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Author Topic: Does any bank accept Bitcoin?  (Read 73772 times)
lol3c
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February 28, 2017, 01:58:38 PM
 #581

Directly? In our country we have that and we have an application or bitcoin wallet that is exclusive only in our country and you can cash out your bitcoin directly to your bank or ATM machine because it is supported in that application. although it have a small fee but the function of that application is hassle free because that is instant so many of my country men use that application too. You can pay your bills also there and buy game credits. That is in our country but you can search if you have a application in your country just like us.
Your country sounds like an ideal place for bitcoin users to live so I'm just curious which country you mentioned Grin Anyways, I still see that bitcoin is not fully accepted and used in banks, banks are just for cashing out bitcoin, is that right? But it's way better than where I come from, banks here don't even like the idea of bitcoin, so there is no hope of cashing out money from bitcoin through any application.
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February 28, 2017, 02:05:18 PM
 #582

Directly? In our country we have that and we have an application or bitcoin wallet that is exclusive only in our country and you can cash out your bitcoin directly to your bank or ATM machine because it is supported in that application. although it have a small fee but the function of that application is hassle free because that is instant so many of my country men use that application too. You can pay your bills also there and buy game credits. That is in our country but you can search if you have a application in your country just like us.
Your country sounds like an ideal place for bitcoin users to live so I'm just curious which country you mentioned Grin Anyways, I still see that bitcoin is not fully accepted and used in banks, banks are just for cashing out bitcoin, is that right? But it's way better than where I come from, banks here don't even like the idea of bitcoin, so there is no hope of cashing out money from bitcoin through any application.

Seems I knew that country too. It is really fascinating how bitcoin approaches its applications and availability in any time needed, I used app also for loading business with bitcoin on that wallet and for transferring btc on my bank account.

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February 28, 2017, 02:07:17 PM
 #583

Directly? In our country we have that and we have an application or bitcoin wallet that is exclusive only in our country and you can cash out your bitcoin directly to your bank or ATM machine because it is supported in that application. although it have a small fee but the function of that application is hassle free because that is instant so many of my country men use that application too. You can pay your bills also there and buy game credits. That is in our country but you can search if you have a application in your country just like us.
Your country sounds like an ideal place for bitcoin users to live so I'm just curious which country you mentioned Grin Anyways, I still see that bitcoin is not fully accepted and used in banks, banks are just for cashing out bitcoin, is that right? But it's way better than where I come from, banks here don't even like the idea of bitcoin, so there is no hope of cashing out money from bitcoin through any application.
I, too, your country is great, I wish I lived in a place like that, everything is easy and convenient. in my country, no anything similar, if hope, I wish I lived there, I can freely use Bitcoin and spending on life without having to worry about things other money. I expect that in the future
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February 28, 2017, 02:19:52 PM
 #584

Do you mean directly i think no because many people don't know about it. So we need to deposit it online through my local wallet. But i read it in some articles about bank accept bitcoin.  In nigeria news i read it that bitcoin there are so important they some banks accept it.
I do not know for sure about the news. but if it really happened. Nigeria will be the first country where their country banks accept bitcoin? I hope it will soon spread to other countries
uhmm, do you have a source of that one? I have never heard such news about Nigeria and i cannot find anything by googling it. As far as I know banks do not accept bitcoins just yet and even though this is possible in the future I'm not too keen on seeing it happen because when banks takeover bitcoins the whole idea of decentralization and stuff like that will be gone. Besides that with bitcoin you can be your own bank why do we need bitcoin banks then?

 
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February 28, 2017, 03:24:06 PM
 #585

No banks doesn't deal with bitcoin because bitcoin is still not considered as legal money in our country so till now no banks accept bitcoin. but banks are making themself ready for future with such own currency.

The banks are making ready but they are not taking bitcoin into their system but they are only focused on the blockchain technology since they are also planning to create a digital currency of their own which is centralized. But I believe that if bitcoin will be widely adopted the banks have no choice but to create a scheme wherein bitcoins is included.
and for me I don't see anything bad that banks do not accept bitcoins at the moment, I mean bitcoin is basically created to kinda oppose the banks and all the centralization then why do we want to come back to banks?

Directly? In our country we have that and we have an application or bitcoin wallet that is exclusive only in our country and you can cash out your bitcoin directly to your bank or ATM machine because it is supported in that application. although it have a small fee but the function of that application is hassle free because that is instant so many of my country men use that application too. You can pay your bills also there and buy game credits. That is in our country but you can search if you have a application in your country just like us.
Your country sounds like an ideal place for bitcoin users to live so I'm just curious which country you mentioned Grin Anyways, I still see that bitcoin is not fully accepted and used in banks, banks are just for cashing out bitcoin, is that right? But it's way better than where I come from, banks here don't even like the idea of bitcoin, so there is no hope of cashing out money from bitcoin through any application.
I, too, your country is great, I wish I lived in a place like that, everything is easy and convenient. in my country, no anything similar, if hope, I wish I lived there, I can freely use Bitcoin and spending on life without having to worry about things other money. I expect that in the future
you want to live in another country just because you could spend your bitcoins more? You must live in a shit country then that does not have anything good, you should have thought about it before settling there then. For me even though there are no bitcoin shops around I'm still happy living here.

 
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February 28, 2017, 03:33:40 PM
 #586

MisterTango is Bitcoin friendly but not only. It's from Lithuania and supervised by Bank of Lithuania. I am not sure if it is considered as "bank" like we know it, as they have restricted activity licence No.2. But you can get a bank account with a personnal IBAN Send payments for free like any traditionnal bank account. There is another online bank accepting Bitcoin but I don't remember the name right now

MisterTango isn't considered as a bank, as far as I know. Like you say they have only a restricted activity licence. It is considered as a electronic payment company. Even if it is a subdivision of  Bank of Lithuania. It's like Revolut app, N26, ect. Plenty in Europe, but Mt is the only dealing with bitcoin
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February 28, 2017, 03:42:56 PM
 #587

I think there's no bank that do accept bitcoin directly but in the local app wallet in our country does have a feature that you could able to withdraw directly the cash converted from bitcoin without any hassle.
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February 28, 2017, 03:45:32 PM
 #588

Directly? Not that I'm aware of. Some do allow accounts for bitcoin-based businesses and institutes so these do accept and embrace bitcoin if you think about it. I don't see a bank accepting BTC directly? Why? because banks accept cash/USD or local currencies.
BTC, even if a currency is not stable in value and no bank would open accounts for it now. it's more like gold IMO.
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March 02, 2017, 03:56:45 PM
 #589

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.


Even now there is no bank accepting bitcoin. That's what I think all around the world no bank are accepting bitcoin directly. Only  or merchant became a bridge or middle man why there is a transaction from your bank account balance you can send transfer going to bitcoin.
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March 02, 2017, 04:18:51 PM
 #590

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.


Even now there is no bank accepting bitcoin. That's what I think all around the world no bank are accepting bitcoin directly. Only  or merchant became a bridge or middle man why there is a transaction from your bank account balance you can send transfer going to bitcoin.

You are right there is no bank yet or will be.
The withdrawals that are being done are from website wallets that have an account with the banks. They are being mislead by the informations or just didn't understand that because they are withdrawing it from an ATM of a bank or directly. This should be corrected to avoid misundrerstand and for the credits to go back with the website wallets. We should try to understand this facts and correct others.

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March 02, 2017, 04:27:34 PM
 #591

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

my knowledge no, there is also the exchange, many are hoping this matter, let no real place of bitcoin


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March 02, 2017, 04:37:20 PM
 #592

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

my knowledge no, there is also the exchange, many are hoping this matter, let no real place of bitcoin

No , I think there are some banks may be private that are accepting .
I am.saying this because about 2 years ago I readed a article in the Google that ATM machine was available for Bitcoin , So here can say without any doubt that availability of private Bitcoin banks are possible for such types of country like Singapore .
Well here the Bitcoin's popularity doesn't need any bank to make deals because already many persons are making buy/sell as a trading job .
Which is good for OP to make deal with Bitcoin for buy and sell .
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March 02, 2017, 06:18:44 PM
 #593

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

my knowledge no, there is also the exchange, many are hoping this matter, let no real place of bitcoin

No , I think there are some banks may be private that are accepting .
I am.saying this because about 2 years ago I readed a article in the Google that ATM machine was available for Bitcoin , So here can say without any doubt that availability of private Bitcoin banks are possible for such types of country like Singapore .
Well here the Bitcoin's popularity doesn't need any bank to make deals because already many persons are making buy/sell as a trading job .
Which is good for OP to make deal with Bitcoin for buy and sell .
but currently i do not know about such banks, where they accept bitcoin and not even heard about that. actually all banks are working under government super vision and that can be the reason that band still do not accept bitcoin but i am sure that in future when bitcoin will become more and more stable then they will also start accepting bitcoin.
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April 10, 2017, 05:09:56 AM
 #594

South Korean government is on plan of their own digital coin termed as BOSCoin.

wow, this is something new.
Could you provide a proof? please Smiley
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April 10, 2017, 05:12:38 AM
 #595

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

my knowledge no, there is also the exchange, many are hoping this matter, let no real place of bitcoin


As of now there are only the exchanges that you can use to convert your bitcoin into cash and vice versa. There are no banks yet who decided to accept bitcoin but probably soon even banks will accept and sell bitcoin. We are all looking at Japan since they have accepted bitcoin in their country it is very exciting to see if soon they will accept bitcoin in banks to pay their loans and etc.
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April 10, 2017, 05:37:59 AM
 #596

South Korean government is on plan of their own digital coin termed as BOSCoin.

wow, this is something new.
Could you provide a proof? please Smiley
Yeah Countries planning to have their own digital coin is good to have a development in a better way as bitcoin and several digital currencies are gonna make a financial change.

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lemonade09
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April 10, 2017, 05:50:36 AM
 #597

I don't think back accept bitcoin at all it is very vulnerable in hacking maybe bank company don't have a ..,
system to handle bitcoins so maybe now they don't accept it but maybe in the future you they will accept it directly exchange bitcoin for money and withdraw it directly in the bank.,,
But at now in my country when I got my bitcoins I can always exchange my bitcoin or withdraw it in some atm here ,,
And also in many branches they can also exchange money for bitcoin and there also a few store accepting bitcoins.,,

So just hold your bitcoins and earn more when the time come the currency of the bitcoin will be accepted in the bank .. its just my opinion
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April 10, 2017, 05:59:05 AM
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as far as i know, there will no bank that accepting bitcoin now but i am sure if the government is ready to accept bitcoin like what japan does, then the bank will accept bitcoin too. there is more thing that we need to prepare to get synchronize with the bank and it need time before everything is ready and set up so better we do other thing and collect more bitcoin.

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April 10, 2017, 06:05:10 AM
 #599

as far as i know, there will no bank that accepting bitcoin now but i am sure if the government is ready to accept bitcoin like what japan does, then the bank will accept bitcoin too. there is more thing that we need to prepare to get synchronize with the bank and it need time before everything is ready and set up so better we do other thing and collect more bitcoin.

Banks will start accepting bitcoins only if bitcoins gets support from the Government and if not then I don't think that banks will ever support bitcoins as its an threat to their banking system so it will depend on what action Government takes in future.
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April 10, 2017, 08:20:05 AM
 #600

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

my knowledge no, there is also the exchange, many are hoping this matter, let no real place of bitcoin


Exchange is a sort of bank for bitcoin where we can buy sell bitcoins. Ofcourse we dont need the traditional banking for bitcoins which would mean it is controlled by government and we dont want this.
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