Bitcoin in the banks?!

[23dzmaz]

Is it possible that Bitcoin can be deposited in the banks in the near future? I mean like any other currencies that can be deposited and withdraw in the banks.

Well, maybe it will happen if all people around the world accept bitcoin. Bank will accept bitcoin because all people use it, i'm sure it will happen someday.

[jak3]

why should we deposit it to a specific place when we have portable online wallets and portable hardware wallets. we have already seen what banks do with our deposited money and now we are using bitcoin where we have 100% control over our coins.

[Darwin02]

Is it possible that Bitcoin can be deposited in the banks in the near future? I mean like any other currencies that can be deposited and withdraw in the banks.

It's already happen here in the Philippines you can widraw your money using your bank account and you can also deposit in your bitcoin using your bank acount. We're happy many now have done in the Philippines using bitcoin. If you know coins.ph 😉

Actually, that is really not the case. You still have to convert your bitcoin to fiat, in this case, Philippine peso, before you could transfer it to your bank account. There's still a great deal of involvement of the fiat with bitcoin transactions. Banks could also offer the same thing but they might charge an extra for their bitcoin services, much like what they are doing with other currencies like the dollar and the yen.

In just case if you want to widraw your money  send it to your bank account and need to exchange to Fiat if you don't want to change your bitcoin stay it in your wallet.

[KingdomHearts]

Yes it is possible that bitcoin can be deposit in the bank in the near future , then bitcoin can be get more popularity in the world and then more maximum people get interest to invest their money in bitcoin and i hope then bitcoin will more increase its price.

[TastyChillySauce00]

why should we deposit it to a specific place when we have portable online wallets and portable hardware wallets. we have already seen what banks do with our deposited money and now we are using bitcoin where we have 100% control over our coins.

because you'll sometimes need fiat on this world which bitcoin still not accepted that much and on limited condition,bitcoin will only available if there's internet but with cash you can take it everywhere,so just find whether using bitcoin or fiat depend on condition,and bank can't do anything with your money if you don't break any rules and government just not touching your money

[coinzat]

it may happen in the future, why not ?
but I do not see any point from doing so because bitcoin was created to remove any kind of middleman so why we need to go back to it ?

[Mandoy]

Is it possible that Bitcoin can be deposited in the banks in the near future? I mean like any other currencies that can be deposited and withdraw in the banks.

That is possible. SImple logic will do. They will accept bitcoins and offer interest then they will give loans in form of bitcoins. Simple as that.

[Jimbola3]

Is it possible that Bitcoin can be deposited in the banks in the near future? I mean like any other currencies that can be deposited and withdraw in the banks.

That is possible. SImple logic will do. They will accept bitcoins and offer interest then they will give loans in form of bitcoins. Simple as that.

yeah but i think its better if we could take bitcoin as goods rather then currency !

[danherbias07]

Is it possible that Bitcoin can be deposited in the banks in the near future? I mean like any other currencies that can be deposited and withdraw in the banks.

Good question. Someday maybe. I see a bank which you can withdraw your bitcoin in exchange for fiat. But I dont really know maybe it is just the online wallet who is using them and that certain website is just the one getting the bitcoin. Which they have an account to that certain bank you can withdraw into. Ergh I am having a problem explaining it. But the thought that it might have some chance in the future is there.

[Cresciuanto]

in present time it is not possible to deposit or withdraw bitcoin from a bank. but i am hopeful that in future it will be possible to keep bitocin in banks.

[Vikingr]

in present time it is not possible to deposit or withdraw bitcoin from a bank. but i am hopeful that in future it will be possible to keep bitocin in banks.

But indirectly it is possible with exchanges, in a number of exchanges we convert our money to fiats and then withdraw them to our banks to our accounts, I think that is the example of withdrawal of our bitcoins to our banks.

[sana54210]

why should we deposit it to a specific place when we have portable online wallets and portable hardware wallets. we have already seen what banks do with our deposited money and now we are using bitcoin where we have 100% control over our coins.

because you'll sometimes need fiat on this world which bitcoin still not accepted that much and on limited condition,bitcoin will only available if there's internet but with cash you can take it everywhere,so just find whether using bitcoin or fiat depend on condition,and bank can't do anything with your money if you don't break any rules and government just not touching your money

It's not just 'someday'. I think there are going to be bitcoin banks in the near future since I've seen many articles that some banks are actually working on adopting bitcoins into their system, if not, are developing a way of making a bitcoin bank. I think that's a good idea, since all transactions are going to be in public and we can always keep track of what or where our coins are.

[skyway1]

in present time it is not possible to deposit or withdraw bitcoin from a bank. but i am hopeful that in future it will be possible to keep bitocin in banks.

you are right in present time it is not possible to deposit bitcoin from bank, i think it will be take too long time and if bitcoin possible in the bank then i hope so that bitcoin will be most powerful currency in the world and then everyone invest their money in bitcoin and more people get awareness about bitcoin and i hope  we will soon see it happen in the future .

[amine14madrid]

in present time it is not possible to deposit or withdraw bitcoin from a bank. but i am hopeful that in future it will be possible to keep bitocin in banks.

you are right in present time it is not possible to deposit bitcoin from bank because it will be take too long time and if bitcoin possible in the bank then i hope so that bitcoin will be most powerful currency in the world and then everyone invest their money in bitcoin and more people get awareness about bitcoin and i hope  we will soon see it happen in the future .

I don't think this will be viable for the banks for one simple reason - the very fluctuating price of Bitcoin will cause a constant loss of money when the value dips so they won't want to risk it with such a highly volatile asset like Bitcoin. It will be pretty much a gamble every single day and I don't think banks would want to deal with volatile digital currencies like Bitcoin. Also it would be very hard to calculate people's account balances in real time as the Bitcoin's price can jump up and down for dozens of dollars every minute or so.

[pearnapple]

in present time it is not possible to deposit or withdraw bitcoin from a bank. but i am hopeful that in future it will be possible to keep bitocin in banks.

of course it is not possible right now and i doubt that it will be possible in near future, to be honest banks dont like bitcoins at all thus they will not want to accept it

[BitcoinPaw]

It's impossile right now till bitcoin is not legal currency in at least one country like USA, China or Europe Union. When bitcoin will be accepted it also will be added in banks.

[hermanhs09]

I think that if we would have BTC in banks,it could be a little bit dangerous.
Because btc is really easy to invest actually,or to trade it.
If you would loan BTC from bank,and some scammer site would take it away,bank would be a problem for  you i guess.
So it is not good for me,but it may be an interesting idea.

[outatime1]

I think it could be done, but it sort of goes against the independence of bitcoin. One of the reasons it was created was to avoid control by banks and governments. I think many people would not want to trust the banks with their bitcoin.

[Doamader]

I understand your question but blockchain its already my bank, i dont need the real ones to hold my bitcoins, if i die i will let the keys to my childs being a huge ammount or not the bitcoin will be for them, if i die and my coins at the bank, they will charge a % to my childs has plenty acess to my funds.

[gilangIDR]

I think it could be done, but it sort of goes against the independence of bitcoin. One of the reasons it was created was to avoid control by banks and governments. I think many people would not want to trust the banks with their bitcoin.

yes bitcoin is different from the bank. bitcoin stands alone as a different currency. until whenever conventional banks can not unite with bitcoin. someday bitcoin will create its own bank. The bank's name is BANK Bitcoin.