ACH

Schrezberatina

Regular bank transfers (not country specific systems like ACH or SEPA) do indeed take days if not weeks. It's why in third world countries, insanely expensive remittance services rival banks when it comes to transnational money transfers. They're faster and straightforward.

ElGuano

Should have just used ACH like the rest of us.

Billaaaaayyyy

Wish this r/cryptocurrency sub would pick up some $ACH traction

RefillCeltics

Don’t route money through friends/apps to “get around” it that’s how people get accounts frozen or scammed. The legit options are boring on purpose: **ACH**, a new account with a virtual card, or (last resort) a **crypto ATM** with heavy fees.

Django_McFly

It would make no sense to operate in America and "skip ACH entirely". ACH is the banking system. It wouldn't make sense to be incompatible with the banking system.

Substantial_Step_351

The 'instant' part is usually a marketing lie based on collateralized credit. Most apps 'front' you the money to buy crypto immediately, but they won't let you withdraw that crypto until the actual ACH transfer clears (which takes 3–5 days). If your deposit is actually 'Pending' and not even available to trade, your bank likely flagged it. In 2026, many banks have implemented 'Risk Cooling Periods' for crypto-related transfers. If you want true instant, you have to use FedNow or RTP (Real-Time Payments), but both your bank and the exchange have to support it. If they don't, 'instant' just means 'faster than a horse.

Long_Lie8296

yeah but why advertise instant when they know its not. Or they could skip ACH entirely

AcceptableSwing4704

ACH is just slow by design. Nothing we can do about it

spectral-cyber

For crypto-to-fiat transfers via ACH/SEPA from Jordan, look at platforms like Wise or Revolut, which already support crypto deposits on some flows and direct transfers to accounts without the hefty SWIFT fees. Payoneer is another option, strong for freelancers and multi-currency with decent ACH/SEPA withdrawals, though it does charge a conversion fee. If you frequently travel to Europe or the USA, Bitwala or Uphold are also good choices because they convert crypto to fiat quickly and use local bank rails, avoiding expensive intermediaries. However, check if Jordan is on their list of supported countries, as local regulations can complicate onboarding. Ultimately, Wise tends to have the lowest fees in the long run if you're moving medium volumes, but try them out with small amounts first to see the actual latency and fees on your specific route.

Worried-Bottle-9700

I usually just use ACH since the fees are lower, but debit cards are fine too if you want it instantly. As for exchanges, I've had a decent experience with MEXC, nice range of coins and pretty straightforward. No matter what you choose, once you get set up it's pretty smooth from there.

Ordinary-Outside9976

I usually use a debit card for quick buys but ACH from my bank is nice for lower fees. As for the exchange, I've been using MEXC, it's pretty straightforward and has a lot of coins available so it works well for me.

wmrsion

JPMD, or J.P. Morgan USD Deposit Token, is available on the Base network as a fully functional, production-grade deposit token for institutional clients, having transitioned past its initial pilot phase. It is considered a legitimate, albeit permissioned, form of digital currency within the regulated banking framework. [1, 2, 3] Key Details • Status: JPMD is an official, live product of J.P. Morgan's blockchain division, Kinexys, built on Base, the Ethereum Layer 2 network developed by Coinbase. While initially launched as a pilot and proof-of-concept in June 2025, it has since been officially rolled out for institutional use. • Nature: It is a digital representation of USD deposits held at J.P. Morgan on a 1:1 basis, meaning it is a direct bank liability, not a stablecoin backed by off-balance-sheet reserves. This structure allows it to operate within existing banking regulations and potentially be interest-bearing. • Access: Access is restricted to J.P. Morgan's institutional clients who have completed the bank's onboarding and compliance (KYC/AML) requirements. It is not available for retail users or the general public to freely use in open decentralized finance (DeFi) protocols. • Purpose: Its primary use is to enable near-instantaneous (24/7) on-chain settlement and payments for institutional transactions, significantly faster than traditional systems like ACH or SWIFT. • Legitimacy: JPMD operates under the oversight of banking regulators and fits within established regulatory frameworks, giving it a clear legal status that many stablecoins lack. The token is used for real-world financial operations by major institutions like Mastercard and Coinbase themselves. [1, 2, 3, 4, 5, 6, 7, 8] In short, JPMD is a legitimate, fully regulated, and live institutional digital currency that operates on the public Base blockchain, but is limited to authorized participants rather than being an open-access "currency" for the general public. [9] AI responses may include mistakes. [1] https://atomicwallet.io/academy/articles/what-is-jpmd [2] https://www.theblock.co/post/378493/jpmorgan-deposit-token-jpm-coin [3] https://www.thebulldog.law/jpmorgan-launches-jpm-coin-on-base-network-legal-implications-for-institutional-digital-assets [4] https://www.jpmorgan.com/payments/newsroom/kinexys-usd-digital-deposit-tokens [5] https://www.jpmorgan.com/payments/newsroom/jpm-coin-usd-deposit-token-institutional-clients [6] https://finance.yahoo.com/news/jpmorgan-brings-dollar-deposit-token-113748863.html [7] https://atomicwallet.io/academy/articles/what-is-jpmd [8] https://quasa.io/media/jpmorgan-launches-jpm-coin-on-base-bridging-traditional-finance-and-blockchain-with-yield-bearing-deposits [9] https://blog.base.org/jpmorgan-is-moving-onchain-on-base

Naive_Conference_860

Been using Kraken for like 2 years now, ACH transfers are pretty smooth and the fees aren't terrible compared to some other exchanges I've tried

billy_the_zyn

I don’t the community at large for crypto in America realizes the work that Brian Armstrong and CoinBase (whether you like them or not) are actually doing to work with the US gov for appropriate stable coin legislation, vouching for the correct $USDC regulation, and really being a leader. They have the og 0% conversion fee contract with Circle ACH. Keeta just delivered the 2nd lowest USD to USDC ACH conversion at 0.25% on their platform, basically delivering a promise of Ripple that’s never been fulfilled.

OprahsScaleBroke

Alchemy Pay (ACH) 🚀🌙💰💯🎆

Zero_Phux_Given

What are the least expensive ways to self custody different crypto? I can ACH funds to an exchange and buy at the prices I want, but then withdrawal fees are typically expensive. I can get stablecoins and Solana to self custody relatively inexpensively and "swap" them, but with swaps I'm seeing ~2% loss when it comes to fees and slippage - even when swapping one stablecoin for another.

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pop-1988

Kraken even bought a bank to circumvent debanking. And then that bank was blocked from access to the ACH network

akcryptofinancial

That’s a high bar — and I respect it. If crypto ever “wins,” it’s because cross-border and payroll start feeling instant and routine. Do you think it happens by replacing SWIFT/ACH outright, or by running under/alongside them (same front-end rails, on-chain settlement in the back)? And what’s the first wedge you’d bet on: stablecoin B2B payments, remittances, or payroll?

23_skido-o

SWIFT/U.S. ACH replacement.

PsychologicalBit803

WTF??? Yeah guy I’m no programmer like most people. My current monthly ACH works just fine.

PsychologicalBit803

That’s not where most those fees come from. Most is from banks encouraging it with overdraft programs. It’s also a fraction of the problem it used to be in the US. Wasn’t that long ago banks charged $35 per occurrence. Short .25c, get dinged for $35 plus they send the ACH back causing another fee from the place you were paying. It’s not difficult to get in a financial death loop if you don’t make much. I had check cashing and payday loan businesses. I saw these customers daily and I can assure you WE were not the ones screwing customers with high interest rates. Bank regulations are better now but they still make plenty on these fees.

qwer1627

The other day I asked the community about what it is that Bitcoin offers that classic ACH\SWIFT\FEDWire doesnt, and how in any way shape or form can hard cap of 7 transactions per second ACROSS THE ENTIRE BLOCKCHAIN can scale to be used at the scale of aforementioned classical solutions, all of which operate at or above ~100 thousand TPS day in and day out. I was told about L2 solutions, all of which appear to rely on repeated transactions with a given entity - which would at most general have to be a bank, meaning that we once again have to trust a 3rd party and lose all zero-trust capabilities BTC promises. I am not convinced one way or another yet, but so far, the evidence points toward this being an asset similar to any other faux valuable in history - none of which have survived to 2025 sand perhaps diamonds

qwer1627

Do you understand that this just means that L2 networks are the same exact abstraction over this very same issue with Bitcoin? I will let you know that 7 TPS might as well be 0, there is not a worldwide system that has such a tiny limit so architecturally coupled to implementation. Gold’s inability to scale didnt give us Bitcoin - it gave us ACH and SWIFT\Fedwire. Bitcoin gave us Lightning network - do you see the irony yet?

qwer1627

Yeah i literally asked a question in OP and thanked people for answering - explicitly stating I was ignorant and came to the community to understand :) which is a fine thing to do by the way! Also, so far the only solutions I’ve been shows re-tread the issues of ACH\SWIFT, with hard assets and logistical issues of their lagging settlement being replaced with soft assets and networking\load mgmt issue of their settlement in the block. Am I wrong?

qwer1627

I sorta despise these triangle generalizations that fail anytime an actual system has to be integrated, as it is an instrument of sales and not one applicable to case-by-case requirements of actual deliverables (which demand certain ratios between the three hypothetical sides) so I’ll answer the snarky question with a snarky question I genuinely do have: would you mind drawing your impression of this triangle implemented in BTC L1 network and that of SWIFT or ACH? Please include units and magnitudes for the values of the sides so we understand the scale; at some point I will reply with my own impressions and justify them accordingly; should help us both understand the gaps in each other’s knowledge and understand respective misunderstandings; will be fun regardless

Assist_Lumpy

river holds funds into the transaction clears on the ACH side. So anywhere from 5-7 business days.

mjmeyer23

I have a suspicion that there are more copies of the btc blockchain spread all around the globe than all of the backups of all of the major banks IT systems, combined. when the lights come back on, I'm pretty sure we'll be able to recover the btc blockchain and be back to tick tock, next block before we have Visa or ACH back online. the forking mechanic in btc should even survive the fact that different localities might independently start block production at different points in time. I think btc is about the most anti-fragile ledger humans have at this point in history.

night2night

You must not have heard of ACH payments in North America.

iama_regularguy

In the US, it's called ACH and it's basically the same thing

drycharski

When ACH or wire fraud (or a number of other anomalies) take place, money usually is able to be recovered through cooperation of FIs and the clearing house. Let’s say that a business accidentally or fraudulently has a 50 million dollar outflow via Bitcoin’s payment rails. What is the recourse for such an event? The answer is the reason why banks will stick around for a long long long time.

23_skido-o

This seems reasonable.  Blockchain is a way to handle accounting and settlement that would have pros and cons for different scenarios.  If it helps banks more than SWIFT/reserve accounting/wires/ACH, etc. do in some fashion, they'd probably adopt it.

arctic_bull

ACH is legacy tech, FedNow has been around for years now and allows basically free instant settlement in the US for legacy banks. If your exchange hasn't adopted it, it's because they want you to think US banking sucks, not because it actually sucks.

CryptoNerdSmacker

This deal basically just linked ETH and XRP to ACH directly via RLUSD. From ACH they’ll Segway into FES, etc. Huge news for XRP and ETH. The upward pressure on them from RLUSD will be substantial.

Django_McFly

this is actually pretty massive news, especially if it means your account can deposit and withdraw stablecoins 1:1 with USD. I would get an account just to avoid the 3-7 day delay on ACH deposits.

Squirrel_McNutz

This is kind of a dumb argument. I mean I get what you’re saying but have you tried to do bank transactions with the archaic American system? Even something as expectedly easy as an ACH transfer is a nightmare. It’s disingenuous to pretend that 2 clicks are the norm when the normal banking system is nowhere near that easy either.

No-Pea-7530

Right. So those swift and ACH numbers understate the number of payments banks handle

No-Pea-7530

If you send money from your account at a bank to another at the same bank do you think they are using swift or ACH?

No-Pea-7530

ACH runs 23.5 hours per day. Visa is 24 hours, come on.

Scionic94

What are business hours? What is uptime? Key points outside of transaction volume. Moreover, who has control over ACH and SWIFT ledgers? Who has control over BTC’s ledger?

No-Pea-7530

lol. Do you have any idea the volume of payments swift and ACH handle daily? No, bitcoin can’t possibly keep up.

Scionic94

So many privileged westerners in the comments that don’t understand allodial title, bearer assets & settlement, or the concept of outside money. We get it. Debit, ACH, SWIFT all work for you. This is NOT the case for vast swaths of the world’s population. Check your financial privilege before you shill for the fiat banking cartels.

Scionic94

Coffee in lightning, settle onchain at the end of the day. Similar thing happens with visa relative to ACH/SWIFT. The BIG difference that every privileged westerner misses is the allodial title and outside-money nature to self-custodial settlement.

Green_Struggle_1815

> Did you edit your original comment? no > Are people using ACH and SWIFT for their coffee payments? Lmao no mostly debit cards here. which have far lower transaction fees than btc.

Scionic94

Did you edit your original comment? Are people using ACH and SWIFT for their coffee payments? Lmao

Scionic94

Certainly more efficient than ACH and SWIFT in every single way.

rgnet1

When you buy something online, you think the problem is solved with credit/debit cards or arcahic transfers like ACH, but are not aware of the paper cuts being made on you along the way. And those fees by middlemen cause higher prices, but you think you’re winning because of some cashback reward which is really money they’re giving you AFTER they’ve taken profit from the merchant / recipient. That’s just the cost issue. Those middlemen also can freeze or delay your transactions. Some recipients, especially in authoritarian leaning countries, can’t even receive your money. Bitcoin is permissionless. These are real problems. In your narrow, privileged view of money where you’ve never been unbanked or never had your money delayed, you think there is no use case for money without central control. And this doesn’t even cover debasement.

hank_3321

Only cash and cash equivalent transactions trigger a currency transaction report. Transfer between accounts, ACH deposits/withdrawals, check deposits/withdrawals, wire transfers, etc. do not.

PulpAssets

Privacy, Revolut & Wise you can top-up via ACH. Halocard you can load with stables or crypto. All need KYC.

relativityboy

Looks like banks being responsible. I've had gobs of money in a bank for one of my businesses but if I tried to move more than 3k out of the bank _via friggin' ACH_ they'd decline the transfer. Nutz.

Bigfoot253

Banks will always rather you use an ACH, Wire, or Cashiers Check.

Buttoshi

Bitcoin true settlement of scarcity is faster. Does ACH work on the weekends and holidays?

commodore_kierkepwn

Yea hes just jerkin his brain off. IF ALL WEALTH IS X AND LOST BITCOIN IS Y THEN ALL BTC IN SET Y WILL EQAUAL THE AMOUNT IN SET X. AND OH X IS ALWAYS THE SAME BECAUSE I READ THE FIRST CHAPTER OF DAS CAPITAL AND KNOW WHAT VALUE MEANS. The future of this digital currency relies on a growing online black market ✅ “people wanting to trade from Evan’s wallet to not Evan’s wallet” ✅ A faster system than ACH that’s similarly easy to use that will be passed by any policy leader ❌the same in Europe(is fast)❌ the same in Africa ❌ the same in China (I hear is fast) Ummm And I guess basic macroeconomics would have to be wrong(not about fiat ya dingus about scarcity are you not reading???). Also the ease of payment is huge to me. Tips, migrant workers, undocumented laborers, Appalachian pharmacy plugs (although btc decreases the demand for these good folk who’ll sell you a poke). ✅

PhoeNix_WYL

If I ever needed to buy around 50k of BTC for a project, I would compare ACH based exchanges against any OTC desks my bank is comfortable with. Best Wallet helps me track costs, fees and spreads may sneak up.

Sixhaunt

he never said ACH, he said bank transfer. Here in Canada that means e-transfers and they are instant. The rest of the world has had good bank transfer systems for a very long time just like the USA is lagging behind in terms of still using the old fashion bills and still not standardizing restaurant POS machines brought to the table rather than your card being taken out of your sight/control for it. The USA can always join the 21st century for monetary transactions if it wants to.

T1Pimp

I commented how you're wrong. You said ACH in response and then changed the subject to something irrelevant.

T1Pimp

ACH takes 1-3 days to settle. You think that'll fly huh?

mikehamp

no. the only MasterCard or Visa card that looks really good to me is ready app card. amazing features on that card and the wallet is not bad. they also allow ACH and Iban conversions to usdc for free. only downside you need to bridge to Starknet. pretty easy. I don't like any other self custody wallet at present. I don't like all these gimmicky reward cards with levels. I just want a no fx card with 1 simple reward cash back. that's it. it would be nice to earn on usdc too which you sort of can here too. there is also no need to top up card which makes crypto.com useless.

coldfisherman

I had very high hopes, even modified a ton of corporate software to replace ACH transactions with ETH/ADA/SOL but then..... out came a bunch of blatant scams with Trump coin and melania coin and whatever. I couldn't even say crypto at a meeting without getting some major negative judgement. Literally hundreds of thousands of dollars of coding into the trash. It's infuratiting to see so many points where crypto could save a fortune and make everything so much easier, yet a single politician can turn it into garbage - even with all the corporate heads all trumpie, they believe it's just a scam to make money (and They are literally OK with it for that purpose!) ugh. Now.... I don't know. I sold a bunch and bought some rental properties this year I still have some that I couldn't bear to part with, but honestly, I think the ALT coins and this endless scamming from politicians. Will never end

btcprint

Just a settlement mechanism, not 'crypto*currency*' Much needed over ACH and wire transfer.

willieb1172

I’m in the US, been doing this a while. What works best for me is, ACH to Kraken, then transfer to cold wallet. Only Ledger or Trezor, bought directly from company website.

pop-1988

ACH transfers are slow because of the transaction reversal risk. This is a problem specific to the USA. FedNow was supposed to enable instant bank transfers, and retire ACH, but the Fed is deliberately slow and restrictive about approving banks to participate in FedNow. What are they afraid of? Customer convenience?

fairlyaveragetrader

Linking a bank account is typically the only way you're going to do that from a traditional exchange, everything is monitored in the United States these days, kyc The slightly less legal way that you could pull your money off if you're worried about something or another, like the cycle, it's more steps but you would basically be sending your Bitcoin to a non-kyc exchange and then moving into a stable coin If you want actual USD, you just have to link your account and do an ACH transfer

DigitalHemlock

In fairness they are making money off your money in exchange for that 4% AND a banking system you use, web interface, app, ATMs, ACH payments, protections via FDIC and against theft, etc, not to mention in many cases physical locations and customer service. Not saying the amount they make vs what you get is "fair", and that crypto shouldn't change the industry, but they do provide a service that costs them money to provide so having a spread on what they make vs what they pay is at least categorically reasonable IMO.

FnAardvark

Must be a Euro thing, because I've bought significantly more than 5k at a time, several times now. I my limiting factor was Kraken's max ACH limit for my account, not my bank.

PEBeachbum59

Since I have to have my crypto on an exchange for a few days until ACH settlement, I use Coinbase. I trust them over the rest. But as soon as available, I move to cold storage or at least Trust wallet

Inevitable_Doctor576

Crypto has the inherently useful feature of being removed from legal interference in possession and transfer of value. ACH/Wire/Bank Accounts etc. all have corporations and government at the helm which can result in remote seizure. There is a pretty high burden of effort on the government to take it from owners who store in cold wallets.

gstname

Zero issues with Coinbase. I usually cash out 1-2 coins at a time and once the ACH transfer arrives I transfer the next set of coins. Once you cash out $500k in 30 days or so Coinbase bumps you to VIP level and you get a personal concierge assigned. Only thing to watch out for is to log into Coinbase with a security key when triggering the ACH transfer. When logging in without a security key (passkey or TOTP) it sometimes flags transfers for a manual review. From Coinbase I directly ACH transfer into Fidelity, but I've read from others that they aren't able to do that. I'm not sure if it's still possible to setup new ACH links from Coinbase directly to Fidelity.

paperplan556

Lol this day dream (or maybe its real). I had this dream before, and eventually it manifest. So keeps on dream hard. I used solely Coinbase since 2016,17. I have transfered and withdrew without any problems. Only issue is I can only transfer 100K/daily. Its my bank and coinbase daily max. So if I want to do 1M, then that will be 10 days. My record was 5 days straight. Haha i kept on thinking the IRS will show up, or bank will locked. Nothing happened at all. I havent find another way with 0 fee to transfer more than 100K. One time I need to transfer more than a 100K in short notice. I just used the other withdraw options but those fees adds up. For 50K instant ACH withdrawal fee is ~$900. Somesay 1K fee is nothing to 49K, but 1K is 1K. Thats a could be someone weekly check. Im cheap so I only use that in an extreme emergency. To this day 0 problem with coinbase, just get youself 2 yubi keys (or more), one to backup another.

SkewerSk8r

Kraken OTC ~ highly recommended. Fiat ACH transfer to bank same day on 7+ figures.

Valor0us

It's cheaper and faster than ACH. What universe are you living in?

jfkdjr1

My Coinbase's ACH limits are $3,000 a week and Kraken is $2000 daily. It would take me a lot of time to buy a whole coin with ACH.

CheeseWeezel

I second the CapitalOne suggestion. With River I can purchase up to $150K a month from my CapitalOne account, and that’s just with regular ACH.

No_District9762

ACH isn’t going to get your bank account shut down unless you’re tripping fraud flags. Banks block wires to crypto, not normal ACH pulls. Coinbase and Kraken process millions in ACH every day banks don’t manually screen that the way they screen wires. WF, Chase and Schwab all block wires to exchanges now. That’s not new and it’s not personal. It’s compliance + fraud risk. If you want to move more than 10k at once, you really only have two realistic options left: 1. Use a broker like Swan or River. They handle large BTC buys as a single purchase and the bank only sees a transfer to a licensed broker, not “Kraken.” 2. Open a crypto-friendly bank or credit union account. Your current banks will never override their crypto wire blacklist no manager can change that. ACH daily pulls is honestly the simplest route. It’s slower but it works and it doesn’t get blocked. You’re overthinking it nobody at the bank is manually watching ACH from Coinbase.

jfkdjr1

1. ACH limits on my Coinbase and Kraken are $10,000 daily, I believe? If I do an ACH everyday by pulling from those platforms, I am 1000% sure the bank is going to block it and close my account or just stop them forever. 2. I have a WF, Chase and Schwab account. I asked all of them if I would be able to do that, they said yes ha ha ha not a problem for us, then I transfer over the money to any of them, and boom, they don't let me. They are basically making me stuck my money in there. 3. I don't know, but they somehow have these wiring details of crypto exchanges blacklisted and they won't allow a wire to any, any of them. They know it's for crypto. To "protect me" bla bla bla and other bullshit and even speaking with a manager and explaining doesn't help. I know that buying a whole coin isn't the hard part, but it seems like impossible for me. 11 days of trying, talking to every single fucking bank and exchange and no resolution.

No_District9762

Banks have gotten insanely restrictive with crypto wires since 2022. They don’t care about your plans — they care about chargebacks, fraud exposure and compliance fines. If you want to move more than 10K at once, you basically have three real options: 1. Use an ACH-friendly exchange like Coinbase or Kraken and just stack it in chunks. Annoying, but it works. 2. Use a crypto-friendly bank or credit union (there are a few not the big guys). Signature and Silvergate used to be the main ones but both collapsed. Now you’re stuck with smaller niche players. 3. Use a broker like Swan or River who can handle large BTC buys and bank transfers without the bank freaking out. Buying a whole coin isn’t the hard part it’s convincing traditional banks you’re not a fraud case waiting to happen.”

Standard-Care1491

Have you looked into Strike? Been using it for about 8 months now and it's pretty solid for what you're asking. - ACH deposits work fine, usually clear in 2-3 days - The fees are way lower than most exchanges.. like 0.3% or something - You can withdraw directly to your own wallet which is nice - Interface is super clean, almost too simple but i prefer that Only downside is they don't have a ton of features if you want to do more advanced trading. But for just buying bitcoin and moving it around it's been great. Also heard good things about River but haven't tried it myself yet.

SpinakerMan

A bank absolutely can pull that money back out of your neighbors account in the event of an error. They would just submit a reversal of the ACH transaction.

OprahsScaleBroke

Alchemy Pay (ACH) going to blast off soon! 🚀🌙🎆💰💯

Gullible-Tale9114

Hey, Jessica from awaken here, Don’t DCA with a credit card if you can avoid it...the fees add up fast. On Kraken, the cleaner and usually cheaper route is to deposit by bank transfer (ACH/SEPA/wire), then set recurring buys directly into BTC, ETH, and SOL in whatever percentages you want. That way you skip the card fee and avoid extra hops. Buying a stablecoin first only helps if you’re forced to use a card and want to pay that card fee once, but you’ll still pay trading fees to swap into each coin and you’ve added steps. Keep it simple: one buy per asset on a fixed schedule (weekly or bi-weekly), and consider fewer, slightly larger buys to reduce total fees. Also peek at Kraken’s fee schedule (maker vs taker) and remember every swap is usually a taxable event, so fewer trades keep your records....and your life.....simpler.

coldfisherman

He utterly obliterated my plans for implementing ETH transactions instead of ACH in my software. My clients decided crypto was all a big scam because ... and they just list off a bunch of bs trupie scams. Even fckin Melania coin. Ugh. Entire project down the drain.

coldfisherman

I've been trying to convince one of my clients to use ETH smart contracts instead of ACH transactions between their sub-companies in this corporate logistics system. Now, the trump grifter coins are all they see and people think I was trying to scam them. It's really infuriating to see all these possibilities just get thrown in the trash because of a these con men

CryptoMemesLOL

You should research or ask questions before you throw attacks at things you don't understand. A simple Chatgpt question got me this in 5 seconds !! >That post captures a very common mistake: using the retail, consumer-facing crypto rails (Coinbase, Binance, etc.) instead of professional payment or off-ramp infrastructure built for freelancers, startups, or companies handling crypto payments. >They’re doing everything right except the part that actually matters: how they convert. >When you use exchanges like Coinbase/Kraken as an individual: >You pay retail spreads (1–2% hidden in the conversion). >Withdrawal and network fees add another 1–2%. >Bank transfers are slow because of legacy rails (ACH, SWIFT). >You lose optionality, you can’t hold stablecoins and spend them directly. >So yeah, 3–4% friction for moving “digital dollars” is nuts, but avoidable. >Here’s how pros, freelancers, and crypto-native companies actually do it: >1. Use a crypto-native payment processor >Platforms like: >BitPay, Request Finance, BitWage, Onramper, Transak Business, Uphold, Kraken Institutional, or USDC’s Circle Account Let you: >Receive USDC directly (no middleman wallet) >Auto-convert to fiat (USD, EUR, CAD) at interbank rates >Withdraw via Fedwire or SEPA (1 business day, minimal fees) >Typical cost: 0.1–0.3% total, not 4%. >2. Use a regulated fintech with crypto-friendly banking >If you’re in Canada, EU, or the US, look into: >Wert, Monerium, Kraken Bank (coming), Revolut Business, or Mercury + Circle integration These let you hold and send stablecoins like USDC as if they were cash — no conversion until you choose to off-ramp. >3. Peer-to-peer but automated (non-sketchy) >There are now P2P aggregators that automate the matching without meeting strangers: >Paxful (for stablecoins), Ramp Network, PayTrie (Canada), or Binance P2P Fees are <1%, instant settlement, and you stay in control of the wallet. > >4. For recurring freelance work >Use BitWage or Request Finance: >Create invoices in USDC or BTC >They handle FX conversion and deposits to your local bank >Transparent fee structure (\~0.5–1%) >Many Web3 companies use Request Finance for exactly this reason. >The Ideal Setup (for freelancers or small businesses) >Wallet: self-custody (e.g., Ledger or Metamask with a safe multi-chain wallet) Payment: Request Finance or BitWage (receive in USDC) Off-ramp: Circle Account or Kraken Pro (convert only when needed, at interbank rates) Bank: fintech that supports crypto cashouts (Mercury, Revolut, PayTrie, etc.) >That combo makes conversion: >Instant (same day) >Cheap (0.2–0.5%) >Non-custodial (you control funds until the last step)

OverCrookedSalmon

I evaluate “best exchange” by total cost, liquidity, asset coverage, and exit reliability, not just brand. Best Wallet’s security defaults are sane, and setup is quick. For platforms, I compare spread plus fees, depth on the pairs I actually trade, SEPA\/ACH speed, and how clean the withdrawal flow is under stress. I also check proof-of-reserves methodology, status page transparency, and whether they publish incident reports. Operationally, I keep only a working float on any exchange with strong 2FA, withdrawal whitelists, and alerts, then sweep to self-custody for storage. Before committing, I run a tiny end-to-end test: deposit, trade, withdraw, verify on an explorer, export a CSV for taxes. Performance in that dry run tells me more than marketing pages. Not financial advice, just a routine that reduces surprises.

personalfinants

In the US it's ACH and it takes 1-2 business days.

personalfinants

I don't think I've ever paid that much in fees? You didn't say what country you are in. Current bitcoin transaction fee is around $1 (if you are only sending $1000 worth that is 0.1%, lower if you send more) and taker fee for selling on Kraken is 0.4% so that only comes to 0.5%. Even on Coinbase the taker fee is "only" 1.2%. Then ACH from Kraken to checking is free and takes 1-2 business days. Taxable event, that's unavoidable but hopefully it's only once per month.

morrisdev

Yes. Everyone should. It's not just a bunch of unreliable garbage, it makes 100% of people who don't understand the crypto world believe all of it is a scam. It's infuriating, since I spent a TON of time and money making system changes to allow ETH transactions instead of bank ACH, but the endless fucking meme coin shit made all my clients refuse to work with it.

_IscoATX

Highly recommend Fold+ for this. If you’re living your life close to a bitcoin standard it works wonderfully. Bitcoin Wallet and Checking account all in one. And cashback on ACH payments. And no trading fees so all you have to worry about is the spread which is already really low.

Coiiiiiiiii

You might have to optionally subtract a few cents for a transaction fee if you self custody, however a few minutes later you should have it in an exchange. Then subtract something like 0.5% for the trading fee. Then 3 days for the ACH transfer to go thru, or pay like 25 bucks for a wire fee that takes a few hours to a few days.

rgnet1

>My biggest lack of understanding is not how to get money in, but how to get money out how do I get back to fiat cash. It seems so complicated. Um? Go to Coinbase. Link bank account. Deposit $100 by ACH. You now have $100 in your Coinbase account. Place market order for $100 worth of bitcoin. You now own bitcoin, albeit it's in Coinbase's custody. Just like Etrade has custody of your stock in Tesla. Now place market order to sell all your bitcoin. Assuming no big price movement, and after fees and spread, you will probably have $97 cash in your account. Withdraw $97 by ACH back to your bank. I'm glad to add one lesson to your 25 years of experience on EXIT STRATEGY. I'd say it goes without saying, but with you that's probably not true, you would be incredibly stupid to buy and sell immediately. Just like with any stock, FX, or other instrument - you instantly lose value on fees. Also, the fee example for Coinbase can be mitigated heavily by doing maker-only trades directly on their order book.

McBurger

Coinbase was, & will forever be, the valiant heroes of crypto. Buying bitcoin required me to create a Mt. Gox account, which was very sus at the time (lol because rightfully so). Funding money into it required me making an account with a service called Dwolla to pair it with my checking account, do verification ACH deposits, and send away. I’m happy I lost nothing in the Gox exit scam, I always self custodied (i.e., spent) my bitcoin. Gox had shit support, bad service, slow times, and obviously they were thieves. But when Coinbase came on the scene in 2013… we finally got an American exchange. The first legitimate reputable exchange. This guy Brian Armstrong is a huge nerdy crypto enthusiast and wants to do it right. We fucking loved Coinbase around here. Coinbase single-handedly did so much to establish Bitcoin as something legitimate that large investors could put trust in. The entire 2014 bull run was kicked off largely in part by Coinbase bringing accessible exchange accounts to all. They really pushed things forward and I am of the belief that without Coinbase, Bitcoin would have spent several more years being stagnant and forgotten in the void left behind with MtGox and BTC-e. It kind of makes me sad that only a few years later, it was around the 2017/18 bull run, that so many newbies came in shitting on Coinbase and calling them a scam and the worst exchange and fraudsters and terrible support and etc. you know the story. A lot of it is warranted, but idk. Personally I switched to Kraken myself, lol. But Pepperidge Farms remembers. I think Coinbase is still cool guy who kills aleins and doesn’t afraid of anything.

RetiredAvocado

You need to have a verified exchange account ready to go. Deposit to clear 20 min to an hour. Selling pretty much instant. Withdrawal to bank account a wire could be same business day or overnight. ACH 3 to 5 days.

TranscendentGamer

Yes, the issue was failed ACH transactions. It typically takes three to four days (or sometimes longer!) for them to settle and appear on your bank statement. At the time of my call, the transactions had not yet been reversed, as they were still processing -- I had already replenished my bank account with additional deposits that morning. I then followed up on my action and contacted River’s customer service to ask if they could expedite the release of my held Bitcoin, since it was being released in very small amounts which I found to be problematic and at a frustratingly slow pace. Shortly after that conversation, my account was unexpectedly closed.

toodimes

The initial issue was failed ACH transactions correct? You initiated either a buy or a cash deposit and that ended up getting reversed?

Wiggles2090

Thanks. Lmao not me on robinhood trying to search for the ACH ticker.

Factualx

ACH transfers clear overnight for free, and wire transfers clear instantly have lower/same fees as your typical crypto transfer. If you're going to go on about how an international wire transfer could take longer or blah blah, I refer you back to my 99.99% use case comment.

TowlieisCool

I can deposit five figures through ACH, they'll front me the entire amount while its pending, and I can have it in defi in minutes. Paying a small spread is worth the convenience.

nemes1sx1st

I got an invite as well just curious though does the Coinbase one card as an actual credit card meaning apply for the card through AMEX and get approved with a credit limit or is it simply based on how much crypto or assets are in the account? Also, if I make a charge with the Appointment, one card doesn’t bring up a balance that I can pay ACH checking instead of it, pulling from my CB balance.

spearsy33

I used to do it with the debit card though PayPal bill pay, but they got wise and changed the rewards. Now I just do the ACH and get 0.25% like all other ACH… bummer. I was getting great rewards for the first year.

ChemistrySea6790

I evaluate “best exchange” by total cost, liquidity, asset coverage, and exit reliability, not just brand. Best Wallet’s security defaults are sane, and setup is quick. For platforms, I compare spread plus fees, depth on the pairs I actually trade, SEPA\/ACH speed, and how clean the withdrawal flow is under stress. I also check proof-of-reserves methodology, status page transparency, and whether they publish incident reports. Operationally, I keep only a working float on any exchange with strong 2FA, withdrawal whitelists, and alerts, then sweep to self-custody for storage. Before committing, I run a tiny end-to-end test: deposit, trade, withdraw, verify on an explorer, export a CSV for taxes. Performance in that dry run tells me more than marketing pages. Not financial advice, just a routine that reduces surprises.