Bank Transfer is a very easy way to cash out your crypto. Follow the steps below to sell your Bitcoins in Australia. Tyeman has many banks available so more than likely will be able to do an instant transfer to your selected account. If Tyeman does not support your bank you may want to sell your Bitcoins via bank deposit instead.

• 1After registering a new account on local btc and activating 2fa. Send a trade request here. Include your Bsb and acc details or pay ID in your trade request
• 2In most cases, TYEMAN will be able to do an instant transfer to your bank account. If not TYEMAN will ask if u agree to release the coins when he uploads the transfer receipt. It’s up to you if you want to wait for the funds to clear into your account. But if you choose to wait before releasing the coins the trade may not be accepted. It all depends on stock levels and need for crypto.
• 3After TYEMAN uploads the transfer receipt and marks trade as paid. Release the coins as agreed in the previous step.

FAQs

• 1Do I need to use localbitcoins.com when selling bitcoins to Tyeman with bank transfer?
• No if you are happy to send the coins prior to receiving payment without the protection of escrow then Tyeman is more than happy to accept a trade outside of localbitcoins.com, some people prefer this as a simpler way to sell rather than signing up to localbitcoins.com.
• 2Which banks can tyeman send money to instantly when selling bitcoins via bank transfer?
• This is a tricky question and depends on many factors including available balance on Tyeman’s many accounts, whether you have registered a Pay Id and whether or not you have an account with one of the same banks as Tyeman. But in short yes usually Tyeman can send you instant available balance via bank transfer to any Australian bank account.