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

[philiveyjr]

Private banks might get involved into it but I dont see it becoming a success. Why would you put your BTC in a bank in the first place? May b for the interests and interest rates. If it is secure then I might give it a shot but there's a long way for that to happen. I dont see any banks showing interest as of yet. They might take a couple of years for BTC to become mainstream and then there might be this possibility.

[The Sceptical Chymist]

No.  If I had millions of dollars in bitcoin I might look to insure it somehow, or hedge against loss, but I wouldn't need a bank to store it.  And I certainly don't have nearly enough to worry about doing either of those things.   My mycelium wallet is just fine,  thank you.   No banks required!

[Karpeles]

Why not, if the fees are fair?

Would not be worse than use an exchange

Exchanges still are riskier than banks

Also we don't have to put everything on banks

[avikz]

Firstly, no local bank accepts bitcoin in my area as a deposit. They just don't have any idea about what bitcoin is. So for me there is no chance that I will be able to open a bitcoin account with my local bank.

However, given a chance, I would not go with it. because, bitcoin is still not accepted in my country and the government is still not giving a shit about it. Hence it is always better to use bitcoin through an offline wallet or online wallet. At least I will not be taxed until I choose to convert it into fiat.

[housebtc]

The result of the poll shows for itself, over 60% say NO, with bank nothing is free, what they will be looking for is to have total control of your Bitcoin also the KYC and AML policy will make it difficult to do some transactions

[Omega Weapon]

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?

Of course not, that will only contribute to help banks to monitor us and other bitcoin users by allowing them to store your coins  and I will add doing that is completely opposite to what bitcoin is about.

[ASHLIUSZ]

Opening a bitcoin account into a banks looks similar to that opening a bank account. However we consider to be our own bank, we will be controlled by some authority. For this reason there is no need for an bank to help us create accounts and help in transaction and other necessary functionalities.

[terrate]

yes if FDIC insured.

because very convenient. My country difficult to get bitcoin and exchange.

[bitloud]

I use bitcoins because I don't want to be controlled by bank, declare my bitcoin funds, pay taxes for it. Bitcoin in banks is something against idea of bitcoin.

[Mr. Big]

Opening a bitcoin account into a banks looks similar to that opening a bank account.

Coz that is what OP asks...We are asked if we are willing to open a bitcoin account in a local bank... Most probably it is already considered a bank account..

However we consider to be our own bank, we will be controlled by some authority.

Well, that is one of the consequence that we will have to think about when we do apply for a bitcoin account in a bank, they hold your bitcoin....

For this reason there is no need for an bank to help us create accounts and help in transaction and other necessary functionalities.

Well, who knows, they might be offering something that could be very favorable to us...

Anyway, as for my opinion, I'll go for a bitcoin account in a bank, provided that it is secured and insured... Actually it is a great help to us since we will not be worrying about our bitcoin in our desktop and probably give us a good night sleep without checking if our PC for spies... Who knows, bank might offer us what they are offering to their fiat depositors... 

I think one of my condition before transferring my bitcoin to theirs is they should not ask my name or any information about me aside from my signed message and theirs... No asking of where my funds came from or even asking where I am using it... 

[agatha818]

no sir, i think my bitcoins are safer in my wallet, i don,t really trust the bank,  i like the privacy, and my bitcoins are secured in my computer and wallet.

[lienfaye]

Im contented with my wallet account so there is no need. for me its a hassle to go to bank just to deposit or inquire. and our local btc wallet is also connected to our bank account so its very easy to cash in and cash out.

[hl5460]

Bitcoin's purpose is to eradicate the bankers.

[diegz]

no sir, i think my bitcoins are safer in my wallet, i don,t really trust the bank,  i like the privacy, and my bitcoins are secured in my computer and wallet.

Actually it's your preference. If you are comfortable keeping your bitcoin in your desktop then that's fine. But lets not forget what the banks did to fiat and the economy. So probably when bitcoin is in banks, it might grow fast (not the value or ROI) but the adoption.

Im contented with my wallet account so there is no need. for me its a hassle to go to bank just to deposit or inquire. and our local btc wallet is also connected to our bank account so its very easy to cash in and cash out.

We can inquire on banks thru online. Most of them has online supports and been posted in their website. When it comes to hassle, well, banks could release ATM's so you won't go at them each time you want to withdraw. There will always be a way to make things more convenient.  

[sportis]

yes if FDIC insured.

because very convenient. My country difficult to get bitcoin and exchange.

The way I see it is like saying to put the wolf to guard the sheep. So using my bank I cannot understand what benefits for me to have an account of bitcoins and not an account of strong fiat currency. Moreover I cannot understand the convenience. I really believe is better to keep bitcoin in my desktop wallet and If I want to buy some coins to use sepa?

[1Referee]

Why not, if the fees are fair?

Because you then rely on a third party to control your coins. It's an unnecessary extra step where you expose yourself to various risks. But if you're fine with that, then it's your choice of course.

Would not be worse than use an exchange

Exchanges still are riskier than banks

Exchanges have indeed messed up big time, so in that regard, I think you have a decent point there. It's impossible to trust the current incompetent exchanges as they continue to mess things up. I even consider banks to be more trustworthy than all these shitty hobby run exchanges. That's the exact reason high level institutional traders won't jump into Bitcoin. They don't feel safe wiring multi millions to these exchanges, and I can't blame them for thinking like that. That's why we need a professional platform that allows these traders to bring their millions to Bitcoin.

[bestluck]

First of all in our banks bitcoin has not been started. But if in the future it has been started then I will look at the features and benefits they offer to me for keeping my bitcoins. For me it will be like an online bitcoin wallet so I will keep that much bitcoins which I am keeping in online wallets.

[jak3]

i am a kid who do not even have a bank account till now, i expect soon i am gonna have that but if they started serving bitcoin debit cards well yes ofcourse i am gonna accept not becuase that they are using the bitcoin technnology but becuase using bitcoin techonology is better than using banks old technology. banks stores their money physically so the only way to get that money is the robbery but as we know that they gove loans  so thats makes it even worse. but bitcoin dose not allows such nonsense to rob  bitcoin one thief has to be the freaks mastermind genious of hacking world and cryptography

[Xester]

If a chartered bank releases or hosts a bitcoin wallet then I will open an account. That way I will feel secured from hackers, since if anything happens to my bitcoins under their care they must refund all my coins. There is no problem with banks having bitcoin its like opening an account on web wallet sites. The biggest advantage if a bank handles bitcoin is that you can automatically  convert bitcoin into local currency and withdraw on any atm machine nationwide. But if they will launch another coin aside from bitcoin then that is a different story.

[Wandering Soul~]

First of all in our banks bitcoin has not been started. But if in the future it has been started then I will look at the features and benefits they offer to me for keeping my bitcoins. For me it will be like an online bitcoin wallet so I will keep that much bitcoins which I am keeping in online wallets.

Yah, If its just a copy paste of our banking system and the only different thing is that they accept bitcoin then its not worth a shot .
Why would you keep your bitcoin in your local bank when you can just buy a hardware wallet or a cheap notebook to store your bitcoins? That way you can fully control your bitcoins, You don't have to pay a bunch of fees and submits a bunch of documents .

If it happens that someone makes a bank that accepts bitcoin even though its doesn't make sense . It must have some kind of innovation or people won't even try it .