Will banks ever offer bitcoin deposits?

[saruxanyan]

I believe that many banks that do not restructure the new blocking system will not be able to compete in the new world, and if we are talking about accepting money by banks with crypto currency, then at this stage I think that this will happen soon

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[damrianto]

deposits using bitcoin until now can not be used because it concerns the financial system. This bitcoin is in the form of blockchain and digital financial sitim is not real money. bitcoin is only in use for investment for example: You can buy bitcoin now and sell it in 1 or 2 years, just like investing in gold. now the price of 1 bitcoin around Rp. 16 million. so in the next one or two years the price of bitcoin can be up to three times the original price

[dongajow]

U don't think banks will ever accept cryptocurrency due to its low fees and also less privacy of transaction history due to blockchain. And also nowadays crypto is one of biggest opponent for banks as many people choose / prefer crypto transactions over bank oversea transactions due to low fee. And also one of disadvantage in crypto, which banks reluctant to use cryptocurrency is security issues. Because as there are many DDOS attacks in crypto field banks will need to have high internet security.

[Haliburton]

I don’t think so, because the number one threat of the commercial banks here in the whole world are the cryptocurrencies.So its good to put in wallet and wait until the prices will rise and sell it in a reasonable price.

Same with me. It's very unlikely that a bank would accept cryptocurrencies like Bitcoin for deposits, since they were created to eliminate the middleman. As Bitcoin is proven to be the most successful blockchain application to date, it's considered the number one threat to banks all around the world. They'll try to destroy it, rather than joining it, since they don't want people to achieve autonomy over their funds.

Therefore, saying that a bank would accept Bitcoin for deposits, would be more of a dream than a reality. Bitcoin has many underlying issues such as volatility, and slow throughput, making it terrible as a currency for worldwide use. As such, Bitcoin may never be offered in a bank for deposits. But, there could exist a possibility of a centralized cryptocurrency like XRP (Ripple) to be offered within a bank, simply because it’s much more stable and scalable than any other crypto known to date.

[AndrewPeoples]

Depends. If they will discern that they might be losing to the new innovative thing which is the growth of cryptocurrency then they might be. They should adjust or else they will die trying.

[Samaaliu]

I think the banks will profit most if such a situation was possible as they can always trade with your deposits, possibly increasing the quantity while your own deposit in the bank remains a fixed amount. But this may never happen as every bitcoin holder is his/her own bank. You only need an online wallet to store your coins. That's all.

[Verde_Mantis]

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 must admit that it would be weird to see bank offering bitcoin deposits but at the same time they must catch up, so they must invent something otherwise in a few decades they could really go out of business...

[lolland]

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.

Exchances let you deposit all the btc and other cryptos you want, but I don't see any reason to let anybody else hold your cryptos.

[boksoon]

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, because Bitcoin is their rival for making business, bitcoin is directly to people while banks is processed  with many supplementary documents and many particular bosses are approved ad sign as well, so we  don't expect to bank willing to offer for Bitcoin deposit that is very stupid discussion about the side of the Banking Industry.

[funnynews]

Bitcoin is already accepted as a form of deposits by Germany and south korea, and is used in financial transaction in many commerce activities of these countries it is hard today that this trend will continue for USA since its economy will be affected greatly by bitcoin acceptance but the rest of the world is a yes overtime.

It is great for those countries who apply it. But what about the others? They will be using Bitcoin illegal way to earn. Too much time need to break corruption inside the governments.

[bluemoon84]

 I don't think I would avail this service but there's a possibility that it will come and they will be targeting those bitcoin investors/holders that doesn't really understand on what bitcoin is, being your own bank.The governments are trying to stop any form of interaction between exchanges and banks, simply because they don't want any interaction strengthen between the two.

[hoangthipro244]

This is a good idea. Bank involvement will explode the market and it will soon break out. Everyone be prepared for that

[yyourboss]

I do not think banks will provide such services. Now bitcoin is not a currency. It is just a speculative commodity and has high volatility.

[Ankush2108]

actually its a big challenege for banks but i think this will happen very soon.

[Bitlife81]

There is zero possibility that the banks will ever let the bitcoin deposits nor offer bitcoin deposits. First, the banks and government  didn’t like the idea of bitcoin.

[Zion060101]

When the banks thinks that bitcoin can be an alternative money that can be used to a lot of stuff and i think bitcoin can be our next generation of money, because when yyou produce cash/money using different material and think about the electrical bill that is used for making a dollar and the supply that used to make a dollar. It's so expensive, maybe banks don't realize it yet but when the time comes everyone would be delightful to have it.

[thesmallgod]

I do not think bank will ever accepting bitcoin deposit because traditional banks do not want to be involve in anything that is not regulated and they do not have control over. Just as we speak, banks and other financial institutions see crypto as a threat to their services because many blockchain base platform are now offering some services offered by banks at even less transaction fee and little processing time so why will they want to offer bitcoin deposit?. if any bank certaining want to do this then it will strictly be for selfish interest probably to monitor users with high volumes and tax them heavily

[mware]

banks cannot easily to offer bitcoin deposits for a number of massive reasons including no generally agreed Bitcoin exchange rates, and no way to transact with central banks in bitcoin

[Jonnitor]

Maybe in the future, but for now it is impossible because having bitcoin in the banks is too risky for them to store. There are so many hackers that will sabotage and attack those banks.

[Ethannecessary1760]

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.It is just a matter of time before that will happen, they will need to adapt in order to survive.