Does any bank accept Bitcoin?

[Biggapp]

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 think there is no bank to accept bitcoin because this is the online currency and they could only accept bitcoin with indirect method by such way that you have to change the bitcoin to another currency in exchange then they will accept it.the another reason behind it is that bitcoin is the competitor of fiat currency and they don't want to replace the fiat by bitcoin.

[1714804385]

1714804385

[1Referee]

Nowadays many bank are accepting bitcoin But I think you need an application or web wallet that can exchange it into fiat and transfer it into bank. In my country we an application or a wallet that can transfer your bitcoin into your bank account and I think many wallets are supporting it too today.

I have the strong feeling that you're phrasing that what you are trying to say completely wrong. It's probably due to you making use of some sort of a translator. Aren't you simply referring to you cashing out your coins through an app provided by the service that you use, where you get the fiat sent to your bank account? It's just the service that you use sending fiat from their bank to your bank, and that's really it. It has nothing to do with banks accepting Bitcoin.

[BeGoods]

There are no banks who accept bitcoin, but with the majority of banks you can withdraw money to an exchange and buy bitcoin.

it can be done with the help of the exchange you will not be able to buy and sell directly using a bitcoin bank. because there is no bank that accepts bitcoin

[Victorycoin]

There are no banks who accept bitcoin, but with the majority of banks you can withdraw money to an exchange and buy bitcoin.

No banks wanting to accept digital currency, bank is fiat/physical money based to keep in their vault. i think if bitcoin create physical paper/coin money banks will start adopting bitcoin for deposit and withdraw.

No you are quite far from the truth - paper money or not cannot be the reason any bank would want to accept Bitcoin as deposit. Regular banking activities revolves around centralization, which is the exact opposite of the decentralization that Bitcoin represents, so such a marriage just won't work, if it does, then certainly it won't be Bitcoin anymore, but a different coin altogether.

[Karitra1]

.... I think BTCwill become the most widely used in the future and all banks have agreed


BTC The future of the World 

[doomistake]

I believe that it will come true very soon. Some banks are doing work.They will soon know bitcoin.

i think bitcoin do not need bank because bank has a lot of charges and tax i think bitcoin is better on their own position because currently bitcoin have too much lowest fees so bitcoin do not need any bank.

Actually there are banks that accepts bitcoin, for example is in Japan, Japan is using bitcoin as a currency in their country see it here https://www.cryptocoinsnews.com/japan-accepts-bitcoin-as-legal-payment-method-whats-next and also in the Philippines, https://bravenewcoin.com/news/the-philippines-central-bank-approves-new-bitcoin-exchange-regulation.

And the next thing we will know, is the banks all over the world will accepts bitcoin, and also the all the people in this whole wide world.

[paul gatt]

I believe that it will come true very soon. Some banks are doing work.They will soon know bitcoin.

i think bitcoin do not need bank because bank has a lot of charges and tax i think bitcoin is better on their own position because currently bitcoin have too much lowest fees so bitcoin do not need any bank.

Actually there are banks that accepts bitcoin, for example is in Japan, Japan is using bitcoin as a currency in their country see it here https://www.cryptocoinsnews.com/japan-accepts-bitcoin-as-legal-payment-method-whats-next and also in the Philippines, https://bravenewcoin.com/news/the-philippines-central-bank-approves-new-bitcoin-exchange-regulation.

And the next thing we will know, is the banks all over the world will accepts bitcoin, and also the all the people in this whole wide world.

Although Japan has accepted bitcoin, we can not be sure that the whole world will accept bitcoin. It is possible that bitcoin is becoming popular and well known, but, in essence, it is still a virtual currency, its value depends entirely on real money. It never changes. Virtual money is a constant change, even though it has existed for a long time, but it always has big and irreparable problems. It could be the reason that banks around the world accept bitcoin. The future is something that we can not be sure of.

[Dimelord]

Mostly,banks dont accept bitcoins as they see it as their main rival.But for the first time,Digital bank Web21 has announced that it will accept bitcoins.Its customers can sell bitcoins and immediately transfer it into any one of the 18 currencies available.Banks cannot avoid bitcoins totally in future.They have to accept it as payment due to market pressure.They have to facilitate their customers by any means and for that,every bank has to accept bitcoin in future.

[DoublerHunter]

I don't think that there is an available bank that accept bitcoin as their payment option in doing deposit or withdrawing our stored money. Banks are owned by the government and the government also want to control everything so bitcoin doesn't suit to their wants so they didn't accept bitcoin into their zone and rejected it and that is what banks are doing as of now.

[Blackdeath]

You can always get around the fact that banks don't "accept" bitcoins, if you plan on saving your bitcoins to use way down the line in the future.  You can print off a cold storage paper wallet or get some physical bitcoin wallets and continually keep depositing your funds in there, which you can store in a safety deposit box for high security that no one can steal it from you or have something bad to it.  Could be a good option if you don't own something like a really nice safe.

Bank is way different on the bitcoin system, because there is a legal matter on transaction through bank which is a system of profiting and engaging money through projects. But for bitcoin we are the one who is capable on managing our transaction with a high security because it is not known by others. So if accepting bitcoin is the matter for bank I guess it is not possible for now because as we all know bitcoin transaction is not legalize on the matter that it does not have tax. So the move of price always depend on the demand and the stock of bitcoin which I thought way more better than most of the bank system.

[krisnt80]

Banks are the main industry that mooves the economy of each countrie since all transactions are made from and with them, companies hasnt any option outside them to make their deals and protect their money.

Bitcoins wont be working with banks, until the countries figure a way to tax the crypto world, as well banks with their fee, nowadays if you go to your bank and let they know you wanna become a trader they will support, because they thing you going into forex and trade currencies, if you say you wanna go crypto world i dont know but im pretty sure they will warn you that you can loose those money.

[deisik]

Banks are the main industry that mooves the economy of each countrie since all transactions are made from and with them, companies hasnt any option outside them to make their deals and protect their money.

Bitcoins wont be working with banks, until the countries figure a way to tax the crypto world, as well banks with their fee, nowadays if you go to your bank and let they know you wanna become a trader they will support, because they thing you going into forex and trade currencies, if you say you wanna go crypto world i dont know but im pretty sure they will warn you that you can loose those money

I don't really know how bitcoins could be working with banks

But if you actually meant to say that it is banks that are not going to work with bitcoins because governments can't figure out a way to tax the cryptoworld, then I can't possibly agree with that. First, banks starting to accept bitcoins may exactly be the way how governments are going to tax bitcoins. And, further, governments don't need to tax bitcoins specifically. People here seem to be obsessed with the idea that governments are searching for opportunities to tax, for example, Bitcoin transactions. But why would governments ever want that? At max, they might want to tax profits earned via bitcoins but they don't need anything special for that since they basically already have everything in place (see income tax)

[neonshium]

OP asked a good question but I think it has been answered many time. so no need to say anything about this.
anyone know this..
but I would say it could be nice if bank accept bitcoints somehow.

[Farma]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

[poplolnman]

Banks are the main industry that mooves the economy of each countrie since all transactions are made from and with them, companies hasnt any option outside them to make their deals and protect their money.

Bitcoins wont be working with banks, until the countries figure a way to tax the crypto world, as well banks with their fee, nowadays if you go to your bank and let they know you wanna become a trader they will support, because they thing you going into forex and trade currencies, if you say you wanna go crypto world i dont know but im pretty sure they will warn you that you can loose those money

I don't really know how bitcoins could be working with banks

But if you actually meant to say that it is banks that are not going to work with bitcoins because governments can't figure out a way to tax the cryptoworld, then I can't possibly agree with that. First, banks starting to accept bitcoins may exactly be the way how governments are going to tax bitcoins. And, further, governments don't need to tax bitcoins specifically. People here seem to be obsessed with the idea that governments are searching for opportunities to tax, for example, Bitcoin transactions. But why would governments ever want that? At max, they might want to tax profits earned via bitcoins but they don't need anything special for that since they basically already have everything in place (see income tax)

that's true , and yeah i think the problem aren't on how bitcoin couldn't be / hard to taxed. people should really know how bitcoin works and then they would know that bitcoin invented as banks alternative / revolution. then how could a banks accept bitcoin ? idk. digital bank might could accept it and i guess some digital banks have done this.

[TIDOVEE]

 link=topic=1288238.msg18548951#msg18548951 date=1491932155]
I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.
[/quote]

how would you expect banks to accept and welcome their rival? bitcoin has come to contend with bank.but for now bank is needed to convert bitcoin into fiat.

[itzong17]

Bitcoin is not just a money but a commodity.. Main reason why we need cash because we're using it to buy and sold items. We need banks because we deposit and withdraw money and were in the era of paper cash. Someday bitcoin will recognize and it's a peer to peer virtual transaction.

[BCTBF]

I do not know whether the bank accept bitcoin or not, but I think the bank does not accept bitcoin, because I think bitcoin is still illegal in many states.

[whizter]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

to me i think until the governments will not consider bitcoin as legal currency, banks will also not accept bitcoin, they can take any decision about bitcoin until government will consider bitcoin as legal currency of the world.

[erickkyut]

I haven't heard of any banks that accept Bitcoin. Bitcoin is a digital currency and not a physical money. As far as I know, the things they accept in the banks should have physical appearance such as fiat and gold. Aside from that, bitcoin is now a competitor of the banks.