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Topic: Bank or Bitcoin Wallet? - page 179. (Read 230501 times)

member
Activity: 86
Merit: 10
November 17, 2015, 07:24:37 AM
Well Bitcoin wallet. But I don't trust it 100% So I do some in BTC wallet and the rest in the bank.

But 100% I will replace bank for btc wallet.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
November 17, 2015, 06:49:46 AM
I would prefer a Bitcoin wallet than a bank account for many reasons. One of them is the flexibility of having control of my own money, and second I don't need to worry about lots of fees like banks do. So, if Bitcoin were to used by many businesses physically in the world, I would replace my bank account to a Bitcoin wallet.  Grin
full member
Activity: 126
Merit: 100
November 17, 2015, 06:01:07 AM
I will choose the bitcoin wallet.
sr. member
Activity: 350
Merit: 250
November 01, 2015, 09:17:44 AM
i prefer both stand best in their ways. In case if i need fund in emergency i can go to bank and withdraw it and if i need to pay a bill online then secure bitcoin wallet is the safest option. Smiley
hero member
Activity: 994
Merit: 500
November 01, 2015, 08:40:30 AM
I prefer to have both. Bitcoin for investment because bitcoin price is currently going up. And bank accounts for my everyday normal needs. Though I will not keep my money sleeping in the bank because I will loose it in inflation. I just maintain enough money to cover emergency needs.
you can try bitcoin for everyday purposes, now there is a bitcoin debit card,
I have not tried it, but it sounds interesting
Bitcoin debit card allows users to load it into the service for the user to use. I don't particularly like this idea though. By loading it, you are giving your Bitcoins to the service which isn't secure. They can run away or the debit card service can stop supporting them due to their local regulations.

Well this is the only way to use these bitcoin debit cards.
Some services allows you to not convert immediately the bitcoin into fiat to use after.
But simple you leave bitcoin as it is and then if you withdraw from ATM at that moment the exchange rate is taken.
You are still going to pay high fees for that. Taking Bitx as an example, activation alone costs $9 assuming you are not going to pay $99 for a named white card and the ATM fees is ridiculously high too. If you don't reside in a non restricted country or want an anonymous card, POS fees and there would be much lower limits.

Withdrawing from an exchange to your bank account is a much better idea.

Well the fees are really high for these debit cards,
The two ones that i regularly check are xapo and bit-x and seems the fees are a bit high.
Also another fee is the exchange fee when you want to withdraw money from ATM or making online purchasing.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
November 01, 2015, 08:02:56 AM
I prefer to have both. Bitcoin for investment because bitcoin price is currently going up. And bank accounts for my everyday normal needs. Though I will not keep my money sleeping in the bank because I will loose it in inflation. I just maintain enough money to cover emergency needs.
you can try bitcoin for everyday purposes, now there is a bitcoin debit card,
I have not tried it, but it sounds interesting
Bitcoin debit card allows users to load it into the service for the user to use. I don't particularly like this idea though. By loading it, you are giving your Bitcoins to the service which isn't secure. They can run away or the debit card service can stop supporting them due to their local regulations.

Well this is the only way to use these bitcoin debit cards.
Some services allows you to not convert immediately the bitcoin into fiat to use after.
But simple you leave bitcoin as it is and then if you withdraw from ATM at that moment the exchange rate is taken.
You are still going to pay high fees for that. Taking Bitx as an example, activation alone costs $9 assuming you are not going to pay $99 for a named white card and the ATM fees is ridiculously high too. If you don't reside in a non restricted country or want an anonymous card, POS fees and there would be much lower limits.

Withdrawing from an exchange to your bank account is a much better idea.
sr. member
Activity: 826
Merit: 263
November 01, 2015, 07:49:15 AM
I chose Bank, we'll know how fluctuative Bitcoin price's is..
hero member
Activity: 994
Merit: 500
November 01, 2015, 07:25:58 AM
I prefer to have both. Bitcoin for investment because bitcoin price is currently going up. And bank accounts for my everyday normal needs. Though I will not keep my money sleeping in the bank because I will loose it in inflation. I just maintain enough money to cover emergency needs.
you can try bitcoin for everyday purposes, now there is a bitcoin debit card,
I have not tried it, but it sounds interesting
Bitcoin debit card allows users to load it into the service for the user to use. I don't particularly like this idea though. By loading it, you are giving your Bitcoins to the service which isn't secure. They can run away or the debit card service can stop supporting them due to their local regulations.

Well this is the only way to use these bitcoin debit cards.
Some services allows you to not convert immediately the bitcoin into fiat to use after.
But simple you leave bitcoin as it is and then if you withdraw from ATM at that moment the exchange rate is taken.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
November 01, 2015, 07:10:27 AM
I prefer to have both. Bitcoin for investment because bitcoin price is currently going up. And bank accounts for my everyday normal needs. Though I will not keep my money sleeping in the bank because I will loose it in inflation. I just maintain enough money to cover emergency needs.
you can try bitcoin for everyday purposes, now there is a bitcoin debit card,
I have not tried it, but it sounds interesting
Bitcoin debit card allows users to load it into the service for the user to use. I don't particularly like this idea though. By loading it, you are giving your Bitcoins to the service which isn't secure. They can run away or the debit card service can stop supporting them due to their local regulations.
legendary
Activity: 2436
Merit: 1366
November 01, 2015, 05:57:57 AM
Bitcoin is too much safer than banks I believe. It contains offline wallet option so it is so much better than banks' hackable systems.
full member
Activity: 168
Merit: 100
November 01, 2015, 05:43:22 AM
I prefer to have both. Bitcoin for investment because bitcoin price is currently going up. And bank accounts for my everyday normal needs. Though I will not keep my money sleeping in the bank because I will loose it in inflation. I just maintain enough money to cover emergency needs.
you can try bitcoin for everyday purposes, now there is a bitcoin debit card,
I have not tried it, but it sounds interesting
legendary
Activity: 2240
Merit: 1069
October 31, 2015, 11:29:30 AM
I prefer to have both. Bitcoin for investment because bitcoin price is currently going up. And bank accounts for my everyday normal needs. Though I will not keep my money sleeping in the bank because I will loose it in inflation. I just maintain enough money to cover emergency needs.
sr. member
Activity: 322
Merit: 250
October 31, 2015, 11:15:07 AM
for quick cash of course banks theres no implementation good into the BTC atm cashouts still
full member
Activity: 140
Merit: 100
October 31, 2015, 11:14:09 AM
I'll choose bitcoin wallet here, because of following reasons.
(1) No hassle of credit or debit cards, it's completely wireless.
(2) No hassle of cash, so no fear of getting robbed or stolen, so you get complete safety.
(3) saves time, no need to go to ATM to fill your wallet, your money is always in your bitcoin wallet
(4) And, lastly, no fear of fraud
hero member
Activity: 2688
Merit: 588
October 31, 2015, 03:59:53 AM
Well some parts of life I still need bank -.- but if i transfer money to other country than Bitcoin Wallet for sure. And I thik everyone well Say Bitcoin wallet.
yeah quite difficult to transfer money to another country with bank, it took a little extra information to send money, and I dont understand it,
but with bitcoin wallet just sent Cheesy

Yes cross border money transfer is the biggest advantages people are going to experience with bitcoin, that too for very small amount of fee. There are many reasons for me too, to choose bitcoin wallet over a bank account. More over all the bank account features are inclusive within a bitcoin wallet.

There are lots of advantages we can enjoy with bitcoin transactions. One of them is cross-border money transfer facility. But we cannot get all the features from a bank account so I also will pick bitcoin over bank account I need to choose from.
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
October 31, 2015, 03:07:50 AM
totally choose bitcoin wallet...easy, smooth..and the transaction fee also low
bank have so many requirement...
yeah there is no age limit, so it is very easy in bitcoin wallet

unlike in the bank, at least we should have the identification

Bitcoin is money. That's how fiat works. Who doesn't like a legalization thru identification when claiming and receiving money. That's why Bitcoin is still not accepted by all country. I think if all the country in the world will accept bitcoin, identification is one of their priority. If all transaction is anonymous do you think we are safe? Let's say bitcoin money theft. It's hard to trace.
if all the country in the world will accept bitcoin, need identifiaction but in fact bitcoin does not need identity verification,
maybe if there is verification of identity in bitcoin, many members of which will come out
Identity verification is hard to implement at protocol level as it is decentralised. If identity verification is needed and endorsed by the government, it would make it seem more legit but compromising the privacy of users at the same time. The anonymity of Bitcoin is what preventing government from adopting Bitcoin.
yeah cut both ways, so Identity verification cant implement to bitcoin ?
but any exchanger who must identity verification to sign up, it is included ?
They are different from bitcoins. Those exchanges are services which can verify the identity but trust is required on them. with bitcoins, it is a trustless system and I can't think of ways to implement it at protocol level either.
full member
Activity: 168
Merit: 100
October 31, 2015, 01:48:02 AM
totally choose bitcoin wallet...easy, smooth..and the transaction fee also low
bank have so many requirement...
yeah there is no age limit, so it is very easy in bitcoin wallet

unlike in the bank, at least we should have the identification

Bitcoin is money. That's how fiat works. Who doesn't like a legalization thru identification when claiming and receiving money. That's why Bitcoin is still not accepted by all country. I think if all the country in the world will accept bitcoin, identification is one of their priority. If all transaction is anonymous do you think we are safe? Let's say bitcoin money theft. It's hard to trace.
if all the country in the world will accept bitcoin, need identifiaction but in fact bitcoin does not need identity verification,
maybe if there is verification of identity in bitcoin, many members of which will come out
Identity verification is hard to implement at protocol level as it is decentralised. If identity verification is needed and endorsed by the government, it would make it seem more legit but compromising the privacy of users at the same time. The anonymity of Bitcoin is what preventing government from adopting Bitcoin.
yeah cut both ways, so Identity verification cant implement to bitcoin ?
but any exchanger who must identity verification to sign up, it is included ?
hero member
Activity: 630
Merit: 502
October 30, 2015, 10:15:53 PM
totally choose bitcoin wallet...easy, smooth..and the transaction fee also low
bank have so many requirement...
yeah there is no age limit, so it is very easy in bitcoin wallet

unlike in the bank, at least we should have the identification

Bitcoin is money. That's how fiat works. Who doesn't like a legalization thru identification when claiming and receiving money. That's why Bitcoin is still not accepted by all country. I think if all the country in the world will accept bitcoin, identification is one of their priority. If all transaction is anonymous do you think we are safe? Let's say bitcoin money theft. It's hard to trace.
if all the country in the world will accept bitcoin, need identifiaction but in fact bitcoin does not need identity verification,
maybe if there is verification of identity in bitcoin, many members of which will come out
Identity verification is hard to implement at protocol level as it is decentralised. If identity verification is needed and endorsed by the government, it would make it seem more legit but compromising the privacy of users at the same time. The anonymity of Bitcoin is what preventing government from adopting Bitcoin.
legendary
Activity: 2100
Merit: 1058
October 30, 2015, 10:10:57 PM
Well some parts of life I still need bank -.- but if i transfer money to other country than Bitcoin Wallet for sure. And I thik everyone well Say Bitcoin wallet.
yeah quite difficult to transfer money to another country with bank, it took a little extra information to send money, and I dont understand it,
but with bitcoin wallet just sent Cheesy

Yes cross border money transfer is the biggest advantages people are going to experience with bitcoin, that too for very small amount of fee. There are many reasons for me too, to choose bitcoin wallet over a bank account. More over all the bank account features are inclusive within a bitcoin wallet.
member
Activity: 112
Merit: 10
October 30, 2015, 07:38:07 PM
I would choose the bitcoin wallet as the price is steadily rising and I would make a decent profit. If it was a long term investment, which for most people it is, I would definitely choose bitcoin wallet. If it was a short term investment on the other hand, I WOULD STILL CHOOSE BITCOIN WALLET as you might earn some profit.
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