Bitcoin Forum

Is it possible that Bitcoin can be deposited in the banks in the near future? I mean like any other currencies that can be deposited and withdraw in the banks.

There are no bitcoin, so the answer is no. It is however possible to store the private keys with a bank. I dont see a reason too though. Bitcoin enables me to take my own precautions, why remove the trustless element and trust a bank?

yes but why you need to deposit bitcoin in a bank? and Who is the really "owner" of this coin/priv key!?


Yes trust btc is more stronger than trust a bank!!!

What is the use of bitcoin wallet if you store it in banks. And if you store it to banks there are possibilty that your bitcoin can loss by just rubbing online if you hide it yourself your earning and all amount of your money you only know theres a chance that rubbers online dont have plan to rubb your earning. Because if they know that you have a big amount they have plan for you. So if you store your money in banks there are chances that it can be rubbed

some common replies to this subject:

bitcoin does not need banks. you can however put a private key in a safe deposit box any time you like.

banks will not drop FIAT to solely and directly hold bitcoin, at the moment there are regulations that have been around for decades to keep FIAT as the sole currency a bank should handle.

however private businesses are already trying (mostly failing (due to scammy motives of them)) to create bank-like services.

you will not see a bank transacting in bitcoin direct. just like you cant buy shares or gold from your banks ATM.. however their corporate arms(subsidiaries and side businesses) may offer services to 'open special trading accounts' to buy and sell bitcoin just like some banks have special trading side business for stocks and shares.

just dont expect it to be something that will be available as part of a standard savings account or service offered at an ATM.

but overall, i still wonder why people think that banks are even needed... anyone who suggests they are.. obviously needs to learn the benefits of a personally held private key.

I've actually been thinking that if i collect a bit more coins, it might become a good idear to store my paper wallets in a safe deposit box at the local bank. This way, i am safe from home invaders. If somebody breaks into my house in the middle of the night, and asks for my private keys, i can honestly tell them they're at the bank. If the bank ever gets robbed, and my paper wallets get stolen, they're useless to the thief since they're bip38 encrypted (so it might be a good idear to rent 2 deposit boxes in 2 banks to cover all your bases).

At this moment, i think this sounds paranoid since the risks might seems small, but maybe in the future when somebody is known to hold several hundred bitcoins, he/she might become an interesting victim for home invaders with technical knowledge. After all, you're your own bank, so if you hold hundreds of bitcoins, your paper wallets/hardware wallets/cold storage can be physically stolen.

That might be a problem worth considering, but Id still prefer a couple of friends over a bank.

Bitcoin wallet can use to transfer your earning here then transfer to banks. You have a point that if you store it in the banks theres a chance that it can rubbed by robbers. And if you hide to your house many rubbers didnt know what is bitcoin so they dont know this is money so theres no need to secure it. If the bitcoin known worldwide theres a chance that many rubbers target you if you have many bitcoins. So it is safe to hide it to yourself and dont say to your neighbours that you have a big amount of  bitcoin.

Here in our country we are able to convert our bitcoin to cash and deposit it in affiliated banks. We are using an exclusive wallet for that bank and our country too

I really don't see reason for it.
Bitcoin is not on the paper, and bank will not accept is as valid currency.
So, it seems we can only store private keys at the bank but again why to do it?
Is more safe to store such info somewhere offline, in my opinion.

Why would you want to do that?
You have the possibility to store your bitcoins yourself wherever you want pretty safe!
If you don't hold the private key it is not your bitcoin anymore!!!!!!!!
Forget the banks in that case!They're obsolete!

isn't coinbase just like a bank? they cover your ass on your coin, if they are stolen or for any other problem related to their security

if you eman phisical bank, i can not see the reason for it, it would only mean increased fee

As I have been aware that we can convert the BTC to banks and get it credited with local currencies. BTC wallet is same like as banks that are protecting our money securely in Crypt. Expecting the BTC card facility will be the upcoming one to draw money in ATM. Do we still need banks?

I think it's a yes.I think it would be possible.Bitcoin can never replace fiat money now and in the future but it can be one of the fiat currency which can be deposited and accepted payments at banks and stores.It could be a basis of market also if bitcoin will be a fiat currency

It is possible for Bitcoin banks to exist but there is hardly any advantage. The security would still largely be dependent on you since you have to keep your log in information safe from hackers. By giving them the coins, you are also not in control of it and they can run with it. Bitcoin banks are likely not going to be a registered business so it would be risky. Earning interest is also quite hard since it isn't possible for online Bitcoin banks to borrow to others without risk.

Bitcoin and Bank repel each other

Maybe in the future bitcoin will be deposited in banks for interest and the banks will give bitcoin loans.

This isn`t very good idea,because btc price isn`t very stable.

What if a bank gives a loan to a guy and after that the btc price hits the roof.The guy with that debt will

bankrupt....That`s just my theory....

If bitcoin makes tie up with the banking sector what OP mentioned might happen. In reality if it happens then bitcoin will be considered similar to banking. The value it got gets destroyed.

Here in our country we can deposit bitcoin in banks here, But we need to convert it first to our wallet. It is possible to deposit your bitcoins to bank

Many representatives of the banks believe cryptocurrency threatened the entire banking ecosystem, but there are those who are strong enough interest is the use of Bitcoin in the financial sector.
UBS, of Citi Bank, Standard Chartered, of BNP Paribas, of Société Générale, Barclays, of Goldman Sachs.

All these global banks interested in Bitcoins, and have either introduced it into circulation, or are going to enter

It is very possible.

But why would anyone need it?  You can be your own bank. If you want to put your coins in a bank  to gain interest then it is also much unlikely. I dont think any bank would give you an interest. Because btc price is too volatile and the maximum number of coins are limited.

There are already wallets to deposit and withdraw BTC. Why wait for the future? For example, Coinabse. You can withdraw BTC from your signature campaign to your Coinbase wallet. This is the basic system that you outlined above.

No, not for now. We know bitcoin it's opposite with bank, and I think the bank is not easier to have a good relationship with bitcoin. Some dev on bitcoin It's hate with the bank.

I think bitcoin will not become one with the bank, because we know the bank very closely its relationship with the government. And we know that bitcoin is decentralized, so it is highly impossible. moreover bitcoin conditions that are prohibited in some countries. Thank you

I don't think this will be viable for the banks for one simple reason - the very fluctuating price of Bitcoin will cause a constant loss of money when the value dips so they won't want to risk it with such a highly volatile asset like Bitcoin. It will be pretty much a gamble every single day and I don't think banks would want to deal with volatile digital currencies like Bitcoin. Also it would be very hard to calculate people's account balances in real time as the Bitcoin's price can jump up and down for dozens of dollars every minute or so.

I think https://haobtc.com is bank of bitcoin, they give us interest if we put bitcoin on their service.

I am not seeing this happening in near future but there are lots of licensed exchanger who accept sepa and swift deposits and withdraw but they have lots of limitation on the amount of bitcoin that can be bought and sell.

Bitcoins wallets are already like the banks for bitcoins. Although wallets dont give interest but they are easy to setup and easy to use without any setup fee or registration costs. So we dont need  physical banks for bitcoins.

it is very possible. if bitcoin has been recognized by the financial institution will be established cooperation like this. This requires a process, because to attract attention in embracing bitcoin bank will be quite difficult. The main factor is price volatility bitcoin. but it all could have happened, bitcoin has a bright future !!

bitcoin wallet is supposed to be the bank for you. and it does everything a bank does with the help of miners.

i believe if there is a bank for bitcoin then it is defeating the main purpose of bitcoin which is decentralization and getting rid of the banks.

there are some services like

coinsbank.com

e-coin.io - wirexapp.com

I have no problem going through the exchange to sell some Bitcoins and to have it deposited into my bank account.. it's a service built for that purpose. I would like it even better, if I could sell it directly

to the bank, but I doubt most banks wants to hold Bitcoins. I have seen Barclays partnering up with Circle lately, so this might be in the cards for the near future, if this partnership works out. The best

option, would be to move away from all fiat systems and to only deal with Bitcoin directly.  ;)

Haobtc is technically not a bank. Their income is generated from a mining farm so it is basically a cloud mining site. A bank on the other hand, uses the interest from the loans to pay their user. A similar service that does this is BTCJam although i wouldn't use them.

https://bitcointalk.org/index.php?topic=1506063.0

I don't think the banks would like to implement Bitcoin in their systems because of the very volatile nature of Bitcoin. Banks prefer to deal in stable currencies unlike Bitcoin which is used more as a store of long term value and less as a digital currency. There are a lot of ways to exchange Bitcoins into fiat and withdraw the funds to bank accounts so at the moment there is no need for banks to offer Bitcoin deposits directly but who knows there might be a time in the future when the demand could be higher and something could be done about that matter.

I doubt it will happen any time soon, but yes some day it will be common place to use cryptocurrency, at that stage there wont be any need for banks, you will have your own swiss bank account in your pocket, according to Obama that is a bad thing...... ::)

Well BTCJam is obviously not a bank as well.

Apparently, many banks are eye-ing out for integrating bitcoins into them.

http://observer.com/2016/06/fedcoin

Thats not even impodible that we can put bitcoin on our banks in the near future.Bitcoin has the potential to be on the lines of our fiat currency and have it's own physical banking system.Bitcoin network is well developed now so it is slowly going to the line of fiat currencies.So thats posible in future

It is entirely possible for Bitcoin to get banks and other sorts of services in the future, it's just the same sort of natural progression you describe. Someone needs or wants a service, and then someone is bound to create it to satisfy the need, and things like banks are definitely going to appear at some point.

Hopefully we'll be able to avoid the pitfalls of the normal system, but you never know.

I don't see big banks interacting with Bitcoin in any way for awhile to come.

Yes,it has the same function like the bank, but I think like to call this wallet because https://haobtc.com/ only have a little difference with another wallet. I searching information on internet bitcoin is not have a bank for now.

Personally I think Bitcoin don't need to be deposited in banks because we have bitcoin online wallets or cold storage where we could send and receive bitcoin. And for that reason I see no need for us to store bitcoins in bank.

i think if bank adopt blokchain system maybe bitcoin can in the bank and use for transaction, this just my opinion  :)

Maybe one day you will be able to deposit your Bitcoins into a bank, but why would you want to do that in the first place? Bitcoin is it's own bank.

I dont think bitcoin should be deposited on banks , on my opinion because why you need bank , when you own your own bank , no need to give your information,
you can send and receive bitcoins any time , although on banks you need lot stuff to send and receive.

there are wallets like coinbase that act like a bank for you (although without the profit part if that is what you are looking for) but it is not a good idea to use them.

the difference in bitcoin with money is that you own the bitcoin as long as you have the private keys so in order to deposit in something like a bank you have to give up the owning private keys which will require fully trusting a third party with your money.

Well, if I understand the entire purpose of bitcoin correctly, it is to decentralize and have a trustless payment processor. If you have bitcoin banks, then it will betray the entire purpose of bitcoin.

There are already bank like sites out there, whether legit or not. Like magnr.

Bitcoin have totally independent and most flexible for the payment system so in coming future in my opinion the banks may use bitcoins as a major currency for online banking system no doubt in it !!

It is just my opinion and if we put bitcoin on their service and get interest so it is bank of bitcoin.

why would anybody want to put their bitcoin in a bank or a bank for bitcoin?!
putting your bitcoin in a bank means losing control over you money, the control that bitcoin gave you and you are giving it up for nothing, if you want banks you should use fiat not bitcoin.

i dont see any reason i need to put my coin in the bank, if i put my coin in the bank then I lost one of the main reason i used bitcoin which is anonymity, when you store your coin in the bank you will lose ability to control your money, so I wont suggest anyone to put their coin in the bank

That will only be possible if banks will add bitcoin in their list of accepted currencies.

But why wait for that? Other bitcoin exchanges especially the local one in your country uses bank services for us people to get some bitcoin and that is presently active here in our country. Hope your country too has a service like that.

i think it is going to become possible in the future. not because it is a good thing but because bitcoin is a good thing and will grow in the future so banks would want in on this market and the profits that come with it so they will add such feature to their services.
but that would be useless because what bitcoin does is that it helps you not need any banks to keep your bitcoin and do it all yourself.

It is now happening in our country! We have an online bitcoin wallet that is affliated with various banks.
We can also pay bills using our wallet.
Transaction fee is actually low to none. The best wallet in my opinion.

Maybe it could happen someday, but banks need to accept bitcoin first and if the banks have interest for bitcoins, i'm sure many people will save their bitcoins in the bank.

If the banks offer interest for my bitcoins, I will save the bitcoin in banks and the banks can loan the bitcoin out.

Does it pay interest?
If not, I will feel safer with my coins in cold storage.
You are just taking a big risk for the sake of convenience.

i dont think it would be actually possible at the moment because banks dont really like bitcoins

I think it could happen in a country where the government hasn't banned it. I don't see why they couldn't accept it just like fiat. I think a bank that did this could be on the cutting edge for banking in the future.

That's probably not going to happen because in actuality, the banks would just never profit if that's the case because you can easily track of the transactions the banks are doing to your money and that's one thing banks wouldn't do. Transparency, they say.

I think if the banks started to offer the services of bitcoin, then people will rely on banks for their bitcoins (but if they kept the fees etc at lower, the same as now on some wallets etc) because of the fear of hackers and because of the scammers, I think banks will provide guarantee to their coins.

Wow, seems that we have got quite a bit attention here.
Are we a bank? We are and aren't.
We are in the sense that our interest-bearing wallets are essentially a fractional reserve system - your coins aren't sleeping in your HaoBTC accounts, instead, we put them to work. Like a bank, we profit by making more from investment than the interest we pay.
We are not in that we don't have a banking license. Neither do we lend to individual loaners. The upside is that we don't have to deal with bad loans. The downside is that right now we rely on profitable mining - we have created some new sources of income, but mining is still our bread and butter.
Hope that clear up things a bit and happy investing!

You need to answer yourself why exactly banks were created. The most common arguments are:

1. Because storing your valuables, money or securities in your house became problematic and harder. Banks are designed to be more secure for that purposes.
2. People were baited by small and secure income. After all people are earning a small amount of fixed interest by keeping money in a banks.

And with bitcoin both of these arguments are kinda obsolete. There is no need to place your bitcoin into a banking institution for safekeeping, because you can deal with it on your own.
Bitcoin can be stored, online, offline, or even on paper or carved in metal. Possibilities are endless.

Same with interest rates - so far no financial institution will offer you any amount of fixed interest.

ya am sure and confident that in near future it is really possible to deposit and widhraw bitcoin through banks. i think in china and some other countries  they have the facilities in some band to deposit money in One coin.

In principle, I agree.
Bitcoin is a liberating technology mainly because it gives people monetary autonomy. But so far, i don't think the vision of being your own banks has been realised with 90% of bitcoin users (the percentage is made up and based on intuition so may be meaningless, even if it is accurate ). They still use custodians such as Coinbase (and HaoBTC too), which are little different from the banks. Either the technological hurdle is too high for average Bitcoiners or they are not mentally prepared to take full responsibility.
The same goes for interest. Everyone knows that in the long run, return is diminishing - there are only so many coins to be mined and difficulty keeps rising, but that doesn't negate the fact that within a certain time window, it is possible for people who are in possession of the right conditions to mine profitably, and this has been proven in the past few years by some Chinese miners.
While the principles are sound and inviolable, we sometimes have to be nuanced when it comes to the specifics.

The end goal is that we do everything without necessarily involving banks or other custodians. But it will take a long time to get there and we should welcome banks and the likes if they are willing to ride with us.

right now it is not possible and actually banks are pretty against bitcoin and they don't like it.

but i do believe that in the future if bitcoin continues growing and getting bigger and bigger, then even banks would want in so online banks will be created similar to coinbase to keep your bitcoins and give you only an account.
whether it is good or bad is a different argument!

I may try to agree with your opinion,but i think that we may have banks that let us deposit and withdraw bitcoins from our accounts.
In my opinion banks will surely try to get into bitcoin if it will get big,and the many of them are already doing this,i mean they start.
Having bank account with bitcoin would be cool,if you could loan there :D for a good interest

I think the current bitcoin wallet better than the banks. I can fully control my money without interest.

bitcoin need ATM, but instead of storing bitcoin in the bank. si I hope more and more ATMs bitcoin.

Well, if you put it that way, then you must know that by enabling people to use potential bitcoin banking.
You will cultivate this tradition of making people retarded when it comes to managing their own money?
Which translate to: People are too stupid to manage money so it is great for us, since we can profit from that fact.
I am sure that within couple years of 'no banking services' available, people would learn how to manage money just fine.

of course bitcoin wallet is way better than the banks and i think it is much safer to hold your bitcoins in your wallet so i would never choose to use a bitcoin bank i think

same here! it will be more convenient for us if we can have an access through any ATM machines so that we can withdraw our bitcoins anytime and anywhere (i mean mostly those places with ATM machines). i really wanted to have a bitcoin ATM card :D

Yes it is a possibility that banks will do it to cope up with the new  virtual financial systems. Banks will establish a site online accepting deposits for savings with interests. And of course they will be lending also bitcoin. Just like a normal banking transaction but the difference is it is only done online and the currency is not fiat currency but cryptocurrency.

but do banks already aware regarding bitcoin? i mean the banks worldwide or just the few of them? i think if what you said will come into reality, our bitcoin will be more safe rather than some bitcoin wallets that might close anytime.

banks are aware of bitcoins. Bitcoin can potentially become a major means of payment for eCommerce and can also become competition to money transfer providers. some banks are expressing a positive opinion of Bitcoin and it shows that Bitcoin is gradually receiving wider support.

yes I think if every country has an bitcoin ATM, and bitcoin ATM card is widely circulated. This will make bitcoin prices rise, as I'm sure everyone will be interested in using bitcoin than a credit card or store from the bank that has interest. but maybe if bitcoin working with banks, it will be more quickly realized I think. yeah whatever it was I was expecting the best for the future of bitcoin.

Bitcoin in banks won't happen, because if such situation arises banks will surely try to take control over the digital currency network. In the future bitcoin technology might get used by the banking sector than providing bitcoin through banks.

I guess that will never happen,  because bitcoin itself is a bank already. Though bank accept the proccess of blockchain  system but i dont think they accept the bitcoin already. And I dont think the idea of bitcoin bank is effective. Just my opinion.

It's already happen here in the Philippines you can widraw your money using your bank account and you can also deposit in your bitcoin using your bank acount. We're happy many now have done in the Philippines using coins.ph wallet  and had many ways to deposit and widraw money not only bank acount.

Actually, that is really not the case. You still have to convert your bitcoin to fiat, in this case, Philippine peso, before you could transfer it to your bank account. There's still a great deal of involvement of the fiat with bitcoin transactions. Banks could also offer the same thing but they might charge an extra for their bitcoin services, much like what they are doing with other currencies like the dollar and the yen.

Well, maybe it will happen if all people around the world accept bitcoin. Bank will accept bitcoin because all people use it, i'm sure it will happen someday.

why should we deposit it to a specific place when we have portable online wallets and portable hardware wallets. we have already seen what banks do with our deposited money and now we are using bitcoin where we have 100% control over our coins.

In just case if you want to widraw your money  send it to your bank account and need to exchange to Fiat if you don't want to change your bitcoin stay it in your wallet.

Yes it is possible that bitcoin can be deposit in the bank in the near future , then bitcoin can be get more popularity in the world and then more maximum people get interest to invest their money in bitcoin and i hope then bitcoin will more increase its price.

because you'll sometimes need fiat on this world which bitcoin still not accepted that much and on limited condition,bitcoin will only available if there's internet but with cash you can take it everywhere,so just find whether using bitcoin or fiat depend on condition,and bank can't do anything with your money if you don't break any rules and government just not touching your money

it may happen in the future, why not ?
but I do not see any point from doing so because bitcoin was created to remove any kind of middleman so why we need to go back to it ?

That is possible. SImple logic will do. They will accept bitcoins and offer interest then they will give loans in form of bitcoins. Simple as that.

yeah but i think its better if we could take bitcoin as goods rather then currency !

Good question. Someday maybe. I see a bank which you can withdraw your bitcoin in exchange for fiat. But I dont really know maybe it is just the online wallet who is using them and that certain website is just the one getting the bitcoin. Which they have an account to that certain bank you can withdraw into. Ergh I am having a problem explaining it. But the thought that it might have some chance in the future is there.

in present time it is not possible to deposit or withdraw bitcoin from a bank. but i am hopeful that in future it will be possible to keep bitocin in banks.

But indirectly it is possible with exchanges, in a number of exchanges we convert our money to fiats and then withdraw them to our banks to our accounts, I think that is the example of withdrawal of our bitcoins to our banks.

It's not just 'someday'. I think there are going to be bitcoin banks in the near future since I've seen many articles that some banks are actually working on adopting bitcoins into their system, if not, are developing a way of making a bitcoin bank. I think that's a good idea, since all transactions are going to be in public and we can always keep track of what or where our coins are.

you are right in present time it is not possible to deposit bitcoin from bank, i think it will be take too long time and if bitcoin possible in the bank then i hope so that bitcoin will be most powerful currency in the world and then everyone invest their money in bitcoin and more people get awareness about bitcoin and i hope  we will soon see it happen in the future .

I don't think this will be viable for the banks for one simple reason - the very fluctuating price of Bitcoin will cause a constant loss of money when the value dips so they won't want to risk it with such a highly volatile asset like Bitcoin. It will be pretty much a gamble every single day and I don't think banks would want to deal with volatile digital currencies like Bitcoin. Also it would be very hard to calculate people's account balances in real time as the Bitcoin's price can jump up and down for dozens of dollars every minute or so.

of course it is not possible right now and i doubt that it will be possible in near future, to be honest banks dont like bitcoins at all thus they will not want to accept it

It's impossile right now till bitcoin is not legal currency in at least one country like USA, China or Europe Union. When bitcoin will be accepted it also will be added in banks.

I think that if we would have BTC in banks,it could be a little bit dangerous.
Because btc is really easy to invest actually,or to trade it.
If you would loan BTC from bank,and some scammer site would take it away,bank would be a problem for  you i guess.
So it is not good for me,but it may be an interesting idea.

I think it could be done, but it sort of goes against the independence of bitcoin. One of the reasons it was created was to avoid control by banks and governments. I think many people would not want to trust the banks with their bitcoin.

I understand your question but blockchain its already my bank, i dont need the real ones to hold my bitcoins, if i die i will let the keys to my childs being a huge ammount or not the bitcoin will be for them, if i die and my coins at the bank, they will charge a % to my childs has plenty acess to my funds.

yes bitcoin is different from the bank. bitcoin stands alone as a different currency. until whenever conventional banks can not unite with bitcoin. someday bitcoin will create its own bank. The bank's name is BANK Bitcoin.

No you don't pay interest. Actually, they give you a rebate for every bills you pay and top up you make!
But of course, using cold storage is still the safest. I must agree to that.

Really? there are banks that are affiliated with bitcoin in your country? from what country you are from? does they provide an ATM card for your bitcoin? i hope the same will happen in our country because i think our bitcoin will be safer if affiliated with banks :D

Nope i dont think so if you are referring to pure bitcoin inside a bank thats the purpose of your wallet and if the price of bitcoin suddenly drops bankruptcy would come for that bank

Wrong, banks will not go bankrupt from any currency used. Because the Bank is the main place in the exercise of all existing financial governance. So if the price drop then the bitcoin bankrupt and loss are people using Bitcoin, not Banks

That is why i want op to specify if pure bitcoin will be putted in the bank if so yes it lead them to bankruptcy as they primary use bitcoin note i am only stating a scenario o
Not based on reality

Scenario O you mean is less clear. Because in the system used by banks, they prefer the profit and success of their banks rather than things that can destroy their company. So banks will never go bankrupt although he tools rely on is no longer useful

Bitcoin is independent and thats the way it was created. So, why put on bank?  What would be the purpose of all existing bitcoin wallets out there? So, youre thinking it would possible to put a bitcoin on bank, i would say its impossible to happen.

I don't feel the need to be honest to home invaders.
Good luck finding a random house that owns Bitcoins! And even if you do own them, you can have as many different wallets as you want. Nobody can ever tell how many you own, unless you put them in one location, for instance a safe deposit box.

To answer the question that started this topic: if you call an exchange a bank, you can already deposit your bitcoins to that bank. It depends on what you call a bank: here all banks have government guarantees in case they go bankrupt. An exchange doesn't have any guarantees, if they go Mt.Gox, your bitcoins are gone.

If you want a bank to do what banks do with bitcoin, that means they'll lend out much more bitcoins than they own. Say 1000 people each put 1BTC in their account, then the bank can easily give 1000 people a 10BTC loan! As long as people don't withdraw the 10BTC but leave it in their own account. Sounds weird? How many people withdraw their mortgage money in cash?

I think you are talking about spectrocoin.com (a bitcoin wallet which give the feature to transfer bitcoin to bank account) let me tell you this is not what you are saying. spectrocoin (if that is this) just allow you to cashout your bitcoin via bank transfer. this is not like storing bitcoin to a bank account. it is simply exchange your bitcoin to fiat money and send them to your bank account.
so far there is no any bank account which is supporting bitcoin and actually storing bitcoin.

It is very possible that you can deposit your bitcoin in the bank.  Actually you can even deposit it in the bank but not as a currency but in another category.  Like if you have a paperwallet that have Bitcoin deposited on it, and depositting that paper wallet in the bank.  Or you have a bitcoin coins, and want it to be depositted at the bank. 

Many representatives of the banks consider this threat cryptocurrency entire banking ecosystem, but there are those who are strong enough interest is the use of Bitcoin in the financial sector.
For example UBS.-
Swiss bank late last year announced that it plans to open a special laboratory for the analysis of the use of block chains in its activities. The bank will hire researchers who will be working on issues cryptocurrency use in the financial sector.

I personally bitcoin might not need to dismipan in the bank because we also have online bitcoin wallet where we can sendand accept bitcoin . and for that reason I think it is not very necessary to keep bitcoin in the bank .

it is possible but we want it free and portable so everyone is the bank who has their private key with them. bitcoin offers the best security and best privacy and we can use it for our business and financial work without any limitations

It shouldn't and won't be happening, because Bitcoin doesn't supposed to be controlled by a Bank. Bank = Fee, because from where the bank will be able to profit other than the fees.
And anyway, what's the purpose of saving it in a Bank? For keeping it safe?

that's right people will feel loss indeed because their funds are in form of bitcoin but it would affect the bank for the fees, even though bank is really opposite with bitcoin's decentralized feature

I will save some bitcoin with banks if they offer me interests. And my bitcoin can also be lent to people who need it.

Yup, all the things that you say is so true. If that happens then the cost we will increase the time gambling, and I think the bank will start to do something that could make the price of the bitcoin can they play. This is not a good thing to do and is not good for the continuity of bitcoin. Better bank wearing a currency that now and the lone bitcoin

Why would anyone want to keep his coins in bank when one can keep them in offline wallet with him?
There is a government regulation that prevnts keeping large amount of money at home else I would have preferred to keep fiat with me also

Why should I do that? As far As I know bank is the one who accept bitcoins.   And I don't see any reason for me to deposit my bitcoin in the bank, Why does bitcoin called decentralization? if I'm gonna deposit I think private key is no longer be useful. Aside from that Bitcoin is Better than a Banks.

yeah i am sure bitcoin will soon get this facility that bitcoin can be deposit in bank in the future, then people will need to convert their bitcoin to fiat for direct shopping.

In the start I was of the view that banks are better for bitcoin for its more security but now I think that if the local banks started to control bitcoin then there will be a lot of scammers in there who will scam innocent people (i am saying it because recently I heard about a bank scam)

in present time we can see that still not a single country has yet legalize bitcoin in their state therefore banks are also not ready to accept bitcoin in the banks or to deposit it there, but i think in near future all the banks are going to accept bitcoin for exchange for money transfer and every for depositing bitcoin in the banks, because in future the number of investor of bitcoin will be so much and there will be a good income to the banks from bitcoin.

This question its insane to be asked, did you saw the Greece banks problem, soo you wanna let your bitcoin on their hands? I dont trust my bitcoin to banks, i have already my bank, called blockchain and im very happy with it.

i doubt that bitcoins will be together with banks in the future, in my opinion those are two different things and they cannot go along though everything is possible

Bitcoin does not need banks. Why would you trust a bank with you money, when the Bitcoin wallet is safe enough. Banks are for fiat, not for Bitcoin. It would really ruin Bitcoin, also. I really hope that Banks wont come to Bitcoin, it is great without banks. And probably no one would support it or use it, you can see from all the answers here.

I think with this advancement people will get more security and will trust more on bitcoin and will not feel any fear about the losing the value of bitcoin, as the banks will provide guarantee for their bitcoin as valid wealth of the particular person.

i also hope about it happen soon.

I think bitcoin don't need banks to deposit bitcoin. if you heard in singapore there is
ATM for bitcoin they don't need it because we can restore our money in bitcoin in wallet with security how you protect your password and private keys..
Anytime you can deposit your money in bitcoin.. also here in my country you can withdraw your bitcoin into fiat instantly so i think they dont need banks.

i would definitely not like it then because bitcoins would be dependent on banks and we surely dont want for this to happen if we dont want to turn bitcoin into fiat

I don't think so. That would mean bank transactions would be anonymous, which is a disadvantage for the governments. Because we need to be controlled, right?.......

Trust me, governors absolutely hate BTC. They can't accept something like this, and the first to come with this idea will fail.

I don't think so, about that. because it looks like impossible for the bank to giving a facility for bitcoin. because bitcoin is made for a secondary currency for the 2nd world like digital world.

You do not need a bank to store your coins. You should full control of your money. But I am sure that bank-like services should be created in order to find better use for bitcoins to help society as a whole. One example is a peer to peer loaning site.

They create bitcoin coz they dont want any third party like banks. Now you want it to deposit to bank?  Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. Banks are opposite on bitcoin. I dont think they will collaborate.

no , here in my country we always turn our bitcoin into fiat then deposited into banks that's what im doing right now because if you banks use bitcoin currency they probably , bankrupt soon why? because bitcoin is not stable it will increase and dicrease the price if you use banks as investment where your bitcoin grow probably they into scam soon hahaha

Here in our country we can cash out bitcoin through bank by converting into fiat and also we can deposit money through bank direct to our bitcoin wallet to have fund our bitcoin but we can not yet open an account in terms of bitcoin because bitcoin has no physical money but hoping soon bitcoin will launch real coin to be used in different stores in whole world.

Why would I want to do that? I believe my care, or even a paper wallet is safer than a bank. The only thing that will appeal to me is the interest. But in the crypto world, 2% per annum is tiny.

It looks to me you have valid points you are making cause the bitcoin is not so bank friendly otherwise the tradisional banks would have taken Bitcoin completely over by now but they haven't because they can't lol.  :D

it can be a thing of the future not for today.
in the future if bitcoin becomes a lot more popular than what it is today, everybody will eventually get on board in order not to fall behind. and in such day the price will be a lot more stable so 2% cane be good.

well if you think the only advantage of using bank is their interest,if you'd make a lending service,you'll get the same advantage or even more
although price fluctuation could give a profit when it comes in good situation

There are differences of course. Others would be staying in banks for there is not a lot of risk. Safer. Why? Because it is not new. Trust is already there. In bitcoin, it will be a new adventure. They would think there is a lot of risk for it is still young. But hell, I would rather risk and gain a lot than stay at banks where you will just wait for the interest. You are already old and yet your money is didnt grew much.

I think security bank to offer me so I believe the bank is not because they have long known or there. I believe in the bank because if I lost my money in a certain amount and it was purely a mistake bank then they are willing to replace the money because the existing rules are regulated by the state. So I feel more secure using a bank, but besides that I also bitcoin users and trust the security of bitcoin. So better to use both. IMO

i don't think so, i don't think that bitcoin and banks will be together as bitcoin is very bad for banks so why should they be together, it could happen only if many people would use bitcoins

it is not right to say that bitcoin is not good for banks, i think that if banks accept bitcoin it is in their own favour because people will use banks for bitcoin transaction and they will also use banks for depositing  and withdrawal of bitcoins, i think if the states legalize bitcoins the banks will also take positive step about bitcoin and may be they also accept bitcoin in banks.

here in my country i use coins.ph where coins.ph is partners in some of the banks where they can deposit our money , or the bitcoins we sell if you have banks then you are safe to do this and its free and no more hassle and you can also use remitance center and for the future that hopefully soon that some stores are going to accept bitcoin as a payment

yes i am also sure that very soon bitcoin is going to be accepted by the banks, i think the banks are also wait for the states decision, if the state legalize bitcoin the banks will also accept bitcoin very soon, and they will also open their own wallet system for keeping bitcoin , i hope that it will good for both bitcoin and bank also.

If the banks accept bitcoin, it will be a good news for bitcoin and for bitcoin user. Many people will start using bitcoin and the price of bitcoin will increase.

i thought bank and bitcoins are enemys but as everyone is not saying bank will accept bitcoins soon so it seems like we are agai  at the loop hole. banks can make more and more miney bitcoin bitcoin can not so its not repairing us

of course they are not going to be together, thats an insane idea because bitcoin then would become kinda centralized and people would not have that much freedom

bitcoin is digital money, and does not have a physical, so it may not be stored in the bank. but bitcoin has a special atm, and it is similar to a bank ATM. so the same and should not expect to be save in the bank.

I dont think any this could ever be happen,bitcoins are totally different thing,its a virtual currency and how it can be stored in a bank and there is no need for that . Already bitcoin can be stored in a wallet and can be protected with security features in it so no need for doing this in present or future.

I agree, the majority of banks still consider Bitcoin as a major threat to their business and they fera of it. I don't think that they will accept it in the near future. On the other side if the Bitcoin bank would be founde this would be probably the end of the Bitcoin in the way that it is functioning now.

maybe it will be possible in the coming future as everyone is going to shift to bitcoin and banks for their benefit will adopt bitcoin, but I think people will not prefer banks for their bitcoins and they will prefer their own reliable wallets for their bitcoins, and will hardly choose the wallets from the banks.

I don't see the point in storing bitcoins in banks. One of btc's main purposes is to make you the owner of your money. If you want to have them in a centralized bank then why don't you sell them for fiat or gold?

I thought about the same, every currency bank offers is available in physicall form (cash). So not now, but in the future when the society become cashless, Bitcoin going to be offered at banks as well (if the banks still exists, as banks are unnecessary for Bitcoin to work).

If you see about some things in bank and bitcoin is become opposite things but you can't define it as an enemy because it's normal every thing have some characteristic is opposite with characteristic of another thing and you also needs to seeing them from not opposite characteristic.

Exactly that! For me one of the main reasons I am in Bitcoin is because I am the boss over every penny I have. I can store as much money as I want outside the banking system. That's for me the real bomb. That's why I am not interested in a Bitcoin related bank, or a regular bank that will somehow incorporate Bitcoin (which won't happen anyway).

Yes, I also do not like to invest in banks. Although such I also can not avoid the bank, because I am still using fiat that I get from the bitcoin exchanger. I agree, because banks are regulated by the state so if the banks adopt bitcoin countries will also intervene. So with it conflicts with the decentralized nature of bitcoin. Thank you

Yes banks might provide such option to deposit or withdraw bitcoins but I don’t see any reason to store it in banks. You can always have paper wallet or other cold storage hardware on your fingertips. It would be good to send or receive bitcoins through banks but I won’t keep it in banks because I have more secured and trustworthy options. Right now if one is not feeling secured then he can deposit his paper wallet or hardware wallet in bank lockers but won’t be able to claim any interest as one is not actually depositing any money through bank point of view.

no i do not think so that if banks legalize bitcoin then it wil become centralize, to me the banks will only store them in wallet, and will facilitize for the people, but it does not mean bitcoin will become centralize, i believe that if banks accept bitcoin it will be in favour of banks as well as bitcoin, then most people will do believe on bitcoin, and hope that bitcoin will grow more.

The only reason can be interest.
I don't mind taking the risk of keeping bitcoins in banks, if they give me interest on my deposits.

Couple things:

If big, reputable bank would allow people to deposit bitcoin, two things would happen - bitcoin price rise and masses of people trying to deposit bitcoin.

People at this point are so deeply rooted in corporate banking reality that they can't think clearly anymore.

For people banks = better security.  Even though bitcoin stored by individuals in a responsible way is proven to be more effective way ( see: never ending series of "exchange hacks").

It can be possible in the future if banks can accept to implement the bitcoin inter-fracture in to their banking system 

I if this can be possible i will love it

i doubt we will ever see such a thing its just not for them

I think it is possible, and could probably be safer for us depositor... If they have a physical bank, then they will be under the eyes of the government, and they have no reason to run or else they will be violating a law, I think that would give a good link between the government and bitcoin.. But, most probably, it would take more than a debate for government to accept it... That would take many years...

yes there is really a possibility for this especially when bitcoin will increase more of its value and when its is well - known worldwide :D it is also right that it will be more secured if bitcoin will be affiliated with banks because i know that very banks are insured to their mother banks on their respective countries.

i have no idea what you mean by "inter-fracture" (this word doesn't have the meaning you think it does?) but i assume you are talking about banks implementing the blockchain technology which has nothing to do with bitcoin and these banks are only interested in creating their own blockchain exactly like altcoins.
so it has no effect on bitcoin whatsoever.

You're wrong the bank will never to do that, they just taking any things is very useful for them and I don't think so the bank will take their rival to infiltrate into their system, never and never. maybe just copied the bitcoin system it's possible for the bank.

but it can be possible in the future.
because bitcoin has been so profitable so far and it will continue being proftiable in the future too. so banks like any other financial institute out there LOVE profit and can enter bitcoin scene to use this opportunity to make more money.

That's true. To overcome the features as well access available in banking system digital currencies came into existence. Now if bitcoin gets used in banking, its uniqueness gets vanished. For this reason bitcoin in the banks is truly difficult.

Beside the fact that it will nevever happen, we also don't need it to happen, and shouldn't want it to happen. We are our own banks for once. We should be happy that Bitcoin gives us this opportunity.

we are just hoping that bitcoin will be affiliated with banks in the near future because we want more security to our funds. we all know that all banks have their own insurance on their mother banks on their respective countries.

Yes, this is possible. Invest BTC in banks can be new service for bank clients. The problem can be - what will be the ROI of such bank BTC deposit ? And probably banks can not solve this in nearest future, because then they must find where to invest BTC.  ;D

 Wow this topic again!!!! It is not possible to treat bitcoin like a currency as there are no physical bitcoin. How ever it might come as a ray of hope to you that you can store private keys in a bank. But I like many of us hope that bitcoin could be used in banks.

trust for bitcoin..is more than trust for bank...bitcoin is save and secure easy to access...but bank can liquidate. and i dont if bitcoin can have a place in the banks...cause of btc savety..

All that will be connected with money will have a place in the bank. That's is all what banks are for money and just money nothing more.

Banks are also secured, if you loose your money then you can claim bank and you will get back your money while in case of bitcoin account, if someone hack your account then whom you claim or blame for your money?? So i think both are secured and have their own importance. And if bitcoin is place in banks then we have collect bitcoins from banks and use where we want and one thing more if it is happen then bitcoin is accepted in stores also.

how can you say that bitcoin wallet is secured ? do you remember the time that some of bitcoin wallet was hacked by someone ? i think bank is more secured than bitcoin wallet because if someone stall your money you can investigate it by reporting it on the agents of the banks where your money are deposited, and how if your bitcoin stall by someone ? what are you going to do ? nothing because you don't know what to do and you are going to watch your bitcoin losing/stealing from your wallet

I don't see any reason why we have to store our bitcoin in banks, while our bitcoin wallets are banks itself where we store our coins and it will depends to the owner of the bitcoin if what kind of wallet he/she will use a desktop, hardware, or a web wallet. Just make sure that wallet is trusted enough to store your coins because its all about money, a money online.

We all know how the banks system works, soo you wanna to get interest at your coins, this is already offer at bitcoin with its high volatility, do you really wanna put your coins at bank to they lend your coins to others?

no matter how much you trust a site that provide a wallet for your bitcoins, it is still prone to hackers and your hard - earned bitcoin may gone in just a blink of an eye. i want bitcoin to be affiliated with banks because of the security and insurance :D i know that banks are insured to their mother banks in their respective countries :D

I agree, everything that is connected to internet is prone to hacking.  Even your wallet which you think is securely setup in your computer is prone to hacker.  Hackers are clever, they can steal any data from your computer in just one wrong click. Even with all the malware installed, phising, malware and virus keep on evolving. 

If it becomes so (even tho you have online bitcoin banks) I don't think I'd ever deposit, since you can make your bitcoin wallet secure just as much.

Counter methods advance too! Spending some money for ZoneAlarm and SpyShelter will keep any hacker out  :D Ofc they can still try to social engineer you but that depends solely on how you manage things.

Believe or not but this is already happening.
On several exchanges you can lend out yout Bitcoin for some small daily interest rates.
I myself would never do this but I know a few guys who think this is a good way to make some profits and are doing it.

Bitcoin in the banks is unlikely to happen any time soon, because it’s still not familiar in worldwide and not stable yet. Moreover, bitcoin wallets more flexible than banks, not too many rules and regulations as banks in general. Although online wallet vulnerable to hackers, the admin is constantly updating their security, we could just hope the best from them.

When bitcoins become legal somewhere, yes, it's possible but nowdays it's two different sides, people trying to forget banks and starting use bitcoins.

Unless banks have an actual secure way of keeping our coins safe, I am willing to store my coins to them but of course, at a minimal amount only as I would prefer to keep a majority for myself. It is never wrong to have many places as your 'hiding' area for your assets.