Bank or Bitcoin Wallet? - page 25. | Bitcointalksearch.org

YTBitcoin

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Quote from: Capradina on September 22, 2016, 09:22:33 AM

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I would choose btc wallet, cause it's more secure and also easier to use, from my point of view. Add the fact that you have more control over your funds.

That is certainly true, but I would prefer banks to save most of the money I have. Because it is a bank guarantee all the funds I have than the wallets of btc. And also the money we save in the bank protection of the State and if there is something definitely will get a compensation worth

but if someone will want to continue transactions from his/her money then for them I will suggest bitcoin wallet as with that he/she will not have to pay high fees of bank and will not have to visit bank again and again and will not have wait for longer periods o transactions.

The_Dark_Knight

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Quote from: Capradina on September 22, 2016, 09:22:33 AM

Quote from: ?? on ??

I would choose btc wallet, cause it's more secure and also easier to use, from my point of view. Add the fact that you have more control over your funds.

That is certainly true, but I would prefer banks to save most of the money I have. Because it is a bank guarantee all the funds I have than the wallets of btc. And also the money we save in the bank protection of the State and if there is something definitely will get a compensation worth

Saving protection is nothing more than a bluff, if only 5% of the accounts needed to be covered by the bank protection, bankruptcy is inevitable, don’t trust banks or governments they are not your friends and they are not going to save you.

bamboylee

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Quote from: btcking101 on September 20, 2016, 03:09:16 PM

Quote from: soros017 on September 19, 2016, 09:35:48 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.

I completely disagree with you and i feel more safe in bank for putting my large some of money than in bitcoin wallets.In bitcoin wallet we cannot meat their support staff and cant see them in our locality but in my bank i can regularily have a view there,talk to managers for any problem.Even i cannot compare banks with bitcoin wallets.

what you are referring to are online wallets. But you can also store your bitcoins in cold wallets where you have all the control regarding the wallet. Your bitcoin is very safe there because you are the only one who knows where it is. As your long as you do not share your keys, then your bitcoin is safe.

Capradina

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Quote from: ?? on ??

I would choose btc wallet, cause it's more secure and also easier to use, from my point of view. Add the fact that you have more control over your funds.

That is certainly true, but I would prefer banks to save most of the money I have. Because it is a bank guarantee all the funds I have than the wallets of btc. And also the money we save in the bank protection of the State and if there is something definitely will get a compensation worth

yudy

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iam use both them, in bank iam use, bitcoin wallet iam same too use
in bitcoin is fast growth my capital money, in bank in saving and savety

Carmen_Sandiego

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I use both, saving bitcoin to sell at highest price and saving fiat currency in the bank to buy bitcoin at lowest price, when the time is right.

Xester

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Quote from: Abbybenson on September 22, 2016, 01:49:56 AM

I would go for a bitcoin wallet because they are much safer in my eyes and its the fact that they are way more secured. Also the point is with a bitcoin wallet your are the one that is controlling your money and no one else.

Yes they are more secured I think also. Because we're the only one who knew the password, bitcoin address of our bitcoin wallet. But for me it is still better if you have both. What if suddenly you need a money and then you have no internet connection? Where would you get your money? Unlike if you have savings on the bank you can go there anytime of the day and have some withdrawal. If you have atm you can do it almost anywhere since atm is distributed well and they have also in the mall.

mlbs

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i would prefer bitcoin.. for me, bitcoin has made my transactions smooth, fast and easy.. unlike in banks, doing transactions would take almost one week if you have transactions from your bank to another. because there are still policies and regulations to follow before completing such transactions. unlike using bitcoin, with just one click, you can make transactions and may complete such transactions in just few minutes as long as it is already confirmed. i understand it is risky compared to banks that are more secure and safe. but using bitcoin takes responsibilities. it doesnt mean that once you use bitcoin, then all your funds will be in that particular wallet, of course not! dont allow that too.. just fund your wallet in just the right amount. so incase it'll be hacked or anything like that, you dont lose that much..

all i want to imphasize here is that both have its pros and cons.

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Quote from: Abbybenson on September 22, 2016, 01:49:56 AM

I would go for a bitcoin wallet because they are much safer in my eyes and its the fact that they are way more secured. Also the point is with a bitcoin wallet your are the one that is controlling your money and no one else.

Maybe in your eyes but in general banks are more safer than bitcoin, with bank we are comfortable with our money because we are aware that the insurance will protect it while in bitcoin wallet when our account is hack, our money will be gone.

BitHodler

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Quote from: groll on September 22, 2016, 01:48:01 AM

Quote from: tabas on September 22, 2016, 12:26:48 AM

Quote from: resilientknight on September 21, 2016, 09:40:30 PM

I believe btc wallet is a very good option... it needs improvements, but you have to remember that the bank fees are still too high. To use the banks there is also the problem of centralization, and this is different using the btc wallet.

I agree that banks are really charging high fees and as well as hidden charges but for me fiat money are going to be safe in the bank if we want to secure our cash. And with the bitcoins that we have it is secure also for it is on a bitcoin wallet and it is the only storage that we can trusted online unless you are going to use hardware wallet, for me they are both good.

Yes they are both good on their respective purpose. Banks is for money and bitcoin is for bitcoin wallet. Banks is designed for our fiat currency. But we could always store our money to bitcoin wallet but be prepared on the fluctuation of your money. Bitcoin price is unstable and it could go up or down any moment.

There basically isn't a real difference between a bank account and a Bitcoin wallet (address) since both can be used for the exact same thing.

Bitcoin can be used for sending and receiving payments, can be used for saving purposes, etc.

Bitcoin wallet (address) gives you even more features since you can use it as store of value where in the same time it's an investment.

No more currency conversions as you are now just using one currency tool (Bitcoin) for all your needs.

The only negative point for certain people might be the volatility when it comes to using Bitcoin as currency tool.

Abbybenson

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I would go for a bitcoin wallet because they are much safer in my eyes and its the fact that they are way more secured. Also the point is with a bitcoin wallet your are the one that is controlling your money and no one else.

groll

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Quote from: tabas on September 22, 2016, 12:26:48 AM

Quote from: resilientknight on September 21, 2016, 09:40:30 PM

I believe btc wallet is a very good option... it needs improvements, but you have to remember that the bank fees are still too high. To use the banks there is also the problem of centralization, and this is different using the btc wallet.

I agree that banks are really charging high fees and as well as hidden charges but for me fiat money are going to be safe in the bank if we want to secure our cash. And with the bitcoins that we have it is secure also for it is on a bitcoin wallet and it is the only storage that we can trusted online unless you are going to use hardware wallet, for me they are both good.

Yes they are both good on their respective purpose. Banks is for money and bitcoin is for bitcoin wallet. Banks is designed for our fiat currency. But we could always store our money to bitcoin wallet but be prepared on the fluctuation of your money. Bitcoin price is unstable and it could go up or down any moment.

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Quote from: tabas on September 22, 2016, 12:26:48 AM

Quote from: resilientknight on September 21, 2016, 09:40:30 PM

I believe btc wallet is a very good option... it needs improvements, but you have to remember that the bank fees are still too high. To use the banks there is also the problem of centralization, and this is different using the btc wallet.

I agree that banks are really charging high fees and as well as hidden charges but for me fiat money are going to be safe in the bank if we want to secure our cash. And with the bitcoins that we have it is secure also for it is on a bitcoin wallet and it is the only storage that we can trusted online unless you are going to use hardware wallet, for me they are both good.

We have no choice but to accept on their terms, it really depends on the total money you have, if you have a bigger amount of money, I think you would choose bank over bitcoin wallet as you are more concern on the security rather than convenience.

tabas

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Quote from: resilientknight on September 21, 2016, 09:40:30 PM

I believe btc wallet is a very good option... it needs improvements, but you have to remember that the bank fees are still too high. To use the banks there is also the problem of centralization, and this is different using the btc wallet.

I agree that banks are really charging high fees and as well as hidden charges but for me fiat money are going to be safe in the bank if we want to secure our cash. And with the bitcoins that we have it is secure also for it is on a bitcoin wallet and it is the only storage that we can trusted online unless you are going to use hardware wallet, for me they are both good.

resilientknight

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I believe btc wallet is a very good option... it needs improvements, but you have to remember that the bank fees are still too high. To use the banks there is also the problem of centralization, and this is different using the btc wallet.

poplolnman

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Quote from: Lokfar on September 21, 2016, 04:13:42 PM

The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.
Its just how you are wanting to spend your money and if you want to take some risks the bitcoin can be controlled by yourself.

no i guess the bitcoin are more safer 10 times than the banks , as in bitcoin it's decentralized means all money (bitcoin) you have are held by yourself and controlled by yourself , not to the third party like what banks did. so what else makes you prefer to choose bank instead bitcoin wallet?

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Quote from: CloudStrife on September 21, 2016, 05:55:32 PM

I believe that one of the safest options is the bitcoin wallet, and it is relatively practical to use. Despite many people are not familiar with this, I think that things can be different in the future.

The bitcoin wallet is safe but its insured like the banks are, I think to really store big amounts the bank is better, for low amounts you can choose the bitcoin wallet.
Another nice thing is that its self controllable and profitable too.

CloudStrife

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I believe that one of the safest options is the bitcoin wallet, and it is relatively practical to use. Despite many people are not familiar with this, I think that things can be different in the future.

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Quote from: CloudStrife on September 21, 2016, 05:09:45 PM

I believe each of them have different purposes, you can see that both, bank and bitcoin wallets, are good for different things. You can keep your money at a bank keeping it safe, but also have some profit on it holding the btcs into your wallet.

After seeing the profit from bitcoin I do not like to keep my money in banks and I do not have that much high business that I will need banks to keep my income and if in the future I will have to start a business I will try my best to adopt bitcoin to that business so that I will not have to rely on banks and I will not have to pay high fees of banks.

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Quote from: Lokfar on September 21, 2016, 04:13:42 PM

The bank is safer but with the bitcoin wallet you can way better make profit because its the bitcoin.

If you put it that way, then you need both to successfully make profit. 1- Send money from your bank to an exchange or service. 2- Hold till the price reaches a certain price level, and then sell. Or just use it for trading purposes. And when you want to cash out your coins, then you again need your bank account.

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