Which banks are bitcoin friendly?

[hutchdavidson]

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

[pearlsome]

Now many banks prohibit the use of credit money for the purchase of cryptocurrency. Did you buy bitcoin for your personal money or for bank money (credit)? When using personal funds, you should not have any problems. Cancel the ban on double conversion if your national currency is not a dollar or an euro. Also, you did not specify which country you are from, so it's hard for you to give an answer. In all countries, completely different attitudes toward cryptocurrencies and bitcoin.

[hutchdavidson]

Im USA and used cash to buy all the btc to avoid the CC fees on the sites
I was wiring money to a bank in london, for Bitstamp account

[silent17]

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Well, It really depends upon your location and the bank availability to purchase this kind of thing , you can check and search for yourself all the available banks in your country if the bank accepts crypto purchase.

[bittradr]

It's becoming more and more of an issue.

If you are working with UK, you can try german banks. UK banks don't want to have anything common with crypto.

[cryptogirlboss]

it depends on your location but if u look for friendly banks its just few countries

for example switzerland, malta and lietchestain, they fully accept and make it easy for crypto holders

[bitcoinstress]

No one bank are friendly with Bitcoin, they are think Bitcoin as enemy. We know if bank and government has try many way for probhit Bitcoin.

[mrcash02]

It's a very personal question that will vary from country to country. I'm sure most banks and all mainstream banks aren't Crypto friendly. Many people have already had issues with banks on their countries when trying to buy or sell Bitcoins and some exchanges as well.

However, there are some relatively new banks appearing, again it varies from country to country, but it would be a good idea to check on your country all the banks options, not only the main ones. Maybe one of these new banks can be Bitcoin friendly and even suggested by a local exchange.

[dollarneed]

No banks are friendly to the bitcoin, we all know that banks don't want you to use bitcoin for the same reason the postal service didn't want you to use email simple as that. Bitcoin is a big threat for them and for many reasons they will not accept it, they might be interested in the technology behind bitcoin the blockchain but to adopt bitcoin it's such a impossible for them to do that.

[AimHigh]

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Not literally friendly on bitcoin it partners possible because here in my country we can cash out bitcoin thru bank and automatically convertable into our country money and we can transfer a bitcoin thru bank also and can also buy in bitcoin thru bank also so this is the reason why im thinking that here in my country some of banks accepting or adapting bitcoin now.

[wilburwilbur]

when you're a resident here in the Philippines the only way to deposit and withdraw bitcoin is through trading it to paypal or signing in to coins.ph
banks like BDO and such supports bitcoin here on Philippines
in addition they're planning to add ethereum

[Zocadas]

I read recently, that Bitwala, an exchanger in germany is planning to provide a crypto based bank account.
https://www.bitwala.com/
And I think, also traditional banks will jump on train.  

[jakonakos]

Germany recognized Bitcoin as official means of payment
The Ministry of Finance of Germany signed an official decree confirming that bitcoin is recognized as a means of payment
Unlike the US, where Bitcoin is recognized as property, in Germany all that will be bought for the currency will not be subject to a capital outflow.

[BitcoinHunt3r]

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Not literally friendly on bitcoin it partners possible because here in my country we can cash out bitcoin thru bank and automatically convertable into our country money and we can transfer a bitcoin thru bank also and can also buy in bitcoin thru bank also so this is the reason why im thinking that here in my country some of banks accepting or adapting bitcoin now.

that is good thing, which country do you live? hope can live there too, in my country bank not support bitcoin. if want to cashout my people must exchange it in exchanger first. and in my country, we can't buy bitcoin directly from bank account

[ginkgonk]

Germany recognized Bitcoin as official means of payment
The Ministry of Finance of Germany signed an official decree confirming that bitcoin is recognized as a means of payment
Unlike the US, where Bitcoin is recognized as property, in Germany all that will be bought for the currency will not be subject to a capital outflow.

Some time ago, the Central Bank of Germany announced that it was necessary to firmly control the development of the crypto industry, not only at the state level, but also on the international arena.

[BitHodler]

I read recently, that Bitwala, an exchanger in germany is planning to provide a crypto based bank account.
https://www.bitwala.com/
And I think, also traditional banks will jump on train.  

It's nothing more than a potential service that they are planning to offer, which at first requires them to obtain several licences for. No licenses means them not being able to offer what they have been planning to offer.

And even if they do manage to get everything up and running, how long will it take before certain parties will withdraw their support? Bitwala in this case depends too much on external factors.

With how regulations change and are constantly being added, financial institutions and services will have to adapt each and every time, which is something you just can't fully depend on.

Too many potential obstacles that you have to take care of and deal with, which isn't something I consider to be a viable long term option. I really wouldn't be surprised if they eventually decide to just pull the trigger beforehand.

[jakonakos]

Germany recognized Bitcoin as official means of payment
The Ministry of Finance of Germany signed an official decree confirming that bitcoin is recognized as a means of payment
Unlike the US, where Bitcoin is recognized as property, in Germany all that will be bought for the currency will not be subject to a capital outflow.

Some time ago, the Central Bank of Germany announced that it was necessary to firmly control the development of the crypto industry, not only at the state level, but also on the international arena.

I think that's good. Information about the support of large countries by the crypto currency is the reason for the growth of the price of coins ". In such cases, investors invest more confidently and willingly buy digital money, which invariably leads to an increase in the price of coins.

[zarados]

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

there are so many people who are doing the same thing, and that causes the NPL (Not performing loan) in the bank to increase. This is certainly not a positive thing for all banks. Therefore, they decided to prohibit the purchase of cryptocurrency transactions using credit cards because they are considered to be a very high risk for the drop in profits due to the high NPL value.

[HashieNewb]

It's becoming more and more of an issue.

If you are working with UK, you can try german banks. UK banks don't want to have anything common with crypto.

It's actually less more of a fuss than it was before. Bitcoin and banks were not friendly back in the days.

[jakonakos]

In China, it was proposed to create a national currency exchange and other regulatory bodies for the crypto industry.
China as always ahead of the planet