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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
Dangdingdongbray
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June 22, 2018, 11:50:36 PM
 #701

Maybe someday the bank will realize the huge potential and benefits offered by Bitcoin and Cryptocurrency, it's only a matter of time before the majority of them can join the trend, so hopefully I'm sure. The bank knows for sure that Bitcoin offers many benefits and wants to take advantage of these benefits if only those who can gain access to control Bitcoin in their own way, all countries before we see banks offering bitcoin deposits and during unofficial bitcoins in all countries of the world,
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Stioned1987
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June 23, 2018, 12:06:00 AM
 #702

earlier than we see banks imparting bitcoin deposits and as long as bitcoin isn't authorized in all international locations within the international, I assume banks never provide bitcoin despoit of their carrier, because if this takes place I assume financial institution is not country rules
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June 23, 2018, 01:02:25 AM
 #703

Any day banks approve bitcoin deposits,  just know that the world is already a better place 😂 😂
chocolato
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June 23, 2018, 01:18:15 AM
 #704

I think banks today should consider having cryptocurrency as a deposit but for now it is quite difficult to implement it and at the same time it is difficult to convince banks today because of the decentralization of cryptocurrency and of course they want to have a guarantee in any money or coins they will allow in their bank.This is the best marketing strategy that can be done by the bank. To offer or add their services in crypto. If they do this, I think banks have the opportunity to develop and develop client needs.
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June 23, 2018, 01:20:44 AM
 #705

here is a great possibility that Bitcoin will be used as an investment product.Bitcoin is actually safer in our Wallet.
bellator66
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June 23, 2018, 01:24:59 AM
 #706

I do not think the bank will ever accept a bitcoin deposit. Because the state has not allowed the firs currency to circulate in my country. Which means that the state is also not responsible for any fraud against the bank.
setialovers
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June 23, 2018, 02:08:07 AM
 #707

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 that will happen. Goldman sachs as big investment banks already opening bitcoin trading desk, and I am believe they will opening bitcoin deposit in near future. Banks must be innovate their product to survive in digital era
entrepmind23
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June 23, 2018, 02:19:54 AM
 #708

You yourself write here that deposits with deposits in bitcoins will be very risky. Especially on such a risk banks will never go. They do not like to take risks. They have something to do without such a degree of risk. Bitcoin has already reached its high cost and its further growth will be doubly risky. Banks will not exactly take bitcoin in a deposit at interest. They know how to calculate their benefits, and this activity will be unprofitable.

I don't think banks will offer bitcoin deposits because it will take away the decentralization of bitcoin. Once we deposit our bitcoin to the bank, they are already in control of our coins so anytime they can spend it or in a case when the bank's wallet will be hacked then all our coins will be gone. That's why there is a concept of being our own bank because we don't need the banks for our coins to grow in value. Besides that, given the fluctuation of the price, I doubt they will be willing to take that risk.

I think banks today should consider having cryptocurrency as a deposit but for now it is quite difficult to implement it and at the same time it is difficult to convince banks today because of the decentralization of cryptocurrency and of course they want to have a guarantee in any money or coins they will allow in their bank.This is the best marketing strategy that can be done by the bank. To offer or add their services in crypto. If they do this, I think banks have the opportunity to develop and develop client needs.

Maybe the option banks would have is to become the gateway for the conversion of crypto to fiat or vice versa because it is an undeniable fact that fiat is still the legal tender so we still need to convert our coins and if they offer such services for a fee then they will profit from it but then as I can observe, some of them are against it because once they track that an account holder is involved in cryptocurrency then they will suspend his account.

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josephpogi
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June 23, 2018, 02:42:07 AM
 #709

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.
Maybe in the near future, when they find better ways to profit from it, and not Btc as threat to them. But if ever the time comes that banks will accept Btc deposits, I'll still choose to save it on wallets, i feel safer there and been using it till now.
ThePogi
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June 23, 2018, 02:58:40 AM
 #710

i Think There is a Chance but the Government was very careful about this situation, More and more large bankers are starting to realize that Bitcoin is unstoppable and they would fare much better to hop on the train instead of getting ran over by it!
baho11
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June 23, 2018, 03:04:13 AM
 #711

For now, it is very difficult for banks around the world to recognize bitcoin as electronic money. So you want to send bitcoin to the bank is harder. But we still hope that a future not far from banks will recognize bitcoin as the common currency of the world.
irinavishny
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June 23, 2018, 03:08:17 AM
 #712

How can they offer fixed returns on  bitcoins ? This can affect their business if bitcoins remains in loss in gap of one year.
senin
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June 23, 2018, 03:58:11 AM
 #713

Banks in the near future, and most likely in the distant future, will not take bitcoin under deposit interest. For them it will be too risky, so they will not take such a risk. With such volatility, no normal bank will want to communicate on the issue of deposits with bitcoins. Services but exchange of the crypto currency will be provided, there is no risk, however, deposits will not be contacted.
btchunter02
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June 23, 2018, 04:06:01 AM
 #714

Probably yes in the near future, we can't deny the fact how popular bitcoin is, and has big community, their is high possibility that bank adopt the system, and they can earn big profit from it.
damort
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June 23, 2018, 04:17:49 AM
 #715

I think it will. Nowadays, many banks has cooperated with some big crypto exchange firm to be in this business. I can point some examples out like Clearbank in London, England and Colombian Banks. You ca read it here:
https://btcmanager.com/cryptocurrency-exchange-london-block-exchange-join-forces-with-clearbank/
https://btcmanager.com/cryptocurrency-exchange-buda-slams-colombian-banks-after-account-closure/
When these banks invest in this industry, they meant that your idea about bitcoin deposits can be a trend in the future. But I still think it will be huge in Russia when this country pushes very strong about relationship between banks and crypto currency. https://btcmanager.com/large-russian-banks-are-testing-bitcoin-and-cryptocurrency-investment-portfolios/
kencot
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June 23, 2018, 04:37:30 AM
 #716

It looks like banks will not offer bitcoin deposits. Bitcoin itself can not be controlled and the bank as a third party will be at a disadvantaged position if bitcoin later is a bubble.
akirasendo7
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June 23, 2018, 04:39:24 AM
 #717

we have no idea but at this very moment some are beginning to like discuss future implementation
of coin being deposits to banks some crypto are going or engaging with the banks
tayecrypto
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June 23, 2018, 04:48:18 AM
 #718

Banks can't ignore cryptos for longer now, they need to adapt, accept major coins or create their own. In both scenarios, they must begin trading in cryptos too. If they choose to launch their own token, they need to give the chance to change existing cryptos into their, at least.
sandy47bt
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June 23, 2018, 05:02:15 AM
 #719

Banks can't ignore cryptos for longer now, they need to adapt, accept major coins or create their own. In both scenarios, they must begin trading in cryptos too. If they choose to launch their own token, they need to give the chance to change existing cryptos into their, at least.
Why bank need to accept crypto? They just need to adapt crypto's technology not crypto itself. Back to bitcoin feature (decentralized) , it'll be disadvantage to bank because they can't control your balance so that's mean income from tax will be decreased.
semutracing
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June 23, 2018, 06:24:11 AM
 #720

why do people ask for inclusion in the bank as we deposit our money before bitcoin exists? And besides that there are some areas that have got atm for bitcoin. At the moment, my country has only one in the main city but in time it will be seen also other cities. And I am sure that banks realize that bitcoin was created to eliminate banks. In order for people to have full control over their own assets to carry wherever we want
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