Does any bank accept Bitcoin? - page 47.

zhopas

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Quote from: the_poet on December 13, 2015, 04:21:07 PM

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

as far as i know there is still no bank that accepting bitcoin. I hope in future that there are existing banks that accepting bitcoin because it is advantage for bitcoiners that it will. Less hassle for us. And all bank now is controlled by the government that somehow hates bitcoin.

Mumbeeptind1963

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Quote from: dbutp on November 20, 2017, 11:21:06 AM

I think no banks accepting Bitcoin because Bitcoin does not help banks get more profits but also reduce the bank's profit. Bitcoin is a digital currency, Bitcoin transactions are made thanks to the internet, it is completely free. Banks do not like this.

Right now not yet because all bank is control by the law of government, if bitcoin allow to store in the bank maybe it make a big problem to user of bitcoin, because when you store your coin in bank there is possibilites that they can put you tax and you must obey there law.

katiecbell

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Quote from: darefreads on November 14, 2017, 05:42:17 AM

I think there are no bank accounts that accept bitcoin because of decentralized and always changing price in the market but it is accepted through applications that converts to money online and maybe if there are one can make a bank account it is hard to say that it has many charge for us.

Not all banks only some banks are going to accept bitcoin and these banks are in Europe only but I’m sure in coming time some more countries and their banks will also accept bitcoin and in my country bank also accept bitcoin because whenever I’m going to pay bills so I pay all my bills in banks so I hope for other banks as well to accept bitcoin.

dimonstration

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Dimon69

Quote from: Faxmate on November 20, 2017, 02:33:29 PM

Quote from: AgentZero23 on November 11, 2017, 11:27:54 PM

Here in my country banks are not accepting bitcoins. Because it a direct competitor and threatening to the bank. They are to different systems that will not blend in. Just like apple to orange.

Not yet because bitcoin is still not acceptable to any bank but money exchanger accept bitcoin anywhere and in my country bitcoin is going is acceptable to any government sector when I’m going to pay bills so pay my bills in bank and they accept bitcoin so I hope in other countries bitcoin will be accepted also.

lately on my country some banks are now accepting bitcoin because they see the potential of it i dont think that it was a fraud but for where i lived for bitcoin are not so illegal i mean we have the freedom to use it in any kind but in gambling this were my country are against on it , so for me some country are accepting bitcoin on bank.

Faxmate

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Quote from: AgentZero23 on November 11, 2017, 11:27:54 PM

Here in my country banks are not accepting bitcoins. Because it a direct competitor and threatening to the bank. They are to different systems that will not blend in. Just like apple to orange.

Not yet because bitcoin is still not acceptable to any bank but money exchanger accept bitcoin anywhere and in my country bitcoin is going is acceptable to any government sector when I’m going to pay bills so pay my bills in bank and they accept bitcoin so I hope in other countries bitcoin will be accepted also.

Sihab76

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Quote from: DaddyMonsi on December 13, 2015, 09:11:14 PM

None yet in my Country. The Central Bank in my Country even issued a warning about use of Bitcoin as this is not yet regulated and no studies made by the Government if they will adopt use of Bitcoin.

Many countries don't accept bitcoin but many countries accept it cordially. Many people interested their egarity in the popular and interesting currency 💱. So the government of those countries say yes for bitcoin. But bank didn't accept it.

dbutp

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I think no banks accepting Bitcoin because Bitcoin does not help banks get more profits but also reduce the bank's profit. Bitcoin is a digital currency, Bitcoin transactions are made thanks to the internet, it is completely free. Banks do not like this.

Famnant

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i don't think there are any bankes that accept bitcoin. Banks are actually allergic to Bitcoin. What do I mean by that? Well… Before you do any kind of serious trading or transactions with Bitcoin, you must first have some things in place. For instance, you must have an anti money laundering agreement in place. People think that profits from Bitcoin is tax free. The IRS doesn’t see it that way. Bitcoin profits are taxed as capital gains. So if you’re going to do any kind of significant volume using a bank as a middle man, you have to have things in order, or else, they will shut your account down and you may even see a negative balance. Bank of America is notorious for shutting down accounts!

A Feeder

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No bank will ever accept bitcoin because it is controlled by the government. The reason why bitcoin is so revolutionary because it is a decentralized type of currency.

Gotottack

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Not that I know of. But there are banks that impliedly accept Bitcoin through their respective central banks. Like for instance, the plan of some central banks to regulate transactions involving Bitcoin is an implied admission on their part that they accept the proliferation of Bitcoin in their country. Thus, banks, both public and private, whose businesses is imbued with public interest, have to respond to the orders of its regulating body, the central bank. This situation presupposes acceptance of Bitcoin in their local/national market.

Moesee

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No, not any official banks, but have seen a lot
Of crypto banks getting launched your thoughts on this.

congtuan001122asd

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I do not think there are any banks that accept bitcoin. Even in my country, the government has banned bitcoins. Because bitcoin is digital money, bitcoin deals thanks to internet are free or very low fees. That affects the interests of the bank.

rayneh

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Quote from: Fatemablabla on November 18, 2017, 02:01:34 PM

I love your last line.it was fun. I dnt think any bank will accept it before the country legalized

As Bitcoin is on the grounds that more typical that is the reason gradually and bit by bit the banks are additionally changing the approaches for Bitcoin and after that after some time the banks will likewise begin tolerating Bitcoin on the grounds that Bitcoin can likewise be an awesome wellspring of benefit for the banks.

Fatemablabla

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I'm Matured Now

I love your last line.it was fun. I dnt think any bank will accept it before the country legalized

Dirkson

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Quote from: saedasda on November 15, 2017, 09:29:41 PM

Here in the Philippines you can now buy bitcoin using banks but i dont know if you can cash out directly using bank

I think you can't do it. All banks depend on central bank (regulator department). No one wants problem with government, so before countries won't legalize bitcoin and other currencies — we couldn't withdraw BTC via bank... Nowadays we can use exchanges platforms and nothing else.

Torbeks

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Quote from: the_poet on December 13, 2015, 04:21:07 PM

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

I just wanna ask too that the other banks accept bitcoin just to wanna make sure that not all the banks accept it, and I wanna know what banks accept bitcoin. Tia

nicoly

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You don’t need a bank to store Bitcoins. With Bitcoin, YOU are your own bank. YOU have to take all the precautions to protect your funds (backup and password protection and safety). You could use a bank to store your offline wallet passphrase, though.

nithin@123

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Bawag PSK in Austria, Liberty bank in Georgia Caucasus, TD Bank and Chase in the USA.I think all these banks are bitcoin-friendly.

cool kong

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No bank currently has access to bitcoin, but I know there are many places in Switzerland where there is a virtual money fund. Can host bitcoin.

Miyaclint28

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It could be just because it's been widely known bitcoin by people, other than it's way easier to Transact a lot of banks that accept it, otherwise it advances also will encourage banks accept bitcoin as one of the means of payment, and exchange rates huge bitcoin also makes one of the factors. maybe that's one reason bitcoin will be in receipt of bank

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