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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
MCVXYZ
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June 12, 2018, 11:26:55 AM
 #581

Commercial Banks activities are regulated by national(Federal) banks and very often they create norms which are against of this,So they regulate relationships related this,Today I know too many norms created like this which confines commercial bank's activity to do services like this,Because they have their own profile activities defined by their plural regulations and they can't do something which errs their original ,,job''.For this they need to create new platform ,Like exchanges or something like ,,bitcoin bank''...
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Grechkatx
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June 12, 2018, 08:47:05 PM
 #582

I think that such a future is possible and quite soon. Deposits in bitcoins will be profitable enough for the banking sector as soon as they legalize the cryptocurrency in many countries.
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June 12, 2018, 08:51:32 PM
 #583

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 this kind of stuff can happen but it has a lower chance that it may happen, banks are usually run with fiat money so it is hard to use cryptocurrency to a bank because cryptos are very complex thing to manage.

Tosg399
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June 12, 2018, 09:12:50 PM
 #584

Yes, as time go on, bank will accept bitcoin as deposit.
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June 12, 2018, 09:50:34 PM
 #585

Yes many sites are offering deposit with bitcoin but we also have to be careful because there are still many scam sites that are still active until now so we should be more careful in every investing in new or old sites

I think OP do not asking about the sites which offer deposits but they are asking for the banks that banks offer bitcoin.
I think the banks can start it and they will do it but right now they are waiting for the decision of their governments. It is already working on that countries where it is legalized and the banks will doing their hard to adopt bitcoin. In the future we can expect the web wallets from these banks.
joy99
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June 13, 2018, 12:24:33 AM
 #586

I have not heard of any banks planning to do that but as mire countries accept and use bitcoin, they won't have any choice than to accept bitcoin deposits because the fiat that is generally accepted itself is by the people who accept it. If they decide to shift to a particular medium of exchange, I think that should be a problem to banks.

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https://bitcointalk.org/index.php?topic=5162299.msg51726822#msg51726822
ShitTL
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June 13, 2018, 01:05:29 AM
 #587

At present, the bank has not accepted the bitcoin yet, but the future is the question that we are not sure what will happen to what the bank applies to bitcoin, and whoever Hopefully the bank will trade through bitcoins
joliepaul
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June 13, 2018, 01:21:09 AM
 #588

Of course they will. It's a lot of money, they will not stay away. But I did not trust them and I will not trust them.Particularly Banks, as a banker or a business person you must be on trend and capable to keep pace on the trends. Banks may be have plans on how they can survive if people will choose to invest on bitcoin than their own bank.
As of my solution for them the banks must do application or developing works and make digital wallets for them to gain even people investing on Bitcoins.
Arkham Knight
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June 13, 2018, 02:50:13 AM
 #589

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's not a very tempting offer even they do it. I would only accept it if they had offers on staking your other altcoins and let it open for 24/7 days because it has bigger profits compared to their dirtcheap 1 year profit.
RXKING
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June 13, 2018, 09:36:42 AM
 #590

For now the bank has not dared to connect with bitcoin, let alone offer deposit. But if many governments are already convinced and accept bitcoin then the bank will definitely try to do and offer to its customers bitcoin deposits
but, it could be possible for small banks to accept bitcoin but not in deposits but it could be in exchange to fiat money. This banks are also doing some innovation on how to get along with the new trends of nowadays technology. So if bitcoin for them will be a good one to get involve with then creating a means for the crypto or bitcoin lovers for them to benefit also is an advantage.
kingkongcorp
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June 13, 2018, 09:46:39 AM
 #591

no I have never heard of banks offering cryptocurrency deposits in almost all banks and I see a lot of sites offering doposito cryptocurrency but that's just a scam site because even now the government does not allow its citizens to use the cryptocurrency currency in their country and the same bank does not accept cryptocurrency to become their national currency
Marlo0619
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June 13, 2018, 09:51:08 AM
 #592

Will Banks Do That?

Well I guess, for me, Yes it will. But not for now. Not tomorrw, not next week but for the next few years. Bitcoin do help people make money. But the problem is that some banks don't cooperate bitcoin. Soon I guess banks will offer bitcoin deposits.

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Boromon
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June 13, 2018, 09:59:43 AM
 #593

 I don't think banks can accept Bitcoin deposit. Because banks and other governmental organizations are trying to ban bitcoin thinking of losing the power to control. Since it is a decentralized cryptocurrency and no one has a central hold of its power, the two can't make an agreement.
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June 13, 2018, 10:14:50 AM
 #594

I do not know very well the bank has offered deposits in bitcoin or not because my country has not implemented the same thing. if it does happen the bank offers deposits in cryptocurrency may be the opportunity of other companies to apply things to make transactions using bitcoin then explode the investors who invested the money. Every business needs to adapt to these changes and challenges. I'm sure the bank has found a way to join. They will definitely get a profit from it, It's just a matter of time until they receive a deposit and withdrawal of bitcoin.

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Blondy12
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June 13, 2018, 10:38:59 AM
 #595

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.

No i don’t think so. By now, i am sure that banks are aware that bitcoin was created to eliminate banks. For the people to have fully control on their own assets to be carried anywhere we want to be. So why would people preffered to deposit it on bank just like we deposited our money before bitcoin was existed? And besides there are some counties that already got atm for bitcoin. As of the moment, my country only got one in the main city but in time it will be visible to other cities also.
SteveCrypto555
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June 13, 2018, 10:44:45 AM
 #596

Heard something about that bank are banning crypto account off companies in Europe. Stil dont know where is the true. Buit hope this wont be.
Totoky
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June 13, 2018, 01:10:25 PM
 #597

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.
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June 13, 2018, 01:54:53 PM
 #598

This is possible.  but in my own opinion other monetary currency will not allow bitcoin to be deposited in the bank
The power of cryptocurrencies is causing more and more major players to take notice.  This is why cryptocurrency education is important as the landscape is always changing..
elghoniya
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June 13, 2018, 01:59:48 PM
 #599

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's right. I don't think Bank will never receive deposits cryptocurrency because they will get the end when they do it. I think cryptocurrency want to end the banking system why banks hugged him? cryptocurrency is decentralization and banks centralized against each other. so I think it's hard case.
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June 13, 2018, 03:38:51 PM
 #600

There might be very less chances of this that the banks of any state will offer to deposit in the bitcoin because due to this their margen will be reduced to almost negligible and banks will have to face the major losses throughout the globe.
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