If I should stop making use of my bank then where am I going to store my money, in Bitcoin? Know this - no bank will turn against crypto unless the government gives the order. And when the government gives the order it will apply to every bank in that country, none of them will accept or allow people to make use of cryptocurrencies.
I won't stop making use of bank for that, I will continue to make use of my bank and will withdraw the money I have in Bitcoin if the thing should get like really serious, just to avoid problems.
But, I do know for sure that even if the government and banks should turn against Bitcoin there is still going to be a way for me to buy and store Bitcoin and still have no problem with them and when the time comes to sell it, I will also do the same and still have no problem. They will only be able to know that you're buying and selling crypto if you're using centralized sources. I can just decide to use the Black market (local buyers and sellers) who will pay the money straight to my bank and it wouldn't seem suspicious.
Topic: Would you close your Bank account, when your Bank turn against Crypto? (Read 579 times)
November 20, 2019, 02:00:05 PM
November 20, 2019, 12:22:04 PM
We see a lot of these Banks that wants to sabotage Bitcoin and Crypto currencies by closing people's Bank accounts. When this happened in
countries like Australia, some people closed their Bank accounts in support of these people and they moved their business to other Banks that
supported Crypto currencies. They also took this to court and the court decided that this was anti-competitive behavior and they were forced to
stop that. So, the question is simple : Would you close your Bank accounts, when your Bank turn against Crypto?
Do we need new Banks that would go up against these large Banks to facilitate the conversion of Fiat to Crypto currencies? I think Banks doing this
will quickly change their policies, once millions of people start moving their accounts to Banks that supports Crypto currencies.
We do not need Banks, because P2P conversion is possible without Banks, but it just makes things so much easier for people dealing with exchanges.
What do you say? Please participate in the Poll.
Probably no, perhaps I would consider this issue if Crypto is fully accepted in our constitution. However, more likely I would switch to other banks that would support the use of Crypto. Moreover, if Crypto is acceptable in a particular country Banks would automatically accept the use of crypto and never turn against it since this will be an issue for their clients. countries like Australia, some people closed their Bank accounts in support of these people and they moved their business to other Banks that
supported Crypto currencies. They also took this to court and the court decided that this was anti-competitive behavior and they were forced to
stop that. So, the question is simple : Would you close your Bank accounts, when your Bank turn against Crypto?
Do we need new Banks that would go up against these large Banks to facilitate the conversion of Fiat to Crypto currencies? I think Banks doing this
will quickly change their policies, once millions of people start moving their accounts to Banks that supports Crypto currencies.
We do not need Banks, because P2P conversion is possible without Banks, but it just makes things so much easier for people dealing with exchanges.
What do you say? Please participate in the Poll.
November 20, 2019, 11:48:38 AM
I can't separated myself from banks account because i need them to stores my money, to made transactions use ATM or transactions directly through to banks so i think stay away from banks isn't good options for me and if someday they will against crypto then it will be difficult to be chosen because basically i still need both of them
You will not stop using Fiat ATMs or even saving your Fiat currency in Banks, you will simply move your funds to a Bitcoin friendly Bank.
The idea is not to stop using these services, because there are still a lot of services and goods that you cannot buy with bitcoins. So when your Bank
start getting difficult, you simply close your account with them and open a new account with a Bank that are Bitcoin friendly. I already influenced
my friends and family to do the same and we are all Banking with a new Bitcoin friendly Bank.
November 20, 2019, 11:42:28 AM
Yes of course, in fact, I've already done it when my former bank made a disclosure to me that they will not accept deposits coming from Crypto-related transactions, I have no problem changing my bank, I have many banks to choose from and they are not even the number one bank in our country, and if my current bank will do the same I will just shift to a more friendly bank, no banks can make me stop in my Crypto activity.
That's so irritating why wouldn't they accept something that can their deposits grow, for as long as that is not from scam. Here in our country, we've been there too, the top bank that most of depositors trusted suddenly becomes too strict and they don't accept crypto, so I don't have a choice but to open another bank account that will be able accept my deposits from crypto.
November 20, 2019, 11:38:02 AM
Yes of course, in fact, I've already done it when my former bank made a disclosure to me that they will not accept deposits coming from Crypto-related transactions, I have no problem changing my bank, I have many banks to choose from and they are not even the number one bank in our country, and if my current bank will do the same I will just shift to a more friendly bank, no banks can make me stop in my Crypto activity.
November 20, 2019, 11:19:47 AM
No, not because the company I work for requires all their employee to have an account open to a certain bank since our salary is automatically deposited there.
but because it is a hassle to open a new bank account. the bank requires you to deposit a certain amount of money(in my country) in order to open a new account.
although I like and support cryptocurrency I can't afford to open a new account and it is also a waste of time.
but because it is a hassle to open a new bank account. the bank requires you to deposit a certain amount of money(in my country) in order to open a new account.
although I like and support cryptocurrency I can't afford to open a new account and it is also a waste of time.
November 20, 2019, 10:39:40 AM
The bank is still my main source of money and to be honest my second option is to hold a significant amount of money in bitcoin as I know it will be safe for government tax. So even if the bank were against crypto I would not leave it as it is safer to put my money in it. But if all the things in the crypto currency were going to be fine I would put my money in it and leave the bank, but it isn't today.
I will never close my bank account for that reason, but instead I will withdraw all my funds to that bank and convert it to crypto and wait till my bank accepts bitcoin again. I believe that someday banks will cooperate with cryptocurrency and withdrawing bitcoin in banks will be easy. November 20, 2019, 10:30:00 AM
The bank is still my main source of money and to be honest my second option is to hold a significant amount of money in bitcoin as I know it will be safe for government tax. So even if the bank were against crypto I would not leave it as it is safer to put my money in it. But if all the things in the crypto currency were going to be fine I would put my money in it and leave the bank, but it isn't today.
November 20, 2019, 10:13:38 AM
There is no reason for me to close my bank because of those kind of reason. Why? Because my work requires me to have bank account on a specific one for me to get my salary. There's no significant difference if a bank would not support crypto currency yet.
November 20, 2019, 10:05:02 AM
Idk why some people there look bitcoin as one and great escape and without it we are all dead and etc.
Why do I have to close my bank accounts if it doesn't support cryptocurrencies? Maybe they don't care and just hang on crypto.
At first I would say that banks aren't against crypto. Why to be against it when it's beneficial for you? Finally we all convert bitcoin into usd or local currency, this gives banks a great possibility to make money from them.
Closing bank accounts from average Joes means nothing (don't take it wrongly) but closing bank accounts from serious businessman is a huge push for banks, understand this.
Why do I have to close my bank accounts if it doesn't support cryptocurrencies? Maybe they don't care and just hang on crypto.
At first I would say that banks aren't against crypto. Why to be against it when it's beneficial for you? Finally we all convert bitcoin into usd or local currency, this gives banks a great possibility to make money from them.
Closing bank accounts from average Joes means nothing (don't take it wrongly) but closing bank accounts from serious businessman is a huge push for banks, understand this.
November 20, 2019, 05:35:49 AM
Where I have my account I also have a pending loan and also it's the bank preferred by my employer.
So unless I change my job and I also get enough money to pay back my debts, the chances to leave that bank are slim.
And I hope that by the day my loan is paid, Bitcoin also gets recognised properly as a coin everywhere.
Why dislike with bank, I think bank is easy how to save our money and cash out when wee need cash money, for investing with bitcoin need bank deposit cash money to exchange bitcoin account, I think without bank we can't start investing with bitcoin and altcoin, how to deposit if bank close. I think bank never trying banned bitcoin and altcoin as legal currency but they only allow what government rule with bitcoin transaction. So unless I change my job and I also get enough money to pay back my debts, the chances to leave that bank are slim.
And I hope that by the day my loan is paid, Bitcoin also gets recognised properly as a coin everywhere.
November 20, 2019, 05:14:43 AM
Quote
We do not need Banks, because P2P conversion is possible without Banks, but it just makes things so much easier for people dealing with exchanges
Peer-to-peer (especially decentralized p2p) remains the best way to exchange money in crypto world.
"Easier" does not equal "better". I believe most of us already know why p2p is very important. This is one of the reasons we chose Bitcoin/cryptocurrency in the first place.
To be honest, once I find good, easy-to-use DEXes that work well on mobile phones, I will not use alots of platforms I use today.
November 20, 2019, 05:06:40 AM
I can't separated myself from banks account because i need them to stores my money, to made transactions use ATM or transactions directly through to banks so i think stay away from banks isn't good options for me and if someday they will against crypto then it will be difficult to be chosen because basically i still need both of them
November 20, 2019, 04:55:27 AM
I think I will not close my bank account. I need my bank account for now because it is where I store my fiat savings. I also need it for my payroll. Another thing is that banks are offering loans and credits for me. I cannot avoid but take those offers whenever the need arises. That is how important my bank account for now. But I prefer that my bank is crypto-friendly.
indeed the bank can still be used even though you already know bitcoin and other cryptocurrency but not many people have received payment using cryptocurrency so that today the bank still has a very high contribution for many people there are still many who use the bank, and indeed you shouldn't need to close your bank account. 
November 20, 2019, 04:44:29 AM
For as long as my bank will not ban me or freeze my account, I will not close them. But the moment they know that some of my funds are coming from crypto and they will stop me from doing transactions that are related to crypto, I will not think twice of withdrawing everything and close my account. But otherwise, I will not close them. I still need them after all.
November 20, 2019, 03:53:10 AM
For me banks still the best option to save your saving rather than cryptos wallet. Banks has it own insurance but cryptos doesnt yet have any insurance on it if anything happen to our cryptos. So im still thinking banks is still the best place to save your saving and cryptos just for a short term investment for me. Both are still the best place to make money and saving your money.
I opened an account 6 years ago to my current bank and it has an insurance, the benefits included is quite good and I will be entitled as long as I dont close my account to them. I cant tell their stance regarding crypto but if ever they are against it I still not close my bank account and switch to other for that reason.I need my bank to save my money and for other purposes like cash and housing loan (though it would be better if they are not against crypto). Moreover I dont see any problem everytime I cashout my btc using our local wallet directly to my bank account so I think they are not really against it (well atleast for now.).
November 20, 2019, 03:23:23 AM
I would say no. In the Philippines, most banks aren't adopting crypto and blockchain in their system. I'm just lucky and proud that my main bank, Unionbank of the Philippines, is the first in the country to have a regulated crypto ATM.
If in case one of my banks turned against crypto, there are still lots of banks out there for me to choose from. For now, banks are still useful when it comes to saving money. It's just that we don't have the control as everything is watched by their "Big Bro".
But right now, I choose to store all of my funds into Bitcoin, Ethereum and other cryptocurrencies and just less in banks.
If in case one of my banks turned against crypto, there are still lots of banks out there for me to choose from. For now, banks are still useful when it comes to saving money. It's just that we don't have the control as everything is watched by their "Big Bro".
But right now, I choose to store all of my funds into Bitcoin, Ethereum and other cryptocurrencies and just less in banks.
November 20, 2019, 02:14:39 AM
For me banks still the best option to save your saving rather than cryptos wallet. Banks has it own insurance but cryptos doesnt yet have any insurance on it if anything happen to our cryptos. So im still thinking banks is still the best place to save your saving and cryptos just for a short term investment for me. Both are still the best place to make money and saving your money.
Yes , threre is a lot of bank to choose from ,knowing one bank account that doesnt want bitcoin or against bitcoin is okay for me, I will transfer my funds to the other bank, Im sure not all the bank are against bitcoin and also I will convert my bitcoin to fiat if ever it will may happen so that my funds are safe and sound. 
November 19, 2019, 11:11:01 PM
We see a lot of these Banks that wants to sabotage Bitcoin and Crypto currencies by closing people's Bank accounts. When this happened in
What do you say? Please participate in the Poll.
What do you say? Please participate in the Poll.
if it really happened maybe I wouldn't do it because it was not an easy thing for me to close my financial bank account because now for me banking is still very important when I want to withdraw money with my bank account to provide snacks for children or my family to buy them equipment or daily necessities, it is logically impossible if I give snacks to my children by giving them bitcoin.
November 19, 2019, 10:53:27 PM
For me banks still the best option to save your saving rather than cryptos wallet. Banks has it own insurance but cryptos doesnt yet have any insurance on it if anything happen to our cryptos. So im still thinking banks is still the best place to save your saving and cryptos just for a short term investment for me. Both are still the best place to make money and saving your money.
Jump to: