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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
Zebulun18
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August 04, 2018, 10:36:59 PM
 #1441

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.
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CrypTM
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August 04, 2018, 10:40:43 PM
 #1442

Banks are always afraid of bitcoin due to it high volatility and it's ability not to be controlled by any third part in doing it transactions.
Winterwood21
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August 04, 2018, 10:42:46 PM
 #1443

I'm not too sure if the bank will provide this service, because the bank also has its own assets and may be defeated by bitcoin if this happens. In addition, the bank also does not support decentralize the system that has become the main system of bitcoin so far, I personally still support this bitcoin system without the intervention of the bank or government.
coinnumber
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August 04, 2018, 10:51:33 PM
 #1444

As far as bitcoin remains decentralized I don't believe Banks will have something to do with it deposits. Is not that banks don't know the profits in bitcoin and other  Cryptocurrencies but the risk attached to this investment is 100% high. Bitcoin has no transaction trace like bank accounts which means any fraud carried out with Cryptocurrencies is automatically success no one to be hold responsible. That's why I don't see bitcoin as what banks will ever accept fully.
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August 04, 2018, 11:18:42 PM
 #1445

For now,  it is imposible that the bank will offer a btc deposits but maybe in the future.  Since btc is not that stable for now,  i dont think that the bank will offer such service.

adadaorlina
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August 04, 2018, 11:41:11 PM
 #1446

I think bank allowing bitcoin will never happen because those two are different individuals, crypto is a big threat and it will ruin the global banking system. I'm curious to know how much infrastructure banks would need to build in order to facilitate total crypto integration. We know on how the banks are getting along well in profiting.
Coroline
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August 05, 2018, 12:25:12 AM
 #1447

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 bank will not take big risks, because it involves customer funds, and the problem is that bitcoin is not supported by the government, prices are unstable, and there is no physical guarantee. so banks can't offer someone a loan to invest in bitcoin
Slayer21
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August 05, 2018, 12:27:11 AM
 #1448

Let's imagine the most riskiest money deposit situation will this moment ever come and banks decide to offer us bitcoin deposits , this can be very very profitable for banks if they make correct decisions offer of holds on their wallet.
yoshua27
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August 05, 2018, 12:33:00 AM
 #1449

I don't think it's possible because many countries have banned the use of bitcoin so banks must also follow the regulations made by the state about bitcoin banning
napoliground
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August 05, 2018, 12:53:32 AM
 #1450

I think,when bank accept bitcoin it means that bitcoin consider as a fiat although bitcoin is an asset not fiat.Banks and cryptocurrencies work on two different yet conflicting principles, centralization and decentralization irrespectively.
Jay51
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August 05, 2018, 12:54:05 AM
 #1451

I think it will be not accept in early future because banks see in bitcoin see a currency in competition,but now i see info- Digital bank Web 21 has just announced that they are accepting bitcoin deposits.
rapsa2018
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August 05, 2018, 02:24:23 AM
 #1452

In this area we do not know where to place the bitcoin to deposit it in the bank because the bank accepts it and legally the bitcoin can be withdrawn from the bank and can not be deposited.
tokilaka
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August 05, 2018, 05:07:16 AM
 #1453

I think there will be no way for banks to accept Bitcoin deposits but bitcoin is the evolution of the internet and currency in one. Banks also have to admit that Bitcoin is now more erratic than the price of other stocks
Nunii
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August 05, 2018, 05:50:50 AM
 #1454

We never know. As as far as I am concerned, Banks are only wary of bitcoin due to security. It's still in its infancy level. Hackers and cybercriminals every where, unless this aspect is minimized plus government support then, there's nothing else the would not do bu accept it as mode of savings and payment. This will change the whole picture of global transactions.
Macai
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August 05, 2018, 06:24:28 AM
 #1455

With what trends we have now that many countries adopting Bitcoin as mode of payment and as their money, it will not be far that banks will offer Bitcoin deposits if that is one way to secure Bitcoin accounts.
Bdstar
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August 05, 2018, 06:38:33 AM
 #1456

NO, there will be no chance to offer Bitcoin by the banking system. I personally don't believe this situation because Bitcoin is a competitor of the conventional banking system. If this blockchain system will flourish then people will lose the interest to deal with the banking system. That's why bank always discourages to deal with Blockchain system.
Saveralll
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August 05, 2018, 07:15:37 AM
 #1457

I think it's better because when this modern era bitcoin is rising to be invested and can be used for online payments and I'm sure bitcoin will become money in the future
alexsandria
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August 05, 2018, 07:53:56 AM
 #1458

I think it's better because when this modern era bitcoin is rising to be invested and can be used for online payments and I'm sure bitcoin will become money in the future
For me it has a chance that some banks in this world will really offer a bitcoin deposit but it will surely take a lot of time before it will happen, maybe after 10 years there are now some banks will offer a bitcoin deposit and for sure it will be a good news for all the investor.

GreenEarth22
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August 05, 2018, 11:21:16 AM
 #1459

Of course it will happen in the future, when the government of most of the countries accept it and make it legal then the banks of those countries will do this.
longrhm0
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August 05, 2018, 12:26:32 PM
 #1460

If ever Bitcoin could be opportunity foreign money inside the near destiny all of us particularly businesses should adopt it wisely. mainly Banks, as a banker or a enterprise character you must be on trend and succesful to maintain tempo on the traits. Banks may be have plans on how they can survive if human beings will choose to make investments on bitcoin than their personal financial institution.
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