Will banks One day accept Bitcoin deposit?

[Sonia_123]

Accepting Bitcoin in banks will take a lot of time but it will come gradually , when they're filled with pressure from the populace they will have no choice.

The reason why they are finding it difficlult to accept Bitcoin in banks is because of its anonymity and cannot be controlled by any third party making it difficlult for them to access and frozen customers account as they want at any point in time .

[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.

If I may ask why would you want to take your bitcoin to the bank or why would you want to have a bitcoin transaction in the bank, If Banks begins to accept bitcoin deposits you should be rest assured there will be a lot of charges involved, and mostly you will have delay in your transaction, I think Bitcoin was just made to be an online asset, It doesn’t matter how if banks accept bitcoin deposits, be rest assured that bitcoin will always be Independent to itself. Bitcoin will always remain an online asset.

If banks start accepting Bitcoin, the biggest problem is that Bitcoin, which was considered a symbol of financial freedom, will be hindered. All investors there will be under the Bank by doing KYC process. A Bitcoiner cannot remain anonymous as he wishes, which will definitely indicate the opposite of the purpose of Bitcoin's value. If this system of banks continues, eventually all Bitcoin users will be under control through KYC. That is why I think that the adoption of Bitcoin by banks won't have importance. Moreover, it is safest to keep Bitcoin in your own wallet according to your convenience.

[finaleshot2016]

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 I may ask why would you want to take your bitcoin to the bank or why would you want to have a bitcoin transaction in the bank, If Banks begins to accept bitcoin deposits you should be rest assured there will be a lot of charges involved, and mostly you will have delay in your transaction, I think Bitcoin was just made to be an online asset, It doesn’t matter how if banks accept bitcoin deposits, be rest assured that bitcoin will always be Independent to itself. Bitcoin will always remain an online asset.

If banks start accepting Bitcoin, the biggest problem is that Bitcoin, which was considered a symbol of financial freedom, will be hindered. All investors there will be under the Bank by doing KYC process. A Bitcoiner cannot remain anonymous as he wishes, which will definitely indicate the opposite of the purpose of Bitcoin's value. If this system of banks continues, eventually all Bitcoin users will be under control through KYC. That is why I think that the adoption of Bitcoin by banks won't have importance. Moreover, it is safest to keep Bitcoin in your own wallet according to your convenience.

Banks utilizing the use of crypto is just another profit for them. It may look pretty less hassle for us but in reality, they’re earning from us and at the same time they control it. The point of having BTC is useless already so, if yoy will just out it in a bank. We think that a multi feature financial app could help us save time but wrong, time isn’t a problem to us, we use BTC because of decentralization and financial freedom, we waited a lot of time for btc to grow again, time is out partner so it’s not a good reason that we use multi feature app to save time. So if you really want to be safe from these traditional banks that wanted to milk your crypto then tranfer it now to dex, your keys your money.

[Pale Knight]

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 I may ask why would you want to take your bitcoin to the bank or why would you want to have a bitcoin transaction in the bank, If Banks begins to accept bitcoin deposits you should be rest assured there will be a lot of charges involved, and mostly you will have delay in your transaction, I think Bitcoin was just made to be an online asset, It doesnÂ’t matter how if banks accept bitcoin deposits, be rest assured that bitcoin will always be Independent to itself. Bitcoin will always remain an online asset.

If banks start accepting Bitcoin, the biggest problem is that Bitcoin, which was considered a symbol of financial freedom, will be hindered. All investors there will be under the Bank by doing KYC process. A Bitcoiner cannot remain anonymous as he wishes, which will definitely indicate the opposite of the purpose of Bitcoin's value. If this system of banks continues, eventually all Bitcoin users will be under control through KYC. That is why I think that the adoption of Bitcoin by banks won't have importance. Moreover, it is safest to keep Bitcoin in your own wallet according to your convenience.

Banks utilizing the use of crypto is just another profit for them. It may look pretty less hassle for us but in reality, theyÂ’re earning from us and at the same time they control it. The point of having BTC is useless already so, if yoy will just out it in a bank. We think that a multi feature financial app could help us save time but wrong, time isnÂ’t a problem to us, we use BTC because of decentralization and financial freedom, we waited a lot of time for btc to grow again, time is out partner so itÂ’s not a good reason that we use multi feature app to save time. So if you really want to be safe from these traditional banks that wanted to milk your crypto then tranfer it now to dex, your keys your money.

i remember back in 2020 when people first started talking about banks holding crypto. a lot of folks were skeptical, like "why would i trust a bank with my btc?" but things have changed since then. btw, i get where u're coming from about banks profiting from crypto services. still, having that option could bring in more mainstream adoption. not sure if it's ideal for everyone, but it could be useful for some.

[JiiBs]

Accepting Bitcoin in banks will take a lot of time but it will come gradually , when they're filled with pressure from the populace they will have no choice.

In essence, we are going to have a time when banks would have a public address and have Bitcoin investors deposit into them, just the way we have with exchangers… well, that’s possible but doesn’t sound very logical at this time to me.

The ownership of our Bitcoins is manly having to own a private key or seed phrase to the wallet its stored in and this wouldn’t be the initiatives banks would want to use in any eventuality, they would want control and you know it’s a wrong idea giving a 3rd party a great deal of control over your Bitcoin.