Saving bitcoins - page 13. | Bitcointalksearch.org

MingLee

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Quote from: wallstone on May 31, 2017, 11:36:27 PM

Quote from: Xester on February 10, 2017, 02:27:32 AM

Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Its sad to say but there are no bitcoin banks existing online. If you want to earn then just hold your bitcoins in your wallet and wait for an inflation. That way you will get more profit out of your investment. The only way to save in banks is to convert your bitcoin into fiat currency and then deposit it on banks. But holding bitcoin is much profitable than savings on bank.

Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.

Saving and playing the market is good for anyone that things they can do such a thing, otherwise investing it so it can grow on top of the principal is a good thing for those who have the means to do so. I don't know if Bitcoin is going to be able to make everything easy in the future for families but I guess if you live in the right areas it would.

dihari

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Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

There is no bitcoin bank and there is no bank will accept bitcoin (yet). But it is an interesting thing when I go to the bank and deposit or withdraw my bitcoin to fiat money. The weakness of this if it really happen is cryptocurrencies is not anonymous anymore.

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Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

In my known experience no one banks are accepting the Bitcoin but still a news was viarl few months ago about the idea of the Bitcoin bank .
So here I will suggest you for the direct deposit in your wallet in the block chain and then don't touch it until you want sell .
Here my suggestion will be for you that export your private key from the wallet and made back of phrase and save these secret data in the safe place ( I will recommend you for the save in the offline with paper print out , instead of the Google drive or another ) .

wallstone

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Quote from: Xester on February 10, 2017, 02:27:32 AM

Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Its sad to say but there are no bitcoin banks existing online. If you want to earn then just hold your bitcoins in your wallet and wait for an inflation. That way you will get more profit out of your investment. The only way to save in banks is to convert your bitcoin into fiat currency and then deposit it on banks. But holding bitcoin is much profitable than savings on bank.

Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.

BeGoods

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Quote from: BAGOBO on May 31, 2017, 12:15:21 PM

Quote from: notyours on May 31, 2017, 08:13:54 AM

I think i never heard that bank accepting bitcoin. Maybe in next next years, some bank are able to accept deposit of bitcoin. Therefore their is bitcoin wallet that save or deposit it in the wallet so you can save and stock it for years.

If bitcoin can be safe on bank , I think it will broke decentralized paradigm as bitcoin already achieve.
If bank able to save bitcoin, it means that you're give your goverment controlling your bitcoin Undecided

Of course it would destroy the anonymity and decentralization of bitcoin. They will know all your identity and they will control your bitcoin? Bitcoin banks will not be suitable for the bitcoin system itself

coinfast

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Quote from: notyours on May 31, 2017, 08:13:54 AM

I think i never heard that bank accepting bitcoin. Maybe in next next years, some bank are able to accept deposit of bitcoin. Therefore their is bitcoin wallet that save or deposit it in the wallet so you can save and stock it for years.

I haven't seen or heard about any Banks that accept Bitcoin in their Bank system, Although there are Banks that accept Bitcoins it would require a long process and convoluted would be more practical if you just hold your Bitcoins in your wallet and not save in Bank.

planfox

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Quote from: BAGOBO on May 31, 2017, 12:15:21 PM

Quote from: notyours on May 31, 2017, 08:13:54 AM

I think i never heard that bank accepting bitcoin. Maybe in next next years, some bank are able to accept deposit of bitcoin. Therefore their is bitcoin wallet that save or deposit it in the wallet so you can save and stock it for years.

If bitcoin can be safe on bank , I think it will broke decentralized paradigm as bitcoin already achieve.
If bank able to save bitcoin, it means that you're give your goverment controlling your bitcoin Undecided

If we agree that the government controls bitcoin, then we will kill this system. That's why I think that you do not need to create what has already been created. Bitcoin and without a bank an excellent system does not need to complicate it

BAGOBO

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Quote from: notyours on May 31, 2017, 08:13:54 AM

I think i never heard that bank accepting bitcoin. Maybe in next next years, some bank are able to accept deposit of bitcoin. Therefore their is bitcoin wallet that save or deposit it in the wallet so you can save and stock it for years.

If bitcoin can be safe on bank , I think it will broke decentralized paradigm as bitcoin already achieve.
If bank able to save bitcoin, it means that you're give your goverment controlling your bitcoin Undecided

whizter

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Quote from: TheGodFather on May 30, 2017, 01:10:38 PM

Quote from: Caelanpelley on May 30, 2017, 12:09:42 PM

The safety of bitcoin is very low because it does not depend on the management of any intermediary.I think very few banks accept bitcoin because its organizational network is vulnerable to attack. Very difficult for management.

yes i agree there will be a probability that our bitcoin will be lost in our online wallet or in banks, but if we are using bitcoin we must do all the preventive measurement in order for us to earn bitcoin without any hesitations to lose it. we may put it in offline wallet as well but be careful,our pc might be having a virus it can destroy our drives so better to keep your anti virus always alive. but for me save it in online wallet , and enable the 2fa security or save it in banks.

yes that s really possible, but we have a solution for that, and it is to use desktop wallet and still a person is not interested in desktop wallet, then he can also use multiple wallets for keeping bitcoin. to me i usually distribute my bitcoin in different wallet and through this way at least i can reduce the risk of losing money in bitcoin in one time.

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Quote from: selline on May 31, 2017, 07:22:12 AM

the best way is to store the bitcoin as favorable savings when prices are increased higher bitcoin will give you an advantage in the future so keep your bitcoin enough in your purse safely which later can be turned into cash when prices rise or high

You're right.It's better to save bitcoin in your own wallet than depositing it in a bank.Rest assured your bitcoin is safe.Holding it for a long term will give you more advantage in the end,when bitcoin increases its price until it reaches its maximum.

raymond541

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there no bank for deposit bitcoin and get minimum interest.you need to save you bitcoin in your wallet not in bank.bitcoin price always up and down compare with fiat.like if you have 1 BTC on your wallet and price increased $1000 to $2000 you sell your BTC to fiat currency and get $1000 profit.

notyours

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I think i never heard that bank accepting bitcoin. Maybe in next next years, some bank are able to accept deposit of bitcoin. Therefore their is bitcoin wallet that save or deposit it in the wallet so you can save and stock it for years.

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Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Sorry before, the bank never received bitcoin, even if the bank received bitcoin as a deposit, then its interest is very high, and it is not comparable with fluctuating fluctuant bitcoin price movement, of course the bank does not want to risk it.

Babyrica0226

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Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Savings bitcoin was a good and surely 100% you will get a profit in a long run if you will hold it in a long term.
But save some bitcoin in your bitcoin storage wallet not in any bitcoin bank.

iyan33

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Quote from: btvGainer on May 31, 2017, 07:36:37 AM

Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

You do not need any bank to grow your btc.Bitcoin is giving highest return per annum compared to any bank interes rates.Just keep holding your coins and soon it will be 10x of current price.

It seems that this is very interesting if holding a coin can gain a profit that exceeds bank interes, is it through investment or trade?

btvGainer

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Quote from: vaxo_nba on February 10, 2017, 01:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

You do not need any bank to grow your btc.Bitcoin is giving highest return per annum compared to any bank interes rates.Just keep holding your coins and soon it will be 10x of current price.

lionheart78

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Quote from: eann014 on May 28, 2017, 09:32:04 PM

Quote from: CraigWrightBTC on May 24, 2017, 04:00:36 AM

Saving bitcoins on the Banks is not good because we will be losing control in out bitcoins,
i will not put my bitcoins on the Banks although there are service to saving bitcoins on there.
Saving bitcoins on the wallets is enough than put the money on the Banks, bitcoins is our bank.

I agree I will not also put my bitcoins in a bank because I don't think they will totally give the amount that we need to receive. I am already satisfy with my bitcoin wallet and I don't think that I will trust my bitcoins to bank with no assurance.

Why would you put your bitcoins in a bank? This is the main reason why bitcoin is created, to stay away from centralized banking. Wallets act as stash with security more than the banks security. Aside from that if you put your bitcoins to a bank, there is no guarantee they will not freeze or confiscate your bitcoin deposits once they new about it.

SamsungBitcoin

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Quote from: passwordnow on May 31, 2017, 07:18:56 AM

Quote from: Soranith on May 31, 2017, 07:05:33 AM

I don't think there is a bank where you can save your bitcoin and I also don't think that will happen because it will eliminate the purpose of bitcoin being decentralized.

I recently read the first bitcoin bank that is accepting bitcoin. Just search it here on forum. But here in my country there's no such bank that is accepting bitcoin. I'm hoping that there will be a day that they will start using bitcoin and implement it by the central bank here.

Me also i do not think that can we save our bitcoin and i think bank will not like the fluctuation of the value of bitcoin they can loose big money if they hold big amount of bitcoin of more users. But we are hoping that in the future there was a project to build a bank of bitcoin to all country.

selline

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the best way is to store the bitcoin as favorable savings when prices are increased higher bitcoin will give you an advantage in the future so keep your bitcoin enough in your purse safely which later can be turned into cash when prices rise or high

passwordnow

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Quote from: Soranith on May 31, 2017, 07:05:33 AM

I don't think there is a bank where you can save your bitcoin and I also don't think that will happen because it will eliminate the purpose of bitcoin being decentralized.

I recently read the first bitcoin bank that is accepting bitcoin. Just search it here on forum. But here in my country there's no such bank that is accepting bitcoin. I'm hoping that there will be a day that they will start using bitcoin and implement it by the central bank here.

Topic: Saving bitcoins - page 13. (Read 32736 times)