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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
nicko122
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May 18, 2018, 08:10:00 AM
 #141

It is difficult to say what will happen in the future, especially with banks, which in fact can almost completely replace online operations. Perhaps the banks will change a lot, maybe they will cease to exist.
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cryptohopes
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May 18, 2018, 08:30:26 AM
 #142

Banks and other governmental organizations are trying to ban bitcoin thinking of losing the power to control over individuals monetary activities. But soon the banks will offer bitcoin deposits and transactions to compete with the market.
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May 18, 2018, 09:52:20 AM
 #143

This is somewhat  possible but I don't think banks can accept Bitcoin deposit. Its really going to affect fiat and might lead to crashing of it. banks are on a journey to battle Bitcoin and win. Accepting Bitcoin in banks is really not a thing to think of but might possibly happen in future .
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May 18, 2018, 09:55:35 AM
 #144

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.

when the bitcoin will become too large to ignore and it will be clear that there is no way back, I'm pretty sure some banks will start offering also bitcoin related services.

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crazymelons12
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May 18, 2018, 09:59:24 AM
 #145

I think this is possible. Yet I would say at that time maybe banks have become cryptobanks and not just banks that offers money or fiat currency alone. I think there will be a merging of these types of currencies.
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May 18, 2018, 10:00:22 AM
 #146

I think it might happen one day. probably after all the bitcoin will be mined and the price can be more predictable. but I am sure the bank will not offer for you excellent conditions.
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May 18, 2018, 10:01:40 AM
 #147

A German bank has used Bitcoin for loan payments and debt repayments from investors. This could be a big step forward for Crypto when there is a country with a large bank that accepts Bitcoin and uses it as a form of payment.

cryptotrader15
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May 18, 2018, 04:25:44 PM
 #148

Banks will eventually do the same what Telecommunication companies are doing right now by providing internet services as there is no longer use of call and sms packages because of whatsapp and facebook. same will be the case with banks. if they are not gonna offer bitcoin deposits, they will ultimately do something to provide services related to bitcoins.
markiplier.jack
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May 18, 2018, 04:29:27 PM
 #149

I think the whole idea of having cryptocurrency was to throw away the mid channels like banks and financial institutions and to empower crypto holder to have full control over their cryptos. So banks trying to get into bitcoin is fine but allowing our btc into their hands wouldn't be a wise idea.
Rakesh_alejandro
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May 18, 2018, 04:56:24 PM
 #150

I think due to bitcoins's decentralized nature they will never buy into the idea. This especially goes to the government banks. 



I think they may interesting investors that type by saying that bitcoin they will be secure in their hands. we know how to the Bank to do well in the making money. I love deposit Fiat me to the Bank and they make money with it but if bitcoinnya. I don't think I will take advantage of this service but it is possible that it will come and they will target investors / holder bitcoin that is not really understand what bitcoin, be the Bank of your own.
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May 18, 2018, 08:05:51 PM
 #151

It is only if banks come to understand that there are profits and many benefit in bitcoin and cryptocurrency trading and offers.
Mapalast
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May 19, 2018, 11:09:46 PM
 #152

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..

agree,I think it's just the matter of time. banks need to consider how fluctuate bitcoin price is so they won't get big loss. Indeed if banks would offer this kind of service , maybe we have to wait until bitcoin itself legal in all over the world.
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May 20, 2018, 12:01:10 AM
 #153

This statement will be interesting, If banks offered this service.
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May 20, 2018, 12:05:27 AM
 #154

A German bank has used Bitcoin for loan payments and debt repayments from investors. This could be a big step forward for Crypto when there is a country with a large bank that accepts Bitcoin and uses it as a form of payment.
Real bank is a centralized system and bitcoin is a decentralized form of monetary transaction, I don't think it can be interface so maybe if bank wants to have bitcoin deposition then they must have to go with the flow of crypto world and they will start making their own crypto bank.

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May 20, 2018, 12:27:37 AM
Last edit: May 20, 2018, 02:40:20 AM by ultrastructure
 #155

I think real banks won't offer that to bitcoin. If Bitcoin will be centralized then banks might offer bitcoin to deposit. But Actually, I really have no hope on this.
DreezHoly
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May 20, 2018, 01:38:58 AM
 #156

Well, maybe. they could someday, when the legislation Battle is finished and there is nothing much they can do about the existence of BTC, Then they might just consider including Bitcoin in their deposits list, something that im seeing happen very soon
iMark
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May 20, 2018, 02:00:51 AM
 #157

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.



Banks Will not offer Bitcoin deposits if ever because of being volatile. The fuctuation of the price Will cause  big loss for the banks if ever and  it contributes  big benefits for the deposiitors.
I think banks are smart too, if they accept a deposit with bitcoin, they will not take the risk to hold bitcoin in their steel box, of course they will convert it automatically to fiat with actual rate that is to avoid loss, actually it can be done by bank ? but until now there is no bank ready to do that
amadorj76
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May 20, 2018, 02:07:47 AM
 #158

Well, maybe. they could someday, when the legislation Battle is finished and there is nothing much they can do about the existence of BTC, Then they might just consider including Bitcoin in their deposits list, something that im seeing happen very soon

Maybe now the bank will not do the offering of bank deposits using bitcoin, because they are not yet recognizing it, but I hope soon the bank will do accept it as an opening.
CuteBaby123
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May 20, 2018, 02:09:01 AM
 #159

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.

This is quite difficult to happen. Imagine if you put your bitcoin in the bank, how could you get it back if ever the banks already decided to close your account? Likewise, it will need further regulations, terms and conditions in order to make your deposit safe in the bank.

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May 20, 2018, 02:20:11 AM
 #160

Well, maybe. they could someday, when the legislation Battle is finished and there is nothing much they can do about the existence of BTC, Then they might just consider including Bitcoin in their deposits list, something that im seeing happen very soon
Yeah that could have been done if the regulation for bitcoin had been implemented. we know that banks may be interested in receiving deposits with bitcoin. because banks are also looking for customers as much as possible because their goal is that. maybe it will happen in the next few years. waiting for the government to legalize bitcoin
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