Post
Topic
Board Bitcoin Discussion
Re: Banking with your bitcoin
by
stompix
on 09/09/2017, 12:28:57 UTC
Well there are some banks who are allowing Bitcoin trade and accepting it, but not all will do one of the main reasons they won't accept is cause they can't risk being unlisted cause Bitcoin is not accepted as a legal currency. Even if your bank starts accepting it be careful if they are authorised, cause there are hardly any bank that can accept it.

Here we can withdraw bitcoins into your bank acc. But it goes through a company and they put it on your acc. It means they are 3rd party only. I do not know if it's bad and it affects my transaction. And I'm looking at what you can and you will not have any issues here so I think it can happen in other countries

How about you two name those "banks".
People are starting to lose common sense, they mistake banks with exchanges, they think that withdrawing money from bitstamp means a bank is accepting coins, having a bitcoin atm means there is a bank behind it and more and more stupid things like this.

as of now you can buy bitcoin in different bank, believe it or not bitcoin is so popular and bank see more potentials on it so there are banks that accept bitcoin deposit in you wallet address. If am not mistake Visa are accepting bitcoin deposit. also WB21 digital bank also accept bitcoin deposit Ref: https://www.business.com/articles/digital-bank-wb21-is-accepting-bitcoin-deposits/

also you can check news about bank accepting bitcoin in BITCOIN NEWS, Blockchain News and Coindesk.

Read the article?
https://www.wb21.com/WBPressRelease14.06.16/

 
Quote
As soon as they send bitcoin to our address, we credit the
value in the currency the customer has selected to their checking account. The funds are instantly
available on the account and can be sent out by wire transfers or spent with a WB21 Debit Card.
The process to convert bitcoin into cash on a bank account is the fastest I am aware of. For us the
acceptance of Bitcoin is a great way to support our global roll-out and improve customers fund
depositing experience.”


There is no bank that is accepting BTC right now.
And sincerely I don't see any reason why they should and why I would even think of depositing my coins there.

Why? Really. Name one reason I should send my coins from my encrypted wallet to an entity which can simply say, we need to lock them down.