I found a bitcoin bank but want to check its validity.

[sase007]

I found a site bitbank.com while fiddling with domain names through boardom. It offers 12% interest on annual fixed amounts or 0.02% daily. Is this site a scam or leitimate.

I want to know of only people who have used it or can offer advice on its validity.

[onepix]

I haven't used the site but it sounds like a scam, did they tell you how they plan to generate 12% annually?

[Amph]

it's not among these, but it can be one of those under different name https://bitcointalk.org/index.php?topic=928263

so i would avoid it like the plague

[craked5]

It's a scam. I don't know what it is and I don't care, anything giving you out 12% of interest on btc is a scam.

[mocacinno]

https://bitcointalk.org/index.php?topic=985419.0

Apperantly, it's rumored to be owned by JUA. I've heared mixed things about them.
Personally, i wouldn't use their service (to much risk of a scam/ponzi), but i guess in the end it's up to you.

[twister]

The question you have to ask yourself, can I trust this company to not do an exit scam when it has enough funds? The answer to that would be "No, you cannot", sending money to such sites is almost same as handing money to a stranger of which you know nothing about.

[NeuroticFish]

It offers 12% interest on annual fixed amounts or 0.02% daily.

You may be able to get more than that with rather small effort on Poloniex lending area. And it feels more legit too.

[craked5]

The question you have to ask yourself, can I trust this company to not do an exit scam when it has enough funds? The answer to that would be "No, you cannot", sending money to such sites is almost same as handing money to a stranger of which you know nothing about.

The question you have to ask to yourself is also "do i need a bank" and the answer is clearly no ^^

[InceptionCoin]

it's not among these, but it can be one of those under different name https://bitcointalk.org/index.php?topic=928263

so i would avoid it like the plague

Thank you, nice list.

It's a scam. I don't know what it is and I don't care, anything giving you out 12% of interest on btc is a scam.

Well Poloniex lending service with 70% atm and 20% average profit is not scam. I mean there are risks of insolvency, however you know the source of profits: traders, so at least its not a Ponzi scheme.
Bitfinex lending service is much safer(you even can see on which specificially BTCaddress your funds are, because they store it separately), but there much smaller rates: from 11% to 25% annually.

[HeroCat]

It sounds like scam site, there are a lot of many BTC scam sites everywhere. It is very hard to say is it BTC site, which offer profit or scam. 

[-XXIII-]

I don't know if I would trust this. Is the "+220,000.00BTC" raised with "+51,000" investors information that should be publicly available? I don't know, but a company that started mid-2015 that raised over 90millionUSD without anyone knowing is a little suspicious to me.

[romero121]

Most users has quoted the particular site to be a scam. So before getting into it be very cautious. I too personally have never come across such a site. Some one might enter into it searching for bitcoin as the words have close relation.

[gentlemand]

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

[Herbert2020]

even if it were not a total scam i would have suggested you to stay away from these type of services. because if they have not planned on scamming ahead, they will turn to scam sooner or later and you will be left without a satoshi and nowhere to go.

[Cyaren]

Most bitcoin banks are either not worth it for the hassle or ponzi schemes. I suggest you invest in P2P lending, much higher returns.

[ctlaltdefeat]

https://bitcointalk.org/index.php?topic=985419.0

Apperantly, it's rumored to be owned by JUA. I've heared mixed things about them.
Personally, i wouldn't use their service (to much risk of a scam/ponzi), but i guess in the end it's up to you.

I just checked the site, and see several features like interest that they offer reasonable enough, can't see any sign of scam there.
But well according to your thread that you mentioned above , i guess they are scam .
Very unfortunate their domain are really good but used for bad things .

[Patatas]

I think they're faking the stats mentioned on their website ,the collected and distributed amounts.If you look at their support and contacts section,they haven't registered themselves as a legal company to suffice the methods mentioned on the webpage.I'm not saying they're cheating or scamming people but they don't have a solid proof why we should trust them.For now I would ask you invest a small amount like very small and see they work,get to know how much they pay back based on your daily intrests .ask other investors on the same site of their experience.

[craked5]

I don't know if I would trust this. Is the "+220,000.00BTC" raised with "+51,000" investors information that should be publicly available? I don't know, but a company that started mid-2015 that raised over 90millionUSD without anyone knowing is a little suspicious to me.

Didn't see that xD

That's impossible. If that was the case that would have been known here already

[Kalamsid]

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

For the time being, the "bitcoin banks" are not regulated, so they are mostly scams. In the future, we will have proper banks.

[craked5]

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

For the time being, the "bitcoin banks" are not regulated, so they are mostly scams. In the future, we will have proper banks.

BUT WHY??

Why do people want to have banks this much?? Why would you need it? Oo