Questions tagged [banks]

A place that holds your currency and keeps it safe.

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3
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2answers
685 views

Strategies against Bitcoin

With the recent increase in articles about the threat of Bitcoin vs central banks, government and other authorities over the money supply, I am wondering how well authorities are prepared and actively ...
0
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2answers
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Where Bitcoin is kept and what fees are included when liquidating Bitcoin

I have small question, where does bitcoin "banks" keep money you pay them for bitcoins? do they keep it in some kinda bank ? and when we sell bitcoins to dollars what fee do we pay?
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1answer
544 views

When transferring money between a bank and bitcoin exchanges, might the bank suspend my account?

I'm based in the UK and am worried that my UK bank might have a problem with me transferring money to or from a bitcoin exchange, for example, Mt Gox. I know that Paypal will suspend an account if it'...
6
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3answers
380 views

What are the qualities of a country that might make it more or less likely to freely allow Bitcoins or crypto-currencies?

As some examples which seem logical to me, but should only be taken as examples: A government that is susceptible to commercial lobbying is probably more likely to be pressured by banks to disallow ...
7
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4answers
2k views

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?
8
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5answers
1k views

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 ...
4
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1answer
297 views

Could there be a “run” on Mt Gox? Does Mt Gox use my balance for other purposes behind the scenes?

It's conceivable that Mt Gox would re-use the outstanding balances (USD or otherwise) in other investments (BTC or otherwise). How much liquidity does Mt Gox have in BTC and Fiat dollars in case a ...
1
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2answers
6k views

How to cash out E*Trade stocks (transfer funds from US to the EU) with Bitcoins?

My company has an employee stock purchase plan with etrade.com, but as I'm in Europe, I thought I could sell the stocks and save the bank transfer fees by using bitcoins. You can sell the stocks ...
1
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1answer
50 views

Is access to mining the only obstacle to centralised bitcoin-like currency?

Considering the value of bitcoin beside dollars there seems to be so many applications where a centralised bitcoin-like system may be ideal for internal accountancy and transfers, especially among ...
6
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2answers
659 views

How is a Ripple gateway different than a conventional bank?

Everything I've read so far suggests that a Ripple "gateway" is just like a bank. How is it different than a conventional bank? Is it possible to have a bank of banks (central bank) in Ripple?
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2answers
5k views

Who are the owners of the Central Banks in Europe [closed]

(not sure where to ask about this, since there seems to be no generic finance forum in stackexchange). I am trying to find out who are the owners of the european central banks. I do not mean the ...
-5
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2answers
325 views

How can someone participate in Bitcoin reliably without a bank account? [closed]

If banks are what one wants to escape, as the banking system is corrupt. Therefore seeking an alternative currency, aka Bitcoin. How do you detach your life from the bankers? How is Bitcoin private? ...
6
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4answers
8k views

How do I transfer funds from India to an exchange?

I want to buy a few Bitcoins using my bank account/ credit card from here in India. How do I do that? MtGox has an option to do wire transfer. Is it the only way to do it? If I transfer $1000, how ...
11
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2answers
2k views

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?
6
votes
1answer
366 views

Pass-through bank account, that transfers everything to your wallet

Now you can buy everything worldwide with https://all4btc.com/ (former https://bitspend.net/ ) It would be nice to get money now also only in bitcoins. I would like to configure a bank account in ...
3
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4answers
1k views

If you trade with bitcoins, how do you manage to “explain” anti-laundering authorities the money-in & money-out?

When trading with bitcoins using mtgox, or bitcoin-24, or bitcoin.de, you will have in your account many transfers of money, to many people and from many people. In europe if the sum of the ...
8
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3answers
11k views

What is the cheapest Cash-to-Bitcoin Service? [closed]

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 ...
1
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1answer
289 views

Why is bitcoin better than other electronic banking, like Dwolla or Paypal?

Why is bitcoin better than Dwolla or Paypal?
5
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2answers
2k views

Setting up a coinbase like service in India , need suggestions

I have read and researched extensively on bitcoin, but I haven't found any service like coinbase that allows a user to buy or sell bitcoins online without having a US bank account. So how can one ...
5
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2answers
634 views

Can Ripple gateways operate as fully transparent fractional reserve banks?

Any Ripple gateway that establishes a solid reputation will be tempted to switch to fractional reserve issuance of its own IOUs to increase leverage (which is exactly what the existing comercial banks ...
1
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2answers
217 views

Can a bitcoin bank solve the problem of intensive value fluctuation caused by hoarding?

Let's assume a bank dealing in bitcoins is not any central of government bank that could control the money supply. Instead, let's say there was a bank where the people would deposit money at some ...
1
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0answers
228 views

Zero Percent Interest Nonresident Free (Online?) Euro Checking Account with Good Service for Cashing out Bitcoins?

You can cash out bitcoins the cheapest way in Euros, right? I'm from the EU but my country is not in the eurozone, so that's why I need a convenient nonresident euro account. I'm looking for the ...
10
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2answers
995 views

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 ...
4
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3answers
828 views

What are the advantages of sharing money in hosted e-wallet services?

I was a little bit shocked to learn that many (if not all) hosted e-Wallet providers combine their customers money in the hosts account, instead of just providing a service for easy access and storing ...
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2answers
83 views

A different question about a kind of use [closed]

Imagine I want to change the formula of transactions between a group of people who want to use this money in this way: "Everyone will have a maximun quantity of money to waste in the month, and ...
4
votes
1answer
1k views

What is the story behind MtGox and their French bank?

MtGox has their French bank account closed last year, as the bank stated they aren't legally allowed to undertake the activities they were doing in regards to trading Bitcoins. There have been a few ...
0
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2answers
283 views

Are there any bitcoin banks (online services) and what are the benefits and pitfalls of using them? [duplicate]

Possible Duplicate: Is there a solid "Bitcoin Bank" yet? Say that I wish to control my bitcoins from a (for me) single point and I don't have the technical resources to have a single ...

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