Saving bitcoins - page 30. | Bitcointalksearch.org

sunsilk

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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?

Unfortunately there is no way to save bitcoins in the bank because your own wallet is already good to be your own bank.

The only way to save bitcoins in the bank is you need to exchange it first with fiat and the rates are unstable.

Percentage of rates are depending on the market.

veleten

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putting bitcoins in a bitcoin bank (when and if they exist,ofc) kinda defeats the purpose of bitcoin
as the decentralized anonymous digital currency
you want it end up same as fiat currencies? well I don't

zuyfg888

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It is about you who will be deciding what you will gonna do with your bitcoins. For me, we should invest our money instead of saving bitcoins. But for others, like traders, they invest it into another altcoins. We know that altcoins can earn more. Saving altcoins sometimes can earn a lot

loreykyutt05

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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?

me I don't believe in Bitcoin bank I already tried it several times and get same results the ending is I will get scammed ! after that unfortunate event in my life I never tried to trust Bitcoin bank again because I only lose Bitcoin in that ! And after some time I realised that Bitcoin is already an investment so why should I need for a Bitcoin bank?

olubams

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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?

Its a two way thing for you but either route you want to take, just satisfy yourself that what ever the outcome of other option, I can live with it and the reason for that us no one knows the future and the level of uncertainty in bitcoin is very high as a result of the volatility of the currency which could swing either ways with few days unlike fiat which is more stable that banks can tell you this is the percentage you will get in one year if you are cool with it, go ahead if you are not you opt out...

BeGoods

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Quote from: cramcram21 on February 12, 2017, 09:48:28 AM

There is no bitcoin bank that exist in the internet right now,
And I think that there would never be one cause bitcoin was created for decentralization and for anonymity of all of it's user.

yeah because of course using only the wallet, more secure, without administrative costs, without verification identity, so I think saving bitcoin in wallet will be more comfortable than in bitcoin bank

manselr

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The point of bitcoin is to not depend on banks. Forget about telling other people your private keys, that defeats the main purpose of being your own bank.

Just make some damn backups and remember your password, can't be that hard.

error08

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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 any conventional/local bank that existed in the world which had stated accepted bitcoin as a currency, as far as I know.
You may save bitcoin in non-conventional bank such as https://coinsbank.com/bit-x, (operated online) if you do not live in UK, just read their FAQ. So, there is no such thing like deposit rate in bitcoin world, simply because there's no local bank for bitcoin, like I mentioned.
If you want to deposit your bitcoin and expect for interest every month, you may try to lend it on exchanges such as Poloniex, read this https://bitcointalksearch.org/topic/invest-your-bitcoins-1607623

crairezx20

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Quote from: PacePay on February 12, 2017, 09:57:28 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?

I think you do not know that bitcoins cannot be saved in banks they are not adopted and accepted by banks so you if want to save them in banks then you will need first to convert these bitcoin to fiat and then store but with that you will miss the benefit of bitcoin price increase.

I think we have a bitcoin bank like in bit-x here https://coinsbank.com/bit-x
Which is you can save your money into credit card that you can use in selected country.
For now we are use also to save our bitcoin into wallet that we can consider as our bank where we are saving our bitcoin..
So if you want to save a bitcoin better to choose a safe wallet because some of wallets are not safe like online wallet coinbase.. that i heard many people are saying that coinbase are suspending your account or pending issue or draining your credit card if you buy bitcoins.. so be smart and use the wallet like electrum or bitcoin-qt those are safe wallet because i already tested it..

LFC_Bitcoin

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Just put your bitcoin's into cold storage, offline. You don't need any kind of stupid investment bank or interest. Bitcoin's value is steadily increasing over time now, that is more than enough growth interest for you.

PacePay

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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?

I think you do not know that bitcoins cannot be saved in banks they are not adopted and accepted by banks so you if want to save them in banks then you will need first to convert these bitcoin to fiat and then store but with that you will miss the benefit of bitcoin price increase.

cramcram21

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There is no bitcoin bank that exist in the internet right now,
And I think that there would never be one cause bitcoin was created for decentralization and for anonymity of all of it's user.

Red-Apple

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Quote from: JC btc on February 12, 2017, 09:36:18 AM

Quote from: bravehearth0319 on February 12, 2017, 07:37:17 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?

I will throw it back to you the question, Do you like Bitcoin bank? as for me, I don't like that because as a bitcoin fanatic we are the one who is Bitcoin bank already. For me I'm not in favor in bitcoin bank.

But how about having a bitcoin ATM? Well, it is an advantage too if we don't have bitcoin bank, so the people/users have the control in the price depending on the demand and supply and not depending on the government regulation if how much would the daily price of bitcoin. It is have to invest and trade if that would happen.

the whole point of bitcoin is that you become your own bank and don't need anything else. then you go and try to find a bank to still use it with bitcoin doesn't make sense.
and what are you going to use an ATM for? if you need fiat then use a fiat ATM with fiat card and if you need bitcoin then you don't cash out bitcoin you directly spend bitcoin by sending it to the other person's bitcoin public key.

dothebeats

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Not gonna happen. Banks do offer interest over time, but it's still best to just store the couns yourself because it's still profitable to do so other than expecting a fractional increase from the banks for years. Also, banks wouldn't accept such as bitcoins do not fall under tangible assets.

JC btc

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Quote from: bravehearth0319 on February 12, 2017, 07:37:17 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?

I will throw it back to you the question, Do you like Bitcoin bank? as for me, I don't like that because as a bitcoin fanatic we are the one who is Bitcoin bank already. For me I'm not in favor in bitcoin bank.

But how about having a bitcoin ATM? Well, it is an advantage too if we don't have bitcoin bank, so the people/users have the control in the price depending on the demand and supply and not depending on the government regulation if how much would the daily price of bitcoin. It is have to invest and trade if that would happen.

margarete11

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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 such thing as a Bitcoin bank in a Cryptocurrency world ! if there is a person to you that push you to invest bitcoins in what do they called "bitcoin bank" then as early as today please don't do it ! you will just lose all your bitcoins in that area ! better just convert it to fiat then invest in a real bank !

savioroshan

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In my opinion if you want to save bitcoins, just buy bitcoins and store it in any bitcoin wallet. That itself will do. You dont have to deposit it somewhere. First of all you cannot deposit bitcoins like fiat currencies in any bank or private institutions.So storing bitcoins in your own wallet is the best option. Bitcoin is getting popular day by day. Its price is also increasing day by day. So for example if you store today 100 dollars worth bitcoin in your wallet, after few years it would be worth thousands of dollars.

calkob

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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?

I think that bitcoin changes the whole banking system to the point were it just wont look the same in 15 years. i cant see anyone giving their bitcoins to a bank when they can store them safely themselves. and i also cant see how a bank can lend out bitcoin with out it disappearing. bitcoin is on the verge of becoming fully anonymous by using tumblebit and the likes.

Superways

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You have to wait for the time when the governments will accept the use of bitcoin in their governmental institutes then you will be able to save your bitcoins in banks and at that time it will be dependent in their earnings and consumption that how much will they want the fees.

eann014

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Quote from: PhilPrime on February 12, 2017, 12:17:50 AM

Quote from: Juggy777 on February 11, 2017, 11:58:50 PM

Strange question really when a Google search would have told you, there is no such bank that accepts Bitcoin. Or maybe walk to your bank and figure it out. I don't think there is anything in service section also that could help you. For the time being I would suggest store your coins in a wallet. Make sure you have your keys with you and do not tell anyone how much Bitcoin you have as it increases chances of risk of hack. Maybe in future some service what you want may come up.

Have point,there is no way now that bank relates in bitcoin other than sending and cashing out our money, about saving it is only opt for us to store it in our wallet on our preferred sites or ways.

It is also our strategy on how we can earn bitcoin in our wallet or how can we save our bitcoin, because once you are not really thrifty at all, you cannot really save money at the very beginning. Grin

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