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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
MedicineVNT
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June 27, 2018, 02:15:39 AM
 #801

I have not heard any information about the bank asking for a bitcoin deal, but if it is true then we will have more opportunities to trade bitcoins and I hope that Will you come to reality?
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Leo Barnes
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June 27, 2018, 03:09:56 AM
 #802

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.
Because of the characteristic of bitcoin of being very volatile I don't think that bank offer bitcoin deposit, maybe they will accept bitcoin and convert it to fiat.
Fernaldorachelle1632027
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June 27, 2018, 03:13:11 AM
 #803

Bitcoin is the future!
Bitcoin is a revolution!
HanaTenun
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June 27, 2018, 03:18:00 AM
 #804

Yeah i think this will come. It might not come now, but in the future it will. Bitcoin has a part of the lives of many people.Indeed, bitcoin is different from fiat money, hence, it needs other mechanisms.
I think also like that, for now it is not time yet, but the future will accept it. banks will receive bitcoin, as many people already use it. the issue of the mechanism will be discussed thereafter as this development is the technology that will be accepted by the world.


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Dava.Dina
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June 27, 2018, 03:20:08 AM
 #805

Because there are Banks that oppose the existence of Bitcoin and they also consider the Crypto currency is a threat to them, so it is unlikely that it happened

But if banks will shift their fiat banking system to the Bitcoin banking system then any Bitcoin banking services will become possible.

Particularly when the government will accept Bitcoin as a legitimate currency, then maybe the Bank will also start depositing Bitcoin, because Bitcoin will get a very legal status, and that will be the needs of everyone.

We hope that in the future, when Bitcoin will become more common, and more and more people will start using Bitcoin.
joliepaul
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June 27, 2018, 03:20:48 AM
 #806

They are working on it now, that's why you can buy bitcoin with you credit card.  While there are lots of pros and cons on both banks and bitcoins, I just cannot see a future where both can become one or bitcoin being accepted by a bank(unless bitcoin users agrees to forget the main ideology of bitcoins).
doraegun
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June 27, 2018, 03:34:37 AM
 #807

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.



There so many bank collaborated  to wallet providers and exchanges for the purpose of incashment of fiat money while there is no bitcoin machine operated, but for Bitcoin deposit to the bank I think this is not acceptable for them because no stable profit generating from it, Banking Business is surely getting income through the money from depositors in every seconds but transaction like bitcoin was very volatile? I think they didn't accept it.

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Zaibraid
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June 27, 2018, 05:49:50 AM
 #808

According to me until whenever the bank will not offer a deposit in the form of bitcoin. I see these banks and bitcoins like cats and mice that never get along. I have never seen a bank accept bitcoin openly. Many banks actually ban this bitcoin. Whereas bitcoin is a great technology that should be appreciated. Moreover, the underlying technology of bitcoin is blockchain. This blockchain proved successful in helping many human jobs. Many projects use this blockchain technology. So when someone hates bitcoin then indirectly he also hates blockchain.

setialovers
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June 27, 2018, 07:00:44 AM
 #809

According to me until whenever the bank will not offer a deposit in the form of bitcoin. I see these banks and bitcoins like cats and mice that never get along. I have never seen a bank accept bitcoin openly. Many banks actually ban this bitcoin. Whereas bitcoin is a great technology that should be appreciated. Moreover, the underlying technology of bitcoin is blockchain. This blockchain proved successful in helping many human jobs. Many projects use this blockchain technology. So when someone hates bitcoin then indirectly he also hates blockchain.

Bank will applying blockchain technology on their bussiness. Banks always able adapting in every situation. Banks have long experience in economy and they built our economy system and i dont think banks will defeated by cryptocurrency, I am believe banks will take advantages on crypto
baru91138
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June 27, 2018, 07:10:51 AM
 #810

never, because the bank is a bitcoin competitor. it is likely that banks will implement a banking investment that applies bitcoin inventory to the bank if it really exists. The bank has a long-term potential and experience in a country's economy and they will build a blockchain-based economic system and I do not think banks will be beaten by cryptocurrency and I'm sure the bank will take advantage of it.
devale
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June 27, 2018, 10:23:42 PM
 #811

if banks will see a profit and interest in offering bitcoin deposits than there is not any reason why not to offer btc deposits.

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West0813
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June 27, 2018, 10:48:08 PM
 #812

Here in our country there is no banks accepting bitcoin deposit. And bank don't recognize bitcoin as a currency. I think they don't like bitcoin. And they have no plan to accept it.

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yamete kudasai
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June 27, 2018, 11:06:07 PM
 #813

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 will be risky but I can see that some banks will really take a shot for it. But it will be hard to imagine how it will be profitable for both of the client and the bank like the division of earnings. Knowing some banks, they will just might abuse the fluctuations and let the client suffer the droppings.
LionelRobinson
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June 28, 2018, 03:51:56 AM
 #814

The volatility in the market of crypto currency will decrease with time.I think banks never offer bitcoin despoit in their service, because if this happens I think bank is not kingdom regulations.
tikanima
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June 28, 2018, 04:35:32 AM
 #815

Banks can not do that, I can not be sure who is the lucky one. If the price increases, the bank will make a big profit but if the price drops, customers will have big profits. So far, I have never heard of a bank offering a bitcoin deposit base.
jadcoin161
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June 29, 2018, 09:31:50 AM
 #816

If both fix the system then can complement each other, it is possible.   Japan banks are offering loans interest and retirement plans with bitcoin it is positive move in cryptocurrency industry
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June 29, 2018, 10:14:29 AM
 #817

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 possibility might be happen, and so does with deposits that offered by official banks. But, for now, i think it could not be happen, because like we all already know the price of bitcoin is still very unstable. But, we don't know in the future it will be great if banks also offering bitcoin deposits.

jademaxsuy
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June 29, 2018, 10:28:35 AM
 #818

There are ICO projects now offering you to let you store your coins safely and that is not something really good since it is just like the same digital wallet and i do not know what is the difference of their project to what they are offering. Anyway bank will not accept bitcoin since they are used to accept centralized currency and it is more secure than bitcoin since it has digital wallet that could be break in to someone who are good in its technicalities.
FXTradingPro
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June 29, 2018, 12:02:33 PM
 #819

The big issue that banks and brokers have with bitcoin is the anonymity. Banks and brokers must adhere to strict AML and KYC rules. This means that they must confirm and validate the identity of the individuals. They also must verify the source of funds.

https://forexmarketslive.com/challenges-for-fx-brokers-looking-to-accept-bitcoin/
atamat
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June 29, 2018, 12:07:17 PM
 #820

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's okay to get the most of the profits. Banks are no exception. They will really try to get as much profit as possible even if it is actually from the air
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