only allow ACH or debit card transactions or 2) banks/visa/mastercard don't allow credit card transactions on crypto exchanges. Is there a specific exchange or bank you're using to bypass these restrictions?

cowswho2

You gotta pay the instant fees bro. Or if you already had cleared funds you could add more and use the cleared funds while the new funds clear. But you’re not gonna get free instant transfers. Idk what hour it is where you’re at but possibly a wire transfer. They’re faster than an ACH but still cost money and aren’t instant.

110010010011

Someone who is legitimately billing you for something would accept cash, ACH, check, money order or wire transfer. Why do they need Bitcoin or Monero? If it’s important they get their money tonight, they would be more flexible unless they are a scammer, or you are purchasing an illegal product or service. Explain to us why you’re in such a rush to permanently rid yourself of $10,000.

RamoneBolivarSanchez

Bro what are you asking? You’re trying to set up a multisig? If your funds are getting timed out on coinbase it’s because you’re new and they don’t want you withdrawing the funds off immediately. If you keep using them they’ll increase your daily limits and withdrawal periods based on the purchasing method. If that doesn’t work just use a different purchasing method like debit instead of ACH/bank wiring.

omg_its_dan

Usually these limits are just for ACH transfers. Use a wire transfer instead.

2LostFlamingos

I use it with PayPal bill pay to pay my credit cards and one mortgage. 2 years ago it was freaking awesome. I could pay nearly all my bills and get 2-3% spinning the wheel. I had months where I stacked a million stats plus. Now I get 0.5% on some bills and 0.25-0.5% on some others with ACH. I pay the $10/month and stack about $60-80 per month with it and the occasional gift card purchase. Not retiring from it, but yeah it’s worth it.

red98GTSR

Are there fees associated with a debit card that aren’t with an ACH?

red98GTSR

Why not go with something that has better fees? Many exchanges offer ACH deposit

morrisdev

My endgame is to get my clients to integrate it into my software instead of automating ACH. Unfortunately, these people, who were just on the cuap of accepting crypto to do these transactions, piles of stupid meme coins came to town along with $trump and $melanoma etc.... I'm a bit irritated. I've been planning to do this for years, but now the reputation is just garbage. I'll retire before it is accepted. So, I guess I'll just sit on it as a retirement fund. But the frustration of knowing how smart contracts could make things soooooooo efficient, yet people refusing to use them because of memes.... It's so infuriating.

invalidusrid

Pretty sure that is only for ACH deposits. I wire in and transfer out same day.

Thanis_in_Eve

I believe the question being asked is what type of payment method are you using that isn't being shut down or blocked? As most banks and financial organizations will not transact to a p2p exchange, the question is valid. A few years ago, even transacting with Coinbase was impossible with most banks in the US. Now, it is easier, but still not 'easy' and that's on a KYC exchange. Please enlighten me on the financial institution that will send my funds to a non-kyc, p2p exchange. Something along the lines of "I use Citizens Bank with an ACH transfer to Coinbase" would be great!

TheFlamingoPower

I like the selection... maybe I would add BNB, LiNK, OCEAN, EGLD, CAKE, SAROS, ACH, INJ... mostly, that's my long-term portfolio.

420osrs

That company is legitimate, but honestly there are better alternatives. I keep half my stack in cold storage and half my stack into the ETFs. Any brokerage will let you borrow a certain percentage value of your stock portfolio using margin. Margin rates are significantly lower than ledns rates. We're talking 5.5 to 7% versus 11%. This is also part of the traditional financial system, so the plumbing is really good on this. Everything happens, essentially, instantly, except for the time it takes to do an ACH transfer. And it's set up for any amount including super high amounts because some people have tens of millions of dollars in their brokerage (or more).  The infrastructure is just better on a margin loan. 

your_unpaid_bills

> I will be opening a bank account in which the main use will be buying crypto with a bank card and making deposits/withdraws from exchanges like Coinbase. Don't buy crypto using your debit/credit card directly, unless you want to pay extra fees. Fund your Coinbase accounts via ACH deposits instead. Also, make sure to switch to the Advanced Trade mode in Coinbase, to reduce fees. > Anyone recommend crypto friendly banks that allow these transactions and are well known such as Wells Fargo or Bank of America? Have you had any issues with them or it being closed because of such activity. I know this doesn't answer your question, but have you considered using an online bank (e.g. Revolut) for this instead? I am in EU, so things might not be exactly the same for you, but I find it quite convenient, cause it's hassle free (you can open it online in minutes), their base plan is free and whenever I need to buy crypto, I can top up my Revolut account from my main bank account for free, and then make a free instant bank transfers to Coinbase to fund my Coinbase account. For withdrawals, I only pay Coinbase withdrawal fee (€0.15 last time I checked).

Shirtwink

I always try and educate people on the Automatic Clearing House, and just how much of our money globally runs through ACH. If terrorists or an internet outage shut that down or pirated it's controls for even a week- the entire financial world would be in shambles. It's a little scary actually. 

NecessaryGlum4054

No it doesn’t, so for example I deposited $100 with ACH then I proceeded to buy $100 worth of solana when it was $171 but my buying price was $174 for some reason also only $98 of solana was allocated to my account. My question is are these not hidden trading fees also because I’m buying it higher than the current price AND not all my money is getting allocated