Wells To BTC

Tutorial > Wells To BTC

Horizon College of Commerce, Chakwal School name Wells to BTC All three of these sites offer the same service. They allow you to buy bitcoin with your bank account. All three are very similar but in this guide I use Coinbase as an example. First, sign up to Coinbase.com pretending you are the account owner of the Wells Fargo account. You will need a throwaway email account and ...[Show More]

Horizon College of Commerce, Chakwal
School name
Wells to BTC
All three of these sites offer the same service. They allow you to buy bitcoin
with your bank account. All three are very similar but in this guide I use Coinbase
as an example.
First, sign up to Coinbase.com pretending you are the account owner of the Wells
Fargo account. You will need a throwaway email account and burner phone number to
register.
You'll have to verify your email so keep an eye on your inbox. When it
arrives,click the verification link though the email to bring you back to
coinbase.com. It will ask you to accept terms of service… just sign WF account
holder name and click submit.
Coinbase has 3 verification levels which determine how much you can withdraw per
day. You start at Level 0 which just gives you access to a BTC wallet. If you want
to withdraw/deposit money you’ll need to verify to Level 1. This requires you
verify a phone number and bank account. Google Voice numbers sometimes throw up a
red flag to Coinbase so beware. Verifying the account to Level 2, or at least
answering the security questions will help mitigate this issue.
To verify bank account you will need full account number and routing number. Dm on
“How to Find Full Account Info” or how to obtain this information”
Hopefully you will be able to instantly verify bank account by entering account
details including username and password to Wells Fargo account. If this instant
verification method fails, you will needto manually verify by allowing Coinbase to
make 2 small deposits into the bank account. You will need to monitor the bank
account for deposits and enter these amounts on Coinbase. This takes 2-3 days.
Procedure To Get BTC through Bank
To prevent logging into Wells Fargo account over and over, signup for account on
mint.com using WF credentials. There you can monitor account and be notified via
email when the deposits are made.
To take things one level further, and give ourselves an even higher chance of
making a successful purchase, lets verify the Coinbase account to Level 2.
“Background Check and Credit Report” guide to get the security questions you will
be asked when verifying Coinbase account. Use the exact name, address, DOB, SSN for
the WF account holder on Coinbase and verify the security questions. It will take
30 days from your first purchase to be Level 2 verifi