Will banks ever offer bitcoin deposits? - page 62.

francism0707

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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.

Well, as I see it, there is a very slim chance for the banks to accept bitcoin deposits. If ever that slim chance comes into reality, then I think that the banks will not sync it to fiat deposits because of bitcoins volatility. What I'm thinking is that if ever they accept bitcoin as deposit, they will also give interests in bitcoin and they will have a separate account for it.

roshanface123

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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.

Sometimes the banks are ready to accept bitcoin deposits. If they are ready, its sure that there may be gain for banks themselves by offering bitcoin deposits. Banks are providing services to its customers by foreseeing their own profit. Banks are controlled by banking regulations and by the management, when the bitcoin is controlled by its users.

jassanpary

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Quote from: xk85jq on June 11, 2018, 08:51:28 PM

i dont think that bank institution can handle bitcoin transactions in blockchain system fiat money is different from bitcoin. Maybe some member react because our identity was prevail. some member are hiding their identities.

Banks are actually opposing the use of bitcoins they are against the bitcoins, so I think banks don't accept to deposit the bitcoins. Because they fear that bitcoin may harm them and they may lose their importance for all these reasons banks may not accept bitcoins

Nylelyn

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With the remarkable rise of bitcoin users and investors, banks are now formulating their ways on how to keep up their services and earn profit with the current trend such as cryto currency. I guess if they offer bitcoin deposits, it s like US dollars that rate depends on the current exchange rate and will not be always fix like the fiat money. It is risky on both parties and will need a lot of studies to come up with the best idea.

ljtronics1

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I think bank will offer that service, the question is when, and i don't think it's going to be in the next 5 years from now

Keeping Up

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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 dont think this kind 9f system will ever materialize.
First of all bitcoon was created for the purpose of anonymity and it will be totally impossible for a depositor to leave his/her bitcoin on a bank without leaving any details about their identity.

leonellak

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I do not thank bitcoins will ever do that as it will promote bitcoins. This will reduce their business which is already in danger due to crypto.

mrtryonebiggums

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I believe they will resist like they have until now. But the tipping point I believe will also come soon. I believe that day will happen when a major bank somewhere in the world accepts Bitcoin as deposits. The rest of the world will have no choice but to follow or fear being left behind.

BTC_BTC

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I think it's safer to store bitcoin in my wallet than on a bank. The bank uses the central system, while bitcoin uses the perr system to perr. If we save bitcoin dibank, the bank will keep the private key of our wallet. Is not this the same as we lend our bitcoin to the bank?

xk85jq

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i dont think that bank institution can handle bitcoin transactions in blockchain system fiat money is different from bitcoin. Maybe some member react because our identity was prevail. some member are hiding their identities.

Jimrch

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I did not encounter yet a bank offering deposits for bitcoin, but there is a bank that allows you to withdraw your bitcoins converted into your fiat money thru their machines.

Jimrch

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I think the more applicable question is, will there be a government regulation that will allow banks to offer bitcoin deposit?

yecats

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Banks are Avoiding us in Money laundering and as of now banks is in regulating bitcoin . This might happen in our future transaction and banks will trust bitcoin. But we can keep our bitcoin. In our own way.

AliMan

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Quote from: bitcoinerjawa on June 11, 2018, 08:14:54 PM

there may be some banks that help and offer services to depost to bitcoin in some existing state like that bank can cooperate with bitcoin.

Time will come for it to happen let's just hope for the best. Bitcoin is getting popular right now and one day it willwill be supported by the banks too. Definitely the banks will help bitcoin because it's a win-win situation for both of them. There will be a moment that each party (bank and bitcoin) will cooperate to give us a better service.

bitcoinerjawa

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there may be some banks that help and offer services to depost to bitcoin in some existing state like that bank can cooperate with bitcoin.

sabine80

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it will surely come yet that the banks officially accept bitcoin. it is certainly only a matter of time. i can imagine that in 1 to 2 years will be so far.

Marvelio

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I do not think I can go that far if the bank implements a deposit in bitcoin, since everyone's private key is centrally stored plus depositing funds in the bank is even more risky. My answer is the bank will not offer BTC deposits in the next 5 years. for me enough if the stock market offers cryptocurrency trade.

chichigirl

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I hope so, that will be a very big news or break for bitcoin if ever banks will offer a bitcoin deposits. But as of this moment that is very impossible since other government declare bitcoin as illegal.

Brookie

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To make deposits in bitcoin looks quite interesting for the people of the world to meet him with open arms. Nevertheless, some experts expressed doubts about the operation of mechanisms for collecting interest. Indeed, bitcoin is different from paper money, therefore, another mechanism needs to be done.

Lemayilleur

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I think that this is unlikely, because the importance of banks in this is completely absent! Moreover, I think that banks simply will not want to take such a risk, because the price can collapse any day!

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