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Topic: Bank or Bitcoin Wallet? - page 181. (Read 230501 times)

sr. member
Activity: 476
Merit: 250
October 28, 2015, 10:29:05 PM
I don't use banks. I use cash and crypto for pretty much everything.
full member
Activity: 238
Merit: 100
October 28, 2015, 10:28:25 PM
totally choose bitcoin wallet...easy, smooth..and the transaction fee also low
bank have so many requirement...
hero member
Activity: 630
Merit: 502
October 28, 2015, 10:00:58 PM
With banks the whole concept of bitcoins will be violated.
Wallet makes you feel more secure.Even the banks could be hacked.

i dont think so, precisely in the wallet, which is very risky hacked,
safer in the bank in my opinion
With wallet, you can control your own private key which is a huge plus already. Banks are subjected to phishing attempts and could get you hacked. To hack an address, you need the private key. You would be required to install a malware on the computer to steal the private key. If there is a malware on your computer, your bank account would also be hacked.
sr. member
Activity: 294
Merit: 250
October 28, 2015, 07:19:08 PM
With banks the whole concept of bitcoins will be violated.
Wallet makes you feel more secure.Even the banks could be hacked.

i dont think so, precisely in the wallet, which is very risky hacked,
safer in the bank in my opinion
full member
Activity: 168
Merit: 100
October 28, 2015, 07:15:24 PM
A bank and bitcoin would be ideal. eventually the average person will look for a way to store btc; not likely a person is going to want to store hundreds of thousands of dollars on their hard drive without extra security measures
Did you ever see someone hold more than 400 BTC, and he just put it in wallet, its real Cheesy
hero member
Activity: 658
Merit: 500
October 28, 2015, 07:12:02 PM
in my country ever once there is a problem that the banks go bankrupt
we are constrained to take your money, it really makes us uneasy
i prefer choose bitcoin wallet

Yes. For me too it is a bitcoin wallet. My reasons are that banks need a lot of verification to open an account and plus we need to pay taxes if the amount exceeds the normal limit while in the case of bitcoins, we can open a wallet without any verification and we just need to have an email account for the same. We also do not need to pay taxes and can have multiple wallets. We can also insert a private key in our new wallet and have access to the funds of another wallet if in case we lose the password.
all that is true, the important thing we can control our own money
shortcomings may be, if your wallet hacked, your money will not be returned
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
October 28, 2015, 02:52:32 PM
It doesn't seem right to compare a bank to a bitcoin wallet as where a bank has fiat cash, a bitcoin wallet has bitcoins which is a crypto currency. While fiat cash has its own advantages and one can buy goods from a physical store, bitcoins can only be used in online stores (while not many stores accept bitcoins) and you need a debit card to spend the bitcoins where again it's fiat and not cryptocurrency. We may use bitcoins but everyone does need to convert it into fiat cash and store the money in a bank else it's not worth.
sr. member
Activity: 448
Merit: 250
Craig Wright is scammer.
October 28, 2015, 10:45:06 AM
With banks the whole concept of bitcoins will be violated.
Wallet makes you feel more secure.Even the banks could be hacked.
hero member
Activity: 658
Merit: 500
October 28, 2015, 10:03:58 AM
Banks will start to accept BTC in future. From start there can be one bank, then another and so on  Wink And BTC wallet will be in the bank through online Web  Wink
full member
Activity: 168
Merit: 100
October 28, 2015, 07:55:16 AM
You shouldn't put too much into bitcoins in my opinion, maybe maximum 5% of your total money.
hero member
Activity: 994
Merit: 500
October 28, 2015, 05:55:51 AM
real life = bank
online life = bitcoin wallet

I think this is a completed answers,
But what i would add that we also should use bank for online life.
Because not everybody accepts bitcoin, and not everybody has bitcoin to send to use if we trade something.
full member
Activity: 140
Merit: 100
October 28, 2015, 05:34:41 AM
real life = bank
online life = bitcoin wallet

legendary
Activity: 3248
Merit: 1070
October 28, 2015, 05:24:14 AM
I would prefer to use a bitcoin wallet instead of a bank. Bank will have control over your money, but a bitcoin wallet doesn't.

because they will offer secruity, but also offer fee or soem form of restriction, which is against bitcoin

but there will be many that will join the bank, because of security, check some post later, some prefer to have the security given by the banks

not everyone, apaprently, want to contorl his own money..
This is not completely true. In real life, people place money into their bank because it is easy to do internet banking and can gain interest by putting their money into savings accounts. For Bitcoin, the loan part could be true and the internet banking is using Bitcoin itself. Security is easy to manage for individuals, use a cold storage or simply don't download suspicious programs. This would reduce the risk of having your Bitcoin frozen.

it depend on the country, many here ar enot putting money i the bank anymore, because the interest is inexistent, or so low, that it's not worth it

also with some bank you actually lose monye, because they are full of fee, withdrawal fee, deposit, fee all sort of fee for your card etc...
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
October 28, 2015, 05:18:55 AM
I will guessed that others here doesn't have an experience to have a bank account or putting money in the bank for at least a long time and see gaining interest that's why they are just posting here and they think bank is nothing against bitcoin wallet. Smiley

They are both better. Both has pros and cons so much better to preferred both.
hero member
Activity: 994
Merit: 500
October 28, 2015, 05:08:46 AM
For me, if bank and bitcoin can work together, it will be perfect!  Grin

In some countries it is not allowed to use bitcoin.
So i think banks there will not participate with bitcoin and the clients.
I think that time by time banks will know the value of bitcoin and will make something against it.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
October 28, 2015, 03:45:15 AM
I would prefer to use a bitcoin wallet instead of a bank. Bank will have control over your money, but a bitcoin wallet doesn't.

because they will offer secruity, but also offer fee or soem form of restriction, which is against bitcoin

but there will be many that will join the bank, because of security, check some post later, some prefer to have the security given by the banks

not everyone, apaprently, want to contorl his own money..
This is not completely true. In real life, people place money into their bank because it is easy to do internet banking and can gain interest by putting their money into savings accounts. For Bitcoin, the loan part could be true and the internet banking is using Bitcoin itself. Security is easy to manage for individuals, use a cold storage or simply don't download suspicious programs. This would reduce the risk of having your Bitcoin frozen.
legendary
Activity: 3248
Merit: 1070
October 28, 2015, 03:21:46 AM
I would prefer to use a bitcoin wallet instead of a bank. Bank will have control over your money, but a bitcoin wallet doesn't.

because they will offer secruity, but also offer fee or soem form of restriction, which is against bitcoin

but there will be many that will join the bank, because of security, check some post later, some prefer to have the security given by the banks

not everyone, apaprently, want to contorl his own money..
hero member
Activity: 493
Merit: 500
October 27, 2015, 11:03:01 PM
A bank and bitcoin would be ideal. eventually the average person will look for a way to store btc; not likely a person is going to want to store hundreds of thousands of dollars on their hard drive without extra security measures
hero member
Activity: 1134
Merit: 502
October 27, 2015, 10:19:27 PM
both, you cannot store satoshi in a bank, and you cannot store paper money on a bitcoin wallet Cheesy so use both depend on the circumstance cheers
newbie
Activity: 42
Merit: 0
October 27, 2015, 10:18:32 PM
I still go with the traditional banking method a nd use bank to store my fiat but bitcoin wallet of course is the way to go if you have bitcoins.
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