Bitcoin Forum

Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.

I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.

I believe it is possible but not impossible, as in my country the banks are fighting against bitcoin as it is causing many obstacles to their development.

I get what your saying since centralization has its pros; efficiency, security, etc...  But i think it is highly unlikely for Bitcoin to have a bank or a centralized entity because Bitcoin is decentralized in itself, so it would defeat its purpose if there is a centralized entity regulating it. But the idea you have is not impossible.

Why anyone convert everything that is decentralised to the centralised one? This will disturb the way everything works in the crypto currency. They will have no more use and no body will interest in it because all the prices for those assets would be controlled by financing system which is nothing apart from the current traditional assets like government. Plus those countries which don't have taxes on it they will levy the taxes also. So in short everything will collapse for bitcoin and it could not be better place to trade at.

I do not like the idea of a bitcoin bank but it is very obvious to me that it is going to happen, banks are going to realize at some point they are losing business to bitcoin and they are going to begin to accept bitcoin as a deposit, I do not think it is going to happen yet because most of the people in bitcoin at this time are people that have a strong ideology about what is bitcoin, so most of us have strong feelings against banks, but as bitcoin becomes more popular and everyone begins to use bitcoin then we are going to become a minority and at that point a bitcoin bank will be a real possibility.

The topic of a BTC bank has been asked many times before and the community has been giving the same answers over and over again. Squatz, next time use the search function. Search for Bitcoin Bank and you will get these results (https://bitcointalk.org/index.php?action=search2).

But is there really a need for one? What for?

I think it is the nano ledgers or the trezor wallet is considered as bitcoin bank because it has the maximum security and offline transactions can be made through the wallet. Pretty much a bank to me but it doesnt have the term of a bank to them but it is to me.

The whole point of having a bank is to regulate money in a particular region and this is exactly the opposite of what Bitcoin proposes, decentralisation. Banks are centralised bodies which are run by the government/private agencies whereas Bitcoin is decentralised in nature, having no regulating authority so no, there won't be any Bitcoin Banks in the future either.

Fractional reserve banking (FRB) is against the fundamentals of Bitcoin, inflationary/deflationary, unlimited/limited, centralized/decentralized. Though Bitcoins monetary base is limited to 21 million, the money supply of bitcoins can be increased through FRB/Bitcoin derivatives. There have been discussions on whether FRB is possible with Bitcoin.

https://en.bitcoin.it/wiki/Fractional_Reserve_Banking_and_Bitcoin

If in future, Bitcoin evolves as one of the primary currencies then I guess FRB might emerge in Bitcoin economy, exchanges as depository institutions or even a fractional-reserve free banking system with Bitcoin.

Currently Bitcoin P2P lending sites are based on this principle.

A day will come that we are going to have bitcoin bank. When Internet come on bound many Banks said there are not going to used it but today we can see that all of them are using it. Blockchain technology is the greatest thing that happened to humanity after the discovery of Internet and I think few years from now we may have many financial elites embark on rendering financial services through bitcoin.

I think it won't be wise on both the business and customer to use Bitcoin as a kind of currency not unless it is stable and this kinds of banks are willing to risk their loney at a loss. With Bitcoin being a volatile currency it would be a hard task for them in having a stable income. Also the customers will most likely be at risk of losing value woth their money in the first place.

Bank is a form of being centralized and it adds security on an individual's health. I don't really think that it is possible with Bitcoin knowing that Bitcoin is decentralized which means that it is not under any form of Government and banks happens to be supported by it. So that's why there are Bitcoin wallets where us its users can store our Bitcoin.

I highly doubt that there'll be a Bitcoin bank since banks are controlled by different governments and Bitcoin is not since it is decentralized. But I think there's no need to have Bitcoin banks because there are e-wallets where a user may store his/her e-cash including Bitcoin. But who knows what tomorrow could bring. Maybe someday there'll be.

First of all, bitcoin is running in a network that operates on a cryptographic protocol. Therefore, we consider bitcoin network as DECENTRALIZE since no single person or group is actually controlling it. And if that's what you are referring to as BITCOIN BANK (where one person or group of people will control the bitcoin network), then I don't think that's going to happen.

On the other hand, when you are referring to BITCOIN BANK as the typical bank where everyone would soon be able to apply for a special BITCOIN CARD that they can use with BITCOIN ATMs, then that's likely to happen in the near future. Although this is a good idea, I don't just see its significance esp. for those who are already owning credit/ATM cards and for those who have already bank accounts.

Swiss central bank announces some weeks before says that they gonna implement the bitcoin to deposit the money with the bitcoin form. They passed their bill in the Government amendment to add that to do. Even Citi bank Newyork Chair person give a press release saying that they create own altcoin to utilize as a virtual currency.
But still we have a problem to regularized with the government norms, taxation and etc...

I don't think bitcoin bank will be introduce because I think the market don't need it anymore, the on-line wallet we are currently using already have the features of a bank and it is more improved because it can handle fund all over the world also for me it is more safer to use our wallet than putting them into a bank because the risk that bank owners may do manipulation and take our bitcoin is very likely to happen.

i highly doubt that this will happen but nobody knows
what the future holds.

I suppose on reflection it would depend on what way
bitcoin turns out. I mean that we are seeing a lot of
investors entering the market and the majority of them
dont care about what bitcoin was created for, it is
more seen as an investment commodity.

so the decentralisation issue may not be a determining
factor in why there wouldnt be a bitcoin bank.

?

Why you need a centralized bank to store your own bitcoins? no need for a bank to store your money.
You can store in your own wallet (whatever you use) and be your own bank.

I am not seeing bitcoin bank will happen in the future. Yes we have many ways to store our bitcoin in our own ways. Bitcoin is decentralized and we have freedom to store it in our ways that will have our private keys. So for me, I am satisfied in storing my btc without having bitcoin bank.

I don't think its ever going to happen although there will be some service providers that would want to function as a bank or say quassi-bank such as exchange sites where people keep funds or online wallets where sum of bits of bitcoin kept on their platform could function as a bank but a full blown bank, is not achievable because of the following reasons in my opinion:

1. The community is a decentralized one but banks means it has to be centralized where some people will have to be the one to issue licences and the like to ensure safety of funds of customers but that cannot happen because even the service providers mentioned above, some people still hold the view that they should not be needed and keeping your funds there is endangering to bitcoin.

2. Personally, I won't put my coins in any crypto bank no matter the returns they are promising because if they promise low, I wont be encouraged, if they promised high returns, its a ponzi scheme.

I am sure that at some point a site will offer a service similar to banks that would be crypto bank but I think it won't be used that much unlike how people use banks in fiat everyday. The main reason for the downfall of any business similar to a bank is that people used bitcoin mainly for decentralization and having bitcoin bank will remove that decentralization that everyone loved in btc. Because of this, I think btc banks would not last because people would rather use fiat money banks.

It's actually quite possible. Bitcoin is continually evolving and adoptions in different countries have been made. Since it will continue to technological advance, then some further adoptions and innovations may be made such as the creation of a bitcoin bank. It may happen years from now or who knows when. Especially if bitcoin is on the road of becoming mainstream or to be used by the mass public then it would be inevitable for their to be a creation of a bitcoin bank. Surely, blockchain technology would continue to advance for the benefit and use of mankind.

Yes, I too believe that bitcoin bank may become a reality in future looking at the way it be advancing towards becoming a main stream currency. But the main idea of blockchain doesn't really go well with the idea of a bitcoin bank. Bitcoin stands on the idea of De-centralization and banking system is centralized. So these are self-contradictory and hard to co-exist on a same platform.

Also there are are few organic issues will pop up if we see a bitcoin bank like government surveillance and enforcement agency inquiries. So I believe, if we continue to with the main idea of a De-centralized currency, we will see a continued growth of bitcoin. If we try to make it main-stream by creating a bank, it may have adverse effect on bitcoin's growth. It is better to be left as it is.

I think it would be impossible. Bitcoin is a digital currency, banks aren't needed already for this and we can stored our coins from our wallet. Only we needed banks if we convert it into fiat money. Even if banks will support cryto currencies in the coming years but I don't believe they will offer this services, instead they just only consider their institution as a medium of bitcoin transaction and collect fees for it.

probably, a lot of people don't want to take responsibility and hold their own keys, but it will be different, As Taleb Nassim, banks will evolve into utility providers, this will result less lock in and more power to end-user, you can move and migrate your assets from one place to another with a hit of button.

I don't think BTC banking is a good idea coz main reason behind BTC popularity is some of its amazing features like decentralization & Anonymity in transaction. If BTC bank formed, it will get the power to manipulate its demand and supply, hence its price, transaction fees etc.
Whole concept of BTC formation is to get freedom from any third party interference while making a transaction whereas Bank formation will be contradictory and against BTC users interest.

The anonymity of the bitcoin system is a myth. At the big desire always it is possible to find traces of the user who committed the transaction. Banks can't work with bitcoin for another reason. Bitcoin breaks all the existing ways to profit the banks. I think that we will witness a fierce fight the banks with bitcoin for life.

There is a similar kind of thread somewhere here or in the bitcoin discussion. I believe it has been heavily and long debated and most of the answers were that it is not possible and there is no point in creating one. The fact that you can just store it yourself is the best thing for your bitcoins.

However, the argument I would like to chip in is that a bank functions as a way to distribute money. People who want to store their money can do so in banks and people that need to borrow money can also go to banks. The banks lend out the deposits of their clients. This can also be done with bitcoins, but I don't think it would be in-line with the purpose and primary features of bitcoins that it is decentralized.

maybe bitcoin bank is unnecessary, because bitcoin is an asset that can not be set by one company. while the bank always has a policy to manage the assets he coordinates. therefore bitcoin banks are not important

Today it may seem impossible to a bank start to work with digital currencies. But as we know all new come in our life slowly. I believe that humanity will understand all advantages of crypto currencies and it will become same normal part of our lifes as smartphones. I suppose at first banks will start to exchange digital currency and with time they will use it in other sides of their activity. it is clear that bitcoin is going to be the first of such currencies.

It could be like that but for me everythink will be just store and secure in internet by goverments if bitcoin will be main currency.

What status should be assigned to bitcoin?

I don't think BTC bank is necessary since we already have wallets wherein we can store and secure our bitcoin savings. It would perhaps decrease its convertion price to physical money if it already has a bank who set standards and policies to crytocurrencies exchage plus ad on fees in their service charges thus making our possible income lesser.

In my opinion, a bitcoin bank is something that will never exist because it is against bitcoin concept which is based on decentralization in first place.
Besides, who have the legitimacy to create a bank and take control over the bitcoin network, no one will allow that.
Even more, It will be easier for governments to shutdown a bank than a decentralized network.

If the local government shows positive relationship among the bitcoin community, yes it is possible

i'm considering that in Europe there exist some atm's for Bitcoin, so the next natural step would be a bank or something like that. I wonder what effect will have such an institution on bitcoin, will it still be decentralized?

After the goverments started to legalize bitcoin, the banks would have also be changed their strategy. They would reform their currencies to bitcoin and altcoins. Therefore it may be right that there will be bitcoin banks in every countries especially in airport terminals.  :)

I agree with you that BTC bank formation will be against users interest. I don't support BTC Bank idea and if ever such thing happens I will never keep my coins in it. Even there is no need for such a bank, unlike cash, BTC is stored in a wallet just like Bank accounts so no fear of loss or damage.

It will be hard if they will always lean on the USD market, if every loan is being coverted to dollars then how will you finish one loan when suddenly the bitcoin exchange will go down.
Example is I have loaned 3 btc not then suddenly btc price is down.
Is my payment in bitcoin will also grow like 3.5 bitcoin just so to equal the amount I have loan?
Of course this banks dont want to be on the losing side. They want profit not loss.

I personally disagree of having a BTC bank because we already have our own wallets wherein we can keep safe our earned bitcoins.And since bitcoin is decentralized,no proper identity is recognized.So we have to control our own bitcoins and keep them safe in our own wallets too.

I think it was a strategy of many banks nowadays because banks has been has not been use because everyone of us is in bitcoin they invest in bitcoin they use bitcoin they save bitcoin. So I think it was a great idea for them to make a bitcoin bank in order to go with the flow or to make something that are appropriate to the needs of today's generation.

I don't think there will be a bitcoin bank. As the bitcoin concept is one line transaction only so the cryptocurrency is created against the banking system only. May be in future banks will accept bitcoin and banks will change their system according to bitcoin requirement.

Banks see Bitcoin as the enemy.
Banks used to see Ecommerce as the enemy.
Customers dictate what will be needed.
BUT Banks are regulated by CBs, Financial Authorities etc.
Getting a Financial Authority to sign off on a BTC bank could be tricky UNTIL BTC volatility falls considerably.
Having all your assets in that level of volatility means your share price as a bank would yo-yo in an unsustainable fashion

In the future bitcoin can be deposited through banks and be withdrawn. I’m an open minded person, for me it’s something most argued with, if this possibility will do good or bad to cryptocurrency but as me since I came here only this years the rampant scamming and shutting down of bitcoin wallet due to running everyones bitcoin make me think that having some bitcoin bank that is privately owned but transparently liable to the people and the government.

I remember that Narbonne had an ICO not so long ago but it looks like they were not that successfull. Also their website ( https://narbonne.io/     ) was not updated since that time.
The general idea of  banks can be used in crypros but excluding all the payment stuff. It is still gona be good to have some safe storage for the cryptocurrency and maybe even some % as an income.

It is highly likely that there will be bitcoin bank in future. It will definitely start its work in developed countries.

This idea is insane. But it will definitely take charge of our coins. Someone will have to manage this and a part of it wull go to bank bitcoin. Butthe pro is that our coins will be more secured.

It may not be impossible given the fact that you thought of it, others may also consider putting up such. However, there is none in the news yet and I don't think it is happening anytime soon. The nature of the bitcoin which is a digital currency presents challenge too in centralizing it. This could probably one of the major reasons why more and more countries are banning this cryptocurrency in their location. Bitcoin was not regulated and would take time and effort to become one in the future.

I think there will never be a bank for bitcoin in this world. But I would be very happy if it could come true.

I dont think that there will ever be a bitcoin bank, firstly bitcoin price is very volatile in nature and investors who wants to create a bank will have to think twice.
No investor would invest in a bitcoin bank which will be hard to liquidate and hard to explain when the government investigate you.

I think there will be no such a thing as Bitcoin bank. Bitcoin was created for decentralization and if you would centralized its main purpose of existence then it would not be called a digital currency rather than you go back in fiat where theres a certain people who controls the money.You will for sure be obligue to send some verfication procces of ownership when applying for something like Bitcoin bank, and you will not be anonymus anymore.

I don't think that there will be a bitcoin bank. The concept of bitcoin is to be your own bank eliminating the people or banks/financial institutions controlling your money for their own advantage. Besides, cryptocurrency is so volatile that it is hard to have a stable rate of interest in which case it could become an advantage or disadvantage to the creditor of the bank and to the bank as well in case someone put his money there like when the rate increase compared to fiat and banks only have a fix rate so it could become an advantage to the bank but if the exchange rate decrease then it would be a disadvantage to the bank which is bad for business because he is losing instead of profiting from it. However, there would be a possibility that a bitcoin bank can appear if fiat would be eliminated which means all are price in cryptocurrency value so there is no need for conversion rates and eventually it would be stable too but it is highly unlikely to happen.

For me bitcoin can survive without banks.Bitcoin and aktetnative currencies are virtual that does not need to be in banks.And i do not believe there will be bitcoin banks as well.

Bitcoin bank would make all transaction to be centralized removing away the notion of transacting autonomously, IMO. But does bitcoin wallet not enough for us to keep and spend our BTC anytime we want without any intervention from government entities?

No, Bitcoin bank will never exists because it's opposing the main idea of why bitcoin created. Currency with decentralized nature just can't be stored in centralized way. But I can't deny that there's also something that works like Bitcoin bank which is Exchanges or online wallet. Once you store your bitcoin there, it'll seem that it's centralized into one wallet with thousands of address just like a bank but a little bit different. That's why so many people never recommend the usage of that kind of centralized exchanges or online wallet. Just for recommendation though, only use decentralized or hybrid wallet if you want the safety.

Yes exactly, narbonne was one of the project I worked on. I thought it will bring some change by creating worlds first crypto bank but eventually they failed. There claim was that they will pay back almost 20-40% of returns (interests) on the bank holding but the project is not functional yet or may be its gone already.


However, there is problem of volatility which people are not considering while thinking about the bank. The bank is solid thing and it should never be unprofitable at any point. I mean look at the traditional banking sector, what do we see? Well, central bank control the prices of currency local and internationaly and keeps the proper balance of printing and distributing of the currency.


In crypto currency emission rate of the coins depend on the mining, sometimes it is difficult and sometimes it is easy. With the time everything is getting condensed and this will not allow proper trading through the banks. May be there needs big central server which will control the prices for the crypto but again if we do that then there wont be any meaning for the decentralised blockchain.

well, so many people keep their bitcoin intentionally on the exchanger. because it's easier to sell. but, I think you're right. only decentralized or hybrid wallet is really safe. it really is recommended.

For me, maybe soonest there will be a bank who will offered to be the bitcoin's authorized bank. As the day goes by, this bitcoin will be more bigger and spread out through the country. Bitcoin is just starting to grow.

Won't be surprised to see banks offering loans in BTC in future, and offer attractive interest rates on certain cryptocurrencies deposits to hold as reserves/loan out.

I do not know the future if there is a bitcoin bank or not, but I do not agree if there is a bitcoin bank. Maybe if there is a bitcoin bank I think the transaction will be difficult and take a long time to wait for confirmation, better than the beginning of bitcoin growth until now is enough without having a bitcoin bank.

I think that there is an opportunity (not for centralized bank) but for an company named similar to bank where people could put their Bitcoins and pay small fee for such service. It could be usefull for people who has recently lost their money on exchange or used to forget their wallet's password.
That place should be for sure bless by bitcoin or someone who is in power to pick that institution die to not destroy the idea of crypto. Then it may works.

May be in future as you said there might come up as something so called bitcoin banks which provide loans like the credit card company but there is already a loan availing feature which is already there in the btc which means you can take bitcoin as loan but the interest will be calculated from the time you take btc as loan i think its interest rate is so high than any other lending service so its better to choose normal credit cards and bank for lending rather than taking loan from btc.As it can only be considered as a best form of crypto currency which is one of the best of investment asset.Some even think crypto exchange as banks.

i think thats possible and will going to happen soon because as we see there were some bitcoin atm's now that automatically withdraws your bitcoin without any conversion online or using any other cashing out methods, so i think that its also posssible for them to built such atm only for bitcoins and this will totally help people who are always on the go.

I think its possible but not feasible. The idea of bitcoin bank where an institution would lend bitcoin as services is really risky. Because bitcoin is designed in the form of trust and the greater risk is on the lender since there is no guarantee that the money would come back to the lender due to anonymity.

The only bitcoin bank i can think of is the regular bank which includes the possibility to move fiat to crypto and vice versa directly with them.

There is already a bitcoin bank and that is the hardware wallet that you can buy from different websites in the internet. Bitcoin doesn't need any bank because it only promotes centralization which is not a good idea to stick with because we choose bitcoin because we want a decentralization and with the different bitcoin wallets, we are already have our own bitcoin bank.

I would agree the practical uses for it are yet to be conceived of besides simply securing assets

It will be interesting to see if banks in the future will start to accept Bitcoin alongside other currencies once it becomes more mainstream

When the banks realise that BTC is killing them, they will change their minds and BTC banks will open.

Also there are BTC ATM's in everywhere, so we can easily say that BTC banks will open. (https://www.youtube.com/watch?v=ZqEdBCKFPAo)

There are some banks that do that today. But there are also some exchangers who just convert the bitcoin that will be cashed out to fiat and then send it on the bank account of the sender. Bitcoin bank I think is redundant because you can be your own bank using bitcoin. Bitcoin wallets are safe if you really take care of them since it is not that easy to hack bitcoin wallets unless it is in an exchangers wallet.

when there will be a bitcoin bank then the government will inside the bank and the bitcoin system will be change from decentralized into centralized. the government will fully controlled bitcoin and we can not see our change to take a part again in bitcoin world and i think if the government is controlling bitcoin then the situation will be change. the government will do everything just to make sure that they can fully controlled bitcoin especially with the price.

Take note : Bitcoin itself is a bank

The largest face of what are you saying is the Bitcoin community back in the days where people are living here and everyone is sharing and making this community lively as they can. Making informative yet supportive, sometimes strict and funny messages all over the threads.

When you want to talk about a bank of systems (implementations of rules and regulations to have a proper approach on how to handle the trasactions of BTC) many platforms are offering that but only few have been successful so far in the industry, because they are still lacking of government support and people handling people is still a big question because BTC itself is bank that no one owns.

I'm not sure about this. Banks are under the power of each government of different countries. Bitcoin is decentalized so it will appear in contrast. But we don't really need banks to be honest. There are e-wallets where its users are able to store their bitcoin for a long period of time and it is more advantageous since there'll be no one to have access to that wallet except for the user itself so it is more secured in my opinion.

Not necessary because their are already a lot of affiliation with banks. The scheme on bitcoin is like a bank it self and it is even more better than banks themselves. So i would still use wallets than banks for storing. But off course in terms of buying things like cars or loans and houses. I could make banking transactions.

I can't really imagine of having that bank specialized only just for bitcoin. Because usually stored in banks are having a physical identity just like fiat money, valuable metals and some important documents. Having this bank(bitcoinbank) is not totally a bad idea because someday we need to secured our bitcoins. Having deposited it on the bank would be one of our options but not of being digital, maybe we should convert it first to fiat money before depositing.

yes the same with your opinion, in my country,  many banks who are struggling to stop the development of bitcoin. because the development of bitcoin is the main obstacle to the development of fiat money.

If seen until now did not rule out there will be bitcoin bank Because from year to year there are many new hunters and automatically need a place in doing all forms of transactions later to more easily and efficiently.

Your statements are quite confusing but in my understanding what you're trying to tackle is a btc bank but is not really a bank. But anyways, imho there will never be a btc bank because people will not entirely support it. The sole purpose of btc is to be decentralized and Satoshi developed btc to be free of a third party to in securing our money. If there will be a btc bank then the purpose of btc is lost.

This is a good idea but Bitcoin Bank should have a big difference on fiat banks, of course anonymity should still be maintained trust ratings will depend entirely on the persons account performance on a certain website or forum not his personal performance. It may be  more difficult to manage this kind of bank than the existing one.

in my country there is still no bitcoin bank, but if bitcoin ATM in my country already have some, and already in use, but still little available bitcoin ATM.

As much as i hate the idea of bitcoin bank, i believe there will be some in the future, although decentralized is the point of having bitcoin, some people will have the need to store their bitcoin somewhere safe. There will be one in the future but i don't know whether it's going to be popular or not.

im sure bitcoin itself a bank and we hold it safety key to our own bank. just no insurance.. that why we need crypto coin that can be act like a bank and secure a insurance for our bitcoin will be more greatly. this will make more safety..

In future such a service will surely exist, because right now itself there are people who has got good sum of fiat for investment as well willing to invest into bitcoin. The lack of knowledge about technology lets them keep calm, so such a service will surely benefit such people who are in need.

I mean why bother the whole idea of using bitcoin is to be your own bank, and be in control of your own transactions, all that banks do is hold your money and ask for fees when doing transaction, using online wallets for bitcoin lets you decide how much fee you send, and you can access it at any time and anywhere, the only way i see bitcoin banks working is if they allow you to exchange fiat to bitcoin and vis versa and only then it would be a good idea especialy for the new users and the poeple who are having a hard time getting it.

this could happen if a government in a country already allows bitcoin transactions and can work with local banks.

With respect to lending services, I cannot really say about that for now which is why we will keep having banks. However, there are P2P lending services once you have a collateral and there are some projects coming up in such areas, so can we have that? Yes we can!

However, some exchanges are already operating like banks, since they must adhere to the country's regulation policies so bitcoin banks are already here unless you want to keep going the direct P2P way without exchanging to fiat.

First what is the purpose of having a bank for bitcoin? Bitcoin has a feature of being anonymous and once you have a banks to store it for the purpose of lending it to others or just keeping it on a bank that means that you need to provide your personal information to that bank and eventually your coin will be controlled by that bank, which will make it a centralized currency. Or are you pertaining to a imaginary bank here in the forum like the one in the lending section?

I don't think that it is nessasary to create bank for cryptocurency. But it will be very good if in the near future you can use plastic banking card with you cryptocurency to pay for goods and services or withdraw the cash

banks are formed not based on individual or agency groups only, but on recommendations and agreements between countries. so it is very unlikely that bitcoin forms a bank.

I think is will be possible to have a bitcoin bank. With all this craze about bitcoins, anything is possible.

Well , that will directly contradict the concept and ideology on which bitcoin is built ! complete decentralization is one of bitcoin's best features and it's creators were aiming for that more importantly than anything else . Having a currency that no politicians or governments control is a level of freedom that is absurd even in the greatest democracies that do exist in our generation , and yet we achieved that level thanks to bitcoin . The currency became a role model in complete independence from any "controller" and is only affected in the way that it's users want it to be , so why loose that ? .

I don't think this is a good idea because the nature of cryptocurrencies is decentralization an you know what? If there were banks it would defeat the purpose of this exactly like you said. We already have exchanges acting as third party middlemen getting involved in between people's money and what they want to do with it and it is causing tons of problems with scams, fraud and theft and this would make it even worse.

This brings me to a kind of realization that one way or another we really have to end up creating some forms of banks after successfully dismantling the last existing one. Actually, I have heard and read of crypto banks but not specifically Bitcoin Bank. But of course, this can be made. Well, only if such idea is shared by a good number of Bitcoin supporters and loyalists. If not, since Bitcoin is primarily against any central authorities, let alone banks, then it won't prosper.

Well, i don't think there will be a bitcoin bank because bitcoin is decentralized currency and they are only controlled with a system. Only the blockchain has the authority to keep the millions of bitcoins account around the world so there is no banks that counterfit the blockchain.

We will never completely dismantle all of the banks. Do you know why? Because some of them will translation to cryptocurrency technology and blockchain technology actually, I should say, and they will progress and survive, whereas others will not adapt to the new changes and these ones will fail badly and be the ones who lose most from this new shift to decentralization.

Bitcoin being decentralized doesn't mean anything in this regard. Nothing prevents whatever service to name itself a Bitcoin bank and to offer feature similar to that of a traditional bank to the public. At the end of the day, it's just a service, and services are free to do whatever they want if they think there is enough public demand. If we look at how many services there are offering loans, a wide field of advanced trading options, OTC for wealthy clients, a place to store your coins, etc, then it's safe to say that we already have plenty of Bitcoin banks operating in this market already. People however keep focusing too much on traditional banks, which are ancient institutions who haven't changed much in the last few decades....

I am very interested to hear Bitcoin Bank. this is a new breakthrough in the development of Bitcoin, we can see that with the Bitcoin Bank it will be more and more services available. Bitcoin can be increasingly trusted and will also lead to much greater things such as the admission of Bitcoin by the government. Gradually Bitcoin will begin to be recognized for its strength and various financial institutions will facilitate Bitcoin as one of the safest and most reliable methods to use. So with that then Bitcoin will continue to experience a positive movement. this will greatly help Bitcoin and Bitcoin prices will increase.

This is very possible especially many nations now are legalizing bitcoin in which banking system could easily shift to bitcoin system because they are already used or exposed to digital system. Fiat and digital are the same currency that will just depend of accounting and mathematical process in which booth have similarity in talking of financial purpose with only the appearance will be the only difference.

For now I don't think that there will be a bitcoin bank anytime soon. A bitcoin ATM may since there are bitcoin ATMs nowadays like in Taiwan. I'm not sure yet how bitcoin can have a typical bank we have now for our money.

I can't imagine bitcoin bank, bitcoin has no physical money what they are holding which everybody can hold their bitcoin in their own bitcoin wallet. That is why i think bitcoin bank is not applicable in this kind of system if all of has our own blockchain wallet. I think much better is bitcoin ATM which we can withdraw our bitcoin directly.

I don't see how will a Bitcoin bank work. I have definitely seen people giving small amount of loans on Bitcointalk itself. But here we are talking about comparatively large organization(centralized) to give loans at big level. Why it won't work is because supply is way too limited along with that the availability of bitcoin in market isn't much as most of the people are merely hoarding it. Bitcoin is highly volatile. These all factors makes lending inefficient.

Why would anyone still be talking about Bitcoin bank at this time? If you need a bitcoin bank, then we have Xapo, we have Coinbase, we have Bitfinex and the rest of them and they are all offering ATM debit cards to withdraw your Bitcoin in cash from any ATM in the world. They are regarded as bank, but if what you are looking for is where you will get loan, sorry man, you better go to your country’s bank and borrow loan, so that when you don’t pay up it will be easy to catch you and lock you up. Kudos!

So bitcoin will always on our wallet and no bank will be involved?  I think we use bank but to save only our bitcoin when it is already exchange in local currency.

There are already altcoins having "banking"-like features: WAVES have lease, Minex has MinexBank. Both give revenues for your money is it's "given" to a 3rd party. So the concept is gaining ground.
I don't want to say that this means that we will see soon^TM a Bitcoin Bank. But "never say never".

i think people are already fedup with traditional banks, therefore they may not be too much interested in bitcoin bank, i think using wallet is the best way to use your bitcoins.

In the future, I think, banks will use bitcoin as one of assets. As, for example, today they use precious metals. There will be conservative people thanks to whom banks will hardly disappear. At present considerable turnover of cryptocurrencies occurs at the centralized exchanges. And over time they will continue the existence, just they will adapt to new rules of the game. It is a lot of projects which successfully carried out by ICO too are centralized. In the future the centralized and decentralized projects will coexist at the same time and to compete between themselves. Therefore, I consider, banks won't disappear anywhere, they will just be transformed and will adapt to new economy

Yes that will be happening all around the world and for this countries are not allowing bitcoin to be legal currency. Actually what properties bitcoin have, they can’t be just made through banking and other legal ways. There are so much clashes when you compare bitcoin and banks theta. But you will see, banks will convert their policies to bitcoin and everything will be fine.

Over the period of time Banks have became necessary evil just like friction. They are helpful but cost of helpfulness is bit much. Nonetheless Bitcoin bank is too much dangerous at this moment. Given the situation of bitcoin being decentralized crypto and no governing body on frauds related to the bitcoin, it is dangerous. Because the rate at which prices are increasing are tempting. And if same trend remains in action then anyone having 1 bitcoin will soon become millionaire. And someone heading a crypto bank with good amount of bitcoins will have second thoughts about honesty.
Bitcoin was seen as possible option to escape from the banking system.

Too much dangerous? Bitcoin banks are absolutely not needed at all, because everything they can offer you, you already have that if you were to download a simple wallet to your desktop.
Bitcoin is the escape from banks.

I do agree that bitcoin banks are not needed or for that matter bitcoin has way to liberate the person or company from the shackles of banking system. There is another facet to the question as well, like interest and fixed deposit like schemes are offered from the banks and other financial institutes, bitcoin does not have any such scheme ( and schemes which offer interest on the bitcoin are mostly fraud).

I agree to that. There is no need for a bitcoin bank since bitcoin wallet is enough to act as a bank for our bitcoin. If you really have of bitcoin and not contented with the security of the bitcoin wallet like desktop or online then you can provide yourself an hardware wallet which has a high security and great encryption for securing your money in cryptocurrencies.

I think bitcoin bank will be a online bank with all the facilities of the real world bank as bitcoin bank will not need any physical infrastructure and other things. Bitcoin can become a global currency one day and then we will need this bitcoin banks to keep your money and also get interest from it.

As well there are many new investment sites like Bit connect are launching which gives a good amount of interest to the investors it is also a step to create a bitcoin bank where people can keep their money safe and also gain a monthly interest.

Well this is possible since other banks has been rumored that adapting to bitcoin system and it is good cause you can actually cope up with the idea of paper money in terms of bitcoin , but I think it is long way run and I dont see this happening for the next may 2-3 years.

It depends on the policy of a country if there is a country that legalizes bitcoin as the official currency I think it is not impossible that the government will make bitcoin bank as a centralization for bitcoin users to store their bitcoin assets and certainly there will be a definite rule applied by the government.

I dont think you will need a bank to store bitcoins because ut is anyways in digital format in the first place, secondly it is a decentralized currency system by nature, which will be breached if any bank gets involved in storing bitcoins. The most important factor behind bitcoins being so famous and valuable is its decentralization i.e. no single mainstream authority to regulate it. Being such, it is at a great extent corruption free and cannot be manupulated by any authority. When we talk about bitcoin banks, indirectly we are talking about it being regulated and centralised. But who is going to take the control? Thus, internet itself is a bank for bitcoins and it being decentralised should be the same in future aswell.

bitcoin banks may not exist because they are integrated directly with the blockcahin system, if a bitcoin ATM machine may exist in every country. but if the bitcoin bank does not seem to be too in need.

I agree to that. The bank for bitcoin is not that necessary because we already have the banks and those are the wallets that we can choose and use from different companies and site and they have enough security measures to make sure that we have that security that we are looking for keeping our bitcoin safe for whether short term or even long term.

I think its impossible that there will be bitcoin bank because the bitcoin concept is one that has controlled the entire anonimous bitcoin acount. And other thing is bitcoin is a decentralized currency so maybe there is no other bank of bitcoin except blockchain.

good point mate but the problem is we are enjoying our freedom here in cryptoworld and all of a sudden because of this banking system we will be centralized i dont think those whale will agree on this they maybe the first one to oppose on this idea.the decentralization system of this community let us feels that we have freedom over government but thos idea will took that from us.so lets think it over before believing that to happen

No i do not think because bitcoin is made out of the fact that people do not trust banks why should we put something like this in a bank i think that is the dumbest question i have ever seen you cannot ask something that is made to never put in a bank to put int in a bank.

I don't think this is possible because if it will happen then surely the bitcoin will be restricted to a particular no. Of people in this world .
But if any site will start own site or services in offline places to accept Bitcoin then surely we can say that will be bitcoin bank like system .
Here to have bitcoin in bulk is really a big risky thing , Because if at once the price of the bitcoin will rise and then at the same time all the people comes at the bank to sell thier btc then how the bank system will pay bulk amount of money to the people ( Because of the availability and demand value of fiat will increase in that case ) .
I think it is more better that Thier is no bitcoin bank because with the direct send and receive system of the bitcoin is perfect way to make use of the bitcoin independently .

Here in our country we have a bank that accept bitcoins in exchange into a real cash a fiat in other words. And it is a very helpful thing to us bitcoiners because we do not need to sell our bitcoins we just need to withdraw it in an atm machine. But It is not a bitcoin bank it is just an ordinary bank that innovate theur style maybe they knew that bitcoins can make their bank more successful. So they are accepting it, that is also a thing that I think makes the people in our country are now involved in this forum

If you have thoughts of such an idea, then the bank must be independent means managed by the group that participates in the development of bitcoins and also supports bitcoins.
Because they better understand how these bitcoins work, so in terms of how to provide collateral for loans and lending, this is already in the calculation.

beside that, bitcoin is like a freedom for every one especially financial freedom because people manage their own money without third party and people which using bitcoin don't need to pay tax or fee for monthly. but i think the government will trying to create a new bank for bitcoin if they approve bitcoin so they can trying to control bitcoin from this banks.

Like we hear about the bitcoin credit card which allows you to spend from your wallet bitcoin bank also don't seems impossible in the future but this will not work good.As there would be centralized control of one financial institution over its regulation and government will intervene in the matters which will give a dip to its prices as they would become more stable and it will loose its speciality and no individual control will be there and limits might be put on.So its good as decentralized currency and will remain always.

I dont think there will be any bitcoin bank because the purpose of those two things is opposite, bitcoin is created for freedom decentralized while bank is centralized, and loan in bank is not helpful it got a very high interest, that is why I used bitcoin, I want to escape from bank

I think if a country that prohibits bitcoin legal in that country bitcoin users do not agree with the existence of bitcoin bank, because there will be more tax if there is a bitcoin bank in that country. Better no bank because from the beginning until now bitcoin users feel safe and comfortable without bitcoin bank.

I never heard about such a bank till this day may be in the future the regular banks start cryptocurrency dealing because they would also realize the importance of bitcoin and the trend of the people that the people all over the world are investing in bitcoin instead of keeping their money in the banks. So naturally they will find solution for their survival and they may start dealing in cryptocurrency.

For sure it is the main thing if the bitcoin will be common in the country we will have the bitcoin price, I can see the bitcoin is now increasing more and more so it will grow more if the country will accept the bitcoin and they will support the bitcoin, I am using the bitcoin and the value of the bitcoin will help the people who are using the bitcoin and they are now investing in the bitcoin and will have the bitcoin bank.

Maybe no bitcoin bank will ever be built because bitcoin don't need bank because it is a cryptocurrency. No need to hold it as long as you have access to the internet you can transact. Maybe we can connect to the bank because for example we need to cash out some fiat money from our bitcoin. But I think it is not necessary to have bitcoin bank.

If everyone means banks to serve bitcoins exactly as they are today, then I would also refuse such at all. After all, there will be more difficulties and more benefits.

This contradicts the very idea of bitcoin. But I admit the probability of the existence of something like this. Something that will look like a traditional bank...

Lmao, there are still people who are novice in this community. You have been using Bitcoin for years and you never realized that there are Banks equivalents on Bitcoin which we all regard as Bitcoin banks. And you want to know some of them? I would recommend you check out Xapo if you’re looking for a service that’s equivalent to banks/bitcoin bank, but bear in mind if you need such services you will be asked to submit some details of you and also a valid ID issued out by your country’s government.

It is not just the contradiction or the assumption but the bitcoin will be held by all the people and we will have the bright future with the bitcoin, I can see the growth of the bitcoin and we are going to have the best and the better future with the bitcoin. The bitcoin value will increase so definitely the bitcoin will get the bank but the bitcoin is having the wallets and I will hold the bitcoin for the long time this is going to increase the value of the bitcoin.

we will have that soon.. we just need too take the digital currency step by step pal.. someone will rise that project and soon everything will be possible , and i hope someday bitcoin can work even with out the presence of the internet ..

No not now because the bitcoin is high in the range and the price of the bitcoin is increasing more and high if you are investing in the bitcoin you will see how fast the bitcoin will give me the bright future I can see how the bitcoin is now increasing in the price and the value I hope in the coming age we will see the bitcoin price very high I am sure bitcoin is the best and it will be the best forever.

Right. Everyone is free to keep their funds in their wallet and exchange it with whoever they want to exchange it with. That was the essence in the first place, which is to be your own bank and have control over your own funds which the security is totally in your own hands.

Except for making use of the exchanges to convert into fiat which is the highest we will ever see being close to banks, they won't be necessary in the long run, when adoption becomes pretty huge.

I have been considering this idea too, but in my own opinion, if this does happen bitcoin will become a restricted cryptocurrency and could lose its essense as an unmanipulated cryptocurrency.

Having a Bitcoin bank may be a good idea since we always have this constant fear that our wallets can be hacked anytime due to the the development of programming and how smart people can get, but having a bank for Bitcoin will defeat its purpose of financial freedom. Bitcoin allows us to be in control and not have any parties involve with our cryptocurrency. With banks keeping it safe for us, they would for sure make something out of it and we will end up not enjoying the benefits of Bitcoin like we do now. Maybe a bank can be established for Bitcoin if they changed their rules about it. Hopefully it doesn't cover the set of rules established for fiat as it will burden us.

Bitcoin bank is a good idea only because we don't have fear in hacking wallet and etc , bitcoin allows us to be in control and not have any parties involve with our crypto currency and with banks keep it safe for us ,may be bank can be established bitcoin it can changed the rules of it and if  there is bank for bitcoin means it will be a restricted crypto currency.

It seems to me that you do not understand why there are banks. Bitcoin can not be used by banks. Moreover, banks are ardent opponents of bitcoin. They not only will never use bitcoin but will fight it in all possible and impossible methods. The massive use of bitcoin will destroy the existing banking system.

A bitcoin bank? Isn't that the whole point though?  Bitcoin is decentralized and i think this is one of the major reasons why states, banks and corporations are yet to jump on it an fighting the adoption of Bitcoin in all kinds of ways.  They portray Bitcoin/crypto's in such a bad light because it is perhaps too transparent for the, they won't be able to rob people and make massive profits to fill their pockets. 

Moreso, i don't see what purpose a bank would play in crypto.  The way it is, its as though each person in crypto has and his/her own personal bank and can do as they wish with it.  I'd much rather this system than the conventional banking system.

There is in fact no reason for this to ever happen. Bitcoin is by definition a saving tool, so banks are not needed. For loans, banks, being fiat money printers, will only loan you their currency, not the neighbour's one. Did any European bank lent in dollars ? No, for an obvious reason.
For these reasons, there will be no Bitcoin Bank.

Of course, will be such a Bank. The task of the banks to make a profit! And bitcoin gives them that opportunity.. loans in bitcoins.. contribution in bitcoins..

Actually not much truely. There can be decentrakised banks accepting bitcoins as payment method but i dont think they can even be centralised. Even now, we can find much websites which runs on the similar function of a bank like various investment websites, etc.

I think we need a bank for Bitcoin :)) We can keep it safe and get more profit everyday by ourselves. We often send money to bank just because we want to be received the monthly or yearly interest but with Bitcoin we no need to do that. We can keep our Bitcoin in our own wallet and still can get more profit when Bitcoin price increase. If someone think that keep Bitcoin in our own wallet is not safe as keep it in bank maybe they don't know about coldstorage wallet like Trezor or Ledger nano s :))

Bitcoin does not need a bank because bitcoin does not have a physical look so just keep it in the wallet ie online wallet. It's just for the progress of bitcoin must have a clear company address so many people will be more confident about bitcoin because there is already a clear address. We also have to know many obstacles in bitcoin, government and bank, but even so, bitcoin should not replicate how to create a bank because they will change the identity of the bitcoin which is very privacy and does not bother draining the administration because this is the identity of bitcoin.

I don't think there is any need for Bitcoin bank what so ever because with blockchian technology all of us individuals are all our own bank and there is no need for any Bitcoin bank. Well to some extent banks maybe trust worthy but to some extent their targets is make profit by way of exploiting their customers and that is all and not for you to benefit from them.

Well, there are those who are planning to have even with credit/debit card. They are being bashed though. They said it is impossible to have a bank with total privacy and so in and so forth to implement. It is combining the traditional bank features and the cryptocurrency transaction features.

It will work the otherway as banks might adopt their own crypto currency with their own terms and conditions to have a firm grip over the funds which will lead to disappearance of one of the major advantage of bitcoin as  the users will lose the full control over their crypto

I hope so , but it is a nice idea ti have a bitcoin bank :) it is easily to exchange fiat to bitcoin and bitcoin to fiat .

There are automated teller machines for crypto currencies in some parts of the world. Now these machines are obviously owned by banks. So banks can be affiliated with Bitcoin through these machines but not necessarily save our coins for us. Because if banks would get into storing our coins for us, the risk of breaking anonymity may be at hand. Now this wouldn't be good...

I agree.I think having this idea would only break our silence in earning as much bitcoins as we want.We would only be monitored by the banks and maybe next in that is we will be already obliged to pay taxes from the government.I'm already contented with my own wallet so i don't need any bank to save my earned bitcoins.

Possible but would be very difficult I think. A normal bank as in retail earns profit from giving loans and collecting interest payments. I think with ethereums smart contracts they can do this with the crypto currencies. It would also be easier to operate, the only problem is default on loans. Not sure how they would incorporate having collaterals in a bitcoin bank.

I don't think we need a Bank to keep our Bitcoin :)). We only send our money to bank because we want to be received the interest from bank every month or maybe year. But with Bitcoin the value of the same amount of Bitcoin change everyday because price of Bitcoin is changing everyday. Maybe value of our amount of Bitcoin can be doubled in just a day. Beside I think we can keep our Bitcoin safe without sending it to bank, we just need to use coldstorage wallet, the most secure Bitcoin wallet at the moment, to keep our Bitcoin safe, nobody can steal our Bitcoin when we don't connect the USB to our computer :))

Banks are very dependent on state rules, as long as there is no state rule about bitcoin then banks will not dare to take risks by receiving bitcoin, this is the obstacle until now why no banks accept bitcoin.

I think there will never being a bank for Bitcoin only :)). If Bitcoin can make bank better so the state bank of a lot of countries all over the world wouldn't find the way to ban Bitcoin in their country. Bitcoin will make bank disappear soon if it'll be legalized in any country cause nobody will wanna keep their money in bank anymore because invest in Bitcoin will bring better profit for them everyday not everymonth or year like bank interest.

The thing on here is that why we would need bitcoin banks since we can already make our own banks thru our wallet.I don't even think that theres a bitcoiner would plan to use those banks.For what purpose? Security? Storing our bitcoin and keeping the keys is already enough which service from a bank isn't really needed at all.In terms of interest its much better to keep your bitcoin in your own hands rather than entrusting it into a Bitcoin bank.They would just sip out tax from your earnings for sure.

In my opinion, the cost of Bitcoin so much as a bank cannot be as long as its value is not stable. People keep their accumulated money in the bank for the security of its money. Since Bitcoin's price is not stable. So if it is a bank, its value will be stable.

It more possible to expect Visa and mastercard to accept bitcoin as a payment method, the same for banks which are intrested on converting bitcoin to cash money with profit, not using exchange

right now i think they are adopting blockchain already but bitcoin as a payment method there are several banks that accept bitcoin already, wait for another year and so on. hope their are no fees or transaction fees that banks needed to it.

If there is such bank bitcoin users should regulate it digitally where we shall have a secured wallet and less exchange rates. How ever if  it is a government regulated bank then not a good idea because why to convert decentralized to the centralized one. It highly creates impact in our bitcoin market. Automatically all the bitcoin users stops transactions with bitcoin when they don't see profits, because all the prices for these assets would be controlled by financial system.

Bitcoin Bank but for what, Bitcoin is a decentralized system and there is not any need of banks for such system. But there might be Bitcoin Banks where people can know about Bitcoin but that too will be not helpful as banks will not able to maintain their financial conditions. Bitcoin is totally based online portal one don't need banks for that, if government wants they can set up places where people can learn about Bitcoin and exchange their currency for Bitcoin and know the latest updates but still you can' call that place a Bitcoin Bank.

Could be but it won't be a new bank that will try to just reach to most countries were bitcoin is used in the most part of economy, for me bitcoin in countries will be going through normal banks.

Well it will be a good development for there to be bitcoin bank, but it will be a waist of time and resources after all bitcoin is design to exist without the influence of any institution or organization. The blockchains are already serving the services of a bank in the cryptocurrencies world so we don't need any other bank or financial institution of any kind.

The freedom is what makes the difference in the first place. What is the point of having banks in the first place? They are meant to help you save your money, cash it out whenever you want, collect loans if you have collateral and so on and so forth while you are still being controlled at the end of the day with the government's monetary policies.

With Bitcoin wallet, you can perform all the necessary functions of a bank yourself without involving any third party which is why a bitcoin bank does not sound realistic.

Banks suck and they will always suck. The community will not even accept it and there is even no way they can easily operate in the first place. What would be the idea? To help you store your money in their bitcoin wallets and give it to you when you want which you can easily do all by yourself. Or probably to give you loan as the OP mentioned, which is total crap.

Having a bitcoin bank would be so useless and no one will even bother to come up with such an idea in the first place. It is even hard to trust centralized exchanges, let alone a bitcoin bank.

So.you think that banks will ever think accepting Bitcoin and acting as an exchange? Funny, cause that pretty much won’t be happening. I’m  not saying on the matter of Bitcoin and Bank being against each others and blablabla. I’m just saying the true fact– and that is that if Banks are going to accept Cryptocurrencies, they will be accepting a cryptocurrency made by the country’s government, which will be made a centralized Investment for the citizens to invest on.

I think thats impossible to happen to bitcoin to be manage by a bank even tho it is a Bitcoin Bank,, why? Because Banks can forbid you to receive or disallow you to make a transaction to any if they find out your not eligible to their terms and conditions.

They wont bother to accept bitcoin but rather they would able to accept on the coin being made by government since they do know that people on that place will surely get involve on that one since its being recommended and backed by gov't. I dont see a reason that Banks would decide to tie up with bitcoin since they do know its capabilities and the things that can be done.It can stand alone and be really an enemy against on a centralised system.

For me it really depends in the country if one country is open for regulating bitcoin or is making bitcoin legal has the possibility that country will open for a bitcoin bank. Banks are intelligent enough actually here in our country they are confused already what bitcoin is because a lot of users are using this one.

Bankers are smart people. You shouldn't underestimate them. The existing banking system may not be the cryptocurrency. This is not because banks do not want to make a profit. They can't come up with a mechanism for the application of cryptocurrency. Banks is one of the tools of the government control finances. Therefore, banks will never use crypto currency which is not controlled by the state.

I don't think we need a Bitcoin bank, might as well buy hardware wallet rather than go with the Bank. What i think possible is a ICO Bank. If you heard about a certain lending platform having their own VISA/MasterCard. I think that's a small step on having a ICO Bank.

Providing a bitcoin bank to a decentralized currency is impossible and people would rather keep it onto their wallets due to other related banking fees that might escalate in the future. I mean, what's the purpose of the bank anyway? Though one might argue for the enhancement of security but this would only lead to conflict within the government agencies especially when you accept a currency that has been viewed as foreign to other countries as well. Also, accepting bitcoin into a bank where its price is highly volatile would only result to a disruption in the market and has the potential of doing damage in terms of its price.
People would rather store their bitcoins in a hardware wallet rather than storing it into a bank that has potential fees in the future.

One way or the other, exchanges are centralized and they are pretty much acting like banks right now. It is expected anyway but we cannot directly say they have the same functions as banks. Bitcoin is a decentralized digital currency and the closest we are ever going to have would be exchanges, but having bitcoin banks would not really serve any purpose in the long run.

Bitcoin is earliest crypto but it need protocol improvement.forming a bank out of it useless.there are different debit card and virtual wallet available to you but still till bitcoin protocol changes is required.the transaction speed is is quite low and transaction fee is is also high.ripple will take over in crypto bank category and let see what will be the future.but there will be a crypto bank as many project are taking initiative to form one.

Having a bitcoin bank is not very far to be attained. Since, there are already teller machines for bitcoin. however, crypto worlds purpose is way different contrary to banking, I guess.

I think that when this trend about bitcoin continues, people might want to have their very own bitcoin bank account. Probably for the reason that the idea of having a bank makes people feel more secure and comfortable with the things they value the most. I believe one day that there would be such a thing like bitcoin banks.

While there will be such volatility then the bitcoin of the bank will not be. We need stability and legalization of it so that everything is official and there are minimal risks for placing its profits in such a bank.

I think when everyone will have bitcoin then banks are not in that much need because bitcoin itself is a bank and all it do is to store the money of investor and return profit over it and banks are completely rubbish in front of bitcoin and in my view banks have no future all they have to shut the banking system and adopt the bitcoin system to have high profit without any interest and yeah this is much better than banks.

I am sure that there is some teams already thinking at this aspect for some time. Now nobody can predict a date for such things but a Bitcoin Bank is inevitable, i wonder what will be the politics of this bank considering that bitcoin is developed on decentralized technology.

bitcoin backed fiat? Maybe who knows... it would remove the risk of loss dramatically for the depositors. There would probably be the need for a deposit and withdrawal fee.

In my country i dont ever heard any bitcoin bank. But if times come that the organizer or founder of this certain bicoin it is better for us or to all users of bitcoin. Because when theres a bank we can easilly access directly.

I don't think this is possible because first of all, one of bitcoin's features is that it allow transactions without risking your privacy and security. Loans and such, which you have mentioned, is not easy to process because it requires info (most of the time private ones) for them to be able to reach you if ever you decided to run from your obligations.

A bank strictly speaking, I don't think so. It's too opposite to the way Bitcoin works. It's a decentralized network, what's the point to open a bank? What would you do in a bank?
However traditionnal bank could help their customers to buy bitcoin or change bitcoin into fiat.

I dont think so, but it is possible if bank can exchange bitcoin

With bitcoin's popularity rising up, there is a probability that there will be a lot of bitcoin users. Therefore, having bitcoin banks is bound to happen. The users of bitcoin need to have assurance that their precious bitcoin will be secure and stored properly.

i think now the number of customer of bitcoin is not reach to the high level that bitcoin administrator create some banks for bitcoin but still there are no such areas where bitcoin is accepting as a payment. it need more time so that bitcoin become famous more and more in world and get maximum number of users from the whole world then the possibility of bank system for bitcoin will be increased.

It's really possible in our world that the original concept of bitcoin can be perverted. Banks are not stupid and they can invent some services including BTC to attract modern generation

I definitely agree that banks are useful and an instrument that many people need to cope with their finances. Not everyone is capable of taking responsability of their own finances. So I think yes, there will be something like a crypto bank (or Bitcoin bank). I would love to see something from the community for the community, decentralized but with proper working governmental mechanisms built in to let people vote etc. I am sure we will see something like this in the future, maybe with governments interfering of some sort or it comes from the community itself.

True! The main advantage of bitcoins is decentralization, having a bank is going to take away that advantage, and not to mention that government would start intervening in the matters of bitcoin which could drastically affect its valuation

for now banks still have an important role in controlling financial roles.
if any later will be present bitcoin bank, of course with in the appearance of policy and regulation very tight.
the current banking system, has persisted for decades, those who have been loyal to the bank system still have confidence in safe investments that are protected by the government.
this is in stark contrast to the blockchain system itself, with decentralization creating everyone's chances to control their respective financial wallets, so that existing government controls and regulations can not reach out.

According to me the whole concept of bitcoin was to eradicate the existence of bitcoin.Hence you are here again creating a post that there might be a bitcoin bank which is highly unlikely to happen. On the other hand i would like to point out that cryptocurrency exchanges are the next big thing. So it is highly likely that they will be controlling most of the bitcoin market.

My guess is that it wont be possible for Bitcoin or other currencies to become really mainstream if they wont let the governments interfere in some kind. How this will be implemented is another question, but that the governments wont let cryptocurrency take over the financial system, without them having their fingers in somehow, is for sure in my opinion. Its naive to believe the opposit.

No, who needs banks for Bitcoin. I think Bitcoin is a decentralized system and moreover helps to make anonymous transactions. And going to banks will definitely reveal your identity. Bitcoin can easily be learned online about its basic functioning and usage, further its functioning is complicated but easy to use. Also, we have miners which help in maintaining Bitcoin transactions so there is no place for Bitcoin Banks and also government won't fund for such building from where they will get nothing in return.

Probably soon bitcoin company will make banks, because people need help too often, sometimes cant transfer bitcoins or bitcoins goes in wrong place, and people must write at support email and waiting for an answer, no one knows how much, and if bitcoin will create banks in every country where have legalized bitcoins or will legalize, then people will be able to go there and they will can get an answer at any question.

I guess there would still be bitcoin banks to be established in the future although bitcoin's system enough to do not need banks people might still go for that idea specially those who are skeptics in their own wallets and security. I actually have seen some cryptocurrency banks popping in the web so I guess its starting.

Yes. I believe that someday there will be a bitcoin bank because we all know that bitcoin isn't that fsr from the reality tgat somehow it will be a option in oir currency. We all can see how bitcoin today is very progressive and very good in terms of different aspects especially financial so for me it is not impossible to get an bitcoin bank.

I think it is possible. Eventhough bitcoin is decentralized and not hold by a person or a specific country. It will somehow find its way to have a bitcoin bank. Bitcoin will be the one who will make its and way. And we all know that bitcoin is very good in terms of the value because today it is very high and people will be happy if bitcoin bank will establish.

It is very good that there will be bitcoin Bank. Because now days the bitcoin is growing very fast and day by day there are many people know and use bitcoin. And I think that it really needs Bank such as visual currency, It will be make easier for people to do the transaction in bitcoin bank. I believe that it will be happen soon.

If there will be a Bitcoin bank than btc will fail to finish its mission which is to escape from banks and be decentralized. But as I can see as the whales enter into it there would be such a thing.

as my opinion i am only new in bitcoin but i believe that there will be a bitcoin bank,it is really better if there will be a bit coin bank so that we can save our money in a bit coin bank for safety.

bitcoin is a formation that emerged against the bank. It has emerged against the negativities presented to us by the current economic system. you already have a banking system called blokchain.

As you can see in our society, bitcoin's price is very high and its popularity is also increasing. It is not impossible that there will be a bitcoin bank. Wherein you can exchange bitcoin to any type of currency.

There are a lot of exchangers online so I think you don't need to worry about getting your bitcoin changed in any type of currency. Wtih a lot of bitcoin users flourishing,Bitcoin bank may have a huge possibility but for me, I want to keep my bitcoins out of the bank, I want to keep my balances in other crypto currency private. It is not that I don't have a huge number of bitcoin but I just want to keep it for myself.

If the bank  will present in the territory of a country that does not prohibit the existence of bitcoin the possibility of a bitcoin bank will occur. and will be very helpful for the bitcoin legality and cause   more attract  to new bitcoin users.

I guess the problem with exchanges is that they are not trustworthy. People only use them because they have to use them, almost nobody trusts them really. And its likely that they are doing shady business and market manipulation to take profits themself. Thinking that this doesnt happen is just naive is my opinion. Why? Because they have the power to do so and nobody stops them. If there will be decentralized exchanges that work well and without control of people, this will be a think people can trust in the future, Im really looking forward to decentralized exchanges to take over!

Until we start seeing much more usage without having to make use of exchanges in either converting to fiat, then exchanges will keep working as banks. I registered on LUNO exchange the other time and they collected all the credentials including my legal identification before I could proceed.

They have some regulations they have to stick with to prevent money laundering and as far as I am concerned, that is more of a bitcoin bank or crypto bank to me.

a bank for cryptocurrency, ok but apart from a safe I do not see what else it can offer, because the very principle of bitcoin is to be decentralized

Possible but I am not sure o  what will be its function since there are wallets where users and investors may store their Bitcoin for a long period of time. Given that Banks are under the government while Bitcoin is nit because it is decentralized, makes it dofficult to believe that it will exist in the future. But let's just see it for ourselves.

The main essence is to have something secured where you can save your money and as long as you can do P2P transactions, I really do not know why we even need bitcoin banks or have anything to do with all these centralized exchanges. However, based on the OP's suggestion of being able to get a loan, it is better he sticks with the traditional banks but I still feel some services like this can come up later on.

If such a bank is created, it will not be soon. With such high volatility, there is no point in giving out loans, no one can repay them. In addition, who will guarantee the safety of bitcoin deposits?

My point of view is it is not going to be ever bitcoin bank. Anything can happen that we cannot assure also. My opinion is instead of having bitcoin bank I believe and confident about it also that all world bank will accept bitcoin this is possible and logical also. Any have cryptocurrency is the future banks also not have other option except accept it or else invent their own cryptocurrency to compete with bitcoin that is not possible also they cannot give benefit like bitcoin giving to its holders.

I hope the bitcoin bank will exists. to provide regulation, to oversee transaction activity, whether it is a government legitimate transaction or not. because it would be very useful for the government to see activity bitcoin as a means of transactions, does for illegal goods, such as drugs, terrorist financing and others.

The practical problem in creating a bitcoin bank is who is going to handle it and how it is going to organized sector which very complicated thing. So bitcoin bank is not going to happen atleast for next 5 years. One thing will be sure happen All banks will accept bitcoin with all country government approval will be there. Lot of thing is not practically solved with bitcoin due to the rate if we get into all these things it will affect bitcoin performance and investor will not gain like now in future. It is better for us to only upgrade technical things only not in the corrupted banking system.

hahah this question is hilarious why do you think bitcoin is favored and liked by many because shitty banks not involved...

Bitcoin bank seems like a good idea, maybe we can see it in near future, especially if bitcoin price continue it's growing pace.

I'm sure there will be a bitcoin bank in the near future, if there isn't one already. Just because the currency is decentralized, doesn't mean you can't have centralized fragments of it (banks). Obviously they won't have total control over your money like a bank, but I'm sure there will be banks offering wallets, overdrafts, loans etc, with ID verification required etc just like a fiat bank.

We can not limit the possibility when it comes to bitcoin. If we look back on the history of traditional money, as market progress, people find ways on its innovation, how to make it a centralized tool, and improve its security. Banks intended for bitcoin might be a reality someday, but it would take a lot of studies and research as we goes on to this digital world.

A bank not gonna help Bitcoin to grow it's price. It just turns things into the mess. Sometimes, Chaos are the better than Orders.

if the bank is made by us, it will likely take quite a long time. because we do not have keadhlian to create a bank used for bitcoin transactions. but this time for bitcoin banks that already exist in every country, but not many.

Bitcoin is becoming increasingly popular around the world. Bitcoin users are getting more and more expensive Bitcoin prices.
I think someday there will be a Bitcoin Bank.

There is already Automated machine operating Bitcoin, i guess there will be a big possibility for only currency to its own bank. The future of bitcoin is still bright and many people are interested about it. Time will come bitcoin will be a choice in handling money.

I don't really know why a bank of bitcoins is needed...it seems we are already doing so well...with the speed of transactions we need to do something...

I think there will not be a bitcoin bank, because Bitcoin wasn't under controlled of anything so that's why the price of Bitcoin isn't stable. If we made a bank to control it, so things are going the wrong way.

I think it will be possible but in nowdays technology it will be maybe unpossible too because banks or another finance companies can not control the price of Bitcoin.

It's a great ideal, because the profit could be more , from the volality of Bitcoin and from the saving of the Bitcoin bank.

Right now I don't find any reason for an existence of bitcoin bank. Maybe in future the situation might change, when people starts to use bitcoin in a large scale. Right now some has got started functioning with bitcoin related services and some banks have started using the technology of bitcoin.

Yes that true, I think if this is implemented Bitcoin will biolate its feature itself and thats decenyralization, its not that very sutable for it but it will end up being in that sitution controlled eith power and authority , people will not allow this.

There might be some exchanges or platforms calling itself a bank but to be honest, I am sceptical about how traditional banks or financial institution are going to adopt the Bitcoin if they are willing to do so because as we all know the core faith of Bitcoin is based on the decentralisation of value and control. Thus, I don't see any clear picture as of now that has any institution supporting Bitcoin as a banking currency.

That is some valid point. The fact is there really would not be any necessity to have a bitcoin bank in the first place. Our wallet first and foremost is our bank, and even if we want to exchange to fiat, I am sure that is not even a problem anymore in most places except few. The lending part is not something that may really work out looking at all the modalities involved.

I saw an ICO recently coming up with something like this although I did not get to take much look at the details or the whitepaper as the case may be, but may be in the long run, something like this can happen most especially having exchange to fiats, lending and some other banking stuffs integrated all in one. How they want to pull the lending aspect off is what I do not really know anyway but when it comes to exchanges in most localities, that is already existing.

The OP was unequivocal and ,succinct about his question and it was bitcoin bank that he was asking for not some altcoin that we don't know off. There's currently no bitcoin bank anywhere that i know of but maybe in the future when bitcoin education has spread abroad we may have them in our communities.

Yes, that is really true. This time there is no bitcoin bank to be seen everywhere in the world but sooner or later, I believe that bitcoin bank will exist depending on the needs of the people who are using bitcoin as a means of payment in their respective countries.

Probably if bitcoin keeps spreading with a such speed sooner or later majority of the traditional banks might start supporting it (financial operations with bitcoin), especially if there will be advantages comparing to normal money.

More interesting though would be to have a distributed bank governed by the community. Where members by majority of votes decide distribution and investment of funds.

In the future, if the BTC is accepted, Bitcoin holding banks will be inevitable. I hope to have a BTC transaction instead of a banned one. The BTC is currently banned in the country because the government worries that the Bitcoin will make the national financial industry suffer because of the growth of the cryptocurrency. But I still hope that BTC will be accepted as a valid form of payment even though it is far away.  ???

Why you need a bitcoin bank if you have already bitcoin wallet? You didnt need bank for bitcoin just save it in you bitcoin wallet and same it to bank and here in my country the all banks even the government was against in bitcoin so that it is not legal here in my country. So if you want to save it your bitcoin just save it your wallet and surely you can earn not like ij banks.

I think you are somehow right but still the answer from me is no. don’t you think bitcoin should be prevailed to the whole word and for this they have to maintain every aspect of it. The ease of transactions and the ease of access like ATMs. Bitcoin is now getting nourishment in small parts of world but when it will be spread to the whole globe then this little team might have some problems.

It possible in as much as bitcoin can exist in digital it can also be bank and the bitcoin bank is already in operations which are the blockchains the wallet holders their are the bitcoin bank. But if you are expecting physical bank like that of paper money you have fail. Bitcoin is a digital currency and not faints.

The current Bitcoin bank sounds ambiguous, but in the future I think there will be a BTC if the currency becomes the main form of payment in the world. But now the BTC is facing a major barrier that is banned in some countries around the world due to instability in the exchange rate of this currency, so the dissemination of BTC in the world would probably be difficult towel. But I always believe the future of money will be the BTC, predicted 20 years later Bitcoin will replace the current cash so the future will have Bitcoin bank dedicated to cryptocurrency.  :P

We can expect this but there is no assurance, who knows if all country ban bitcoin and it may lose its value. Of course, if people do not get chance to cash out bitcoins then who will use it. And if it ban means nobody will accept this as the payment mode. It all depends on country governament decision. So I don't know how many years we have to wait to see bitcoin bank.

There's no bitcoin bank but there is a virtual wallet where you can save your bitcoin.

If there's a possibility, what would be its use? There are e-wallets where users may store their Bitcoin. Banks are under governments which also means that transactions are monitored. Bitcoin bank is a bot in contradt with bitcoin"s characteristic of being decentralized. So I think this thing won't exist.

In the bitcoin philosophy you are your own bank

Contemplating a Bitcoin ban to me is a travesty to the whole idea of cryptocurrency. With Bitcoin, banks are not really needed because Bitcoin offers something entirely different from what is obtainable with cash. It operates via a decentralised system, bringing in the idea of Bitcoin bank will lead to regulations that would affect and defeat the very purpose of the cryptocurrency

it is difficult to have such a thing
this is a situation that is incompatible with the base of anything already free of bitcoin

so why a bank of bitcoin  is not everyone's online offline  wall ready at the moment
it's hard to explain why you need it.

The idea of Cryptocurrency/blockchain is decentralization; also meaning you are not reporting to any power or authority that has rule over your Cryptocurrency. The use of Cryptocurrency banks I can say has been indirectly existing; your Bitcoin wallet is your bank somewhat way and they are also doing some functions of the fiat banks too. As much as the wallets don't report to any higher authority and discretion and secured identity of Users are being kept well.

I really don't see the need for a bitcoin bank in the first place, we have a bitcoins ATM and to me that's enough. Bitcoin is not a physical commodity and therefore there is no need for a bank

Unless the price stabalises the business model would never hold.

Banks rely on non-volatile stable markets in order to function. They make money by lending out more money than they have in deposits, allowing their net interest to be positive.

With such a volatile market as bitcoin people could easily demand all their money all at once in the event of a price drop and the bank, like all banks, wouldn't have the money to pay it back.

The resulting mess would be similar to what happened with mtgox

Bitcoin in itself is decentralized and what makes it decentralized is that its price cannot be controlled and it is pseudo-anonymous. However, operations revolving around bitcoin conversion to fiats are centralized and which is why we have mostly centralized exchanges right now and as long as you want to make do with fiat in exchange for bitcoin or vice versa, then the exchanges will be acting more like banks.

I agree, it seems to me that the usual banking system isn't compatible with the technology of blockchain and bitcoin

 No, because people use, invest, trade and join bitcoin, the reason is no one can control bitcoin and their money. So, if there is a bitcoin banks, government can regulate and will control all the transactions in bitcoin. In other words bitcoin banks is impossible to rise.

There are some projects related to bitcoin as bank, but no, there will never be a bank of bitcoins just like you know banks at the moment. Take a look at Bankex, Bancor, and a few more.

It doesn't matter if there will be a bitcoin bank or not since all of the transactions are online. It will be a hustle for bitcoin holders if there will be a bitcoin bank. I don't want this to happen. I am not willing to fall in line for hours just to have my self verified or get an account. I hate how banks works because they are so slow. Bitcoin was different, online transactions are convenient but the fee was too high and if there will be a bitcoin bank, fees will be much higher because of taxes and other fees that they cant explain.

The government regulation will definitely come one day. Together with regulation bitcoin or other coin banks will appear.

it's possible. but I wouldn't do that. the whole point of crypto is decentralization

Its not a whole point. One of the main yes, but not whole. Dont forger about cheap and fast transfers (not about btc, but about crypto in general). Also, for lots of people, btc now is an investment material and actually they are not against of centralized solution for holding it, if it will insure your assets.

I don't think this is possible because it will break one of crypto's feature which is pseudonymity. Many people turn to digital currencies because we can make transactions without revealing too much info. If we are about to loan then there must be something to leave behind to guarantee payment right? And that is like risking something valuable to you. This is my opinion only.

I'm also thinking its possible, but still thinking it may not be really necessary because with the way we are using bitcoin presently I don't think bitcoin really need a bank i would have only suggested it have an ATM machine and card respectively since bitcoin wallets is safe enough.

     WB21 will be the first digital bank to accept deposits in bitcoins from customers wishing to transfer funds to their current accounts.
     "The bank that takes bitcoin looks rather unusual, but it makes sense to us, and it also gives huge benefits to our customers," said Michael Gastaire, Founder and CEO of WB21.
     The bank has more than half a million customers around the world, which allows it to create real-time deposits using bitcoin, as well as another 18 national currencies currently offered. Among them is the Russian ruble.

Bitcoin is against centralised economy and that is the success of it. Bitcoin can have facilities like bank but it cannot transform itself as a bank. However, banks can adopt the best practices of bitcoin since bitcoin is the future currency and would make paper currency void soon.

I can't imagine that there will be even in the future. Banks are controlled by the governments and Bitcoin happened to be decentralized so it is not applicable. Also, I believe that there's no need of Bitcoin banks since there are wallets where users may store all of their Bitcoin with ease and anonymity which is probably better than banks.

Theoretically, any service online where we store cryptocurrency can be called a bank. Whenever we need to trust the third party, we are losing the basic principle of cryptocurrencies - decentralization. Or something is cryptocurrency and is decentralized, or can not be called cryptocurrency.
I can't imagine that any bank can be decentalised, so for me Bitcoin Bank is impossible.

I think not because the world bank does not all recognize the existence of bitcoin one of them in Indonesia

That would be nice as users do not need to worry about storing bitcoin and can earn interest from bank.

It really open my mind in awesomeness. Why there is no centralized bank that bitcoin creates.?
Maybe because bitcoin is decentralized cryptocurrency. If there will be a future bank of bitcoin it will not become centralized it will become decentralized. That will be the time for bitcoin communities to have a tax. It will affect all communities in every single transactions. Bitcoin will be considered not having its own freedom in that moment. So I think it will not happen that there will be a future bitcoin bank because bitcoin is not centralized ruled by government but it is centralized ruled by its own power.

For me that would be the downfall of bitcoin if there will be a bitcoin bank. Because the government can control it already. So the outcome will be the chance for all altcoin to replace bitcoin in its place from being the top decentralized cryptocurrency.

it seems the bank will not use bitcoin but will use bitcoin technology because it is safer and more open the possibility of banks will work with altcoin that has a very large supply availability.

In many countries Bitcoin has not been accepted as a currency because they only consider Bitcoin as a commodity and some places they consider Bitcoin as gambling and do not accept it, so having a Bitcoin Bank is very difficult to implement, I also look forward in the future there will be a Bitcoin bank

Yes especially I think in US because there are time that I have my conversation with my aunt and she ask me what is my work now and I said I have some sideline job and it is bitcoin and she said that bitcoin is scam they only tricking people for their own benefits and so on and so forth. So, some of the American thinking that bitcoin is like that without even knowing that it's so beneficial. Like US they don't accept bitcoin as payments so they are much more prefered on banks.

When the US will have the chance to open a bitcoin bank for sure other countries will be able to open for this kind of opportunity as well, so for me it will be a great start for bitcoin to be able to become the great crypto of all time and eventually a lot of investors and countries will finally adapt it.

Though bitcoin was introduced to reduce or eliminate banking operations from life of common man`s life, it is not made to eliminate banks. Banks and bitcoin are two separate entities. Banks have many functions to do. Bitcoin is a currency and a good investment asset. All above that all banks are centralised in nature controlled and sometimes manipulated by its regulating authority. Bitcoin is purely decentralised, autonomous currency owned by no one. If bitcoin starts as a bank it will lose its centralised nature. This may affect its popularity and have bad impact on its investments.

Theres an endless possibility about bitcoin have a bank. As of some country have their own bitcoin atm's sot bank is almost in our reach. But bitcoin is created to use online and as a trading thing. Banks is just around the corner to reach our goals to encash our bitcoin. If bitcoin has its own bank, the possibilty of all transaction will be keep in track, must be in order. All the bitcoin you have will be listed in all the banks and the government might have the interest of putting a big tax on it. Also, bitcoin is volatile, banks will be having additional work in adjusting your account every now an then

There are already existing banks for Bitcoin, it is our wallet. It serves as our bank because you can store or deposit your bitcoin in it, you can withdraww it anytime and you can invest it for gains or profits. The thing is, if physical bank for bitcoin, it is impossible because Bitcoin is for digital world, so maybe, Digital Banks for Bitcoin may exist very soon.

bitcoin create to make direct deals between every money over world so it is complete and more than just bank.
banks will disappear in future

Very much highly unlikely. First of all we all know that the good thing about bitcoin is that it is highly decentralized. They are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

The existing monetary system is called the credit and financial system.
Its functioning is not possible without banks. A decentralized system of crypto-economics destroys intermediaries, creating chains of P2P services.

With bitcoin you do not need a bitcoin bank because there is no need for that. Bitcoin's advantage over the fiat currency is that it has improve on it. Getting a bitcoin bank is like back sliding. Why will you need a bank when you can manage your resources better.

I don't think that there will ever be a Bitcoin Bank because Banks are centralized but Bitcoins are not. And i would say that bitcoin is against the concept of banks.

Something centralized? It doesn't fit bitcoin if that bank is going to be ever be a centralized one. There can be a bank which what they do is focused on bitcoin and other popular altcoins as well, no fiat system involved and just a whole crypto bank. I don't know if there is already one existing but this is possible in the future if companies who are dedicated and amazed with bitcoin will start it.

Why want a bank of a product completely decentralize? more secure wallets are there for that!

Well I guess it would be great if there would be a bitcoin bank were you can directly and securely store your bitcoin in a bank. It would be convenient for those people who usually buy or convert money.

Exactly. But there are rising platforms right now promoting bitcoin banks and the like so i think it is not far to reach the idea.

.                   Being a digital currencies , there Will be no Bitcoin bank ever. Investors are using it  easier, no hardship in dealing with their money. There already the Bitcoin wallet they provided in each user , so I think that is already enough for Bitcoin bankers.Easy for them to transfer to anybody, either buy buying or investing and saving their money in the form of bitcoins.

I think that sooner or later there will be bitcoin and altcoin banks appear to help settle the deal quickly and resolve the dispute as it happens, I hope it will soon appear. If had a crypto bank, I would be more than happy to keep my coin, which is very necessary because I will not have to worry about my property anymore.

Most people need credits to buy things they like or insurances and so on. So there should be a bitcoin bank that offers all the things fiat banks offer. Otherwise how can we become independent if we still need to use the system banks?

Well because if governments threaten us even further than safer than our own homes would be a network of wallets that obfuscate together and combined make up a bank. I don't know how this is different from now, but if it is we should seek to adopt it faster.

I do not know this, maybe you can ask in a country that has legalized bitcoin like in japan and india, but many people also say wallet is our own bank, and in my opinion the profit obtained by banks mostly for lending customers money to other people.

For me it defeats the purpose of bitcoin , i like it because there are no banks and i have full control over it.
When you take the right precautions it is also very hard to lose it that way.

The most against i know in bitcoin are bank, so i don't think that its possible to have a bitcoin bank?  Well if that happen then this is good news to us. I hope that soon bank will not against in bitcoin.

Base in my country philippines i don't seen any bank's of bitcoin being establish.  But their's a bank accepting bitcoin transaction not totally all but their are some banks accepted it.

There are possibilities that idea of a bitcoin will come in mind of bank but i think it will take more time to come true. Banks will try to cover up  the business of bitcoin and they may start bitcoin ATM or other facilities like bitcoin deposits and alI. But we can't predict the lifeline for this huge project. I have feelings against banks, but i don't want it to happen  because it may create some trouble for bitcoin users.

I think if for example there is a bitcoin bank it will be more virtual form that can be accessed via the internet, as well as transactions made through the internet. For its physical form I think it is not too influential. So that formed later may be some kind of virtual bank

it could possible that there will be a bitcoin bank in the future but I guess that it is better that we still have control for our bitcoin and I don't want for other people to manage our bitcoin. but if the bank could give some benefits for us like a service for lending our bitcoin, then I think people will be interested too because, from this way, we can try to make our bitcoin grow in the future.

If btc will have a bank i think it is better that all present banks in our country will open a btc account for btc users.

Banks here in the Philippines were already threaned by the ever growing adaptation of Bitcoin supporters. Now that most of the people being aware of its existence, they rule out BTC to be associated with any financial institutions. There is a possibility that a Bitcoin bank will be established, given that there is a business tycoon that willing to take the risk. After all, Bitcoin's volatility is the big issue here. There is a point in time where it gradually increases or decreases that makes it difficult to mesh up with one's country economic status. However, it will take time to do just that. Aside from what I have stated, there are too many things that need to be considered and you can add up that it is not yet being regularized / legalized in too many countries.

I think it is an opportunity to have bitcoin as decentralized and bitcoin will never stop growing because price of bitcoin is increasing more and will not stop increasing ever. In this case we can say that it is not hard to have bitcoin bank trust of people I high on bitcoin than on bank and it is not bad at all, bitcoin is giving more profit than banks and bitcoin has wallets so I think it will not lose value if bitcoin banks will not be invented.

I think about this matter that actually it is not impossible task.But I think it isn't very much needed. Because, Bitcoin has a good security system for transaction.

The fact is that it is very difficult to have a Bitcoin bank. Now that the media is spreading bad rumors about Bitcoin as indonesian has banned the use of Bitcoin. Hackers have started attacking the Bitcoin market and more.

I don't think there is any need for Bitcoin bank what so ever because with blockchian technology all we need is embedded in the blockchian and there is no need for third party or middle men such as bank for any crypro currency transactions. 

What you mean bitcoin bank,Bankera has his ico to develop blockchain bank,it will serve not only bitcoin but also other digital currencies and fiat money.His parent company Spectrocoin already has e-money capability license,you can get multi-blockchain debit cards,iban number,exchange crypto to fiat fiat to crypto and even buy gold.Bankera will have very innovative financial products but it will take time to develop that kind of product,anyway even in one year Bankera may obtain financial license

If there would be a centralized bank of btc that it would be a contradictory to its whitepaper and its mission at the same time as it aims to make money a decentralized asset so it is better to not be

Well, bitcoin is already a bank itself, so it doesn't make sense to create a bitcoin bank.
But, of course, there could be company who lend bitcoin, who make mortgages, leasing and so on.
But this is more about financial services than bank.

On Blockchain.info, they said Bitcoin as your own Bank. You can control your own wallet without intervention central bank.
However, in its development several companies have also published Bitcoin Debit Card products, such as Wirex, Spectrocoin. Which service as both wallet saving and can be using for online shopping. Of course, this wallet controlled by finance group, which function similar as Bank.

if we have the bitcoin bank that means we can despoit our coin to the bank and received the interest

in a specific time , it sounds not a bad thing.

Its possible to have bitcoin bank but for me this will be happen if the government makes bitcoin as a real currency. But as of now its impossible because I think a lot of people will disagree about this if that bank is centralized. For me I don't want bitcoin to be centralized because the government will going to have power to control it. It is still okay to just have a online wallet or offline wallet.

It is possible. But for now, I don't think so. As we all know, it is decentralized. Having a bank also mean that it will be centralized and its features as a decentralized currency might be lost. Also, once bitcoin has its own bank, I think it will not be different from any other currency.

Lending in bitcoin is very risky for many reasons, to begin with, once you give your bitcoin away you've no way to get it back, so if bitcoin banks will become a reality it seems to me they're going to follow the same philosophy of loans in the forum, if you have no collateral then you get no loan, in this way the banks can be sure you're not just going to run away with their bitcoin.

due To its high value now I dont think that it is really quite secure for a bitcoin bank to hold that large akount of coins because if there is but one successful hacker and he is able to take a lot of coins then that person is an instant multimillionaire

why do we need to have a bitcoin bank if we can store every bitcoin in our wallet, cryptocurrencies is one way of technology where people be more productive than having your money in the bank.

The decentralised aspect is more important in bitcoin because people like to be liberated from governments control and if by the ways bitcoin becomes centralised, bitcoin banks are possible then but this would change everything in the crypto economy. No body will be more interested in bitcoin because anonymity remains no more with bitcoin when it is controlled by governments

i have seen first time about bitcoin bank thread. I don't think that bitcoin bank will be interested by people because people already using bank system for their own currencies which are not like to anyone because of high taxes. So i think everyone has his own online bitcoin account which is secure and easy to use and that is best forever.

I think it is possible, but I dont think it will happen the sooner, maybe if the value of bitcoin becomes stable. Also bitcoins is widely accepted.

I agree I think it is not the purpose of bitcoin. To have a bank that holds bitcoin wouldn't really be necessary because there different kinds of wallet in the market where in you're the one in control of your money. I think that is what people like about bitcoin, if ever there's going to be a bitcoin bank I hope it is for the better.

For now, I think there are lots of ATM of bitcoin which is spread over the world, so may be bank will be in no time soon enough but when it comes to bank, you have to deal with every regulations that government want, which is not good for bitcoin investors and in the worst case price will drop significantly which big holder do not want this to happens

I don't think so. I can't imagine that there will a bitcoin bank. But believe bitcoin maybe someday in the future.

However for now in our country I don't know is there a bank that accept bitcoin. But I know someday there is a man in our country that will be make way to build bitcoin bank, hope so!

I see that there are ideas for implementing a decentralized bank of crypto currency, but so far no one has succeeded in implementing them. The state will certainly never create a bank for bitcoins or other coins.

I don't see the need for one, We have our wallets for that purpose. If
banks were to implement bitcoins, wouldn't that disrupt bitcoin's whole
decentralized component? Maybe there is way for banks and bitcoins
to coincide but that may take some time and a lot of test, a prototype
system might be launch soon since bitcoin is making a huge impact
on everything and everyone. Bitcoin will never go unnoticed after it's
record high pump last year.

Possibly it will because people keep coming ang enjoying the opportunity bitcoin community is giving. Soon when it reaches bigger community or circle of people, it will be needing a bank.

I think the presence of a bitcoin bank is a very good thing, the bitcoin bank function is like a wallet and can guarantee the security of the bitcoin we keep, and I hope it will be realized soon.

Indeed, having a bitcoin bank will be a good idea and it is possible now because as of now bitcoin adoption is becoming bigger. It is not impossible to happen especially today however, I guess it will take a time for it to be get accepted around the world. But for me I think it is not bad for us to have no bitcoin bank because we could consider our online wallet as a bank because even if you store you earning upon there you will still get a profit because bitcoin is volatile.

For me, yes It can be possible but I think It would be very difficult .. A normal bank as in retail earns profit from giving loans and collecting interest payments. And I think with ethereums smart contracts they can do this with the crypto currencies. So It would also be easier to operate, the only problem is default on loans. Not sure how they would incorporate having collaterals in a bitcoin bank.

Yeah this is a good idea, in that case we know that every time we save our money in bitcoin bank we know that this is safe and no one can hack that because we are the only person can widthdaw our money in bitcoin bank.

We have got the possibility to see banks operating with bitcoin in large numbers in future when more and more people get into the cryptocurrency world. Already in few countries there are banks functioning completely on bitcoin, one such is the Nova Scotia bank in Austria.

I think yes there will someday be a bitcoin bank. But of course bitcoin are still stored in address through the web or internet but what I am talking about is that the bitcoin bank may be a physical store that can talk to clients and address their concerns about their address or other cryptocurrency activities. Maybe also they may accept the writings whether who can get the bitcoins whenever the owner might be gone. They can also maybe give guidance who wants to start mining rig.

Bitcoin having a bank is like making it more centralized. It was created to escape banks and make you your own bank, just by having an access with your own private key. But you can put your private key to a bank.

if there would be a bitcoin bank wouldn`t it be a contradiction to the bitcoin`s main mission and vision.?

As i know there is already a bank for bitcoin i just can't remember where country it is but i watched a video on facebook and lots of people are buying and depositing their money which is a good news for all of us because bitcoin's price will increase but is it not alarming ? that we are all greed for it ?

I think there will be no bitcoin bank in the future because the hardware wallets like ledger nano is already a bank because it is safe and you can control all your funds without worrying for any problem and that is the point of having a bitcoin wallet because you will be dealing for having a bitcoin bank without having any problem. Just buy hardware wallets.

The whole point of bitcoin is to create a decentralized currency, making a bank to distribute and control it would just defeat the purpose of it so no.

Probably but for me it won't have any more usage than selling, buying and helping clients, for me it could happen in future when it will be more popular to purchase things on a global scale.

I think it so hard to build a bank of bitcoin because bitcoin is not legal here in our country. And also i think it hard to change fiat to bitcoin because fiat is a a traditional money or national that people use in every country. i think its also good to have one but we need bitcoin to exchange into a fiat if we have a bank of bitcoin.

I don't think so, bitcoin's supply is very limited and it works on a decentralized network so even if some billionaire will make a bank for bitcoin i think that will not work as holders can make their bitcoin keep on personal digital wallets.

In my opinion, banks simply help us to make transactions such as sending money, withdrawing money, being intermediaries assuring the payment, making the payment become safer. And Bitcoin is very much in need of intermediaries because Bitcoin transactions are completely anonymous. If you mistakenly place the address, the Bitcoin number will be lost, cannot be retrieved. So if Bitcoin wants to be more popular then it is important that the bank mediates in all Bitcoin trading.

If there will be a bitcoin bank then the true meaning of bitcoin is useless,bitcoin is a decentralized which means to distribute money without the authority of the government while bank is the opposite meaning of bitcoin and bitcoin will have a bank?i don't think so mate. people are been hooked by bitcoin because of it's big value and easy process of transferring money to other people nation wide.

Everything has a limited like our fiat currency and if there's no limitation there will improper circulation of our money that we all used for every transaction and in my own opinion. Why the OP thinks about this a kind of thing it is because he might think if there is bank for bitcoin we can store our bitcoin without fluctuating it's value. So meaning to say it's made our bitcoin stable without worried about the sudden hard fork in it.

I know I'm a noob, but isn't Bitcoin already like a bank without a bank? You hold it, and  have access to it with your private key. Banks charge fees and need to make profit on top of paying their employees. I completely dislike the idea of a Bitcoin bank.

I think Bitcoin will be regulatedbin few countries, regulated. Regulation like strict exchange with KYC mandatory and tax implementation. This would probably the worst thing that could happen to Bitcoin along with other Altcoins also. The unrecognized exchange could be kind of banned and access restriction could be implemented. Let it be out of Banks and Government.

It's possible because bitcoin now is like a gold that anyone wants it. So its very feasible for someone who wants to banked it and sell to other people but most likely you will need to have big funds. But if they want to create a bank for bitcoin they should limit the online wallets because it is more easy to have than bank accounts more likely its very rare to find one if it is created.

I think there will be no such thing. E-wallets are usually the storage of Bitcoin users and investors. So I think there will be no need of Bitcoin bank for wallets are already there. But it if this thing will exist, it will depend on the users wether they will use it than the traditional e-wallets. But I myself, won't use it because I'm satisfied with e-wallets.

perhaps I do not understand something, but since there was already a practice of communicating with the banking system in real life, I would be against creating Bitcoin Bank. Thus, the bank will remove the independence of Bitcoin users. And I think that this is unacceptable.

In my opinion, no but maybe it will. bitcoin didn't need any bank. if there's bank of bitcoins, it must really be very complicated. bitcoin is simple, if bitcoin using a bank, there must be a lot of policies and rules that are really bad.

The bank can not successfully work with such high volatility of bitcoin and other cryptocurrencies. It is impossible to work with loans and deposits at such fluctuations in value.

Well, I think it is possible to have fully functional bitcoin bank in the future since the are great projects such as Crypterium and Worldcore started popping. In believe in time everything is possible and achievable in the cryptocurrency ecosystem.

No need for a Bitcoin bank because you can transact your payment anywhere and that is one advantage of Bitcoin.

if I think it's bitcoin need a bank as a bitcoin transaction. not just online but in the world it's needed, because it proves that bitcoin is growing in the real world, not just the world of fantasy.

I hope it will never happen. Because in my opinion, it will cause many problems. Local bank activity will be disrupted if there will be bitcoin bank. Let's keep it this way, no bitcoin bank.

We all know bitcoin as a decentralized currency. Once it have its own bank, it will become centralized. Manu features we know bitcoin have may be lost. Also, it is a digital money. A cryptocurrency. We have our wallet so I don't think that having a bank is necessary.

I think if humans are good at one thing it is innovating, it seems counter-intuitive but who knows. There might be a situation where like an old-fashioned bank risk in lending money is shared amongst depositors. and reward is shared amongst depositors.

I think it is still possible for bitcoin to have it's own bank. Bitcoin users were having a hard time on how to keep thei earnings in a safe and trusted bank where in they can encash it anytime without limits. Banks always look for a lot of requirements before you store your earnings and it'll be hard for us to find an explanation on where did we get our money.

I absolutely believe that Bitcoin banks will be, in fact technically every ATM works as a bank. Banks do not consist only of buildings. The costs of building and working banks are very high.

I dont think so, firstly Bitcoin is already decentralized and people can easily and securely store it into their highly secured wallets. Secondly crypto currency users and fans don't like the banking concepts usually and they deal with crypto currencies mainly because it is still decentralized.

Banks will be banks, and I don't think that the volatility of bitcoin and other crypto currencies or digital currencies will affect this banks, if it was implemented since their only job is to be a place where people save their bitcoin and other crypto currencies, they are not exchanges that will be converting your bitcoin into digital currencies, and I think if they are converting, I think they can accept that fact since it will really happen when you are an exchange of a digital currency.

Actually speaking of Bitcoin, I think there will be a Bitcoin banks when Bitcoin really grows and makes the currency traded and distributed in all the countries in the world, but that's a long way to go

No, bitcoin wouldn't be made stable mate because right now these days the economy of bitcoin was still not stable. And yet most of the people viewed bitcoin as a trading asset, not a currency same as what we used for daily spending which was the fiat cash money. Even though we got a bitcoin bank it has no exceptions to the hardfork that will going to happen, well it will still be affected.

With the current trend of bitcoin who knows someday there will be Bitcoin Bank of the World.

Yes, you have a point. But I beg to disagree on bitcoin as trading asset and not currency. Yes, bitcoin may viewed as an asset but it can still be considered as currency. Bitcoin is a digital "currency" from the word itself, you can't really say that it's not a currency. Yes, we're not using bitcoin to buy our daily necessities, however, we used it as our way to earn money. Since it is digital currency,  we have to convert it into fiat currency to be able to buy our needs. We can still use bitcoin in stores who accept bitcoin as mode of payment. To sum up with, bitcoin may considered as a trading asset and at the same time, a currency.

Yes it is possible since bitcoin is a great investment. A lot of bitcoin users are waiting for it because most of them don't know where to keep and store their money safely. Most of banks these days has fraud issues that affects the earnings  of most people who trust banks. Most of the banks these days don't worth our trust so I wish bitcoin would build their own bank.

I don't think that we need banks for us to stored our coins/tokens considering that we can stored it in our wallet through online, unless we converted it into fiat money. Actually banks are aware about this form of currency and I also believe that they have plan for this in order to catch-up the fast growing investment  which could possible that it can affect their system.

Bitcoin Bank is sheer useless thing. Bank is a place where you can store up your money and get some interest on it. But I think there is no such thing existing in Bitcoin. No one can magically increase the amount of bits you have just because you kept it with them. So a simple answer is there will never be such a bank but only a few such wallets.

there will never be a bitcoin bank, MR. Satoshi Nakamoto created BITCOIN a cryptocurrency to make people have the power in currencies and money and not depending with the banks and government issued FIAT. Well maybe someday a bank will appear on this currencies but i doubt that crypto community will go for it!

I dont think that a bank for bit coin is needed.as bitcoin is leading towards decentralization and as i know it is peer to peer so its not applicable. Any way thats only my opinion.

Having a bitcoin bank would be great but it is really far from reality since most of the banks here in our era is against botcoin thing, their allergic about this stuff knowing bitcoin is very good source of income already.  They think accepting the bitcoin on their bank would be a way to close the business, but in fact bitcoin is one of the most high value of money these days. So having a bitcoin bank would be a long procedure since it will require clear explanation why it has a bank for bitcoin. Far from reality but possible in future. Imposaible because it needs to be validate by the company first. 

I think yes, there will be a Bitcoin bank in the future, this has to be considered in the future whether Bitcoin is really capable of development or not, because Bitcoin is currently banned in many places.

I think it is very hard to have a Bitcoin bank, because Bitcoin is a lot of risk and many of the owners in Bitcoin countries are still banned. Those countries regard Bitcoin as a prohibited item, but it is possible that countries that have allowed Bitcoin to operate will create a Bitcoin bank.

I think there is space for banking in cryptos. As you know, a bank can lend more money than it actually has in deposit. You cannot do that with bitcoin alone, so it makes sense to bank it.

Bitcoin is a digital asset and is not meant to be controlled by the government, so don’t even expect banks to offering services for Bitcoin. Well, we do have banks for bitcojn, and they are similar to wallets… anyway, they’re wallets, but more than that, since they also offer some services that are offered by real banks. Some of these are like Xapo, Coinbase, Bitpay and the rests of them.

Its a unique idea but it need competitive team with perfect planning to convert it in realty,Actually Banks are the mediums which assists financially to individuals and organisations by rendering devices and offering different kind of products,if we talk about Bitcoin Bank there must be different kind of portfolios from which customers take benefit and also bank must raise its funds and generate the revenue.

If the people behind bitcoin would really like to open one then i guess it is possible. However, opening a bank would somehow forfeit the ultimate purpose of bitcoin's app. For one, bitcoin is a decentralosed system which is the exact opposite of banks which is centralised.

I don't think there would be a bank for bitcoin since the concept of cryptocurrency is opposite to banking regulations. May be bitcoin ATM can be set up to withdraw digital money as paper currency and that too is something not attached with the concept of bitcoin's real nature.

why want a centralized bank for a product to decentralize? the world is not ready to move to the next stage ..

Bitcoin and banks do contradict themselves naturally, so no, I dont think that there ever will be a Bitcoin bank. But I believe that banks will find ways to remain their power and stay in the financial business as they are now. They will just adapt to the new situation and alter the way they are doing business. I hope that they will be forced to work for the people for once instead of only working for their own profit.

I am not agree with you mate I mean no doubt that bitcoin is a great investment and it will get more high in future but this is not good according to me because if it will happen then bitcoin will bound to fixed and particular number of investors but if e will invest in some of online web site of bitcoin then it will not be a bank like system at all. Bitcoin price use to increase and decrease but if we will put bitcoin in something like banks then price will not rise and people will not show interest for bitcoin then so for me it is not good idea.

Well i think that is possible to happen in the future maybe 30 years from now i think bitcoin bank is we will build in this world and i think in the future bitcoin banks will do what the banks is really doing in this world, and i  am very cinfident that bitcoin banks is we will be really great.

it may be that in the future bitcoin will have its own bank, because the longer the bank is also needed by bitcoin, as a money exchange transaction in every country. so no doubt that bitcoin has a bank that will exist in the future.

The idea for the bitcoin bank is great but I think that this bitcoin bank is not a good idea at this point in time. Because investors know bitcoin and love it because it's anonymous and secure, investors do not want anyone to monitor their assets so they have chosen bitcoin instead of banks. So if you apply bitcoin to management, then surely this time investors are not acceptable.

in my opinion it can be achieved, as with other banks, it is natural that other banks fight bitcoin because of this competition financial problems. it's about the reality of demand or the needs of the market and society, the more the need then I am sure will quickly materialize the existence of a special bank bitcoin.

Well nothing is impossible, so i think to have a bitcoin banks is can happen in the future and having a bitcoin bank is really a nice idea and it is really nice for all of the users or holders of bitcoin, and that would be also really great for my parents so they  can deposit there money in the bitcoin banks.

Why do we need bank if we can keep our bitcoins with bitcoin wallets 😂. Why would you entrust your coins to someone if you have the ability to keep it for yourself -_- .

 
That's the point.  I totally agree with this statement 👆

That is unacceptable for us but there are many people that will agree on that, just look at all the people that use online wallets to store their bitcoin and then they complain when they are hacked, or just look at exchanges that in my opinion are already behaving like banks since you need to identify yourself in order to create an account and many people say there are problems to withdraw your bitcoin from the platform.

If ever that happens, I will support it. Just think that they will do more layers of security for us and if ever we got hack, they will surely imburse our cryptocurrencies back.

Well, In my knowledge there is not Bitcoin Bank in the whole world and still possibility is also less of BTC bank because BTC bank need some permission from government side and still BTC is not legalize in any country as BTC start legalized then possibility of BTC bank creation will also be increased and that will be amazing steps in BTC carrier.

It's nice having a bitcoin bank after all there are many people who are into bitcoin that's why it became more popular and maybe when this will happen i will support it because maybe it is more convenient if it has it's own bank.

I heard some news about it , an article rather , it says that it can be possible now a days people are noticing the power of bitcoin the value of it. And some are investing right through the bitcoin industry , and I heard some that bitcoin has a fiat and bitcoin has a atm machine right now it becoming vast and evolving. And on the other hand it maybe helpful for us I guess , mostly the bitcoin users.

What purpose will a Bitcoin bank serve? Why would anyone use a Bitcoin bank?
Other banks are used by people to store money. They store money safely and allow easy transactions like wire transfer, cheques etc. They also provide loans for various purposes.
Bitcoin already stores money in wallets and you can do transactions between wallets just like a bank.

In other words a bitcoin wallet is already a bank.

I think it's a bit of a reinventing the wheel where in fact there is already web wallets or hard wallets where you can store your bitcoin or digital currencies with no intervention of banks.

I truly think that a Bitcoin Bank isn't the deeply intent of BTC, they are for the decentralization of the power! but of course, in future, a BTC bank would be necessary for everyone who wants some BTC.
I hope in a free market like a perfect market where everybody is free for his action and the price is influenced only by supply and demand.
Of course, the State has to be 100% outside of the market for being perfect but that's quite impossible now.

The way I see it, the exchanges are more or less acts like a bank, only more brutal. The transaction rate is very very high. There might be a bank where you can save your bitcoins (which is not really necessary) but I don't think there's gonna be any bank who will you lend you Bitcoins (no matter what the interest is).

With Bitcoin with have a decentralized option to deal with money in our lifes, what didn't exist anymore by some years ago in our modern days. And seems after achieving it, people want to go back and adopt a centralized service again! Why to do this if we don't need "middlemen" here to make investments, move and apply money? We are on the control of our own money.

But if there are customers there will be businesses offering a centralized service to them and it's already happening. I believe the "Bitcoin Bank" are those third party services offering investment options, sometimes with AltCoins, offering higher returns than you could make by yourself.

The main purpose of bitcoin is decentralization and it means NO banks. I believe people will understand someday that bitcoin it's the best and safe way make deals, buy and sell stuff, trade and many other things that people do with money.

the fact of the matter is that Bitcoin Bank does not need anything and therefore do not need to create it. If the block chain is the property of people, without any control, then I think that Bitcoin will be the most secure business phenomenon.

I don't think that situation is possible because the Bitcoin itself is decentralized currency and for the Bitcoin bank to be created Bitcoin would have to be centralized. Bitcoin anonymity is the key to the success. Although the transactions are stored on the blockchain the final user remains unrevealed. There is the slight possibility that some kind of bank that is connected with the Bitcoin can arise but I doubt it.

Honestly I can’t imagine how a bitcoin bank operates. Bitcoin is dealing with different transactions with anonymous addresses  which makes them hard to be traced and having a bank or sort of credit union doesn’t work with the nature that bitcoin has. I think bitcoin connecting to banks in terms of withdrawal or additional investment is a more possible one.

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According to its original design by Satoshi Nakamoto, there can only ever be 21 million bitcoins in existence, expected to be achieved some time by 2040.

Do we need bank like this? we are all banks by ourselfs, u may take credit in usial bank and buy btc, and for hold btc is better somwhere in safe place at home by usins special storage

I don't have such information about bitcoin bank still that there is any bitcoin bank in the world. But yes it is possible in future that bitcoin bank will exist as when world start accepting bitcoin as a legal currency then surely bitcoin bank system will also be start.

Than "insanely useful" in your opinion can be a bank for bitcoin? Do you think your bitcoins will be there in safety? Maybe I'm wrong, and the future such banks really will be, but so far I'm not making any sense.

The idea of having a Bitcoin bank is something that is not impossible but I think it is very unlikely yo happen. One of the reasons is Bitcoin is decentralized and that is one of the best features of Bitcoin, one that makes it unique, trustworthy and successful. Having a Bitcoin back will defeats that, that is why I believe that idea is possible but unlikely to happen.

A bitcoin bank doesn't make any sense: what do you deposit in it?
But, actually, online exchange that own your key are in fact banks.
And probably there will be an offer of financial services as loans, leasing and so on from bank-like entity.

A bank is a "safe"  place where you put your money so you you don't need to worry about it.
But, actually, the blockchain is the bank, so there is no need to have an entity that will act as an intermediary.

I don't think a single bitcoin bank would exist... There are so called "bitcoin banks" out there but they only give services that are the same with those of a cryptocurrency exchange platform. And bitcoin is made to be decentralized.

I think btc bank is possible but for sure there will be some difficulties. As for now, having 'bitcoin bank' is somehow enough, but in my opinion, some btc bank are not secured. Unlike mew, where only you can access your account. I think the purpose of us having bank accounts or wallet is to secure our money.

i dont think that banks for crypto is necessary since our wallet and storages are the banks for our funds,why will be needing banks to store our investments when we are more secured on ours now?no this will never happen,the anonymity and privacy that we are having now is enough for the offers banks can give

Bitcoin bank? Like where you can store your bitcoin safely and earn interest? I wouldn't think so. Your bitcoin is already "relatively" safe in your wallet if you follow security precautions. And online wallets like coinbase, blockchain and others already act like banks where you can store your coins. There are already bitcoin lenders also. I don't see the need for a bitcoin bank.

Bitcoin Bank could be possible that would depend on who is going to build and invest in having a bitcoin bank. But I think for now that it is better for us to manage our coin holdings in on our own safe’s to secure our investments because banks would only use our investments to outgrow their investments i hope you see what i mean. So for our holdings to be safe better yet we secure it between ourselves.

I heard that bitcoin banks are already realizing? http://kryptomoney.com/worlds-first-bitcoin-bank/
it means this idea is very possible in apply, bitcoin banks only need identity of the user to be a customer of the bank, I know that bitcoin is decentralized but you see how the exchange site gives the option to verify so users get additional facilities, isnt decentralization gone from it? I think bitcoin banks will also do the same,

Banking currency means the government will have a control to it, since the government sees the cryptocurrency a threat may that would not be a good option. This back currencies are centralized, so why would we want a decentralized coin to be bentralized coin.

For me it can be, and it is possible too. Soon that wll be happen because their is no impossible in bitcoin. It is good to hear that there will be a bitcoin bank for the bitcoiner. Maybe at that time the government will enter and recognize the world of bitcoin and for them to gain and earn that adds the income of the economy. The cryptocurrencies also will high the value of the price.

I think it's very difficult to have a BTC bank.

Because the digital encryption world has no way to build a credit system!

Because people who trade are anonymous and scattered around the world! If the BTC loan does not return, it is very difficult to punish them!

I dont thing so, bitcoin is the one causing the banks to be useless, so there will be no need for a banks for bitcoin, it needs no bank to survive, if bitcoin grew and the wolrld relay on it, then it will be the time that banks are extinct,

As long as there will be someone who will sponsor it and support it, it is possible, but what is its purpose anyway? A coin app serves as our personal acct or a personal bank that stores our coin etc.

I do not think that creating a large bank for bitcoin is a good idea. This will lead to the centralization of the coin, which is contrary to the principles that once put into bitcoin Satoshi Nakamoto.

I don't think there would be any. But if so, I think it is very helpful and can be convenient to the btc users. But I have to say that if a btc bank will be created, it will called a crypto bank made software,

I think there are banks for digital currencies as of today yet I can't confirm if such business have really started as of now since I did not know if they were successful in their attempts to establish one. But this is not far from reality as there are no differences between real money and digital currencies. They are valued just the same. The diffrence is one is virtual or digital and the other is real. Should there be any, I would certainly agree it could be that helpful as you have stated.

Yes I am thinking with that also that there will be a bitcoin bank someday. You know that bitcoin could be possibly legalize with its existence with secure development then it could be possible. I guess the developer's of the system are eyeing on to these possibilities since this system is one of a kind of investment. It will be a matter of time that this system will be acceptable as alternative to fiat money that could be use to any online transactions. Why do we need to develop our system? Because its popularity are widely spread all over the world that any other investment could ever have its uniqueness. So to those who are planning to establish bitcoin bank as early as now try to start naming your own bitcoin bank that could be attractive to the bitcoin depositors.

This is the opposite of bitcoin's power. But there is a big need at the same time. It will surely be forthcoming. There are some projects for this.

I believe we ourselves are the Bitcoin Bank. How about cardless ATM located at malls. Were your Bitcoin exchange for fiat for retailers that still not accepting bitcoin transaction.

Banks are generally “for profit” companies.

They are also highly regulated by state and federal agencies.

If they can find a way to work with bitcoins that are easy, profitable, and without getting the regulators all worked up, I am sure they will do that. I know major banks are looking at the block chain. In a few years they will probably start doing that.

A bitcoin bank it's a nonsense by definition, as "money" is already stored in a safe place.
But a kind of bank can be useful as a "buffer" to guarantee a transaction, in the same way it happen today with credit card.
You can't wait 30 minutes when you pay a coffee... :-)
(we complain that bitcoin transactions are slow, but credit card ones requires much more time. If we have the impression that they are immediate is because there is a bank that takes the risk)

Sorry, but a Bitcoin bank is an oxymoron. There have been lately a few ICOs trying to sell something like that to the public, but I really cannot see the point in something like that.

I agree with you because it doesn't make sense to just have a bitcoin bank because just like.. what is the reason of the wallets that are available for bitcoin if they will not be used like your own bank because the reason why we are in the cryptocurrency world like bitcoin is to have space from the banks and we should not allow the banks to create their own for cryptocurrencies because it is like centralization.

Based on what we see right now i think there's a chance that some bitcoin company will invest and create a bitcoin bank or a cryptocurrency for electronic bank. every years our technology has been upgraded. for me it will take to five to 10 years before the bitcoin bank introduce to us. But this is not far from reality as there are no differences between real money and digital currencies

Bitcoin and banks have different concepts and both are opposite to each other in every thing. However, there's possibility that banks partially adopt Bitcoin technology and the way it operates and vise versa Bitcoin would adapt some features like banks in future since governments wants to regularize and control Bitcoin. I'm not too sure which one would overtake another but something would be mingled together for smooth operations and to serve people.

I wouldn’t buy such ICO, they’re likely to end up as scam. Bitcoin doesn’t have a bank, and bank can’t just be online without having an offline location, so it’s all fake. There are already some wallets that look like bank. I once used Xapo wallet, and their services can be compared to that of banks; they give you debit card for ATM withdrawals, it’s just like bank. If anyone needs a Bitcoin bank, why not use Xapo then? And we don’t even need banks for Bitcoin, cause it is good as it is and we also like it like that.

The blockchain is a bank itself, so it doesn't make any sense to talk about "bitcoin bank".
But for sure there will be necessity of all kind of financial services, as loans, leasing, credit cards, and so on.

Banks and cryptocurrency has different concepts especially when it comes on their state of being centralized or not. Bitcoin is decentralized while naks are centralized or is an institution controlled by a government. So I think it is a bit impossible. Also, there are wallets to use in order to store your Bitcoin which I think is already enough. But we con't really know what tomorrow could bring for Bitcoin.

I heard rumors that Bitcoin bank or Cryptocurrency bank already exist. But if it does not exist yet, it is a good idea to have Bitcoin bank because instead of just holding your bitcoin, you can earn more by storing your bitcoin in bitcoin bank. The thing is, we must have assurance that we will not going to be scammed, so, bitcoin bank must be registered and must have consent or must be under the government which is impossible to happen because government does not support bitcoin or crypto at all.

Definitely yes. As the bitcoin get his popularity in the coming years, for sure elite people will be interested in handling it. They will see it as a business that will bloom. For sure, there is someone who is planning right now to buold such bank.

I don't think it will be in BTC's best interest if a BTC bank was to be established. It will totally ruin the main purpose of BTC's existence. By nature, BTC's decentralized and having a BTC bank would mean that a certain degree of control will be taken from its owner, in short. . .centralization. I can't imagine a BTC Bank which will adhere to BTC's core purpose.

For me it is for no use. Bitcoin survived to be safe in our cryptowallets so why still add some more storage for bitcoin?
Besides, it is not like cash that when placed in bank gets 1% interest for a year. Definitely it is with no help. Increased 1% for a year but inflation reaches about 4%.
I dont trust banks.

Bitcoin is a digital money which does not require a physical bank. Having a physical bank in future is misplaced priority. The aim and objectives will be forfeited there won't be a different bitcoin and conventional currencies

Yes it is possible and near future will officially work,some Bitcoin banks un officially started working and advertise their servies. It will ring new revolution in financial world.Most fast and secure way of transaction and holding funds.

Its a good thought really, knowing we have already bitcoin atm why not put up a bitcoin bank. Oh well, banks are centralized. They are bound to follow a certain regulation. The mere reason why bitcoin was made is to get rid of centralized market.

Definetely yes. Besides I believe one day BTC will be like gold for crypto currency market. Governments store golds for money supply. Same logic in neat future new crypto currencies will reserve BTC to supply their own coins.

The idea of a decentralized currency like bitcoin and cryptos... is that banks are not needed.

But we all know this is the real world and banks will want a cut of the pie. They will collude with govt to create regulations such that financial transactions will still need to go thru the banks. State-backed cryptos will never be truly decentralized and real crypto-currencies like bitcoin and litecoin will only become closer to financial asset at best.

japan is probably the only country who will make crypto legal-tender. The rest of the countries will at best categorize bitcoin and crypto as assets. And this will mean that banks will continue to be required to handle your money. So bitcoin will become one of the products that banks can help you to manage as well; with a fee of course.

Why you need a bitcoin bank? People from all over the world can using bitcoin who wants and there was nothing happen wrong with it.
In my knowledge, I didn’t hear that anyone loose their money for the fault of bitcoin. People can easily buy bitcoin and can sell them whet they wants. Now people can invest their money by hiding their genuine identity and keep running with it by don’t knowing any of other people.

If there will a bitcoin bank then we have to face many problem. Many new rules will be taken and we have to fulfill them. People can freedomly use bitcoin and that’s why they shows their emotion most in there but their freedom dealing will be loosed if their a bitcoin bank. Many traders will be loose there business which are related to bitcoin so all is perfect now. There is no need to have a bitcoin bank.

I think if there is a bank in bitcoin it is something interesting. Unfortunately the centralized banks run by government agencies. While bitcoin has not been supported by the government so it's hard for bitcoin to have its own bank, if this happens to be something good for us who use bitcoin in addition to storing in our wallet also store bitcoin in special bank bitcoin and security becomes tight or guaranteed. :)

Definitely in the future about ten years if Bitcoin continues to develop Bitcoin bank will be born, but want a Bitcoin bank is taken, we need another organization and investors to cooperate with a bank. Bitcoin International, which requires reliable and rigorous containment to protect investors' money.

There wont be any need for bitcoin bank. It wont make sence if there is a bank and everone can control their wallet on their own. Which makes it more interesting, since the government cannot control it. The bank will need the government permission in which we dont know if they will accepted.

Actually as far as i know ,there is a collaboration or treaty between  central banks and the cryptocurrency to help rebuild as one services,but in terms  of having a bitcoin banks,i thinks  theres no one that kind  of system,maybe in the other country there is kind of thats services being a bank of bitcoin,but here only in my country you can invest your bitcoin only in  your local exchange wallet.

there will be an actual conflict in having bitcoin banks, first of all if they are willing to build it they must have no kyc and by the main issues of the banks is being centralized. Its a big deal in cryptocurrency. Along with that they must have a better inputs if they are not capable of being decentralized.

A bank for bitcoins makes no sense, because the bitcoin itself is a bank.
On the other hand, the exchanges are behaving like banks, so the banks for the bitocin are already there, for those who want to use them.

I think the current situation is  better. We can transact with so many institutions. We can keep our bitcoin in our wallets without taxes and any regulations. We can incash anytime and anywhere. Meaning bitcoin is an easy access so why need a bitcoin bank.

As think as time goes on,their may be bitcoin bank. Though if it could be done well, I mean technologically, it may not need a bank,but there could be like ATM for withdrawal after exchange. Even POS can be made more available for direct transactions.

If bitcoin will be in banks, then the essence of its decentralization will be vanished. Banks are centralized and we all know about the issues of centralization. In addition, our wallets are more like a bank itself. But it is more secured.

Try to take a look in this

https://bitcointalk.org/index.php?topic=3312643.0

I do believe that now there are banks with relation to cryptocurrency in the world already. In every year passes by people wants more service of bitcoin including the banks related with cryptocurrency. Upgrading of system to meet the needs of people that necessary. The transaction is depends.

Bank, however, will find ways to take advantage in all lines of the currency, is now beginning a lot ICO-based bank that is used to receive cryptocurrency, so that in the future there will be, inevitably we will still be dealing with the banks, but the most important thing we can more secure with cryptocurrency than with fiat.

In present time i do not know anything about that either there is any bitcoin bank or not, but i also hope that in future when bitcoin will become more common then we can expect that bitcoin banks will be establish, because bitcoin is expected to be the future currency and all the people of the world will use bitcoin in their daily affairs. Therefore in future we can expect bitcoin banks.

I believe that in the future there will be a bitcoin bank, you can see that bitcoin is now linked with many banks around the world and the rationale has strongly promoted the closer approach of bitcoin for human life. So the bitcoin bank was born as a necessity of the development of society. Bitcoin will be our future currency.

The main purpose of bitcoin is decentralization and you offering to make a bank? It will never happen and i am very happy because i hate banks.

The exchanges are kind of like a bank don't you think?

As it is a decentralized asset, I think it shouldn't have a formal bank.

I believe the Blockchain platform is the safest and most effective way to manage bitcoins as well as other crypto without the need for a bank. Because banks no longer get much support, investors move to cryptocurrency so there is no need for a bitcoinbank to manage bitcoins.

Bitcoin wasn't under controlled of anything so that's why the price of Bitcoin isn't stable. Bitcoin users are getting more and more expensive Bitcoin prices. I think someday there will be a Bitcoin Bank.

I definitely agree that banks are useful and an instrument that many people need to cope with their finances. Not everyone is capable of taking responsability of their own finances. So I think yes, there will be something like a crypto bank (or Bitcoin bank). I would love to see something from the community for the community.

Maybe soon if almost people know bitcoin.It is also easy for us to know how many currencies will be saved in our account and can easily widraw our many that we invest if we like it. It is also secured that be deposit in the bank.

Now we have already a detarius crypto bank as I saw in you tube they are using block chain technology and accepting other services like transfer from Fiat money to crypto or crypto to Fiat money. And this is decentralize.

Well i think it is possible to happen in the future, that this world can have a bitcoin bank, and when that will happen a lot of holders and supporters of bitcoin will be very happy, and i also want to see a bitcoin banks because i think it will surely support by many people.

I think that banks will never agree to this, because for them it will be the end. The time has not yet come, but the current banking system is very outdated and requires fundamental changes.

I am not sure we can say that Bitcoin itself is a bank. In my opinion, it is incorrect to say so. But I agree with the fact that banks contradict the essence of bitcoin and don`t make sense in these conditions. The main problem: if a bank doesn`t have a debit with a loan and the bank expects a collapse, then we won`t get any Bitcoin from it. And this is exactly what we want to avoid, using Bitcoin. Our money must remain with us and be safely preserved.

I agree that the current banking system is outdated, but I think if banks will agree then only on their own terms, which will be beneficial to them.

I think that might be a probability as soon as regulation is done and implemented.
But I don't know how will this actually go with banks and governments, Honestly
I'm quite comfortable with using wallets. They're easier, fast and convenient.
Banks can actually help, if banks and bitcoins would somehow fuse or work
together, it's gonna be a new world in the online financial scene. Crypto atm
machines would be common.

I think that in the future there will be something like this in the crypto currency, which can be called a bank. If you do not touch on the basic principles of the existence of a crypto currency, then the creation of a bank that will issue loans in the crypto currency or perform other operations that will have similarities with the storage of money on a deposit, but in a crypto currency will be beneficial to all. I am sure that such forms in the business of crypto currency will be created, and in a variety of forms. Already, this forum is discussing the creation of ICO with similar functions of the bank in the crypto currency.

I believe that it is possible to have bitcoin banks in the future and I believe that it is a better way and opportunity for us to store our earnings in a safer and more secured place. Through it, we would be able to have a peace of mind and security for our earnings because we all know that banks are too risky these days.

To know that it takes a lot of conditions to become a bank, and bitcoin is now a virtual exchange of coins, and I don't think bitcoin banks will appear because the bitcoin and the silver industries are mutually exclusive. Maybe in the near future, we can see that the relationship between bitcoin and banks is coexistence.

Why? Isn't it conflict with the main blockchain idea? To be transparent and decentralized. And these issues conflict with bank's idea  ;D

This sounds actually logic, becouse some of the principles of banking works in realities of cryptocurrency world. Deposits for example

Banks operating completely with bitcoin will come into existence, but such banks will be surely under the control of governments. Thi won't provide users with the benefits, so it's better to use it same as now in its decentralized form.

If for example there is a bitcoin bank then we will be easier when exchanging bitcoin and it will also be easier to withdraw the funds we get from bitcoin and again if there is a bitcoin bank then bitcoin price will be more stable again, not too fluctuating like now because there is already a bank which regulates the bitcoin price, I hope to soon be in this bitcoin bank

Fractional reserve banking there is that, but who knows. I think banks will remain in some form. Governments will regulate this as always.
Crypto is a game changer because banks can't work with it in the classical way and for crypto adoption, they need to change their true nature which is hard to imagine now.

I dont think bitcoin and other cryptocurrency need banks because it can be safely stored in digital wallets with no maintaining balance and activity needed in order not to be fined or pay penalty. However there are ICOs i paricipated in the past whose project was to build and develop a crypto bank and crypto lending also with crypto debit cards automatically converted to fiat when used.

Bitcoin is high risk, big price fluctuation. I think no one would dare to open a bank for deposit and borrow BTC. And BTC borrowing will not be transparent when BTC users are anonymous. This can not be done in the present time.

This is not going to happen anytime, because Bitcoin is decentralized and no one or group can control this crypto currency and its price, and in fact decentralization is one of the most attractive features of Bitcoin, without this feature BTC will be similar to fiat currencies in many ways and its voume of trading and value will go down as a result.

Yes there is, minex coin is running their own bank and holding their coin will give you a huge amount of profit monthly so i suggest that investing in this coin will give you a huge amount of profit just the same as working in the corporate world.

I guess there will be a bitcoin bank in the near future if all the people are so desperate to legalize bitcoin it will happen but ofcourse they are not still able to manipulate the price of it and even the supply of bitcoin it can't be because in the internet it is still decentralized.

In my opinion, there will be no BTC because no one has the courage to open this bank, the risk is very high and the price fluctuates frequently, the interest paid to BTC is impossible. and BTC is anonymous so lending and borrowing will be more difficult.

What system do you think is outdated? and what kind of system is needed now? I think not all users want a bitcoin bank because we ourselves already have a better system than that, that is blockchain, without any third party and certainly safer, one of the reasons why some users want a bitcoin bank is due to loan and interest facility right ?

 Many ICO like Minex,  European bank are claiming to be a crypto bank. They offer profits for buying and stacking their coins. I guess we do not need a bank anymore , any top coins from the coinmarketcap  will surely give you a profit by just buying it or holding it from your trezor.

One of my greatest expectations is, Bitcoin bank will become real there.
it will be more interesting, and will further advance its development.
moreover, it will be more safe to use.
I am very sure and believe, Bitcoin Bank will be real there.

Market is like a bank as well and you are going to earn profit depending on how good you are in trading , you can earn a huge amount here in this industry if you will just focus and obey the principles of marketing like buy when the price is low and sell when the price is high.

It will depend on a country if they are too aware or in need of bitcoin ,this is a good support to crypto anyway.

I think it is hardly to happen but it is not impossible. Bitcoin is itself decentralized, so i do not see any reason why would be needing a bank when we could safely secure it ourselves.

Cryptobank is good idea and right now many ICO have idea like that. Bank in real world facilitate creditor and debitor and bank have many branch in many place. I am imagine cryptobank like that but with internet connection to reach people not office in many place.
But as far I know, right now many token/coin have platform lending like LEND or others.

I think all that is impossible will happen when bitcoin will be stored in the bank, but it may also happen because in the future we all do not know with the development of the times ..

but I personally do not need bitcoin to be stored in the bank, better kept on the bitcoin wallet because the security level is good and maximal.