Consider the recent rise it is now more important then ever keep the coin secure

prtty2gal2

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Quote from: ?? on ??

Sure, but why would I need a bank for crypto if I already got my wallet here in my desktop. Is it already good to have your coins secured without having to maintain such balance to just to keep it active? I could utilize banks with crypto if such purchases would be made through that but as far as I know there's no reason to go through bank with that because crypto is being independent by itself, actually.

I still believe that these traditional banks are still the ones promoting these crypto banks just to continue staying in control of people’s funds since it has become impossible for them ever since bitcoin technology was created which did not give permission for them to do so.

I wonder why people who are knowledgeable in cryptocurrency and knowing fully well that we have lots of solid wallets that are available in the industry already to keep people’s fund even more secured than keeping in a crypto bank create a crypto bank again, I am still trying to really see the usefulness of these banks.

Reid

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Wow. So there are really banks who accepts it to buy crypto.
I dont get it, supporting something which could bury them in the long run.

Here is the thing.
They cannot stop it and that is why they are going with the flow. Or else they will left with nothing or let us just say bankruptcy.

Soon even banks with big names will start making their own. That is a fact.

CryptoToxicAvenger

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That's great news. This will provide good crypto support and attract many new users. After all, now the security of your crypto assets can be provided by the Bank.

ricardobs

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Quote from: prtty2gal2 on June 01, 2019, 05:30:36 AM

Quote from: Moiyah on May 28, 2019, 08:59:56 PM

Quote from: Oceat on May 28, 2019, 07:35:42 PM

Be your own bank and never trust those centralized banks because someday they might use it against you. A simple hardware wallet is your best bank that you can access anytime you like without the hassle of going straight to the bank. A paper will keep your private key safe to access the wallet that you needed in times of emergency.

That is why i've lost interest saving and keeping my money in the banks. From the time I've met cryptocurrency, I pulled out my money and transfer it into my wallet instead. There are some adjustments but i am used to it now. Anyway, I am happy with my decisions now. I can think of it as a secured way to keep my money.

Aww, I am not sure that will be a wise idea for now. You should not keep your eggs in one basket, I know we all believe in cryptocurrency and I know it has come to stay, but we still live in a very volatile market and better we watch how we operate during this time.

I think it’s is quite risky to put your savings in a wallet, cryptocurrency is yet to be good for store of value like gold and anything could happen to your coin negatively at any point. For now, crypto is to be used for transaction and also for investment on money you can afford to loose. The devil you know is better than the angel you don’t know man.

Exactly and this is what pays off in the end by which I means that if you diversify and stay curious about your investment in crypto, you would be on a secure position. In addition, a centralized bank has very less to offer and might not be as profitable for you as a decentralized one with the cost of transactions very minimized and reduced.

Shenzou

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Quote from: hoaryal1 on May 27, 2019, 12:47:21 PM

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!

Good luck

I personally against the whole crypto banks system, for multiple reason, the first of which is that the whole concept of using crypto is to shift away from the current financial system imposed by the government which implies that banks hold the power on how the money moves and how and when the transactions are made and who has made them, and sung these banks would defy that whole idea, and by using these banks we just go towards the centralization of the crypto which is not good.

leowonderful

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Bitcoin FTW!

Hardware wallets are very simple to use and don't cost very much for the amount of protection that they provide; I have both a Ledger and Trezor and they work just fine for storing the coins I have. Much easier to use than a paper wallet, and I don't have to set up an airgapped computer to use as a wallet.

Note that you should ideally always buy hardware wallets direct from the retailer to ensure the chances of the wallet being tampered with are low, don't load the wallet with a prewritten seed if one is included, and reset the wallet once you get it. There are cases of people getting their coins stolen because of tampered hardware wallets every now and then, and this helps ensure you don't become one of those people.

jrrsparkles

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Eloncoin.org - Mars, here we come!

Quote from: hoaryal1 on May 27, 2019, 12:47:21 PM

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!

Good luck

Third parties are not good too you trust so if you want to save your cryptocurrencies just save in your wallet adjust buy a hardware wallet and save on it.Only used to to convert your cryptocurrencies when you are need Fiat currency for that you may use those banks which is called as crypto friendly banks.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Quote from: Caladonian on June 01, 2019, 08:15:47 AM

Quote from: OrangeII on May 29, 2019, 06:46:15 AM

I think, bank for crypto is not really needed at this time. well, if it's needed, of course people must have moved their assets in an existing crypto bank. I feel that the exchanger has the same function. so, nowadays, people prefer to save their assets in their wallets, or famous exchanger.

They've been working since it's exist and still surviving without any helps from the centralized banks, investors and traders are able to work with their own wallets or use exchanges wallets that they trust, the recent pumped needs to be anticipate where securities needed to be checked more deeper.

Needs to be more curious with how the market will works and how will you anticipate to counter possible threats.

Exchanges are never meant to be storage for your coins. They are not wallets and safe places. They are vulnerable are exposed to hackers, not protected enough and that is why users often lose their coins without possibility to get refunded.
For that reason I can understand the need of some kind of crypto bank that would function similar like traditional bank in sense of funds and user protection. Until better solution is found everyone is responsible for security on its own.

Caladonian

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Quote from: OrangeII on May 29, 2019, 06:46:15 AM

I think, bank for crypto is not really needed at this time. well, if it's needed, of course people must have moved their assets in an existing crypto bank. I feel that the exchanger has the same function. so, nowadays, people prefer to save their assets in their wallets, or famous exchanger.

They've been working since it's exist and still surviving without any helps from the centralized banks, investors and traders are able to work with their own wallets or use exchanges wallets that they trust, the recent pumped needs to be anticipate where securities needed to be checked more deeper.

Needs to be more curious with how the market will works and how will you anticipate to counter possible threats.

traderethereum

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Quote from: Gaff on May 28, 2019, 09:47:17 PM

Quote from: traderethereum on May 28, 2019, 07:15:52 PM

If that is related to my own coins, I will keep it by myself, and I don't trust others to keep my coins even if it's the banks which can guarantee the safety.
I don't like them to try to use my coins for their own benefits without thinking of their users.
It's happened with the banks now, and they only care about how to offers the business without thinking about what they need to do next for the after sales for their users.

We should always be liable for the safety of our coins, don't ever entrust it with other establishments like banks or a stranger whom you don't even seen personally. This became an old practice relying on banks of physical money to be stored for safety. I heard a lot of concerns that some of scammers way of dealing with any funds is through personal tradings, which merely prone to steal funds from you. The current rising price was because of ongoing market demands as well as the activities kept on trending so high, that's why it's always mandatory to keep our holding more intact and cannot be breached by those fraudsters.

That is right, and the good news here is if we have so many coins, we can save it on the compatible wallet and support for each coin so we can manage those coins without any problem.
The scammers will always search a way to steal the coins from the users, and if the user still saving their coins at the market, then the user needs to protect by enabling protection that is suggested by the exchanges.
As long as we care with our coins and we give protection, I am sure that we can keep the coins in the wallet and even if we save it in the exchanges, we don't' have to worry with anything.

maxreish

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Quote from: tippytoes on May 28, 2019, 06:03:37 PM

Quote from: BigBrother on May 28, 2019, 05:40:09 PM

I wouldn't trust the Bank with my money anyway. Himself secure storage of crypto is to store it in your wallet. I'd feel better about it.

Better store your coin in your wallet and encash only when you needed it. You don't need middleman to store your crypto coins. You can do it by yourself though.

I also don't feel keeping and entrusting my btc to the banks. Like what people here said, we do have our own wallets where we can monitor and can access our coins anytime and anywhere. It is good that OP provided the lists of pro crypto Banks. We have different point of views. Some may also want to keep their btc in the banks where they think it is better and safe to save it there.

prtty2gal2

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Quote from: Moiyah on May 28, 2019, 08:59:56 PM

Quote from: Oceat on May 28, 2019, 07:35:42 PM

Be your own bank and never trust those centralized banks because someday they might use it against you. A simple hardware wallet is your best bank that you can access anytime you like without the hassle of going straight to the bank. A paper will keep your private key safe to access the wallet that you needed in times of emergency.

That is why i've lost interest saving and keeping my money in the banks. From the time I've met cryptocurrency, I pulled out my money and transfer it into my wallet instead. There are some adjustments but i am used to it now. Anyway, I am happy with my decisions now. I can think of it as a secured way to keep my money.

Aww, I am not sure that will be a wise idea for now. You should not keep your eggs in one basket, I know we all believe in cryptocurrency and I know it has come to stay, but we still live in a very volatile market and better we watch how we operate during this time.

I think it’s is quite risky to put your savings in a wallet, cryptocurrency is yet to be good for store of value like gold and anything could happen to your coin negatively at any point. For now, crypto is to be used for transaction and also for investment on money you can afford to loose. The devil you know is better than the angel you don’t know man.

GregH37

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Quote from: Lakai01 on May 27, 2019, 11:39:41 PM

Quote from: cryptjh on May 27, 2019, 07:45:19 PM

The best way to keep your coins secure is to be your own bank. I see no reason at all to deposit my bitcoins into any so-called banks.
Those banks can close down and then your crypto is lost or they can refuse to let you withdraw your fonds.
Get a good hardware wallet or use a paper wallet, just be sure you control the keys if it's not your keys it's not your coins.

I second this. Dont repeat the same mistake which was made with fiat and deposit all your savings at a bank. Cryptos can be stored very safely at home via hardware wallets. There is definitly no need to hand them over to a third party like a bank.

Traditional banks joining cryptocurrency at this period without regulation really looks kind of sketchy to me, because we know that traditional banks are not that passionate about their clients to help them handle what will not benefit them, they must have definitely had a strategy that will still be able to let them have control of people’s fund even through cryptocurrency.

Well, I think I trust my hard wallet more even though I have to pay for its services every year, it is better to have full control of my coins than to leave it to the hands of a bank to do for me, and I am sure many people this same mentality too.

OrangeII

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#SWGT PRE-SALE IS LIVE

I think, bank for crypto is not really needed at this time. well, if it's needed, of course people must have moved their assets in an existing crypto bank. I feel that the exchanger has the same function. so, nowadays, people prefer to save their assets in their wallets, or famous exchanger.

RealMalatesta

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Quote from: carter34 on May 27, 2019, 01:01:52 PM

It is good to see that some banks have started crypto exchange and payment. This will bring more comfort to crypto holders. It is a nice step but I didn't see some of the well known banks there.

There is no way you can see traditional banks on that list until government fully regulates crypto currency, most banks are being governed by law and their transactions visible to government, but with crypto, we know that transactions becomes invisible to them, which will make them not to support it because of the tax it will block them from.

So this banks you see are basically crypto banks if I am right. I hope that one day we will get government backing, regulation and legalization for the banks that are well known to us to recognize cryptocurrency so that a lot of people can be free to make transactions with it.

Oilacris

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Cryptocurrency doesn't really need banks for them to exist but it seems that even how much Banks do hate about crypto they do know that they cant

really get rid of it that's why some of them do embrace or do consider on adopting but we cant really say that banks and crypto would have that compatibility.
We would really able to see the difference.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

I think you do not really need to mix in banks with crypto, you need to find a decent exchange because as long as the exchange has a friendly connection with the bank you will be fine as well. This allows you to shift the workload to exchange and you do not care about the bank, you can deposit or withdraw from any exchange as long as that exchange has an understanding between them and a bank.

Coinbase works wonders even though it is not the biggest exchange because they have a great friendly connection with banks whereas binance still is not doing fiat trading because they are having trouble with banks, its not about which exchange is better because binance is clearly better than coinbase but its about exchanges having banks in their pocket.

guoyu78

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Quote from: hoaryal1 on May 27, 2019, 12:47:21 PM

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!

Good luck

Thanks for sharing this, I knew that a time will come when financial institutions will start picking up the crypto idea too. Prior to now, I have never really seen the relevance of banks to crypto because according to satoshi, it is a payment system designed for peer to peer transactions and as far as your transaction gets to the second party without the involvement of the thirds party, then I see no reason why cryptocurrency banks should be an intermediary again or be that relevant, but then I learnt that traditional banking way of operating is different from crypto banking, so let’s see the technology these ones have as we explore them.

neonshium

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Quote from: ?? on ??

Basically, I neither trust on each crypto wallet nor banking framework when the terms of my crypto savings. Since the very beginning banking system is against with cryptocurrency, I would normally say don't keep it on banks even Crypto Friendly Banks. I don't prefer to see banks are associated with control of my crypto.

We should consider the recent rise occurred in the price of Bitcoin and few other coins including Ethereum and BitcoinCash. In current situations if you are a trader want to sell your coins in order to get profit then you should keep your coins on exchange. If you are not in selling mode then keep it secure in your wallet or if you are a HODLER and want to get utmost profit then you should keep it in cold wallets.

leavolnhals

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Quote from: hoaryal1 on May 27, 2019, 12:47:21 PM

First of all Congratulations to all the holders!

As you know crypto is not the most stable investment out there, there are a lot of cases of banks refusing to pay or accept crypto payments.

Don't get me wrong since the popularity of cryptocurrencies’ it has become more widespread, there has been a massive shift in the mentality of banks towards cryptocurrencies, however its important to know who you can trust.

So here is a list of all the Crypto "friendly" banks out there, that will keep your life easy!

Good luck

wow, it seems that banks are from European countries. This really surprised me. According to the statistics I read six months ago, Russia and China had the most participants in the crypto market, followed by other Asian and Middle Eastern countries. But banks in Europe start paying with BTC sooner than we do.
Why can't we go ahead of Europeans?

Topic: Consider the recent rise it is now more important then ever keep the coin secure (Read 535 times)