Post
Topic
Board Bitcoin Discussion
Re: chances of bank closing account if you buy bitcoin
by
kryptqnick
on 30/04/2021, 17:17:02 UTC
What are the chances of a bank closing your account if you buy bitcoin? i have heard people say they closed down their bank account for buying bitcoin, but this might have been a few years ago. he only said they closed his account, there is no chance of them taking all the money in your account, correct?
I think it really depends on the country, like others mentioned, but also maybe on the bank as well. In my country, cryptos aren't regulated officially and the overall attitude to them is favorable (it's just that the Parliament cannot work out the details of how to treat them, but the ban is totally out of question). So buying or selling cryptos and using a bank account doesn't raise suspicions (perhaps it does if the sums are big, but then the authorities would just be interested where big sums of money come from, but not whether they're in cryptos or fiat). If things are worse in this respect in your country, I wouldn't risk it. If your country has various banks with different policies, perhaps you should google which banks are okay with cryptos because it can also be that some banks are against cryptos whereas others are fine with them.