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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
microwave
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July 07, 2018, 12:59:05 PM
 #901

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.


Banking business system method is surely getting profit from depositor, I know that bank will never accept commitment to people with volatility movement like bitcoin, Bitcoin can not give better income guarantee to the bank. So I think they will not offer us to deposit of our Bitcoin.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Huntsman82
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July 07, 2018, 01:05:08 PM
 #902

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.

In order for banks to enter the market they'll need some kind of control so they can unquestionably make profit. Banks make most of the money from loans so BTC isn't that interesting now and on top of that they can't secure their investments in BTC. I don't see it happening not until the market stabilizes and BTC becomes mainstream but maybe not even then because it's the complete opposite of crypto decentralization goal.
PM.coins
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July 07, 2018, 01:40:14 PM
 #903

not yet. I think it is unlikely that banks will offer bitcoin deposits. may still be under consideration of cooperation. and that spertinya still take a long time.
but if that happens, it can be said a good .
I hope so in the future
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July 07, 2018, 01:48:22 PM
 #904

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 it will never happen because there are so many humors that bitcoin will make our bank disappear so how they let that bitcoin have deposit to it. Bank will never offer bitcoin deposits, just like our government they do not make bitcoin legal because they know that there is a possibility.

team87
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July 07, 2018, 01:49:08 PM
 #905

I think this is possible in the near future (2-5 years) when bitcoin will be recognized officially as digital asset by governments and financial institutions. When it will happen, most probably crypto banks will join the banking or conventional banks will open crypto divisions specializing on banking services in crypto assets including crypto deposits.
if that happens, I think it will get considerable support for bitcoin customers. and certainly increasingly becoming popular. I hope that cooperation soon begins as soon as possible. no need to wait a long time.  Cool
Marlo Stanfield
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July 07, 2018, 01:56:08 PM
 #906

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 can be very unprofitable for banks, because if the bitcoin rate rises, they will be more of a problem

It easy for a bank to develop profitable financial instruments that don't depend on a price rising or falling. They can hedge and make money off spreads and fees quite easily. As long as they have their security on point then naturally they will want to get into this side of the business
KrakenZ
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July 07, 2018, 02:04:53 PM
 #907

So far, I have never heard of any bank offering deposit in bitcoin form. I feel that it will not happen. Seeing the condition of bitcoin prices are increasingly fluctuating , it makes me sure that bitcoin can not restore public confidence again. This fluctuating bitcoin price makes bitcoin very risky if it is used as a deposit especially if the deposit is managed by the bank. I just hope that someday there is an insurance party that offers crypto currency insurance so that as a holder of crypto currency I feel safer in investing or transacting. I can be sure,  it will be safe in the face of hacking and theft of my crypto currency coins because it is insured. Hopefully, the future of crypto currency will grow even better.
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July 07, 2018, 03:52:28 PM
 #908

Banks are always afraid of bitcoin due to it high volatility and it ability not to be controlled by any third part in doing it transactions,subscribe TV channels  and some other subscription.
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July 07, 2018, 04:46:27 PM
 #909

It is impossible because of the Bitcoin price volatility and the price manipulation which is clear now a days, in addition, the nature of Bitcoin contradicts banks nature, Bitcoin has been created to keep the control of money into people's hands.

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HeatherRamsey
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July 07, 2018, 04:51:32 PM
 #910

I do not think so. We both know that both banks and their central banks are in the tail of the cryptographic community to shut it down as they then decide to accept the bitcoin deposit. Adding to the moment the value of bitcoin will fluctuate almost every time due to its volatility and I'm sure the bank will not want to work with such currencies.
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July 07, 2018, 11:47:21 PM
 #911

I think that we will get to the point when banks decide that they have to cooperate with the crypto community so they will start offering bitcoin deposits but it will not happen right away, this kind of precess will take a while.
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July 08, 2018, 09:04:53 AM
 #912

I do not think that banks will ever offer deposits in bitcoin. For them it would be too risky. Bankers know how to calculate the degree of risk. Bitcoin is too volatile, so for banks, he will not be of any interest in this plan. Bankers have a lot of almost almost 100% profit opportunities, so they will not use bitcoin for deposit purposes accurately.

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Ankush2108
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July 08, 2018, 09:44:47 AM
 #913

Yes obviously it can be happen but not very soon it will take some time because banks can offer Bitcoin deposit, if they find its profitable for them banks only work for the profits. And it's a challenge for banks also. Let's see how much time it will take when banks allow to deposit Bitcoin with interest.
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July 08, 2018, 09:50:03 AM
 #914

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.
If banks will accept bitcoin deposits then it will be so risky for their part. They might earn a lot or they may loss a lot. But maybe someday that time will come.
Blackhammer321
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July 08, 2018, 10:02:30 AM
 #915

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.

Everything in this world is dynamic. As well as the value of the momey, and the way we transact. Theoretically speaking time will comes that the bank will accept this kind of deposits in able to go with th flow ij that way banks will gain more profits with the help of bitcoin at the same time more people would likely to do transactions with banks to have an easier way. It is a win win situation.
MrPresidentIM
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July 08, 2018, 10:32:06 AM
 #916

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'm with all of those here who say it's a matter of time, i.e. as soon as the banks find a decent way to protect themselves from the loss on BTC, which could run way too high, I guess, they are going to offer btc deposits, etc. No doubt. I bet they've been working on it pretty hard. Smiley
Gibsonlda
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July 08, 2018, 10:36:46 AM
 #917

I would argue that depositing funds in banks is even more risky. every business needs to adapt to these changes and challenges.
they may attract these types of investors by saying that their bitcoin will be safe in their hands. when that happens it is certain. big profits will belong to the bank. and we will only get a minimum profit
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July 08, 2018, 10:53:28 AM
 #918

My opinion is possible.. need wait 5-10 years and we can see it.
After December 2017 most people afraid invest to Bitcoin..
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July 08, 2018, 11:10:22 AM
 #919

I don't think it's will be so easy for banks to accept bitcoin as deposit because of the volatility working with cryptos currency. Banks may run at loss if they do that.
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July 08, 2018, 11:22:55 AM
 #920

I have never seen banks distribute btc and I'm not sure when banks will accept that. Need something that is credible as a basis.
I am thinking that in the future it has a big chance that banks will offer a bitcoin deposits, and there is no doubt that a lot of supporters of bitcoin will became very happy when it happens and i know that many more people will trust bitcoin.

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