I found a bitcoin bank but want to check its validity. - page 2.

gregyoung14

full member

Activity: 238

Merit: 100

Quote from: Lutzow on February 19, 2016, 08:24:31 AM

Quote from: ranochigo on February 19, 2016, 08:15:32 AM

Quote from: Kalamsid on February 19, 2016, 08:09:10 AM

Quote from: gentlemand on February 18, 2016, 10:47:04 PM

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

For the time being, the "bitcoin banks" are not regulated, so they are mostly scams. In the future, we will have proper banks.

"Bitcoin Banks" are either a ponzi scheme or scam which is pretty much the same. Banks based on Bitcoins are very hard to regulate and it is hard for them to lend out without the extremely high chances of borrowers defaulting. This would only change if those banks are allowed to have secure loans. They would still not be called a bank, they would be called lenders.

Bitcoin itself is a bank, there is no need for a service to act as a bank.

Any bitcoin doubler can run a virtual bank and give you interest . Invest at your own risk, bitcoin bank is not needed for now.

Really am tempted now to signup. Thanks for the note btw. Bitcoin banks are not needed, not now atleast.

Lutzow

hero member

Activity: 728

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Quote from: ranochigo on February 19, 2016, 08:15:32 AM

Quote from: Kalamsid on February 19, 2016, 08:09:10 AM

Quote from: gentlemand on February 18, 2016, 10:47:04 PM

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

For the time being, the "bitcoin banks" are not regulated, so they are mostly scams. In the future, we will have proper banks.

"Bitcoin Banks" are either a ponzi scheme or scam which is pretty much the same. Banks based on Bitcoins are very hard to regulate and it is hard for them to lend out without the extremely high chances of borrowers defaulting. This would only change if those banks are allowed to have secure loans. They would still not be called a bank, they would be called lenders.

Bitcoin itself is a bank, there is no need for a service to act as a bank.

Any bitcoin doubler can run a virtual bank and give you interest . Invest at your own risk, bitcoin bank is not needed for now.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Kalamsid on February 19, 2016, 08:09:10 AM

Quote from: gentlemand on February 18, 2016, 10:47:04 PM

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

For the time being, the "bitcoin banks" are not regulated, so they are mostly scams. In the future, we will have proper banks.

"Bitcoin Banks" are either a ponzi scheme or scam which is pretty much the same. Banks based on Bitcoins are very hard to regulate and it is hard for them to lend out without the extremely high chances of borrowers defaulting. This would only change if those banks are allowed to have secure loans. They would still not be called a bank, they would be called lenders.

Bitcoin itself is a bank, there is no need for a service to act as a bank.

craked5

hero member

Activity: 840

Merit: 529

Quote from: Kalamsid on February 19, 2016, 08:09:10 AM

Quote from: gentlemand on February 18, 2016, 10:47:04 PM

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

For the time being, the "bitcoin banks" are not regulated, so they are mostly scams. In the future, we will have proper banks.

BUT WHY??

Why do people want to have banks this much?? Why would you need it? Oo

Kalamsid

newbie

Activity: 66

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Quote from: gentlemand on February 18, 2016, 10:47:04 PM

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

For the time being, the "bitcoin banks" are not regulated, so they are mostly scams. In the future, we will have proper banks.

craked5

hero member

Activity: 840

Merit: 529

Quote from: -XXIII- on February 18, 2016, 03:14:13 PM

I don't know if I would trust this. Is the "+220,000.00BTC" raised with "+51,000" investors information that should be publicly available? I don't know, but a company that started mid-2015 that raised over 90millionUSD without anyone knowing is a little suspicious to me.

Didn't see that xD

That's impossible. If that was the case that would have been known here already Wink

Patatas

legendary

Activity: 1750

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Providing AI/ChatGpt Services - PM!

I think they're faking the stats mentioned on their website ,the collected and distributed amounts.If you look at their support and contacts section,they haven't registered themselves as a legal company to suffice the methods mentioned on the webpage.I'm not saying they're cheating or scamming people but they don't have a solid proof why we should trust them.For now I would ask you invest a small amount like very small and see they work,get to know how much they pay back based on your daily intrests .ask other investors on the same site of their experience.

ctlaltdefeat

sr. member

Activity: 464

Merit: 250

Quote from: mocacinno on February 18, 2016, 06:20:27 AM

https://bitcointalksearch.org/topic/chinese-bitcoin-site-jua-just-acquired-new-domain-name-bitbankcom-985419

Apperantly, it's rumored to be owned by JUA. I've heared mixed things about them.
Personally, i wouldn't use their service (to much risk of a scam/ponzi), but i guess in the end it's up to you.

I just checked the site, and see several features like interest that they offer reasonable enough, can't see any sign of scam there.
But well according to your thread that you mentioned above , i guess they are scam .
Very unfortunate their domain are really good but used for bad things .

Cyaren

sr. member

Activity: 294

Merit: 250

Most bitcoin banks are either not worth it for the hassle or ponzi schemes. I suggest you invest in P2P lending, much higher returns.

Herbert2020

legendary

Activity: 1946

Merit: 1137

even if it were not a total scam i would have suggested you to stay away from these type of services. because if they have not planned on scamming ahead, they will turn to scam sooner or later and you will be left without a satoshi and nowhere to go.

gentlemand

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Activity: 2590

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Welt Am Draht

bitcoin + bank = scam pretty much without fail. Stick interest levels like that on top then it's in the goddamn bag.

romero121

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Activity: 3206

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casinosblockchain.io

Most users has quoted the particular site to be a scam. So before getting into it be very cautious. I too personally have never come across such a site. Some one might enter into it searching for bitcoin as the words have close relation.

-XXIII-

member

Activity: 112

Merit: 10

I don't know if I would trust this. Is the "+220,000.00BTC" raised with "+51,000" investors information that should be publicly available? I don't know, but a company that started mid-2015 that raised over 90millionUSD without anyone knowing is a little suspicious to me.

HeroCat

hero member

Activity: 658

Merit: 500

It sounds like scam site, there are a lot of many BTC scam sites everywhere. It is very hard to say is it BTC site, which offer profit or scam. Wink

InceptionCoin

member

Activity: 108

Merit: 10

Quote from: Amph on February 18, 2016, 03:40:49 AM

it's not among these, but it can be one of those under different name https://bitcointalksearch.org/topic/edu-bitcoin-related-scam-websites-928263

so i would avoid it like the plague

Thank you, nice list.

Quote from: craked5 on February 18, 2016, 06:12:27 AM

It's a scam. I don't know what it is and I don't care, anything giving you out 12% of interest on btc is a scam.

Well Poloniex lending service with 70% atm and 20% average profit is not scam. I mean there are risks of insolvency, however you know the source of profits: traders, so at least its not a Ponzi scheme.
Bitfinex lending service is much safer(you even can see on which specificially BTCaddress your funds are, because they store it separately), but there much smaller rates: from 11% to 25% annually.

craked5

hero member

Activity: 840

Merit: 529

Quote from: twister on February 18, 2016, 06:28:07 AM

The question you have to ask yourself, can I trust this company to not do an exit scam when it has enough funds? The answer to that would be "No, you cannot", sending money to such sites is almost same as handing money to a stranger of which you know nothing about.

The question you have to ask to yourself is also "do i need a bank" and the answer is clearly no ^^

NeuroticFish

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Looking for campaign manager? Contact icopress!

Quote from: sase007 on February 17, 2016, 08:31:42 PM

It offers 12% interest on annual fixed amounts or 0.02% daily.

You may be able to get more than that with rather small effort on Poloniex lending area. And it feels more legit too.

twister

hero member

Activity: 672

Merit: 502

The question you have to ask yourself, can I trust this company to not do an exit scam when it has enough funds? The answer to that would be "No, you cannot", sending money to such sites is almost same as handing money to a stranger of which you know nothing about.

mocacinno

legendary

Activity: 3514

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https://merel.mobi => buy facemasks with BTC/LTC

https://bitcointalksearch.org/topic/chinese-bitcoin-site-jua-just-acquired-new-domain-name-bitbankcom-985419

Apperantly, it's rumored to be owned by JUA. I've heared mixed things about them.
Personally, i wouldn't use their service (to much risk of a scam/ponzi), but i guess in the end it's up to you.

craked5

hero member

Activity: 840

Merit: 529

It's a scam. I don't know what it is and I don't care, anything giving you out 12% of interest on btc is a scam.

Topic: I found a bitcoin bank but want to check its validity. - page 2. (Read 2174 times)