Bank or Bitcoin Wallet? - page 21. | Bitcointalksearch.org

Chrismeister

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Activity: 465

Merit: 250

Quote from: Zverev on October 04, 2015, 09:29:09 PM

Quote from: jeffthebaker on October 04, 2015, 09:12:01 PM

Quote from: Zverev on October 04, 2015, 09:10:37 PM

Quote from: jeffthebaker on October 04, 2015, 09:03:45 PM

For storing your money?

Let's not fool ourselves. Banks are infinitely safer at this point in time. Sure, we can all spread FUD about how evil and insecure they are, but in a bank, our money is Federally ensured regardless of the circumstance.

Tell that to Cypriot or Greek

My apologies, sometimes I forget this is a global forum.

I cannot speak for everyone on earth, but in the United States, your money deposited into banks are Federally ensured (up to $250,000 I believe). This is infinitely more secure than the 0 insurance associated with a Bitcoin wallet.

And when the banks introduce negative interest rates to save themselves again?

I am not using biutcoin wallets only the wallets who can store local because i dont trust the wallets online and banks are only used by my money i would pick a bank above the bitcoin wallet for sure!

Fraxinus

legendary

Activity: 1274

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Bank and BTC wallet,there's room for cash and BTC,it all depends on your preferences but I think they have their place and you have to have either of them,I think that's neccessary and it will be somewhat delusional to think it isn't like that

mace15

hero member

Activity: 1428

Merit: 506

I would rather choose bank instead of bitcoin wallet. Its a safer place
to keep my money in bank rather than bitcoin wallet. Why?
Because bitcoin wallet is not safe to keep your money. We all
know that bitcoin price is volatile and you have to keep monitoring
your btc if it grows or lesses the amount.!

freedomgo

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Activity: 3150

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Quote from: adi33 on September 27, 2016, 10:00:36 PM

Quote from: molsewid on September 27, 2016, 07:40:25 PM

Quote from: bluechipinvestor on September 22, 2016, 07:31:41 PM

In my opinion btc wallets are a safer option. In the Banks, fees are higher and there is the problem of centralization, but it's still the most practical way.

Dude you're wrong bitcoin wallet is not that safe enough to trust we dont know what will happen in next year ,everyday and in my opinion banks is much more safer option bcoz banks are more highly secured if someone stolen your money you can trace it.

My friends never missed $ 400 due in showrooms bitcoin wallet and forgot to censor part identifier. so be careful

It is only on our own fault if we lose our bitcoin in our wallet, that could be because of our negligence for failure to improve the security of our wallet, if you treat that as your investment or savings you should be responsible enough to protect it, the thing is banks are safe but if you want to invest you need to put your money in bitcoin wallet.

adi33

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Activity: 630

Merit: 500

RealistaToken.com

Quote from: molsewid on September 27, 2016, 07:40:25 PM

Quote from: bluechipinvestor on September 22, 2016, 07:31:41 PM

In my opinion btc wallets are a safer option. In the Banks, fees are higher and there is the problem of centralization, but it's still the most practical way.

Dude you're wrong bitcoin wallet is not that safe enough to trust we dont know what will happen in next year ,everyday and in my opinion banks is much more safer option bcoz banks are more highly secured if someone stolen your money you can trace it.

My friends never missed $ 400 due in showrooms bitcoin wallet and forgot to censor part identifier. so be careful

molsewid

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Activity: 2170

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Quote from: bluechipinvestor on September 22, 2016, 07:31:41 PM

In my opinion btc wallets are a safer option. In the Banks, fees are higher and there is the problem of centralization, but it's still the most practical way.

Dude you're wrong bitcoin wallet is not that safe enough to trust we dont know what will happen in next year ,everyday and in my opinion banks is much more safer option bcoz banks are more highly secured if someone stolen your money you can trace it.

Piltover

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Activity: 364

Merit: 250

Quote from: iqlimasyadiqa on September 27, 2016, 05:56:50 PM

Quote from: Adrorecia on September 27, 2016, 05:33:47 PM

I prefer the bank because it still stays a bit safer if you are asking me and it has a great future too due to that I think that the bitcoin wallet is also good but its not very good secured sometimes.

I agree with you . BANK more guarantees for the safety aspect. they already have the guarantor is a government institution.
bitcoin while still anonymouse so there is no institution that guarantees the existence of bitcoin.

Thinking the same to be honest because its safe and does not has a lot of issues too, you can simply use the bank and I do also not care about that they control it.
I do not have to hide anything so..

The_Dark_Knight

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Activity: 840

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Quote from: oceanriver on September 26, 2016, 07:18:51 PM

Quote from: The_Dark_Knight on September 26, 2016, 05:34:34 PM

Quote from: jerowacik on September 25, 2016, 11:07:28 PM

Quote from: 2legit2 on September 25, 2016, 09:12:54 PM

Quote from: JITENDERPAR3 on September 25, 2016, 08:59:50 PM

Quote from: social crypto coin on September 24, 2016, 03:20:19 AM

Quote from: d@nte on September 18, 2016, 01:24:17 AM

I would choose a safe btc wallet, because it is more secure and also simple to use, from my point of view.. In addition to this, you have more control over your funds, because it is decentralized.

if you choose wallet bitcoin because secure and save
your wrong, bank still is good about secure and save this compare wallet bitcoin

you are right , bank money is also encrypted like bitcoin wallet or more . the main disadvantage in bank money is only less control by us . because for banking there is probably remain some problem of adding payyee like things and also high transaction charge and tax .

thats true, holding your cash in a bank account is really safe but bitcoin allows you to make more profit over time

yes, it is one of the considerations using bitcoin or BANK. each has advantages and disadvantages. we can not state that one of them is superior.

It depends on what you are looking for, but if you want control over your finances, no chargebacks, no funds frozen, very low transaction fees then it is a no brainer, bitcoin is for you.

thats true, but i think if you are a usual person then it would be better to use bank account as it would be easier

Right now bitcoin has not reached the level of adoption necessary for the average person to feel the need to have it, so what you state is correct, but as soon as bitcoin reaches that level of adoption, the average person is going to use bitcoin a lot.

lister storm

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Activity: 770

Merit: 500

Quote from: The_Dark_Knight on September 26, 2016, 05:34:34 PM

Quote from: jerowacik on September 25, 2016, 11:07:28 PM

Quote from: 2legit2 on September 25, 2016, 09:12:54 PM

Quote from: JITENDERPAR3 on September 25, 2016, 08:59:50 PM

Quote from: social crypto coin on September 24, 2016, 03:20:19 AM

Quote from: d@nte on September 18, 2016, 01:24:17 AM

I would choose a safe btc wallet, because it is more secure and also simple to use, from my point of view.. In addition to this, you have more control over your funds, because it is decentralized.

if you choose wallet bitcoin because secure and save
your wrong, bank still is good about secure and save this compare wallet bitcoin

you are right , bank money is also encrypted like bitcoin wallet or more . the main disadvantage in bank money is only less control by us . because for banking there is probably remain some problem of adding payyee like things and also high transaction charge and tax .

thats true, holding your cash in a bank account is really safe but bitcoin allows you to make more profit over time

yes, it is one of the considerations using bitcoin or BANK. each has advantages and disadvantages. we can not state that one of them is superior.

It depends on what you are looking for, but if you want control over your finances, no chargebacks, no funds frozen, very low transaction fees then it is a no brainer, bitcoin is for you.

yeah bitcoin wallet allows you to get a complete control over your money, thats why i usually use it

greatr

sr. member

Activity: 447

Merit: 250

Quote from: ahmad7 on September 26, 2016, 07:02:58 PM

I m using coinbase / spectrocoin
the bank might freeze my account, and you must be 18...

the same for me, banks are bullshit thats why i like bitcoin wallets the most, though you dont have to be 18

BitHodler

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Activity: 1526

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Quote from: iqlimasyadiqa on September 27, 2016, 05:56:50 PM

Quote from: Adrorecia on September 27, 2016, 05:33:47 PM

I prefer the bank because it still stays a bit safer if you are asking me and it has a great future too due to that I think that the bitcoin wallet is also good but its not very good secured sometimes.

I agree with you . BANK more guarantees for the safety aspect. they already have the guarantor is a government institution.
bitcoin while still anonymouse so there is no institution that guarantees the existence of bitcoin.

Banks only guarantee your money till a certain amount which is different in each country, but everything you have above that amount will be gone for good if something happens with that specific banks.

Also, we don't need an institution that guarantees the existence of Bitcoin since miners already do it for us....

iqlimasyadiqa

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Activity: 1596

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Quote from: Adrorecia on September 27, 2016, 05:33:47 PM

I prefer the bank because it still stays a bit safer if you are asking me and it has a great future too due to that I think that the bitcoin wallet is also good but its not very good secured sometimes.

I agree with you . BANK more guarantees for the safety aspect. they already have the guarantor is a government institution.
bitcoin while still anonymouse so there is no institution that guarantees the existence of bitcoin.

Adrorecia

sr. member

Activity: 275

Merit: 250

I prefer the bank because it still stays a bit safer if you are asking me and it has a great future too due to that I think that the bitcoin wallet is also good but its not very good secured sometimes.

Sander_93

newbie

Activity: 4

Merit: 0

What has frightened banks with the increasing adoption the bitcoin as a payment method is that the cryptocurrencies were created in the beginning to not rely on banks as intermediaries; now that they realized that, they are seeking to adopt the technology blockchain not be crushed by the wave of change generated bitcoin http://criptonoticias.com/bancos/banca-red-pagos-gpsg/

Because of this, many banks are creating a group to develop a standardized cross-border payments network based on blockchain technology https://ripple.com/insights/announcing-ripples-global-payments-steering-group/

richardsNY

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Quote from: Prettygirl01315 on September 27, 2016, 11:20:45 AM

Bitcoin wallet I guess because you cam easily saw your money by using application and website of your wallet. You can also convert your money to bitcoin and vice versa. To trade your money from another currency to get profit or to invest your money from investment site to get profit too.

Banks have apps and an internet site to do all your banking related things. You haven't mentioned a single thing of why Bitcoin is actually better than having a bank account.

lite

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Activity: 1400

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Quote from: Prettygirl01315 on September 27, 2016, 11:20:45 AM

Bitcoin wallet I guess because you cam easily saw your money by using application and website of your wallet. You can also convert your money to bitcoin and vice versa. To trade your money from another currency to get profit or to invest your money from investment site to get profit too.

Yep, bitcoin wallet is way better than a bank account, with bitcoin you won't have to pay heavy fees/account maintenances charges. you can pay with bitcoin anywhere in the world without exchanging your coins to local currency.(if it's accepted)

amacar2

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Quote from: ahmad7 on September 26, 2016, 07:02:58 PM

I m using coinbase / spectrocoin
the bank might freeze my account, and you must be 18...

There are several scam accusations against spectrocoin you better don't use them and also coinbase wallet is more like centralized one with lots of KYC policy and restrictions. Better try electrum or blockchain.info, btc.com web wallets for using bitcoin.

Prettygirl01315

sr. member

Activity: 630

Merit: 250

Bitcoin wallet I guess because you cam easily saw your money by using application and website of your wallet. You can also convert your money to bitcoin and vice versa. To trade your money from another currency to get profit or to invest your money from investment site to get profit too.

blackmachinegun

hero member

Activity: 532

Merit: 500

Quote from: ahmad7 on September 26, 2016, 07:02:58 PM

I m using coinbase / spectrocoin
the bank might freeze my account, and you must be 18...

Of course, the bank may freeze your bank account may be the reason you're in violation of their rules. you take advantage of them of course you have to obey their rules. banks may also impose limits on cash withdrawals per day, yeah that's the rule of the bank. we can not avoid the rule that if a bank uses

ajun96

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Activity: 658

Merit: 500

Quote from: ahmad7 on September 26, 2016, 07:02:58 PM

I m using coinbase / spectrocoin
the bank might freeze my account, and you must be 18...

it is because banks use a centralized system in which they are in control of the system and the rules, and you must abide by all the rules, unlike when you use bitcoin, bitcoin is decentralized so no one can give you control, including satoshi Nakamoto lol

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