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Author Topic: Bitcoin wallet in bank?  (Read 6573 times)
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October 06, 2016, 06:17:25 AM
 #121

It will never happen. The bitcoin currency is a competitor to the established banks as it is. It would make no sense that banks allow you to store bitcoins.

What would be possible though, is that the banks make their own crypto currencies. This would actually be very likely to happen in the near future.

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October 06, 2016, 06:24:16 AM
 #122

Bitcoin itself will gain its popularity, so there is no need of any aid from bank system. In my opinion, bitcoin is here to replace banks, so adoption of bitcoin by banks may delay that. Maybe banks will start some other services to find its way of surviving. Still, bitcoin will conquer our traditional banking system.
Your statements are really funny but unable to ignore them. Bitcoin has the power of providing free banking services to each and every human in this world, so when people realize the true potential of bitcoin they might start forgetting using bank system imho too.

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October 06, 2016, 08:14:25 AM
 #123

Bitcoin itself will gain its popularity, so there is no need of any aid from bank system. In my opinion, bitcoin is here to replace banks, so adoption of bitcoin by banks may delay that. Maybe banks will start some other services to find its way of surviving. Still, bitcoin will conquer our traditional banking system.
Your statements are really funny but unable to ignore them. Bitcoin has the power of providing free banking services to each and every human in this world, so when people realize the true potential of bitcoin they might start forgetting using bank system imho too.
Not really, most of the people will still trust bank. Bitcoin indeed has a very good system but it is not good for business who will transact with a big amount of money, bitcoin has no insurance and bank does. I do not see it will replace the current banking system. People need trust more than the system itself.

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October 06, 2016, 08:21:39 AM
 #124

Bitcoin itself will gain its popularity, so there is no need of any aid from bank system. In my opinion, bitcoin is here to replace banks, so adoption of bitcoin by banks may delay that. Maybe banks will start some other services to find its way of surviving. Still, bitcoin will conquer our traditional banking system.
Your statements are really funny but unable to ignore them. Bitcoin has the power of providing free banking services to each and every human in this world, so when people realize the true potential of bitcoin they might start forgetting using bank system imho too.

Not everyone will forget using bank system because not every people would turn their faces to bitcoin, and that is the reason why banks wont make wallets for their clients to keep bitcoins in them as bitcoin is already a threat for banking system as it is something that does not have any tax or other systems not it has any big fees or transactions or other things, so why would banks introduce a system that can challenge their priority among their clients?


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October 20, 2016, 10:32:16 PM
 #125

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

No. Bitcoin was designed to bring back the control of money back to the people. Why would you want to store your Bitcoins in a bank if for some weird reason they started to offer it for deposits. You are in effect giving them control of your money and they will start exploiting it by using your deposits and start offering "products" to businesses and borrowers.

I hope you get the whole point of Bitcoin and be on your way.
i agree with your  point. Yes, why would you want to store your bitcoins in a bank if you already has the control over it? Storing in a banks means giving them the right to take over and control of your money. plus of course, take note of the high transaction fees. Im prettyvsure if the banks will take control over it then they will probably impose high transaction fees. Who would ever want that to happen, right?
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October 20, 2016, 10:37:11 PM
 #126

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

No. Bitcoin was designed to bring back the control of money back to the people. Why would you want to store your Bitcoins in a bank if for some weird reason they started to offer it for deposits. You are in effect giving them control of your money and they will start exploiting it by using your deposits and start offering "products" to businesses and borrowers.

I hope you get the whole point of Bitcoin and be on your way.
i agree with your  point. Yes, why would you want to store your bitcoins in a bank if you already has the control over it? Storing in a banks means giving them the right to take over and control of your money. plus of course, take note of the high transaction fees. Im prettyvsure if the banks will take control over it then they will probably impose high transaction fees. Who would ever want that to happen, right?
Some people want to store their money in banks because it helps them to feel some sort of security or whatever knowing that the safety of their money rests in someone else's hands, and this can be a good thing for them (in their opinion) because it means they won't be responsible if something goes wrong and they lose their money. It makes sense in some ways, and doesn't really make sense in others.


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October 20, 2016, 10:46:56 PM
 #127

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

If they haven't yet the bitcoin wallets then I think that they are planning or have the plans how to do it, but if I would use them I don't know maybe not because they can bankrupt and freeze your funds because if they don't provide the private key means that they are holding your money.

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October 21, 2016, 06:20:39 AM
 #128

currently there is no such thing in my country because government and banks in my country only accept traditional currency such as my local currency or dollar and they hasn't admit bitcoin as the currency that's why banks will never open their bitcoin wallet even though there are several rumour banks will accept bitcoin as a part from them but untill now i didn't see that happened so for now in my country there is not possible to see banks will integrated with bitcoin

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October 21, 2016, 07:55:21 AM
 #129

That would defeat the purpose of bitcoin being a decentralized currency. What is possible is for banks to create a new product, somehow similar to bitcoin and offer it as another investment. Or they could just offer this new service to their online banking client as another added value service. But bitcoin as is being used by banks to be offered should destroy it altogether.
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October 21, 2016, 01:27:54 PM
 #130

That would defeat the purpose of bitcoin being a decentralized currency. What is possible is for banks to create a new product, somehow similar to bitcoin and offer it as another investment. Or they could just offer this new service to their online banking client as another added value service. But bitcoin as is being used by banks to be offered should destroy it altogether.

People tend to forget that bitcoins key role is that is it decentralized, with other words it's not owned by a single person or company. the moment several large entities hold many bitcoin they will be holding to much coins and that's not positive for bitcoin. Especially since we want to keep using it privately.
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October 21, 2016, 03:32:59 PM
 #131

Hopefully it's gonna be a crazy change and j am ready to welcome this change. But I think if we have bitcoin wallet in bank then they could alter my account.
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October 21, 2016, 03:50:31 PM
 #132

I totally agree with this idea. But we know the bank they wont let it happen without profit in their end. That profit is not just small for them if a lot of users will be using them as a means of a wallet. Even with small amounts they could enlarge the profits using their advertisements to pull interested people.

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October 21, 2016, 04:07:30 PM
 #133

Yes such thing can happen but for that we need a legal view of government so in other words, government must legalize bitcoin and crypto currency technology. If bank starts accepting bitcoins then it would really change the fiat and crypto relationship.  Through other point of view, what is the meaning of privacy if banks would keep record of our bitcoins?
Of course its good if Bitcoin is accepted by banks but that can only happen if the government legalized the use of bitcoin in the country. But, you should know that not all countries or government is willing to fully legalized the use of bitcoin. But that happen I think it will be a big step forward for bitcoin.


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October 21, 2016, 04:13:41 PM
 #134

This would actually be a nice conversion at this time, however the bank would probably try to charge you fees out the butt!!  The banks are only into this all for money and unless they can make a buck, they have no interest.

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October 21, 2016, 07:27:46 PM
 #135

i think bitcoin wallet is important in bank and then we can easily use bitcoin and then a lot of people will be get awareness about bitcoin and i look that many people do not know about bitcoin and if bitcoin wallet allow in bank then i hope more people will be use bitcoin and know about bitcoin .

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October 22, 2016, 01:06:05 AM
 #136

I think the best way is putting you paper wallet in a safe box in a bank if you have a lot of bitcoins.

And well, maybe split the bitcoin in various wallets for security reasons.
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October 22, 2016, 01:30:28 AM
 #137

This could happen, but as we know that Bitcoin isn't supposed to be like that. There will maybe some banks making this kind of service, but there won't be many people using it.
You can't treat Bitcoin just like an ordinary currency, Bitcoin is different.

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October 22, 2016, 01:51:51 AM
 #138

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
ofcourse , i am thinking the same thought from last 9-10 months . because i think that everyone is coming in the bitcoin world and will start new service than it may be possible a new millionaire comes in bitcoin world and make bitcoin bank where we can open bitcoin account like bank account .

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October 22, 2016, 01:59:19 AM
 #139

Why would I use bank to store my bitcoins, and why would I use them to send and receive my bitcoins?
I can do that without them, and I don't need them, all they can add is some fees and their profit on my money. Like this now it's perfect, and I think this with bitcoin bank accounts or wallets can't pass with people. Only way for me to accept this is blackmail, to make that like necessary to have if we wish to use bitcoins.

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October 22, 2016, 02:03:15 AM
 #140

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
yeah , this service is now very soon will start because the blockchain already contacted the banks of many countries ( recent days in india )  so this news directly reveals that the blockchain is looking to provide a direct fascility of use Bitcoin like fiat in bank .


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