Will banks ever offer bitcoin deposits?

[Haliburton]

It could be, if bitcoin would be worldwide accepted or at least most of the countries will accept it because for now banks are not recognising bitcoin as a serious threat for their business.

It all depends on the level of demand Bitcoin would get, for banks to adopt it as a currency for deposits. Regulations also play a key factor, especially when a currency like Bitcoin is not backed by a government. Most banks seem to look at Bitcoin as a serious threat to their business model. As such, the probability of a bank to adopt Bitcoin for deposits would be very minimal.

But, if we get to see a bank in the future where it could accept Bitcoin for deposits, then I'm sure that it would be very beneficial for the cryptocurrency's mainstream adoption by people around the world. A CD, or an IRA bank account based on your Bitcoin savings would be neat, in my opinion, since people would be able to get the same benefits as fiat currency, but with a cryptocurrency that's bound to increase in value over time. Maybe this might become a reality in the future, or maybe not. What's most important is, that Bitcoin was designed with the purpose to eliminate the middleman, which in effect defeats the whole purpose of a bank. Therefore, you as a user are your own bank since you control your Bitcoin balances with the corresponding key pairs.

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[Zhess Miller]

 Most banks don't.
But most second level banks are starting to like Fidelity or PayPal and other payment provider allow for Bitcoin payments.
At this point withdrawing Bitcoin for an ATM is your best bet or using a credit card connected to a Bitcoin wallet.
 Your last option is depositing your Bitcoin in a crypto exchange see your Bitcoin into fiat and then wire transfer that fiat out to your bank account. This is your best option right now for larger amounts.

[maihoa156515@gmail.com]

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

[Miguel Fulton]

Generally , bank direct not deal with bitcoin but, Here is best option right now for large amount.

First , depositing your Bitcoin or Ethereum in a crypto exchange and sell it for your currencies or your Bitcoin into fiat and then wire transfer that fiat out to your bank account.

[Derizo]

As there is no physical existance of bitcoin like flat currency. So no bank will ever offer such type of currency. The trade in international market is in physical currency. All deposit and every banking is done in flat currency. In future it is pridictable that may some bank offer.

[travelgear17]

I think it will not occur because it has exclusive cutting-edge in the event that they happen? it is going to be manipulated and clean to govern by using financial institution . So its correct to install pockets and wait till the charges will upward push and promote it in an inexpensive charge.

[GokeVN]

No matter how volatile is Bitcoin, the Banks shall definitely be earning more rewards at the detriment of all their customers, leaving you to virtually very little or nothing if such situation could arise, of which Banks would also subscribe to this idea if well implemented,. But I'm also sure they would not do so this time around since the economy is yet to accept the operation of Bitcoin in most of the worldly economies due to its deregulation and decentralization.

[melted349]

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.

If I am going to compare into our time or generation I think, none of the for now won't do it, but the trend can't be stop and

controlled so probably in the near future banks will accept the fact, whether they like it or not where if they can't beat them of c

course they must join them.

exactly as of now there is no other way of this can be happen or any proofs that it may be but believe it or for more coming years on bitcoin there is some chances that this can be happen well we should wait for this yet.

[kapitansugat]

I don't think so. Banks hates cryptos because they are afraid of it.

[renata.tuncha@ex.ua]

I do not think so but I think that banks will invest in some Token Sale projects and will support it how they have done with interesting startups And you? And I have found a really safe application. It calls Socratus. It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem such as property, flight delay, cyber insurance and etc. Their main aim is to help insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level.

[42K]

Now btc acceptance I think for now is being done all over the world now. We are all waiting for a time that people will totally accept btc and when this happens the banks cant resist it and will by all means accept the deposits of btc. It is just a matter of time.

[Huntsman82]

Now btc acceptance I think for now is being done all over the world now. We are all waiting for a time that people will totally accept btc and when this happens the banks cant resist it and will by all means accept the deposits of btc. It is just a matter of time.

It's not a matter of how many people use BTC but it's unpredictability.

[market-beta]

until now I still have not heard and see if there is a Bank in my country in Indonesia. which offers a deposit using bitcoin or altcoin gan. but hope I hope for the future there will be banks that offer deposits using bitcoin

[RomanPetrush]

Sure, there is an Online Bank called Revolut. You can buy and sell cryptocurrency but you can't send to some regular wallets, you can use this crypto only for investing on your balance and send it to some Revolut users.

[kwusu]

Of course yes. Some banks have already started with the bitcoin deposit. Banks are now realizing the essence of bitcoin deposit and so some have involvesd themselfs in bitvoins deposite.

[tsinelas]

If we speaking kinda teoritally.. well, I guess it is possible sometimes.. maybe after all bitcoins would be mined.. and price could be more predictable.. but I'm sure banks will not offer for you very good conditions...
They will earn money for themselves first of all..

But I think it is good if banks can accept bitcoin,  and I think it's already done . In the Philippines PNB , LandBank accepts money from bitcoin it was bitcoin that is converted to money and transferred  to banks,  I think there's  no difference in it.  The money was transferred  virtually without anyone going on the actual bank or money transfer,  just click and it'll be sent.  And also the bitcoin or money will be used by the bank and it'll be an advantage for them .

[yourialfa]

It seems impossible and will not. Because I know that the bank is very opposed to bitcoin and how can banks menyaranka bitcoin. That does not seem possible. Bitcoin will not be related to the bank in my opinion. Because banks are very afraid of bitcoin.

[kiatitami]

My thoughts are not, because the value of BTC is unstable, they always change, so the bank will not dare to receive and send by BTC, and with security is also more difficult fiat money so risky high for banks

[Bitcoinnumberone]

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.

It's possible i hope that will banks offer bitcoin deposits because a lot of help if banks will offer bitcoins. We should be high technology right now for me a lot of people use bitcoin so if i manager of banks i offer bitcoin to earn our business a big help that bitcoin because we can earn money to that but let us see to the future i know that greater things are yet to come in bitcoin.

[Jay51]

Every business find to new way to earn more and more profit. Bitcoin and bank is competitor of each other. It possible but not like near future.