Will banks One day accept Bitcoin deposit?

[DonaldCryptoTalk1]

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.

Yeah maybe one day banks will accept Bitcoin, but if they do it’ll probably just be like “Bitcoin accounts” where they hold it for you and give you an IOU. That’s not really the point of Bitcoin though.

The whole idea is you don’t need a bank, you can already be your own bank and hold your coins safely yourself. If banks ever jump in, it’ll just be for people who don’t wanna deal with self-custody.

So yeah, it could happen, but Bitcoiners don’t really need to wait on banks to give them permission.

[fruktik]

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. However in some countries you can make transactions with your crypto without using p2p. Like in the El Salvador you can actually pay tax with crypto currency, so like I have said earlier that it's already happening right now.

And not only taxes. Bitcoin has become a legal tender in this country on par with the dollar. The situation remains unchanged to this day. It is good when a person with progressive views is at the helm of the country and accepts new technologies as a new reality. There should be more of them, but alas... This world is too ossified and it is difficult to move to a new level of development. People have always wanted to gain total control over others. Why? It's simple. These are complexes that were in childhood and have remained with a person forever.

[FortuneFollower]

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.

Yeah maybe one day banks will accept Bitcoin, but if they do it’ll probably just be like “Bitcoin accounts” where they hold it for you and give you an IOU. That’s not really the point of Bitcoin though.

The whole idea is you don’t need a bank, you can already be your own bank and hold your coins safely yourself. If banks ever jump in, it’ll just be for people who don’t wanna deal with self-custody.

So yeah, it could happen, but Bitcoiners don’t really need to wait on banks to give them permission.

There is already talks about BTC-to-fiat cards on Mastercard, and so on, but I agree - it's a step not toward what BTC stands for.

It's for those that want to feel what it's like from the traditional standpoint..

[CageMabok]

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 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.

[arwin100]

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 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.

For now this is the notable things happened here https://www.cnbc.com/2025/05/19/jpmorgan-ceo-jamie-dimon-says-the-bank-will-let-clients-buy-bitcoin.html

That is the first step of great acceptance happened. Maybe in future if it happens that Bitcoin gain more momentum to more institutions those influential banks like JP Morgan and other more globally would allow their clients to deposit Bitcoin on their banks. So for now lets enjoy those things what we can do and make positive usage on Bitcoin. I believe Bitcoin would grow more and banks would adopt on the changes happened on the scene.

[fikrett]

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 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.

I do think, eventually, BTC will just be the greatest alternative out there.

Fiat and BTC don't need to compete, because both have their pros and cons for everyone, big and small: but they need to have the same grounds regarding possibilities and people being interested in using them on all type of scales to move forward.

[free-bit.co.in]

Like in the El Salvador you can actually pay tax with crypto currency, so like I have said earlier that it's already happening right now.

And not only taxes. Bitcoin has become a legal tender in this country on par with the dollar. The situation remains unchanged to this day.

That is no longer true, bitcoin is no longer legal tender in El Salvador and residents are no longer allowed to use bitcoin to pay taxes.

While bitcoin remains a legal payment method in El Salvador, but many reports suggest that people there are not inclined to use bitcoin as a currency or payment method. They still prefer to use traditional solutions and USD is still the dominant currency in their countries, not bitcoin.

[GreatArkansas]

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 don't think so. To answer it right now, and how Bitcoin was created, it's a NO. You can have a bank already in your wallet, so Bitcoin fixes that.
You don't need to get in line for hours at the bank just to open an account or to deposit money; less hassle.

So for me, it's really far and near impossible to happen.

[traderethereum]

It will but that depends on the acceptance of your government. They can not control Bitcoin like their fiat so it will not be easy for them to accept Bitcoin as payment.

We should be happy if our government accepts Bitcoin even though it is not for payment. Sooner or later, they will accept Bitcoin as a payment especially if they understand the benefit of Bitcoin.

Once that happens, we may need to clarify our Bitcoin to the government using verification. They will impose tax especially on those who own many.

[Ishicryptic]

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 put your Bitcoin in the custody of a bank when you can keep it by yourself in a none custodial wallet, Bitcoin is decentralized and gives it's holders privacy, if you leave it in a bank or CEX it is no longer in your control. Banks can facilitate crypto transactions but this is banned by the central bank of Nigeria, and Bitcoin holders are doing very fine despite the ban. I don't know if there will be a great impact in Bitcoin if banks accepts Bitcoin deposits, I believe that doing peer to peer with a second party or through exchanges as third parties are working just fine.

[ThemePen]

Banks will probably accept Bitcoin as medium of exchange and this is already beginning to happen. All this depends on global powers to bow down to it. Although there is still no possibility to drop Bitcoin at every local bank, more and more companies in financial sector are getting open to cryptocurrency by facilitating its purchase and sale. In addition, variety of governments are developing their own digital currencies, which is indication that they are becoming desensitized to digital currency. Due to this and fact that large organisations are now starting to invest in Bitcoin boundaries between traditional banking and crypto are also becoming more permeable. Your vision is not something remote and futuristic but transformation, which already has begun.

[AVE5]

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.

Is there going to be a hijack of the decentralized finance as privilege to Privacies and self custodian of individual funds there in the future? If what you said happens, that means the decentralized concept is ruined.
Bitcoin is Defi and ideally an alternative means of making payments without being regulated and imposing force of adoption.
Besides looking at the countries comprised of the world powers, there's no friendliness in their respective geopolitical relationships.
UK, Russia, China, Japan, USA and the rest of them are fighting Individually of who dominantes the world's economy and global infrastructures. So I doubt if they'd ever come in agreement to legally accept the system in conjunction that even the world bank would have to accept it forcefully.
Each and every countries considering to adopt bitcoin for it legal tenders is at their own right/decisions while the risk of volatilities is paramount never to force anyone in.

[BlockNomad]

Some banks are already experimenting with crypto services. It’ll be fascinating to see how mainstream adoption unfolds

[nemesis_incarnate]

Some banks are already experimenting with crypto services. It’ll be fascinating to see how mainstream adoption unfolds

It's still a puff and duff if they want their services to be about turning crypto to fiat to do the things, basically.

It's good they take up crypto as something to work with as a whole, but not good how it's intended to be..

Welcome to the forum, by the way!

[Dex_master25]

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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 do think that for banks to start accepting bitcoin for deposits and for payments, would mean that the government of the country in which such bank operates, must have acknowledged it as an accepted currency and trade it internationally. Else, banks have no right to accept what the government hasn't accepted yet, officially.

I think that many individuals even in countries where Bitcoin isn't yet a legal currency, already own bitcoin and maybe other cryptocurrency investments too and it is just a matter of time before more countries accept it, because the idea of cryptocurrency is that which supports an individual to own it and transact with it from any part of the world, as long there's access to internet and mobile devices available.

The world is evolving both technologically with advancement in artificial intelligence and digital currency. We even see robots taking over human jobs just because those that fail to adapt to the times get left behind. Thus, I think it is just a matter of time for banks in both major and minor countries of the world to transact, accept and even exchange crypto currency on the internation, market.

[Hewlet]

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 generally do not have any issue with bitcoin as far as i am concerned. they are after there profit and as long as they keep geting their profit, that is just okay with them. if  bitcoin users are ready to cooperate with banks and the government of said natipon is okay with it, then no bank will want to reject bitcoin no matter what. the reason for what will look like a form of rejection is only going to be the case when their is an outright statement on the part of the government that no one should be allowed to carry out crypto transaction at bank. once that sort of regulation is in place, then banks will have no choice rather tha abiding with the laws they are operating under.

[Plaguedeath]

Weird idea.

It requires Bitcoin to be a currency, that's the minimum requirement. AFAIK El Salvador who accept Bitcoin as a currency didn't even have banks accepting Bitcoin as deposit.

I don't think it's gonna work, people go to banks because they want to deposit or withdraw cash (tangible asset), while Bitcoin is intangible asset, so why people have to come to banks to make deposit?

[tottong]

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.

The financial system that has been built by a country cannot be changed quickly, and banks are affiliated with government regulations along the way.
In the future, this may happen because nothing is impossible in this world, but it will take time because it cannot be forced to be implemented faster.
Regarding the issue of fiat currency still being used by all countries, that is another matter, and perhaps the discussion lies in the acceptance and policies of banks in evolving to accept Bitcoin deposits.
If this opportunity is seized, banks can profitably charge service fees, ultimately benefiting the country. But essentially, we already have our own bank in our wallet, which allows for greater transparency and ease of operation.

[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.

In a way many banks already kinda offer this, but they usually work with an exchange really.

For example you can have a credit card that is linked to a Bitcoin address the exchange control, and every time you buy with your card they just sell part of your bitcoin.

It's already there really.

[BlockNomad]

Some banks are already experimenting with crypto services. It’ll be fascinating to see how mainstream adoption unfolds

It's still a puff and duff if they want their services to be about turning crypto to fiat to do the things, basically.

It's good they take up crypto as something to work with as a whole, but not good how it's intended to be..

Welcome to the forum, by the way!

Yeah, I get what you mean. And thanks for the warm welcome!