Topic: [POLL] Would you open a Bitcoin account at your local bank? - page 2. (Read 5286 times)
If a local bank for a bitcoin account, why not? I would love to that at least it is more easier to get my money but the disadvantage is the bank will withheld tax in my account or worst the transaction cost is possibly higher than others, if that happen I would open account but not all. I'll just save some.
I will stay away from storing my bitcoin in a bank.
No. They already have my fiat, I do not want them to have my bitcoins too. If something happens, I do not want my fiat and bitcoins locked by banks. And besides, it is most likely that banks will not support bitcoin. Maybe they can adopt the technology or blockchain, but not bitcoin itself.
can bank really someday adds bitcoin on their list of currencies that we can deposit?
i bet the bank secrecy can be bend and that the government can ask the information of btc clients they have so see who these people are. and that they can collect taxes.
i bet the bank secrecy can be bend and that the government can ask the information of btc clients they have so see who these people are. and that they can collect taxes.
That doesn't make any sense to me. Thats not the nature of bitcoin. Putting it on a centralised system could possibly kill bitcoin. And im sure many wouldn't agree with this, even if banks will accept bitcoin. Anonimity, thats the reason why people loved bitcoin. Its a freedom for us. Banks cant give you that.
I was just going to comment that the only reason I'd open an account at any bank, local or otherwise, would be to have some form of insurance on my deposit. But as it's in the poll answer, that's covered.
While my first option is to still securely store it in my own personal wallet, I suppose there are some benefits to having my coins insured against loss.
While my first option is to still securely store it in my own personal wallet, I suppose there are some benefits to having my coins insured against loss.
Thats a big NO to me. Bitcoin is not design for that. It will just destroy bitcoin features. Besides, we have already a wallet. I think its safe enough to store our bitcoin there. Banks are centralise, and the opposite of it is bitcoin that is decentralised. Bitcoin is anonimous. It will be more complicated if you put it into centralised system because bitcoin can be use for laundering and banks are against money laundering.
Yeah it's pretty stupid. As soon as you connect your bitcoins to a bank the anonymous features are over, which goes against the main point of bitcoin which is to avoid surveillance by 3rd parties.
I guess there always be a market for casuals that need a bank so im ok with it.
Thats a big NO to me. Bitcoin is not design for that. It will just destroy bitcoin features. Besides, we have already a wallet. I think its safe enough to store our bitcoin there. Banks are centralise, and the opposite of it is bitcoin that is decentralised. Bitcoin is anonimous. It will be more complicated if you put it into centralised system because bitcoin can be use for laundering and banks are against money laundering.
No, not interested at all, I choose to used bitcoin because i want to hide my wealth from everyone,I want to used my bitcoin for gambling, if a country forbid gambling and I used bitcoin that store in local bank and send it to gambling site then i will arrested, so I just want to be out from spotlight when I used bitcoin
absolutely not. the advantage I get of bitcoin wallet is free of tax. If I had to do that, I think nothing special from bitcoin wallet if managed by the bank.
so altogether I'm not interested in making it
so altogether I'm not interested in making it
This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?
Meh, i prefer stay on online bitcoin wallet blockchain. If my local bank accept bitcoin it will be a good news for bitcoin but it become not anonymous anymore. I think i will open a bitcoin account at my local bank if they give interest like i stored my fiat at the bank.
The obvious answer will be a big NO as the major advantage with Bitcoin is Anonymity. But I wanna try with the Maybe option as no one knows how that will work out. If Bitcoin got legal then there will be a bank and people have to open an account in order to use it. And I use Bitcoin for only legal things, I won't mind doing this.
I think I would. I have rubble account and dollar account in my bank, and because of I making money only with bitcoin this days I think I would open such account. But the function of just keeping money doesn't satisfy me, cause of I keep my coins on my USB wallet and I count it's pretty save. I am more interested to use that bitcoin account for all the operations with bitcoin, but again only with avoiding unnecessary fees.
I think there's no need for me to open a bitcoin account in any banks if ever they are accepting bitcoin deposits because I can have my own account without the help of the banks. I'm contented on the bitcoin wallet provider because opening an account in the bank will require too many requirements and aside from that, there will be maintaining balance.
If I can manage my Bitcoin without any worry, why in the hell I would need Bitcoin Bank. Bank provides safety, so I am sure my Bitcoin is already safe. Banks provide interest, so I think would be impossible for them with Bitcoin. So a big no to Bitcoin Bank!
And if you talk of balance in ecosystem, I hardly think Bitcoin is meant for stability. Its a free bird!
And if you talk of balance in ecosystem, I hardly think Bitcoin is meant for stability. Its a free bird!
First of all in our banks bitcoin has not been started. But if in the future it has been started then I will look at the features and benefits they offer to me for keeping my bitcoins. For me it will be like an online bitcoin wallet so I will keep that much bitcoins which I am keeping in online wallets.
Yah, If its just a copy paste of our banking system and the only different thing is that they accept bitcoin then its not worth a shot .
Why would you keep your bitcoin in your local bank when you can just buy a hardware wallet or a cheap notebook to store your bitcoins? That way you can fully control your bitcoins, You don't have to pay a bunch of fees and submits a bunch of documents .
If it happens that someone makes a bank that accepts bitcoin even though its doesn't make sense . It must have some kind of innovation or people won't even try it .
If a chartered bank releases or hosts a bitcoin wallet then I will open an account. That way I will feel secured from hackers, since if anything happens to my bitcoins under their care they must refund all my coins. There is no problem with banks having bitcoin its like opening an account on web wallet sites. The biggest advantage if a bank handles bitcoin is that you can automatically convert bitcoin into local currency and withdraw on any atm machine nationwide. But if they will launch another coin aside from bitcoin then that is a different story.
i am a kid who do not even have a bank account till now, i expect soon i am gonna have that but if they started serving bitcoin debit cards well yes ofcourse i am gonna accept not becuase that they are using the bitcoin technnology but becuase using bitcoin techonology is better than using banks old technology. banks stores their money physically so the only way to get that money is the robbery but as we know that they gove loans so thats makes it even worse. but bitcoin dose not allows such nonsense to rob bitcoin one thief has to be the freaks mastermind genious of hacking world and cryptography
First of all in our banks bitcoin has not been started. But if in the future it has been started then I will look at the features and benefits they offer to me for keeping my bitcoins. For me it will be like an online bitcoin wallet so I will keep that much bitcoins which I am keeping in online wallets.
Why not, if the fees are fair?
Because you then rely on a third party to control your coins. It's an unnecessary extra step where you expose yourself to various risks. But if you're fine with that, then it's your choice of course.
Would not be worse than use an exchange
Exchanges still are riskier than banks
Exchanges still are riskier than banks
Exchanges have indeed messed up big time, so in that regard, I think you have a decent point there. It's impossible to trust the current incompetent exchanges as they continue to mess things up. I even consider banks to be more trustworthy than all these shitty hobby run exchanges. That's the exact reason high level institutional traders won't jump into Bitcoin. They don't feel safe wiring multi millions to these exchanges, and I can't blame them for thinking like that. That's why we need a professional platform that allows these traders to bring their millions to Bitcoin.
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