Which banks are bitcoin friendly? - page 2.

krishnaverma

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Quote from: Polipog on March 06, 2018, 11:17:20 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.

kotajikikox

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Quote from: hutchdavidson on March 06, 2018, 12:04:24 PM

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Herein my location have bank accepting bitcoin because if there's no bank accepting bitcoin how to exchange Bitcoin into fiat money, so i beleive bank and virtual currency have an connection to each other.

Evangeline2

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It would be better to create a bank that would connect directly with the cryptocurrency and then undertake the conversion service, which would make the currency more liquid.

MINHAJ_VI

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Quote from: hutchdavidson on March 06, 2018, 12:04:24 PM

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

It really depends on ur location qhere u belongs to.If there the exchange allowed on any bank then it could b exchangeable.

hutchdavidson

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Quote from: jtipt on March 06, 2018, 11:03:11 PM

Quote from: hutchdavidson on March 06, 2018, 12:04:24 PM

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Were you able to purchase BTC even after the letter? If that's the case then you shouldn't have any problem because many banks are discouraging people from buying cryptocurrency, officially they are calling it for safety of people because scams are every easy suing crypto. No bank is truly bitcoin friendly, some of the banks may not send you these letters for now but that won't make them bitcoin friendly, although some banks are embracing blockchin they still hate bitcoin.

The letter said my account would be suspended if I kept buying btc so I didnt want to find out so I didnt try to buy anymore btc. I figured they actually meant it or I wouldnt have got the letter in the first place. Banks usually mean it when they threaten to kick you out...

NORD YGGDRASIL

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Banks can not react positively to bitcoin. The politics of banks and the politics of bitcoin are two absolutely different kinds of philosophy. The banking system has a ripple. This is quite enough for them.

Polipog

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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.

jtipt

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Quote from: hutchdavidson on March 06, 2018, 12:04:24 PM

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Were you able to purchase BTC even after the letter? If that's the case then you shouldn't have any problem because many banks are discouraging people from buying cryptocurrency, officially they are calling it for safety of people because scams are every easy suing crypto. No bank is truly bitcoin friendly, some of the banks may not send you these letters for now but that won't make them bitcoin friendly, although some banks are embracing blockchin they still hate bitcoin.

smartboy2ever

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Bitcoin's demand is increasing day by day. There are many banks who are now trading through Bitcoin. There are: Fidor Bank, Change Bank, Worldcore , Bankera, Monaize.

nikenv2212

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If I am a breaker of a bank that has the authority to lend to clients on the grounds of cryptocurrency or bitcoin, I will openly refuse. There is no guarantee that the customer's trading business in bitcoin will continue to succeed because the bitcoin value is very volatile. Cryptocurrency is very high risk, especially when the current rampant-bad credit, I think the bank will never take that risk for the health of their bank.
Unless you have a real business, you can apply for a business loan to the bank for your business, and you can use some of that money to buy some bitcoin Grin

joymarker

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Quote from: hutchdavidson on March 06, 2018, 12:04:24 PM

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Bank Belanda yang Pernah Menyebut Bahwa Bitcoin 'Beresiko Tinggi' Kini ... tentang kriptocurrencies, dan mungkin lebih ramah terhadap teknologi dalam waktu .

megynacuna

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I don't expect a friendly inter-relationship between bitcoin and the banks because they are in competition for the same customers and since bitcoin is strictly decentralized i doubt if any bank in this world will trust it enough to work with it.

yoseph

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Quote from: pearlsome on March 06, 2018, 01:07:06 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.

jakonakos

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In China, it was proposed to create a national currency exchange and other regulatory bodies for the crypto industry.
China as always ahead of the planet

HashieNewb

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Quote from: bittradr on March 06, 2018, 05:24:02 PM

It's becoming more and more of an issue.

If you are working with UK, you can try german banks. UK banks don't want to have anything common with crypto.

It's actually less more of a fuss than it was before. Bitcoin and banks were not friendly back in the days.

zarados

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Quote from: hutchdavidson on March 06, 2018, 12:04:24 PM

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

there are so many people who are doing the same thing, and that causes the NPL (Not performing loan) in the bank to increase. This is certainly not a positive thing for all banks. Therefore, they decided to prohibit the purchase of cryptocurrency transactions using credit cards because they are considered to be a very high risk for the drop in profits due to the high NPL value.

jakonakos

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Quote from: ginkgonk on March 06, 2018, 06:45:35 PM

Quote from: jakonakos on March 06, 2018, 06:40:36 PM

Germany recognized Bitcoin as official means of payment
The Ministry of Finance of Germany signed an official decree confirming that bitcoin is recognized as a means of payment
Unlike the US, where Bitcoin is recognized as property, in Germany all that will be bought for the currency will not be subject to a capital outflow.

Some time ago, the Central Bank of Germany announced that it was necessary to firmly control the development of the crypto industry, not only at the state level, but also on the international arena.

I think that's good. Information about the support of large countries by the crypto currency is the reason for the growth of the price of coins ". In such cases, investors invest more confidently and willingly buy digital money, which invariably leads to an increase in the price of coins.

BitHodler

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Quote from: Zocadas on March 06, 2018, 06:33:31 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.

It's nothing more than a potential service that they are planning to offer, which at first requires them to obtain several licences for. No licenses means them not being able to offer what they have been planning to offer.

And even if they do manage to get everything up and running, how long will it take before certain parties will withdraw their support? Bitwala in this case depends too much on external factors.

With how regulations change and are constantly being added, financial institutions and services will have to adapt each and every time, which is something you just can't fully depend on.

Too many potential obstacles that you have to take care of and deal with, which isn't something I consider to be a viable long term option. I really wouldn't be surprised if they eventually decide to just pull the trigger beforehand.

ginkgonk

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Quote from: jakonakos on March 06, 2018, 06:40:36 PM

Germany recognized Bitcoin as official means of payment
The Ministry of Finance of Germany signed an official decree confirming that bitcoin is recognized as a means of payment
Unlike the US, where Bitcoin is recognized as property, in Germany all that will be bought for the currency will not be subject to a capital outflow.

Some time ago, the Central Bank of Germany announced that it was necessary to firmly control the development of the crypto industry, not only at the state level, but also on the international arena.

BitcoinHunt3r

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Quote from: AimHigh on March 06, 2018, 06:12:00 PM

Quote from: hutchdavidson on March 06, 2018, 12:04:24 PM

I initially bought bitcoin through my credit union linked to an exchange but got a letter from the credit uinion saying its not allowed and to stop etc
Are there any banks that allow this? Thanks

Not literally friendly on bitcoin it partners possible because here in my country we can cash out bitcoin thru bank and automatically convertable into our country money and we can transfer a bitcoin thru bank also and can also buy in bitcoin thru bank also so this is the reason why im thinking that here in my country some of banks accepting or adapting bitcoin now.

that is good thing, which country do you live? hope can live there too, in my country bank not support bitcoin. if want to cashout my people must exchange it in exchanger first. and in my country, we can't buy bitcoin directly from bank account

Topic: Which banks are bitcoin friendly? - page 2. (Read 376 times)