Does any bank accept Bitcoin?

[Ulticon]

I don't know may be there are some of those banks anywhere in the world

[Bacotan Bae]

I'm not sure that banks are willing to accept bitcoin, we all know that bank interest is not more than 12% per year while bitcoin prices can rise 50% in a day, surely this will drop the credibility of banks if there are investors who complain.

[echo11]

To the best of my knowledge no bank accepts bitcoin. Banks are controlled and regulated by a central authority called central bank which formulate and force monetary and fiscal policy on to the banks under central bank for the proper functioning of and facilitating the flow of fiat currencies. Since bitcoin is decentralized digital currency and it doesn't have any authority or isn't controlled by anyone so I doubt if any bank will ever accept bitcoin.

[IsabelCornd]

Banks probably don't accept any cryptocurrencies because they are decentralized and banks are not getting profit from it. I am not so good in this case but think this way.

[arienna23]

Most banks don't accept bitcoins instead if you want to exchange bitcoins in banks that means you are willing to pay a high amount in bank exchange rates.

[erwin_ibrahim]

in my country there is still no bank that received bitcoin. and still can not accept the bitcoin as a whole may have to wait the next few years ..

[baphehiten123]

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[RuslanSamui]

Hello everyone, now I live in Thailand, so here you can safely go to the bank and buy bitcoin and sell, too, you can

[rinkeshkashyap01]

No, so far nothing has been heard that no bank has accepted Bitcoin. In India, it has been stopped. If that happens then it is very good.

[Denigmatic]

The bank that takes bitkoyn is the least likely, because it will deny the whole concept of bitcoins. Banks are centralized, and bitkoyn decentralized, you know? They contradict each other

[RyanMarz]

Did you find an answer? I really know that there are countries in Latin America where they say that there are ATMs that are available for bitcoin, exchange or transactions with this virtual currency, but I do not have much information about that.

[laryillary]

Nobody likes the word "bank" in the crypto world, because it is associated inevitably with fiat money and draconian loans. The most interesting thing is that in the real world banks face similar scalability problems. By giving our money to the bank and using a plastic card for payments, the bank does not transfer money to another bank immediately, but issues a debt note and conducts a mutual settlement later.
This scheme perfectly scales, but to apply directly to Bitcoin, of course, we have no desire. The main problem: if a bank does not have a debit with a loan and the bank expects a collapse, then we will not get any Bitcoin from it. And this is exactly what we want to avoid, using Bitcoin. Our money must remain with us and be safely preserved.

[Haywhy1]

Currently no banks accept Bitcoins in its form. They trade/transact in government backed fiat currencies only.

Although Bitcoin is a legal payment tender in some countries. Your traditional banks do not directly deal with Bitcoin. There might be some intermediary who convert Bitcoin to local currency and vice versa.

Secondly Bitcoins is against the concept of centralised authority in charge of your money. If you need a bank to park your money, you do not need Bitcoin.

[cordlesslake]

I go to Europe for work and as far as I know no bank accepts btc directly. There are banks that allow you to do operations on cryptocurrencies, always set in fiat, and some that when they realize they ask you a thousand questions.

[Titanos]

I din't there are banks accepting directly Bitcoin but some banks accept bank transfers coming from cryptocurrencies exchanges.

[serenacalce]

I've never heard of this one, but how come that there would be an ATM machine if there is no bank, I mean, who would supply the money on that certain ATM, right? Correct me if I am wrong. It might be hard if it would be that mere ATM processing and managing bitcoins and fiat on it, maybe there is a "Bank" that is supplying that ATM that you were saying, or a company maybe.

Right now, banks that accepts bitcoin doesn't exist, maybe on the next years there will be some banks that will accept bitcoins, but I don't think that investing bitcoin on the Banks is a good idea, I would prefer storing it on my wallet and wait for its price to go up, to have bigger profits than investing in the banks, if there would be.

[felmitof]

Banks do not accept bitcoins, they do not want to change bitcoins in the banks, which means you are willing to pay a high amount to pay at the bank exchange rates. Always make sure your wallet converts your bitcoin to a bitcoin currency value without any problems.

[#luka]

In my country, banks do not take bitcoin. I think that this is due to the fact that there is still no law on crypto-currency. The government did not recognize bitcoin and banks can not use this asset.

[#polonez]

As of the moment, I think there is no bank that accepts bitcoin. Bitcoin was created for its anonymity and it woud defeat its purpose if banks accept bitcoin.

[queenlaurel]

None that I know about or have heard of. Well not where I am from. What would they need to do anyway? You can secure your own coins if there should be a bitcoin bank then it has become a third party thing and it wont be anonymous anymore.