~snip.
For ATM withdrawals, there is definitely a daily limit given by the Bank and it depends on what type of card you hold. Especially in my country, the types of ATM cards are different and the amount of withdrawals that can be withdrawn in 24 hours varies. But if the withdrawal is made at their teller, the amount is unlimited and can be done as the account owner wishes.
Many people will complain that they feel uncomfortable every time they go to withdraw money because bank staff have to ask them to verify personal information when it is their money. If they do not do this and there is theft, and our property is lost, who will be responsible?
Or some people are unhappy when the bank charges fees but people forget one thing: the bank is doing business, not a charity fund. They establish businesses and provide services for us to use, they have the right to charge fees if we want to use their services. They don't force us to open an account or deposit money for them if we don't feel satisfied with the rules they set.
Meanwhile, we still have to pay transaction fees for each bitcoin transaction but no one complains. We should be fair with everything, we need to make objective comparisons, don't just badmouth everything else just for the sake of exaggerating bitcoin because that doesn't make bitcoin better.
~snip
If we want to be honest, banks are still quite needed as a necessary step, especially for those who are business people or people involved in sending money between countries. We can see how large a percentage of people now use transactions through banks even though there are now many services that provide money transfers. People trust banks more because they have legality from the government even though there are systems and weaknesses in them.
Bitcoin is an alternative for users because we are aware that it is impossible to use the banking system to store value because of the nature of money which depreciates day by day. So as long as we can get benefits, then pursue bitcoin as an investment step by saving its assets and there is no need to compare bitcoin with the banking system.
Is there anyone here who doesn't use and eliminate banks from their lives? I guess no one, not even the OP. We don't need to compare as we can use both and make use of them as both can be used for different use cases.
