Topic: Bank or Bitcoin Wallet? - page 40. (Read 230501 times)
If you had to choose for the rest of your life and you want to be sure that bitcoins are safe enough dont buy bitcoin wallets because they are far from safe use banks for your money and cash the coins.
I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.
Nice thing of Bitcoin is that you don't need to convert it to your local currency as you would have to when you change USD to RUR for example. You can directly cash out your coins into any currency you wish. No hassle. Instead of bank accounts with several balances in different currencies, you have 1 balance with Bitcoin that you can split into any currency. Great advantage.
are you thinking you can't split your U.s dollar to other currency?
in my country i can convert us.dollar (payoal) to my local bank every day, only in minute
You didn't read my post properly. You can convert USD to any other kind of fiat currency, but there are conversion fees involved that can go up to 3% of the total amount. With Bitcoin you can directly cash out to your desired fiat currency without this conversion. That's what I meant.
Well in fact in bitcoin, if you are going to convert it directly to cash there are also fees but that is not too high so we can't feel the essence of fees as we are converting bitcoin to fiat. And that is going to be better to use bank to bitcoin or vice versa rather than paypal to bank. And both of them are useful banks and bitcoin wallets for storing our financial assets.
If I want to convert my coins to fiat via a certain service here, then I only pay around 0.5% in fees. That's very low compared to what you have to pay for other kind of conversions. And if I withdraw EUR from Bitstamp through SEPA, then the fees are only €0.90 per withdrawal. My minimum for withdrawing EUR is €1000 so that will be 0.09% in transaction fees.
What is not cheap? 0.5%? 0.09%? That aside, SEPA is a name for transactions within the Euro zone. The money gets sent to my bank account directly.
what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
For me the bank is allot saver that is just a fact, there is always a chance that you ad your wallets can get hacked and there is almost nothing that you can do about it. But if you want to invest in Bitcoin then you almost have no other choice.
Bank services have been an integral part of my eveyday life. Online banking has become an activity that I do almost on a daily basis. With bitcoin, it is more of a speculative investment rather than currency that I would use often. I am in the accumulation stage now and would continue to do so until such time that it's given me enough yield.
yes, I am also doing the same thing as you. I think in the bank more secure than bitcoin wallet.however, the bank has the responsibility and legality under the government. whereas bitcoin wallet not legal, anything can happen, even with hacker attacks. so I do not save too much money on bitcoin wallet and select more in banks. but some of the advantages of bitcoin wallet is very free, free to withdraw or send whenever and wherever.
I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.
Nice thing of Bitcoin is that you don't need to convert it to your local currency as you would have to when you change USD to RUR for example. You can directly cash out your coins into any currency you wish. No hassle. Instead of bank accounts with several balances in different currencies, you have 1 balance with Bitcoin that you can split into any currency. Great advantage.
are you thinking you can't split your U.s dollar to other currency?
in my country i can convert us.dollar (payoal) to my local bank every day, only in minute
You didn't read my post properly. You can convert USD to any other kind of fiat currency, but there are conversion fees involved that can go up to 3% of the total amount. With Bitcoin you can directly cash out to your desired fiat currency without this conversion. That's what I meant.
Well in fact in bitcoin, if you are going to convert it directly to cash there are also fees but that is not too high so we can't feel the essence of fees as we are converting bitcoin to fiat. And that is going to be better to use bank to bitcoin or vice versa rather than paypal to bank. And both of them are useful banks and bitcoin wallets for storing our financial assets.
If I want to convert my coins to fiat via a certain service here, then I only pay around 0.5% in fees. That's very low compared to what you have to pay for other kind of conversions. And if I withdraw EUR from Bitstamp through SEPA, then the fees are only €0.90 per withdrawal. My minimum for withdrawing EUR is €1000 so that will be 0.09% in transaction fees.
what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
See both of them have their own advantages and disadvantages. With bitcoin i could earn lot of money may be though faucet, mining site, trading or through bitcointalk but with bank I don't have such opportunities. And main reason for choosing both is many website don't accept bitcoin till now so I have to use both.
I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.
Nice thing of Bitcoin is that you don't need to convert it to your local currency as you would have to when you change USD to RUR for example. You can directly cash out your coins into any currency you wish. No hassle. Instead of bank accounts with several balances in different currencies, you have 1 balance with Bitcoin that you can split into any currency. Great advantage.
are you thinking you can't split your U.s dollar to other currency?
in my country i can convert us.dollar (payoal) to my local bank every day, only in minute
You didn't read my post properly. You can convert USD to any other kind of fiat currency, but there are conversion fees involved that can go up to 3% of the total amount. With Bitcoin you can directly cash out to your desired fiat currency without this conversion. That's what I meant.
Well in fact in bitcoin, if you are going to convert it directly to cash there are also fees but that is not too high so we can't feel the essence of fees as we are converting bitcoin to fiat. And that is going to be better to use bank to bitcoin or vice versa rather than paypal to bank. And both of them are useful banks and bitcoin wallets for storing our financial assets.
If I want to convert my coins to fiat via a certain service here, then I only pay around 0.5% in fees. That's very low compared to what you have to pay for other kind of conversions. And if I withdraw EUR from Bitstamp through SEPA, then the fees are only €0.90 per withdrawal. My minimum for withdrawing EUR is €1000 so that will be 0.09% in transaction fees.
Bank services have been an integral part of my eveyday life. Online banking has become an activity that I do almost on a daily basis. With bitcoin, it is more of a speculative investment rather than currency that I would use often. I am in the accumulation stage now and would continue to do so until such time that it's given me enough yield.
Of course bank is more better than bitcoin wallet, because it's really safe and we even get interest when we save our money in the bank. In the other hand, bitcoin wallet also good, but bank is more better.
You are not wrong dude but bitcoin wallet have some another benefit by using it . I means bitcoin wallet is the best place to store our bitcoin balance. It is enough safe rather than bank.
I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.
Nice thing of Bitcoin is that you don't need to convert it to your local currency as you would have to when you change USD to RUR for example. You can directly cash out your coins into any currency you wish. No hassle. Instead of bank accounts with several balances in different currencies, you have 1 balance with Bitcoin that you can split into any currency. Great advantage.
are you thinking you can't split your U.s dollar to other currency?
in my country i can convert us.dollar (payoal) to my local bank every day, only in minute
You didn't read my post properly. You can convert USD to any other kind of fiat currency, but there are conversion fees involved that can go up to 3% of the total amount. With Bitcoin you can directly cash out to your desired fiat currency without this conversion. That's what I meant.
Well in fact in bitcoin, if you are going to convert it directly to cash there are also fees but that is not too high so we can't feel the essence of fees as we are converting bitcoin to fiat. And that is going to be better to use bank to bitcoin or vice versa rather than paypal to bank. And both of them are useful banks and bitcoin wallets for storing our financial assets.
I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.
Nice thing of Bitcoin is that you don't need to convert it to your local currency as you would have to when you change USD to RUR for example. You can directly cash out your coins into any currency you wish. No hassle. Instead of bank accounts with several balances in different currencies, you have 1 balance with Bitcoin that you can split into any currency. Great advantage.
are you thinking you can't split your U.s dollar to other currency?
in my country i can convert us.dollar (payoal) to my local bank every day, only in minute
You didn't read my post properly. You can convert USD to any other kind of fiat currency, but there are conversion fees involved that can go up to 3% of the total amount. With Bitcoin you can directly cash out to your desired fiat currency without this conversion. That's what I meant.
Bitcoin wallets are certainly a better option, despite the fact they need improvements. Bank fees are too high and there is the problem of centralization, which may endanger some of the users funds.
I think for the time being although bitcoin wallet has a smaller fee than the fee incurred by the bank every transaction. but this time we use fiat currency as a main and it requires us to use the bank as well. although the bank has a system inferior to bitcoin walletOf course bank is more better than bitcoin wallet, because it's really safe and we even get interest when we save our money in the bank. In the other hand, bitcoin wallet also good, but bank is more better.
Absolutely, bank has insurance of the money inside their vault even the interest of your saving is very small you are very sure that your money will never lost while in the bitcoin it will gives us great return of investment but it is very risky to put huge money because there is no assurance that they will dispense your money.! 
Of course bank is more better than bitcoin wallet, because it's really safe and we even get interest when we save our money in the bank. In the other hand, bitcoin wallet also good, but bank is more better.
You dont need bank for nothing,you need a work,sure you must pay fees to government and they use bank,but well lets say with cash in hands you can pay anywhere.You can send money at same country to other person when the person has the same bank as yours,try to send to another bank into the same country,bitcoin as a fee that is pennies being a small or high transaction soo always bitcoin would win.
I would choose to use both, since that they are really useful in my life. In case you have lost money from one source, then keep it also on the bank to prevent in case you lose some bitcoin, to have a guarantee.
But after I will get my bitcoin Debit card, I will no more use any bank, as I have all the features with bitcoin and I will not need any service of bank after bitcoin.
I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.
of course, I agree with you. both have advantages and disadvantages of each. by keeping both of us can have a better future as well. That's why I believe that both have important roles in different situations.
because both are also needed, required under the conditions that we experience.
It's different for each person, but it would be nice to see an explanation as to why you think that a bank has only disadvantages. Banks offer a wide variety of services for different kinds of people. From high level businesses, to just a normal person having a bank account. For each user type there is a service interesting enough to make use of.
I personally use both, I'm saving bitcoin to sell at highest price, and I'm saving fiat currency into the bank to buy bitcoin at a lower price.
That's why I believe that both have important roles in different situations.
of course, I agree with you. both have advantages and disadvantages of each. by keeping both of us can have a better future as well. That's why I believe that both have important roles in different situations.
because both are also needed, required under the conditions that we experience.
I would choose to use both, since that they are really useful in my life. In case you have lost money from one source, then keep it also on the bank to prevent in case you lose some bitcoin, to have a guarantee.
I think that bank and bitcoin wallet can't be compared, cause it using for different currencies with different stuff inside, but i can say that im using both.
As mentioned by above mate, bitcoin wallet and banks differ exactly in terms of usage and accessibility, but due to the increased acceptance bank were preferred by most users and upon other technology advancement bitcoin and digital currencies were getting acceptance continuously.
It's very true dude, that most people accept bitcoin and banks. because both of these have different roles and really help some people problems. This is something that is good for all of us and I think that this all must also always be improved or supported so that in the future we can get something better
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