Topic: Crypto bank - page 4. (Read 3829 times)
I believe Bitcoin was designed to get rid of banks or reduce their influence, I don't know why some people are now looking in the bank direction. For me I don't need any bank to control my BTC. Some countries are BTC friendly especially Afircan countries
well, i dont know about europe, but in south america still impossible to "get rid of banks totally".
most of my expenses i can pay directly with bitcoin if i want but a few things will always need FIAT(taxes for example)... and to pay these things i need my bank account...
most of my expenses i can pay directly with bitcoin if i want but a few things will always need FIAT(taxes for example)... and to pay these things i need my bank account...
In any country you would be you need to pay in fiat. Bitcoin payments are not agreed by the governments and will never be, unless Bitcoin turns into the global currency (I don't think it will happen though). Anonymous = dangerous, in the politicians' minds. It's exactly the opposite, but whatever..
well, i dont know about europe, but in south america still impossible to "get rid of banks totally".
most of my expenses i can pay directly with bitcoin if i want but a few things will always need FIAT(taxes for example)... and to pay these things i need my bank account...
most of my expenses i can pay directly with bitcoin if i want but a few things will always need FIAT(taxes for example)... and to pay these things i need my bank account...
Hi everyone,
I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time
I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance ).
I actually have two questions:
Many thanks in advance for any enlighted answer you may provide
If you're making a business based around Bitcoin, but not trying to deposit it into any banks, they probably won't care. Just go and ask about it, and if they have any issues then move on from that bank. As long as you can meet their basic requirements and pay back any loans you get they probably won't care ho you do it. Just make sure to pay your taxes.I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time
I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance ).I actually have two questions:
- Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
- Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?
Many thanks in advance for any enlighted answer you may provide
For #2, I believe that Xapo has a system that operates with a direct debit card, and uses the Visa network.
Many thanks Pawel and MadGamer, I've heard about Fidor as well and contacted them about that particular topic but they don't offer any kind of business account yet indeed. As for your link Wandering Soul thanks, I knew about it as well but the list seems quite deprecated unfortunately (although the idea was clearly great).
I've heard Belgium or Switzerland are quite BTC friendly but no idea where to look at to find a proper bank... in the end I may end up cold calling banks to ask them bluntly but if anyone around can save my the hassle it would deeply appreciated ;-)
As for the need of a third party it's mostly because I'd like to get rid of banks permanently and some 'suppliers' simply won't accept a credit card (national taxes, electricity bills, etc.) => They all ask for a direct bank debit and any BTC service that could be around to do just that without having a centralised system involved would be a blessing ;-)
I've heard Belgium or Switzerland are quite BTC friendly but no idea where to look at to find a proper bank... in the end I may end up cold calling banks to ask them bluntly but if anyone around can save my the hassle it would deeply appreciated ;-)
As for the need of a third party it's mostly because I'd like to get rid of banks permanently and some 'suppliers' simply won't accept a credit card (national taxes, electricity bills, etc.) => They all ask for a direct bank debit and any BTC service that could be around to do just that without having a centralised system involved would be a blessing ;-)
I've heard that Fidor Bank is a bitcoin friendly bank and as far as I know , they are in partnership with Kraken too. I'm not sure about the other countries in Europe but they got founded in Germany and they work in UK as well.
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This. I use Fidor UK as a secondary account and so far have very positive experience. They don't charge you any montly fees (and even pay small interest on your balance). They will not freeze your account just because you're involved in trading bitcoins and I've seen staff members on community forum saying they're considering implementing Bitcoin sometime in the future (don't know the details and I wouldn't hold my breath for it).
As for the UK branch, I don't think they offer business accounts at the moment, so you won't be able to open an account for business which is a separate legal entity (Limited company, LLP etc), but it'll work fine if you're a sole trader.
Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?
There's no such thing afaik. Although you could use bitcoin debit card to pay your suppliers (if they don't accept btc) and possibly to pay tax (if your tax office accepts card payments). But likely, you'd need a bank account.
Here is a good list for determining the friendliness of it grouped per country . I just don't know if its updated or not so do your homework and just double check it: https://bitcointalksearch.org/topic/list-of-bitcoin-hostile-and-friendly-banks-264679
If you will search some articles on the internet, There are a bunch of stuffs like banks says bitcoin is a opportunity ,Banks creating bitcoin banks, stuffs like that but you can say that those are merely rumors as there is no official statement of it .
And I am skeptical about bitcoin banks since I don't really understand why bitcoin needs it .
If you will search some articles on the internet, There are a bunch of stuffs like banks says bitcoin is a opportunity ,Banks creating bitcoin banks, stuffs like that but you can say that those are merely rumors as there is no official statement of it .
And I am skeptical about bitcoin banks since I don't really understand why bitcoin needs it .
always i ask my self can banks accept bitcoin if so that will be so easy to transfer money tho
it's already very easy to transfer bitcoin you don't need a bank for that, and you also have one already which can be called an online bank for bitcoin like coinbase, the functionality is very similar, but the issue here is your personal data and your privacy
always i ask my self can banks accept bitcoin if so that will be so easy to transfer money tho
I've heard that Fidor Bank is a bitcoin friendly bank and as far as I know , they are in partnership with Kraken too. I'm not sure about the other countries in Europe but they got founded in Germany and they work in UK as well.
I don't think I understood the 2nd question because cryptocurrencies could be functional without the need of a third party service and IMO the banking system could never work with BTC.
I don't think I understood the 2nd question because cryptocurrencies could be functional without the need of a third party service and IMO the banking system could never work with BTC.
Hi everyone,
I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance ).
I actually have two questions:
Many thanks in advance for any enlighted answer you may provide
I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time
I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance ).I actually have two questions:
- Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
- Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?
Many thanks in advance for any enlighted answer you may provide
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