Does any bank accept Bitcoin?

[micher143]

There are no banks who accept bitcoin, but with the majority of banks you can withdraw money to an exchange and buy bitcoin.
I use kraken and when i want to buy bitcoins i just iniatiate a SEPA transfer and voila i can buy bitcoin.

yes, i think that is impossible to happen that bank will accept bitcoin. But you dont need to worry because if you want to still bank you just need to convert it first into other type of money bank will accept. there are many exchanger that you can use for it.

[Warry]

I don't know if are there banks that accept Bitcoin or not but I am sure, there will be because of Bitcoin's development.

[mharz]

In our country no bank can accept bitcoin, but after you converted it into our currency they accept it. In our country the problem why bank cannot accept bitcoin, it's because bitcoin was not yet establish as currency. However we were waiting that bitcoin will become legalize as currency in our country. Also, I was hoping and looking forward that digital currency will become famous to accept it by all people.

Banks have to follow the rules and regulations laid down by the government otherwise they will lose their licence of banking. Banks can accept bitcoins or any other crypto curreny only when it is legalized by the government. In my country, there is a school which accepts bitcoin as donation but due to rules, they can not accept it as fees of the student. That's why government's approval would play crucial role in coming future.

yes that is right most of the banks are bound to the government and they have to follow the rules an regulation of the government and still majority of stats are not getting agree to accept bitcoin as legal currency. i think it when government will accept bitcoin, then banks will also start accepting bitcoin in banks.

Well, In my country, there is more than one type of banks. Recent amendment in law allows us to establish digital banks (virtual bank accounts) and payment banks (having no lending, borrowing rights) etc so if government authorises the bitcoin then I am sure a bitcoin bank wouldn't be any issue to establish as some banks are already started testing blockchain technology.

Yeah, you all right guys I forgot that banks were depends to the rules and regulations given by the government. Also, I think that bitcoin was in hard to become legalize in any country or nation in the world. Because if it is happened our earning were become taxable.

[Dudeperfect]

In our country no bank can accept bitcoin, but after you converted it into our currency they accept it. In our country the problem why bank cannot accept bitcoin, it's because bitcoin was not yet establish as currency. However we were waiting that bitcoin will become legalize as currency in our country. Also, I was hoping and looking forward that digital currency will become famous to accept it by all people.

Banks have to follow the rules and regulations laid down by the government otherwise they will lose their licence of banking. Banks can accept bitcoins or any other crypto curreny only when it is legalized by the government. In my country, there is a school which accepts bitcoin as donation but due to rules, they can not accept it as fees of the student. That's why government's approval would play crucial role in coming future.

yes that is right most of the banks are bound to the government and they have to follow the rules an regulation of the government and still majority of stats are not getting agree to accept bitcoin as legal currency. i think it when government will accept bitcoin, then banks will also start accepting bitcoin in banks.

Well, In my country, there is more than one type of banks. Recent amendment in law allows us to establish digital banks (virtual bank accounts) and payment banks (having no lending, borrowing rights) etc so if government authorises the bitcoin then I am sure a bitcoin bank wouldn't be any issue to establish as some banks are already started testing blockchain technology.

Yeah, you all right guys I forgot that banks were depends to the rules and regulations given by the government. Also, I think that bitcoin was in hard to become legalize in any country or nation in the world. Because if it is happened our earning were become taxable.

Taxation is the biggest issue in the legalization of the bitcoin and trust me most of the bitcoin holders are willing to pay appropriate taxes on their earnings. They just don't want governments to control their wealth. A fair taxation infrastructure would help the domestic as well as international economy to grow. I believe that the bitcoin has that potential to boost the economic growth.

[1Referee]

and trust me most of the bitcoin holders are willing to pay appropriate taxes on their earnings.

No. I am already being squeezed out by the government when it comes to my regular salary and fiat holdings. I am definitely not going to let that happen with my Bitcoin holdings too.

They just don't want governments to control their wealth.

Whether you pay tax over your earnings or not, the government can't do anything about your wealth since its stored outside the banking and governmental system. The only downside (aside from the obvious) of declaring your earnings is that that government knows that you have X amount of coins. Every bit of information is stored for plenty of years, and will be used against you in case you happen to miss out (for whatever reason) on declaring your earnings. Best is to avoid this by NOT declaring anything at all.

[Vohoanghiep]

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.

As far as I know, only those countries where the government accepts Bitcoin will have banks accept it because Bitcoin is so difficult to control and manage so the banks are not eligible to do it.

[DoublerHunter]

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.

As far as I know, only those countries where the government accepts Bitcoin will have banks accept it because Bitcoin is so difficult to control and manage so the banks are not eligible to do it.

Banks didn't accept bitcoin because of the price volatility of it and it is one of the reason why the government doesn't accept bitcoin also because if they will accept it and invest to it then they cannot guarantee good profits because the market is not predictable so it is a high risk for them plus the market and bitcoin is decentralized so they don't have power to control it.

[northstarh]

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 yes. Because with the current Bitcoin development, many banks will accept that type of currency. Profit from transactions is not small and there will also be more types of customers subscribing to this service. But the main reason for having very few banks through this currency is that it is very difficult to manage and control. Hopefully in the future the banks will have solutions to solve this problem

[MMA]

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 yes. Because with the current Bitcoin development, many banks will accept that type of currency. Profit from transactions is not small and there will also be more types of customers subscribing to this service. But the main reason for having very few banks through this currency is that it is very difficult to manage and control. Hopefully in the future the banks will have solutions to solve this problem

i personally never heard about that that either any bank is accepting bitcoin. i think still there is not a single bank throughout the world who are accepting bitcoin but in future when government will consider bitcoin as legal currency then we can expect that banks will also start accepting bitcoin as legal currency.

[Dudeperfect]

and trust me most of the bitcoin holders are willing to pay appropriate taxes on their earnings.

No. I am already being squeezed out by the government when it comes to my regular salary and fiat holdings. I am definitely not going to let that happen with my Bitcoin holdings too.

They just don't want governments to control their wealth.

Whether you pay tax over your earnings or not, the government can't do anything about your wealth since its stored outside the banking and governmental system. The only downside (aside from the obvious) of declaring your earnings is that that government knows that you have X amount of coins. Every bit of information is stored for plenty of years, and will be used against you in case you happen to miss out (for whatever reason) on declaring your earnings. Best is to avoid this by NOT declaring anything at all.

It is a subjective term and differs from person to person. In my case, I would not hesitate to pay taxes and as you said that the government already squeezed you so you are not willing to pay taxes. I won't say someone is right and the other one is wrong here but I sincerely feel that when we live in a society, we should also realise and take the responsibilities as an individual to strengthen the society.

[ilovefeetsmell]

yeah when the government adopt the bitcoin then i hope they will allow to bitcoin in their banks then i hope they will acceptable bitcoin in banks then i am sure people will easily buy and sell their bitcoin like as USD.

For the long timeI have been working with bitcoin, I would like to say that some banks are adopting the bitcoin in our technology age so they're going with the trend. Banks accepting the reality and changes of our environment. If they continue to be an anti-bitcoin or what we say against bitcoin, bank will result in bankruptcy and no one could still stay with them with an old fashioned.  We must go with a flow and stay in on what is trend today.

[Russlenat]

There is one now I just read it here:

Global Digital Bank WB21 Starts Accepting Bitcoin Deposits

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

this is good news fellow bitcoin earners...

[hanpoz]

There is no real way to rival banks, their framework is extremely solid, nobody will loan bitcoins for more than 2-3 months max 1 year possibly, beyond any doubt banks credits and investment funds does has an immense contrast between, something at crypto we can discover better offers. Banks are brought together and center into the benefit, later on they may acknowledge bitcoin as colateral for credits or something like those, we are utilizing banks to do our exchanges with others individuals, even with they see those a bring up in the exchanges, as long they gather charges they are glad.

[iqlimasyadiqa]

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 yes. Because with the current Bitcoin development, many banks will accept that type of currency. Profit from transactions is not small and there will also be more types of customers subscribing to this service. But the main reason for having very few banks through this currency is that it is very difficult to manage and control. Hopefully in the future the banks will have solutions to solve this problem

i personally never heard about that that either any bank is accepting bitcoin. i think still there is not a single bank throughout the world who are accepting bitcoin but in future when government will consider bitcoin as legal currency then we can expect that banks will also start accepting bitcoin as legal currency.

Currently there is no bank that dare to use bitcoin. They have not dared to take the risk of using bitcoin. Because they are fraught with rapidly decreasing and rising bitcoin prices.

[babysweetTiger0401]

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.

At the present time now, there is no bank that accelting bitcoin so far.. it's only connect to merchants before it goes to bank not directly as accept as payment. Maybe in a long run it could possibly be happens.

[Sir Legend]

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 yes. Because with the current Bitcoin development, many banks will accept that type of currency. Profit from transactions is not small and there will also be more types of customers subscribing to this service. But the main reason for having very few banks through this currency is that it is very difficult to manage and control. Hopefully in the future the banks will have solutions to solve this problem

i personally never heard about that that either any bank is accepting bitcoin. i think still there is not a single bank throughout the world who are accepting bitcoin but in future when government will consider bitcoin as legal currency then we can expect that banks will also start accepting bitcoin as legal currency.

Currently there is no bank that dare to use bitcoin. They have not dared to take the risk of using bitcoin. Because they are fraught with rapidly decreasing and rising bitcoin prices.

I think this depends on Government policy, the bank is the agencies get the watchful eye because this concerns the country's economy, when the Government banned the bitcoin surely banks will rejected also.

[Kelvinid]

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 yes. Because with the current Bitcoin development, many banks will accept that type of currency. Profit from transactions is not small and there will also be more types of customers subscribing to this service. But the main reason for having very few banks through this currency is that it is very difficult to manage and control. Hopefully in the future the banks will have solutions to solve this problem

i personally never heard about that that either any bank is accepting bitcoin. i think still there is not a single bank throughout the world who are accepting bitcoin but in future when government will consider bitcoin as legal currency then we can expect that banks will also start accepting bitcoin as legal currency.

Maybe your right.Me too i still haven't heard any bank accepting bitcoins in our place,but not so sure with other countries far from us.But maybe after 5-10 years bitcoin will be legalized and banks in different countries will be accepting bitcoins as a system of payment.

[wallstone]

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 think so because if there’s a bank who accept bitcoin there a possibility that they can’t handle it.Bitcoin has no definite value so that all bank can approved it. As of now there’s no bank who accept bitcoin as deposit.But, i think in the coming future they will be a bank that can accept bitcoin as deposit of their client or costumer.

[skarais]

Maybe at this time there is no bank that received bitcoin transactions, but there is a possibility someday if bitcoin legality has been degraded there is certainly hope if bank will accept bitcoin transactions.

[Black Lizard]

I'm sure the bank will accept bitcoin, this is because the dynamic market demands so as to make the bank an appropriate policy must take the demands of the consumers.