Will banks ever offer bitcoin deposits?

[CoinSpeculator]

one day the financial institution will realize the huge potential and advantages presented via Bitcoin and cryptocurrency, it's miles simplest a be counted of time earlier than the majority of them can be part of the fashion

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[PAKYU]

I like to deposit my fiat to the bank and they make money with it but if its bitcoin. I do not think I will take advantage of this service but there is a chance that it will come and they will target the investors / bitcoin holders who do not really understand what bitcoin, be your own bank.

[Qeupe]

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 do not agree, it is precisely this is very risky for banks that offer this service. "It is much easier to steal digital currencies than traditional currencies if they are placed in the same place and network" this was stated by an expert on cryptocurrencies, this system would be vulnerable to hackers if not guarded with very good security.
in addition, the nature of decentralization, philosophical anarchism and freedom from bitcoin risks losing its appeal.

[people12345]

Bitcoin is unpredictable in nature, I trust you will realize that and after that banks dependably anticipate that the steady cash will store them as it were. In the event that they permit bitcoin as an installment and after that BTC value drops and knock there will be huge issue for the keeping money side.
So they may have bitcoin installment as choice like elective alternative like how we have reserve funds, current and so on. So far no banks may in a few years they will acknowledge the bitcoin and alts as an installment alternative.

[Baekhyun]

I personally prefer the current system, because it does not require third party intervention in the transaction. If the Bank really offers a bitcoin deposit in its service, precisely the attraction of bitcoin, which is decentralizing the system, will disappear. In addition, its security will be maintained by a network that may be more easily hacked by hackers.

[Olalomi]

The possibility of banks accepting bitcoin as deposit may never come to pass considering the posture and threat cryptos particularly bitcoin to the banking system due its decentralized features. Cryptos also serves as store of value thus undermining the usefulness of the banks investors will rather hodl their bitcoin in a secured cold wallet.

[YNAGS Team]

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 for me, I am looking forward for that to happen, because it is one of the wisest things that banks can only do, in the case of cryptocurrency will take their job completely. The wisest thing would be to adapt.

[Pancheng]

Smaller bank with online wallet is possible since you can connect other wallet using links on other wallet but as for bigger bank some transaction direct to crypto wallets are restricted and some wallet shows an option "this transaction is not to buy Bitcoin" to make sure they will not be forsaken if you experience some unfortunate things on crypto.. They are taking caution....

[Oliveir]

As I said on my previous comment... Bank are taking precaution for themselves not to directly involve in their bank user investment on crypto so on the wallet when you send amount to uncertain account it always shows a button "THIS TRANSACTION  IS NOT RELATED OR PURPOSELY FOR BITCOIN" ...

But some banks are not giving chance to their member to use in crypto wallets...

[Pan Troglodytes]

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 for me, I am looking forward for that to happen, because it is one of the wisest things that banks can only do, in the case of cryptocurrency will take their job completely. The wisest thing would be to adapt.

And they will adapt, I have already heard of banks starting to offer such services, look: futures trading has already started last year and one may only expect that the range of such services will grow with time. At beginning slowly, but then things WILL escalate.

[Syarief28]

impossible to happen, even if banks, or most of them, must oppose the emergence of Bitcoin and all cryptocurrency. We don't really know that some other open-minded bank owners have pondered the opening of the Bitcoin deposit in their system. It's just that they can't easily do that because they follow strict steps and that they might be labeled as junk members.

[macarong998]

Money is everything to a bank, they will not risk their money when bitcoin always fluctuate. They will not offer a Bitcoin deposit service to you.

[Impulseboy]

While this sounds interesting, I do hope that banks will never get into bitcoins and cryptocurrency. One of the things that sets cryptocurrency apart from traditional banking is that crypto is does not require trust of any one entity or corporation. It is also cheaper to send money all over the world with no extra charges, unlike traditional banking system. If they started offering and accepting bitcoin deposits then these might be gone, I am afraid.

[bangkecol]

it seems like this won't happen. Why is that? because if bitcoin really can be legal in every bank in the world, depositors will likely switch from bank deposits to bitcoin. and this will be a serious problem for the bank itself.

The point is until now why banks do not agree with the existence of bitcoin, this is one of the problems.

[ammo121810]

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.

Yes that could be possible bitcoin could offer bitcoin deposit in the future it would be additional product for them that could be a source of their other income aside from their regular banking products.

[lekam0213]

For sure the bank are also thinking about that but on my own opinion it would really hard for the bank to do that because btc rate are very volatile that sometimes pump up to 20%+ and some banks offers only 1% interest so might be a reason why banks do not support btc.
Hopefully it will happen if the system for btc deposite is different the regular fiat depositors but let us just wait what the banks will do.

[danitech]

yes, This can be very, very profitable for banks if they make correct decision Of course I believe  Its a very good decision to the banks if they decide to offer this bitcoin deposit becuse  Bitcoin brings many benefits to the economy

[wyplashdea]

The thing is... who will risk money taking into account the high volatility of BTC? Its like having a deposit of something that could move even 20% os its value in a short period of time. Usually banks offer fix income to garantee initial capital and the rest its a derivate, an option most of the times. I cant see that kind of thinking into BTC yet.

[anume123]

This is a good opportunity for people when the bitcoin is acceptable to foreign banks and can deposit it to facilitate each transaction.

[btcdarkfanboi]

Maybe but i don't like the idea because we don't really need to use banks to hide or hold our coins, and they'll earn more for sure less profit for us