Topic: You Can Now Keep Your Bitcoins In A Bank - page 7. (Read 21728 times)
Only banks in some countries accept bitcoin as storage. This is good news because, with the receipt of bitcoin in the bank, the data of the bitcoin users can be known by the government so that the tax rules and others are clear.
The idea is certainly interesting, not the fact that a good one. But the essence of cryptocurrency is that you yourself are a bank. That is, to keep their bitcoins with them and still pay for it? What's the point of this? 
I would rather to keep my bitcoin on my own cold storage wallet which is electrum or Nano ledger rather than a bank. There's a tendency in the near future once you put your bitcoin in bank they can hold your Bitcoin. Because, they are centralized while bitcoin was not instead it is
decentralized, I don't know if some of you would agree with me.
I think all exchange sites are also centralized right? so are some online wallets? I don't think it's a problem as long as the security is decentralized, I don't know if some of you would agree with me.
guaranteed right? after all when you keep it in the bank. your coins will grow because of interest
storing bitcoin in the bank for me is still not safe, I myself prefer to keep my bitcoin in my wallet, so I also find it easier to use it. than I keep in the bank.
This is good news, but I have a bad experience with Citibank, I am not too interested in entering the crypto world, if they are successful, they will try to monopolize, and Bitcoin is created to avoid the banking system and patterns.
That's good, but your holding on a centralized platform makes the service un-anonymous. This will let the government know who has got cryptocurrency in their portfolio. Particularly this will be good for countries accepting bitcoin, and it isn't good for the people in the country where cryptocurrency isn't given legal rights for usage by the government.
When it comes to bitcoin you are your own bank. No bank is needed for your bitcoin to be safe. I see it as being risky, the bank will now know the amount of bitcoin you possess and there will be some restrictions, terms and conditions in the process.
i think if bank want to be safe place to keep our bitcoin they have to open their own exchange.only it is the chance for bank to open service saving bitcoin for their customer.
I thought, I would save my bitcoin not at the bank, I would rather keep my bitcoin in my personal wallet, so I thought it was safer than I had to keep it in the bank.
When it comes to bitcoin you are your own bank. No bank is needed for your bitcoin to be safe. I see it as being risky, the bank will now know the amount of bitcoin you possess and there will be some restrictions, terms and conditions in the process.
i think if bank want to be safe place to keep our bitcoin they have to open their own exchange.only it is the chance for bank to open service saving bitcoin for their customer.
this is very good !
When it comes to bitcoin you are your own bank. No bank is needed for your bitcoin to be safe. I see it as being risky, the bank will now know the amount of bitcoin you possess and there will be some restrictions, terms and conditions in the process.
Its actually a win win situation for both parties when we send money to the bank, it means also that we give the control to the bank, which then loses the decentralization of the bitcoin but in positive way bitcoin will be known globally and will make sure that your coins are all secured, you can also manage and control your bitcoin yourself in your wallet without having to provide any information to a third party in the near future.
why should we put our crypto in bank? so that bank can issue IOU and inflate the market again with bitcoin? what bank going to do if the market hitting bubble? Plus, putting it in bank defeat the very purpose of bitcoin creation.
Better it is not to put bitcoin in banks until bitcoin banks are not formed. There are so many banks who play enemy game with bitcoin. And if you contact them unfortunately and put your bitcoin there, they would do bad with them. You should wait for some good options where government itself is providing safe security to bitcoin in form of banks or merchandise.
For me, i rather keep my bitcoin and other crypto assets in my own digital wallet because if you keep your bitcoin in bank, i believe there will be bank charge for that and i am not into giving any money for that stuff. So why not keep it for your own?
It is interesting to see the new financial instruments being created around bitcoin, but I do not really see the point of a service like that, bitcoin allow us to be our own bank so that service offered by banks is going to be made redundant, why will anyone want to store their coins in a bank that can easily steal your coins if that is what they wish to do.
you know if you can save your asset by yourself. as long as you not going to be scammed by people.
im afraid if this way is the one of the other ways of government to touch bitcoin.
if you put your coin in bank, it make more risk. many people try to hack exchanger, than bank will be the second target for them.
im afraid if this way is the one of the other ways of government to touch bitcoin.
if you put your coin in bank, it make more risk. many people try to hack exchanger, than bank will be the second target for them.
I would rather to keep my bitcoin on my own cold storage wallet which is electrum or Nano ledger rather than a bank. There's a tendency in the near future once you put your bitcoin in bank they can hold your Bitcoin. Because, they are centralized while bitcoin was not instead it is
decentralized, I don't know if some of you would agree with me.
decentralized, I don't know if some of you would agree with me.
Dont worry i agree with you because that is also im doing right now . i only stored my cash in bitcoin rather than a traditional bank because im afraid that my money could be put on hold ( like what you said above ) and the worst thing that could happen is what if the banks will become bankrupt and they wont give any refunds to your money since they already loose it all in illegal business .
Anyways , My money is safe in the form of bitcoin and im also earning a huge percent of interest as long as the market will be in good mood .
At present, Bitcoin Bank is too advanced, and it is basically the same as a bank with a common currency. But this is at least a good news. But I won't go to the bank to save my bitcoin. The core of the future banking industry is the intermediary, not the people who manage Bitcoin.
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