Bitcoin Bank???

[idev]

Bitcoin does not need a bank, one of the many reason why it was created in the first place was because of banks. Jezz how many times do people have to keep explaining these again and again i just don't know.

[vendetahome]

Its tough to image banks where we can deposit btc but yes would love to see them.

bitcoin already has its own bank and it was better than bank. so do not expect deposit bitcoin to bank.

bitcoin ctually has a bank? havent heard about that till now to be honest, maybe you can provide some more information about that or tell in detail what you actually wanted to say?

bitcoin will never have a centralized bank and theres no need of such a thing to be honest, everyone can be their own bank with their bitcoin wallet and can do whatever they want with the money they have

[BitcoinBlackjack]

Be very careful with anyone promising you interest on your BTC!
Countless of these "services" can simply vanish overnight, stealing your coins. It has happened many times in the past and will continue happening in the future.

[KennyR]

Be very careful with anyone promising you interest on your BTC!
Countless of these "services" can simply vanish overnight, stealing your coins. It has happened many times in the past and will continue happening in the future.

Exactly more such users were roaming and they try to grab the beginners, so that its easy to cheat them. So its their own responsibility to be cautious and stand away from their hands.

[fricircled]

Be very careful with anyone promising you interest on your BTC!
Countless of these "services" can simply vanish overnight, stealing your coins. It has happened many times in the past and will continue happening in the future.

That is the reason I like the conventional bank to adopt the bitcoin and offer service based on the bitcoin.

[arwin100]

Be very careful with anyone promising you interest on your BTC!
Countless of these "services" can simply vanish overnight, stealing your coins. It has happened many times in the past and will continue happening in the future.

That is the reason I like the conventional bank to adopt the bitcoin and offer service based on the bitcoin.

I think if bank will adopt bitcoin the price of bitcoin will stabilize or down because banks and government will manipulate it for their own good even do bitcoin is free for now maybe it is good to the bitcoin to be anonymous and no bank should hold it. Maybe its ok to us to remain their because we earn already by its flow.

[fricircled]

Be very careful with anyone promising you interest on your BTC!
Countless of these "services" can simply vanish overnight, stealing your coins. It has happened many times in the past and will continue happening in the future.

That is the reason I like the conventional bank to adopt the bitcoin and offer service based on the bitcoin.

I think if bank will adopt bitcoin the price of bitcoin will stabilize or down because banks and government will manipulate it for their own good even do bitcoin is free for now maybe it is good to the bitcoin to be anonymous and no bank should hold it. Maybe its ok to us to remain their because we earn already by its flow.

When many banks adopt the bitcoin and it becomes a global currency, it is difficult for several governments to manipulate.

[senyorito123]

Be very careful with anyone promising you interest on your BTC!
Countless of these "services" can simply vanish overnight, stealing your coins. It has happened many times in the past and will continue happening in the future.

That is the reason I like the conventional bank to adopt the bitcoin and offer service based on the bitcoin.

I think if bank will adopt bitcoin the price of bitcoin will stabilize or down because banks and government will manipulate it for their own good even do bitcoin is free for now maybe it is good to the bitcoin to be anonymous and no bank should hold it. Maybe its ok to us to remain their because we earn already by its flow.

When many banks adopt the bitcoin and it becomes a global currency, it is difficult for several governments to manipulate.

Very sure if bitcoin my have banks na governments will rule it and make the price control because they dont want their paper money lost for bitcoin existance and it has a high chance that bitcoin price will decrease because corruption of government will occur. So i think bitcoin dont need bank because it has a safe wallet that we can earn with ot if the price will rise.

[Monnt]

Magnr.com?

They provide investment options that pay 2.35% interest per annum. This flat interest rate lasts until the end of June. They will then pay you out based on the profits of the trading fees they charge.

[bamboylee]

a bitcoin bank would change everything really think about all the possibility

I think more banks will use as a wallet like xapo or other third parties. where banks can control your bitcoin.
I think it was not a good idea. because it is safer to save on the wallet than a third party (bank)

Yes it is. In wallet you have all the control on your bitcoins. If it is in a third party, they may control you accounts or freeze it if they want to just like what is happening in a fiat bank. If you get caught on something, they'll freeze your account and you have nothing.

[Hugroll]

theres magnr.com. i tried it like a year ago and they provided pretty low interest so i didnt stick with it. so i cant really confirm whether theyre legit or not. you should look into it though.

[West man]

I only know of investment type bitcoin wallets that offer interest if you hold your bitcoin with them for a certain amount of time. It is small amount of interest to accumulate.
That is as close as a bank that I know of for bitcoin.

[secone]

You can earn bitcoins easily, you don't need a bitcoin bank. Their price fluctuates a lot so even if there is bank and you will take loan from it ,then also there are chances that repaying that loan might be very difficult for you. I don't think loan of bitcoins is a wise idea.

earning bitcoin is not easily as you think, we must spend a few times, we must spend our time too, also we must spend our money. time is money.

[MTBTT]

If you wanna to lend money to get interest you can do that here at bitcointalk or try others places,but here best rates and maybe more safe to do deals.

yeah do not need to create a bank if you just want to borrow money or bitcoin bitcoin then you can borrow in this forum. even you can choose interest from you own. ussualy 1-10%?

[Doms]

The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.

[avw1982]

The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.

I think Bitcoin bank and normal banks is both good. Because older people need normal banks, because they dont know how Bitcoin works.

[MingLee]

The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.

I think Bitcoin bank and normal banks is both good. Because older people need normal banks, because they dont know how Bitcoin works.

Banks also have a sense of security and allow for there to be investments made and have a small return on them. Banks could hypothetically be a good thing for Bitcoin, but they would have to avoid the pitfalls of current banking, which revolve around fractional reserve lending. A bank giving out loans and not spending more than they really have would be one of the better ways this could be brought about.

[Boosterious]

The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.

that's goo,i think if all people relize this fact,no one will post thread like this and asking abut bitcoin bank,as we know bitcoin is our own bank,blockchain already use it as motto. lets keep our own bank. bitcoin.

[Dwelach]

If you wanna to lend money to get interest you can do that here at bitcointalk or try others places,but here best rates and maybe more safe to do deals.

yeah do not need to create a bank if you just want to borrow money or bitcoin bitcoin then you can borrow in this forum. even you can choose interest from you own. ussualy 1-10%?

It would be nice if there will be a Bitcoin bank because as you can see now you see also that there will be more people now that is using Bitcoin more and more so that is nice.
The only thing that must change for the people who already have Bitcoin is that they have to know that they can wait a long time until the value will be more.

[Cyaren]

Bitcoin banks that provide interest don't really work. They would have to lend out that money to some other guy to pay you. And that is not that possible under no fractional reserve standard.

So most of them are ponzis. Beware.