Bank or Bitcoin Wallet? - page 45. | Bitcointalksearch.org

mirakal

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Quote from: chineseprancing on August 31, 2016, 11:52:11 PM

Quote from: klf on August 31, 2016, 11:25:41 PM

Quote from: ImHash on August 31, 2016, 11:09:23 PM

I would chose bitcoin wallet as long as it's a desktop wallet where I can control my coins.
When you think about it it's the best thing to do just turn your fiat in to bitcoins and be your own bank on your own computer or any other device you use.

Still, I feel banks are better secured, and it is just my opinion. Also, I don't keep all my money in the currency which is fluctuating quite a lot on daily basis. But I consider bitcoin as an investment option and put some of my money into it and enjoying the profits and never even think of keeping all my money in bitcoins.

That is true that bank is still secured we can say if there is rob our money in the bank we do not have to worry that our money will never recover! Bank has insurance that what ever bad happens come to your money in the custody of bank your money will return to you 100%. While in bitcoin i do not think it can recover it.

The interest you can earn from deposits is not really a big amount but you will let go of that as what you are after is that your savings will be insured. I do that with my finances, I save my money in the bank while my investment were stored in my wallet. Therefore both are useful to me.

goinmerry

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Quote from: chineseprancing on August 31, 2016, 11:52:11 PM

Quote from: klf on August 31, 2016, 11:25:41 PM

Quote from: ImHash on August 31, 2016, 11:09:23 PM

I would chose bitcoin wallet as long as it's a desktop wallet where I can control my coins.
When you think about it it's the best thing to do just turn your fiat in to bitcoins and be your own bank on your own computer or any other device you use.

Still, I feel banks are better secured, and it is just my opinion. Also, I don't keep all my money in the currency which is fluctuating quite a lot on daily basis. But I consider bitcoin as an investment option and put some of my money into it and enjoying the profits and never even think of keeping all my money in bitcoins.

That is true that bank is still secured we can say if there is rob our money in the bank we do not have to worry that our money will never recover! Bank has insurance that what ever bad happens come to your money in the custody of bank your money will return to you 100%. While in bitcoin i do not think it can recover it.

That is one more good reason why people are still staying in this industry. They are insured they know they are protected so they have nothing to worry. While in bitcoin, due to its unpredictable stage it is not that safe and most of the people dont want too much risk. That is why I believe that people that invested in bitcoin are really courageous ones.

chineseprancing

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Quote from: klf on August 31, 2016, 11:25:41 PM

Quote from: ImHash on August 31, 2016, 11:09:23 PM

I would chose bitcoin wallet as long as it's a desktop wallet where I can control my coins.
When you think about it it's the best thing to do just turn your fiat in to bitcoins and be your own bank on your own computer or any other device you use.

Still, I feel banks are better secured, and it is just my opinion. Also, I don't keep all my money in the currency which is fluctuating quite a lot on daily basis. But I consider bitcoin as an investment option and put some of my money into it and enjoying the profits and never even think of keeping all my money in bitcoins.

That is true that bank is still secured we can say if there is rob our money in the bank we do not have to worry that our money will never recover! Bank has insurance that what ever bad happens come to your money in the custody of bank your money will return to you 100%. While in bitcoin i do not think it can recover it.

klf

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Quote from: ImHash on August 31, 2016, 11:09:23 PM

I would chose bitcoin wallet as long as it's a desktop wallet where I can control my coins.
When you think about it it's the best thing to do just turn your fiat in to bitcoins and be your own bank on your own computer or any other device you use.

Still, I feel banks are better secured, and it is just my opinion. Also, I don't keep all my money in the currency which is fluctuating quite a lot on daily basis. But I consider bitcoin as an investment option and put some of my money into it and enjoying the profits and never even think of keeping all my money in bitcoins.

ImHash

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I would chose bitcoin wallet as long as it's a desktop wallet where I can control my coins.
When you think about it it's the best thing to do just turn your fiat in to bitcoins and be your own bank on your own computer or any other device you use.

madwica

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Quote from: techfm86 on August 31, 2016, 04:18:24 PM

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

Do not say it is much secured than bank that is not correct because bank has a insurance of your money while in bitcoin there is no assurance if your money will take you out in your wallet that is risky.
But i have both, bitcoin is for investment while bank is for my lifetime saving of my money.

techfm86

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

skylighters

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banks are really bad to be honest thats why i use as much bitcoins as possible

BitcoinPaw

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Bitcoin wallet is something new for me and it's good, but anyway banking system is trusted and interesting but now so good for people who is working with cryptocurrencies.

gerXhonza

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Quote from: livinglegend on August 31, 2016, 01:43:33 PM

The banks offer you a lot of services that may drain your money. The fees depend on the banking service you use, of course. These things do not happen with bitcoin though.

We need both of them, I have a real life business and my business transactions are dependent on banks and I also get business loans from bank in huge amount depend on my transactions which is not possible with bitcoins.

richardsNY

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Quote from: fravia on August 31, 2016, 09:37:11 AM

Quote from: Saigon_Bitcoin on August 30, 2016, 11:37:38 PM

For now i will choose bank. Because for daily use i used fiat for transaction and not many people using bitcoin. But maybe in the future when everybody use bitcoin i will choose using bitcoin.

if i had a chance i would definitely not use banks to be honest because bitcoin wallets are way better as they allow you to safely keep money

The safety of your wallet files depend on you, and not your wallet client. Its not that when you use a Bitcoin client that your holdings are secure. You are responsible for that. PC security, not downloading weird stuff, not visiting shady websites. All things you have to look out for when it comes to safety.

livinglegend

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The banks offer you a lot of services that may drain your money. The fees depend on the banking service you use, of course. These things do not happen with bitcoin though.

fravia

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Quote from: Saigon_Bitcoin on August 30, 2016, 11:37:38 PM

For now i will choose bank. Because for daily use i used fiat for transaction and not many people using bitcoin. But maybe in the future when everybody use bitcoin i will choose using bitcoin.

if i had a chance i would definitely not use banks to be honest because bitcoin wallets are way better as they allow you to safely keep money

Saigon_Bitcoin

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For now i will choose bank. Because for daily use i used fiat for transaction and not many people using bitcoin. But maybe in the future when everybody use bitcoin i will choose using bitcoin.

Achargeturry78

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Just follow the rules

Quote from: lawnmowerIO on August 30, 2016, 11:09:02 PM

Bitcoin wallets allow a greater deal of control over funds, while bank accounts often offer insurance on funds. At a practical level, there are strengths & weaknesses to either approach.

yes you are right bitcoin wallets allow more transaction in one day and it is easy to use than bitcoin account you can also use bitcoin anonymously because the address the only who is showing if you are going to send or transact someone and for the banks you need to update your account

gAtOtkOcO

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I think use of bitcoins wallet instead of bank wallet is good. beacuse with the use of bitcoin wallet we remain always independent to spent money anytime anywhere without tax. using bitcoin wallet we can send money everywhere anytime without any problem. thus we can say that use of bitcoin wallet is more efficient for the use of own currency without limit.

lawnmowerIO

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Bitcoin wallets allow a greater deal of control over funds, while bank accounts often offer insurance on funds. At a practical level, there are strengths & weaknesses to either approach.

jerowacik

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Quote from: freedomgo on August 30, 2016, 10:46:30 PM

Quote from: Wong_Djadoel on August 30, 2016, 09:54:09 PM

Totally choose bitcoin wallet...easy, smooth..and the transaction fee also low, bank have so many requirement...

Banks has more requirements because it is safer compared to bitcoin, putting your money in bitcoin wallet is a form of investment but if you are saving, maybe bank is the right venue to save your money, banks offers insurance so any loss of money will be refunded.

\so true . bank security is guaranteed because the bank has a level of security and guarantees higher. banks are also monitored and always given more attention by the government of a country.

freedomgo

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Quote from: Wong_Djadoel on August 30, 2016, 09:54:09 PM

Totally choose bitcoin wallet...easy, smooth..and the transaction fee also low, bank have so many requirement...

Banks has more requirements because it is safer compared to bitcoin, putting your money in bitcoin wallet is a form of investment but if you are saving, maybe bank is the right venue to save your money, banks offers insurance so any loss of money will be refunded.

Wong_Djadoel

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Totally choose bitcoin wallet...easy, smooth..and the transaction fee also low, bank have so many requirement...

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