Does any bank accept Bitcoin?

[shinjunobi09]

Apparently none if you are referring to accepting as savings deposit know because something like is not going to pass their Know Your Client (KYC) policy because banks are very strict in their clients source of income because they don't to get penalized by their central banks especially because of this scammers why banks are strict to these. Well in our country there are banks where we can cash out our bitcoins there.

[DoublerHunter]

I don't know any bank accept bitcoin in India any bank not accept bitcoin

This is not just in your country but the same situation is prevailing in many countries, even in the developed countries there is no bank which is going to accept bitcoin at present because banks are working in a direction opposite to banks. Banks are not decentralized but bitcoin is and people are using bitcoin just because bitcoin is highly decentralized. I don’t think so this is going to happen soon.

Bitcoin will not be going to be accepted in any banks because it is decentralized and it is also volatile so there is no reason for the banks to just accept bitcoin because it will be very risky for them to deal with the volatility of bitcoin because they just might lose a lot of money in just accepting bitcoin as a deposit in their banks.

[Austrin]

Yes usa bank accept bitcoin . My brother live in usa and he use bitcoin with his bank account.

[Tapyaks72]

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.

Many banks here in our country who was accepting bitcoin by exchanging to cash, beside from that here our country I was heard on TV news that Local media has reported that the Philippines central bank has approved to recognize and regulate virtual currency exchanges earlier this year on august 21, 2017 so far its is the good news on us bitcoin users. In this way even Philippines now was trying to accept digital currencies that leads more popularized bitcoin.

Yeah the central bank of the Philippines is now recognizing Bitcoin as new innovation that would help to a faster and economical way of money remittances
and even creating a policy that would regulate and protect Bitcoin operators  from criminal activities. this is a welcome development to all Filipino because lot of them working outside there country.

[sidebyside]

I find that no bank accepts bitcoin at present. if bitcoin is accepted with bank. It must depend on the government and be taxed. However, I find that the bank accepts bitcoin as possible in the future

[Morgann]

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 philippines they dont accept bitcoin badly. maybe they dont know yet bitcoin maybe in the future they will make an institution for ebracing the bitcoin.

[tientien4]

There are banks that accept bitcoin
In my opinion, bitcoin is not cash, not a money transaction but a virtual currency for it. It is not accepted by banks or bitcoin in banks.
Bitcoin is a virtual currency that can be exchanged for cash in banks and then deposited in a bank

[dificanovi]

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 are banks that receive bitcoin in this world, but in my country there is no bank that received bitcoin. I hope the banks in my country can accept bitcoin.

[ShiroThe5th]

i heard here their are some banks in the world accepts bitcoin. but i don't know what the company names, it's better to search the banks that accepts bitcoin.

[adamvp]

I don't know if it was mentioned before; but there is a project called Bankera from spectrocoin.com
They are going to provide banking on blockchain.
In days a second ICO will start.

[Joriecoinbit]

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 philippines they dont accept bitcoin badly. maybe they dont know yet bitcoin maybe in the future they will make an institution for ebracing the bitcoin.

It's not that the banks don't know anything about bitcoin. All the banks here in Philippines were not accepting bitcoin, simply because it is not being legalized in our country and it might be used in illegal activities. Although the Central Bank of the Philippines release a statement regarding the rules of bitcoin exchanges. See here: https://www.coindesk.com/philippines-just-released-new-rules-bitcoin-exchanges/

There are banks that accept bitcoin
In my opinion, bitcoin is not cash, not a money transaction but a virtual currency for it. It is not accepted by banks or bitcoin in banks.
Bitcoin is a virtual currency that can be exchanged for cash in banks and then deposited in a bank

It is really obvious that bitcoin is not a cash. And as far as I know, you can't exchange your bitcoin into cash nor deposit it in a bank. Maybe you want to read some article about bitcoin here: https://www.coindesk.com/information/what-is-bitcoin/ since your a newbie in this forum. Just give it a try, it may help you to be more knowledgeable about bitcoin.

[RajaJudi]

There are many banks in the EU accept BItcoin. If you live in Europe, I can say that you are living in the paradise of bitcoin and the cryptocurrency. More than banks, there are many stores and places where you can use bitcoin to buy things and goods. In the US, you can even buy cars with bitcoin. IN Dubai, retailers accept bitcoin as a payment method for apartment

[Weaklies]

I have no idea about this. Because I'm new I have not done any work in Bitcoin. This relationship will give me any idea what?

[Zigzagkuy]

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 do not think there will be any bank / financial institution that will accept bitcoin. because bitcoin is very unstable and opposite to the bank. So it's hard to make it real. And also bitcoin has not been legal in many countries.

[Bioneum]

It really depends where you are located, but here is one: https://nexchange.com/article/3030 Barclays.

[Tashi]

Citibank wanted to develop their own digital coin, I don't know if it will be tradable for BTC. I heard Barklays was also thinking in a possible integration. Other than that Banks accept BTC indirectly...

Some banks are also interested in creating their own blockchain ,but there is no point in it cause bitcoin is here to eliminate them and free the people from the unnecessary control's over transactions and uses.
however, all the services that the banks could offer people are already available in bitcoin world today and with much ease.

Edit : Coinbase and bitcoincryptobank.com could be the closest.(never used them though.)

Yes, there are some banks that wanted to have their own coin, but it is still questionable if it can be traded to other coins, well here in our country, I don't have any idea if the banks here are planning to have their own coins

[Bitcoinstein]

If the bank will accept Bitcoins, on what will it charge you money for?

[Stef9292]

why you did this question? For sure no, its the enemy of bitcoin. The centralized banks will never accept the scheme of bitcoin altough they will create their own crypto.

[rayneh]

There does not seem to be any bank accepting bitcoin, at least I do not know about it, bitcoin is an emerging thing after all, and banks do not allow customers to frequently roll out and switch to bitcoin every day. . .

As we realize that bitcoins was presented in year 2009 so it's no excessively old that is the reason banks are not tolerating bitcoins but rather don't be stressed in light of the fact that soon they will change their strategies yet it will require some investment and after that the banks will likewise acknowledge bitcoins and will begins saving money with bitcoins and will acquire more cash in bitcoins.

[bubble pop]

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.

Actually there is but just here in our country luckily we have it because we do not need to trade our bitcoinsor to sell it because automatically in our wallet we have an application that will let you withdraw your bitcoins in an atm machine even without atm card and I am very thankful for that partnership because even though we do not have a lot of stores that accept bitcoins at least we can easily cash out our bitcoins so we can buy whatever thing we wanted that we can afford that is why I save up all of my bitcoins because we can easily cash out with the help of that bank.