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Topic: Saving bitcoins - page 14. (Read 32748 times)

hero member
Activity: 798
Merit: 502
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.
hero member
Activity: 854
Merit: 500
May 30, 2017, 01:10:38 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.
sr. member
Activity: 602
Merit: 250
May 30, 2017, 12:09:42 PM
No bank accepts Bitcoin and it would be a very bad idea for them to do so. What is wrong here is that you become supervised by a bank, so the anonymus feature that Bitcoin offers will be over for you. This is probably what a few banks will start doing soon so that they can control Bitcoin too..
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.
newbie
Activity: 2
Merit: 0
May 30, 2017, 11:19:02 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?

Save your bitcoin in an offline wallet
- hold for years
- be a millionaire in the next 10-20 years
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
May 30, 2017, 11:17:15 AM
if someone or something started offering interest in BTC in a sensible fashion, from actual profit and not just in a ponzi scheme, I'll immediately joined in. one of the current plunders of BTC is the lack of such thing, since no bank want to offer loans and get paid in BTC and afterwards giving a fraction of the profit to the account owners..

Okay, let's see whether you are going to put your money where your mouth is

You can easily earn interest on both Bitcoin and fiat balances if you move your coins to exchanges that allow margin trading (e.g. Poloniex or Bitfinex) and lend them to traders. Unless the exchange gets hacked or outright scams, your money is pretty safe since the exchange won't let you lose your coins. If a margin trader runs out of money, his short positions will be forcefully closed by the exchange itself. I guess this pretty much cuts it as "someone or something offering interest a sensible fashion"
sr. member
Activity: 504
Merit: 250
May 29, 2017, 10:54:31 PM
Saving bitcoin is the best thing yo can do with your money it allows your money to grow overtime but i think as of today theres no bank who accept bitcoin as your savings maybe soon in the future. you can store your bitcoin wherever you want.

Why we need banks to save our bitcoins if we have bank in the form of bitcoin wallet and saving bitcoin in banks doesn't make any sense as if you save them in banks you will loose all your control from it which you are enjoying at a moment.
full member
Activity: 140
Merit: 100
May 29, 2017, 09:46:08 PM
Saving bitcoin is the best thing yo can do with your money it allows your money to grow overtime but i think as of today theres no bank who accept bitcoin as your savings maybe soon in the future. you can store your bitcoin wherever you want.
newbie
Activity: 88
Merit: 0
May 29, 2017, 09:22:59 AM
if someone or something started offering interest in BTC in a sensible fashion, from actual profit and not just in a ponzi scheme, I'll immediately joined in. one of the current plunders of BTC is the lack of such thing, since no bank want to offer loans and get paid in BTC and afterwards giving a fraction of the profit to the account owners..
hero member
Activity: 1078
Merit: 501
May 28, 2017, 09:32:04 PM
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.
newbie
Activity: 26
Merit: 0
May 28, 2017, 08:41:05 PM
There is no legitimate bank accepting BTC as saving initialed to profit on the capital, There are just few banks accepting BTC now and that might be the reason but even so, a BTC loan is complicated because BTC is volatile, so the bank will lend the volatile BTC to traders who have to use them in BTC form (if they exchange them to USD, if the price risen they won't be able to payback and keep some profit), overall I think it's too complicated.
hero member
Activity: 798
Merit: 500
May 28, 2017, 04:03:18 AM
The whole idea about bitcoins is to avoid using a bank. You shouldnt really want to take bitcoins that you own and then put them into some one elses trust. There arent any banks that do what i think your looking for but there have been companys that usually end up scamming you for your bitcoins. If you want to earn a percentage of the bitcoins you own then the current best way is just to buy and hold. You wont earn more btc this way but you more than likely will earn more fiat for every btc you own.
If you want to save your bitcoin but you are avoiding to use bank. You can use wallets as your bank. There are many wallet for bitcoin. Be make sure that the wallet that you are going to use is trusted. You can also get profit here especially when the price is increasing.
sr. member
Activity: 630
Merit: 250
May 28, 2017, 04:00:43 AM
To this time, as far as I know, There is no ACTUAL bank offering option for an investment account with BTC, and though there are reports of a bank accepting BTC in acccounts, it's not investment ones I think. Anything offering suspicious interest rates and is just a website is a scam (all those HYIP's etc...)

You're right, so many people choose to invest in bitcoin, but they do not understand what investment is, they just "invest" in HYIP sites, this is a form of fraud, but it looks like people Still choose it, really stupid
newbie
Activity: 54
Merit: 0
May 28, 2017, 03:58:44 AM
To this time, as far as I know, There is no ACTUAL bank offering option for an investment account with BTC, and though there are reports of a bank accepting BTC in acccounts, it's not investment ones I think. Anything offering suspicious interest rates and is just a website is a scam (all those HYIP's etc...)
sr. member
Activity: 1638
Merit: 260
Trphy.io
May 27, 2017, 12:28:04 PM
I can store bitcoin wherever I want, it is easy, but I choose a web wallet, because it is much more convenient.
If you store bitcoin in coinbase means you are wrong and not safe at all, because coinbase is it's SCAM,
storing very secure bitcoins is in VIP bitcoins and i've always use it to keep it for my bitcoins,
everyone has the place each for saving bitcoins, but prefer to keep it in VIP bitcoins. that's just my opinion.
member
Activity: 67
Merit: 12
Byteball: highly scalable cryptocurrency platform
May 27, 2017, 03:40:41 PM
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?
I think the rates would be similar to the one we see in exchanges.
It probably would not be a good thing if many people decided to put the bitcoins in banks. Banks are not only centralized, but also heavily influenced by governments.
legendary
Activity: 1526
Merit: 1179
May 27, 2017, 03:17:02 PM
I can store bitcoin wherever I want, it is easy, but I choose a web wallet, because it is much more convenient.
Many people have had bad experience with web wallets so I have avoided using it. Many of them have been scammed and the support team seems to not care much about users in the poor region. Moreover, bitcoin was create for the freedom while you will be controlled if you use web wallet such as coinbase or xapo
I agree that it's better to use a desktop client, but things are changed nowadays. Back in the days the blockchain was very small in size, and didn't take much time and resources to download.

Currently, it's not only taking much longer to download the blockchain, but due to its current size (~124gb), it occupies a huge part of people's storage.

People want convenience and a great level of usability, and that's exactly why they seem to go for online wallet services. These people don't seem to mind that they aren't the only entity with access to their coins.

Online wallet services are also greatly outperforming light weight wallet clients, and that's not for nothing.
sr. member
Activity: 574
Merit: 251
May 27, 2017, 02:09:56 PM
Why you have to save your bitcoin in bank? And is there any bank where you can save bitcoin with some interest rate? You can just save your bitcoin in some deskop wallet where you responsible for everything.
hero member
Activity: 1344
Merit: 565
Leading Crypto Sports Betting & Casino Platform
May 27, 2017, 01:28:07 PM
I can store bitcoin wherever I want, it is easy, but I choose a web wallet, because it is much more convenient.
Many people have had bad experience with web wallets so I have avoided using it. Many of them have been scammed and the support team seems to not care much about users in the poor region. Moreover, bitcoin was create for the freedom while you will be controlled if you use web wallet such as coinbase or xapo
full member
Activity: 192
Merit: 100
May 27, 2017, 10:28:14 AM
I can store bitcoin wherever I want, it is easy, but I choose a web wallet, because it is much more convenient.
hero member
Activity: 2940
Merit: 613
Winding down.
May 27, 2017, 10:23:14 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?

If you want to save bitcoin, you should store it in a hardware wallet, and store the necessary information. It is not smart to store bitcoins at a bank, there are a lot of problems that happen when you want to take it.
good idea but if you are thinking to store bitcoin directly in bank while not even converting to flat money. i think it is not possible right now. you have to exchange it into flat money before storing into bank so i think if you have to save it you should use any online wallet or any desktop wallet i think it is good for bitcoin.
Much better if you save it in your own wallet than keeping in a bank.At least your bitcoin is secured  and it will give you more profit.Unlike in a bank which for sure they'll just give lower rate for bitcoin when compared to any fiat or currency.
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