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    Author Topic: Will banks ever offer bitcoin deposits?  (Read 6417 times)

    • FlightyPouch
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    May 22, 2018, 02:55:15 PM
     #201
    Quote from: hujanderas on May 22, 2018, 03:57:29 AM
    cryptocurrency wants to end the banking system why banks embrace it? You really will kill yourself if you are a bank, decentralized cryptocurrency and centralized banks are at odds with each other.

    Using Bitcoin or other digital currencies will really make banks useless since with digital currencies, you can manage your own balances, your own digital currencies by yourself. You do not need other people to do that for you since you can do it myself, but there are still banks that embraces Bitcoin and other digital currencies. I think it is because of its great technology that can be used by them.
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  • burakdat
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    May 22, 2018, 02:59:05 PM
     #202
    Well it could be possible for small banks to accept bitcoin but not in deposits but it could be in exchange to fiat money. This banks are also doing some innovation on how to get along with the new trends of nowadays technology. So if bitcoin for them will be a good one to get involve with then creating a means for the crypto or bitcoin lovers for them to benefit also is an advantage.
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  • Red Fish
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    May 22, 2018, 03:14:59 PM
     #203
    Banks can also offer deposits in USD, EUR and so on. If banks will offer deposits in BTC, they convert them to USD, EUR and other currencies and then make their profit, so most probably they convert BTC deposits, so it is quite simple bank job.

  • yaghoniyu
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    May 22, 2018, 03:17:30 PM
     #204
    Quote from: shield132 on April 26, 2018, 03:20:04 PM
    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.

    If the government accept and legalize bitcoin, I think banks will ever offer bitcoin deposits. But maybe it will happen in the future, when bitcoin or crypto will dominate.

  • Sakash
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    May 22, 2018, 03:22:35 PM
     #205
    The bank will not deposit the bitcoin. Because the bank wants to earn more profits. If the bank deposits a bitcoin, then its profit will be reduced. There are many discrepancies between bitcoin and the bank.

  • jennygamilo
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    May 22, 2018, 03:24:28 PM
     #206
    I think no because bank hates bitcoin.

  • Aryadwipanggah
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    May 22, 2018, 03:25:44 PM
     #207
    I'm not sure banks will offer bitcoin deposits with a profit like deposits, because I see the instability factor of bitcoin prices make it a constraint for banks to determine profits for us every year such as deposits

  • rahul10948
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    May 22, 2018, 03:26:02 PM
     #208
    Not all the bank will start making deposit but may be few new startup banking main do...it's all depends on the regulation as bank work according to that

  • CryptoLoverz
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    May 22, 2018, 03:37:45 PM
     #209
    I think banks will not offer deposits using bitcoins. because the bitcoin value is very volatile whose price is surging due to demand and supply. I think banks would prefer to encourage people to deposit with money that has been recognized by the government. but if bitcoin is already adopted by the government, maybe the bank will do just that. everything can happen. but for the moment I have never heard that there are banks in my country that offer deposits using bitcoins.

  • uray
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    May 22, 2018, 03:38:41 PM
     #210
    Quote from: Ashong Salonga on April 26, 2018, 03:45:20 PM
    Every business needs to adapt to changes and challenges like this. Im pretty sure banks are already finding ways to join the bandwagon.they will surely profit from it. It would just be a matter of time until they accept bitcoin deposit and withdrawals.
    The business needs to update according to technological upgrade but that does not mean that banks must be involved in the crypto market and i am sure they will not accept bitcoin, it is specifically made to transact fiat currency and they are under government regulation and why would they want to accept it unless the government accepts bitcoin as a legal tender it is not going to happen.

  • Afobaje48
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    May 22, 2018, 03:41:02 PM
     #211
    Very soon bank will offer bitcoin deposit because it will soon be our soft currency

  • zhagedus
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    May 22, 2018, 03:42:49 PM
     #212
    To my candid opinion, no banks will adopt the Bitcoin deposit as it(Bitcoin) has been a treat to their system. Banks will rather accept other Altcoins than joining forces with Bitcoin for operation even though it will be profitable to the Banks.

  • sri11
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    May 22, 2018, 03:45:00 PM
     #213
    if the bank offers as it means the government in the country has legalized bitcoin because it already offers bitcoin deposit to the bank because we know the risky assets are bitcoin, if this will happen to be a profit for the parties bang and bank customers

  • Ngelieh@
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    May 22, 2018, 03:54:19 PM
     #214
    it is likely that if the bank is going to do so, the bitcoin development will shrink and it may happen to be a collector, because it is the bank that regulates what system is in bitcoin, starting from the virtual cash flow and transactions when the dollar values ​​soar. I strongly disagree with such case, let bitcoin run in accordance with the existing rules koredor, without under the auspices of other banks.

  • Alanpigi80
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    May 22, 2018, 08:25:05 PM
     #215
    It could be a nice chance for upgrade their services and give us more opportunities, maybe they will help some newbies with simple products. Obv they will earn the highest % of profits, it will be always wiser trading by ourselves, banks will be a safe spot for people that don't want to take risks

  • Rakabel619
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    May 22, 2018, 08:32:17 PM
     #216
    Hello. in my opinion, banks will never offer the opportunity to make a bitcoin account. bitcoin will always be an uncertain, no fixed value currency

  • Ahmed4200
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    May 22, 2018, 08:44:25 PM
     #217
    Yes I agree with you. The bank has a lot of profits as well as you have some benefits. But I think your own wallet at Bitcoin is more secure. Because the bank can be robbery, fraud, there are many other problems. But in your wallet but these things will not happen. Because we all know how safe it is?  Wink

  • DimensionsOfHell
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    May 22, 2018, 08:57:15 PM
     #218
    Yes, there is such an opportunity. This is another way to multiply your asset in the crypto currency - to make a deposit at interest. And if in your wallet there are a couple of Bitcoins lying around (or any other token) - this is a great opportunity to extract additional income from your investments.

  • BennyK
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    May 22, 2018, 09:06:22 PM
     #219
    The banks know for sure that Bitcoin offers much benefits and wish to tap this benefit if only they can gain access to control Bitcoin in their own way, however, this is the case the banks works as a centralized body whereas Bitcoin works on the principle of decentralization.

  • Dacosta Osei-Tutu
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    May 22, 2018, 09:08:37 PM
     #220
    That will not be a bad idea at all. When the banks realize they cant stop bitcoin anymore, all they will have to do is to join us
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