The Best Bitcoin Banks of 2020

[bittraffic]

Banks will help the adoption as it will open its users to using cryptocurrency like BTC. I bet some of them are buying BTC bit by bit because they are also rooting for BTC somehow before the pandemic had started.  The scenarios that we might not get our BTC bank is just a scarier scene than storing cryptocurrency in a bank account. Cryptocurrency does not belong to a bank, it's supposed to be used online.

Coins and tokens are actually in the blockchain and all we have are access to it using our private keys which basically still ours. If you store it in a bank, would this mean the bank will have to learn about your wallet's private key?

[AjithBtc]

As of now we haven't got much banks to function completely on bitcoin allowing deposits of cryptocurrencies. Whenever there is a discussion about bitcoin banking someone will state bitcoin itself serve as it's own wallet. Just because we've got the private seed we can't state it to be a bank. Bank does lot many things than a single wallet does. As per my view one can compare the DEFI as the banking of cryptocurrencies with the traditional one.

[famososMuertos]

None.
But it's absurd to think it's the inevitable forced marriage to which you can't say No. Well at least I have a hidden romance with bitcoin.

In the practical reality of those of us who have lived closely with the abuse of banks, we regret that we almost "never" can make a p2p in the complete and absolute concept that it represents. The necessary third party should be an option and not a condition.

Banks want to be a condition.

[Krislaw]

Well, the list is short and we hope more institutions embrace it. But have it in mind that these are financial institution which are being monitored by government bodies. Always prepare for issues from government because they'll try to make things centralised.
Even if they have their own blockchain, they can't be 100% trusted for saving funds, they are third party and third parties aren't supposed like them will give a lot of terms.

[20kevin20]

To be honest, I would not trust any bank at all. While some of them seem to be friendly, I would never hold any crypto funds on there. Crypto hodlers are considered suspects in way too many cases and that makes me wonder why I wouldn't be one if I ever wanted to hold crypto in my bank account.

And then, considering that harsh limits are right now being rolled around the world with cash txs, I suppose the situation with crypto txs will get much worse soon. I'd avoid linking any kind of crypto activity with my banks. I'd rather be my own bank instead.

[Quidat]

Well, the list is short and we hope more institutions embrace it. But have it in mind that these are financial institution which are being monitored by government bodies. Always prepare for issues from government because they'll try to make things centralised.
Even if they have their own blockchain, they can't be 100% trusted for saving funds, they are third party and third parties aren't supposed like them will give a lot of terms.

When you do build a bank then its anticipated or already expected that it is heavily centralized and how the hell would somebody will make use of these institutions
if Bitcoin itself doesnt really need to be banked at all? We are our own banks but im still shocked that there were still people whom do make use of these things
which this isnt different when you do put up your own money on conventional banks.You are just simply risking out your funds and might face up some
future headaches soon.

Always bear in mind that not your keys = not your coins and if you do decide to make up some deposit then think up the possibilities.

[Chris Barth]

It's great to know that some banks out there supports bitcoin.

What is the best bank for your crypto?

None! Unfortunately for me and the fellow bitcoin enthusiasts in my country, banks do not support bitcoin. Once they notice that your account has something to do with it, they lock up your account, ask you for KYC verification, and some stories that can piss one off.

[Sirait]

~snip

^ Banks accept Bitcoin = just a dream. The only thing in the mind of the Bank is the profit, the Bank is never sincere to its customers. when the bank finds out you have a lot of Bitcoin they will lick you.

now we already have the best hardware and software wallet swallow that is very safe, it is more than enough to be our own bank.