Bank or Bitcoin Wallet? - page 138. | Bitcointalksearch.org

randy8777

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Quote from: kartaggen on March 06, 2016, 08:02:32 AM

I will choose bank as I think still banks are much safer then bitcoin wallet, no doubt bank have control on my money but If my bank account gets hacked or I loose money, bank will surely help in recovering my money, and if I loose my bitcoins from bitcoin wallet, I loose everything.

banks will insure you a certain amount if something happens with the banks due to the bad economy for example. if you have $1 million in funds and the banks goes bankrupt, only 10-20% of your money will be secured. it's definitely not safer than bitcoin. as long as you don't click on shady links or download bad stuff, your computer won't get infected and you bitcoins will remain very safe.

Oscoda

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Quote from: steveds on March 06, 2016, 07:59:01 AM

Quote from: Imoote on March 06, 2016, 02:51:48 AM

Bitcoin is the same and the same bank must be vigilant when we save money in both page because we could lose money.

I don't think you could lose money or your savings in your bank ? if you are storing in a bank which is unregistered ,controlled by a smuggler then its a different story.

Quote from: Imoote on March 06, 2016, 02:51:48 AM

And I think if we lose money in the bank we can hold accountable, in contrast with bitcoin that if we lose money we could not ask for accountability.

Yes ,If you lose anything or got your account hacked then you get an option to charge back.But nothing if you use bitcoin wallet.

Yes you are right, but think about this, its in most cases your own fault that you are getting hacked so think about that.
Also the fact the bitcoin has a better security it will not happen in most cases, people should just look more at the point of security.

kartaggen

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I will choose bank as I think still banks are much safer then bitcoin wallet, no doubt bank have control on my money but If my bank account gets hacked or I loose money, bank will surely help in recovering my money, and if I loose my bitcoins from bitcoin wallet, I loose everything.

steveds

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Quote from: Imoote on March 06, 2016, 02:51:48 AM

Bitcoin is the same and the same bank must be vigilant when we save money in both page because we could lose money.

I don't think you could lose money or your savings in your bank ? if you are storing in a bank which is unregistered ,controlled by a smuggler then its a different story.

Quote from: Imoote on March 06, 2016, 02:51:48 AM

And I think if we lose money in the bank we can hold accountable, in contrast with bitcoin that if we lose money we could not ask for accountability.

Yes ,If you lose anything or got your account hacked then you get an option to charge back.But nothing if you use bitcoin wallet.

Imoote

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Quote from: MyBTT on March 05, 2016, 05:44:41 PM

Quote from: Bitcotalk on March 05, 2016, 05:13:56 PM

Bitcoin walllet is more secure as we will be protected from the bank fees which are much high and other taxes which comes on us. and also if banks claim to pay us profit, they pay us a much least fraction of the profit they earn with our money kept with them. They do business with it and give us much less. with bitcoin we can keep our money secure with us and can do business ourselves.

It is not really more secure compared to a bank. I would say that they are about the same. But I still prefer Bitcoin wallet over bank.

Bitcoin is the same and the same bank must be vigilant when we save money in both page because we could lose money. So we still have to save money with caution. And I think if we lose money in the bank we can hold accountable, in contrast with bitcoin that if we lose money we could not ask for accountability.

MyBTT

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Quote from: Bitcotalk on March 05, 2016, 05:13:56 PM

Bitcoin walllet is more secure as we will be protected from the bank fees which are much high and other taxes which comes on us. and also if banks claim to pay us profit, they pay us a much least fraction of the profit they earn with our money kept with them. They do business with it and give us much less. with bitcoin we can keep our money secure with us and can do business ourselves.

It is not really more secure compared to a bank. I would say that they are about the same. But I still prefer Bitcoin wallet over bank.

Bitcotalk

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Bitcoin walllet is more secure as we will be protected from the bank fees which are much high and other taxes which comes on us. and also if banks claim to pay us profit, they pay us a much least fraction of the profit they earn with our money kept with them. They do business with it and give us much less. with bitcoin we can keep our money secure with us and can do business ourselves.

blackmachinegun

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Quote from: martinacar on March 03, 2016, 11:03:51 AM

I would choose for the bitcoin wallet its way better, also due to the fact is much safer and you can control your money by yourself.
I think the wallet is one of the best storage for currency you can use for sure.

bitcoin wallet is certainly very safe. but people will not take the risk to save in bitcoin wallet. because they have to convert all of the money in advance to bitcoin. to be able to save in bitcoin wallet. they know that the fluctuations would be very dangerous. so bank more prefer

Hellacopter

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Already we need banks and wallets nowadays, because it's not possible to pay some bills or purchase some needed items online using bitcoin, and in the other hand we support the Bitcoin's currency so we still using wallets

nejibens

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both, you cannot store satoshi in a bank, and you cannot store paper money on a bitcoin wallet so use both depend on the circumstance cheers

Pk880058

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Quote from: Ryananda on March 05, 2016, 12:04:46 AM

Quote from: agustina2 on March 04, 2016, 09:02:00 AM

Quote from: knowhow on March 04, 2016, 08:41:23 AM

Well recently i had lost as i know some bitcoins my computer disk burned and i havent the key to recover the wallet,i dont know if without those credentials we can recover the wallet, i didnt made backup and even used those words to a future problem.But that is one thing i know that could happend and i werent expect to happen to me for sure,bitcoin wallets much more safe thank banks,the only thing we need to do is use the information and store the information out of pc .Banks accounts can be stolen and hacked and well they arent soo safe as some people thinks they are.

All money can stolen, but in the case of loss money in banks e.g. robbery, they will cover the lost. And besides who client will choose a bank that has no standard in such security and really a big banks.

Back in your post, I think that is happened long time ago now and now knows some of the security measures today.

That's right I think in this case the security must be improved for the convenience of users. The risk of loss is in bitcoin as if lost we would not be able to get a return, but in the bank if the money we lost they guarantee.

It is true that Some Features which Bank have that Bitcoin dont have like Security features , but in Bitcoin if you are choosing the high security then if lost cannot be recovered, but in bank if you have lost your details , you can just give your documents and recover back your account,

In this case it is clear that both are required in their field, Bank also wanted to do daily live works, and bitcoin wallet is more secure for online transactions. I would prefer both option in life,

Hganz11

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wallet due to banks being able to freeze and government corrption

DeDordtenaar

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Quote from: agustina2 on March 04, 2016, 07:48:48 AM

If you lose your bitcoin because of your self carelessness, that coins will lose forever and there's no way it will back to you.

If you also send some money in a wrong address, say goodbye to the coins too. Bitcoin transactions is irreversible.

Please keep that in mind bitcoin lovers.

yeah because bitcoin is decentralization. so no company would take responsibility if you lose money or something. all the responsible use bitcoin wallet in you

Ryananda

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Quote from: agustina2 on March 04, 2016, 09:02:00 AM

Quote from: knowhow on March 04, 2016, 08:41:23 AM

Well recently i had lost as i know some bitcoins my computer disk burned and i havent the key to recover the wallet,i dont know if without those credentials we can recover the wallet, i didnt made backup and even used those words to a future problem.But that is one thing i know that could happend and i werent expect to happen to me for sure,bitcoin wallets much more safe thank banks,the only thing we need to do is use the information and store the information out of pc .Banks accounts can be stolen and hacked and well they arent soo safe as some people thinks they are.

All money can stolen, but in the case of loss money in banks e.g. robbery, they will cover the lost. And besides who client will choose a bank that has no standard in such security and really a big banks.

Back in your post, I think that is happened long time ago now and now knows some of the security measures today.

That's right I think in this case the security must be improved for the convenience of users. The risk of loss is in bitcoin as if lost we would not be able to get a return, but in the bank if the money we lost they guarantee.

agustina2

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Quote from: knowhow on March 04, 2016, 08:41:23 AM

Well recently i had lost as i know some bitcoins my computer disk burned and i havent the key to recover the wallet,i dont know if without those credentials we can recover the wallet, i didnt made backup and even used those words to a future problem.But that is one thing i know that could happend and i werent expect to happen to me for sure,bitcoin wallets much more safe thank banks,the only thing we need to do is use the information and store the information out of pc .Banks accounts can be stolen and hacked and well they arent soo safe as some people thinks they are.

All money can stolen, but in the case of loss money in banks e.g. robbery, they will cover the lost. And besides who client will choose a bank that has no standard in such security and really a big banks.

Back in your post, I think that is happened long time ago now and now knows some of the security measures today.

knowhow

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Well recently i had lost as i know some bitcoins my computer disk burned and i havent the key to recover the wallet,i dont know if without those credentials we can recover the wallet, i didnt made backup and even used those words to a future problem.But that is one thing i know that could happend and i werent expect to happen to me for sure,bitcoin wallets much more safe thank banks,the only thing we need to do is use the information and store the information out of pc .Banks accounts can be stolen and hacked and well they arent soo safe as some people thinks they are.

agustina2

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Activity: 2436

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If you lose your bitcoin because of your self carelessness, that coins will lose forever and there's no way it will back to you.

If you also send some money in a wrong address, say goodbye to the coins too. Bitcoin transactions is irreversible.

Please keep that in mind bitcoin lovers.

Sengoko

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A bank accepting bitcoin is too much to ask for now since bitcoin is an anonymous currency and I doubt a bank can accept something like that in this current financial system, also a bank would mean a degree of centralization which is not something people in bitcoin like completely.

ajun96

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Quote from: dragonusa9 on March 03, 2016, 01:36:16 PM

Quote from: martinacar on March 03, 2016, 11:03:51 AM

I would choose for the bitcoin wallet its way better, also due to the fact is much safer and you can control your money by yourself.
I think the wallet is one of the best storage for currency you can use for sure.

and what are you using? cold or hot wallet?
wallet can be best storage, but it can't guaranteed you to recover if something happened into your wallet
but bank have this features that wallet not

bank will be responsible if they made self mistake, but if it was a mistake in you and you make your money stolen. bank certainly will not pay you back. unless the money was still in bank account of hackers. bank maybe refund your money.
better use bitcoin wallet

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: Bitcoinbro on March 03, 2016, 03:47:41 PM

Quote from: CryptoBjorn on March 03, 2016, 03:38:29 PM

Many people that use Bitcoin is of course using Bitcoin. And I hope that more people will also use the Bitcoin Wallets
It is very good to use and that is very good. But some people dont trust it, they think it is unsafe or something.

Well I think the bitcoin is even safer than the whole bank system, people are controlling your money and that is just feeling right if you ask me.
I choose bitcoin wallets over the bank because its more safer/faster and I also like the bitcoin itself very much.

Only if you hold the priv keys too, otherwise any online wallet is just like a bank and they can run away with your money anytime.

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