Does any bank accept Bitcoin?

[Harlot]

Bitcoin was made so that you could store your own Bitcoin and so that no one could manipulate or control it. If a bank accepted it, it would go against Bitcoin. There would also be no point for any Bitcoin user to put their money into a Bitcoin bank. I am pretty sure that there is no banks at the moment that accept Bitcoin.

I think it is the opposite of what you said. Bitcoin is easily controlled and manipulated one good example is trading people can actually control the price of Bitcoin so that they cater on what their needs are. They can also hoard Bitcoin so that the demand goes up. They have given Bitcoin users too much power to control their own currency because it is independent from all kinds of government.

[Gembul]

I think it is the opposite of what you said. Bitcoin is easily controlled and manipulated one good example is trading people can actually control the price of Bitcoin so that they cater on what their needs are. They can also hoard Bitcoin so that the demand goes up. They have given Bitcoin users too much power to control their own currency because it is independent from all kinds of government.

I think you have a point, but it is true if we have a large capital or so-called "whales" and some exchangers are also doing it everyday. But as I said in the previous post it is local "in exchanger only" and is not global. Because if this affects the movement bitcoin globally we must have huge capital and moreover we have to conduct transactions in several exchangers that are role models market price. Thank you, IMO

[LegendaryMiner]

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 ..

but i think no one bank accept bitcoin in anywhere because bitcoin is a just crypto currency we can just use it as digitally  and bank just accepting fiat regular currency and if any government accept bitcoin then i hope that bitcoin will become in physical shape and it will be acceptable in bank.

Banks don't care much about the fact that there is no physical form for Bitcoin, as this would actually make things easier with regard to electronic payments.
What worries the banks are other aspects, such as the decentralized nature of Bitcoin. Banks prefer to have greater control over their payment systems, and the use of Blockchain Technologies would take much of the power they have over it.

In addition, banks are influenced by governments, and most of them certainly would not approve the idea.

[EdenHazard]

Bitcoin was made so that you could store your own Bitcoin and so that no one could manipulate or control it. If a bank accepted it, it would go against Bitcoin. There would also be no point for any Bitcoin user to put their money into a Bitcoin bank. I am pretty sure that there is no banks at the moment that accept Bitcoin.

yes that is true , bitcoin are decentralized when bank itself are centralized.

it will just weird when banks accept bitcoin , it more likely bank should adopt the way bitcoin as a new system of currency work. so it is not about bitcoin accepted in the bank anymore but the banks adopt bitcoin technology.

[lol3c]

Bitcoin was made so that you could store your own Bitcoin and so that no one could manipulate or control it. If a bank accepted it, it would go against Bitcoin. There would also be no point for any Bitcoin user to put their money into a Bitcoin bank. I am pretty sure that there is no banks at the moment that accept Bitcoin.

yes that is true , bitcoin are decentralized when bank itself are centralized.

it will just weird when banks accept bitcoin , it more likely bank should adopt the way bitcoin as a new system of currency work. so it is not about bitcoin accepted in the bank anymore but the banks adopt bitcoin technology.

Well, in my opinion, banks will only accept people to use their money to buy Bitcoin. With this strategy, banks may know the buyer identity and also earn some profit with the fee they gain from selling Bitcoin. However, no matter how hard they try, banks will never accept bitcoin as a main currency because there is a big discrepancy between banks and Bitcoin

[1Referee]

Well, in my opinion, banks will only accept people to use their money to buy Bitcoin. With this strategy, banks may know the buyer identity and also earn some profit with the fee they gain from selling Bitcoin. However, no matter how hard they try, banks will never accept bitcoin as a main currency because there is a big discrepancy between banks and Bitcoin

Banks aren't dumb, neither are the governments that put up all kinds of rules these banks abide by. They are well aware of the fact that there are plenty of mixers a.k.a. tumblers, where people can simply get rid of their "marked" coins, and get "clean" coins in return. Of course they can investigate the entire transaction log within the blockchain in an attempt to trace these "cleaned" coins, but there are zero guarantees that you'll ever find them. Especially with the features that mixers offer, where you can split a certain amount into 5-10-20 or even more smaller pieces, each being sent to a different address. If you so wish you can decide to run even these coins through a mixer if you're really paranoid. Nothing stops you then from using the coins that you get back in the end for whatever illegal purpose, or to finance terrorism. Governments won't ever allow banks to sell Bitcoins.

[rozee]

till now i never heard about bank accept bitcoin and never heard if bank will accept bitcoin to their system i think it will difficult because the bank and bitcoin have different concept, bank use real money while bitcoin is digital money and we all know that not all people use and know about bitcoin but if all country will accept bitcoin i think it will possible to happen,right?

[erickkyut]

I haven't heard a bank which accept bitcoin. But I'm not sure if there will be in the future because the very concept of bitcoin is very contradicting to the concept of fiat or the current monetary system we have now. And also, if bank will accept bitcoin, they will be taxed by the government and we don' have to burden any more charges aside from the transaction fees from our wallet providers.

[n0ne]

Bitcoin was made so that you could store your own Bitcoin and so that no one could manipulate or control it. If a bank accepted it, it would go against Bitcoin. There would also be no point for any Bitcoin user to put their money into a Bitcoin bank. I am pretty sure that there is no banks at the moment that accept Bitcoin.

yes that is true , bitcoin are decentralized when bank itself are centralized.

it will just weird when banks accept bitcoin , it more likely bank should adopt the way bitcoin as a new system of currency work. so it is not about bitcoin accepted in the bank anymore but the banks adopt bitcoin technology.

Well, in my opinion, banks will only accept people to use their money to buy Bitcoin. With this strategy, banks may know the buyer identity and also earn some profit with the fee they gain from selling Bitcoin. However, no matter how hard they try, banks will never accept bitcoin as a main currency because there is a big discrepancy between banks and Bitcoin

That might be true. Bitcoin will be used to make them profit high. Several banks have invested into bitcoin indirectly and planning to adopt the technology. This helps them in two way, investment gains them a good profit as bitcoin is the potential investment compared to any other investment. Secondly technology is playing big role in the ease of all financial support.

[Theb]

As far as I know Banks don't accept Bitcoin. The purpose of banks accepting money is because they are stable and they can lend it to people to make profit from it. Bitcoin on the other hand is not stable in other words it is volatile. Banks need assurance that they can make profit from it. With Bitcoin changing price too often they can't predict accurately what they will profit from lending Bitcoin.

[stadus]

till now i never heard about bank accept bitcoin and never heard if bank will accept bitcoin to their system i think it will difficult because the bank and bitcoin have different concept, bank use real money while bitcoin is digital money and we all know that not all people use and know about bitcoin but if all country will accept bitcoin i think it will possible to happen,right?

I never heard it too that was operating but I have read some news that there are banks who are planning to accept bitcoin and use it for their operations. Even though I'm not subject to this type of adoption because this can be good for the whole bitcoin society but if you are selfish enough you can just think about taxes.

That's new mate, do you have a link for us to see?

[deppil]

till now i never heard about bank accept bitcoin and never heard if bank will accept bitcoin to their system i think it will difficult because the bank and bitcoin have different concept, bank use real money while bitcoin is digital money and we all know that not all people use and know about bitcoin but if all country will accept bitcoin i think it will possible to happen,right?

I think in this world there are already some banks that accept bitcoin although not so well known. but there are plenty of articles on google stating it. try to look it up on google mate. for authenticity that I cant guarantee

[bitcoinmasterlord]

till now i never heard about bank accept bitcoin and never heard if bank will accept bitcoin to their system i think it will difficult because the bank and bitcoin have different concept, bank use real money while bitcoin is digital money and we all know that not all people use and know about bitcoin but if all country will accept bitcoin i think it will possible to happen,right?

I think in this world there are already some banks that accept bitcoin although not so well known. but there are plenty of articles on google stating it. try to look it up on google mate. for authenticity that I cant guarantee

The banks are not accepting bitcoins, but people can withdraw bitcoin converted fiat currency from any local bank ATM's in some countries With bitcoin debit card. These facilities are there in only some countries. In my country it's not there may be in future in all country we will get this facility. If it comes, it is easy to convert BTC to fiat without any 3rd party company. But how the bank will track this transaction I don't know.

[canhchuacaro1]

There is no such thing as banks that accept bitcoin as a form of payment.
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.
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

[xSkylarx]

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.

Well here in the Philippines there are some banks that you can use to cash in and cash out your bitcoin,

But i doubt that they will really embrace it they would only accept it cause they could earn through it .

[malekbaba]

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.

Well here in the Philippines there are some banks that you can use to cash in and cash out your bitcoin,

But i doubt that they will really embrace it they would only accept it cause they could earn through it .

Banking system is just opposite to crypto. Although in future most of the banks will adopt the underneath block chain tech, no doubt. Bitcoin is not made to be traded in banks. Bitcoin is independent of any authority and it is more secure in this way. If any bank trades bitcoin as currency and people has to pay for btc transaction through fiat, then what is the btc used for ? We hate to pay extra bills/ fees, we do not want to be dependent on any authority. thereby we are bitcoin lover. We will add values to btc. Fiat can not be replaced by btc, I admit. but we will have our own currency.

[stomachgrowls]

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.

Well here in the Philippines there are some banks that you can use to cash in and cash out your bitcoin,

But i doubt that they will really embrace it they would only accept it cause they could earn through it .

They are not still accepting it since they are just being used on cash out and as far as i know theres a local wallet provider who tied up to bank for this but it doesnt mean that banks already accept bitcoin because if we are saying it does accept then we could able to saw on their services and bitcoin is included with it.

[roadbits]

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.

Well here in the Philippines there are some banks that you can use to cash in and cash out your bitcoin,

But i doubt that they will really embrace it they would only accept it cause they could earn through it .

Banking system is just opposite to crypto. Although in future most of the banks will adopt the underneath block chain tech, no doubt. Bitcoin is not made to be traded in banks. Bitcoin is independent of any authority and it is more secure in this way. If any bank trades bitcoin as currency and people has to pay for btc transaction through fiat, then what is the btc used for ? We hate to pay extra bills/ fees, we do not want to be dependent on any authority. thereby we are bitcoin lover. We will add values to btc. Fiat can not be replaced by btc, I admit. but we will have our own currency.

In future Banks may accept Bitcoin, But it is only useful for governments and banks, for us again it's a problem we have to pay tax for all transaction. So better banks if not accept bitcoin it's good for us. And if they accept Bitcoin we will not get a chance to use Bitcoin freely they will track all our transactions. So I will not support this banks can accept bitcoin.  

[AjithBtc]

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.

Well here in the Philippines there are some banks that you can use to cash in and cash out your bitcoin,

But i doubt that they will really embrace it they would only accept it cause they could earn through it .

They are not still accepting it since they are just being used on cash out and as far as i know theres a local wallet provider who tied up to bank for this but it doesnt mean that banks already accept bitcoin because if we are saying it does accept then we could able to saw on their services and bitcoin is included with it.

As quoted several wallet developers are making collaboration with banks and developing payment accessibility similar to the digital wallet with the same fee structure. Hoping this advancement will further help in the use of bitcoin wallets too.

[Superways]

till now i never heard about bank accept bitcoin and never heard if bank will accept bitcoin to their system i think it will difficult because the bank and bitcoin have different concept, bank use real money while bitcoin is digital money and we all know that not all people use and know about bitcoin but if all country will accept bitcoin i think it will possible to happen,right?

I think in this world there are already some banks that accept bitcoin although not so well known. but there are plenty of articles on google stating it. try to look it up on google mate. for authenticity that I cant guarantee

The banks are not accepting bitcoins, but people can withdraw bitcoin converted fiat currency from any local bank ATM's in some countries With bitcoin debit card. These facilities are there in only some countries. In my country it's not there may be in future in all country we will get this facility. If it comes, it is easy to convert BTC to fiat without any 3rd party company. But how the bank will track this transaction I don't know.

These cards are controlled by the Visa and master cards so if you will use these cards for the withdrawal of your bitcoins then you will use a third party and the banks can only find that how much is transacted via that card and then the card provider pay the banks with that money.