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Author Topic: is there a kind of Bank for bitcoins ??  (Read 2085 times)
omer_parvez (OP)
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October 13, 2016, 06:02:25 AM
 #1

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??
OmegaStarScream
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October 13, 2016, 06:06:42 AM
 #2

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??

Bitcoin is all about "being your own bank" . Banks are far from being secure and safe anyway , they could get hacked while when you have bitcoins in your PC , It won't be that easy unless the hacker targets you personally . On banks case , everyone targets it (as It contains millions of dollars).
If you really want to stay safe and have much to store , I'd recommend buying a Trezor (Hardware wallet).

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October 13, 2016, 06:12:43 AM
 #3

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??

yes there is a bank (or similar to bank service) called coinbase but things you are looking for can not be found in a bitcoin bank.

you get security, protection against theft or loss if you make a wallet yourself, preferably a cold storage and you will lose all that if you use a third party service called bank!

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October 13, 2016, 06:15:00 AM
 #4

There is no any such types of banks for bitcoin where you can deposit bitcoin and earn interest over your deposits like in normal banks. And if you even find some that give interest on your bitcoin than there is high probability that such programs are just scam ponzis. And i think even normal local banks systems are not as secure as bitcoin network itself. So if you can store your bitcoin in paper wallets generated in offline mood, your funds are in very safe place but don't forget to put your paper wallet in safe, secure place to access your bitcoin in future. If you can spend few money than you can also use hardware wallet which are secure than online wallets.

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October 13, 2016, 06:27:07 AM
 #5

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??
Within your computer itself you can find all the solutions for your demands.

An encryption with strong password and 'proper' back up will eliminate your worries of theft and loosing wallets.

You can deposit bitcoins into your any bitcoin wallet and you will have safest transactions as bitcoin system is cryptographically protected.

You need to come out of your imaginations like banks only will able to safeguard your wealth. Practically, bitcoin system is more secured for your deposits than any traditional bank system.
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October 13, 2016, 06:30:04 AM
 #6

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??

I think wallet is the bank of bitcoins, but it's different from another banks we know. wallet is your own bank you can control.

but if you were asking about bank in general, I don't know. or probably you want to exchange your bitcoin to fiat?

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October 13, 2016, 07:03:10 AM
 #7

That is kind of the point of a Bitcoin wallet. Just deposit your Bitcoin into your Bitcoin wallet that you can make free online or download one if you would like. By download I mean get a software wallet, but you could also spend some money and pick up a hardware wallet.
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October 13, 2016, 07:11:34 AM
 #8

That is kind of the point of a Bitcoin wallet. Just deposit your Bitcoin into your Bitcoin wallet that you can make free online or download one if you would like. By download I mean get a software wallet, but you could also spend some money and pick up a hardware wallet.

Yes, I believe that our wallet is also our bank where  you can withdraw to spend and deposit  to received it. Thats the beauty of this bitcoin and blockchain technology where you can bring your own bank in your mobile phone or login anywhere  if you have an online wallet.

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October 13, 2016, 07:17:08 AM
 #9

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??
There is not bitcoin bank in here, I just know about my own bank and I can bought them into anywhere.... and more easy than using a bank in real account and I called it bitcoin wallet.... you can storing your money anytime and everywhere you there... and it's more on the convenient of users and it's no need a various requirement.... just downloading a bitcoin wallet for your likely platform and starting use them.... I just give a recommendation for using an offline wallet if you're wanna for storing in your pc.

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October 13, 2016, 07:27:32 AM
 #10

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??

these things you want can not be achieved using a bank or in other words a third party online (web) wallet. whenever you are giving up control over you coins to a third party you may be eliminating risks like losing wallet ,.. but you are introducing a new set of risks which are worse and these are risks like the site running away.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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October 13, 2016, 07:35:08 AM
 #11

I'm not sure why transactions from your usual wallet should be considered as not safe.
Of course it is in the users responsibility to make sure that fees and deposit address are correct.

And from all I know there are no banks that offer bitcoin wallets.
There are some banks that have partnered up with businesses that offer to buy bitcoins, but the bank itself only manages the flow of fiat and has nothing to do with the cryptocurrency in these cases.
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October 13, 2016, 07:41:24 AM
 #12

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??
I think there is no bank for bitcoin that you can deposit it. Bank of bitcoin is your btc wallet that you make. I think for your safety maybe if you earn bitcoin you can cash out it then deposit to your bank for you to not worry about your bitcoin then left some if you gonna need bitcoin you have btc to use.
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October 13, 2016, 07:43:34 AM
 #13

oh yes there are "bitcoin banks" and as the banks we know they will do the same thing and rob your money. so pleas read more about bitcoin and you will find out what it is all about. being in control and responsible for your money.
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October 13, 2016, 07:52:37 AM
 #14

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??

I remember there were a few places where your bitcoins were insured, I think that's what you're looking for.

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October 13, 2016, 07:56:24 AM
 #15

As one of the above guy's quote, its needs to be considered as our own bank. When a separate bank is started for bitcoin automatically bitcoin gets into control within few hands. So to be successful with the decentralised system there is no need for a bitcoin banking.

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October 13, 2016, 08:00:29 AM
 #16

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??

Once you saved bitcoin it's on your own how will you make it safe.

If you use web wallets as storage then it's prone to fraud activity. Even storing it in a cold wallet or desktop wallet is not an assurance that your coins will not be lost.

Bitcoin is money so treat the security of bitcoin just like on fiat. About your question, no it doesn't have a bank but rather exchanges.

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October 13, 2016, 08:02:04 AM
 #17

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??

It's called Bitcoin core and with a little knowledge you are able to achieve exactly what you want.

Bitcoin is not a bubble, it's the pin!
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October 13, 2016, 08:16:21 AM
 #18

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??
in my opinion there are no such bitcoin bank ( atleast in my country)   which will give you btc directly for giving money .
but there are some sites which provides btc for money online . it is nothing but zebpay wallet . it is awesome .
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October 13, 2016, 08:42:21 AM
 #19

There is no banks for bitcoin. Bitcoin gives you the ability to be your own bank. And this comes with its benefits as well as responsibilities such as you are responsible for your bitcoin. If you're worried about the safety then, Use specialized hardware wallets such as Trezor. They are abput 100 USD each. You can also go for generating paper wallets. But I recommend you use hardwares wallets such as trezor.

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October 13, 2016, 08:47:22 AM
 #20

so i wanna know from all the bitcoiners here is there a some kind of bank where i can deposit my bitcoins and get safe transactions and not worry about theft or lost of wallet ??
I do not think that there is any bank for Bitcoin at least I have never heard or seen one of them but I think that in the future it can become possible for sure. When Bitcoin is more popular then they have no choice but to do it.
But at the moment there are none of them because they are not really needed at the moment.
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