Bitcoin savings account?

[squatz1]

Well, if you wanted a savings account I know there is some stuff like this when it comes to the Chinese wallets. Though I wouldn't think this would be safe, nor one of the best options with the current insane amount of volatility with Bitcoin so I'd avoid this entire thing all together. If you want something that's going to act like a savings account (NO INTEREST THOUGH) you should be using the BTC-VAULT from Coinbase, which is going to force you into leaving the Bitcoin there for a set amount of time with the only recourse being you AND ANOTHER DESIGNATED EMAIL approving the transaction.

So, BTC-VAULT from coinbase is really going to be it.

[yooper]

Are you interested in a savings account because you want a purely riskless way of earning more BTC, or would you be open to a relatively low (but not zero) lending agreement with potentially higher interest?

I ask since I'm a developer working in the space from a finance background, and have been evaluating some projects in the latter (lending) space.

Putting your money in a saving account should inherently be more of the latter but, at least in the US, the FDIC will back you up with the full faith of the US gov't to the tune of $250k USD, making it the former.  Not sure how the equivalent in BTC would look like (nor would we want one, possibly?).

fwiw .... coinbase also had FDIC insurance on the fiat wallets. 

[Xavofat]

This is rubbish. Interest exists because people need capital to start enterprises, so they borrow money, and have to pay back interest on it, a portion of which goes to the lender (you). So it does make sense, even in a decentralized currency.

It bloody well doesn't.  These would require trusting someone else with your coins/private keys.  Bitcoin brings sovereignty because you have full control over your funds, something which digital fiat money (in a bank) can't give you.  You are supposed to own Bitcoin in the same way that you own cash - personally, with no third party trust.

[LeGaulois]

A Bitcoin saving account will need to give you a percentage yearly but from where this extra money will come from? From others people who deposited later like you. Unless the company is generating revenues but in this case better for the company to keep the profits instead share it so they won't need people depositing bitcoin in a saving account.

[sonicwave]

A Bitcoin saving account will need to give you a percentage yearly but from where this extra money will come from? From others people who deposited later like you. Unless the company is generating revenues but in this case better for the company to keep the profits instead share it so they won't need people depositing bitcoin in a saving account.

Is this the actual thing Bitcoin Savings account? Is it more dangerous to have your wallet and there to store your Bitcoin the best time and prices. Maybe I'm in something wrong and do not understand.

[deisik]

Well, if you wanted a savings account I know there is some stuff like this when it comes to the Chinese wallets. Though I wouldn't think this would be safe, nor one of the best options with the current insane amount of volatility with Bitcoin so I'd avoid this entire thing all together. If you want something that's going to act like a savings account (NO INTEREST THOUGH) you should be using the BTC-VAULT from Coinbase, which is going to force you into leaving the Bitcoin there for a set amount of time with the only recourse being you AND ANOTHER DESIGNATED EMAIL approving the transaction.

So, BTC-VAULT from coinbase is really going to be it

I'm curious if there are folks who are considering that seriously?

No third party can provide you with a better security and safety for your coins than a good old paper wallet. While your funds at Coinbase may be vaulted, encrypted and insured at that (and whatnot), you are still taking what is called a third party risk (whether you like it not). If the US government chooses so, all your coins will be confiscated under some pretext (or even without any pretext at all) in a matter of minutes. If you don't care about interest, you should keep your coins in your wallet in your pocket, figuratively speaking

[freebutcaged]

I don't think there is anything such as a bitcoin savings account. What you are asking is for a bitcoin bank which does not exist as of now. And it doesn't make much of a sense to have a bitcoin bank as that would lead to centralization and  bitcoin aims to decentralize money.

Taking abut banks, there is a project known as Polybius which aims to be a crypto funded bank. The ICO is still going on. And is about to hit their target. Check  ico.polybius.io

You had to bring up a scam ICO into this? do you really think if these kinds of ICOs were legitimate and profitable all of the smart and rich

Investors would've let you and I to even see a single coin? even with exchanges such as Liqui and Yobit paying a high interest rate they could

Close the investment at any time claiming that there is no more new investors so we're sorry to inform you that you are officially fucked, Russian

Kind  .

Is there any upcoming project that would act like a bitcoin savings account?

There is already a project for that if you are comfortable to the interest they are paying and that is freebitco.in. Its a site that have been on the space for quite an amount of time through their faucet platform and other ways such as gambling and lottery platforms. So, you are good to trust them with your money and get your interest even though might be small.

Did you even read at least 3 first posts here mate or just had to repeat like the parrot that you are? freebitcoin, I wonder how would they earn

From bets if it's really a provably fair? I guessed it myself, the house edge is very high.

[Kotone]

Is there any upcoming project that would act like a bitcoin savings account?

I think there will be few sites to save bitcoinss. But many of them is not true and they will only scam you. If you really want to save it , invest it in trading site buy some coins and make it until it has profit or save it and hold it in your online wallet that will be good . In that case you will be able to monitor it.

[slowlii]

Is there any upcoming project that would act like a bitcoin savings account?

To me, you don't need any saving account because a saving account has nothing to do with you. You can easily create a secure paper wallet and start to save your bitcoin from today.

[DOGE12321]

I am pretty sure that Yobit.net offers this feature. Once you deposit you should attain interest for 0.2% for a minimum investment of 0.01BTC.

Another site that offers interest is safedice.com. You can invest part of your Bitcoin balance to the site bankroll for other players to bet against. Your profit will be calculated according to your stake in the bankroll. While in the long-term, you should make a sustainable profit from the house edge, it is possible for you to also lose in the short term because of the variance.

[~Bitcoin~]

A big no and if there are any i think all of them willbe just another scam. Interest on bitcoin savings is not possible because there is no way for those services to earn from bitcoin deposits like bank earn from loans. There are few p2p lending platform that claims to give you interest but dont trust them.

[Casdinyard]

Is there any upcoming project that would act like a bitcoin savings account?

Even if that bitcoin savings account exist, I will not go with it. Like I'll never entrust my bitcoin to that. Whoever knows what will possibly happen.
I'll just trade my btc, and that's a good shot.

[rhamzter]

I have bitcoin savings account, using my bitcoin wallet I save it all my income. Also I make another wallet and I connect it to my savings account to easily withdraw my bitcoin into cash if needed.

[sasaku bitbit]

much improved user bitcoin but value priced up and down but does not affect me to the store and have a savings for the future of my future because it has an advantage that could last longer and the exact time when the price value of bitcoin higher than now

[jackcole]

Bitcoin is incredibly unstable. Unless you plan to spend it immediately after buying it, don't put any money into Bitcoin that you can't afford to lose. If you're planning to put away £100 per week, maybe put £90 into savings and £10 into Bitcoin, or better yet, maybe split the £10 between Bitcoin and Ethereum or something. "Don't put all your eggs in one basket" as it were.

[hase0278]

Is there any upcoming project that would act like a bitcoin savings account?

I think there aren't any upcoming project that would act like a bitcoin savings account giving interest because you can only store bitcoin on a secure wallet but it does not give interest There are some online wallets who offers that feature but it ain't trusted so I don't recommend it. There are other features that offers you interest for storing your bitcoin on their website specially gambling sites like crypto-games.net but I also dont recommend it. If you want OP test it because their investment feature offers interest.

[carriebee]

I have bitcoin savings account, using my bitcoin wallet I save it all my income. Also I make another wallet and I connect it to my savings account to easily withdraw my bitcoin into cash if needed.

I didnt heard some platform that has a bitcoin savings account. You are right, I also save my bitcoin into an online wallet were I can save it serves as savings account. Hold and rise to grow the bitcoin price as I beleive it will rise the price and I will earn profit.

[CraigWrightBTC]

Just hold bitcoins on safe wallets online wallet or offline wallet, if want makes bitcoins from bitcoins
just trade on altcoins use long term strategy investing,
that is best way to get bitcoins right now than save bitcoins on cloud mining service
it will be difficult to get return of Investment.

[lighpulsar07]

Is there any upcoming project that would act like a bitcoin savings account?

well actually bitcoin is a savings account you can do it by just creating an address and send your bitcoin to that address and that's it you have a savings account just save your private key or else your bitcoin will be lost forever and i don't think bitcoin saving is going work despite that you can save your own bitcoin without the urge of spending it.

[Remainder]

Is there any upcoming project that would act like a bitcoin savings account?

well actually bitcoin is a savings account you can do it by just creating an address and send your bitcoin to that address and that's it you have a savings account just save your private key or else your bitcoin will be lost forever and i don't think bitcoin saving is going work despite that you can save your own bitcoin without the urge of spending it.

For me my bitcoin online wallet serve me as bitcoin savings bank already because I just hold my bitcoin on those wallet and I gain increase everytime bitcoin market value will rise.