Bank or Bitcoin Wallet? - page 111. | Bitcointalksearch.org

saiha

hero member

Activity: 840

Merit: 501

Strength in Numbers

Quote from: dezoel on May 25, 2016, 05:14:19 PM

Quote from: delliaerd on May 25, 2016, 04:58:32 PM

Quote from: fkvidar on May 25, 2016, 04:27:53 PM

I am using both of them at this stage as I think both are good and important to have at the time of emergencies, and both of them are taking best care of me.

Each bitcoin wallet and bank is very useful for us. You have right way when you use both of these. Because we can get more benefits and more profit .

If you have an option to use both of them then why to choose a single one, go for both of them and try to grab as much benefits as you can.

Yeah right, if you could choose both, why choose only one. If both of them can be useful to us, then let's choose and use both of them.
Both are good for storing are monetary funds, banks are secured for our fiat.
And wallets are also secured for storing our bitcoin.

DeDordtenaar

hero member

Activity: 518

Merit: 500

Quote from: romero121 on May 22, 2016, 05:21:23 AM

Now without doubt both were needed for several reasons. Bitcoin has never been so popular as a bank. Only people who have at least little knowledge can use bitcoin wallet. Bank can be used even by common men. People would change towards bitcoin if it grow equal to the banking sector.

bitcoin is not so necessary at this time there is no urgency to use bitcoin wallet for the general public? different from the bank
you use fiat currency for your main currency then you must use a bank to manage your finances.
as long as the fiat currency of the primary currency then the bank will always win against bitcoin wallet

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

Quote from: delliaerd on May 25, 2016, 04:58:32 PM

Quote from: fkvidar on May 25, 2016, 04:27:53 PM

I am using both of them at this stage as I think both are good and important to have at the time of emergencies, and both of them are taking best care of me.

Each bitcoin wallet and bank is very useful for us. You have right way when you use both of these. Because we can get more benefits and more profit .

If you have an option to use both of them then why to choose a single one, go for both of them and try to grab as much benefits as you can.

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: fkvidar on May 25, 2016, 04:27:53 PM

I am using both of them at this stage as I think both are good and important to have at the time of emergencies, and both of them are taking best care of me.

Each bitcoin wallet and bank is very useful for us. You have right way when you use both of these. Because we can get more benefits and more profit .

praprata

sr. member

Activity: 420

Merit: 250

The bank is way better than any bitcoin wallet in my eyes because if you have a problem you can go to the bank with wallets this is not the point at all.

fkvidar

hero member

Activity: 924

Merit: 1000

I am using both of them at this stage as I think both are good and important to have at the time of emergencies, and both of them are taking best care of me.

Superways

hero member

Activity: 826

Merit: 502

Quote from: Whosdaddy on May 25, 2016, 02:59:52 PM

Quote from: bestluck on May 25, 2016, 06:40:03 AM

Quote from: sirohige on May 24, 2016, 01:02:30 PM

in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Roll Eyes

Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo.
and xapo is not running like bank system as bank has big fees and xapo is , I think near to free.

In addition to what you said, wasn't Coinbase just recently been attacked? I mean, for Xapo having a two-factor aunthentication is a very good way of securing accounts (unless they themselves steal from the users, which is highly unlikely though).

The most better option for all of us is that, we will have to use desktop bitcoin wallet, it is more secure than any online wallet service like xapo or coinbase etc. with desktop wallet we will have full control over our coins and there will be no any fear of losing our money.

Wendigo

legendary

Activity: 2604

Merit: 1036

And how much did you pay in fees for that Payexchanger service? I didn't know about them till now so I decided to check out their fees and apparently to exchange 1 Bitcoin to Skrill you will lose 37$ and then I am guessing you have to pay again Skrill fees to get your cash out of there plus you need to pay ATM fees when you are withdrawing in your country. I wonder why you have gone through all that hassle when you could have just done a SEPA transfer to your bank account for a lot less in fees anyways. I guess you live in the European Union and this is maybe the cheapest way around to exchanging Bitcoin back to fiat.

BitcoinSupremo

copper member

Activity: 1442

Merit: 529

Desktop bitcoin wallet. I am having a lot of fun saving my bitcoins in electrum in Linux, once I need cash, I exchange them through Skrill via payexchanger which I just used today for second time and is going great, then withdraw from ATM. Its much better this way then holding your funds in a bank, but not many people can see the advantages until today, hope they read this and rethink their way of storing money

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: bestluck on May 25, 2016, 06:40:03 AM

Quote from: sirohige on May 24, 2016, 01:02:30 PM

in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Roll Eyes

Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo.
and xapo is not running like bank system as bank has big fees and xapo is , I think near to free.

In addition to what you said, wasn't Coinbase just recently been attacked? I mean, for Xapo having a two-factor aunthentication is a very good way of securing accounts (unless they themselves steal from the users, which is highly unlikely though).

Galiatram

sr. member

Activity: 350

Merit: 250

The banks will always be better then the bitcoin wallets the wallets from now are to easy to hack you know. There are allot of hackers going trough the bitcoin because he is new. Banks can also be hackd but your money is save

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: bestluck on May 25, 2016, 06:40:03 AM

Quote from: sirohige on May 24, 2016, 01:02:30 PM

in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Roll Eyes

Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo.
and xapo is not running like bank system as bank has big fees and xapo is , I think near to free.

So far two companies are doing good. And can you link some news or any related article about losing money on coinbase? If that is really happening proofs must be shown rather than to complain.

Both companies are registered legally so I don't think they will just go on with a big money. They can't enjoy it because they will be sued under the law.

HostSurf

full member

Activity: 224

Merit: 100

The best thing you could use is a normal bank account that is because dollars will always stay and never gone away instead of the bitcoin. The bitcoins are new so that they cant be trusted in online wallets so use banks.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

Quote from: Altynbekova on May 25, 2016, 07:56:41 AM

Quote from: JessicaSe on May 25, 2016, 06:14:33 AM

Quote from: relq on May 25, 2016, 04:33:56 AM

If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.

If you have huge amount of cash money then bank is the best option as it will also give you higher interests, bitcoin is good as if you save it can grow in future if price goes higher.

Yes with a lot of cash a bank its a bit better due to the fact that you can easily turn it into a bank, with the bitcoin is a little bit difficult due to the fact you need to transfer on a way more difficult way.

You could also try to put some in bitcoin and see which is more faster when it comes to profit. Banks got annual or semi annual interest and it takes a really long time before you will see a good number of interest.

Altynbekova

sr. member

Activity: 476

Merit: 250

Quote from: JessicaSe on May 25, 2016, 06:14:33 AM

Quote from: relq on May 25, 2016, 04:33:56 AM

If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.

If you have huge amount of cash money then bank is the best option as it will also give you higher interests, bitcoin is good as if you save it can grow in future if price goes higher.

Yes with a lot of cash a bank its a bit better due to the fact that you can easily turn it into a bank, with the bitcoin is a little bit difficult due to the fact you need to transfer on a way more difficult way.

bestluck

hero member

Activity: 658

Merit: 500

Quote from: sirohige on May 24, 2016, 01:02:30 PM

in fact now Xapo and coinbase running bitcoin wallet like bank system, we can acces our address, we can send and receive it and also xapo/coinbase can freeze our account Roll Eyes

Nowadays we do not have to bring xapo and coinbase at one level , as now xapo is more secure than coinbase, coinbase has a lot of issues and everyone is claiming that they are losing their money, so remain on xapo.
and xapo is not running like bank system as bank has big fees and xapo is , I think near to free.

Nowl1935

full member

Activity: 224

Merit: 100

I only have bitcoin wallet cause im at a minor age, i do not have bank account cause i do not have money to deposit their and they have many requirements before you make you own account, its very easy to make bitcoin wallet and some of the wallet dont need any requirements

JessicaSe

legendary

Activity: 840

Merit: 1000

Quote from: relq on May 25, 2016, 04:33:56 AM

If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.

If you have huge amount of cash money then bank is the best option as it will also give you higher interests, bitcoin is good as if you save it can grow in future if price goes higher.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: relq on May 25, 2016, 04:33:56 AM

If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.

Bank does their work for the routine life and Bitcoin can be for online and technology gain. and like what you said better choosing any one we can have both and work on that. In my opinion Both are correct on their side, Bitcoin is just like gold we can hold and keep it if it raise we will be happy even if it goes down we dont have problem...

relq

sr. member

Activity: 420

Merit: 250

If i have much money and for long term i pick Bank, because you can get profit and passive income from the interest. in the other hand, bitcoin wallet can provide this.

Topic: Bank or Bitcoin Wallet? - page 111. (Read 230520 times)