Topic: Bitcoin Bank??? - page 42. (Read 45646 times)
If you want to earn interest you can lend your bitcoins in several platforms, but it is not risk free.
im sorry.. interest rates are for using or lending borrowed money..
bitcoin is the opposite..
there are no interest rates in bitcoin because there is no bank created money in the system.
the reserve requirement in bitcoin is 100%
bitcoin is the opposite..
there are no interest rates in bitcoin because there is no bank created money in the system.
the reserve requirement in bitcoin is 100%
It's naive and shortsighted to believe that Bitcoin can replace banks entirely. A lot of wealth, if not most was created through business loans. There has to be an incentive to invest and support projects of all kinds and give money to those who need it to create valuable services. Most people are dirt poor but some have awesome ideas. Until crowdfunding has done away with banks even for large scale projects, we will need banks. Not everything that is connected to a bank is bad or evil.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
Unfortunately, there isn't a bank offering this service yet, but I'd be very happy to see a bank where I could deposit some BTC and gain some interest each year. This, in addition to BTC's normal price rise. The main problem would be to build trust so I don't expect a start-up to launch such a service, but a Swiss bank could do it. Interest would probably be very low, though. Maybe only 1%, but interest rates are low everywhere.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
There is many "investment" sites, most of them are ponzi schemes, but i don't hear yet about Bitcoin Bank, and i don't think such bank can success with bitcoin methods and transactions, because of the Bitcoin's features like the anonymity
'Bitcoin method of transactions' has no effect on your investments at all, the only thing you need is your return bitcoin address, with that everything you invested plus interest can be returned to you.
even if there would be a bitcoin related bank that was offering interest rates for storing coins at their bank, i would never do it. i don't like a third party to have full control over my coins. that's against the nature of why i joined bitcoin.
I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
I think he wants to accrue interest on his idle lying bitcoins just like we earn interest on money that we keep in banks
You can only using the wallet , with Bitcoin there is no Banking services following its features
But you can always invest your coins with some trusted systems to make some profit
But you can always invest your coins with some trusted systems to make some profit
Official banks have to get official government approval to open, and banking licenses. I don't know of any official bank that's been given banking licenses to accept deposits and withdrawals of Bitcoins, and store them in customer's accounts like fiat. There are exchanges with insurance like Gemini, but they don't have to comply with the level of regulation that banks do.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
There is many "investment" sites, most of them are ponzi schemes, but i don't hear yet about Bitcoin Bank, and i don't think such bank can success with bitcoin methods and transactions, because of the Bitcoin's features like the anonymity
i never heared about bitcoin bank there is many bitcoin wallets to store bitcoin and also there are website to invest your bitcoin in
I know we can keep safe our bitcoins in an online wallet but they don't grow .. Whatever I know online bitcoin bank is not going to happen.
There is no online bank now. But in the future, when bitcoin become main stream, there will be online banks dealing with bitcoin saving and lending.
I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
Yes, absolutely. You can keep your bitcoins in your "own" bank. You can make yourself loans, issue yourself interest payments, design your own debit card, get a good piece of design software and make some checks, print them, and write yourself checks!My god, a brain eating zombie would starve to death here.
Sure the main thinking were to get some income from the bitcoins deposited into those bank,the same way it happens with fiat.There are bitfinex and poloniex and some others that allow you to earn an income from your bitcoins ,besides those its free as soon as someone takes yours offer ,and for sure better rates then try some bank.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
The closest thing to that I have found is haobtc online wallet. It provides interest on your savings there and also allows for deposit for more interest. Online wallets are not that trustworthy though, but CEO has posted several pics of their mining operation and all.
Interest come from their mining, I think.
Their interest is from their mining. So it is quite reliable for the time being. But if the price of bitcoin drop a lot, I am not sure if they can still pay out.
HaoBTC is not a bank. It does not lend out.
I know we can keep safe our bitcoins in an online wallet but they don't grow .. Whatever I know online bitcoin bank is not going to happen.
The closest thing to earning interest would be depositing coins into Bitfinex and lending them out for swaps. However, you need to be actively managing the swaps because the interest rate changes. As borrowers return your coins they become available again but you'd need to adjust your rate to remain competitive or else nobody will borrow from you (or you are lending them out too cheap). Many people wrote bots to do this.
There should be a online bitcoin bank where people deposits there bitcoins like dollars in bank and the bank should exactly work like real life banks . but too much scams happens everyday so people will not trust the online bank lol
You are joking, right?
Well why should i joke i personally likes bank so just thought that there should be an online bank .. To help peoples to keep there money safe and growing slowly
Its called an online wallet, there are tons of them.
I know we can keep safe our bitcoins in an online wallet but they don't grow .. Whatever I know online bitcoin bank is not going to happen.
They do, its call deflation nature. FIAT (can) grow in bank because of its inflation nature, so the bank can "pay" interest but it does not even cover inflation generally, so you're actually losing money by holding FIAT in banks.
BTC grow in storage because of its deflationary nature.
There should be a online bitcoin bank where people deposits there bitcoins like dollars in bank and the bank should exactly work like real life banks . but too much scams happens everyday so people will not trust the online bank lol
You are joking, right?
Well why should i joke i personally likes bank so just thought that there should be an online bank .. To help peoples to keep there money safe and growing slowly
Its called an online wallet, there are tons of them.
I know we can keep safe our bitcoins in an online wallet but they don't grow .. Whatever I know online bitcoin bank is not going to happen.
IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
The closest thing to that I have found is haobtc online wallet. It provides interest on your savings there and also allows for deposit for more interest. Online wallets are not that trustworthy though, but CEO has posted several pics of their mining operation and all.
Interest come from their mining, I think.
There should be a online bitcoin bank where people deposits there bitcoins like dollars in bank and the bank should exactly work like real life banks . but too much scams happens everyday so people will not trust the online bank lol
You are joking, right?
Well why should i joke i personally likes bank so just thought that there should be an online bank .. To help peoples to keep there money safe and growing slowly
Its called an online wallet, there are tons of them.
Jump to: