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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
dutchkay
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June 01, 2018, 02:47:17 PM
 #361

I ddon't think banks will ever agree to offer cryptocurrency to its customers. Banks are not there to make money for you  rather for themselves. They might  find ways to use blockchain and offer some services note not crypto here. Bitcoin is like a competition to them and besides why would bank offer you that much interest like bitcoin. Since there existence have one ever earned any single digit for just saving with them rather than they finding means to deduct your holdings.
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nichoslalble
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June 01, 2018, 02:54:30 PM
 #362

You are right, it takes time, if a certain country allows or legalize bitcoin already then there is a big chance that bitcoin will accept in a bank and has a potential as well that they will offer bitcoin deposits.
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June 01, 2018, 03:08:36 PM
 #363

But storing bitcoin is a risky business.
If there are no professionals in the bank, all bitcoin cannot be recovered in the event of a theft.

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greg0rioo
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June 01, 2018, 03:09:40 PM
 #364

I think a bank would not dare to offer bitcoin deposits to its customers. Due to the risks of bitcoin being too large and the bitcoin value that is too high but unpredictable, this can hurt the bank one day without realizing it.
Black Angel
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June 01, 2018, 03:12:17 PM
 #365

Bitcoin is a phenomenon and is popular because of the ever-increasing number of users, it certainly makes banks worry that one day soon will make bitcoin as the official product of the banks.
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June 01, 2018, 03:22:11 PM
 #366

I have perused a news on this point today. It's about some monetary organizations taking a shot at crypto cash interest in the US. I don't have the foggiest idea about the wellspring of the news and reality. However, I imagine that in a brief timeframe (inside a couple of years), the banks will positively have the capacity to deal with this. Else it isn't conceivable. There is a monetary incentive in the center. Bitcoin and a few coins are as of now a major contender to the managing an account part. In the event that the crypto cash segment does not go to collaborate with the banks, we may not see the saving money area that we know today. Since numerous activities offer significantly more than banks guarantees, substantially less difficult. All you require is web and a PC.
Nakakapagpabagabag
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June 01, 2018, 03:32:23 PM
 #367

If bitcoin continues to improve and potentially skyrockets next year then it is certain that banks are not able to stop users so receiving bitcoin deposits is something to be done.
Not even in the future, because banks is against bitcoin because of its volatility, its potential to decrease and increase unpredictably. Banks are not risking on something that dont have a exact value, and they're scared of it because it might be their biggest competition in the future. Banks wants constant gaining of profit, and something that they can manipulate.

Happy Fun
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June 01, 2018, 03:49:40 PM
 #368

Hmm. I don't know, But see the price bitcoin today, it can be a possible. when bitcoin reach a gold price that's good news for the miner of bitcoin. They hope bitcoin will change be better in the future. Smiley
Antonina
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June 02, 2018, 08:31:17 PM
 #369

Very unlikely, but in principle possible. but why do people do this? This, to a degree, gives rise to the goal of being your own bank. I certainly can see people using this service, if we had it
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June 02, 2018, 11:48:21 PM
 #370

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.

Maybe. But now, none of the banks have accepted Bitcoin for deposits/withdrawals, leaving us with the only option of fiat currencies issued by governments. It could probably be this way because Bitcoin poses a threat to banks' current economic system, as Bitcoin eliminates the middleman and gives control back to the people. As such, Bitcoin and banks could remain as rivals for many years in our world.

Therefore, I doubt that there will be a possibility for banks to be able to offer Bitcoin deposits. Unless, governments pass a bill to allow banks to do so, and banks become interested in offering Bitcoin deposits to their customers, we won't be able to experience this anytime soon. But, in the bright side, we can be our own bank by securing our Bitcoin in cold storage, and even hardware wallets, without the need to trust a third party or middleman. Wink

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June 04, 2018, 10:57:10 AM
 #371

I suppose that would be positive for us! I would place some of mine to coutry to stewart them and it will bring me profit.

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June 04, 2018, 11:17:33 AM
 #372

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 coin is suitable for investors at the moment, namely at the moment, recently rose and I think will continue, because now everything is in the hands of this coin.

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June 04, 2018, 11:44:09 AM
 #373

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.
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June 04, 2018, 11:47:09 AM
 #374

If bitcoin continues to improve and potentially skyrockets next year then it is certain that banks are not able to stop users so receiving bitcoin deposits is something to be done.

I do not know why will they do that since people can just store and take care of their Bitcoins, why hire people to hold your Bitcoins and other digital currencies if you can do it yourself? It is a decentralized digital currency for a reason. In the future, even if the banks accepts Bitcoin deposits, I don't think I will be depositing any money to them except my salary.
BitProCoin
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June 04, 2018, 11:47:27 AM
 #375

That idea might came through someday that banks all over the world would accept bitcoin deposits according to the banks term and conditions, this might possibly happen in the future because some banks now accepts payments and transactions using bitcoin and other altcoins, this would come to reality.
The KGB
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June 04, 2018, 11:49:18 AM
 #376

it is always good to have some kind of dreams like this one, but i think that this is more than unrealistic from all the sides, i do not think that it can happen anytime soon.
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June 04, 2018, 12:07:17 PM
 #377

it may happen that nobody knows about the future but the risk of unstable price will be the challenge itself for the bank in making this decision, but if it happens I am very interested if I later have more btc, if the bank system can be cyclone with btc and technology development will not be impossible
 
xaker74
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June 04, 2018, 12:27:49 PM
 #378

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 banks suddenly do this, then the price for one bitcoin can really go to 1 million dollars! But for now, it's fantastic.
Wintersoldier
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June 04, 2018, 12:52:08 PM
 #379

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.
Every thing is possible, adaption by means of regulations and innovative policies may indeed allow banks to accept bitcoin into their operational system. Position and leveling is so crucial these days. A decade before, no one even knows that such technology might emerge in the market, so we can not put limitation on the progression and possibilities of bitcoin in the future.
Ishiro5
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June 04, 2018, 12:55:39 PM
 #380

Maybe not exactly deposits but most certainly they have to find a way to collaborate with this ecosystem if they must stay relevant in few years to come.
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