Will banks ever offer bitcoin deposits?

[adolf512]

I believe that this is unlikely. Bitcoin was created so that we do not use the services of banks or any other intermediaries. We do not need it.

[1714558712]

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[bitcoinrunners001]

One of the main purposes of bitcoin is decentralization.Our transaction will be free from being tracked by these third party entities and provide privacy in our every transaction.Bitcoin users will use banks if ever they will offer bitcoin deposits and doesn't disregards its purpose by becoming centralized.The banks must do application or developing works and make digital wallets for them to gain even people investing in bitcoins.

[franciscoDC]

I think so,because here in my country our bank was looking for blockchan and also our national banks was looking to use bitcoin,so if theres country who will be the first for depositing bitcoin,i thinks this is my country.

[Stromspirit]

yes if the bank wants to take big risks for him and no one can guarantee itself even the country does not. if it does happen maybe the bank is already cooperating in its investment and even has a very influential asset on Bitcoin itself which can be an agreement.

[blizzard31]

many digital currency fans are glad to scape the world of fiat, in any case, having the capacity to effectively change from utilizing fiat monetary standards to managing absolutely in cryptos will require some investment and a totally new keeping money infrastructure. well it relies upon the country yet If you're situated in a country that still treats cryptos with doubt then there's still a problem with banks that will accept bitcoin deposits.

[bitfocus]

Found something on Quora just with same title https://www.quora.com/What-banks-do-accept-bitcoin

[arguelles84]

Perhaps the only, but significant enough minus investment crypto currency at interest - non-trading risks, such as the option of closing the stock exchange, as a result, the loss of all invested funds.

[yatogami]

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).

I don't think that would ever happen. Conventional banks are mortal enemies of cryptocurrencies because the latter can destroy the whole system of banking due to their obvious advantages.
So why should banks promote bitcoin??
More importantly, banks will be afraid of dealing with such a highly volatile asset as cryptocurrency - you never know when its exchange rate will fall below zero.

[TheMeritedOne]

I think they will start doing b that when more and more people start using it.When a major bank n starts doing it others will FOMO in

[ParveZ219]

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.

May be but i dont think we need bank deposits... already we are getting much better services if we are depositing Bitcoin in any other site or investing them for trade.

[yvuj101]

I have read a news on this topic today. It's about some financial institutions working on crypto money investment in the US. I do not know the source of the news and the truth. But I think that in a very short period of time (within a few years), the banks will certainly be able to handle this. Otherwise it is not possible. There is an economic value in the middle. Bitcoin and some coins are already a big competitor to the banking sector. If the crypto money sector does not go to cooperate with the banks, we may not see the banking sector that we know today. Because many projects offer much more than banks promises, much simpler. All you need is internet and a PC.

If ever I have a bitcoin I wouldn't deposit to the banks best preferable is to keep secured in a hard desk wallet and wait for the price goes up and then sell.

[Kimchu kuno]

I have read a news on this topic today. It's about some financial institutions working on crypto money investment in the US. I do not know the source of the news and the truth. But I think that in a very short period of time (within a few years), the banks will certainly be able to handle this. Otherwise it is not possible. There is an economic value in the middle. Bitcoin and some coins are already a big competitor to the banking sector. If the crypto money sector does not go to cooperate with the banks, we may not see the banking sector that we know today. Because many projects offer much more than banks promises, much simpler. All you need is internet and a PC.

Bitcoin currency and banks are different system opposite rules I may not deposited to the banks I don't want that someone manipulate my bitcoin.

[SteveCrypto555]

In torronto i cant find bank to deposti usd and get btc.. so they maybe will.

[saffira]

I  think so. As of now that the government recognize the cryptocurrency, it is possible that it will offer that deposit. Banks are somehow curious about crypto and if they accept deposit with btc, probably they will have more clients.

[Sand King]

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.

I've heard about banks here in mu country that accepts bitcoin deposits but I'm not really sure if its true. But if that's true it would be easier for bitcoin users her in my country and I believe someday it would happen worldwide in the future

[Kildin11]

Every business finds a new way to earn more and more profits. Bitcoin and the bank are each other's competitors. It is possible, but it does not seem like the near future. If this happens, bitkoyn will bring huge changes in the economy. Although bitkoyn plays its role in the economy very actively.

[20_JeRRy_20]

I doubt that the big banks will offer bitcoin deposits, but the small ones, I think , sometimes it is possible someday and will start.

[gabmen]

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.

I've heard about banks here in mu country that accepts bitcoin deposits but I'm not really sure if its true. But if that's true it would be easier for bitcoin users her in my country and I believe someday it would happen worldwide in the future

Not in the near future I think. Probably years from now but currently, banks seem to be hostile towards bitcoin since of course, it goes against what they're about. As we know, some banks even prohibit debit transactions with crypto. I mean why do they have any say in that right it's the people's money

[markleal]

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.

Hi there shield132! I think they won't do that amazing things. Banks were pretty close minded in terms of currency deposit. There are even banks that do not accept foreign currency which is a legal and official money from another country. What more if it in terms of bitcoin. One of the key problem of bank in terms of different currency is the forex. They can't simply accept and sell particular currency especially if that is not popular. I have experience something like converting my fiat to another currency or depositing another currency to my bank account. They could simply denied your request and telling that they are currently no facilities to manage those.

[Nicol3]

I think in the long run or eventually when banks will decide to join in on the bandwagon, they will give in and hopefully accept bitcoin deposits. But currently, I dont think there are banks that accept them yet.