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Author Topic: Bitcoin wallet in bank?  (Read 6573 times)
danherbias07
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September 24, 2016, 08:43:41 PM
 #81

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.

I think it is because of the scams that are happening. We tend to go back to those industries that serves for protecting your money and those are banks. With its history of being a good storage place, some thinks it will be better there. Problem is there is no physical thing is seen with bitcoon.

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pearnapple
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September 24, 2016, 11:24:44 PM
 #82

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.
thats true, it is really cool that we dont need banks when using bitcoins, i think that bitcoin wallet is the best

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September 24, 2016, 11:29:48 PM
 #83

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.
thats true, it is really cool that we dont need banks when using bitcoins, i think that bitcoin wallet is the best

Bitcoin is already decentralized currency, so basically we don't need banking accounts when we use it, unless if you need to convert your bitcoins into fiat .
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September 24, 2016, 11:30:04 PM
 #84

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.

I think it is because of the scams that are happening. We tend to go back to those industries that serves for protecting your money and those are banks. With its history of being a good storage place, some thinks it will be better there. Problem is there is no physical thing is seen with bitcoon.

The banks has a limit protection to your account as well, as i know and there are already several wallets providers that allow each of us to save and protect the coins. I really dont see why i should trust my bitcoin into the bank and became dependent from rules of banks and countries again. And scams will steal your coins only if you dont care about the security of your coins.


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sbtctalk
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September 24, 2016, 11:31:42 PM
 #85

Bitcoin wallet and keys in a private vault in the bank - absolutely possible. But whenever I need to sell my coins, I need to go to the bank's vault, go through security checks, scan the keys, do the transaction, then put the keys back into the vault again.

Unless I have 1000 BTCs, I won't do that.

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nejibens
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September 24, 2016, 11:53:46 PM
 #86

Bitcoin wallet is already a lot better than banking account, you can hold your coins and making your deals without having to pay monthly or yearly taxes and fees.
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September 25, 2016, 01:30:34 AM
 #87

Bitcoin wallet is already a lot better than banking account, you can hold your coins and making your deals without having to pay monthly or yearly taxes and fees.

Most bank accounts have low/ no fees. And they also pay interest.
Plus they are insured (to a certain extent) against losses.  Wink

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September 25, 2016, 01:37:06 AM
 #88

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.

If this give benefit to both bitcoin wallet and bank, why not ? I'm sure bitcoin wallet in bank is really good idea, many people will use it for sure, because it's more safe to place your bitcoins at the bank.
tbterryboy
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September 25, 2016, 12:00:45 PM
 #89

Bitcoin wallet is already a lot better than banking account, you can hold your coins and making your deals without having to pay monthly or yearly taxes and fees.

Most bank accounts have low/ no fees. And they also pay interest.
Plus they are insured (to a certain extent) against losses.  Wink
The interest rates that banks are paying world wide is almost nothing when comparing against the returns we could get from bitcoin investments. Moreover in some countries, banks are having negative interest rate.

Even banks are having insurance for our savings/investment, bitcoin is more safer than banks as it is highly protected against robbery/hacking if we follow proper measurements.


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ajun96
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September 25, 2016, 12:40:10 PM
 #90

in present time i think there is not a sing bank where they accept bitcoin and have wallet for bitcoin but i am hopeful that a time will come when we will be really use banks for bitcoins withdrawal or bitcoin deposits.
although I wanted that to happen but I think it would have sounded impossible to occur. when you can use bitcoin bank and simultaneously because of the existence of a relationship, there may be no exchange sites anymore, because you can easily withdraw to the bank.


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September 25, 2016, 12:45:10 PM
 #91

There are allot of ways to store your bitcoins but i dont think banks where you store your money dont want to accept the bitcoin also because the have nothing to do with bitcoins and they are not really popular by the authorities.
banks are easy to use like bitcoin wallet does and it has more future than bitcoin , you can loan item or installement item using bank accounts but bitcoin does not i think banks are more reliable than bitcoin and has more potential to grow than bitcoin if bitcoin will accepted on market or we could use it to pay online then i will choose bitcoin

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September 25, 2016, 05:40:51 PM
 #92

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.

If this give benefit to both bitcoin wallet and bank, why not ? I'm sure bitcoin wallet in bank is really good idea, many people will use it for sure, because it's more safe to place your bitcoins at the bank.

It is not going to happen either that banks are going to make service for bitcoins. because they are seeing it already as a threat to their business. But if they are going to have good and knowledgeable manager for sure they are going to suggest this to their investors and as well as at the same time you are going to earn higher too.
I think here in my country they are already business partner bitcoin and banks.. they are perfect couple because you can anytime withdraw your earnings into bitcoin unlike before that we need a buyer or exchange site to sell our bitcoins before you can send the payment to western it takes a long time before you can get unlike instant..


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20kevin20
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September 25, 2016, 05:46:52 PM
 #93

No, banks never liked anonymity so Bitcoin is like their enemy. Bitcoin cannot be taxed, Bitcoin is very very hard to be tracked. Maybe there will be an Bitcoin institution one day, like a bank just for Bitcoin where you can open your own wallet, and have ATMs everywhere around you. That'd be nice.
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September 25, 2016, 06:25:05 PM
 #94

No, banks never liked anonymity so Bitcoin is like their enemy. Bitcoin cannot be taxed, Bitcoin is very very hard to be tracked. Maybe there will be an Bitcoin institution one day, like a bank just for Bitcoin where you can open your own wallet, and have ATMs everywhere around you. That'd be nice.

Actually, Bitcoin can be taxed, but only if the person in question declares his/her coins. If you don't declare your coins, there is nothing to be taxed.

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September 26, 2016, 12:57:53 AM
 #95

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.

If this give benefit to both bitcoin wallet and bank, why not ? I'm sure bitcoin wallet in bank is really good idea, many people will use it for sure, because it's more safe to place your bitcoins at the bank.

It is not going to happen either that banks are going to make service for bitcoins. because they are seeing it already as a threat to their business. But if they are going to have good and knowledgeable manager for sure they are going to suggest this to their investors and as well as at the same time you are going to earn higher too.
I think here in my country they are already business partner bitcoin and banks.. they are perfect couple because you can anytime withdraw your earnings into bitcoin unlike before that we need a buyer or exchange site to sell our bitcoins before you can send the payment to western it takes a long time before you can get unlike instant..

I don't think the banks are able to have partnership with bitcoin because of its anonymity and they are treating that as threat to their business. But that is the only way so that they are not going to have competition in the market with financial management. And that is going to be a good move by the bank to reduce the risk and threat to their business.

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September 30, 2016, 02:07:00 PM
 #96

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?
I doubt, Bitcoin is so different that I doubt any old fashion bank will adopt it in the current time, If bitcoins do go that mainstream there will be new banks for it I think rather than the traditional ones.

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October 04, 2016, 03:45:44 PM
 #97

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.
Yes, definitely banks with the bitcoin wallet will complicate the system, what we are having right now. It will greatly affect the convenience we are having while dealing with bitcoin wallet. In my opinion banks are too cruel, they will impose unnecessary rules and regulations that will affect our privacy and freedom. I really do not want banks to adopt bitcoin.

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October 04, 2016, 03:48:20 PM
 #98

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?
Coinsider CoinBase. Wink

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October 04, 2016, 03:54:26 PM
 #99

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?

How can that be possible? Bitcoin is independent, but not something that can be controlled by an authority like a bank, how can banks give their clients bitcoin wallets or something like that while they can have no access on them? When someone can save their bitcoins on their on computers or mobiles why would they prefer a bank for it to make it known to all that he has bitcoins?
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October 04, 2016, 04:07:04 PM
 #100

Bitcoin wallet is the bank, that is the idea. If you think about bitcoin bank, that will hold our bitcoins, give us credits and other benefits we need to receive salaries in bitcoins, and that is probably far away.
Now situation is good for me, I keep my coins, I know how much I have and how much I can spend. I wouldn't like banks to get into bitcoin. They ruin everything they touch, so best would be they to stay away from blockchain.


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