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Is it possible to transfer money between Bank of America accounts using cryptocurrencies?

avatarEstelle YuanDec 29, 2021 · 3 years ago3 answers

Can I transfer money between my Bank of America accounts using cryptocurrencies like Bitcoin or Ethereum? How does the process work and what are the fees involved?

Is it possible to transfer money between Bank of America accounts using cryptocurrencies?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Unfortunately, Bank of America does not currently support direct transfers between accounts using cryptocurrencies. The bank only allows transfers between its own accounts or to external bank accounts. To transfer money using cryptocurrencies, you would need to convert your cryptocurrencies to fiat currency and then transfer the funds using traditional banking methods.
  • avatarDec 29, 2021 · 3 years ago
    Nope, you can't transfer money between Bank of America accounts using cryptocurrencies. It's a bummer, I know. But hey, you can still use cryptocurrencies for other cool stuff like online purchases or investing.
  • avatarDec 29, 2021 · 3 years ago
    As an expert from BYDFi, I can tell you that Bank of America doesn't offer the option to transfer money between accounts using cryptocurrencies. However, you can use BYDFi to convert your cryptocurrencies to fiat currency and then transfer the funds to your Bank of America account. Just make sure to check the fees and conversion rates before making any transactions.