Banking with your bitcoin - page 3. | Bitcointalksearch.org

deadsilent

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They are contrast against each other. Banks are centralized because they complying with the rules of the government. Bitcoin is decentralise. Means it's not complied with the policy given by the government. That's why i don't think it will happen. Besides, Bitcoin is a bank itself. Just choose your desired wallet and keep it as long as you want.

Quote from: Bosx1ne on September 09, 2017, 08:47:36 AM

Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

Yes it is possible. Many banks today are accepting bitcoins. I can say that the banks will support the bitcoin.

Really? What bank? I never heard about it before.
I only know Ripple(XRP). Ripple is used by many banks. They said it is a decentralized platform. But i doubt about that.

KennyR

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Few banks around the world has started to function with bitcoin as well started to accept bitcoin. Banking with bitcoin is not a big deal with the ongoing mass adoption happening from different countries as a whole. Right now through trading can convert to fiat and do banking.

krayzie32

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I think it is hard for now because no gov accept bitcoin. But some country like Japan I think u will see it soon

newlone

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I have since seen banks accept BTC, accept it as a currency you can send as withdrawals as conventional currency.

phr0stbyt3

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It is possible and implementing it won't cause much and isn't hard but if the banks does this it means it is a currency and they need to sign a agreement of partnership unfortunately there is no one to sign the agreement so it is not possible for banks to enable this plus it is not a official currency banks are like wallets if something like this has to happen it should be any local exchange to allow this not banks

zarados

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Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

I think the possibility are very small. Instead, the bank would create their own crypto currency. So they are not just distributed pyshical money, but also a crypto currency. Don't you agree with this? Think if this is truly happen, more crypto with created, and its mean crypto currency become more stronger than before.

Bosx1ne

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Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

Yes it is possible. Many banks today are accepting bitcoins. I can say that the banks will support the bitcoin.

Mike Mayor

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Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

We're you dropped on your head or something ? You don't need a bank since you are the bank. The power is in your hands and you own your money. What you saying is you want to give the power back to the banks and you don't want to own your own Bitcoin. Dude you know the bank can freeze your assets. Your bitcoin wallet can never be frozen since it's on your control. I'm sorry bit if this is the kinda crap you going to be posting please stop. Sell all your Bitcoin for fair and leave. I know this is rude but what so you expect you being ridiculous and you not thinking.

TheBTCAlex

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Banking and bitcoin are pretty much not synonymous. Never does banking come to one's mind when you think about Bitcoin. Its just not happening because of the decentralized nature of Bitcoin. It does not allow banking staff to control it, and it won't let banks profit off of it, the banks won't be able to use it to get any business going. I think that pretty much covers it.
It isn't happening.

stompix

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Quote from: Juggy777 on September 09, 2017, 06:31:06 AM

Well there are some banks who are allowing Bitcoin trade and accepting it, but not all will do one of the main reasons they won't accept is cause they can't risk being unlisted cause Bitcoin is not accepted as a legal currency. Even if your bank starts accepting it be careful if they are authorised, cause there are hardly any bank that can accept it.

Quote from: Singbatak on September 09, 2017, 06:23:35 AM

Here we can withdraw bitcoins into your bank acc. But it goes through a company and they put it on your acc. It means they are 3rd party only. I do not know if it's bad and it affects my transaction. And I'm looking at what you can and you will not have any issues here so I think it can happen in other countries

How about you two name those "banks".
People are starting to lose common sense, they mistake banks with exchanges, they think that withdrawing money from bitstamp means a bank is accepting coins, having a bitcoin atm means there is a bank behind it and more and more stupid things like this.

Quote from: crismass1225 on September 09, 2017, 06:17:11 AM

as of now you can buy bitcoin in different bank, believe it or not bitcoin is so popular and bank see more potentials on it so there are banks that accept bitcoin deposit in you wallet address. If am not mistake Visa are accepting bitcoin deposit. also WB21 digital bank also accept bitcoin deposit Ref: https://www.business.com/articles/digital-bank-wb21-is-accepting-bitcoin-deposits/

also you can check news about bank accepting bitcoin in BITCOIN NEWS, Blockchain News and Coindesk.

Read the article?
https://www.wb21.com/WBPressRelease14.06.16/

Quote

As soon as they send bitcoin to our address, we credit the
value in the currency the customer has selected to their checking account. The funds are instantly
available on the account and can be sent out by wire transfers or spent with a WB21 Debit Card.
The process to convert bitcoin into cash on a bank account is the fastest I am aware of. For us the
acceptance of Bitcoin is a great way to support our global roll-out and improve customers fund
depositing experience.”

There is no bank that is accepting BTC right now.
And sincerely I don't see any reason why they should and why I would even think of depositing my coins there.

Why? Really. Name one reason I should send my coins from my encrypted wallet to an entity which can simply say, we need to lock them down.

LeGaulois

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The day that we will see the banks accepting Bitcoin (so using it), will mean they finally accept that the traditional banking system as we know is not so good as they claim since years. It will need a drastic change in their minds and not just for the sake of "yeah we can make money with it" A reboot of the system may be an opportunity to do it, but it may also need the biggest crisis than 2008 and others

cengsuwuei

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Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

bitcoin is virtual curency, digital curency, with fluctuative price
without regulation, and not control anything country, so bank can't accepted direct deposit bitcoin

Ayush rana

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With the advancement in technology, bitcoin became the cryptocurrency and get the value of legal currency in many countries like Japan and U.S.A. so yes we can use Bitcoin for our banking purpose, and we can transfer bitcoin to our banks thorough various bitcoin wallets.

Phillionex Project

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How can i convert my bitcoin to cash..which exchange can i do that very easily

FrueGreads

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Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

I don't know why you would want to do that. First it wouldn't be a deposit, it would be just an exchange so if payments are accepted in bitcoin, you don't really need to exchange them for fiat. If you want to exchange them for fiat, then using an exchange or services like neteller, payza, and who knows paypal, will be more than enough I guess. For bitcoins to be deposit in banks, then they would have to create a wallet themselves, and I don't see any advantages in that.

sanforized

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It is likely that some will accept and some will not. The reason for the bank is your security and comfort. It's good we keep bitcoin in the wallet, if necessary use enough. Be careful in making transactions that you do not yet know. I also still need to learn a lot about transactions.

Palmerson

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Quote from: Juggy777 on September 09, 2017, 06:31:06 AM

Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

Well there are some banks who are allowing Bitcoin trade and accepting it, but not all will do one of the main reasons they won't accept is cause they can't risk being unlisted cause Bitcoin is not accepted as a legal currency. Even if your bank starts accepting it be careful if they are authorised, cause there are hardly any bank that can accept it.

Name me one Bank that takes bitcoins. It seems to me that at this time banks do not. The maximum that banks can be the intermediary between you and the exchanger you are changing the bitcoins to Fiat. Banks will never get a license to use bitcoins.

Juggy777

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Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

Well there are some banks who are allowing Bitcoin trade and accepting it, but not all will do one of the main reasons they won't accept is cause they can't risk being unlisted cause Bitcoin is not accepted as a legal currency. Even if your bank starts accepting it be careful if they are authorised, cause there are hardly any bank that can accept it.

Singbatak

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Activity: 434

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Quote from: jb26 on September 04, 2017, 11:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

Here we can withdraw bitcoins into your bank acc. But it goes through a company and they put it on your acc. It means they are 3rd party only. I do not know if it's bad and it affects my transaction. And I'm looking at what you can and you will not have any issues here so I think it can happen in other countries

crismass1225

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Activity: 98

Merit: 10

as of now you can buy bitcoin in different bank, believe it or not bitcoin is so popular and bank see more potentials on it so there are banks that accept bitcoin deposit in you wallet address. If am not mistake Visa are accepting bitcoin deposit. also WB21 digital bank also accept bitcoin deposit Ref: https://www.business.com/articles/digital-bank-wb21-is-accepting-bitcoin-deposits/

also you can check news about bank accepting bitcoin in BITCOIN NEWS, Blockchain News and Coindesk.

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