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Topic: Bank or Bitcoin Wallet? - page 156. (Read 230501 times)

legendary
Activity: 1946
Merit: 1137
January 25, 2016, 11:42:04 AM
at present day, i prefer banks to put most of money in. because i know that it will be safe and i get an annual profit each month.
but i like bitcoin as an investment which is making me more money. also i like to see a day that i can use my stored bitcoins to shop, either online or at any place outside.
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
January 25, 2016, 11:27:49 AM
well for me its safe if i dont use bank so  i will choose bitcoin wallet because you are anonymous and personal information that can retrieve from hackers.
And if you choose bank there is possibility to  trace you if where you from so your life be risky if you choose it..
hero member
Activity: 672
Merit: 500
January 25, 2016, 11:11:02 AM
Personally i use both, bank and wallet.
Till now there is a lot of needed marketplaces not using Bitcoin as payment processor, that's why we have to use the bank accounts sometimes
sr. member
Activity: 420
Merit: 250
January 25, 2016, 10:56:46 AM
I would choose bitcoin, its a risk but its worth the risk it has a high value and there is a big chance that the bitcoin will be more worth soon so you get more money. The interest at a bank nowadays is low.
sr. member
Activity: 406
Merit: 250
January 25, 2016, 10:48:09 AM
i would choose to use bitcoin wallet and have all my money as bitcoins though bitcoin price is really fluctuating so it would be a little bit risky i guess

But you can not always spend your money.

If you have money in the bank you can spend almost anywhere
legendary
Activity: 3122
Merit: 1398
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January 25, 2016, 10:32:01 AM
I would choose the bank, Bitcoin has to many risks its like gambling if its goes wrong you have nothing anymore if you use your bitcoin wallet as your bank.

I think that's wrong information, wallet is better than bank and you can use your wallet funds to make trades and deals online safely without publishing your personal data and infos as used with banks, and without paying extra huge amounts as transactions fees

You can't say wallet is better than bank and bank is better than wallet. Both has pros and cons.

You are just looking on one side. Try to look for other sides to make things become clearer to you.
hero member
Activity: 742
Merit: 500
January 25, 2016, 10:26:54 AM
I would choose the bank, Bitcoin has to many risks its like gambling if its goes wrong you have nothing anymore if you use your bitcoin wallet as your bank.

I think that's wrong information, wallet is better than bank and you can use your wallet funds to make trades and deals online safely without publishing your personal data and infos as used with banks, and without paying extra huge amounts as transactions fees
sr. member
Activity: 448
Merit: 250
January 25, 2016, 10:15:26 AM
I would choose the bank, Bitcoin has to many risks its like gambling if its goes wrong you have nothing anymore if you use your bitcoin wallet as your bank.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
January 25, 2016, 09:47:42 AM
Bitcoin wallet as the price is rising and you will earn more money compared to interest if your money was in a bank.

Bitcoin loans already earn you 5-6% weekly, while bank deposits earn you ~1% yearly. Thats a hard choice to make Cheesy
Bitcoin is pseudonymous which makes it an easy target for scammers. Bitcoin loans aren't that profitable if you factor in the loss due to defaults. There is little to no security with using Bitcoin lending sites. Most don't care about whether you get scammed or not. With banks, they approve the loans with background checks and pay their customers the promised APR. The only downside I see to this is that the money is essentially frozen till the end of the period.
legendary
Activity: 1596
Merit: 1011
January 25, 2016, 09:29:21 AM
Bitcoin wallet as the price is rising and you will earn more money compared to interest if your money was in a bank.
most of the bonus money from the bank is not large and very small. it is not comparable to what we invest. using bitcoin our funds can also be used to trade with ease. the bank can not make trades.
sr. member
Activity: 378
Merit: 250
January 25, 2016, 03:42:38 AM
Neither. I put my money in my closet. Nothing is safer than a safe safe. Smiley
Banks are crooks, wallets are not safe. Diversify your investments, so you don't face big financial problems.
So you keep all your money in your a safe. Gets robbed and loses everything. Just saying.
full member
Activity: 140
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
January 25, 2016, 03:13:37 AM
Bitcoin wallet as the price is rising and you will earn more money compared to interest if your money was in a bank.

Bitcoin loans already earn you 5-6% weekly, while bank deposits earn you ~1% yearly. Thats a hard choice to make Cheesy

There are too many scams in the bitcoin loan business. This is not a safe business at the moment. If you include the loss due to scam, the interest rate might be lower.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
January 23, 2016, 08:56:40 PM
Bitcoin wallet as the price is rising and you will earn more money compared to interest if your money was in a bank.

Bitcoin loans already earn you 5-6% weekly, while bank deposits earn you ~1% yearly. Thats a hard choice to make Cheesy
sr. member
Activity: 378
Merit: 250
January 23, 2016, 08:34:57 PM
Bitcoin wallet as the price is rising and you will earn more money compared to interest if your money was in a bank.
hero member
Activity: 546
Merit: 500
January 23, 2016, 08:12:29 PM
Today I will vote for my bank account. it's needed to pay the bills.
But if bitcoin keeps on evolving i am sure bitcoin will be may favourite in a few years.
member
Activity: 110
Merit: 10
January 23, 2016, 07:30:33 PM
Personally i use both till now, but i prefer to use Bitcoin online, to make trades and deals.
Offline the bitcoin's not yet used like fiat so we are forced to use the banks
sr. member
Activity: 406
Merit: 250
January 23, 2016, 06:35:55 PM
i would actually choose to use the bitcoin wallet better than the banks, i think that bitcoin wallet is way more safe and your money will not be lost as you are your own bank with bitcoin wallet
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
January 23, 2016, 06:03:47 PM
i would choose bitcoin wallet instead of bank, if you deposit your money into a bank you actually dont have it its just numbers, and if your coins are in your wallet then its yours and no one can take it from you
Hackers could try, but if you keep it very safe and disciplined then it's safe.

People who have full bitcoin wallets on their PC should not surf randomly on the net,especially not clicking on shortened url's, and should not open unknown e-mail attachments.

That should reduce your risk of being e-robbed.
hero member
Activity: 742
Merit: 500
January 23, 2016, 02:34:19 PM
i would choose bitcoin wallet instead of bank, if you deposit your money into a bank you actually dont have it its just numbers, and if your coins are in your wallet then its yours and no one can take it from you

I prefer the wallet also, but not because of your reason, i think it's wrong reason, because even with your bank account it's possible to use your money any time and it's for real your owned money, you can withdraw it or just make deals and trades simply
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
January 23, 2016, 01:47:29 PM
of course bitcoin, because banks are slow when want to send or receiving payments from one bank to the other.
lol
question in my mind. if you have a bank account?
it seems you never send money between bank accounts to other banks
same as bitcoin, when you send money to your friend with the bank, at that moment, your money sent to your friend's account


But in Bitcoins, you don't need to "Add Beneficiary's account" or no need to go outside to a Bank to deposit, you just need to have the address and you are done, that too with least fee... Wink

If the block size is limited to 1MB and there are more transactions, you have to wait long time or pay much higher fees.

Much higher fees, seriously???
You only need to pay 8 cents based on current price of BTC, even if BTC reaches $4k, you will only be paying 80 cents which is far better than paying 100s of bucks for wire transfers...
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