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Author Topic: Is there a true 'bank' for bitcoin?  (Read 2716 times)
wadili89
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March 03, 2015, 10:33:52 PM
 #41

I don`t see trusted "Bank" where I would send my BTC.
In the gambling section you can see many attemps for scam as they offer nice interest rate. But I would recommend to stay away.

more middle man more scam , OP still can achive this by offering loan and get intrest on it , as many already do this rite here in this forum

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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March 03, 2015, 10:38:17 PM
 #42

You can borrow btc from lenders on here granted you will probably have to provide collateral if you are not trusted but that should not matter if you plan on paying it back, also the interest is a lot better than loand company's extortion rates  Undecided

As has been said you are in a position to be your own bank, enjoy that as it has taken hundreds of years to become a reality.     

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March 03, 2015, 10:39:08 PM
 #43

The whole concept of Bitcoin goes against centralization, so it makes each person with a Bitcoin wallet "a bank".

It puts the onus strictly on the person or user to make sure that your funds are secured and protected from thieves.  There are some Bitcoin sites that lend and provide high yield investement type practices, but for the most part Bitcoin is all about making each and every human being it's own financial institution.

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March 03, 2015, 10:43:00 PM
 #44

you could use btcjam. that does sort of the same. Right Smiley

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March 03, 2015, 10:47:11 PM
 #45


 A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?

Bitcoin is a system to get away from the old ways that your are describing.  Decentralize is the name of the game.  There are plenty of ways to make your BTC work for you, but equally as many, maybe more, scams and schemes out there.  Do your homework before doing anything with your BTC.
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March 03, 2015, 10:47:32 PM
 #46

you could use btcjam. that does sort of the same. Right Smiley

Yes that is right it does lend threw p2p, good thinking i forgot about btcjam if i am honest as long as you have collateral and a means to pay back should have no problem getting a loan  Smiley and again i am sure it will not be as much as the sort of high interest loan you would get from bank etc  

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March 03, 2015, 10:52:13 PM
Last edit: March 03, 2015, 11:02:57 PM by MAsterV
 #47


 A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?


It defeats the purpose but for investing and taking loans.

TRY BTCJAM

https://btcjam.com

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March 03, 2015, 10:55:52 PM
 #48


 A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?


It defeats the purpose but for investing and taking loans.

TRY BTCJAM

REFERAL LINK: https://btcjam.com/?r=cd185ec0-03e3-43aa-9079-fae6acab87a9&utm_source=referral_url&utm_campaign=user_referral

REG: https://btcjam.com

I would remove your referral link before someone reports you and you get it deleted or maybe even banned as the rules state no referral links buddy  Wink

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March 03, 2015, 11:03:52 PM
 #49


 A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?


It defeats the purpose but for investing and taking loans.

TRY BTCJAM

REFERAL LINK: https://btcjam.com/?r=cd185ec0-03e3-43aa-9079-fae6acab87a9&utm_source=referral_url&utm_campaign=user_referral

REG: https://btcjam.com

I would remove your referral link before someone reports you and you get it deleted or maybe even banned as the rules state no referral links buddy  Wink


Edited it
Thnx Bralex

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March 03, 2015, 11:48:51 PM
 #50


 I don't want a middle man but it would be cool to have savings acount. I don't know with my bitcoin anyway.
Bitcoin does not have it, but you have that already with many altcoins that implement PoS (proof of stake) algorithm.
You earn interests on the coins in your wallet (decentralised-bank-account-like).

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March 03, 2015, 11:51:43 PM
 #51


 A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?

There are certainly "investments" and "funds" and other things like that where you can deposit bitcoins and either reap the rewards or mourn the scam you just fell for.  That is, I think you can find many many people who will be happy to hold your bitcoin for you and will offer to pay your for that, you just have to decide who is serious and who isn't.
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March 03, 2015, 11:52:08 PM
 #52

I heard inputs.io Is a good bank..  Roll Eyes


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March 03, 2015, 11:57:25 PM
 #53

I do not know if there is, and never wanted to know. For surely it is very risky to leave your Bitcoins somewhere other than not your wallet off.

But if you want to take risks, the previous posts, it seems that there is something rather similar to a bank.

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March 04, 2015, 12:37:32 AM
 #54


 A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?

Not right now. It will still take some time before reliable bitcoin banks develop.  Smiley


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March 04, 2015, 01:04:34 AM
 #55


 A place where you can give your bitcoins and earn savings or take out loans or whatever the other banks do really , just simply a bitcoin bank?

Not right now. It will still take some time before reliable bitcoin banks develop.  Smiley

And, as others have said, part of the point of bitcoin was supposed to be the "be your own bank" mentality.  So it's a little weird to ask for a bank.  Still, some sorts of a bank-like services are available if OP really wants to give his bitcoin away.
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March 04, 2015, 02:38:08 AM
 #56

you could use btcjam. that does sort of the same. Right Smiley

Yes that is right it does lend threw p2p, good thinking i forgot about btcjam if i am honest as long as you have collateral and a means to pay back should have no problem getting a loan  Smiley and again i am sure it will not be as much as the sort of high interest loan you would get from bank etc  
BTCJam does not accept collateral for loans and they only accept IDs which are easily faked. Out of every 100 loans, nearly 20 would default with no chance of contacting them. needless to say, their support isn't responsive.
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March 04, 2015, 02:48:15 AM
 #57

Oddly enough when I google "bitcoin bank" it auto fills to "Bitcoin bank interest" and one of the first links is to https://www.bitbond.com/

I don't know if they can be trusted or not but there are sure are banks ready to take your money and supposedly even give you a return of interest for 'banking' with them.

even when I type in google "bitcoin bank" that appears first is blockchain and both coinbase.

so the wallet is my own bank right?
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March 04, 2015, 02:51:44 AM
 #58

Wallet online or offline is the only one bank for your bitcoin because I can't find another bank beside wallet.
If there's exist , I want to try it out
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March 04, 2015, 02:57:58 AM
 #59

I think this defeats the whole purpose of Bitcoin....
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March 04, 2015, 06:46:59 AM
 #60

That would defeat the whole purpose of bitcoin: no middle man. Why would you want a middle man?
exactly, why do we need a bank? for some interest? i dont think so though its a good idea, if there were a bitcoin bank giving interest they would have to earn money by giving out loans but that is risky considering the nature of bitcoin.

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