Will banks One day accept Bitcoin deposit?

[nullama]

One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.

I think it would make sense to have banks holding Bitcoin in a similar way they hold gold, for reserves.

Then, for everyday transactions, they would give you lightning access.

Basically that way they would be centralized, otherwise no point in offering banking services, and they could maybe charge you fees for their "lightning account"

Of course you skip this, but for many people it would be a convenient thing.

[summonerrk]

The answer to this question depends on the country where the crypto is located, for example, many banks in different countries loyal to innovations did not immediately prohibit withdrawing money from crypto exchanges to their cards, but as soon as states began to regulate cryptocurrencies and realized that this could be a threat to their economic regimes, they immediately banned everything. For example, in Belarus, there used to be quite good conditions for crypto.
But over time, the withdrawal of money and its input into cryptocurrency was allowed only on specialized national exchanges. And this is very closely monitored by banks.

[Easteregg69]

If it becomes defacto standard then they have no choice.

On list of arguments.

I think it's selfevident when it reaches the right level.

Listen man. I got a mock-up for making smoothies on the Philips 3000 series.

OP, your question presents a dichotomy, a conflict that genuinely arises for both parties—users and bankers alike. It's difficult to find a coherent logical answer because what you're asking about is both possible and impossible at the same time.

You can still send money to and from the bank. Logic.

[Lucius]

Banks will do anything to make a profit, does anyone doubt that? But the real question is why would someone deposit their Bitcoin in a traditional bank if there are already what people call "crypto banks" (CEXs)?

The only proper way to own Bitcoin is to store it in a non-custodial wallet, everything else is nonsense that will sooner or later backfire on you.

[dezoel]

When you think that ETF is a thing already, it's true that banks becoming deposit places and even basically exchanges is not that far away. Exchanges make billions and billions everyday, it's a huge business, I am not sure how big, but I mean Binance alone makes 20+ billion dollars a year, and that's just one exchange, sure the biggest, but one exchange only.

So if you take all of them together, you will realize that they are making a lot of money and banks will want piece of that. Considering the whole ETF sga, it may not be easy to have it all around the world easily, but as mentioned before me, some are starting already. So if you wait a bit more, in the future, banks will become like exchanges for crypto world, specially for bitcoin at the start.

[Jubilee58]

It all depends from the country you're, some have once allowed for this before the government changed the regulations and ban the commercial banks from using crypto, dome do allow their banks to transact cryptocurrency, which all depends on the country and the regulations that their government are setting in place over the use of crypto, if banks do not accept the use of bitcoin, then this shows more clearly that it wasn't created for them, instead the people through p2p and not a third party organization before we can make use of bitcoin for any payment or transactions.

I think you right, bank accepting bitcoin deposit depends on the country's policies and regulation. because of the growing adoption of bitcoin today so many individuals and  institutions are accepting bitcoin as a substance for exchange of goods and services, if this can be possible banks can accept it, if the country's policies and regulation permits it.

[Victoria01]

It’s definitely possible, and in some ways, it’s already happening just not in the traditional walk into your local bank with Bitcoin sense yet.

[mirakal]

One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.

Banks hate Bitcoin. They don't accept it despite global acceptance. Besides, why use a bank when we can deposit it into our controlled wallet? Why give them a complicated job when we can do it personally? We don't need them. We do it on our own. That is one advantage of having this in place, where we have the fullest control and no need to spend money on others to guard our assets.

In fact, that is why banks dislike Bitcoin, as it will affect their income. So we don't expect them to welcome Bitcoin but rather push it away.

[Abiky]

Actually base on this article there are banks already accepting it https://en.zcredito.com/banks-that-accept-cryptocurrency-deposits/

So there's really good chance that more banks would follow especially that there are few banks initiate this acceptance already.

But for me I don't really care if they accept it or not since I want Bitcoin to be in my full custody. I don't want bank to hold my funds then get profits with it.

Yes. However, they're only offering crypto services to institutional and wealthy customers (AFAIK). The "average Joe" is going to have to wait. Unless, governments give the "green light" to do so. The US has been pro-Bitcoin ever since Trump took office again, so allowing banks to offer crypto/Bitcoin services to anyone in America should be a no-brainer.

I wouldn't say the same about the EU, though. It's much "tougher" when it comes to regulating Bitcoin and crypto. The current ECB chairman Christine Lagarde is anti-crypto, so we should expect the worse. Again, it's much better if you're your own bank with Bitcoin. But to each, their own.

[Powerjumboo]

One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.

Banks hate Bitcoin. They don't accept it despite global acceptance. Besides, why use a bank when we can deposit it into our controlled wallet? Why give them a complicated job when we can do it personally? We don't need them. We do it on our own. That is one advantage of having this in place, where we have the fullest control and no need to spend money on others to guard our assets.

In fact, that is why banks dislike Bitcoin, as it will affect their income. So we don't expect them to welcome Bitcoin but rather push it away.

I say the same thing, if we can store our Bitcoin in a secure, controlled wallet, why would we use a bank? We don't need to use a bank at all, and especially Bitcoin never supports a third party, so we don't have to worry about whether the bank will accept it or not. We will keep our Bitcoin in our own wallet, we will operate with our own independence, we will not be dependent on others. Imagine if you want to transfer millions of dollars from one place to another in an instant, it is possible, but when you go to transact with a bank, they will not let you transfer millions of dollars, and even if they do, you have to abide by their rules. You have to be firm in their decision. If you are not firm in their decision, you will not work. So we are not worried at all about whether the bank will accept Bitcoin or not because we are very good with Bitcoin.

[Woodie]

Well in some countries that have recognized Bitcoin has legal tender yes you can make such deposits, and not sure why you only put banks to be the subject, I think if financial  transactions are mainly happening digitally in today's digital age,  I dont think we need to limit ourselves with the banks only...platforms like PayPal, cashapp and several third party payments have bridged this gap to make crypto to fiat a breeze all in the comfort of our homes.

So technically speaking its all about the regulations and the rest will follow...

[nelson4lov]

Why would you want to send your Bitcoin to a bank when Bitcoin was literally created to work without banks and third parties? 
Even if they start accepting Bitcoin they would not allow you to withdraw whenever you want, they would charge additional fees, they would force you to use their ''approved'' wallet, and other crap like that.

People want a way to use their bitcoin across any product or services in their country and banks have already built infrastructures that can streamline those processes. Say, I want to pay for a product or services in my country and the vendor doesn't accept Bitcoin directly, I can send Bitcoin to a bitcoin wallet the bank designated and use it to pay at will.

It's the convenience people often want along with financial freedom. It's not a service I'm looking forward though.

[Lucius]

Say, I want to pay for a product or services in my country and the vendor doesn't accept Bitcoin directly, I can send Bitcoin to a bitcoin wallet the bank designated and use it to pay at will.
~snip~

For such things, there are at least two options that work - the first is payment processors that act as intermediaries between you and the seller - you send cryptocurrency, the intermediary pays the seller in fiat currency. Another option is a virtual cards that you can buy for cryptocurrencies - and with a Visa/Master card you can pay everywhere they are accepted.

Of course, it will be much easier for some people if (when) banks enter this game in such a way that there will be a BTC logo at the entrance of the bank, but such people have never and will never understand that they are doing the wrong thing. Bitcoin was created as an alternative to banks, not to become dependent on them.

[icebar]

One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.

Banks hate Bitcoin. They don't accept it despite global acceptance. Besides, why use a bank when we can deposit it into our controlled wallet? Why give them a complicated job when we can do it personally? We don't need them. We do it on our own. That is one advantage of having this in place, where we have the fullest control and no need to spend money on others to guard our assets.

In fact, that is why banks dislike Bitcoin, as it will affect their income. So we don't expect them to welcome Bitcoin but rather push it away.

I say the same thing, if we can store our Bitcoin in a secure, controlled wallet, why would we use a bank? We don't need to use a bank at all, and especially Bitcoin never supports a third party, so we don't have to worry about whether the bank will accept it or not. We will keep our Bitcoin in our own wallet, we will operate with our own independence, we will not be dependent on others. Imagine if you want to transfer millions of dollars from one place to another in an instant, it is possible, but when you go to transact with a bank, they will not let you transfer millions of dollars, and even if they do, you have to abide by their rules. You have to be firm in their decision. If you are not firm in their decision, you will not work. So we are not worried at all about whether the bank will accept Bitcoin or not because we are very good with Bitcoin.

As people's interest in Bitcoin increases and the number of investors also increases, banks will definitely try to find ways to use these people for profit. There will have a time when banks can start storing Bitcoin. Especially in the case of global transactions. The work that banks are currently is done through fiat and they are profiting from that. In the future, they will try to profit by using Bitcoin. If banks get permission from the government to use Bitcoin, they will try their best to quickly adopt it in their systems.

[Ronsbit]

One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.

Why would you want to send your Bitcoin to a bank when Bitcoin was literally created to work without banks and third parties? 
Even if they start accepting Bitcoin they would not allow you to withdraw whenever you want, they would charge additional fees, they would force you to use their ''approved'' wallet, and other crap like that.

Sending bitcoin to the bank defeats the purpose for which it was created. Bitcoin signifies "freedom of the unbanked," so what is the point of sending it to the bank then? Besides, the bank is a third party, and Bitcoin came as a rescue from third parties, and this also includes the banks which uses every opportunity it has to exploit people from their hard earned resources because of the fact that the government backs them up for their dirty acts. Even if the banks accept bitcoin, it will be the last thing I will ever do to deposit my bitcoin with the bank when I can keep it under my own custody.

[nelson4lov]

~Snip

Of course, it will be much easier for some people if (when) banks enter this game in such a way that there will be a BTC logo at the entrance of the bank, but such people have never and will never understand that they are doing the wrong thing. Bitcoin was created as an alternative to banks, not to become dependent on them.

Even if Bitcoin gets adopted in banks and is later integrated into some if not all of banking infrastructures, I would not think that it is dependent on banks because at the end of the day, the bitcoin network runs independently off of banks. But yes, I understand and know that Bitcoin and Banks were not meant to work together from the onset.

[Bluebird1357]

The correct answer to your question will depend on your location. If you live in America or Europe, it may be possible, but if you live in Africa or Asia, it may not be. There are many who use decentralized technology to stay away from banks, while others prefer to deposit their Bitcoin in a bank and get other benefits from it, which will seem irrelevant to most people.

[Distinctin]

One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.

If the government becomes friendly with bitcoin, banks will start encouraging bitcoin deposits. But come to think of it, why would anyone deposit their bitcoin in a bank when that becomes a threat of their anonymity and sole ownership of their bitcoin?

Personally, I don’t have any plans with it, I’m already satisfied having a non-custodial wallet of my own. Although it’s not that safe and secured 24/7, even banks are not, it’s still best to be with your own bank with bitcoin.

[Danica22]

Admit it, most of us are just interested in profits, not many people care about the decentralization, privacy of bitcoin as we keep preaching.

Before, it was for the tech, and to be honest, it was a golden era when people mostly invested in Bitcoin because of its decentralization, and truly in it for the tech. But today, can't deny that most are just interested in the profits, and it's not going to change. Time has changed but those people that are truly concerned about bitcoin's decentralization was still there. Fighting in the shadows and doing it silently. And maybe the others don't care anymore when it's only about the value of it which everyone is looking up to.

But that golden period was short, didn't last long, and not everyone invested in it just because of the decentralization. At that time, people still cared about profit but it was not the top priority, people pushed for more decentralization, privacy and expected it to be able to compete with centralized systems. That is one of the reasons why some people still believe that bitcoin will replace banking, the traditional monetary system to this day.

Those who just want to use bitcoin as a peer-to-peer currency, prioritizing privacy, are still there but can be counted on the fingers of one hand. The rest of the market, the only thing they care about is "profit" but many people don't dare to admit it.

[hedgeh0g]

One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.

Where I live, if they accept Bitcoin as a good means of payment, then only under full tracking. They will also demand information about where I got this cryptocurrency, and ask for documentary justification. And now in the world there are only two ways to legally increase the share of Bitcoin in your wallet before the state, this is mining and trading.
But both methods have many aspects. And therefore the state where I live will never recognize income from signature campaigns as legal, and online casinos will not be an exception. It is easier to move to a normal country than to wait for improvements here.