Which banks are bitcoin friendly? | Bitcointalksearch.org

NeuroticFish

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Quote from: Zocadas on March 06, 2018, 05:33:31 PM

I read recently, that Bitwala, an exchanger in germany is planning to provide a crypto based bank account.
https://www.bitwala.com/
And I think, also traditional banks will jump on train.

Wirex, the ones that used to provide Wavecrest bitcoin cards, have also plans to offer currency accounts, although they are financial service, not really a bank.
100% Bitcoin friendly. And Bitwala is also just a financial service, not a bank. (Not an issue for me, just let's be correct)

And with Wavecrest issue, I think that many of the Bitcoin card services could go in that direction too (provide real account and their own card), to make their business get better chances to survive.

ahmad21

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No bank can ever be bitcoin friendly simply because of the reason that bitcoin is not bank friendly. Bitcoin is a currency which hardly needs any centralized core system which is what banking offers. BTC offers non-manipulated flow of money in the economy which too is against the ideology of banks who regulate money constantly. So if BTC is not going to offer banks a friendly hand how can we really expect any bank to support btc. But yes banks to support ripple too much.

Hexon

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In our country, there are no banks directly related to Bitcoin, we use local companies to buy or sell Bitcoin or other coins. Maybe if someday permission has been issued, then the banks will be willing to exchange.

Chaki

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Bank's employees are friendly to bitcoin and it's user but not the bank itself toward bitcoin. Considering your country's behavior or rules towards bitcoin I think only few banks are allowing transaction from your main bank to your wallet when purchasing coin. But their are some digital wallet that are friendly to bank and to Bitcoin.

futuret

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Quote from: jeffer8035 on March 10, 2018, 10:30:44 AM

Swiss banks as they allow more and some in Latin America is easier or ask

There are many banks in UK and USA throughout the world which are bitcoin friendly. As bitcoin nowadays became world largest crypto currency. So banks and different organization started accepting bitcoin as a payment system. Even school and colleges accepting fees in bitcoin in developing countries. More and more banks will accept bitcoin in near future.

Gameroid

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Quote from: Jamie Oliver on March 10, 2018, 10:46:08 AM

At present, Banks in many countries do not support BTC exchange service, because they all feel that the risk of BTC is too great to be suitable for ordinary people.

I do not think that there is a single bank in my area who are bitcoin friendly and the reason can only our government still do not accept bitcoin as legal currency, and that is the reason that banks are still not accepting bitcoin but in future when our government will start accepting bitcoin they banks will also start accepting bitcoin in their shops.

karik1987

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BNY Mellon

This bank uses crypto-currency technologies to develop internal applications. The plans of the bank's executives are also to use Bitcoin as a reward for employees.

azker

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Indeed, there are banks that are considering cooperation with crypto-currencies, but this does not apply to american banks.

Cryptogid

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In Nigeria, agency's are using banks to transact with bitcoin, like you can buy bitcoin with your ATM card, example of such Banks are access,gtbanks ..and this Bank accounts 3ds enabled..

Jamie Oliver

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At present, Banks in many countries do not support BTC exchange service, because they all feel that the risk of BTC is too great to be suitable for ordinary people.

zwiggel

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Bitcoin is developing very exciting. The bitcoin market is spreading all over the world. There are a lot of people investing in bitcoin. So now there are many banks in America, Europe, Asia accept the replacement bitcoin copper.

tegarp90

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I heard some banks in japan already support cryptocurrency payments but i'm not sure it's bitcoin or another altcoins

jeffer8035

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Swiss banks as they allow more and some in Latin America is easier or ask

Verona25

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Bitcoins differ from conventional currency in that registries are not stored centrally in banks and payment systems, but simultaneously on all computers that are occupied by bitcoins.

Derfcoin

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Quote from: Polipog on March 06, 2018, 10:17:20 PM

In my country, the union bank is the most friendly banks wants to accept bitcoin transactions, and as what I have seen on the television news that the manager of union banks starts the training procedure of their employee on how to entertain a bitcoin transactions. Hopefully other banks also follows by accepting bitcoin business. We all know that a lots of banking institutions wants to accept bitcoin business but the reason behind are the future risk because bitcoin is not legally endorse by government.

I thought the same applies to the us! I have a union bank too, and they never complain about coinbase transfers,

But Maybe the staff is just being nice...

Banks shouldn't be able to decide who you can and can't wire money to...

karisiak123

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In my opinion, every bank can accept bitcoin except for territory or country that is prohibited to exchange or purchase bitcoin.

sbjkfl

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Quote from: yoseph on March 06, 2018, 06:07:29 PM

Quote from: pearlsome on March 06, 2018, 12:07:06 PM

Now many banks prohibit the use of credit money for the purchase of cryptocurrency. Did you buy bitcoin for your personal money or for bank money (credit)? When using personal funds, you should not have any problems. Cancel the ban on double conversion if your national currency is not a dollar or an euro. Also, you did not specify which country you are from, so it's hard for you to give an answer. In all countries, completely different attitudes toward cryptocurrencies and bitcoin.

I wouldn’t even really advocate for the purchase of bitcoins with credit cards considering how much they charge for that transaction, you could purchase a lot of gift cards which you can exchange on paxful an exchange agency.

No, this is a very complex issue. Economics often involves a key issue of thinking, ideas and ideas change, can change the economic problems, the wealth of the phrase can be seen in the understanding. Bitcoin circulation is capped, plainly, just an electronic gold on the Internet only.

STERLING98333

newbie

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This of course vary from location to location and most of the banks don't accept crypto but in future this might happen that there will be only crypto currency not traditional currency if the securities become strong to handle any hackers.. but for now no baks will entertain for crypto

Manchumichael

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Quote from: krishnaverma on March 08, 2018, 01:24:23 AM

Quote from: Polipog on March 06, 2018, 10:17:20 PM

In my country, the union bank is the most friendly banks wants to accept bitcoin transactions, and as what I have seen on the television news that the manager of union banks starts the training procedure of their employee on how to entertain a bitcoin transactions. Hopefully other banks also follows by accepting bitcoin business. We all know that a lots of banking institutions wants to accept bitcoin business but the reason behind are the future risk because bitcoin is not legally endorse by government.

I my country all the banks are supporting transactions related to bitcoins. You have to first transfer the money to bitcoin exchange to buy bitcoins and then after selling bitcoins for profit, you can withdraw that money to bank account. These transactions take a maximum of 1 day. Some of the people were spreading news that some banks have seized bank accounts of some exchanges here but it was due ti suspicious behavior of those companies.

Right now i did not receive any official message from my bank which is connected to crypto exchange site, but there is a rumour like all government undertaken banks and some private banks are not supporting. So i think this is fake news.

Noelbetty12

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On our locality no banks did ever encourage the customers or coin holder to use or deposit bitcoin. So far there are no laws passed to recognize it but also no laws that regulates the use of it. People are allowed to transact business and we have at least one trading site that can exchange bitcoins. So we are warned to trade bitcoins with caution. Banks do not support bitcoins probably because of its volatility as of now. I don't know if they will support in the future.

Topic: Which banks are bitcoin friendly? (Read 438 times)