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May 28, 2019, 11:19:41 PM |
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I don't see any reason why we need such things called Crypto "friendly" banks to keep our coins secured bitcoin is a peer-to-peer currency, hence we need no centralized bank to help secure our coins or payment system and when talking about bitcoin or other cryptocurrencies, always remember this famous phrase... ... "Be your own Bank" ...
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Oceat
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May 28, 2019, 11:35:42 PM |
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Be your own bank and never trust those centralized banks because someday they might use it against you. A simple hardware wallet is your best bank that you can access anytime you like without the hassle of going straight to the bank. A paper will keep your private key safe to access the wallet that you needed in times of emergency.
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3996
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Rufsilf
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May 28, 2019, 11:52:10 PM |
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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.
I agree with this, it is better to secure it on your own put passwords or anything to be more secure instead of putting it in a bank. For me, I felt safer when I just place it in may own wallet because I have full control of the private keys and it's not that I don't really trust banks or others but I just felt like can't secure my coins better than me. Also banks can be troublesome most of the time, they will ask you to do this first and that, it is very inconvenient.
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Moiyah
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May 29, 2019, 12:59:56 AM |
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Be your own bank and never trust those centralized banks because someday they might use it against you. A simple hardware wallet is your best bank that you can access anytime you like without the hassle of going straight to the bank. A paper will keep your private key safe to access the wallet that you needed in times of emergency.
That is why i've lost interest saving and keeping my money in the banks. From the time I've met cryptocurrency, I pulled out my money and transfer it into my wallet instead. There are some adjustments but i am used to it now. Anyway, I am happy with my decisions now. I can think of it as a secured way to keep my money.
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Gaff
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May 29, 2019, 01:47:17 AM |
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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.
We should always be liable for the safety of our coins, don't ever entrust it with other establishments like banks or a stranger whom you don't even seen personally. This became an old practice relying on banks of physical money to be stored for safety. I heard a lot of concerns that some of scammers way of dealing with any funds is through personal tradings, which merely prone to steal funds from you. The current rising price was because of ongoing market demands as well as the activities kept on trending so high, that's why it's always mandatory to keep our holding more intact and cannot be breached by those fraudsters.
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snowblack
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May 29, 2019, 01:56:24 AM |
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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 What do you mean bro? How can use this bank? We can use cold wallet instead of using this bank. Electronic money market is nowhere safe, it is best not to delegate to others.
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nothing in here!
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juperos
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May 29, 2019, 04:05:08 AM |
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In my country, there is no bank that accepts Crypto payments and we must participate in the black market or an intermediary website to convert to fiat money. I think some Asian countries still do not believe that the emergence of cryptocurrency can change the face of the world. So we need to wait longer to get the best service.
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leavolnhals
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May 29, 2019, 04:40:59 AM |
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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 wow, it seems that banks are from European countries. This really surprised me. According to the statistics I read six months ago, Russia and China had the most participants in the crypto market, followed by other Asian and Middle Eastern countries. But banks in Europe start paying with BTC sooner than we do. Why can't we go ahead of Europeans?
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neonshium
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May 29, 2019, 05:43:09 AM |
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Basically, I neither trust on each crypto wallet nor banking framework when the terms of my crypto savings. Since the very beginning banking system is against with cryptocurrency, I would normally say don't keep it on banks even Crypto Friendly Banks. I don't prefer to see banks are associated with control of my crypto.
We should consider the recent rise occurred in the price of Bitcoin and few other coins including Ethereum and BitcoinCash. In current situations if you are a trader want to sell your coins in order to get profit then you should keep your coins on exchange. If you are not in selling mode then keep it secure in your wallet or if you are a HODLER and want to get utmost profit then you should keep it in cold wallets.
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guoyu78
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May 29, 2019, 06:20:30 AM |
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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 Thanks for sharing this, I knew that a time will come when financial institutions will start picking up the crypto idea too. Prior to now, I have never really seen the relevance of banks to crypto because according to satoshi, it is a payment system designed for peer to peer transactions and as far as your transaction gets to the second party without the involvement of the thirds party, then I see no reason why cryptocurrency banks should be an intermediary again or be that relevant, but then I learnt that traditional banking way of operating is different from crypto banking, so let’s see the technology these ones have as we explore them.
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el kaka22
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May 29, 2019, 07:45:14 AM |
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I think you do not really need to mix in banks with crypto, you need to find a decent exchange because as long as the exchange has a friendly connection with the bank you will be fine as well. This allows you to shift the workload to exchange and you do not care about the bank, you can deposit or withdraw from any exchange as long as that exchange has an understanding between them and a bank.
Coinbase works wonders even though it is not the biggest exchange because they have a great friendly connection with banks whereas binance still is not doing fiat trading because they are having trouble with banks, its not about which exchange is better because binance is clearly better than coinbase but its about exchanges having banks in their pocket.
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Oilacris
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May 29, 2019, 08:23:44 AM |
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Cryptocurrency doesn't really need banks for them to exist but it seems that even how much Banks do hate about crypto they do know that they cant
really get rid of it that's why some of them do embrace or do consider on adopting but we cant really say that banks and crypto would have that compatibility. We would really able to see the difference.
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RealMalatesta
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May 29, 2019, 09:34:29 AM |
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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.
There is no way you can see traditional banks on that list until government fully regulates crypto currency, most banks are being governed by law and their transactions visible to government, but with crypto, we know that transactions becomes invisible to them, which will make them not to support it because of the tax it will block them from. So this banks you see are basically crypto banks if I am right. I hope that one day we will get government backing, regulation and legalization for the banks that are well known to us to recognize cryptocurrency so that a lot of people can be free to make transactions with it.
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OrangeII
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May 29, 2019, 10:46:15 AM |
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I think, bank for crypto is not really needed at this time. well, if it's needed, of course people must have moved their assets in an existing crypto bank. I feel that the exchanger has the same function. so, nowadays, people prefer to save their assets in their wallets, or famous exchanger.
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GregH37
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May 31, 2019, 07:10:37 AM |
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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. Traditional banks joining cryptocurrency at this period without regulation really looks kind of sketchy to me, because we know that traditional banks are not that passionate about their clients to help them handle what will not benefit them, they must have definitely had a strategy that will still be able to let them have control of people’s fund even through cryptocurrency. Well, I think I trust my hard wallet more even though I have to pay for its services every year, it is better to have full control of my coins than to leave it to the hands of a bank to do for me, and I am sure many people this same mentality too.
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prtty2gal2
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June 01, 2019, 09:30:36 AM |
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Be your own bank and never trust those centralized banks because someday they might use it against you. A simple hardware wallet is your best bank that you can access anytime you like without the hassle of going straight to the bank. A paper will keep your private key safe to access the wallet that you needed in times of emergency.
That is why i've lost interest saving and keeping my money in the banks. From the time I've met cryptocurrency, I pulled out my money and transfer it into my wallet instead. There are some adjustments but i am used to it now. Anyway, I am happy with my decisions now. I can think of it as a secured way to keep my money. Aww, I am not sure that will be a wise idea for now. You should not keep your eggs in one basket, I know we all believe in cryptocurrency and I know it has come to stay, but we still live in a very volatile market and better we watch how we operate during this time. I think it’s is quite risky to put your savings in a wallet, cryptocurrency is yet to be good for store of value like gold and anything could happen to your coin negatively at any point. For now, crypto is to be used for transaction and also for investment on money you can afford to loose. The devil you know is better than the angel you don’t know man.
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maxreish
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June 01, 2019, 10:10:49 AM |
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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. I also don't feel keeping and entrusting my btc to the banks. Like what people here said, we do have our own wallets where we can monitor and can access our coins anytime and anywhere. It is good that OP provided the lists of pro crypto Banks. We have different point of views. Some may also want to keep their btc in the banks where they think it is better and safe to save it there.
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traderethereum
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June 01, 2019, 11:55:26 AM |
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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.
We should always be liable for the safety of our coins, don't ever entrust it with other establishments like banks or a stranger whom you don't even seen personally. This became an old practice relying on banks of physical money to be stored for safety. I heard a lot of concerns that some of scammers way of dealing with any funds is through personal tradings, which merely prone to steal funds from you. The current rising price was because of ongoing market demands as well as the activities kept on trending so high, that's why it's always mandatory to keep our holding more intact and cannot be breached by those fraudsters. That is right, and the good news here is if we have so many coins, we can save it on the compatible wallet and support for each coin so we can manage those coins without any problem. The scammers will always search a way to steal the coins from the users, and if the user still saving their coins at the market, then the user needs to protect by enabling protection that is suggested by the exchanges. As long as we care with our coins and we give protection, I am sure that we can keep the coins in the wallet and even if we save it in the exchanges, we don't' have to worry with anything.
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Caladonian
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June 01, 2019, 12:15:47 PM |
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I think, bank for crypto is not really needed at this time. well, if it's needed, of course people must have moved their assets in an existing crypto bank. I feel that the exchanger has the same function. so, nowadays, people prefer to save their assets in their wallets, or famous exchanger.
They've been working since it's exist and still surviving without any helps from the centralized banks, investors and traders are able to work with their own wallets or use exchanges wallets that they trust, the recent pumped needs to be anticipate where securities needed to be checked more deeper. Needs to be more curious with how the market will works and how will you anticipate to counter possible threats.
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bitbunnny
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June 01, 2019, 12:23:00 PM |
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I think, bank for crypto is not really needed at this time. well, if it's needed, of course people must have moved their assets in an existing crypto bank. I feel that the exchanger has the same function. so, nowadays, people prefer to save their assets in their wallets, or famous exchanger.
They've been working since it's exist and still surviving without any helps from the centralized banks, investors and traders are able to work with their own wallets or use exchanges wallets that they trust, the recent pumped needs to be anticipate where securities needed to be checked more deeper. Needs to be more curious with how the market will works and how will you anticipate to counter possible threats. Exchanges are never meant to be storage for your coins. They are not wallets and safe places. They are vulnerable are exposed to hackers, not protected enough and that is why users often lose their coins without possibility to get refunded. For that reason I can understand the need of some kind of crypto bank that would function similar like traditional bank in sense of funds and user protection. Until better solution is found everyone is responsible for security on its own.
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