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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
funchiestz
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July 15, 2018, 08:39:28 PM
 #1081

Bitcoin maybe not available for banks. But I know that people are hiding the Bitcoin wallet in the bank.
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July 15, 2018, 08:55:31 PM
 #1082

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

As much as i would like to see cryptocurrencies being adopted by banks, i don't think that its gonna happen as long as the Government just keeps running away from it. Once the Government accepts the fact that crypto is the new technology which can revolutionise the standard market as we know it, we are gonna see crypto being mass adopted by everyone including Banks.

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July 15, 2018, 09:11:38 PM
 #1083

I predict it will happen, will many Banks that accept Bitcoin as savings and deposits, the reason is that many banks are issuing their own crypto coins, indeed at this time most of the Bank only issued ICO only and has not offered any other type of investment products, but over time I'm sure they will issue another type of investment products...



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Rainbot
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July 15, 2018, 09:14:36 PM
 #1084

I do not think that they will miss such a smart opportunity to make money on bitcoin
ghermghuda
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July 15, 2018, 09:40:40 PM
 #1085

I also do believe a moment of such sort shall arrive one day. All these depends on regulations set by the major central banks. Once the go ahead is given, the banks will follow suit and provide necessary support. One thing I believe is that atime shall come that banks and crypto, BTC to be specific, shall coexist.

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July 15, 2018, 09:49:07 PM
 #1086

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
The world is full of surprises. Banks offering bitcoin deposits is something that can happen. Looking at how the crypto world keeps influencing the world as days go by, the possibilities of banks offering to accept bitcoin can happen within the shortest possible time.
Huntsman82
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July 15, 2018, 09:49:42 PM
 #1087

There was a news that Switzerland banks are going to accept crypto after it gets regulated by their government or something like that. So it's true, and obvious, that banks will definitely not miss the opportunity to make cash from this untapped market.
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July 15, 2018, 10:02:58 PM
 #1088

I am a person who does not trust the bank completely. Regardless of their form, they seek profit for themselves entirely as logical but otherwise very bitter.  Undecided
bitcoin2048
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July 15, 2018, 10:14:37 PM
 #1089

It is possible and maybe it will happen not that far away from now, Banks need to do something in order to get a stable position in this world of changes that are happening around.
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July 16, 2018, 01:44:54 AM
 #1090

Bitcoin technology has surpassed the banks, even though there are banks that adopt the blockchain system does not mean they will accept bitcoin as a means of payment.
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July 16, 2018, 02:02:26 AM
 #1091

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I think the possibility is there. Remember when Internet came into life every county adopt on it. And now bitcoin is the evolution of the internet and currency in one. Banks need also to adopt on this kind of changes.
Liaalif
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July 16, 2018, 02:11:05 AM
 #1092

I am sure banks will not offer bitcoin deposits, with fluctuating bitcoin prices banks will be confused in giving interest when bitcoin prices rise clear banks will lose from bitcoin price increases
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July 16, 2018, 02:14:43 AM
 #1093

No it wont happen because it requires a good digital wallet that will reserve for the bitcoin deposits. At the same time banks could never had the assurance on that part but it could happen when there is a good digital wallet. Maybe one day if there is a digital wallet that could prove its worth that could not be breached out by anybody then probably one day bank will accept bitcoin deposits.
ThePogi
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July 16, 2018, 02:22:05 AM
 #1094

Well it is good is the banks offer that kind of investment in us, Less risk and less hassle at all and you can secure your bitcoin on it. Its up to them how they make it double or how they manage your bitcoin in safety process.
henmark
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July 16, 2018, 04:51:51 AM
 #1095

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
First thing first if banks decide to introduce bitcoin deposits in it in large scale then countries will need to centralize the use of bitcoin only then bank will be able to invest our bitcoin or whatever crypto currency it is in other investments, secondly bank must build some special kind of wallets which are literally hack proof since bitcoin is a very vulnerable and easy target for hackers over the world.
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July 16, 2018, 05:21:32 AM
 #1096

it seems they will adopt cryptocurrency within the next few years
cryptocurrency will be used by the world's population for various transaction purposes
and the bank will not lose its popularity either

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July 16, 2018, 06:49:39 AM
 #1097

I am a person who does not trust the bank completely. Regardless of their form, they seek profit for themselves entirely as logical but otherwise very bitter.  Undecided

You're right! Absolutely! Couldn't agree more.

Of course, with time, which could be years, if not decades, as soon as bitcoin price settles down we can expect the banks to come into play just because they wouldn't want to lose their business.
BUT, the banks are totally unreliable so why would I bother to place a deposit with them when I can make a lot more from my cryptowallet? What's the use of bank deposits when we have something way more reliable and secure than banks?
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July 16, 2018, 06:57:53 AM
 #1098

During this, I to the bank never offered to deposit a Bitcoin. That they were confused when asked me what your job and I answer Bitcoin. And they all still feel free and ask what is Bitcoin and how it works. Perhaps in my country when Bitcoin haven't fully community know.
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July 16, 2018, 07:16:04 AM
 #1099

I love depositing my fiat to the banks and they are making money with it but if its bitcoin. I don't think I would avail this service but there's a possibility that it will come and they will be targeting those bitcoin investors/holders that doesn't really understand on what bitcoin is, being your own bank. They might attract those type investors by saying that their bitcoins will be safe on their hands. We know on how the banks are doing well in making money.
I too love depositing my hard cash in bank and enjoy the interest over it but if bitcoin deposits starts I don’t think I will be excited enough to invest my bitcoins in it knowing that the bank’s method will be very new and vulnerable to multiple threats rather if needed to invest I would love to turn my bitcoins into fiat and then invest them in bank and feel the relief that my money is safe and increasing there. But maybe in future if the bitcoin depositing feature comes and seems promising to me I might try it too.
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July 16, 2018, 07:30:45 AM
 #1100

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Every business needs to adapt to changes and challenges like this. Im pretty sure banks are already finding ways to join the bandwagon.they will surely profit from it. It would just be a matter of time until they accept bitcoin deposit and withdrawals.
Every business needs to adapt to changes and eventually they do adapt to changes but for something like bitcoin it will be pretty hard cause its not only the bank who is needed to adapt to the situation it is the govt and also the economic situation of the country will be in stake, although it is achievable but only when the country it is to be enacted decides to centralize bitcoin and other crypto currency.

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