Will banks ever offer bitcoin deposits?

[jeffer8035]

I do not think the banks are going to do ourself maybe we have vaults but virtual encrypted and in some computers outside the network so that they do not steal us suddenly the banks still work but to continue doing coin exchanges or for the sale of metals or other raw materials

[Dinomoves]

Of course they will, there are banks already that are cashless banks so they are accepting virtual currencies now, so if Bitcoin the leading currency it is not far that Bitcoin will be the first crypto that they will accept.

[ay0d1]

Nobody can predicts future accurately, but there is always possibilities in everything. Bank can one day accept bitcoin and crypto transactions   

[richman3451]

soon the economy and business will fully adapt the world of Crito will take 5-6 years and all these technologies are closely embedded in our lives a couple of years ago very few people knew what bitcoin is but now everyone says about it

[xuzukami]

It is a good idea in the near future. If Bitcoin can be seen as a currency of the future, why does not this happen sooner? Not only the customers but also the banks will make a lot of profits from sending the BTC. Its value will increase significantly. Not to mention reduced transaction costs, increased utility, market demand will also change positively.

[vnck25]

Yes, I believe they will, but not right now because of the downward trend in the crypto market. As soon as the next bull run starts I am sure BTC will hit new heights and everyone will be again interested in Bitcoins. Even now there are several crypto currency banks on the pipe-line that are planning to offer many new services and products based on cryptocurrencies, thus its a matter of time that traditional banks will offer some sort of investment products where you can deposit Bitcoins.

[stewart2012]

Yes, i think we all accept that bitcoin has some risks. On the other hand, i think banks could offer bitcoin deposits one day. For me, everything is kinda possible. Time will tell that what will happen with bitcoin.

[Ricky.Libertarian]

Perhaps, but not all banks in my opinion.

They need a dedicated team of IT employees, because it's not so easy to manage cryptos.

[nx24tan180n]

I think, the banks will never accept bitcoin or any other crypto deposits. because cryto price is very volatile and there is very high chance they will be bankrupted.

[mahibul49]

i think yes in near future buty currently not bcz banks are not fully understand how to use crypto currency and its effect.
you can see currently banks are oppose to accept bitcoin but i blv in near future there will be solution.

[Gozmoc]

It still seems that the banks frown against it. It would be great if that happens because it will help in boosting bitcoin.

[Yuliya2404]

I know that Sberbank and Alfa-Bank started testing several products using crypto-currency and plan to offer them to VIP-clients. The portfolio includes the most common crypto-currencies - Bitcoin, Bitcoin Cash, Ethereum and Litecoin. I think this is already a great step! Banks should accept crypto-currencies and encourage their acceptance at the state level in every way because it is in their interests. Otherwise they will simply not be needed and disappear.
“Bitcoin will do to banks what email did to the postal industry.” —Rick Falkvinge, Founder of the Swedish pirate party

[maloibtc]

I am not sure that banks will offer such deposits but it is impossible to predict the future and to my mind, we will be able to use crypto instead of main currency in the nearest future

[cosmicart]

It would really be nice if they do so, but we do not know if they would.

[tantimutz]

I think that will not happen because it is very risky but if bitcoin has been accepted worldwide and has a steady increase and a decrease in prices then banks will offer bitcoin deposits can occur. There is a possibility that the bank will offer bitcoin deposits because it willincrease their income, especially deposit fees and they can use it to buy and sell bitcoin .

[the_grande_tetan]

Banks main focus is always to earn money for themselves first of all, which is why I think they are so interested in jumping on the crypto bandwagon. While they'll want to get it on cryptos, perhaps they'll use more stable cryptos to make deals and loan with. That way they don't get screwed over when prices drop. 

[Dannaey]

If ever one day banks offer to accept Bitcoin deposits, I will ignore. I do not see any use of having my Bitcoin deposited in banks since I can safely store my Bitcoin on trusted wallets. I know there still risk on Bitcoin wallets we have right now. So the good thing to do is to allocate your funds to different Bitcoin wallets. I don't mind banks offering interests on my deposit, because my Bitcoin will increase over time.

[davisagughalam]

i doubt banks will ever buy into the idea of cryptocurrency talk more offering bitcoin deposits. it goes against all that they stand for as institutionally regulated bodies. Bitcoin is unregulated, volatile and not even accepted as gold yet so there is really along way to go before banks even think in that direction.

[Jessica2009]

   Several have been waiting for currency that is free from government control or from central bank authorities that is waiting for a decentralized form of currency . Currently  I don't think that there is banks that accepts Bitcoin even though Bitcoin is legal payment tender in some countries ordinarily traditional banks do not directly deal with Bitcoins  there might be third party to convert Bitcoin to fiat currency . The truth is that Bitcoin was introduced as an alternative to traditional banking systems .

[Haliburton]

According to my point of view banks will never offer bitcoin deposit because bitcoin decentralized in nature. And one thing more Banks find crypto as a major competitor. Let us suppose if banks start depositing and how banks earn income because banks earn income from interest paid by loan holders.

The risks involved with Bitcoin are too high for Banks to begin offering it for deposits to its customers. Banks would prefer to deal in a real world currency backed by the government, which is highly regulated and protected against fraud or theft. With fiat, it's possible to rollback transactions, and enforce regulations, whereas Bitcoin is free and open for anyone to use across the world. Because of these obvious reasons, it's very unlikely that a Bank would associate itself with a system that's free from middleman.

Therefore, Bitcoin and other cryptocurrencies are more of a threat to Banks existence, than anything else. And they'll do anything at their disposal to try to destroy it at all costs.