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Author Topic: Does any bank accept Bitcoin?  (Read 73772 times)
gandame
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December 16, 2016, 06:37:17 AM
 #341

No, there is no bank that accepts bitcoin because there are no people that would going to invest or store their bitcoin to the bank. Bitcoins' price is always fluctuating and we are all aware of that, then if we are going to invest it or store it on the bank, then the bank would take this opportunity to take an advantage of us because of the bitcoins' price which is the only thing that they want to earn more money and the return of our investment from the bank would be just small, no one would accept this thing to happen, they would rather store it on their bitcoin wallet address online for the safety of their bitcoin and for their own sake to have a bigger profit than storing it on the bank.
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delliaerd
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December 16, 2016, 08:10:32 AM
 #342

There are not that many banks out there that accepts bitcoin, when bitcoin is their direct competitor especially on international transfers. However, a lot of banks are actually looking into using blockchain technology to create an immutable database of transactions.

In my country if they find out you are buying bitcoin via bank transfer they might actually freeze the seller's account.

Not even a single bank i find out in my city and country. If bank accepts bitcoin means then we could make interest also with the bitcoin saving. This is a only disadvantage in btc then this will also rectify by that.

until now, i can not found any bank in my city accept bitcoin too and my government is not talking about bitcoin in every where, maybe they even don't know if bitcoin is exist. maybe for the next year, someone in the government and the bank will realize this and will studied about bitcoin so they can learn more about bitcoin. i think bitcoin is only know by a few people in here.

The government mostly only avowed few currency which legalized for local bank. Dollar, Euro and obviously own currency is acceptable in local bank.
Bitcoin still didn't get high position by citizens and government yet (especially on my region). So bitcoin still not accept in bank yet.

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December 16, 2016, 08:16:18 AM
 #343

There are not that many banks out there that accepts bitcoin, when bitcoin is their direct competitor especially on international transfers. However, a lot of banks are actually looking into using blockchain technology to create an immutable database of transactions.

In my country if they find out you are buying bitcoin via bank transfer they might actually freeze the seller's account.

Not even a single bank i find out in my city and country. If bank accepts bitcoin means then we could make interest also with the bitcoin saving. This is a only disadvantage in btc then this will also rectify by that.

until now, i can not found any bank in my city accept bitcoin too and my government is not talking about bitcoin in every where, maybe they even don't know if bitcoin is exist. maybe for the next year, someone in the government and the bank will realize this and will studied about bitcoin so they can learn more about bitcoin. i think bitcoin is only know by a few people in here.

The government mostly only avowed few currency which legalized for local bank. Dollar, Euro and obviously own currency is acceptable in local bank

That largely depends on the bank

For example, one of the banks that I use allows to open accounts in a dozen of major foreign currencies as well as in precious metals such as gold, silver, platinum, and palladium (so-called unallocated bullion accounts). You can convert between the currencies right in the internet-bank, though the conversion rates are not best, mildly speaking, and other banks offer more attractive exchange rates

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December 16, 2016, 11:05:16 AM
 #344

In some countries it is still riksy that you have any business with Bitcoin using your bank account because the bank can close it or freeze it. On the other hand some banks are experimenting with bitcoin and there might be a will even to include it in their business and service to clients. I belive that one da banks would accept the fact that they can't ignore the presence of bitcoin and find the way to embrace it this way or another.

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December 17, 2016, 02:12:45 AM
 #345

I think the banks should immediately accept bitcoin. This is very important, because a bitcoin can change all kinds of financial transactions.
Not going to happen, the bank don't want to share, they will not want to adopt bitcoin because bitcoin is a competitor they cannot buy, so they want to destroy it.
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December 17, 2016, 02:21:21 AM
 #346

No bank that I know of at the moment accepts bitcoin.
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December 17, 2016, 02:33:35 AM
 #347

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.
Actually in the current time no one bank are accepting Bitcoin directly but in some few Months the idea of Bitcoin bank became more famous , So I think maybe this idea come in the online market soon .

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December 17, 2016, 02:53:21 AM
 #348

...

I believe I read something the other day about Barclays of the UK starting up some kind of operations w/ Bitcoin.

But, my casual Google search did not turn up anything exciting.  Barclays HAS been doing projects involving BTC since August, 2015, various articles on that are easy to find.

I bet that banks will slowly get into Bitcoin, one article I saw linked had "Chainanalysis" (a BTC wallet tracer, and other services I believe) looking at doing business with banks, perhaps Chainalaysis would keep them from getting "Dirty BTC" (from drug sites, porn, gambling, etc.).
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December 17, 2016, 04:23:34 AM
 #349

yes  its a russian bank accept bitcoin and you can make money from it if you want it work on forex and give 3% for your investment daily excluding forex holidays   try it  its the best  http://adyou.me/iaHN
I think it would be a wonderful thing when banks accept bitcoin for methods of deposit or withdraw. unfortunately it does not exist dinegaraku. so it looks like I will have to wait longer to see bitcoin accepted at the bank of my country
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December 17, 2016, 06:08:25 AM
 #350

yes  its a russian bank accept bitcoin and you can make money from it if you want it work on forex and give 3% for your investment daily excluding forex holidays   try it  its the best  http://adyou.me/iaHN
I think it would be a wonderful thing when banks accept bitcoin for methods of deposit or withdraw. unfortunately it does not exist dinegaraku. so it looks like I will have to wait longer to see bitcoin accepted at the bank of my country
Yes, it's great news that banks accept bitcoin. It is very safe to do bitcoin transaction through the bank. But I don't have a chance like this, in my country, it is illegal currency. Yup, we have to wait for long time to process like this. I don't know when our country will accept this bitcoin as a legal currency.
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December 17, 2016, 06:30:30 AM
 #351

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.
Obviously, banks will never be collaborate with bitcoin. Why? Because these two are against each other. The banks are centralize and bitcoin is centralize. I never see banks are gonna accept bitcoin. Even in the future. I will kill their nature if it happen. This is the main problem that banks are facing in the future. People will trust bitcoin than banks.
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December 17, 2016, 06:51:20 AM
 #352

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.
Obviously, banks will never be collaborate with bitcoin. Why? Because these two are against each other. The banks are centralize and bitcoin is centralize. I never see banks are gonna accept bitcoin. Even in the future. I will kill their nature if it happen. This is the main problem that banks are facing in the future. People will trust bitcoin than banks.

These are mostly unfounded claims. Millions people already trust web wallets, the closest proximation to Bitcoin banks. If we compare web wallets with personal ones, I guess the majority of Bitcoin users would be sticking to the former, not the latter. And I don't see web wallets languishing. If Bitcoin were against banks, these wouldn't spring up in the first place at all. On the other hand, banks fared pretty well with gold if they didn't abuse it, so there is nothing that would support any of such claims...

It is like saying that banks are against money, and bees against honey

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December 17, 2016, 08:17:49 AM
 #353

Well in my country, banks do not accept bitcoin...but i believe it might be accepted in other countries....but they are financial institution that accept bitcoin and in turns, pays you in real cash...that we can also call exchangers...they are part of financial institution they are found in my country and its has been easy for me doing business with them......but i believe other countries banks accept bitcoin!!!
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December 17, 2016, 08:28:07 AM
 #354

I think that banks don't accept BTC,at least that is from my experience and what I have seen.I think it would be quite paradoxal if that does happen cause BTC is actually the opposite of what the bank system is and for them to accept BTC would mean that they actually agree that there has to be made a change and that is exactly why I doubt that it will happen anytime soon really,but we will see,I hope for the best.

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December 19, 2016, 05:06:00 PM
 #355

I dont think here in india no bank at all accept bitcoins .and with the use of bitcoins to a greater level the price of bitcoins will go higher level and banks usage will not be ayt all .

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December 19, 2016, 05:14:37 PM
 #356

I dont think here in india no bank at all accept bitcoins .and with the use of bitcoins to a greater level the price of bitcoins will go higher level and banks usage will not be ayt all .

there is not bank that accept bitcoin in my country too, in my place bitcoin still little bit person who know and interest with it. i don't think that bank will accept bitcoin  in this near time. but if the user of bitcoin (in my region} still in low amount maybe bitcoin will not accepted in any bank because it won't make a benefits for bank.

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December 19, 2016, 05:33:56 PM
 #357

I dont think here in india no bank at all accept bitcoins .and with the use of bitcoins to a greater level the price of bitcoins will go higher level and banks usage will not be ayt all .

there is not bank that accept bitcoin in my country too, in my place bitcoin still little bit person who know and interest with it. i don't think that bank will accept bitcoin  in this near time. but if the user of bitcoin (in my region} still in low amount maybe bitcoin will not accepted in any bank because it won't make a benefits for bank.
Well same here that there is still not banks that actually accepting bitcoin here in my country since we are just fewer users of bitcoin so i think it takes long time before more people here in my country will use bitcoin.. for now we are just using bitcoin as alternative for banks and i hope someday in the future that banks can also be accept bitcoin that can easily deposit money and withdraw.
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December 19, 2016, 07:11:42 PM
 #358

I think the banks should immediately accept bitcoin. This is very important, because a bitcoin can change all kinds of financial transactions.
Not going to happen, the bank don't want to share, they will not want to adopt bitcoin because bitcoin is a competitor they cannot buy, so they want to destroy it.
i think bitcoin has do not need to adopt it in any bank because bitcoin technology is already too much stable and perfect and using bitcoin through online is much more better than bank because bank has too much high fees and high taxes so bitcoin service is better in online.
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December 19, 2016, 07:37:42 PM
 #359

I dont think here in india no bank at all accept bitcoins .and with the use of bitcoins to a greater level the price of bitcoins will go higher level and banks usage will not be ayt all .
Yes, in my understanding too bitcoin never needs any support from government nor central banks. Bitcoin will get its deserved places by its own standing itself. If banks start accepting bitcoin it will benefit banks more not bitcoin comparatively. I do not find any significant advantages if banks start accepting it.
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December 19, 2016, 07:42:13 PM
 #360

They would never accept their own demise as bitcoin is their enemy, just imagine what happens if you deposit your bitcoins and someone manages to hack them.

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