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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
kwarto
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June 08, 2018, 03:08:26 PM
 #481

there are really bank that offers btc as their deposit... in my country one of the famous commercial bank is now starting to hire IT professional to study and create blockchain in their system... as a started they put some computers on the lobby for mining btc. they are very serious in embracing blockchain.
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pabpete
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June 08, 2018, 03:22:49 PM
 #482

there are really bank that offers btc as their deposit... in my country one of the famous commercial bank is now starting to hire IT professional to study and create blockchain in their system... as a started they put some computers on the lobby for mining btc. they are very serious in embracing blockchain.
Digital Bank WB21 is the first financial institution offering bitcoin acceptance and therefore provides an extreme shortcut for the conversion process of turning bitcoin into cash.More than 650,000 customers have experienced the real time set up process, of a checking account over the Internet or by using WB21´s mobile app.
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June 08, 2018, 03:25:37 PM
 #483

I still don't know such bank other than some online institute and One KFC. But I heard news on Chinese regulation on BTC

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June 08, 2018, 03:30:34 PM
 #484

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.
How are they going to secure it in the first place? maybe put it in a hard ledger before putting inside a bank.

Banks are wiser that what you think. Instead of offering services for bitcoin, why don't they sell their own coin eh?
punkster
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June 08, 2018, 03:32:15 PM
 #485

I don't think the banks are going to accept the crypto revolution as thats something that threatens their monopoly over money. And the banks would never allow something like that to flourish and try to create negative campaigns against it.
fortnite
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June 08, 2018, 03:33:58 PM
 #486

well if btc will become legalized one day and if the banks would have an interest on them than definitely they would offer btc deposits.
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June 08, 2018, 03:35:17 PM
 #487

Banks are angry with the invention of bitcoin because they feel people are no longer saving money in the bank as a result they may not offer bitcoin deposit too soon
worldsuccess01
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June 08, 2018, 03:41:25 PM
 #488

Will its a good idea banks ever offer bitcoin deposits its not possible it will be happened in my country if the government searching for the good of community and support the policy of banking the bitcoin.
arya123210
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June 08, 2018, 03:45:04 PM
 #489

yes surely all sites will offer huge profits but they can only last up to 7 days alone they will not last long and I never see banks offer for bitcoin so far
osmo
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June 08, 2018, 03:46:18 PM
 #490

I have never received an offer of bitcoin deposits from banks, because in my country bitcoin not legal so it is impossible banks offer products bitcoin, because it would violate the law in my country, another case if the country has legalized bitcoin

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June 08, 2018, 04:10:24 PM
 #491

maybe for now the bank has not offered anything like that, if only the bank offers this bitcoin, it is good to facilitate in transactions so far if the bank wants to cooperate with bitcoin.
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June 08, 2018, 04:58:23 PM
 #492

Banks will have difficulty accepting or paying with bitcoins in nations where cryptocurrency is yet to be accepted as an official means for exchange. But there are rumors in some quarters that some cryptocurrency banks exist. You can your research.
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June 08, 2018, 05:57:30 PM
 #493

First of all I don’t think so that this will ever happen. Bitcoin being decentralized aims at eliminating intermediaries involved in financial transactions. This makes banks totally useless. Why would banks be so welcoming and friendly towards Bitcoin under these situations? Second, even if it accepts such deposits, it would not be very attractive. I mean I will not deposit my Bitcoins there as I can earn much from the market than a small, stable rate provided by banks.

That's one interesting point you've presented here, my friend. There would be no reason for banks to offer Bitcoin deposits as it would defeat their real purpose in this world. Since Bitcoin eliminates the middleman, it's often seen more as a threat to banks and governments alike. The level of decentralization the original cryptocurrency has, allows anyone to be their own bank.

Another thing that would need to be considered is that Bitcoin is an extremely volatile currency, when compared against fiat currency. Its instability would render deposits in banks useless, as they won't be able to offer stable interest rates to their customers. Therefore, I think that it's best for people to secure their own Bitcoin by being their own bank. There are many alternative cryptocurrencies which offer attractive stake rates, allowing you to multiply your money without the need for a bank. As such, Bitcoin is the cryptocurrency you'll ever need to gain control of your financial future. Wink

Omega Weapon
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June 08, 2018, 09:16:13 PM
 #494

First of all I don’t think so that this will ever happen. Bitcoin being decentralized aims at eliminating intermediaries involved in financial transactions. This makes banks totally useless. Why would banks be so welcoming and friendly towards Bitcoin under these situations? Second, even if it accepts such deposits, it would not be very attractive. I mean I will not deposit my Bitcoins there as I can earn much from the market than a small, stable rate provided by banks.
If we have a decentralized currency and we have decentralized exchanges how long it will take until we have a decentralized platform to lend money with bitcoin? This going to be something complex but it will happen and when that happens all the possible reasons of why we could need a bank are going to disappear and we could stop using banks in a definite way.
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June 08, 2018, 09:33:17 PM
 #495

I don't see US banks accepting BTC deposits. The concept of BTC undermines bank transaction fees. Depositing BTC in a bank would only tack on additional fees from the blockchain.

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currencydesigner123
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June 09, 2018, 04:24:30 AM
 #496

Bitcoin is a currency that has always struggled to break into the mainstream. This will place even more pressure on legislators to come up with comprehensive plans for regulating a new asset class. A bank accepting bitcoin sounds quite unusual; however, it makes total sense when you see it from a customer’s perspective. For example, Skandiabanken recently announced it plans to offer clients the ability to link bank accounts to cryptocurrency holdings.
abhi777
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June 09, 2018, 04:34:36 AM
 #497

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.
it may happen that banks offer bitcoin for deposit but in my country bitcoin is still prohibited for direct transaction and not yet become official currency
ir.yance
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June 09, 2018, 04:37:59 AM
 #498

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 have never heard in my country that the bank receives a bitcoin deposit. I think the banks in my country will not accept bitcoin deposits because the government in my country has not formalized bitcoin as a means of payment.
I am sure in a country that has received bitcoin inevitably the bank in the country received a deposit with bitcoin.
clickerz
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June 09, 2018, 04:38:59 AM
 #499

Not yet but  I am hoping for it. I know there are banks now considering cryptocurrency assets. There are partnerships already using the blockchain in financials and remittances and its a matter of time or some are in testing phase already, we will  seeing its implementation.

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akihiko
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June 09, 2018, 04:40:22 AM
 #500

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.

That depends if they will make a profit or if the system is secure and depandable.
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