Bank or Bitcoin Wallet? - page 161. | Bitcointalksearch.org

prtty2gal2

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Quote from: greBit on January 15, 2016, 01:30:13 PM

Quote from: Dux2K on January 15, 2016, 11:50:38 AM

Both saver that way
I plan to order btc card and then im in full

btc wallet is more reliable than banks, because they don't charge taxes or interests, in btc wallet you are always in control plus you have the option to cash out any time no matter how good or bad the market maybe.

Yes now Bitcoin wallet is nothing but my bank account.
There are no glitch in bitcoin wallet compared to any of my bank account. There are always problems in my bank account like so many penalties for not maintaining minimum balance kind of things.

xdrpx

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I prefer both. My bank earns me considerable amount of interest on my savings and term deposits so I prefer it as a more non-volatile investment. Apart from which, I also like to store some amount of Bitcoins that I can afford to lose in my Bitcoin wallet.

HarHarHar9965

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Quote from: Dux2K on January 15, 2016, 11:50:38 AM

Both saver that way
I plan to order btc card and then im in full

Find e-coin bitcoin debit card dude. Its much useful. Even I am having the same. You can use it anywhere. My opinion is Bitcoin wallet only because It more than bank. you can own the bank of yours. Transaction fees will do good in bitcoin but in bitcoin fees are there and many money scratching thing are in bitcoin.

greBit

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Quote from: Dux2K on January 15, 2016, 11:50:38 AM

Both saver that way
I plan to order btc card and then im in full

btc wallet is more reliable than banks, because they don't charge taxes or interests, in btc wallet you are always in control plus you have the option to cash out any time no matter how good or bad the market maybe.

Dux2K

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Both saver that way
I plan to order btc card and then im in full

mobidirmob

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Not all people use bitcoin to send or receive payments.
The number of people is very small comparing to number of people that use banks.
I think to use both of them, bitcoin mostly if you use it more often and bank for rare transaction

waleette is good

bitlancr

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Quote from: davinchi on January 15, 2016, 08:54:34 AM

Quote from: TTMNewsMJ on January 15, 2016, 05:00:09 AM

Bitcoin wallet

And then how you will deposit and cashout from from wallet, I mean you have money but you cant use it as real with bitcoins, so I guess we need both of them, bank and bitcoin wallet both !
This may be the situations until bitcoin goes main stream, once hit main stream then we just need only bitcoin wallets.

For now you are going to need both, unless of course the country you live already adapted to bitcoin which I highly doubt. I myself have to choose for bank, I'm still depending on a bank.

hendra147

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Both of them is good,
im use both of them,,,
save bitcoin for sell at highest price and save my fiat currency at bank for buying bitcoin at lowest price

Altynbekova

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Quote from: RyanX on January 15, 2016, 08:46:24 AM

Quote from: dhimasnk on January 15, 2016, 07:37:05 AM

I would still choose the bank, because for me bitcoin just as a way to invest

If you have to pay a fee to get bitcoin, then it is better to use a bank card. I mine bitcoin, so I use the bitcoin to pay my daily living, that is similar to pay the electricity.

I don't mine bitcoin, but how much do you pay for energy or something like that and how much do you earn mining with bitcoin? Because I think just having a signature campaign and trying to just trade I think you can earn quite a lot.

harizen

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Quote from: krunox123 on January 15, 2016, 09:20:46 AM

Quote from: harizen on January 15, 2016, 09:10:22 AM

Quote from: krunox123 on January 15, 2016, 07:27:27 AM

Quote from: ?? on ??

if you need to spend money regularly, then get a debit card
if you just want to store money then go with a bitcoin wallet
because the increase in price would pay you more than the annual interest from bank,
so depends on what you do most Huh

I'm pretty sure there is Bitcoin debit card already. For instance, e-coin debit card. Their card be used almost anywhere that accept card as payment method.

But not all country and stores are accepting bitcoin debit card as it will need a lots and bigger development to be accepted worldwide. Much better to have at least an instant fiat savings when you need it most and you don't have to spend time doing some withdrawing method especially for urgent money needs.

That is true, but Bitcoin debit card is just an alternative way for you to spend your Bitcoin on websites or stores that do not accept Bitcoin as payment method. And AFAIK, credit card or debit card are widely used as payment method if you do not have cash or want to spend your money on online stores.

In terms of bank owned credit and debit card, yes it really used widely. There are Mastercard, Visa, Bancnet etc. which is affiliated now from all over the banks in the world including mine's credit and debit card.

If bitcoin debit card will be like that, hey that's a good alternative and another achievement in bitcoin history.

krunox123

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Quote from: harizen on January 15, 2016, 09:10:22 AM

Quote from: krunox123 on January 15, 2016, 07:27:27 AM

Quote from: ?? on ??

if you need to spend money regularly, then get a debit card
if you just want to store money then go with a bitcoin wallet
because the increase in price would pay you more than the annual interest from bank,
so depends on what you do most Huh

I'm pretty sure there is Bitcoin debit card already. For instance, e-coin debit card. Their card be used almost anywhere that accept card as payment method.

But not all country and stores are accepting bitcoin debit card as it will need a lots and bigger development to be accepted worldwide. Much better to have at least an instant fiat savings when you need it most and you don't have to spend time doing some withdrawing method especially for urgent money needs.

That is true, but Bitcoin debit card is just an alternative way for you to spend your Bitcoin on websites or stores that do not accept Bitcoin as payment method. And AFAIK, credit card or debit card are widely used as payment method if you do not have cash or want to spend your money on online stores.

harizen

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Quote from: krunox123 on January 15, 2016, 07:27:27 AM

Quote from: ?? on ??

if you need to spend money regularly, then get a debit card
if you just want to store money then go with a bitcoin wallet
because the increase in price would pay you more than the annual interest from bank,
so depends on what you do most Huh

I'm pretty sure there is Bitcoin debit card already. For instance, e-coin debit card. Their card be used almost anywhere that accept card as payment method.

But not all country and stores are accepting bitcoin debit card as it will need a lots and bigger development to be accepted worldwide. Much better to have at least an instant fiat savings when you need it most and you don't have to spend time doing some withdrawing method especially for urgent money needs.

davinchi

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Quote from: TTMNewsMJ on January 15, 2016, 05:00:09 AM

Bitcoin wallet

And then how you will deposit and cashout from from wallet, I mean you have money but you cant use it as real with bitcoins, so I guess we need both of them, bank and bitcoin wallet both !
This may be the situations until bitcoin goes main stream, once hit main stream then we just need only bitcoin wallets.

RyanX

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Quote from: dhimasnk on January 15, 2016, 07:37:05 AM

I would still choose the bank, because for me bitcoin just as a way to invest

If you have to pay a fee to get bitcoin, then it is better to use a bank card. I mine bitcoin, so I use the bitcoin to pay my daily living, that is similar to pay the electricity.

dhimasnk

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I would still choose the bank, because for me bitcoin just as a way to invest

krunox123

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I don't bite.

Quote from: ?? on ??

if you need to spend money regularly, then get a debit card
if you just want to store money then go with a bitcoin wallet
because the increase in price would pay you more than the annual interest from bank,
so depends on what you do most Huh

I'm pretty sure there is Bitcoin debit card already. For instance, e-coin debit card. Their card be used almost anywhere that accept card as payment method.

TTMNewsMJ

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Bitcoin wallet

btvGainer

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Quote from: addy boy on October 04, 2015, 12:05:29 PM

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

In bitcoin context,bank are wallet do not have much difference.You can store,receive and send bitcoin at your convenience from wallet and bank both

harizen

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So use both.

I really don't want bitcoin to be centralized because Im fine with the current system of bitcoin.

Don't pray for bitcoin to be replaced the banking system. If that will happen, revenue of some country will get a portion of NDP like the current banking system do aside from taxing it.

Many post here about the freedom that bitcoin give to them but never realizing if the same freedom will be experience once bitcoin face all the terms that banking system facing today. Tongue

OrangeII

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Quote from: BeGoods on January 14, 2016, 12:35:07 AM

Quote from: fuathan on January 11, 2016, 08:05:20 PM

Bitcoin without regulations make it unsafe when you compare with banking system. But 2008 - 2011 crises show us nowhere is safe... Huh

there are advantages and disadvantages bitcoin without regulation, I prefer without regulation, because there is no governing the use of bitcoin
when compared with the bank system, for example there is a financial crisis your bank account could be frozen while, in contrast with bitcoin Cheesy

when it comes to security, of course banks have tighter security than the wallet bitcoin, because the bank is a native of artificial government, experts mobilized to design the security systems of banks, but the reply about the transaction faster, I prefer wallet bitcoin

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