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Topic: Bank or Bitcoin Wallet? - page 29. (Read 230501 times)

hero member
Activity: 980
Merit: 523
September 18, 2016, 03:21:27 PM
i think that bitcoin wallet is much more better than bank wallet because bitcoin increasing its price too much faster day by day and bitcoin is very profitable and very secure than bank wallet and bank wallet have a huge fees and people face to a lot problem with bank wallet.
hero member
Activity: 714
Merit: 500
September 18, 2016, 02:32:59 PM
in terms of security, the bank is better than bitcoin wallet, because the banks protected by the government and an authorized financial institution
I disagree since the wallet protects you precisely form those banks and governments, that is something that the bank won’t do

If your bank account gets hacked then banks will stand in your support to recover your money, but if your bitcoin wallet gets hacked then there is a least chance to recover them.

Banks won't stand in your support. If it wasn't for their own advantage, they would never do it. They're helping you because not doing so would lower their reputation (imagine a website being hacked, money being stolen from users... now imagine the difference between him trying the best to take the money back and him leaving the Internet and going away with his profits caring nothing about their users). So they are both a bad option for long term (years) storage. Storing your money in  pure gold is the best option to rely on.
I hope that you do have a bank account and you know the rules and policy of banks, my account got hacked and bank returned me my entire money with interests, if you are not aware then don't make useless posts.
legendary
Activity: 1134
Merit: 1599
September 18, 2016, 02:30:46 PM
in terms of security, the bank is better than bitcoin wallet, because the banks protected by the government and an authorized financial institution
I disagree since the wallet protects you precisely form those banks and governments, that is something that the bank won’t do

If your bank account gets hacked then banks will stand in your support to recover your money, but if your bitcoin wallet gets hacked then there is a least chance to recover them.

Banks won't stand in your support. If it wasn't for their own advantage, they would never do it. They're helping you because not doing so would lower their reputation (imagine a website being hacked, money being stolen from users... now imagine the difference between him trying the best to take the money back and him leaving the Internet and going away with his profits caring nothing about their users). So they are both a bad option for long term (years) storage. Storing your money in  pure gold is the best option to rely on.
hero member
Activity: 714
Merit: 500
September 18, 2016, 02:16:04 PM
in terms of security, the bank is better than bitcoin wallet, because the banks protected by the government and an authorized financial institution
I disagree since the wallet protects you precisely form those banks and governments, that is something that the bank won’t do

If your bank account gets hacked then banks will stand in your support to recover your money, but if your bitcoin wallet gets hacked then there is a least chance to recover them.
hero member
Activity: 840
Merit: 502
September 18, 2016, 02:01:21 PM
in terms of security, the bank is better than bitcoin wallet, because the banks protected by the government and an authorized financial institution
I disagree since the wallet protects you precisely form those banks and governments, that is something that the bank won’t do
legendary
Activity: 3318
Merit: 1185
Playbet.io - Crypto Casino and Sportsbook
September 18, 2016, 09:07:34 AM
this saving money real money fiat money
iam choose bank, because very liquid, can get any time if need
diference bitcoin wallet you need and want buy something
your must exchange your bitcoin to fiat money can use buy something in real life
I think there is no difference with the bitcoin wallet because we can also get our money into fiat, bitcoin exchanges are open 24/7 and they do not sleep just to cater the bitcoin holders, unlike bank they only have their office hours and you cannot transact those times.

Yeah that is the major benefit of having a bitcoin wallet as you can transact at any point of time, but I still feel that we need banks too for our regular transactions.
just try to analyze, bitcoin users are not even 1 percent of the total users of bank therefore bank is more dominant and without bank bitcoin is worthless. People are relying on fiat as when they earn bitcoin they will easily cash out to fiat and spend their income.
hero member
Activity: 672
Merit: 503
September 18, 2016, 04:54:40 AM
this saving money real money fiat money
iam choose bank, because very liquid, can get any time if need
diference bitcoin wallet you need and want buy something
your must exchange your bitcoin to fiat money can use buy something in real life
I think there is no difference with the bitcoin wallet because we can also get our money into fiat, bitcoin exchanges are open 24/7 and they do not sleep just to cater the bitcoin holders, unlike bank they only have their office hours and you cannot transact those times.

Yeah that is the major benefit of having a bitcoin wallet as you can transact at any point of time, but I still feel that we need banks too for our regular transactions.
hero member
Activity: 952
Merit: 500
September 18, 2016, 04:50:01 AM
this saving money real money fiat money
iam choose bank, because very liquid, can get any time if need
diference bitcoin wallet you need and want buy something
your must exchange your bitcoin to fiat money can use buy something in real life
I think there is no difference with the bitcoin wallet because we can also get our money into fiat, bitcoin exchanges are open 24/7 and they do not sleep just to cater the bitcoin holders, unlike bank they only have their office hours and you cannot transact those times.
full member
Activity: 126
Merit: 100
September 18, 2016, 03:29:02 AM
this saving money real money fiat money
iam choose bank, because very liquid, can get any time if need
diference bitcoin wallet you need and want buy something
your must exchange your bitcoin to fiat money can use buy something in real life
hero member
Activity: 490
Merit: 500
September 18, 2016, 01:32:33 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.
I think although bitcoin wallet system at better than bank as you can control all your money without the intervention of third parties and the bank that owns the system bad enough as they can control all your money. but we can not choose one? because surely you will be trouble when just selecting only bitcoin?
legendary
Activity: 2240
Merit: 1069
September 18, 2016, 01:10:40 AM
in terms of security, the bank is better than bitcoin wallet, because the banks protected by the government and an authorized financial institution

Banks got a security but that is not unlimited. Like many things there are standard and limits. But yes overall the security is better, because when you got hacked with your bank account the bank will refund you (in most cases), with bitcoin that is different. When you got hacked, you will lose your coins forever. That's why I prefer the bank for security and bitcoin for speculation. In a way it's just an asset where we try to earn from. Having said that both are in their field equal and deserve a praise.

In this era, we still do not need to make a choice between banks or bitcoin wallet, fiat or bitcoin. We still need fiat for our daily needs and bitcoin for speculation and investment. If ever there comes a time when we can spend bitcoin for our daily needs, then maybe we can choose which suits our needs and which provides a better security, banks or bitcoin?
sr. member
Activity: 630
Merit: 250
September 18, 2016, 12:47:35 AM
Bitcoin wallet for me because it can grow your money in bitcoin because bitcoins value increase time by time. Bitcoin also can use to online investment so you can easily grow your money and also you can use it trading site the same reason for investment site. Bitcoin wallet also can easily monitor your money because you can see it in your android by using website and application of your using wallet.
sr. member
Activity: 476
Merit: 250
September 18, 2016, 12:39:02 AM
Both have their disadvantages- if you aren't a neat person or are lazy, a bank may still be a better choice in the end. Either way, having lots of freedom is something I enjoy and what most people in the world enjoy, so I use a bitcoin wallet. Smiley

bank is more popular than bitcoin, at this momenth it's very hard to use bitcoin in "real transaction"
and for safety saving, having fiat money is more safe than having bitcoin.

The reason why is that bitcoin is peer-to-peer unlike these establishments that we call "real banks" of course offer real transactions because there are lot of people who support these. So the legitimacy is unquestionable.
hero member
Activity: 490
Merit: 500
September 18, 2016, 12:24:17 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.
full member
Activity: 216
Merit: 100
September 17, 2016, 11:54:32 PM
I prefer botj.. Due to some may not accpt btc yet.. Atleast u have an alternative ways to use. Smiley

Same here, both bank and bitcoin wallet are good and important for my life. But for now, i always using bitcoin wallet than bank. Because i'm a bitcoin user and almost everyday i'm using bitcoin.
But, in my life banks are getting fade away after I am start using bitcoin. Because, I no longer prefer to use bank facilities for my financial needs as I am getting all the bank facilities are within bitcoin so quickly and almost free of cost.
hero member
Activity: 1008
Merit: 540
September 17, 2016, 11:41:51 PM
bank because it is better to save money there than in wallet
Yes but are better saving money where you can deposit you money and it will growing by 2% of your money its like investing in bank but it give you low percentage of earning and for me bitcoin wallet is the best saving money because price is not stable that there are chance bitcoin price will increase and you can gain profit .
sr. member
Activity: 420
Merit: 250
September 17, 2016, 09:54:48 PM
I prefer botj.. Due to some may not accpt btc yet.. Atleast u have an alternative ways to use. Smiley

Same here, both bank and bitcoin wallet are good and important for my life. But for now, i always using bitcoin wallet than bank. Because i'm a bitcoin user and almost everyday i'm using bitcoin.
member
Activity: 112
Merit: 10
September 17, 2016, 09:35:33 PM
iam use both them
in account bank iam several account and bitcoin wallet iam much wallet
this bank legal high secure and guaranted goverment
bitcoin very fast growth capital money
hero member
Activity: 3052
Merit: 685
September 17, 2016, 08:42:30 PM
Both have their disadvantages- if you aren't a neat person or are lazy, a bank may still be a better choice in the end. Either way, having lots of freedom is something I enjoy and what most people in the world enjoy, so I use a bitcoin wallet. Smiley

bank is more popular than bitcoin, at this momenth it's very hard to use bitcoin in "real transaction"
and for safety saving, having fiat money is more safe than having bitcoin.
I agree and even in the future, bank will never be surpass by bitcoin as bitcoin is just a currency use by less people online. Bank is a business of trust and people trust it.
legendary
Activity: 1316
Merit: 1145
September 17, 2016, 08:01:54 PM
Both have their disadvantages- if you aren't a neat person or are lazy, a bank may still be a better choice in the end. Either way, having lots of freedom is something I enjoy and what most people in the world enjoy, so I use a bitcoin wallet. Smiley

bank is more popular than bitcoin, at this momenth it's very hard to use bitcoin in "real transaction"
and for safety saving, having fiat money is more safe than having bitcoin.
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