People say by 2020 we will all be using bitcoin as a payment system. Really? In my opinion, it is doubtful. bitcoin is good for trading them, but as a serving coin there are more successful altcoin units. What do you think?
If we talk only about payment systems, maybe I will believe that bitcoin will be faster than classic visa transactions. if we say that it alone will command the market, I doubt it. 
Topic: Bitcoin cryptocurrency banks needed. (Read 1014 times)
No need "bitcoin bank" people can use their own wallets like bank accounts..
People say by 2020 we will all be using bitcoin as a payment system. Really? In my opinion, it is doubtful. bitcoin is good for trading them, but as a serving coin there are more successful altcoin units. What do you think?
No need the cryptocurrency banks. It reach the all people. so people will be keep the bitcoin own like banks. Coming future bank will be change digital way. So bitcoin will work separate no one can stop it. Bitcoin is your own save for future purpose. So it help to future growth.
No need a crypto bank for bitcoin because you can keep your bitcoins by your own like a banks. Just make secure all important details of your bitcoin account and make it safe not just in pc or computer but also have a back up.
it will be hard to realize it because we know that the bitcoin created decentralized it means we dont have any bitcoin center in the world, but if ou makes bitcoin banks it means it will be the bitcoin center and it will break the decentralized features on bitcoin
based on votes, many people think that cryptocurrency does not need a bank. well, I quite agree with that, because basically, the wallet can be considered as good storage. besides, many exchangers also function like banks.
The cyberspace does not need any cryptocurrency bank. We have our wallet addresses ad public key known to us alone. Getting cryptocurrency banks makes our crypto asset not trustless we need someone to keep our asset and we have to pay for it.
Banks can only be cash out option since bitcoin is not yet widely accepted, a normal person cannot buy food and medicine with his BTC. Most of us needs to convert our BTC first into fiat to enjoy its value, maybe in the future there will be establishment that will accept BTC as money but it will take time, for now we need bank as they give convenience to us, and also we have to comply with their rules, which is the KYC.
Cryptocurrency world does not need banks now and they dont need it in the future. Cryptocurrency was designed so everyone can own and control their own wealth not banks that will limit your access to your money. We dont need the banks.
One of the major reason bitcoin (cryptocurrency) was introduced in the first place was to give the world financial freedom from government and banks who have for so long played on citizens and their wealth. Having a cryptocurrency bank will mean going back to what we have been trying to avoid from the beginning and government and the banks will then continue stealing from us like they have been doing. We definitely dont need cryptocurrency banks, not now not ever.
The crypto ecosystem do not need banks for people to keep their Bitcoin in these banks. If crypto banks should be adopted into the crypto space, they will operate similarly to that of exchange platforms. Because you will need an amount with security features like setting up passwords and any other protective security measures to help protect the amount from being hacked. There are platforms which already operate like Banks and these platforms are more effective than Banks basically due to the 24/7 services provided by them. Banks will just try to make the entire crypto ecosystem centralized which goes against the true nature of Bitcoin and other cryptocurrencies.
In my perpective, satoshi wants people to keep their own money by theirselves and try not to trust bank system, that is why he invented Bitcoin. Also, In my opinion, it's impossible in the current condition. Bitcoin value is relying on USD and altcoins are relying on Bitcoin, therefore bank system might not be able to give an exact profit (in USD) for their customers.
The survey shows the interest of some people, though the number of people that applied for the survey is low at 27 compare with number of post in the thread. The idea of the cryptocurrency especially bitcoin shouldn't use banks but I think other idea of blockchain payment could be attached to banks for payment in relevant fiat or other means.
It should stay that way, having your own wallet and deal with it without any needs of going to the banks and pay for the fees, that's how we supposed toenjoy this system, I don't know why we needs centralized helps even this crytocurrency already works without it.
Bitcoin cyptocurrency banks need in high street because it needs to support the demand of every bitcoiner that have an daily transactions. It can help bitcoin banker or investor to help them to transact more easy and less hassle and also as a security issue it is more safer to store your bitcoin in bitcoin bank rather than our digital wallets.
I think you are talking about bitcoin ATM and as we know there already are thousands of them existing all around the world. I dont think a bank would ever offer people the feature of buying bitcoin using their services because right know banks are closing accounts that are suspicios and realted to bitcoin transactions.Bitcoin ATMs are only in the main cities, smaller cities don't have them.
I genuinely think that the way forward would be if existing banks allowed people to have a crypto wallet alongside their existing account. That would solve the problem of moving money back and forth into fiat.
People say by 2020 we will all be using bitcoin as a payment system. Really? In my opinion, it is doubtful. bitcoin is good for trading them, but as a serving coin there are more successful altcoin units. What do you think?
I would not dismiss large service companies that run their token. for example, paypal, instagram, microsoft. I had a little time to earn extra money when writing forecasts on the taklimakan. and I do not plan to sell tokens just for bitcoin. trader's portfolio must be balancedI am one of them that support cryptocurrency banks.
Why I supposed is because not all cryptocurrency uses can store there cryptocurrency safely and need support.
Most people don’t know about cryptocurrency wallets or have never used cryptocurrency but want to know more.
Most important factor here is if you have a lot of cryptocurrency and store on a ledge or pc what would happen if something goes wrong. Like the Canadian cryptocurrency exchange where the owner dead and investors lost there crypto because he was the only one with access to the legal.
If this was stored in a bank and was in control of cryptocurrency bank manager then this would have been avoided.
I have made a quick poll to see what members say. Please leave a reply if you have any idea how this will work.
Thank you for reading
In cryptos, we are trying to eliminate third party. It is giving financial independence to own our own money without anyone's involvement. All what is needed is that we can take care of our private keys. I agree ledger and some offline wallets can be expensive for people. You can always go for paper wallets. We should be responsible enough to take care of our own money than being dependent upon other. Even their wallets are prone to hacking. Hackers are more interested in those wallets. Why I supposed is because not all cryptocurrency uses can store there cryptocurrency safely and need support.
Most people don’t know about cryptocurrency wallets or have never used cryptocurrency but want to know more.
Most important factor here is if you have a lot of cryptocurrency and store on a ledge or pc what would happen if something goes wrong. Like the Canadian cryptocurrency exchange where the owner dead and investors lost there crypto because he was the only one with access to the legal.
If this was stored in a bank and was in control of cryptocurrency bank manager then this would have been avoided.
I have made a quick poll to see what members say. Please leave a reply if you have any idea how this will work.
Thank you for reading
I don't support crypto bank at all. We are here to make banks obsolete not to bring more.
Bitcoin cyptocurrency banks need in high street because it needs to support the demand of every bitcoiner that have an daily transactions. It can help bitcoin banker or investor to help them to transact more easy and less hassle and also as a security issue it is more safer to store your bitcoin in bitcoin bank rather than our digital wallets.
- Well, crypto banks and bitcoin banks will really help users get assurance and security in transactions and storage but the problem here is that users will hardly be able to participate in these banks because in people's thinking, banks always be a property of the government, the government will manage very closely and it will create many taxes for bitcoin and crypto. And the income is not so much while the tax may be too high and inappropriate, so instead of accepting participation in these banks, storing in the wallet will probably be better although it has a bit of risk 
There is no need for a cryptocurrency banks and it is not even an issue of security. Its an issue of being independent from this financial sharks.
1. Cryptocurrency is safe in banks?
* This is a false assumption. There is no guarantee that your cryptocurrency will be very safe in the bank. Even banks are prone to hacking and they will be the favorite targets of hackers just like the exchangers that are in constant attacks.
*Your cryptocurrency is safe in your wallet. Store it in your hardwallet and keep it.
2. Banks are sharks
* If you keep your cryptocurrency in banks the moment you transferred it you will be charged with a huge fee. And also you should not hold your coin in the bank for a long time they will tag it as a dormant account and they will charge you with dormancy fee.
1. Cryptocurrency is safe in banks?
* This is a false assumption. There is no guarantee that your cryptocurrency will be very safe in the bank. Even banks are prone to hacking and they will be the favorite targets of hackers just like the exchangers that are in constant attacks.
*Your cryptocurrency is safe in your wallet. Store it in your hardwallet and keep it.
2. Banks are sharks
* If you keep your cryptocurrency in banks the moment you transferred it you will be charged with a huge fee. And also you should not hold your coin in the bank for a long time they will tag it as a dormant account and they will charge you with dormancy fee.
I am one of them that support cryptocurrency banks.
Why I supposed is because not all cryptocurrency uses can store there cryptocurrency safely and need support.
Most people don’t know about cryptocurrency wallets or have never used cryptocurrency but want to know more.
Most important factor here is if you have a lot of cryptocurrency and store on a ledge or pc what would happen if something goes wrong. Like the Canadian cryptocurrency exchange where the owner dead and investors lost there crypto because he was the only one with access to the legal.
If this was stored in a bank and was in control of cryptocurrency bank manager then this would have been avoided.
I have made a quick poll to see what members say. Please leave a reply if you have any idea how this will work.
Thank you for reading
well I giggled a lot at that term bank manager in bitcoin. I think you are pretty unclear about the whole concept of a P2P network. You don't have to keep a bank in between two people transacting in Cryptocurrency because crypto basically doesn't needs this. If a person cannot use ledger or trezor he must be given knowledge regarding it. Moreover even exchange is not a good place to store money if you really take btc as a means of payment. Why I supposed is because not all cryptocurrency uses can store there cryptocurrency safely and need support.
Most people don’t know about cryptocurrency wallets or have never used cryptocurrency but want to know more.
Most important factor here is if you have a lot of cryptocurrency and store on a ledge or pc what would happen if something goes wrong. Like the Canadian cryptocurrency exchange where the owner dead and investors lost there crypto because he was the only one with access to the legal.
If this was stored in a bank and was in control of cryptocurrency bank manager then this would have been avoided.
I have made a quick poll to see what members say. Please leave a reply if you have any idea how this will work.
Thank you for reading
Bitcoin cyptocurrency banks need in high street because it needs to support the demand of every bitcoiner that have an daily transactions. It can help bitcoin banker or investor to help them to transact more easy and less hassle and also as a security issue it is more safer to store your bitcoin in bitcoin bank rather than our digital wallets.
I think you are talking about bitcoin ATM and as we know there already are thousands of them existing all around the world. I dont think a bank would ever offer people the feature of buying bitcoin using their services because right know banks are closing accounts that are suspicios and realted to bitcoin transactions. Jump to: