[POLL] Would you open a Bitcoin account at your local bank?

[webtricks]

If I can manage my Bitcoin without any worry, why in the hell I would need Bitcoin Bank. Bank provides safety, so I am sure my Bitcoin is already safe. Banks provide interest, so I think would be impossible for them with Bitcoin. So a big no to Bitcoin Bank!
And if you talk of balance in ecosystem, I hardly think Bitcoin is meant for stability. Its a free bird!

[erickkyut]

I think there's no need for me to open a bitcoin account in any banks if ever they are accepting bitcoin deposits because I can have my own account without the help of the banks. I'm contented on the bitcoin wallet provider because opening an account in the bank will require too many requirements and aside from that, there will be maintaining balance.

[Taki]

I think I would. I have rubble account and dollar account in my bank, and because of I making money only with bitcoin this days I think I would open such account. But the function of just keeping money doesn't satisfy me, cause of I keep my coins on my USB wallet and I count it's pretty save. I am more interested to use that bitcoin account for all the operations with bitcoin, but again only with avoiding unnecessary fees.

[iram3130]

The obvious answer will be a big NO as the major advantage with Bitcoin is Anonymity. But I wanna try with the Maybe option as no one knows how that will work out. If Bitcoin got legal then there will be a bank and people have to open an account in order to use it. And I use Bitcoin for only legal things, I won't mind doing this.

[jualidbitmixer]

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

Meh, i prefer stay on online bitcoin wallet blockchain. If my local bank accept bitcoin it will be a good news for bitcoin but  it become not anonymous anymore. I think i will open a bitcoin account at my local bank if they give interest like i stored my fiat at the bank.

[wildan88]

absolutely not. the advantage I get of bitcoin wallet is free of tax. If I had to do that, I think nothing special from bitcoin wallet if managed by the bank.
so altogether I'm not interested in making it

[xuan87]

No, not interested at all, I choose to used bitcoin because i want to hide my wealth from everyone,I want to used my bitcoin for gambling, if a country forbid gambling and I used bitcoin that store in local bank and send it to gambling site then i will arrested, so I just want to be out from spotlight when I used bitcoin

[Immakillya]

Thats a big NO to me. Bitcoin is not design for that. It will just destroy bitcoin features. Besides, we have already a wallet. I think its safe enough to store our bitcoin there. Banks are centralise, and the opposite of it is bitcoin that is decentralised. Bitcoin is anonimous. It will be more complicated if you put it into centralised system because bitcoin can be use for laundering and banks are against money laundering.

[BillyBobZorton]

Thats a big NO to me. Bitcoin is not design for that. It will just destroy bitcoin features. Besides, we have already a wallet. I think its safe enough to store our bitcoin there. Banks are centralise, and the opposite of it is bitcoin that is decentralised. Bitcoin is anonimous. It will be more complicated if you put it into centralised system because bitcoin can be use for laundering and banks are against money laundering.

Yeah it's pretty stupid. As soon as you connect your bitcoins to a bank the anonymous features are over, which goes against the main point of bitcoin which is to avoid surveillance by 3rd parties.

I guess there always be a market for casuals that need a bank so im ok with it.

[buwaytress]

I was just going to comment that the only reason I'd open an account at any bank, local or otherwise, would be to have some form of insurance on my deposit. But as it's in the poll answer, that's covered.

While my first option is to still securely store it in my own personal wallet, I suppose there are some benefits to having my coins insured against loss.

[Dmitry.Vastov]

That doesn't make any sense to me. Thats not the nature of bitcoin. Putting it on a centralised system could possibly kill bitcoin. And im sure many wouldn't agree with this, even if banks will accept bitcoin. Anonimity, thats the reason why people loved bitcoin. Its a freedom for us. Banks cant give you that.

[electronicash]

can bank really someday adds bitcoin on their list of currencies that we can deposit?
i bet the bank secrecy can be bend and that the government can ask the information of btc clients they have so see who these people are. and that they can collect taxes.

[bamboylee]

No. They already have my fiat, I do not want them to have my bitcoins too. If something happens, I do not want my fiat and bitcoins locked by banks. And besides, it is most likely that banks will not support bitcoin. Maybe they can adopt the technology or blockchain, but not bitcoin itself.

[Kray]

I will stay away from storing my bitcoin in a bank.

[Edraket31]

If a local bank for a bitcoin account, why not? I would love to that at least it is more easier to get my money but the disadvantage is the bank will withheld tax in my account or worst the transaction cost is possibly higher than others, if that happen I would open account but not all. I'll just save some.

[szpalata]

If a local bank for a bitcoin account, why not? I would love to that at least it is more easier to get my money but the disadvantage is the bank will withheld tax in my account or worst the transaction cost is possibly higher than others, if that happen I would open account but not all. I'll just save some.

It's not the best practice and I wouldn't open a local Bitcoin bank account because it defeats the purpose of decentralization. I beg to differ if it's easier to access your account with the banks than your wallet? That's totally false because with the blockchain you have access to your funds 24/7, most of these banks close after 5pm. Security and accessibility are just 2 golden virtues of bitcoin.

[Rockie1234]

Of course not! If I register my bitcoin account with my bank, I am essentially saying: "Here are my banking details, this is the address I own, feel free to track my transactions." You're inviting your government to trawl through bank records and I have no doubt they already do.

[ophyrim]

I am using bitcoin for the investment. I mean for my future. So I think yes, I will open an account for my bitcoins and other cryptocurrencies when my local bank will provide me this service. I know the spirit of bitcoin is its anonymity but I trust my local bank more than blockchain.

[European Central Bank]

nah. my coins are just fine where they are. i do think it's something a lot of other people would make use of. very few people give a shit about internet security but i wonder what the possible restrictions would look like and i don't see how insuring the deposits would ever work.

[richardsNY]

Thats a big NO to me. Bitcoin is not design for that. It will just destroy bitcoin features. Besides, we have already a wallet. I think its safe enough to store our bitcoin there. Banks are centralise, and the opposite of it is bitcoin that is decentralised. Bitcoin is anonimous. It will be more complicated if you put it into centralised system because bitcoin can be use for laundering and banks are against money laundering.

Yeah it's pretty stupid. As soon as you connect your bitcoins to a bank the anonymous features are over, which goes against the main point of bitcoin which is to avoid surveillance by 3rd parties.

I guess there always be a market for casuals that need a bank so im ok with it.

It's indeed hard to swallow seeing certain people throw the fact that they own everything in full and the ability of maintaining an anonymous identity to waste so easily. But it's their choice as they apparently don't add much value to these features. I think they nurse themselves with the idea of having bank level of security and other benefits such as interest over their stored coins.