Bitcoin Bank???

[Labumi]

i had seen some online wallets which pays intrest if we keep our money in them for months their intrest rate are low but the big question is are they trusted enough if anybody put their money then i will be gone forever because they do not provide the exact work

though im afraid to put money into such wallets because i have a strong feeling that most of them might turn to just a scam that will rob me

That is the reason why we need proper bitcoin banks operated like the conventional banks, and they are insured.

Insurance would be a problem for bitcoin is decentralized. That is why it is for courageous people who can risk their money. If it loses its value then you just have to take it.

I think that bitcoin will not be able to get it. Because the currency is bitcoin anonymous and it is very difficult to guess who is doing any transactions that occur. So if there are insurance then I make sure the insurance company is going to get huge losses or they will not benefit. Because they can not get things the same as insurance in the bank kovensional

[agamasrori]

I don't think that we need bitcoin bank. I use bitcoin because I want to avoid bank system. Bitcoin system is the future and bank system is the past. I trust that in the future more people will use bitcoin. And the price will always rise.

[springgers]

No real banks in the current time, There are some risky investment as far as I know but no safe investment or a real bank, Just minor HYIP's claiming to be banks and not doing any lending to get the interest, I think a real bank is something that should happen with bitcoins sometime soon.

[socks435]

No real banks in the current time, There are some risky investment as far as I know but no safe investment or a real bank, Just minor HYIP's claiming to be banks and not doing any lending to get the interest, I think a real bank is something that should happen with bitcoins sometime soon.

Yeah i never heard that there is a bank that accepting bitcoin. but there is a BITCOIN ATM's just like here in my country we have that bitcoin atm that you can buy bitcoins or convert it to fiat fast and easy..

[bitdumper]

Bitcoin if merged with banks then it will destry its own propertys like anonymity or multicurrency exchange bwcause bank will charge extra tax and tike for using these features it is like bounding btc in chaines btc will not be free once be with them

[Gasturcas]

Bitcoin if merged with banks then it will destry its own propertys like anonymity or multicurrency exchange bwcause bank will charge extra tax and tike for using these features it is like bounding btc in chaines btc will not be free once be with them

In that case, you can use the Monero or ZCash. Or you can use some bitcoin with the banks and save the rest in your own pocket.

[pinkpanther03]

IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?

If you are asking to put our bitcoin into bank, No! I won't gonna do that, Bitcoin is more than a bank actually.. So why would I? Its not advisable for a bitcoin enthusiast save our bitcoin in any bank.

[stepwilli]

Bitcoin ATM’s already scatter the globe. Having an actual bitcoin bank to walk into would be great though! I think it would make bitcoin be seen as a more physical type pf currency even though it is digital currency.

[richardsNY]

Bitcoin ATM’s already scatter the globe. Having an actual bitcoin bank to walk into would be great though! I think it would make bitcoin be seen as a more physical type pf currency even though it is digital currency.

One of the main reasons for people to choose for Bitcoin is the fact that they don't need a bank to store their money. They are now the full owner of their money. So called Bitcoin banks aren't any different from normal banks beside that they deal with Bitcoin. It's basically pointless to have such a bank here when we are already our own bank.

[machinek20]

Bitcoin ATM’s already scatter the globe. Having an actual bitcoin bank to walk into would be great though! I think it would make bitcoin be seen as a more physical type pf currency even though it is digital currency.

One of the main reasons for people to choose for Bitcoin is the fact that they don't need a bank to store their money. They are now the full owner of their money. So called Bitcoin banks aren't any different from normal banks beside that they deal with Bitcoin. It's basically pointless to have such a bank here when we are already our own bank.

i agree, i dont see any point in saving my coin in bank, if i want to reveal my identity i prefer to save my money in fiat, in bitcoin i prefer anonymity, so i dont agree to save my coin in bank, even if the bank is going to give interest for putting my coin, i wont put my coin there

[passwordnow]

Bitcoin ATM’s already scatter the globe. Having an actual bitcoin bank to walk into would be great though! I think it would make bitcoin be seen as a more physical type pf currency even though it is digital currency.

One of the main reasons for people to choose for Bitcoin is the fact that they don't need a bank to store their money. They are now the full owner of their money. So called Bitcoin banks aren't any different from normal banks beside that they deal with Bitcoin. It's basically pointless to have such a bank here when we are already our own bank.

i agree, i dont see any point in saving my coin in bank, if i want to reveal my identity i prefer to save my money in fiat, in bitcoin i prefer anonymity, so i dont agree to save my coin in bank, even if the bank is going to give interest for putting my coin, i wont put my coin there

Me either, if banks are going to adopt bitcoin for their service. I will just going to chose block chain or other online wallets to store my bitcoins. Because they are a different thing, bitcoin doesn't need bank for storing it. Banks are playing another role for bitcoin, they are the one that computes the value of bitcoin.

[Tatalk]

Bitcoin ATM’s already scatter the globe. Having an actual bitcoin bank to walk into would be great though! I think it would make bitcoin be seen as a more physical type pf currency even though it is digital currency.

One of the main reasons for people to choose for Bitcoin is the fact that they don't need a bank to store their money. They are now the full owner of their money. So called Bitcoin banks aren't any different from normal banks beside that they deal with Bitcoin. It's basically pointless to have such a bank here when we are already our own bank.

i agree, i dont see any point in saving my coin in bank, if i want to reveal my identity i prefer to save my money in fiat, in bitcoin i prefer anonymity, so i dont agree to save my coin in bank, even if the bank is going to give interest for putting my coin, i wont put my coin there

Me either, if banks are going to adopt bitcoin for their service. I will just going to chose block chain or other online wallets to store my bitcoins. Because they are a different thing, bitcoin doesn't need bank for storing it. Banks are playing another role for bitcoin, they are the one that computes the value of bitcoin.

You do not need the bank to store the bitcoin. That is right. But you need to borrow the bitcoin from a bank.

[jostorres]

You do not need the bank to store the bitcoin. That is right. But you need to borrow the bitcoin from a bank.

I guess you are assuming that the lending business is possible only by bank.

Here in this forum, we are having lots of individuals who are successfully doing loans. This must be a small start towards replacing bank from the lending industry.

Never expect government or its central banks to do all the things, bitcoin has given us power to do same things with more precisely and more friendly.

[Senor.Bla]

Bitcoin ATM’s already scatter the globe. Having an actual bitcoin bank to walk into would be great though! I think it would make bitcoin be seen as a more physical type pf currency even though it is digital currency.

One of the main reasons for people to choose for Bitcoin is the fact that they don't need a bank to store their money. They are now the full owner of their money. So called Bitcoin banks aren't any different from normal banks beside that they deal with Bitcoin. It's basically pointless to have such a bank here when we are already our own bank.

i agree, i dont see any point in saving my coin in bank, if i want to reveal my identity i prefer to save my money in fiat, in bitcoin i prefer anonymity, so i dont agree to save my coin in bank, even if the bank is going to give interest for putting my coin, i wont put my coin there

Me either, if banks are going to adopt bitcoin for their service. I will just going to chose block chain or other online wallets to store my bitcoins. Because they are a different thing, bitcoin doesn't need bank for storing it. Banks are playing another role for bitcoin, they are the one that computes the value of bitcoin.

You do not need the bank to store the bitcoin. That is right. But you need to borrow the bitcoin from a bank.

banks with bitcoin do not make much sense, but considering how uninformed the average joe is this might happen.
a bank needs to pay the people working there, also there are cost for the building. for this to happen the bank needs to make a profit and this means fees. quite a bit of them.

[richmcrich]

You do not need the bank to store the bitcoin. That is right. But you need to borrow the bitcoin from a bank.

I guess you are assuming that the lending business is possible only by bank.

Here in this forum, we are having lots of individuals who are successfully doing loans. This must be a small start towards replacing bank from the lending industry.

Never expect government or its central banks to do all the things, bitcoin has given us power to do same things with more precisely and more friendly.

Yes, the survival of bank is highly doubtful with the respect to rise of bitcoin systems. In future I believe we are going to have bitcoin banks which will be run by individuals not by corporate. Yes, any single person will be able to provide all the facilities a bank could do, then why we need a traditional bank.

[TheUltraElite]

A bitcoin bank idea itself is against the idea of bitcoin's decentralized state. A bank would mean centralization and this is against the policy of the currency. What is more important is making people aware of bitcoin by these "Banks" and allowing easy exchange between fiat and crypto, so that people start to accept bitcoin in a much more wider scale.

[goldcoinminer]

There will be no bitcoin bank that can follow the way how a real bank in physical world operates. Banks are centralize and bitcoin is not, so that fact alone is a big contradicting factors that would not be possible, I do not know what would be the idea but as long as bitcoin will remain anonymous it cannot be called bank.

[fatima zuhra]

i do not think that still there is any bitcoin bank which world like the physical banks, provide services to the people, but hope that when bitcoin will become more popular and when most of the people of the world will start using bitcoin then the bitcoin banks will be more effective.

[Gasturcas]

A bitcoin bank idea itself is against the idea of bitcoin's decentralized state. A bank would mean centralization and this is against the policy of the currency. What is more important is making people aware of bitcoin by these "Banks" and allowing easy exchange between fiat and crypto, so that people start to accept bitcoin in a much more wider scale.

The integration of the bitcoin by the bank will not centralise the bitcoin. You can still save the bitcoin by yourself.

[Barbut]

You are your own bank, do you wish to take interest from yourself? On this example is easy to see how banks are similar to ponzi schemes. How much interest rate would be normal for you to accept to put your bitcoons somewhere? How can you be sure in that bank, is there any law for such bank to operate?
I think bitcoin is something you keep in your cold storage and wait price to rise, I think that is safest and most secure place for your bitcoins, everything else is possible scam, people will just take your money if you believe in some kind of bitcoin bank.