Bitcoin wallet in bank?

[rickadone]

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.

I am also preferring to have bank and bitcoin wallets separately, mixing them will not give me any advantages in my opinion too. Moreover by having them together, I will be forced to lose some of my financial freedom, I am right now enjoying with bitcoin wallets.
Really, I could not speculate what is the advantage by having bitcoins wallets within bank accounts.

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[randy8777]

Its a bad idea because people are using bitcoin wallet for ease. Every person using bitcoin have their own wallet so why would they go to the different banks for their wallet if they can use these bitcoin wallets easily without any interference of banks. It is not convenient to use bitcoin wallets of different banks.

Yeah this is hassle if bitcoin wallets are going to be provided by the banks and for sure they are going to be able to manipulate our bitcoins if we are going to let the bank provide bitcoin wallets for us. And I don't think that the banks are going to get interested for bitcoins for the government is not able to control the value of it.

it's not only a hassle, but it's also not needed. why would you store your precious coins in a bank when you are your own bank with bitcoin? isn't this the reason why we as bitcoiners like bitcoin so much? we are finally the only entity with control over our wealth. i wouldn't want banks to incorporate bitcoin. i like how bitcoin is right now.

[BitcoinHodler]

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.

I am also preferring to have bank and bitcoin wallets separately, mixing them will not give me any advantages in my opinion too. Moreover by having them together, I will be forced to lose some of my financial freedom, I am right now enjoying with bitcoin wallets.
Really, I could not speculate what is the advantage by having bitcoins wallets within bank accounts.

mixing these two doesn't even make any sense. they are two completely different things. although both are used to keep money but they are so different at the same time.

with banks you are keeping your fiat and you give possession of that fiat to the bank to hold on your behalf which is based on trust. and they handle everything like transactions.

but with bitcoin you should be your own bank and if you want to give up that power (being your own bank) then i don't see any point in using bitcoin anymore.

[botany]

Its a bad idea because people are using bitcoin wallet for ease. Every person using bitcoin have their own wallet so why would they go to the different banks for their wallet if they can use these bitcoin wallets easily without any interference of banks. It is not convenient to use bitcoin wallets of different banks.

Yeah this is hassle if bitcoin wallets are going to be provided by the banks and for sure they are going to be able to manipulate our bitcoins if we are going to let the bank provide bitcoin wallets for us. And I don't think that the banks are going to get interested for bitcoins for the government is not able to control the value of it.

it's not only a hassle, but it's also not needed. why would you store your precious coins in a bank when you are your own bank with bitcoin? isn't this the reason why we as bitcoiners like bitcoin so much? we are finally the only entity with control over our wealth. i wouldn't want banks to incorporate bitcoin. i like how bitcoin is right now.

For absolute newbies, banks would offer a secure place to store bitcoins. Plus they would provide insurance on deposits.
Banks accepting bitcoin would evolve and have a totally new business model.

[allthingsluxury]

I don't think you would want to trust the banking industry with your Bitcoins. They are against Bitcoin by and large, as it threatens their establishment.

[Tanic]

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 think it is pretty possible. But unfortunately in all mass of people bitcoin is still not to popular and known in general. But when it will reach that level at least in some country as United States banks probably will organize something like bitcoin wallet and will work with bitcoins as well.

[pedrog]

You can do foreign exchange and stock trade with most banks, if some bank wants to also add cryptocurrency trade it will just be a small expansion of their services.

I don't see the point of them having accounts in another currency other than the country they operate in.

[Superbitzz]

yes i am 100% sure that a time will come when we will be able to use banks for bitcoins, actually banks will accept bitcoins and they will create separate wallets for it and then we will be able to use banks for bitcoin.

[PokerFace3]

I am also preferring to have bank and bitcoin wallets separately, mixing them will not give me any advantages in my opinion too. Moreover by having them together, I will be forced to lose some of my financial freedom, I am right now enjoying with bitcoin wallets.
Really, I could not speculate what is the advantage by having bitcoins wallets within bank accounts.

You may be right, but if banks adopt bitcoin that might give bitcoin some extra boost to spread out everywhere rapidly. In other words bitcoin will get free promotions and almost every citizen of this world so that they will come know about bitcoins. But, at the same time we might need to loose some of our freedom on using bitcoins.

[Whosdaddy]

I am also preferring to have bank and bitcoin wallets separately, mixing them will not give me any advantages in my opinion too. Moreover by having them together, I will be forced to lose some of my financial freedom, I am right now enjoying with bitcoin wallets.
Really, I could not speculate what is the advantage by having bitcoins wallets within bank accounts.

You may be right, but if banks adopt bitcoin that might give bitcoin some extra boost to spread out everywhere rapidly. In other words bitcoin will get free promotions and almost every citizen of this world so that they will come know about bitcoins. But, at the same time we might need to loose some of our freedom on using bitcoins.

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.

[Superzpay]

If the banks started to adopt bitcoin then they will like to start their own wallet oin order to have control on transactions and to have a record of bitcoin users in the country. That will be a bad time as well as a good time for bitcoin users as with that some restrictions will be started from the bank and government while with that the citizens will get the guarantee of their money in bitcoins.

[xuan87]

I dont think bank is going to adapt bitcoin soon, and i think a lot of user wont be too excited about that, because the main reason the user used bitcoin is because they can hide their identity when they used bitcoin, and if we are going to store our coin in the bank of course we need the identity and all documents to open an account

[MingLee]

I dont think bank is going to adapt bitcoin soon, and i think a lot of user wont be too excited about that, because the main reason the user used bitcoin is because they can hide their identity when they used bitcoin, and if we are going to store our coin in the bank of course we need the identity and all documents to open an account

If Bitcoin ever gets to the point where a ton of people view it as a decent currency and it starts to be used a lot in daily life I would expect for there to be a number of people who would be interested in keeping their Bitcoin in a bank to avoid it being lost due to their own fault, and those who still care about security and anonymity would likely number close to where we are today. Maybe a bit more, but I don't think anyone currently using fiat currencies and don't use Bitcoin are interested in having added anonymity.

[U2]

I really hope this never happens although I'm sure some banks will try it. Why use a trustless system if you're going to trust someone with said trustless system? It's just backwards. Did you want to give the banks all of our air and we can withdraw it when we need it? Oops the bank is closed on weekends. Nice knowing you

[UnknownEye]

Its a bad idea because people are using bitcoin wallet for ease. Every person using bitcoin have their own wallet so why would they go to the different banks for their wallet if they can use these bitcoin wallets easily without any interference of banks. It is not convenient to use bitcoin wallets of different banks.

I think just like you said,the purpose for satoshi nakamoto for creating bitcoin is for freedom.Like we all already know,now the money that we using in our real life is controlling by central.Bitcoin is the coin that exist for fighting this type of money.Just see today,1 bitcoin is worth more than a hundred dollar.

[Dudeperfect]

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?

[pooya87]

there is already a couple of banks accepting bitcoin, one of them is called Coinbase. you think it is a wallet? think again.

you are giving up all the control over you bitcoin just like with banks and fiat and they hold your coins for you, they can do whatever they want with it like investing and other stuff again just like banks. the only difference is that banks give you a profit but coinbase doesn't.

[bhadz]

there is already a couple of banks accepting bitcoin, one of them is called Coinbase. you think it is a wallet? think again.

you are giving up all the control over you bitcoin just like with banks and fiat and they hold your coins for you, they can do whatever they want with it like investing and other stuff again just like banks. the only difference is that banks give you a profit but coinbase doesn't.

I don't know that coinbase is a bank. I know that it is just a bitcoin wallet provider and also using blockchain technology. I don't believe that coinbase is a bank or maybe you are referring to coinsbank? But if this is going to happen the bitcoin wallets are being provided by the banks, well another high fees we are going to shoulder.

[Rizky Aditya]

Bitcoin is decentralized. If you stored your Bitcoin in a bank, you give them control and that takes away the point of Bitcoin. Just store it yourself and you will be much safer.

[dreamer81]

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.