Saving bitcoins - page 32. | Bitcointalksearch.org

bob123

legendary

Activity: 1624

Merit: 2481

Actually there is a Bitcoin Bank.. its called "Bitcoin Crypto Bank"..
But to be honestly i wouldn't trust a Bank.. regardeless if its for Cryptocurrencies or Fiat..
The highest "Interest rate" would be probably if you loan your coins or just save them.. at least if u belive in Bitcoin
(I guess you wouldn't be here if you didnt believe in BTC Wink

)

Catmony

hero member

Activity: 854

Merit: 500

Why you want to save bitcoin in bank? If you don't love privacy and don't love to have full control over your wealth than there is no any point on using bitcoin.

If you trust your bank than no need to trust bitcoin Wink

Banks will freeze your bitcoins with any of the fake reason they are used to make whenever you save large amount in your account. I have even faced a long procedure to reopen my bank account because i haven't used it for 3+ months Roll Eyes

They might have thought i have died Grin

avikz

legendary

Activity: 3080

Merit: 1500

I doubt you will find a bank who accepts bitcoin as a deposit. However, my suggestion is that, don't save bitcoin in bank or else they will impose tax on it. instead, save it is a hardware wallet or in a very safe location for a long time like few years.

You will see that you have earned more than what you could have earned from bank. I have accumulated most of my bitcoins while the price was at $450, and look now. I have made more than 125% profit just by holding my bitcoin without any investment. So it is better to save bitcoin instead of depositing it in to a bank.

ReLieD

sr. member

Activity: 546

Merit: 255

Saving bitcoin is always a good option
If you have purchased bitcoin , you will think twice before using it.
As you have bought bitcoin it would be like a investment, and no one likes to spend their investment.
But if you have earned then you would not hesitate to use them.
As it might just be a secondary or tertiary earning and not primary.
So I would recommend that use a lot.of bitcoin when the prices are high as you will loose few bitcoins.

ged00u

hero member

Activity: 770

Merit: 500

Well, you seem to have a lot of things to learn about bitcoin, as one basic characteristic of bitcoin is decentralisation, which means bitcoin isn't under anybody's or anything's or any government's control. So saving bitcoin in banks is daydreaming. I don't know about the future but I'm pretty sure that banks don't accept bitcoin now. So instead of that, why don't you just create a wallet and put all your bitcoin in it?

JC btc

sr. member

Activity: 770

Merit: 253

Quote from: Gloiri on February 11, 2017, 11:30:07 AM

Quote from: vaxo_nba on February 10, 2017, 02:50:58 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's no bank for bitcoins may they exist in future due to high usage of bitcoins. any ways you can save your bitcoins in wallets there's a lots of wallet you can search on google if you want to withdraw just transition your bitcoins

Yes, just hold it in your wallet since we don't have yet bitcoin bank! Make sure no one knows your security, holding bitcoin in your wallet is a good idea.
You are saving as well as investing at the same time, don't be afraid that you will lose it, search for a right wallet so you would have no worries to.

Gloiri

full member

Activity: 128

Merit: 100

Quote from: vaxo_nba on February 10, 2017, 02:50:58 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's no bank for bitcoins may they exist in future due to high usage of bitcoins. any ways you can save your bitcoins in wallets there's a lots of wallet you can search on google if you want to withdraw just transition your bitcoins

TribalBob

sr. member

Activity: 1330

Merit: 257

DGbet.fun - Crypto Sportsbook

Quote from: erickkyut on February 11, 2017, 11:20:09 AM

Saving bitcoin in the banks is impossible because there are no banks right now which accepts bitcoin deposit. I suggest just keep your bitcoin in a safe wallet if you want to save it. Just save it and wait until the value of bitcoin increase more. Through that, you can earn more from it.

That's the right thing to do its better to save bitcoins in bitcoin wallet instead of saving in banks and as of now I don't think there are many banks that accepts bitcoins so in current scenario it would be good to save in offline wallet and wait for the price rise and sell them when its giving you some descent profits.

erickkyut

hero member

Activity: 1176

Merit: 509

Saving bitcoin in the banks is impossible because there are no banks right now which accepts bitcoin deposit. I suggest just keep your bitcoin in a safe wallet if you want to save it. Just save it and wait until the value of bitcoin increase more. Through that, you can earn more from it.

bestluck

hero member

Activity: 658

Merit: 500

First of all the bank do not accept bitcoin at all and if any time when they start to adopt bitcoin ans will accept it then they will have the same rate which they have for fiat or dollar etc as it is determined by the bank administration according to their bank expenditures.

blackhawkeye1912

sr. member

Activity: 784

Merit: 250

Quote from: vaxo_nba on February 10, 2017, 02:50:58 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?

As far as I know we don't have any on line bank for bitcoin. And for you able to know, Bitcoin is decentralized nobody can control it, only by you had a capability to manage your own bitcoin not by any corporate bank company or etc. If you have Multibit wallet, Electrum or Bitcoin core where you can storage you BTC here this will be your bank very safe and secured.

Kprawn

legendary

Activity: 1904

Merit: 1074

Deposit rate? Did you mean, interest rate? Well....Bitcoin is supposed to replace the old "fiat" banking system... but there are still people who

wants to hold onto that old outdated model. I once deposited some bitcoins into a service called, Asmoney and I did get some interest. Roll Eyes

The

point is, with Bitcoin being so volatile... people make much more money from buying low and selling high... than any bank can give in interest

rates, so they do not bother with it. Grin

webtricks

legendary

Activity: 1918

Merit: 1728

Why would you wanna save Bitcoin in banks, although, not possible!
Bitcoin in its own provide a great environment of safety and usability. If person is following all security measures provided by wallets, bet me no one could ever steal your Bitcoins.
Bitcoin is meant to degrade the banking system and giving a thought to deposit it with banks is complete give over to Centralized Bosses!!
About deposits rate and interest, Bitcoin on its own a very volatile security and holding it is enough profitable than investing it!

nara1892

hero member

Activity: 1666

Merit: 701

you should read why bitcoin was created first befire you ask such question. system of banks against bitcoin, so why should we save our bitcoins in the bank?

if you want to really keep your bitcoins safe, you need to keep it in an offline wallet.

revans

sr. member

Activity: 336

Merit: 250

Quote from: KennyR on February 11, 2017, 08:37:41 AM

Quote from: ufaiz50 on February 11, 2017, 08:08:54 AM

First you should know there are no banks that accept bitcoin so I don't know the exact answer to what you ask and why you should save bitcoin in a bank if there are bitcoin wallet which only you can access your own bitcoin wallet and you would earn profits by saving bitcoin and sell when inflation

Banks have been coming into existence day by day. A new bank which functions totally for bitcoin have been initiated in Vienna, so people around that locality can use it for their savings. Others can just use the bitcoin wallets for all their saving needs.

When we have our own bank in the form of bitcoin wallet then why to keep our bitcoins in the bank where banks will control our funds as bitcoin wallet allows to have total control on our funds so I don't think its smart to save our bitcoins in any bank better choice would be to store in bitcoin wallet and take actions accordingly.

KennyR

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Activity: 2310

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Quote from: ufaiz50 on February 11, 2017, 08:08:54 AM

First you should know there are no banks that accept bitcoin so I don't know the exact answer to what you ask and why you should save bitcoin in a bank if there are bitcoin wallet which only you can access your own bitcoin wallet and you would earn profits by saving bitcoin and sell when inflation

Banks have been coming into existence day by day. A new bank which functions totally for bitcoin have been initiated in Vienna, so people around that locality can use it for their savings. Others can just use the bitcoin wallets for all their saving needs.

mobnepal

legendary

Activity: 1218

Merit: 1006

Quote from: vaxo_nba on February 10, 2017, 02:50:58 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?

Your question is quite confusing.
If you are talking about depositing your bitcoin in bank than that is not possible right now and i don't think will be possible even in near future.

But you can save bitcoin in your own paper or hardware wallet for long term, and what you will get in terms of fiat after a year you will get will be more than what you could have earned as interest in your bank deposits.

ufaiz50

hero member

Activity: 1666

Merit: 502

First you should know there are no banks that accept bitcoin so I don't know the exact answer to what you ask and why you should save bitcoin in a bank if there are bitcoin wallet which only you can access your own bitcoin wallet and you would earn profits by saving bitcoin and sell when inflation

Musent

sr. member

Activity: 266

Merit: 250

Quote from: maydna on February 11, 2017, 08:00:37 AM

Quote from: vaxo_nba on February 10, 2017, 02:50:58 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?

until there is a bank in real life, we still save our bitcoin into our wallet. but if in future there is a bank that allow us to save bitcoin in that bank, then i think the rate will need to high compared to dollar or other fiat. bitcoin as the new investment which is more high than gold, will be a good choice to people to save in their account and they will make bitcoin as the top leader in investment. if we want to see this thing is happen, we need to wait until the government make a regulation about bitcoin so they is a legal statement from the government for using bitcoin in real life.

I don't think that Governments will ever come in support of bitcoins and will allow to get it on the mainstream as it will be threat to their national currency and also to a banking system and no Government will be willing to see that their major and national currency should get replaced by any digital currency.

maydna

hero member

Activity: 2912

Merit: 556

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Quote from: vaxo_nba on February 10, 2017, 02:50:58 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?

until there is a bank in real life, we still save our bitcoin into our wallet. but if in future there is a bank that allow us to save bitcoin in that bank, then i think the rate will need to high compared to dollar or other fiat. bitcoin as the new investment which is more high than gold, will be a good choice to people to save in their account and they will make bitcoin as the top leader in investment. if we want to see this thing is happen, we need to wait until the government make a regulation about bitcoin so they is a legal statement from the government for using bitcoin in real life.

Topic: Saving bitcoins - page 32. (Read 32726 times)