Does any bank accept Bitcoin?

[ufaiz50]

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.

in my country has been no banks that accept bitcoin, bitcoin is digital currency (crypto) and anonym. Whether banks would accept the digital currency?

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[jak3]

yes i dont exactly know the places but i am sure we can see those bitcoin accepting bank places soon at bitcoin.org site , but i heard many places in the asia is going to start accepting bitcoin in their banks even at india.

[Doms]

From where I come from, I don't know of any banks that accept bitcoin. Whenever I cash out, what I usually do is convert my bitcoin into fiat and send it over to my bank account as cash. I am sure some banks are already aware of the bitcoin and blockchain technology but I know that some of these banks think conservatively when it comes to their products and services. It might take a while before banks start to accept bitcoin, and it could a special account for those in the know.

[energycr]

There is no such thing as banks that accept bitcoin as a form of payment.
They do not have the equipment installed to accept it and even if they did they do not want to support it's progress in any way.
They do want to use the blockchain technology to make their own form of a payment system for their customers.
That is far as I know it for now.

[Selly Arumsari]

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.

i don't know in the world but in my country not yet , may be there is one or two in other country

[icecube45]

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.

I do not know whether banks in other countries accept bitcoin because each region is different. But the national bank in my country, stating that the crypto as other bitcoin is not legal payment tool, even those said to be careful when using it. So in my country do not accept bitcoin for security reasons.

[abel1337]

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.

I do not know whether banks in other countries accept bitcoin because each region is different. But the national bank in my country, stating that the crypto as other bitcoin is not legal payment tool, even those said to be careful when using it. So in my country do not accept bitcoin for security reasons.

In our country , Our banks is one of the way on how can we convert our bitcoins into fiat. I think our banks is slowly adopting bitcoin.
I hope in future they will fully adopts bitcoin that we can deposit our bitcoin in their banks (Im hoping too)

[LLec]

Banks do not have any deposit addresses so no you can not put bitcoin in any bank.
There is a service called Wagecan that you can deposit bitcoin in and then they give you interest on your bitcoin holdings with them over time. If that is what the OP is wanting to do in the first place; to gain interest on the bitcoin that is being held in their wallet.

[icecube45]

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.

I do not know whether banks in other countries accept bitcoin because each region is different. But the national bank in my country, stating that the crypto as other bitcoin is not legal payment tool, even those said to be careful when using it. So in my country do not accept bitcoin for security reasons.

In our country , Our banks is one of the way on how can we convert our bitcoins into fiat. I think our banks is slowly adopting bitcoin.
I hope in future they will fully adopts bitcoin that we can deposit our bitcoin in their banks (Im hoping too)

Yes I did not know it would happen or not because every country must have different policies. Honestly if I may argue, I do not like it if bitcoin adopted by the bank. Because if the bank adopts bitcoin will definitely change some of the bitcoin system. As bitcoin transaction will be charged much because if use bank  it own through a third side. Other than that we did not have full control over our bitcoin.

[hawkins]

to date, there are no banks that accept bitcoin. Well, I feel that banks and bitcoin has a reciprocal nature. in the bank, the transaction whatever you do, would be very easy to know by the bank, however, in the world of bitcoin, nobody knows you're doing sending bitcoin. but, bank, and bitcoin also have much in common, but the bank has not received for the current bitcoin

[target]

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.

I do not know whether banks in other countries accept bitcoin because each region is different. But the national bank in my country, stating that the crypto as other bitcoin is not legal payment tool, even those said to be careful when using it. So in my country do not accept bitcoin for security reasons.

In our country , Our banks is one of the way on how can we convert our bitcoins into fiat. I think our banks is slowly adopting bitcoin.
I hope in future they will fully adopts bitcoin that we can deposit our bitcoin in their banks (Im hoping too)

Which country are you from?

Banks is no different to government and so they always like to control thus making fiat centralized. if they will ever create their own coin, it will be centralized.

[Natalim]

As per direct definition, banks does not accept bitcoin. However, some exchange sites like in my local exchange they partner with banks so every time their clients converted their bitcoins to fiat they can easily withdraw it in the bank. That's how the system goes but banks aware that exchange site is for bitcoins, so basically the cycle goes that way.

[Catlonid]

As per direct definition, banks does not accept bitcoin. However, some exchange sites like in my local exchange they partner with banks so every time their clients converted their bitcoins to fiat they can easily withdraw it in the bank. That's how the system goes but banks aware that exchange site is for bitcoins, so basically the cycle goes that way.

I think so, Bitcoin is a currency which still is used in a deep web so many people using bitcoin to illegal activities and finally bank not accept bitcoin. it is my opinion because many people know bitcoin like that.

[Sithara007]

None of them accept coins directly, as far as I know. But there are indirect methods. You can purchase these pre-paid debit cards (VISA/MASTER) which are enabled with IBAN and control panel. They comes with all the details needed for doing international wire transfer. You can load these cards with Bitcoins, and then you can spend them wherever you want.

[mrkevio]

Bitcoin is seen as a method through which you can find a refuge and hide from the total control. I prefer Bitcoins because of this, and we have to know that banks never want our good - they only need our money to survive, that's all. No such business wants our good, just to profit off us. Banks don't accept Bitcoin because they would then lose control upon us.

[deadpoolx]

If there is any bank that allows deposits in Bitcoin, I am not aware of it. But I believe it will not be something very easy to find. This would go against the interests of the banks, in addition they would be promoting a technology that would make the users decrease the dependence on banks, since Bitcoin wallets allow the users to have a greater control over their money.

[Zadicar]

If there is any bank that allows deposits in Bitcoin, I am not aware of it. But I believe it will not be something very easy to find. This would go against the interests of the banks, in addition they would be promoting a technology that would make the users decrease the dependence on banks, since Bitcoin wallets allow the users to have a greater control over their money.

I dont know if government would let this thing to happen and i dont think that there would be bitcoin bank because people will surely not use them after all and they would like to choose and hold off their bitcoin on their own wallet on which they have full access and control of it compared on putting it on a bank. Im not aware if there a bank but so far i think no one exist.

[Victorycoin]

to date, there are no banks that accept bitcoin. Well, I feel that banks and bitcoin has a reciprocal nature. in the bank, the transaction whatever you do, would be very easy to know by the bank, however, in the world of bitcoin, nobody knows you're doing sending bitcoin. but, bank, and bitcoin also have much in common, but the bank has not received for the current bitcoin

Banks and Bitcoin are not reciprocal in nature, on the contrary, they are into fierce competition, because they represent two different worlds and that explains why we are yet to find one bank accepting deposits in Bitcoin. Some of the banks are trying to adapt the blockchain technology to come up with their own version of bitcoin, that is an attempt to centralize an established decentralized process and we can be sure, that won't work, because there in lies the key to the freedom that Bitcoin represents.

[doomistake]

Here in our country here in the Philippines, I don't know if any banks here accepts already bitcoin and if I'm not wrong people would never store or spend their bitcoin in the bank because the bank will just stole it and the worst thing that can happen is that certain bank could run anytime with your bitcoin, that's why bitcoin users prefer to use the online wallet to store their bitcoin like blockchain and so on.

[michkima]

to date, there are no banks that accept bitcoin. Well, I feel that banks and bitcoin has a reciprocal nature. in the bank, the transaction whatever you do, would be very easy to know by the bank, however, in the world of bitcoin, nobody knows you're doing sending bitcoin. but, bank, and bitcoin also have much in common, but the bank has not received for the current bitcoin

Banks and Bitcoin are not reciprocal in nature, on the contrary, they are into fierce competition, because they represent two different worlds and that explains why we are yet to find one bank accepting deposits in Bitcoin. Some of the banks are trying to adapt the blockchain technology to come up with their own version of bitcoin, that is an attempt to centralize an established decentralized process and we can be sure, that won't work, because there in lies the key to the freedom that Bitcoin represents.

I agree with what hawkins said, though, Bitcoins and banks don't mix well. Since banks want control over what they hold, they dislike Bitcoins. I haven't heard of a bank that is for Bitcoins since they can not earn from using this technology. People who use bitcoin can just use their wallets and not subscribe to or use banks to do just that. Banking transaction fees will not be imposed by banks since a regular wallet can send money locally or overseas without bank intervention. Then another issue is there is a significant problem lending people with Bitcoin as it has not been adopted widely as of yet.