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Author Topic: Does any bank accept Bitcoin?  (Read 73775 times)
Vatonata
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October 30, 2017, 09:27:02 AM
 #1201

yes we have lot of bank you accept bitcoin Both in America and European countries.

400 European Banks Allow Direct Bitcoin Purchases in november 2014
I don't know about it. Which exactly banks?
whoisyourking
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October 30, 2017, 09:42:40 AM
 #1202

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.

In our country there are banks that accept bitcoin like security bank and convert it to our local currency without any risk. this bank also support this app called coins.ph this app website will allow you to hold your bitcoin and convert it to local currency at the same time, also allow you to withdraw in a atm machine without physical card.
manhwa
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October 30, 2017, 09:45:45 AM
 #1203

I'm not sure maybe some bank on state that legalizes bitcoin.
In my country bitcoin still not legal and no one bank accept bitcoin
Dringoliel
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October 30, 2017, 09:58:30 AM
 #1204

I do not know about that but i think it is common sense that it does not because bitcoin is created because of the fact that people do not trust banks so i do not think bitcoins are accepted by banks this way the banks would have our money and our bitcoins controlled.
atikurrahman
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October 30, 2017, 10:01:13 AM
 #1205

I have a lot of suspicion about this. According to my knowledge no bank does not accept bitcoin but there are some online banks, such as- payza, neteller, paypal, these banks accept bitcoin & exchange and.

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yoseph
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October 30, 2017, 10:03:37 AM
 #1206

I do not know about that but i think it is common sense that it does not because bitcoin is created because of the fact that people do not trust banks so i do not think bitcoins are accepted by banks this way the banks would have our money and our bitcoins controlled.
I really don't think so at all, the banking sector has strongly been against bitcoin and other cryptos from the start and they kept on saying that it is a bubble and that it is going to burst at any given moment.If it is going to burst, why then would they accept it in the first place.
wisdomcn
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October 30, 2017, 10:08:58 AM
 #1207

Well I have not non in my country and I have not heard if there is any. However I don't think that banks will accept it because bitcoin grant a degree of user anonymity is not profitable to banks and other finicial institutions intems of generating interest from user deposit.
MoneyIsDebt
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October 30, 2017, 10:10:45 AM
 #1208

didnt hear of any bank accepting Bitcoin yet.
That is not gonna happen because they have their own money, they only accept what is legal and regulated by the government.
Bitcoin as a currency cannot be regulated as banks cannot control, it will always stay decentralized and even if banks will create their own blockchain it will not beat bitcoin.

i don't think it even makes sense to have a bank keep your bitcoins, it;'s just like leaving your personal bank in the care of another bank and hoping it will be safe, why didn't you open an account with them then than setting up your own bank?
i think they will become a bridge between bitcoin and fait money because the basic need is the exchange to fiat for every customers all around the world. in some of the countries it was already declared as payment system but not a legal currency, it's a bridge for faster transaction but still it is subject to the
law of the government and there is no way it will be the same essence as legal currency and i think it would take away long for this.
marzuk
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October 30, 2017, 10:28:24 AM
 #1209

Bitcoin is the most valuable and popular online digital currency of the present. Now most banks do not accept Bitcoin but withdraw from bank. Many people and nations are interested in accepting bitcoin in order to invest a lot of Bitcoin and depend on how people earn. I think all bank will be forced to accept bitcoins in the future as the price of bitcoin is increasing and acceptance of all people.
FDC1412
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October 30, 2017, 10:47:21 AM
 #1210

I think banks does not recognize bitcoin as it is since bitcoin is a VIRTUAL currency and doesn't have a finite and defined value. But, if you already converted you bitcoin into ACTUAL money, some banks recognizes those. What i mean from actual money is a finite value or converted value of bitcoin that is in your bitcoin or virtual wallet. Some wallets have those features in which you have the choice to convert bitcoin into real currency but is saved in your wallet like a virtual ATM card.

topty11
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October 30, 2017, 11:08:36 AM
 #1211

Bitcoin will do the bank more danger. They can't withstand the risk. So it might be a long time project for them. Maybe with time they will come up to support or launch their own coins.
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October 30, 2017, 11:29:04 AM
 #1212

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 haven't seen any and think it wouldn't be appropriate for bitcoin to have a bank or to be used in the bank because it is designed to be decentralized and private plus its security features provides enough safety to be stored in the comfort of your own device or computer which although not impregnable but almost impossible to hack in to unless you are not careful.

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October 30, 2017, 11:31:41 AM
 #1213

Only high end and individual investing banks to, but honestly you don't need one. Just grab a visa card and connect it to your own exchange or wallet of choice and you're set. No need to ever deal with banks ever again.

Smith871
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October 30, 2017, 11:36:08 AM
 #1214

No not yet any bank accept directly bitcoins as a source of transaction but i think soon they  will start it .although if you  need  banks then after exchange of money then you  can use it  easily .
LordDisick
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October 30, 2017, 12:42:12 PM
 #1215

Well I have not non in my country and I have not heard if there is any. However I don't think that banks will accept it because bitcoin grant a degree of user anonymity is not profitable to banks and other finicial institutions intems of generating interest from user deposit.

Same here as far as I know banks are still not accepting bitcoin in our country and in my opinion I think its absurd because for me bitcoin doest need a bank. Also bank won't accept bitcoin because as we all know the value is fluctuating there is no permanent price of bitcoin.
UrsoNomato
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October 30, 2017, 12:52:13 PM
 #1216

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.


Neteller embraced bitcoin like never before
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October 30, 2017, 12:56:35 PM
 #1217

I don't know if your local banks would allow or accept Bitcoin for deposit but it is possible by converting your Bitcoin into cash from exchange then send it to your bank then it's up to you if you're gonna make deposit.

Zubayer
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October 30, 2017, 12:59:48 PM
 #1218

I think bank  don't accept bitcoin. Bitcoin is the main competitor for their, so they should not accept bitcoin. Bitcoin is popular in day by day, bitcoin don't need any help from other. They should accept us because bitcoin will be more popular than banks,
Konco126
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October 30, 2017, 01:00:36 PM
 #1219

I think, at this time there is no bank that embraces bitcoin in particular in my country. I can not imagine if there is one bank in my country that embraces bitcoin, it seems a very impossible thing. We know that in some countries many consider bitcoin to be illegal. But the more modern world many possibilities of bitcoin can be embrace in the bank.
francesyrus
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October 30, 2017, 01:10:40 PM
 #1220

I never heard of bank that accepts bitcoins. I only know that there are already Central Banks that are regulating the use of bitcoins. Like Bangko Sentral ng Pilipinas they are now regulating the use of bitcoin and they already consulted bitcoin professional about it. They want to tie up with some banks especially those remitting money to their relatives, they taught that bitcoin is more faster transaction and have cheaper fees.

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