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Author Topic: Does any bank accept Bitcoin?  (Read 73802 times)
shinscarlet
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January 04, 2017, 02:42:42 PM
 #381

No one bank accept bitcoin in present time because bitcoin is digital currency and it can be use use just for online transaction and i think it can be possible that bitcoin accept in bank if bitcoin become in physical shape then i hope that we will be able to use it in any local shops .
And not even in the future, I am confident with that. It will only happen if the government can control bitcoin but the fact that they can't it will always be the same bitcoin and crypto world will always exist.
If we say no bank accepts bitcoin then how do most bitcoin debit cards get issued ? Am certain it has nothing to do with a government having control over bitcoin...
you dumb or what? issuing card don't need bitcoin! and if you want to load the card, service like wirex will exchange your bitcoin first!
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January 04, 2017, 05:55:03 PM
 #382

Till now I have not seen or heard about a bank that is selling/buying or accepting Bitcoin. But you can always get a locker in bank to store your Bitcoin safely like we store property papers or Gold or precious ornaments. 

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lOvE mE forEvEr
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January 05, 2017, 12:09:12 AM
 #383

Till now I have not seen or heard about a bank that is selling/buying or accepting Bitcoin. But you can always get a locker in bank to store your Bitcoin safely like we store property papers or Gold or precious ornaments. 
It happen also in mu country, one factor is the government still banned bitcoin. But I not confuse if I want to sell or buy bitcoin, options exchanger reliable very much, even the speed of the transaction served in minutes. I ever sell bitcoin, and just 5 minutes already up accepted in my bank account.
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January 05, 2017, 12:15:26 AM
 #384

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.
Yeah. I am pretty sure that no big bank has accepted Bitcoin. What is the point of it anyway? A Bitcoin wallet is pretty much your own personal bank except you can't take loans and you don't earn interest. It will be a very long time before any banks accept Bitcoin, if they ever do.
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January 05, 2017, 12:53:40 AM
 #385

Till now I have not seen or heard about a bank that is selling/buying or accepting Bitcoin. But you can always get a locker in bank to store your Bitcoin safely like we store property papers or Gold or precious ornaments. 
It happen also in mu country, one factor is the government still banned bitcoin. But I not confuse if I want to sell or buy bitcoin, options exchanger reliable very much, even the speed of the transaction served in minutes. I ever sell bitcoin, and just 5 minutes already up accepted in my bank account.

Most bank in many countries is not accepting bitcoin if there i am sure only in little percentage. I am can not find bank accepting bitcoin yet in my region. It is so rare i think.

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January 05, 2017, 12:54:18 AM
 #386

No there are not really banks that are accepting it, I honestly do not know any here in my country.
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January 05, 2017, 02:00:46 AM
 #387

There are no banks that accepting bitcoin.
One reason why this is happening, its all because bitcoin and banks aren't supporting each other.
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January 05, 2017, 03:16:24 AM
 #388

There are no banks that accepting bitcoin.
One reason why this is happening, its all because bitcoin and banks aren't supporting each other.
Yup, no banks are accepting bitcoin, but I heard that in some countries bitcoin users are withdrawing money from local atms. I don't know how it will work. Becasue without knowing banks how the money transaction will happen. If we withdraw money in our bank statement, everything will mention right. Anyone clarify this, please.
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January 05, 2017, 03:24:12 AM
 #389

Don't think banks are accepting bitcoins now. But many banks are investing in the blockchain technologies. So banks are thinking of issuing their own crypto coins so they can keep accounting and transparency easy.
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January 05, 2017, 04:04:34 AM
 #390

i dont know of it . but some wallets making thier own atm and visa cards
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January 05, 2017, 07:41:06 AM
 #391

i dont know of it . but some wallets making thier own atm and visa cards
It's different, it's useful for us to deposit or buy bitcoin, but if we want withdraw of course can't, does not mean that the bank which issued the credit card accepted bitcoin.

In my country, I never found any bank accepted bitcoin.
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January 06, 2017, 02:21:00 AM
 #392

I think what you talking about would be more of an investment. But why would you need a bank ? Your wallet is your bank. The only reason to transfer bitcoins would be with an investment.

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January 06, 2017, 02:49:26 AM
 #393

I think what you talking about would be more of an investment. But why would you need a bank ? Your wallet is your bank. The only reason to transfer bitcoins would be with an investment.

What he is talking is about those banks that are accepting bitcoins. Bitcoin is already considered as currency especially if you have a business that is accepting bitcoin. As of now, I can't see that there is a bank that is accepting bitcoin but what is happening, local exchanges are converting bitcoin to fiat and they are the ones who are depositing your balance to your bank account.

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January 07, 2017, 06:06:00 AM
 #394

I think what you talking about would be more of an investment. But why would you need a bank ? Your wallet is your bank. The only reason to transfer bitcoins would be with an investment.

What he is talking is about those banks that are accepting bitcoins. Bitcoin is already considered as currency especially if you have a business that is accepting bitcoin. As of now, I can't see that there is a bank that is accepting bitcoin but what is happening, local exchanges are converting bitcoin to fiat and they are the ones who are depositing your balance to your bank account.
Maybe he does not realize that bitcoin is not regulated and therefore not recognize as currency by the government, banks will only accept a legal tender which is fiat or money. Bitcoin is just a fuel that we can use to transact online but we need to convert it to fiat to be use by us.

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January 07, 2017, 06:38:50 AM
 #395

I think what you talking about would be more of an investment. But why would you need a bank ? Your wallet is your bank. The only reason to transfer bitcoins would be with an investment.

What he is talking is about those banks that are accepting bitcoins. Bitcoin is already considered as currency especially if you have a business that is accepting bitcoin. As of now, I can't see that there is a bank that is accepting bitcoin but what is happening, local exchanges are converting bitcoin to fiat and they are the ones who are depositing your balance to your bank account.
Maybe he does not realize that bitcoin is not regulated and therefore not recognize as currency by the government, banks will only accept a legal tender which is fiat or money. Bitcoin is just a fuel that we can use to transact online but we need to convert it to fiat to be use by us.

Yeah, as quoted bitcoin is not considered to be a legal tender to get used in bank. As an alternative for high volume transactions in a very short time which is not at all possible with banks is done with the help of bitcoin. To go mainstream similar to banking needs more adoption.

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January 07, 2017, 12:50:51 PM
 #396

I think what you talking about would be more of an investment. But why would you need a bank ? Your wallet is your bank. The only reason to transfer bitcoins would be with an investment.

What he is talking is about those banks that are accepting bitcoins. Bitcoin is already considered as currency especially if you have a business that is accepting bitcoin. As of now, I can't see that there is a bank that is accepting bitcoin but what is happening, local exchanges are converting bitcoin to fiat and they are the ones who are depositing your balance to your bank account.
Maybe he does not realize that bitcoin is not regulated and therefore not recognize as currency by the government, banks will only accept a legal tender which is fiat or money. Bitcoin is just a fuel that we can use to transact online but we need to convert it to fiat to be use by us.

Yeah, as quoted bitcoin is not considered to be a legal tender to get used in bank. As an alternative for high volume transactions in a very short time which is not at all possible with banks is done with the help of bitcoin. To go mainstream similar to banking needs more adoption.


It is even considered as a tool for laundering money by some other government agencies and countries. Because here in our country the central bnak did warned already us that bitcoin can be used in that illegal activity and suggesting to quit using with it. So by declaring that, it is clear that there is no chance that a bank will accept bitcoin here.

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January 07, 2017, 03:51:55 PM
 #397

It is even considered as a tool for laundering money by some other government agencies and countries. Because here in our country the central bnak did warned already us that bitcoin can be used in that illegal activity and suggesting to quit using with it. So by declaring that, it is clear that there is no chance that a bank will accept bitcoin here.

It is basically the same bullshit that government agencies often reply to requests sent by citizens (though courts are beyond competition in this regard). You ask them precise questions but get as a reply something which is totally irrelevant to your inquiry. They obviously fail to understand that by doing this they lose any respect that people might feel toward them. In this case, they are warning about bitcoin being used for illegal activities and suggest that you should stop using it as though you are already engaged in some criminal business involving Bitcoin...

Why don't they suggest to stop using their own money as well since it is also used for illegal activities?

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January 07, 2017, 04:21:53 PM
 #398

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 believe there is in the world , but in fact in my country i not see yet ..
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January 07, 2017, 04:29:19 PM
 #399

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 believe there is in the world , but in fact in my country i not see yet ..

Hmm, it's something difficult friends. Because of the nature of this deal on the policy of the State, where in the policy of the State is definitely taken because most votes and that certainly also profitable for the country. But it is not something of a problem in the growth of the bitcoin, if in the future the bitcoin can contribute to the good of the world bank will certainly take into account the emergence of bitcoin or might be able to use it. But obviously if there is surely going to use bitcoin necessary changes in payment or Fee that we pay
 
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January 07, 2017, 04:49:49 PM
 #400

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 believe there is in the world , but in fact in my country i not see yet ..
Well, for the moment there are no banks that accept bitcoin, because bitcoin is not legalized officially, so, although some countries do not prohibit the use bitcoin, but it will not come to the bank, except bitcoin to form its own bank. well, but one day there may be banks that accept bitcoin.
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