Topic: List of Bitcoin Hostile (and friendly) Banks - page 2. (Read 171468 times)

Nordea Bank (operates mainly in Northern Europe) has openly criticized Bitcoin and cryptocurrencies in general since 2014. It has now gone a step further to ban all of its employees from owning cryptocurrencies: Nordea Bank Forbids Employees From Owning Cryptocurrencies

All levels have been put on notice: tellers, secretaries, IT personnel, and even cleaners and support staff - it is a surprise that all employees are banned – it is one thing to ban those engaged directly in the bank’s transactions, but it is another thing to ban cleaners too.

Nordea is not the first bank to ban crypto for its employees. JP Morgan has also taken a tough stance on Bitcoin, and CEO Jamie Damon threatened to fire anyone even suspected of owning crypto.

Balls, I just tried to buy some crypto with my bank card and the bank rejected the transaction. I was irritated initially but was going to let it go. After reading this thread, i feel i need to close my accounts with them as a matter of self respect. I hate how much power we've given them with OUR money.

Exactly one charge back or reversal account closed.....

Banks do only what clients do allowthem to do.
Easy.
One rejected payment = close your account.
I did.


How would you call a bank without clients?
Still a bank?
Perhaps Empty Bank.


Come one people, have some balls, don't let them F*** you. It's THEM who need US, and not US who needs THEM. FIAT will stay alive, and will work WITHOUT BANKS. So would any and each coin.

Bank is a middleman of lazy. Use cash. Do not be lazy. Cash smells better than virtual numbers. But I must admit, coins smells even better, when on a bull ride.

Hi,

Any updated banks for UK,  Was using Tide Digital Business Account but was shut down in 7 weeks.

Any update on the list as was trading Bitcoin on LocalBitcoin and now looking to find another Bank Account

My bank is technically hostile toward Bitcoin in terms of using it for business. However, they do not look much into it and are also invested in the blockchain, so probably better than most banks.

I've been looking into crypto-friendly UK banks myself as I don't want my current account suddenly frozen. Up to now, I've used https://bittylicious.com/ to buy crypto, which involves sending a direct payment to an individual from your account (Lloyds for me, notoriously crypto-UNfriendly!); so this doesn't probably flag use of bitcoin etc. Though I'm rather a small player.

For me, it's converting crypto to fiat which is of most concern. Previously I've used Sweden-based https://safello.com/ who have wired fiat to my regular bank account.

(I'll concede that neither Bittylicious or Safello have especially competitive rates but they have worked for me.)

After doing a little research I've come up with https://www.fidor.com/ where you then exchange euros for pounds at your bank, or http://www.nationwide.co.uk/products/savings/limited-access-online-saver/features-and-benefits if you don't hold a current account with them.

A subreddit on the subject that might be of interest:

https://www.reddit.com/r/BitcoinUK/comments/626tqv/crypto_and_uk_banks/

Also keen to hear feedback from anyone else in the UK who can suggest crypto-friendly banks / building societies. Also, I notice someone earlier suggested credit unions as another possibility. Anyone tried yet?

One other option I'm considering is transferring BTC/ETH to a TenX debit card*, which of course can then be used via Visa to purchase items (or pay bills etc) using fiat; though there is likely to be a whole can of worms opened up there regarding tax! Still, I've ordered a card anyway through their app:

https://play.google.com/store/apps/details?id=com.onebit.app

*TenX:

https://www.tenx.tech/

https://www.reddit.com/r/TenX/

Anyone have information regarding which UK bank is the best for crypto related activites? Worried that if I actually do make any money and try to withdraw it, bank will freeze/suspend account and lock up my money...Anyone have experience with this? Please chime in, appreciate it.

Well the acceptance of the bitcoin is now increasing in a lot of countries bitcoin is acceptable and it is increasing the price more and more…I wanted to inform anyone looking well forgo is hostile. I  conformed with a source working for the well forgo the use to see the both owned and the business accounts related to the bitcoin be the risk but some of friends are using the open banks in their country.

Op can you update a little.

For Hungary citizens announcement. OTP bank is know that accepted bitcoin payment not they dont, but there is a catch.
Open credit card account in this bank you can receive 2000 dollars a day max without any checking from bank and transactions are instant, with no trace that is from bitcoin exchange.

HSBC has a global policy against customer's crypto-trading. Following their $1.8 billion SEC-fine for laundering money for Mexican drug cartel, they are likely to remain on the sidelines for years to come.

which banks in the US are bitcoin friendly?

Just because one of their worker drones wrote an article about a hot topic on their pathetic private banking website doesn't mean they can't be blocking BTC related transfers as a policy.
I do not (yet) have any evidence to confirm Bitstamp's claims but a hostile OTP would be a blow Hungarians as they are the biggest bank in the country. They also happen to handle EUR/SEPA for a host of smaller institutions.

You can add to your list Payza. They also support bitcoin. They do the conversion of course through the exchanger but so do all. I'm not interested in the recognition of bitcoin by the government or banks. We always have the opportunity to use our coins.

Unfortunately,we were still in that unknown country, we doesn't have bank still that accepting btc,but there are banks that are easy to do cashout some can be for hour waiting confirmation to do cashout but there is one bank or security bank were too few at the moment that can do it instant not long waiting confirmation ,no need for card too.

wow~~

thanks a lot, this is great useful to me!

Bitcoin users will never trust the banking system. Even if the authorities of some countries recognize bitcoin and allowed banks operations with cryptocurrency. The very concept of bitcoin is contrary to the usage in the banking system.

Wow war banks vs bitcoin. I think this is an interesting thread. banks will not loose their market because new financial system. The blockchain system has caused banks think because the users of bitcoin are growing. As we know most bitcoin or cryptocurrency holders not depend on banking, that's the fact that banks not like bitcoin users.

If it is about government and bitcoin debate then Bitcoin will definitely win.Bitcoin is crypto currency which is famous all around the world. If government even ban the bitcoin in a country but country cannot stop people to invest. There are many ways to cash out bitcoin. So bitcoin is best and never defeated. So i will prefer that there is now law created for to stop bitcoin.

If you are trading, and even if your percentage is as high as ours, there is a chance of loss.  If the bank stops your funds, then your chance of winning a lawsuit is 100% and that is a step up from the trading floor.