Saving bitcoins

[shinratensei_]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Nope, bitcoin doesn't have a bank. You just save your bitcoin into the bitcoin wallet although you're trying to withdrawal your bitcoin into the bank account.

The rate will depend on the current rate bitcoin into the USD. Nope, i don't think if it will have the lower percent. exchange your bitcoin for money and then put them into your bank account and that's the correct sentences for you. 

[vaxo_nba]

I don't think saving bitcoins in web wallet is 100% safe, but probably you're right, it's much more better than depositing on bank account. Anyway, thanks for helpful responses.

[Ferris419]

Saving bitcoins for the future is always an great option as the price of bitcoin keeps on increasing over a period of time and its better to save bitcoin in wallet instead of saving money in banks as banks will pay limited amount of interest whereas the returns from bitcoin can exceed depending upon its price in future.

[ice098]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

The question is there's a bitcoin bank? I never heard that before. But If there's a bitcoin bank I think the percentage of increase is low. Low because our bank in my country has 1% profit only. So I think it is the same here in bitcoin. It's more profitable if you keep your bitcoin, and convert it when the price increase.

[phaddie]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

The question is there's a bitcoin bank? I never heard that before. But If there's a bitcoin bank I think the percentage of increase is low. Low because our bank in my country has 1% profit only. So I think it is the same here in bitcoin. It's more profitable if you keep your bitcoin, and convert it when the price increase.

Yeah saving bitcoins and selling them when price goes higher will give you profitable results as price is predicted to go higher in future so if you manage to save enough bitcoins in your wallet then you can make good profits by converting them to cash when price rises in the future and that is the best way to make profits.

[Pettuh4]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

I guess they'd be the same , it depends how you save it there; I will suggest you save on your desktop wallet and have the private keys saved on a pen drive or printed on a paper and then save it in a safe at the bank. With that u think you wouldn't be liable for any % deductions.

[talkbitcoin]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

it is not based on your decision. there should first be a bank that offers such services that you can use. and that is not going to happen in the near future since bitcoin is such an small fish for banks to start getting involved with.

[RhodaGila]

Bank? Sorry, do you mean the bank here is like a bank fiat money like the dollar store?
I guess none of the banks that accept Bitcoin for the bank accommodated them or accept Bitcoin storage. Storage bank Bitcoin is your own, that through you with Bitcoin wallet which you hold yourself.
Maybe you can save your Bitcoin with the Bitcoin wallet you own and use that have a better level of security.

[maydna]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

until there is a bank in real life, we still save our bitcoin into our wallet. but if in future there is a bank that allow us to save bitcoin in that bank, then i think the rate will need to high compared to dollar or other fiat. bitcoin as the new investment which is more high than gold, will be a good choice to people to save in their account and they will make bitcoin as the top leader in investment. if we want to see this thing is happen, we need to wait until the government make a regulation about bitcoin so they is a legal statement from the government for using bitcoin in real life.

[Musent]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

until there is a bank in real life, we still save our bitcoin into our wallet. but if in future there is a bank that allow us to save bitcoin in that bank, then i think the rate will need to high compared to dollar or other fiat. bitcoin as the new investment which is more high than gold, will be a good choice to people to save in their account and they will make bitcoin as the top leader in investment. if we want to see this thing is happen, we need to wait until the government make a regulation about bitcoin so they is a legal statement from the government for using bitcoin in real life.

I don't think that Governments will ever come in support of bitcoins and will allow to get it on the mainstream as it will be threat to their national currency and also to a banking system and no Government will be willing to see that their major and national currency should get replaced by any digital currency.

[ufaiz50]

  First you should know there are no banks that accept bitcoin so I don't know the exact answer to what you ask and why you should save  bitcoin in a bank if there are bitcoin wallet which only you can access your own bitcoin wallet and you would earn profits by saving bitcoin and sell when inflation

[mobnepal]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Your question is quite confusing.
If you are talking about depositing your bitcoin in bank than that is not possible right now and i don't think will be possible even in near future.

But you can save bitcoin in your own paper or hardware wallet for long term, and what you will get in terms of fiat after a year you will get will be more than what you could have earned as interest in your bank deposits.

[KennyR]

First you should know there are no banks that accept bitcoin so I don't know the exact answer to what you ask and why you should save  bitcoin in a bank if there are bitcoin wallet which only you can access your own bitcoin wallet and you would earn profits by saving bitcoin and sell when inflation

Banks have been coming into existence day by day. A new bank which functions totally for bitcoin have been initiated in Vienna, so people around that locality can use it for their savings. Others can just use the bitcoin wallets for all their saving needs.

[revans]

First you should know there are no banks that accept bitcoin so I don't know the exact answer to what you ask and why you should save  bitcoin in a bank if there are bitcoin wallet which only you can access your own bitcoin wallet and you would earn profits by saving bitcoin and sell when inflation

Banks have been coming into existence day by day. A new bank which functions totally for bitcoin have been initiated in Vienna, so people around that locality can use it for their savings. Others can just use the bitcoin wallets for all their saving needs.

When we have our own bank in the form of bitcoin wallet then why to keep our bitcoins in the bank where banks will control our funds as bitcoin wallet allows to have total control on our funds so I don't think its smart to save our bitcoins in any bank better choice would be to store in bitcoin wallet and take actions accordingly.

[nara1892]

you should read why bitcoin was created first befire you ask such question. system of banks against bitcoin, so why should we save our bitcoins in the bank?

if you want to really keep your bitcoins safe, you need to keep it in an offline wallet.

[webtricks]

Why would you wanna save Bitcoin in banks, although, not possible!
Bitcoin in its own provide a great environment of safety and usability. If person is following all security measures provided by wallets, bet me no one could ever steal your Bitcoins.
Bitcoin is meant to degrade the banking system and giving a thought to deposit it with banks is complete give over to Centralized Bosses!!
About deposits rate and interest, Bitcoin on its own a very volatile security and holding it is enough profitable than investing it!

[Kprawn]

Deposit rate? Did you mean, interest rate? Well....Bitcoin is supposed to replace the old "fiat" banking system... but there are still people who

wants to hold onto that old outdated model. I once deposited some bitcoins into a service called, Asmoney and I did get some interest.  The

point is, with Bitcoin being so volatile... people make much more money from buying low and selling high... than any bank can give in interest

rates, so they do not bother with it. 

[blackhawkeye1912]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

As far as I know we don't have any on line bank for bitcoin. And for you able to know, Bitcoin is decentralized nobody can control it, only by you had a capability to manage your own bitcoin not by any corporate bank company or etc. If you have Multibit wallet, Electrum or Bitcoin core  where you can storage you BTC here this will be your bank very safe and secured.

[bestluck]

First of all the bank do not accept bitcoin at all and if any time when they start to adopt bitcoin ans will accept it then they will have the same rate which they have for fiat or dollar etc as it is determined by the bank administration according to their bank expenditures.

[erickkyut]

Saving bitcoin in the banks is impossible because there are no banks right now which accepts bitcoin deposit. I suggest just keep your bitcoin in a safe wallet if you want to save it. Just save it and wait until the value of bitcoin increase more. Through that, you can earn more from it.