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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
Tuyoqhh
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June 18, 2018, 02:42:49 PM
 #641

Before we see banks offering bitcoin deposits and as long as bitcoin is not authorized in all countries in the world, I think banks never offer bitcoin despoit in their service, because if this happens I think bank is not kingdom regulations  Wink
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maloibtc
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June 20, 2018, 07:41:05 PM
 #642

Information about the money on the account is nothing more than a record that the bank owes you, you no longer have control over them. It is more difficult to carry out such manipulations with cash, but even without touching them in your pocket, banks can reduce their purchasing power by issuing new money. In fact - diluting your share of ownership
tracy.hong
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June 21, 2018, 04:58:35 AM
 #643

that is possible because banks need to enhance their business for sure in the near future they will offer bitcoin deposits. so how to compute the interest rate if ever banks  will open an account fo bitcoin holder.
Tomborneque_1102
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June 21, 2018, 05:25:25 AM
 #644

Some think that Banks will take the chance and offer Bitcoin deposits and withdrawal too. But It will only happen if Bitcoin will show stability. I believe that Banks will not take any risks if they knew that Bitcoin is not stable. sooner or later, the World will legalize Bitcoin. So the Banks will probably take this opportunity.
ghost07
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June 21, 2018, 05:30:43 AM
 #645

They already receiving a deposit with the use of coins.ph in our country we can deposit bitcoin to some banks but they will be converted to philippine money direct.
cryptokingdom
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June 21, 2018, 06:17:56 AM
 #646

This is not possible, bitcoin is not meant to operate that way. When bank is involve it will need the involvement of a third party for transaction to be done with your bitcoin. Bitcoin cannot be deposited in banks because blockchain technology is a bank on it own.

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Salesman4coinZ
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June 21, 2018, 06:23:34 AM
 #647

Dont wait for bitcoin and cryptocurrency deposits from banks. I think it will not happen in near future. The banks are afraid of cryptocurrencies, because they are totally against their spirit. Cryptocurrencies are decentralized, so which means no one can controll them and thats why bank dont like it. The banks need to controll your money or they will lose their power.
sheyicrypto
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June 21, 2018, 06:33:10 AM
 #648

this will be very great and multitasking becausebanks do not go in the same spirit with crypto and that will be very hard to do, banks see crypto as a running and banks are legal entity, they knew if crypto is accepted there will be problem with their operations
vonnyaries
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June 21, 2018, 06:42:40 AM
 #649

with this situation that the many people and govertnment that doens like bitcoin and they want to banned bitcoin i think banks cannot offers about bitcoin deposit fot their programs, but maybe this is will happen if someday bitcoin and other cryptocurrencies is accepted in all country ang governtment

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vvaswert
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June 21, 2018, 06:43:43 AM
 #650

Banks can also offer deposits in USD, EUR and so on. If banks will offer deposits in BTC, they convert them to USD, EUR and other currencies and then make their profit, so most probably they convert BTC deposits, so it is quite simple bank job.
DoublerHunter
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June 21, 2018, 06:46:01 AM
 #651

I don't think they will offer bitcoin deposits because the banks are centralized and they want to get control of what they are using and since the bitcoin is not stable then it is not a good option for them because they might loss some profit or money if they will accept or offer cryptocurrency deposits so i think, they will never offer bitcoin deposits.
Singwala
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June 21, 2018, 08:02:24 AM
 #652

If the bank accepts the deposit of bitcoins it can be a huge demand for the bitcoins to increase the price. Certainly many bank investors and also buy bitcoins and are sure that this will be the beginning of the crypto currency revolution. It will be legal and applicable to all payments.

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chidrawarster
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June 21, 2018, 08:06:47 AM
 #653

Yes that a nice idea. Banks also can join the crypto community and use their technology and also btc as withdrawal or deposit option as well. But I feel even banks will be benefitted from that increasing their user base as well. I would see in the future that even banks will join this community and even make more influential community ever.

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vividbery
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June 21, 2018, 08:34:19 AM
 #654

I think that's impossible because maybe later there will be big problems due to bitcoin price fluctuations. Besides the bitcoin properties are not easy to cashout. Well related to the value of bitcoin is very high if there are users who have a total value of bitcoin as much as 1 million dollars for example whether the bank will also be able to cashout it in a short time?
david tex
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June 21, 2018, 09:09:07 AM
 #655

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.
cintya31
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June 21, 2018, 12:20:01 PM
 #656

So far there has been no bank offering about btc, most likely it will never happen because of the many countries that oppose.
funnynews
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June 21, 2018, 12:32:32 PM
 #657

It can be real in near future, but the price will be high for that service. Commission and taxes, for this feed their finances. I think, it will not be popular in the world. Banks are afraid about their future.

wilburwilbur
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June 21, 2018, 12:36:50 PM
 #658

I don't think they will offer bitcoin deposits because the banks are centralized and they want to get control of what they are using and since the bitcoin is not stable then it is not a good option for them because they might loss some profit or money if they will accept or offer cryptocurrency deposits so i think, they will never offer bitcoin deposits.
but they will allow it though. as far as there are no interest concern. you can deposit bitcoin in bank in my country
but the thing is they will make it as a fiat currency because of its stability
if ever bitcoin will be stabilized(the price will not be highly volatile like the scenario at the moment) then they will allow it to deposit and let it sleep with an interest
in the future maybe. not right now but a decade or something . when all bitcoins are mined . things will change for sure, the concern of the banks why they are not allowing it is because of its volatility

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saumang2m
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June 21, 2018, 05:46:44 PM
 #659

I think it is possible in the future. But at this time the bank is not expect Bitcoin. Because all the world's banks are unable to explain their opinion on crypto currency. Whether the crypto currency is illegal or not. There are only a few banks which have adopted the crypto currency. But there are still many banks who have considered this currency as illegal currency.

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Moblie_Legend
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June 21, 2018, 05:52:55 PM
 #660

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.
let alone to offer deposits with bitcoin in my country transactions with bitcoin directly it is prohibited maybe in another country it can already be done
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