Does any bank accept Bitcoin?

[jacmarry]

None yet in my Country. The Central Bank in my Country even issued a warning about use of Bitcoin as this is not yet regulated and no studies made by the Government if they will adopt use of Bitcoin. Last of all we can say that it is risk for us.

[Wong Gendheng]

This is of course very much to look forward to, if banks accept bitcoin then it is certain that users will jump dramatically, but I think it will be difficult because banks do not want to take too risky investments like bitcoin.

[imking]

there are some banks that have received bitcoin but not all banks because there may be banks that still hesitate to accept bitcoin so that only certain banks that use bitcoin.

Fortunately, no one banks agree to take bitcoin to be deposited. If the banks accept the bitcoin so if the banks allow the bitcoin is not a decentralize because they change the scheme of the bitcoin. The banks want to track our transaction, so that happens we have only one address to identify who person gain more profits tough the bitcoin.

[jude0911]

I don't think so. Banks are looking for a currency that is stable and does not change price often.

[Quesdana]

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 know of a bank that embraced bitcoin as of the moment. I know that they are now contemplating of utilizing the blockchain technology to their advantages but they distance their selves to cryptocurrency.

[mininglegend1234]

Bitcoin is the problem of many countries are studying to take corrective measures. Throughout the study, some countries now strictly prohibit transactions; some do not recognize this as a means of payment and risk advice; Only a few countries encourage this currency. Because of the risk that some countries do not accept bank transactions with bitcoin. However, according to some news, some Swiss banks agree to use bitcoin to trade.

Well, I feel that banks and bitcoin has a reciprocal nature. in the bank, the transaction whatever you do, would be very easy to know by the bank, however, in the world of bitcoin, nobody knows you're doing sending bitcoin. but, bank, and bitcoin also have much in common, but the bank has not received for the current bitcoin.

[andika2018]

Right now, not many bank can accept bitcoin. Bank always oppose on bitcoin existing. Bitcoin existing can eliminate bank because with bitcoin we dont need intermediaries like bank and bitcoin have low fee on transaction

[hot_ads]

BTC is not supported by most Banks because the block chain technology has not been developed so far, so it is not accepted for the time being.

[zahirjan]

May be bank accepted bitcoin

[babarian]

To date no bank has received bitcoin, or any other crypto. even though his country has received bitcoin

[Ruffian14]

I think that no banks or financial institution that accept bitcoins because I believe that it will replace them in the near future. They will oppose bitcoin from its existence because they think its risky to put your money in there. But eventually, I think that they will accept bitcoin as a mode of payment and I didn't see any articles yet that banks or any financial institution that accepts bitcoin but maybe there are some already a few countries accepts it.

[raniadaling]

There are a number of banks that accept or transact bitcoin in our country, like BPI, BDO, Metrobank among others (https://localbitcoins.com/ad/49187/cash-out-your-bitcoins-bank-bpi-bdo-metrobank-all-major-banks-we-pay-fast).
Even Bangko Sentral ng Pilipinas (BSP) supports bitcoin transaction thru coin.ph app where you can buy and sell your bitcoin holdings.
https://bitpinas.com/cryptocurrency/is-bitcoin-legal-in-the-philippines/
https://coins.ph/buy-bitcoin/

Even a number of remittance centers accept bitcoin in the Philippines.

[StokaySatoransky]

I don't think there are any banks that accepts bitcoin. In our country, one of the banks here in the philippines is in partnership with a bitcoin platform. So whenever you want to convert your bitcoin to local fiat then you should go to the bank that associated with the bitcoin platform.

[Odlanyer]

Not all banks accept bitcoin because they think that they were losing because if you put your money in bank you can't anything. But not all banks still have a bank accept bitcoin.

[kimjin]

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.

[woozikai]

I can't think of any bank accepting bitcon, Bitcon is their no1. competitor. Some banks even block your account if you are affilaited with bitcoin..
So be carefull. I for one never use bitcon in the message field when i make a transfer or buy some bitcoin related gear.

[iseecrypt]

I doubt it. It will break decentralization idea..

[marjil]

Banks are a centralised trust system which goes against the whole point of bitcoin so they do not accept bitcoin.

[rapmon]

Issuing Banks are supporting new Program Managers that are entering the Bitcoin space, see Shift Payments program issued by MCB out of New York.  One line of thought is comparable consumer products; landline telephony.  There was a dramatic shift of consumers from landlines to mobile 15 years ago.  Eventually a new demographic emerged that skipped land lines completely.  In the same thought line with Bitcoin globally supported, and smart phones continuing to bridge financial service gaps, "self banking" is a reality to end consumers (non innovators).  Brick and mortar financial institutions are on the decline...  Small banks will use this opportunity to grab marketshare by playing within CFPB and OCC recommendations of OFAC and CIP.  Larger bank entities will not want to lose their market share.

Just look at the job opportunities on Ladder for example, Senior Vice President of Cryptocurrency Development.  The banks are posturing for acceptance.  Fidelity, Chase, etc... nobody is going to go in front of their Board of Directors to say we missed the boat.

This is bigger than customer deposits at your nearest Wells Fargo.

Time will tell.


EDIT:  Im in the US and grammar.

[Ayoyo]

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.