Does any bank accept Bitcoin?

[Kevin77]

There are no banks that can accept bitcoin in the USA because the government has not recognized it as a currency.  Instead the IRS in the USA had declared Bitcoin an asset and thus the banks are not allowed to accept it as a currency.  I think the first step to getting this to turn around would to use BTC as collateral for a small loan.  If this will start happening, then there is a possibility that we can start moving forward at a pace faster than a turtle.

Banks in every countries does not believe in any digital money or Bitcoins at this time. these bankers even doesn't accept any transactions even their bank account holder's signature miss match. so how come any bank believe in Bitcoins. But the day is not very far to teach them that bitcoins are real money.

Currently, no bank in the world is accepting bitcoin, but there are some concerns that works as bank for bitcoin. They allow you receive and withdraw your bitcoins in the form of cash with their debit card. Take for example; Xapo. Xapo is one of the well known bitcoin wallet providers that functions as bank. They give you a debit card that you can use to withdraw your bitcoin in the form of cash wherever you are in the world. Coinbase also launched its ATM in New York.

[adicted]

There are no banks that can accept bitcoin in the USA because the government has not recognized it as a currency.  Instead the IRS in the USA had declared Bitcoin an asset and thus the banks are not allowed to accept it as a currency.  I think the first step to getting this to turn around would to use BTC as collateral for a small loan.  If this will start happening, then there is a possibility that we can start moving forward at a pace faster than a turtle.

Banks in every countries does not believe in any digital money or Bitcoins at this time. these bankers even doesn't accept any transactions even their bank account holder's signature miss match. so how come any bank believe in Bitcoins. But the day is not very far to teach them that bitcoins are real money.

Indeed. They even attack bitcoin and always look at the bad side. Our central bank is one good example. They even announced a public statement warning people of our country about bitcoin and its nature. But it seems not effective cuz the growth of bitcoin users here was still growing

[maokoto]

With exchanges linked to banks via sepa transfers, it does not matter much. You can operate with banks that way. Although no bank allows Bitcoin directly, I would not be surprised if they did it so.... yes it will go against the principles of anonimity and all, but still some people will agree to not be anonymous in order to have their BTC easily exchanged for fiat.

[xmax]

I gather that Barclays accept Bitcoin to assist charities to receive donations. They use a 3rd party to exchange the coins though. They have a small department to promote this service. No doubt it will expand in the future.

This is correct and they will soon expand as the need raises.  I do not expect any banks in the USA will take BTC anytime soon, because the USA has not seen the Bitcoin as a currency yet, but hopefully in the 2016 year, this will change a bit.

[Mr. Forum]

I do think that there are some upcoming banks that have embraced this whole idea of digital currency and hence are willing to have the persons invest and save the coins they get. Within our country, I have not come across a financial institution where the bitcoins are accept. In fact the whole idea of bitcoin is still growing among the resident and therefore opening a bank now will be of no great value. But in a few years time, the banks will be all over the world.

[bassride2]

High street banks primarily make money by 'creating' new money for loans and credit and then charging interest.

With Bitcoin its not possible to instantly create new BTC faster than the mining process allows, so it's hard to see how banks would have incentive to allow Bitcoin accounts as well as Fiat money accounts.

Using Bitcoin for international money transfer is one big area of interest.  Its currently expensive and has high friction.  Bitcoin offers a cheaper and more efficient solution to this.

[jerowacik]

I do think that there are some upcoming banks that have embraced this whole idea of digital currency and hence are willing to have the persons invest and save the coins they get. Within our country, I have not come across a financial institution where the bitcoins are accept. In fact the whole idea of bitcoin is still growing among the resident and therefore opening a bank now will be of no great value. But in a few years time, the banks will be all over the world.

indeed most are still many financial institutions that accept bitcoin. bitcoin is still developing in the community, had not been appreciated by the government. the digital era will start in 10 years, I'm sure !!

[btcprospecter]

Would be good in a way if they did but would defeat the purpose of anonymity. Exchange wise it would be good

[PakistanHockeyfan]

I wouldn't imagine a bank accepting Bitcoin. It'd be somewhat unusual in my honest opinion.

[elizabethqueen]

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.

so far,i never hear any news that bank or financial institution embraced bitcoin,bank still not accept bitcoin,but they start to learn blockchain technology,maybe they only interest to blockchain,not bitcoin.

[PhilipPens]

There are no banks who accept bitcoin, but with the majority of banks you can withdraw money to an exchange and buy bitcoin.
I use kraken and when i want to buy bitcoins i just iniatiate a SEPA transfer and voila i can buy bitcoin.

So you mean that there are banks which do not receive the bitcoins but if I'll deposit some money in USD, for example, I sould withdraw them to my account in bitcoins? And what is the course?  And is it profitable to use it? Also, there is the national course of the exchange rates and the commercial. what about the national course of bitcoins? I'm wondering..

[phreaky]

I do not see this happen, and I think there is no bank.
The most banks are against the bitcoin, they only like the blockchain.

[delliaerd]

No, it doesn't yet for every bank . But it is possible if bitcoin has a lot of user or fans .. maybe the bank get start to add bitcoin as currency which they want receive.

[xuan87]

up until now there are no banks that accept bitcoin or any other crypto currency yet, and if any of them appear in internet and doesnt has physical building, i suggest you to not believe it as bank.

there are a ot of investment call themselves a bank in the end it is scam

[Ruzka]

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.

Accept bitcoin? I don't think so... However I have heard many times before several big banks allow you to purchased crypto coins from them at market value + a small fee... But I have never asked while being inside so I can't even confirm if its actually true .

As for the future, I don't see any banks accepting bitcoin in the future because they are so afraid of it. However I think it would be a wise publicity stunt for the first major bank that does accept bitcoin and even start letting the public invest bitcoin or earn a monthly interest on their bitcoins. That would bring that first major bank a lot of attention and new customers for sure!

Yes that would be great to give the banks control over our btc so they can loan it out at interest and play the market a gooden end up basically cornering the market after a not so long time period. They are the true pumpers and dumpers and if they get enough coin they will play the game and they will win.
Never get greedy and give your btc to banks for the promise of interest.
Much more important than that is being your own bank and not caring what the other banks are doing when it comes to btc. 

[DMB]

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.

Accept bitcoin? I don't think so... However I have heard many times before several big banks allow you to purchased crypto coins from them at market value + a small fee... But I have never asked while being inside so I can't even confirm if its actually true .

As for the future, I don't see any banks accepting bitcoin in the future because they are so afraid of it. However I think it would be a wise publicity stunt for the first major bank that does accept bitcoin and even start letting the public invest bitcoin or earn a monthly interest on their bitcoins. That would bring that first major bank a lot of attention and new customers for sure!

Yes that would be great to give the banks control over our btc so they can loan it out at interest and play the market a gooden end up basically cornering the market after a not so long time period. They are the true pumpers and dumpers and if they get enough coin they will play the game and they will win.
Never get greedy and give your btc to banks for the promise of interest.
Much more important than that is being your own bank and not caring what the other banks are doing when it comes to btc. 

Wow I couldn't agree more! That is so true. I'm very glad bitcoin is the way it is then because what you just said is exactly what would happen. On top of that, if that happened then everyone (mostly the stock players) would be sucking the life and profit out of the coin by playing the stock game. Psh, yeah screw that. Right on bro!

[Learn007]

No bank accept bitcoins because it is anonymous in nature and no bank will ever support anonymity.

[Herbert2020]

if there were a bitcoin bank (a bank that accepts bitcoin as investment like regular banks) that would be so cool. hard to trust, but very useful.
but the other way around which means the regular banks (which are working with fiat) accepting bitcoin, there is just no way. bitcoin is threatening their very own existence.

[Kevinatin]

if there were a bitcoin bank (a bank that accepts bitcoin as investment like regular banks) that would be so cool. hard to trust, but very useful.
but the other way around which means the regular banks (which are working with fiat) accepting bitcoin, there is just no way. bitcoin is threatening their very own existence.

These banks can offer savings and investment or loans with bitcoin. They can still make good profits.

[Dr.Osh]

I guess not, banks only accept cash and deposits in the form of valuables, bitcoin is valuable but bitcoin digital currency that can only be used on the Internet, so I guess the bank does not accept bitcoin