Topic: How safe are these "so called" Bitcoin Banks? - page 2. (Read 3131 times)

Nowadays, the bitcoin "banks" are not regulated. Most of them a scam operators. If the proper bank adopts bitcoin and provide service based on it. I will use it.

I think Bitcoin banks are safe. But there are also risks associated with indeed. You can for instance be hacked.
I think the safest method is that you save it on your own computer.

Let's start by considering what we mean by a "bank" in relation to the bitcoin ?

- a place where you can safely store your bitcoin and possibly earn the interest ?
- an institution from which you can borrow bitcoins ?
- an intermediary where you can buy & sell bitcoins ?

In the bitcoin universe these activities are usually taken care of the wallet providers, the exchanges, and the P2P lending platforms.

I will not use any "bitcoin bank". They are not safe, as they are not even backed by anything!
I will hold my own private keys and keep them safe.

Until Bitcoin becomes FDIC insured, nothing will ever be safe. The nature of the coin at this point.

Well thats all the users need to know that these are just Ponzis with a fancy scripts and graphics, it might be that you were able to get profits or that you bounced out prior to them running but a lot of people must have lost a lot of money when the one you mentioned above disappeared. Which is the whole point that they're not safe.

Because of the way bitcoin works i am not sure i could ever see myself trusting my bitcoin privkeys to anyone else, so i cant see how a banking system as wee know it could ever work with bitcoin.  Maybe if some third unrelated party where to back the transaction i could be convinced but i doubt even that would be enough.

If your not holding your coins on your own computer then you have pretty much forfeited any right to see those coins again.

Well, I dont cal them bitcoin banks, rather than that I call them investment sites or people. Because bank means safety while with such invests the basic risk is safety itself. I think you must think 10 times before investing as such, especially in BTC because of its annonymous nature.

Bitcoins banks are not regulated banks so they are in my opinion worst than real ones.
I don't understand why people have attraction to those scams for few percentages in return you are risking to lose everything..
If you like gamble shall go to BTC e and do trade there..

i think coinbase and xapo, can be seen as a legit bank, they even offer insurance, everything that is heavy regulated and cover your money is equal to a real "fiat bank"

Casino owners can take advantage by knowing the seed beforehand but if the owner is trusted enough, it isn't that likely to happen.

Trusting all casinos is definitely not an option. However, it is worth noting that investments in the casino has nearly guaranteed 1% profit in the very long run. I currently have some invested in them. Just remember not to invest what you can't afford to lose.

I would not trust these banks either. However you say we should trust casino's
LOL they are the greatest scammers of them all.

Make sure to safe your bitcoins offline and don't invest in either casino's or banks. It's very risk.

Bitcoin Banks are mostly a scam which is HYIP or Ponzi. With Bitcoin being anonymous, banks would have a hard time knowing which person to loan and thus having a unsustainable profit or huge loss. The closest to having normal bank interest is lending sites like loanbase and btcjam. Those aren't foolproof at all either.

The only true investments are: Investing in shares and casino.

I wouldn't trust anybody with my coins.
The only coins i'm certain about are the ones on addresses where i'm the only one having access to my private key.

I don't use Xapo, i don't use blockchain wallet, i never keep more than a couple satoshi's on an exchange for longer than the time i need to deposit, exchange and withdraw.

If i ever have enough coins, i'll buy myself a HW wallet, that's the best bank IMHO 

Not one single one of them. Anyone who thinks otherwise is dumb as a post. And I don't trust any of the legit ones either like Coinbase or Xapo. All it takes is for you to violate one of their little rules, and it seems it happens to a lot of people when they don't know why, and you're out.

About the first part quoted by you and the links given by you in another thread I can tell that the first (for that what I was able to understand without registering on that site) is really a kind of online financial intermediary. But with high risk. A bank never can exist having as a field of its acting only a segment of the market like it is this case. To not mention the fact that this activity to which they are connected is very particular. They borrow money to the traders and this kind of activity is very risky. As for the remaining two, these have nothing to do with the banks. They only make possible the contact between two parties. Who want bitcoin to give and who want bitcoin to take. The site have any kind of responsibility about the lose of the invested bitcoin. Any bank in any mock of the world act in this way. And that is the most important the money at every bank are protected from the loss until big amounts from the State. In any kind of the above three no one who save or invest is protected from the loss of its savings or invested money.

As for the share of my opportunities I am clear in my post. Who is interested pm me. Not all but two of those are reflinks and reflinks are not allowed to be put openly. I had 10 days ban for this account and close of another (of my wife) only for a reflink published in one post. Anyhow I have an update. One of the above three opportunities only yesterday was disappeared (but I had my profits from that). Things this foreseen even in my previous post. But the other two continue to be ok. And have found another one which have almost two years online and give some particular warranties which made me to invest even in this.

Even I will not trust any bitcoin banks that is safe I can say. because its a digital money and we can keep it in our own wallet and the best wallet i can see is a block chain where we can save our bitcoins.

i dont really trust a bitcoin bank..what is the benefit for us with this bitcoin banks?
i think with blockchain wallet i alrdy feel safe in transaction

I mentioned it on the first page, see this:

https://bitcointalksearch.org/topic/m.13528854


Mind sharing it publicly? I am sure if there are any legit investment opportunities people will love to benefit from those.

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A new "so called" bank, just popped up: https://bitcointalksearch.org/topic/insured-bitcoin-bank-ibb-london-ltd-1337408
https://archive.is/6mFFJ

Thank god people can see its a scam attempt right away.

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Also found this: https://bitcoincryptobank.com/