Saving bitcoins

[error08]

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?

There is no any conventional/local bank that existed in the world which had stated accepted bitcoin as a currency, as far as I know.
You may save bitcoin in non-conventional bank such as https://coinsbank.com/bit-x, (operated online) if you do not live in UK, just read their FAQ. So, there is no such thing like deposit rate in bitcoin world, simply because there's no local bank for bitcoin, like I mentioned.
If you want to deposit your bitcoin and expect for interest every month, you may try to lend it on exchanges such as Poloniex, read this https://bitcointalk.org/index.php?topic=1607623.0

[manselr]

The point of bitcoin is to not depend on banks. Forget about telling other people your private keys, that defeats the main purpose of being your own bank.

Just make some damn backups and remember your password, can't be that hard.

[BeGoods]

There is no bitcoin bank that exist in the internet right now,
And I think that there would never be one cause bitcoin was created for decentralization and for anonymity of all of it's user.

yeah because of course using only the wallet, more secure, without administrative costs, without verification identity, so I think saving bitcoin in wallet will be more comfortable than in bitcoin bank

[olubams]

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?

Its a two way thing for you but either route you want to take, just satisfy yourself that what ever the outcome of other option, I can live with it and the reason for that us no one knows the future and the level of uncertainty in bitcoin is very high as a result of the volatility of the currency which could swing either ways with few days unlike fiat which is more stable that banks can tell you this is the percentage you will get in one year if you are cool with it, go ahead if you are not you opt out...

[loreykyutt05]

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?

me I don't believe in Bitcoin bank I already tried it several times and get same results the ending is I will get scammed ! after that unfortunate event in my life I never tried to trust Bitcoin bank again because I only lose Bitcoin in that ! And after some time I realised that Bitcoin is already an investment so why should I need for a Bitcoin bank?

[zuyfg888]

It is about you who will be deciding what you will gonna do with your bitcoins. For me, we should invest our money instead of saving bitcoins. But for others, like traders, they invest it into another altcoins. We know that altcoins can earn more. Saving altcoins sometimes can earn a lot

[veleten]

putting bitcoins in a bitcoin bank (when and if they exist,ofc) kinda defeats the purpose of bitcoin
as the decentralized anonymous digital currency
you want it end up same as fiat currencies? well I don't

[sunsilk]

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?

Unfortunately there is no way to save bitcoins in the bank because your own wallet is already good to be your own bank.

The only way to save bitcoins in the bank is you need to exchange it first with fiat and the rates are unstable.

Percentage of rates are depending on the market.

[btc-facebook]

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 think if bitcoin have bank, it will break as decentralized currency that become bitcoin identity since it born
Even if it can happen, it need complicated calculation since there many goverment still not interest on bitcoin

[Aamir1]

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?

Is there any bitcoin banks in the world, by the way? Well, if the banks start accepting bitcoin for deposits then for sure the deposit rate would be different from other currencies as bitcoin is not among them. It is something totally different compared to them. When you send money somewhere with another currency you will have to pay way more than what you will have to pay when you are sending them in bitcoins. So the rates should probably be different.

[CoinFoxs]

There is no bitcoin bank existed where you save your bitcoins, you can save your bitcoins in wallet which cost no money. My suggestion to you is don't save your coins in bank and don't let others to control your money, be your own bank and control your coins by yourself. I haven't heard about bitcoin bank yet, may be it will open in near future so wait for that if you want to save coins in bank.

[Mometaskers]

You can cash-in/out at banks but they actually won't keep your bitcoins. With bitcoins you are somehow your own bank. You just keep your coins in your wallet and it's up to you if you would sell or buy more depending on the price changes. Considering how the price is steadily increasing I suggest just hold. Maybe deposit a set amount from your paycheck to your wallet and just live off the "profits". Of course only buy with money you can afford to lose. Better be more prudent with your hard-earned money.

[Mike Mayor]

Guys he is new he never ment bank obviously he ment his wallet. So yes you can save it. As for if it will go up more then the $ noone know but have you seen how it went up and down recently ? Yes the % is more then with the dollar. You talking about stability here that is what you were trying to find out. Over a longer time I do think bitcoin will go up in % more then dollar.

[Colt22]

Nowadays there is no any bank which will accept to save your bitcoins in your account so you do not have to think for the rates now. First of all we have to struggle for it so that the banks accept it and we have to convince the governments to allow the use of bitcoin in their banks.

[Lovinbitcoinusers]

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 rate will be lower than average !

[Shenzou]

You can't save your bitcoin at any regular bank you need wallets, you can find many of these on the interenet but i recommend Xapo since you can order a debit card which will alow you to withdraw and exchange bitcoin to your local currency at any ATM.

[Yakamoto]

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 rate will be lower than average !

If he could store it in something like a bank then it would all depend on what kind of loans the bank would be able to secure from the Bitcoin deposit. If they could maintain the same loaning rates then it would not be foreign to suspect something along the same lines when it comes to interest rates.

It all comes down to the money that can be made.

[DarkIT]

for now, no bank is willing to accept investment in bitcoin. although there is, I think it will only make you lose, because they will definitely take advantage of it. better keep it to myself, or organize them into more money with things that ordinary people do to make them more and more bitcoin.

[wpd]

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?

Its sad to say but there are no bitcoin banks existing online. If you want to earn then just hold your bitcoins in your wallet and wait for an inflation. That way you will get more profit out of your investment. The only way to  save in banks is to convert your bitcoin into fiat currency and then deposit it on banks. But holding bitcoin is much profitable than savings on bank.

I think he means just holding bitcoin, maybe very securely.

[The Sceptical Chymist]

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing.  Why do people want to link bitcoin with banks?  Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash.  But depositing bitcoin in a bank?  Hell, no!