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Author Topic: Consider the recent rise it is now more important then ever keep the coin secure  (Read 354 times)
hoaryal1
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May 27, 2019, 04:47:21 PM
Last edit: May 27, 2019, 04:57:26 PM by hoaryal1
 #1

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!




Good luck


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May 27, 2019, 05:01:52 PM
 #2

It is good to see that some banks have started crypto exchange and payment. This will bring more comfort to crypto holders. It is a nice step but I didn't see some of the well known banks there.

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May 27, 2019, 11:45:19 PM
 #3

The best way to keep your coins secure is to be your own bank. I see no reason at all to deposit my bitcoins into any so-called banks.
Those banks can close down and then your crypto is lost or they can refuse to let you withdraw your fonds.
Get a good hardware wallet or use a paper wallet, just be sure you control the keys if it's not your keys it's not your coins.
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May 28, 2019, 12:10:17 AM
Merited by Harkorede (1)
 #4

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!




Good luck


The part of some institutions supporting the crypto currency platform is good but some of the banks mentioned are not totally crypto friendly and we can't totally trust the banks to the extent of trusting them to make life easy for us because there might be a foul play sooner or later.

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Lakai01
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May 28, 2019, 03:39:41 AM
 #5

The best way to keep your coins secure is to be your own bank. I see no reason at all to deposit my bitcoins into any so-called banks.
Those banks can close down and then your crypto is lost or they can refuse to let you withdraw your fonds.
Get a good hardware wallet or use a paper wallet, just be sure you control the keys if it's not your keys it's not your coins.
I second this. Dont repeat the same mistake which was made with fiat and deposit all your savings at a bank. Cryptos can be stored very safely at home via hardware wallets. There is definitly no need to hand them over to a third party like a bank.

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May 28, 2019, 04:10:35 AM
 #6

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!




Good luck


Is that even true that crypto friendly banks? All the banks were centralized and some conspiracy says all of them comes under control of same group of people so supporting the currencies also may like bluff to get all our information.
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May 28, 2019, 05:56:39 AM
 #7

We all know how banks work. The fact that they're trying to say that they're accepting cryptocurrency is really deceiving.
I'm not saying that I don't trust banks but I find it riskier to keep my crypto savings in banks rather than my crypto wallet.
They're centralized so they're in control of every crypto transactions that we do involving them.

 
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davis196
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May 28, 2019, 06:07:29 AM
 #8

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!




Good luck



There's no such thing as "crypto-friendly banks".Some banks might be crypto friendly for a while,but they will eventually ban you for your activities,if they find out that you are trading cryptocurrencies.

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May 28, 2019, 06:20:26 AM
 #9

It is a sign that you will not lose in bitcoin trading and investment if you are patience enough. Bitcoin has been called all types of names before and some called it a ponzi scheme, other said bitcoin is a scam and it will not last and when it was dumping in 2018 many critics said bitcoin is death and it will not rise again. I am happy that we are seeing great recovering again and like other assets bitcoin has had it up and down.
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May 28, 2019, 06:22:05 AM
 #10

Banks will always be against cryptocurrency. They see it as a threat and their competitor so how is it possible that banks would be crypto friendly? They will accept crypto as payment but they wouldn't accept crypto by any means and for good. We must get rid of banks who are trying to accept crypto funds because we aren't sure about their future intentions.

 
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May 28, 2019, 06:26:14 AM
 #11

First of all Congratulations to all the holders! As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments. Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however it is important to know who you can trust. Good luck

I am aware that generally the banking industry is having a difficult time deciding whether to work with cryptocurrency or to reject it altogether. However, since many of the people in the banking sector is now realizing that there is a huge amount of money they can make if they participate in cryptocurrency, we now have some banks who are open-minded enough to join the frenzy. I am sure these good banks will eventually get benefited by their pioneering moves. But then again, the stability of the cryptocurrency market has nothing to do with what banks are doing as there will always risk involved here and in any type of investment vehicles. We have to remember that banks are likened to sharks they can smell blood (money) miles away. Years from now, we might see the banking industry integrating with the cryptocurrency industry establishing a good and profitable relationship. Money is the great motivation of them all.

 
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jonathan6655321
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May 28, 2019, 10:39:18 AM
 #12

First of all Congratulations to all the holders! As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments. Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however it is important to know who you can trust. Good luck

I am aware that generally the banking industry is having a difficult time deciding whether to work with cryptocurrency or to reject it altogether. However, since many of the people in the banking sector is now realizing that there is a huge amount of money they can make if they participate in cryptocurrency, we now have some banks who are open-minded enough to join the frenzy. I am sure these good banks will eventually get benefited by their pioneering moves. But then again, the stability of the cryptocurrency market has nothing to do with what banks are doing as there will always risk involved here and in any type of investment vehicles. We have to remember that banks are likened to sharks they can smell blood (money) miles away. Years from now, we might see the banking industry integrating with the cryptocurrency industry establishing a good and profitable relationship. Money is the great motivation of them all.

Agree.

They are friendly now ONLY because they have no choice

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May 28, 2019, 01:50:36 PM
 #13

Don't need to trust anyone, especially any financial institution close to the banking sector, as this is built as a trustless environment.
I trust only the tech after carefully examining it. You are safe, without the need for a middle man, with Bitcoin.
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May 28, 2019, 06:42:38 PM
 #14

It is good to see that some banks have started crypto exchange and payment. This will bring more comfort to crypto holders. It is a nice step but I didn't see some of the well known banks there.
That's right, I think the OP forgot to give it. Good news if a lot of banks have received crypto, but in my country it hasn't happened yet and what is expected is that with more people trusting Crypto and its potential, there will be banks here that will accept it.

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May 28, 2019, 09:40:09 PM
 #15

I wouldn't trust the Bank with my money anyway. Himself secure storage of crypto is to store it in your wallet. I'd feel better about it.

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May 28, 2019, 09:50:58 PM
 #16

I believe that the bank did not fully accept everything in crypto because of the fluctuating value because the bank was worried about it, but it was not a big problem for me because we only took money from them instead of crypto, there was no bank disruption for me it was very good and not there is a big problem after several years developing cryptocurrency, don't worry you lose a lot of value because this is an investment that requires a lot of time to grow and is extraordinary.
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May 28, 2019, 10:03:37 PM
 #17

I wouldn't trust the Bank with my money anyway. Himself secure storage of crypto is to store it in your wallet. I'd feel better about it.

Better store your coin in your wallet and encash only when you needed it. You don't need middleman to store your crypto coins. You can do it by yourself though.

 
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May 28, 2019, 10:07:23 PM
 #18

The best way to keep your coins secure is to be your own bank. I see no reason at all to deposit my bitcoins into any so-called banks.
Those banks can close down and then your crypto is lost or they can refuse to let you withdraw your fonds.
Get a good hardware wallet or use a paper wallet, just be sure you control the keys if it's not your keys it's not your coins.
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May 28, 2019, 10:52:04 PM
 #19

I wouldn't trust the Bank with my money anyway. Himself secure storage of crypto is to store it in your wallet. I'd feel better about it.

Better store your coin in your wallet and encash only when you needed it. You don't need middleman to store your crypto coins. You can do it by yourself though.

Sure we can secure our coins by keeping our wallet codes and addresses away from third party. And on our part, we should try to write our passwords both old and new, secured. And it is better to keep our coins in the wallet rather than exchange if we are not trading them.

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May 28, 2019, 11:15:52 PM
 #20

If that is related to my own coins, I will keep it by myself, and I don't trust others to keep my coins even if it's the banks which can guarantee the safety.
I don't like them to try to use my coins for their own benefits without thinking of their users.
It's happened with the banks now, and they only care about how to offers the business without thinking about what they need to do next for the after sales for their users.
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