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    Author Topic: So I told my banker about bitcoin  (Read 1595 times)
    Juggy777
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    February 26, 2019, 03:54:45 PM
     #121

    Banks don't want to incorporate crypto since it is still in its early adoption stage. There might be problem in the future if they carelessly accommodate it. Besides, crypto and banks are not necessarily on good terms. Lucky for you, your account didn't get terminated. From where I live, if you say your income is form cryptocurrency your bank account would be closed.

    Hey it's not just about early stage issue, they very well know Bitcoins is cheaper, secured and faster than their banks, they're scared it may effect their business. I have lots of foreign transactions, which I used to do via banks then used to pay them a hefty fee, but now I do it through Bitcoins and I pay very less fee. I have heard that too many banks close your account if you deal with cryptos, it's best not to disclose them to be on a safe side.
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