Does any bank accept Bitcoin?

[bestbiz9]

I am not aware of  any bank accepting bitcoin in there banks but already I see someATM  in the street with you can cash-in your money and buy some bitcoin but it will get some personal information and get a high fee in any transactions you have mad but at least if your a beginner you can start investing.

[Boov]

There are no banks accept bitcoin directly...

Well, There are banks in our country that ables them to change your bitcoins into cash or fiats. If you have storing application that ables you to put your bitcoins there (Like coins.ph) you can easily cash it out and get the money in some lhuiller branches (ex. Cebuana Lhuiller). But, it has charges or tax but this is quite a little bit tax. The sender is the coins.ph and the receiver id your name. But if you're saying that it is direct that Banks accept bitcoin, IT'S A BIG NO! Coins.ph is accepting bitcoin and after you store your bitcoin to that app, The app will pay the bank and the bank will give your money. That is the sequence.

[plaintiff77]

In my contry which is the philippines most or all of the bank  dont accept bitcoin.As what the Central Bank of the Philippines stated,They said that they dont recognize bitcoin its because it has no tax but their is the best wallet that you can save and cashout your bitcoin this wallet is coins.ph.I think its better to save your bitcoin in your wallet rather than in bank.

[ohzeih5n]

back is trusted third way between buyer and seller.

bitcoin mean no third between buyer and seller or No bank.
 

[Gumpfire]

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 my own personal opinion, i think there are no such banks who accepts bitcoin because bitcoin wallets can be consider as a bank to itself that you could store it for a long time and bitcoin is still not legalized by the government, but if you converted your bitcoin into cash you could really put it in the bank.

[Tatalk]

Not yet, but in the future yes. The increasing popularity of BTC is now world wide and rarely there are people who does not know about BTC, so in the coming decades it would be that much accepted by all that it will be legalized and centralized by government and banks will also starts accepting and issuing BTC. There is very latest news that in some countries, I guess in South Korea people are using BTC in online shopping and the future is not away when everyone is using BTC for having transactions.

[adadaorlina]

As far as I know, here in our country most of the banks are partnered with the bitcoin wallet provider which is coins.ph and recognizing as new innovation that would help to a faster and economical way of money remittances. But to have a direct deposit of bitcoin, I don't think there is any. Maybe in the coming future.

[maikelujang]

No. What does a bank do with Bitcoin anyways when they do have a lot of Fiat currency in hand? But some wallets handle the conversion of Bitcoin to Fiat in a way by depositing Fiat to your bank account if you are really looking for an option of banks accepting Bitcoin that is the only way around it.

[LETme]

Base on my own research theres no bank that accept bitcoin to deposit our bitcoin but we can convert bitcoin for our local currency then we can withdraw it to the bank.

[naufals4]

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 country Indonesia the bank its says trading bitcoin is illegal cause they still didn't how the bitcoin work or how to get them. just a few people know about it in here.

[congtuan001122asd]

Bitcoin is electronic money, all of it's activities and transactions are thanks to the internet. I do not think there are any banks that accept bitcoin and bitcoins also do not need banks.

[Alaminshaikh]

Actually,Bitcoin is a electronic money, and internet transactions money.I know that ,in my country do not support any bank for bitcoin.but others county I don't know.

[Thecryptocurrency09]

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.

Yes, this already takes place. It is just that they are limited enough. If I not mistaken most of the known local banks are the one who could manipulate it or do such transactions with regards to bitcoin. You just have to search base on your country. Another thing is that, it is just limited for the mean time and some countries really banned it.

[BILGPS]

If i say about my country in our country banks are not accepting bitcoin here but the exchanges are operating very good they have changed bitcoin for me and after that they transfer my dollars to the bank it is not good because for this i pay double fee and i am not earning much amount because of this if the banks allow to accept bitcoin it will be very good for me.

[btccointalk]

Till now I didn't come across any and I am sure that there is no such banks yet.

[ashfer]

As of my knowledge so far i have no idea about any banks in my country which accepts bitcoins.And don't think that there will be banks which will accept bitcoins in future as the banks always ask for personal information where as bitcoins provide high end privacy of its users and don't  provide any kind of personal information of the sender and the receiver and hence banks accepting bitcoins is not something practical .As most of the banks see bitcoins as a threat for them as more people are getting interested on bitcoins and they are investing on btc and the banks think that they will loose clients.

[CryptoClown]

They will not participate in such transactions because Bitcoin is known to be a currency used for illegal matters  In my country, there's actually a post going around that his/her bank account was closed due to transactions involving crypto currencies but I think it's been cleared few days ago and the bank account was re-opened.

[wazir101]

Bank and bitcoins are not the same thing. Physical currency and crpyto currency are two different things.You don’t need a bank to store Bitcoins.

With Bitcoin, YOU are your own bank.
YOU have to take all the precautions to protect your funds (backup and password protection and safety).
You could use a bank to store your offline wallet passphrase, though.

[seandiumx20]

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 highly doubt that any financial institution would accept bitcoin. As I can see, bitcoin is a big threat to banks. Also bitcoin is volatile so that it will be a chaos if banks would accept bitcoin as a bitcoin. I would believe if bitcoin is accepted and converted as fiat and you can now do whatever you want to your money, if you want to save it or withdraw it.

[propagate]

Goldman Sachs are opening a cryptocurrency trading desk so Wall Street are getting in on the scene now .

However the cardano project amongst many other solutions looks like the only currency really looking to bridge the gap between legacy bank systems and their blockchain ..