Will banks ever offer bitcoin deposits? - page 17.

Pan Troglodytes

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Quote from: YNAGS Team on August 05, 2018, 04:11:34 PM

Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

As for me, I am looking forward for that to happen, because it is one of the wisest things that banks can only do, in the case of cryptocurrency will take their job completely. The wisest thing would be to adapt.

And they will adapt, I have already heard of banks starting to offer such services, look: futures trading has already started last year and one may only expect that the range of such services will grow with time. At beginning slowly, but then things WILL escalate.

Oliveir

newbie

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As I said on my previous comment... Bank are taking precaution for themselves not to directly involve in their bank user investment on crypto so on the wallet when you send amount to uncertain account it always shows a button "THIS TRANSACTION IS NOT RELATED OR PURPOSELY FOR BITCOIN" ...

But some banks are not giving chance to their member to use in crypto wallets...

Pancheng

jr. member

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Smaller bank with online wallet is possible since you can connect other wallet using links on other wallet but as for bigger bank some transaction direct to crypto wallets are restricted and some wallet shows an option "this transaction is not to buy Bitcoin" to make sure they will not be forsaken if you experience some unfortunate things on crypto.. They are taking caution....

YNAGS Team

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Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

As for me, I am looking forward for that to happen, because it is one of the wisest things that banks can only do, in the case of cryptocurrency will take their job completely. The wisest thing would be to adapt.

Olalomi

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Activity: 490

Merit: 12

The possibility of banks accepting bitcoin as deposit may never come to pass considering the posture and threat cryptos particularly bitcoin to the banking system due its decentralized features. Cryptos also serves as store of value thus undermining the usefulness of the banks investors will rather hodl their bitcoin in a secured cold wallet.

Baekhyun

newbie

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I personally prefer the current system, because it does not require third party intervention in the transaction. If the Bank really offers a bitcoin deposit in its service, precisely the attraction of bitcoin, which is decentralizing the system, will disappear. In addition, its security will be maintained by a network that may be more easily hacked by hackers.

people12345

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Bitcoin is unpredictable in nature, I trust you will realize that and after that banks dependably anticipate that the steady cash will store them as it were. In the event that they permit bitcoin as an installment and after that BTC value drops and knock there will be huge issue for the keeping money side.
So they may have bitcoin installment as choice like elective alternative like how we have reserve funds, current and so on. So far no banks may in a few years they will acknowledge the bitcoin and alts as an installment alternative.

Qeupe

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Quote from: shield132 on April 26, 2018, 11:20:04 AM

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

I do not agree, it is precisely this is very risky for banks that offer this service. "It is much easier to steal digital currencies than traditional currencies if they are placed in the same place and network" this was stated by an expert on cryptocurrencies, this system would be vulnerable to hackers if not guarded with very good security.
in addition, the nature of decentralization, philosophical anarchism and freedom from bitcoin risks losing its appeal.

PAKYU

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I like to deposit my fiat to the bank and they make money with it but if its bitcoin. I do not think I will take advantage of this service but there is a chance that it will come and they will target the investors / bitcoin holders who do not really understand what bitcoin, be your own bank.

CoinSpeculator

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one day the financial institution will realize the huge potential and advantages presented via Bitcoin and cryptocurrency, it's miles simplest a be counted of time earlier than the majority of them can be part of the fashion

longrhm0

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If ever Bitcoin could be opportunity foreign money inside the near destiny all of us particularly businesses should adopt it wisely. mainly Banks, as a banker or a enterprise character you must be on trend and succesful to maintain tempo on the traits. Banks may be have plans on how they can survive if human beings will choose to make investments on bitcoin than their personal financial institution.

GreenEarth22

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Of course it will happen in the future, when the government of most of the countries accept it and make it legal then the banks of those countries will do this.

alexsandria

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Quote from: Saveralll on August 05, 2018, 03:15:37 AM

I think it's better because when this modern era bitcoin is rising to be invested and can be used for online payments and I'm sure bitcoin will become money in the future

For me it has a chance that some banks in this world will really offer a bitcoin deposit but it will surely take a lot of time before it will happen, maybe after 10 years there are now some banks will offer a bitcoin deposit and for sure it will be a good news for all the investor.

Saveralll

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I think it's better because when this modern era bitcoin is rising to be invested and can be used for online payments and I'm sure bitcoin will become money in the future

Bdstar

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NO, there will be no chance to offer Bitcoin by the banking system. I personally don't believe this situation because Bitcoin is a competitor of the conventional banking system. If this blockchain system will flourish then people will lose the interest to deal with the banking system. That's why bank always discourages to deal with Blockchain system.

Macai

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With what trends we have now that many countries adopting Bitcoin as mode of payment and as their money, it will not be far that banks will offer Bitcoin deposits if that is one way to secure Bitcoin accounts.

Nunii

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We never know. As as far as I am concerned, Banks are only wary of bitcoin due to security. It's still in its infancy level. Hackers and cybercriminals every where, unless this aspect is minimized plus government support then, there's nothing else the would not do bu accept it as mode of savings and payment. This will change the whole picture of global transactions.

tokilaka

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I think there will be no way for banks to accept Bitcoin deposits but bitcoin is the evolution of the internet and currency in one. Banks also have to admit that Bitcoin is now more erratic than the price of other stocks

rapsa2018

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In this area we do not know where to place the bitcoin to deposit it in the bank because the bank accepts it and legally the bitcoin can be withdrawn from the bank and can not be deposited.

Jay51

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I think it will be not accept in early future because banks see in bitcoin see a currency in competition,but now i see info- Digital bank Web 21 has just announced that they are accepting bitcoin deposits.

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