A place that holds your currency and keeps it safe.
Questions tagged [banks]
77 questions
35
votes
6 answers
What would a country adopting Bitcoins as official currency have to reinvent?
Let's say that a country decided to ditch their currency and go for Bitcoins. What would this country have to reinvent. The reason why I ask, is because I believe that if a tiny country was to adopt Bitcoins as their official currency, then this…
David
- 3,444
- 2
- 27
- 37
35
votes
9 answers
Is there a Bitcoin bank, which gives interest on my deposit?
Is there any Bitcoin bank I can place my Bitcoins in that will give me a decent interest rate. It should be at least 1% for it to be worth it.
David
- 3,444
- 2
- 27
- 37
15
votes
5 answers
How can I convert bitcoins to Indian rupees and vice-versa?
How can I convert bitcoins into Indian rupees (INR) and get them in paper rupee notes?
Vasuki
- 151
- 1
- 1
- 3
15
votes
2 answers
Why do so many bitcoin exchanges have their bank accounts closed and have problems establishing bank accounts?
I find it really strange that it happens that so many Bitcoin exchanges have their bank accounts closed.
Outside of the Bitcoin world, I find it very unusual to have a bank account closed, for a reason other than inactivity. The only case I remember…
ria
- 702
- 4
- 16
15
votes
5 answers
How would interest and fractional reserve banking work in a limited money supply?
Suppose Bitcoin lenders (banks, creditors, investors) issue loans with interest. As the total supply of bitcoins approaches the 21M ceiling, the total amount owed in outstanding interest will exceed the money supply.
This is the same as existing…
Andrew Vit
- 545
- 2
- 8
14
votes
9 answers
How can I sell bitcoins and transfer the funds to my bank account?
A friend of mine gave me two bitcoins which I now want to sell. I don't understand the process which would enable me send the funds generated to my bank account.
dom.
- 141
- 1
- 1
- 3
11
votes
7 answers
Can I buy stocks with Bitcoin?
I have got some USD balance with a Bitcoin exchange. I intend to buy stocks for these USDs. Is there an online broker that accepts Bitcoin as a deposit option for stock market trading? I mean the usual stock market where items like Google, Microsoft…
Kozuch
- 1,022
- 3
- 11
- 27
10
votes
2 answers
Why do both Mt. Gox and Intersango use Polish banks?
Since their previous France and UK accounts were closed, both Mt. Gox and Intersango set up accounts in Poland.
Is there a specific reason why they chose Poland?
o0'.
- 5,240
- 6
- 38
- 66
10
votes
2 answers
Is there a solid "Bitcoin Bank" yet?
Once MyBitcoin was thought to be a "solid bitcoin bank". Then it was hacked and a lot of people lost a lot of money there.
Is there another, secure alternative for storing Bitcoins except storing them on your own computer?
(Obviously correctly…
ripper234
- 26,452
- 30
- 111
- 246
9
votes
2 answers
Why are banks and other centralized entities interested in block chains?
Apparently banks and other centrialized entities are interested in block chain technology. My question is, why?
The whole point of block chains is for decentralized, trustless, consensus. Bitcoin, for example, uses Blockchain to reach consensus on…
PyRulez
- 369
- 1
- 9
8
votes
3 answers
What is the cheapest Cash-to-Bitcoin Service?
There seems to be a few services to purchase bitcoins from out there, as in bitinstant, MtGox, bitcoin.de, etc.
I would like to know if someone has looked around to find the one with the cheapest transaction fees for buying/selling bitcoins.
Manuel Schweigert
- 183
- 1
- 1
- 5
8
votes
5 answers
Should fractional reserve banking be prohibited through the bitcoin protocol or otherwise, and how could such a change be implemented?
There's a massive macroeconomic debate between Keynesians, who want central banks to control the money supply, and Austrians who want no central banks doing any such thing--or at least competing currencies which provide an alternative to central…
Ocaasi
- 89
- 2
8
votes
2 answers
How untraceable is Bitcoin?
Are Bitcoins truly untraceable or only pseudonymous to certain extents?
janniks
- 195
- 1
- 1
- 7
8
votes
6 answers
Why there's no bank or institution lending Bitcoins?
To the best of my knowledge, there's no bank lending in bitcoins, yet, which surprises me. Now that Bitcoin has stabilized to circa USD $100, I think it could be reasonable for an institution to start lending in this currency. By using Bitcoins…
Joe Pineda
- 2,118
- 2
- 18
- 28
7
votes
4 answers
Bitcoin-friendly Bank
As is well known many Bitcoin businesses and in particular exchanges have had a lot of trouble working with banks. Are there any banks that are explicitly Bitcoin-friendly?
Kinnard Hockenhull
- 2,423
- 3
- 26
- 36