Will banks One day accept Bitcoin deposit?

[Sticky Bomb]

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.

Be in the know that even if this shit happens, then the bank is replicating CEX and not decentralization in any way, also that would be a trap to further expose wallet addresses linked to people_{maybe the one that would escape blockchain analysis} would be linked to the account holders that uses it as a medium of transactions and how simple it would be to link wallet addresses to individuals. It is very simple, if you value anonymity and privacy, avoid anything associated with centralization because it often leaves traces behind and mitigates your privacy and/or anonymity.

[Iranus]

This could happen one day when banks can no longer compete with Bitcoin because everyone uses it like they currently use fiat money. But as long as fiat money remains trusted by all governments around the world, it will continue to be used by everyone, even if everyone loves Bitcoin as much as they love money. Banks could take advantage of this opportunity to earn fees when people buy or exchange Bitcoin through their services. However, I still prefer to stick with certain exchanges if I only want to exchange Bitcoin for other assets like fiat money.

It's been 16 years and until now, not many people think about and want to use bitcoin as a currency to replace fiat. People have completely accepted and used bitcoin only as a form of investment to make profits, and I don't think this will change in the future. Everyone is excited about what bitcoin has become.

We don't have to wait until everyone is using bitcoin as currency and banks are accepting bitcoin. Banks will soon offer bitcoin deposits, simply because they will be able to make a profit from it. There is no reason why they should ignore this idea.

[Man of peace]

Yes they may try to partner with them as other means of transaction,but for me I will not like the Bank or the Bitcoin to have anything to do with bank ,because the bankers are not trustworthy, just take a look at our present situation now with the bankers,..

Allowing the bank to partner with the Bitcoin in terms of deposit will lead to the crash of Bitcoin because alot of things will go wrong.if bankers are involved in the Bitcoin deposits for a example:

1) people will lose interest in Bitcoin because they don't trust Bank anymore.
2) scamming Will increase because transactions with the Bank can never be as good and trusted like p2p
3) it can lead to involvement of politics.
4) hackers will come in
So I prefer  it the way it's now than involving bank deposit..

[Patikno]

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.

Speaking of possibilities, there is potential for banks to accept Bitcoin as an alternative currency. This could happen if banks confession towards Bitcoin, or perhaps are forced to accept Bitcoin, and these are due to several factors, such as widespread adoption and acceptance of Bitcoin as a medium of exchange. Banks see Bitcoin's immense potential, and they will utilize it through certain fees or even as a reserve to maintain the value of their companies. There could be many reasons why this could happen, whether it is sooner or later. But personally, I believe there will come a time when banks will accept Bitcoin, even if it seems forced upon them. Essentially, Bitcoin is currently in a revolutionary phase that requires time to bring about major changes in the social order, especially in the financial sector. I believe it will be more than that. We are currently seeing Bitcoin as a driving force for change towards a decentralized world. Once again, I really believe in that, so it is just a matter of time, as I said. CMIIW.

[Y3shot]

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.

Everything is possible, and I believe a time will come when the bank will be the biggest and safest exchange because Bitcoin is still growing. We can see how many countries are accepting Bitcoin and also developing a Bitcoin reserve.

If the governments are now friendly with Bitcoin, then it is possible that one day the bank will have something to do with Bitcoin, and it will be a great advantage to the bank because the bank will be more reliable than online exchanges. There won't be cases of theft and scams like what is found on online exchanges. I'm very sure that in a short time, we can have this.

[Promocodeudo]

Everything is possible, and I believe a time will come when the bank will be the biggest and safest exchange because Bitcoin is still growing. We can see how many countries are accepting Bitcoin and also developing a Bitcoin reserve.

If the governments are now friendly with Bitcoin, then it is possible that one day the bank will have something to do with Bitcoin, and it will be a great advantage to the bank because the bank will be more reliable than online exchanges. There won't be cases of theft and scams like what is found on online exchanges. I'm very sure that in a short time, we can have this.

Even if this happens in the future, I don't trust the banks, they don't believe in decentralization so I don't buy this idea, government apparatus can never be the safest exchanges, satoshi has a reason for making Bitcoin decentralized, the government and there institutions can never be trusted,  even though we see it as a welcome development that many nation now have interest in developing a Bitcoin reserve, I think things should be as it is, as a matter of fact it seems we are even overthinking, till when they accept what made them look worthless then I can further discuss about this.

Sometimes am even skeptical if the government of most countries are actually embracing Bitcoin or there's another agenda underneath, EL Salvador came out very open to do the needful, I think others are still playing politics for now until we see them do the needful,

[melinoe]

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.

And they would probably turn your BTC that you put in them to fiat back while doing operations - so, yeah.. It dissolves the logic of why BTC appeared in the first place.

[Die_empty]

Everything is possible, and I believe a time will come when the bank will be the biggest and safest exchange because Bitcoin is still growing. We can see how many countries are accepting Bitcoin and also developing a Bitcoin reserve.

If the governments are now friendly with Bitcoin, then it is possible that one day the bank will have something to do with Bitcoin, and it will be a great advantage to the bank because the bank will be more reliable than online exchanges. There won't be cases of theft and scams like what is found on online exchanges. I'm very sure that in a short time, we can have this.

If banks start acting as an exchange, it will be bad business for the current exchange market. Since leading exchanges ask for KYC, people might prefer to use banks since both of them are centralized. Banks are registered in our country and are also insured.  Funds will be safer in banks compared to centralized exchanges that are registered in countries like the Cayman Islands.

The government might authorise banks to act as crypto exchanges, but it will be under strict supervision.  The KYC requirements might be very annoying.

[r_victory]

If it's viable and profitable for them, they'll even accept stones as deposits  . Many still see Bitcoin as a threat, but that's changing as acceptance and awareness grow. Consider how Bitcoin has been in the spotlight in recent years. Everything points in this direction.

[2Pizza410000BTC]

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.

One thing I don't understand is why people want to send Bitcoin to banks? Where Bitcoin itself is providing more benefits than banks and there is no need for any third party, so we always hesitate to take the benefits and always move forward to accept complicated things. Imagine when you send money to someone, if you send money through Bitcoin, it will be possible in a moment but whenever you go to the bank to make a transaction you have to spend hours and days there if they prohibit you then you will never be able to make that transaction. Also when Bitcoin transactions are launched in banks and the deposit system is launched then we have to follow the instructions as the bank directs us so we are good as we are and want to move forward like this.

[coolcoinz]

It's possible they will accept it but through a third party. I think that some banks are already considering it.

The way this works they have a deal with a large exchange where that exchange provides an address. So when you go to a bank app and choose to deposit bitcoin, you get assigned an address that is a third party broker address. You send money to that address and the coins are instantly sold and converted to fiat money and that fiat money is added to your bank balance. Many companies (not banks) and we have banks that offer access to ETF investments and trade bitcoin, so that's not a huge step for them to make.

[Abu-Naim]

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.

What is the use of taking your Bitcoin to bank? It is something unreasonable because banking system is completely centralized, and Bitcoin is created to do something directly opposite to them entirely, then why should you expect them to accept Bitcoin as deposit, it is completely unreasonable mate.

I think anyone that sends their Bitcoin to centralized authorities like banks and so did not understand what Bitcoin is all about because it is the same as saving your Money in the exchanges because you know you don’t have control over it.
Moreover, banks cannot do anything they will not benefit from, therefore, they will not accept Bitcoin in my opinion because they might not be gaining from it, and when the market goes up, they might not be happy.

[leonair]

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.

It will depend on what kind of laws are set on crypto in a country. If the government of that country puts it under a law where banks can make crypto transactions, then of course customers will get the option to deposit crypto. As crypto is becoming more popular day by day, it is certainly expected that banks will accept crypto deposits in the future. However, it may take a long time for people to get used to it and for banks to get used to it. Because not every country in the world has legalized crypto yet. So it still takes a long time for the issue of depositing crypto directly into banks to become a normal thing.

[Jegileman]

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.

This is not something we can confidently decide now, it still has to depend on the country and their relationship with bitcoin as a whole. Even when bitcoin because legal tender and a means of exchange, we will still have some countries having strict rules on its use maybe because of their enmity with a country that has legalized it, they will not want to be called the copy cat country of an enmity country, so they may resist allowing it to be used in such countries. Banks are subjected to government rules, one government may allow that and the next government may not depending on how they feel about bitcoin. To me, this doesn’t matter as long as it has been accepted as a medium of exchange. There will still be other ways we can still make it work without involving the banks too much to be the major path to achieving seamless transactions through Bitcoin.

[happybitcoinph]

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.

Possible if it will push, but accept the fact that crypto-depositors need to undergo KYC.

Why? There's a situation called "chargeback". Banks can't settle a dispute in case been filed by their customer if another party is anonymous.

Why make things complicated? That's why there are crypto-exchanges or platforms. No need to cross over.

[Josefjix]

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.

No doubt it will happen but be sure to bend according to the policy set by bank to any Bitcoiners that would be depositing Bitcoin into bank, a lot of strict regulations will be passed to complete KYC verification, minimum and maximum amount and more which will actually control the customers hindering their full potential.

Also, the withdrawal and deposit fee banks can be charging will be too high.

[Antotena]

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.

That's like doing the opposite of what Bitcoin stands for in the first place. We say no to custodial storage and now you think Bitcoin will one day be accepted by banks, I don't even like the idea because they will have excuses to use that to attack Bitcoin when they have problems. The way Bitcoin is right now is how we want it or even better adoption. There is nothing better that banks will do with Bitcoin, I have a feeling that they are going to be worst than banks.

Instead banks accepting Bitcoin, I will rather see centralized exchanges start having offices in places where people can visit and see if there exchange is even real. This wouldn't help Bitcoin in any way but it will be fair to see them be that adoption. What we are expected of banks is to allow people use fiat to buy and sell Bitcoin as they want instead of this centralized dictatorship they are doing with customers money most especially in countries where there is no freedom for people.

[beveryu778]

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.

No doubt it will happen but be sure to bend according to the policy set by bank to any Bitcoiners that would be depositing Bitcoin into bank, a lot of strict regulations will be passed to complete KYC verification, minimum and maximum amount and more which will actually control the customers hindering their full potential.

Also, the withdrawal and deposit fee banks can be charging will be too high.

Banks always make perfect calculations. There is no change in the value of fiat money in their own country. So the bank can deduct the payment fee from its customer. But the fee of Bitcoin or other cryptos goes up and down depending on the network speed. So it will be difficult for the bank to maintain these issues. And since it takes time for the Bitcoin block to be confirmed, the bank will not be able to make instant payments to the customer. But it is not impossible, when people understand the issues, then according to the bank's policy, Bitcoin deposit and withdrawal can be started. But in this case, Bitcoin will be centralized, those who will withdraw Bitcoin deposits directly from the bank will have no privacy.

[Ryu_Ar1]

Even though it is possible, I would prefer that the government not do so.

The reason is quite simple: Satoshi created Bitcoin as a payment option, but it also functions without third parties, including banks, so why would we expect that to happen?
In addition, the government is certainly aware that the Bitcoin and fiat systems they operate are very different, so they would definitely not do such a thing, which I think makes it difficult for this to happen.

[Bitcoin Smith]

~
This is already happening in most countries, like in my country you can make crypto transactions with your bank account which is why we mainly use P2P to our trade Bitcoin.

This is not what OP meant to say as depositing bitcoin into bank account. What you do is just use bank account to buy bitcoin by paying in fiat currency from your bank account and the same goes for selling bitcoin too but you can't deposit bitcoin into bank account.
In my country every bank got their app just for CBDC so we are moving forward and hope one day we might use bitcoin to pay for things too but depositing into bank account may never happen unless people consider bitcoin as just an asset and use bank to keep them but it's against what the nature of decentralization and we should not move in that direction.