Topic: Bank or Bitcoin Wallet? - page 64. (Read 230520 times)
i would choose bitcoin, it's price increased masive in a few years , and lot of people is using it so it will grow in the future
Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
thats true, i always use a bitcoin wallet because i dont want to be dependent on banks besides that i dont need to pay any fees for using bitcoinsBut aren't you still dependent on banks?
I'm sure most people buy bitcoins on online exchanges per bank wire.
Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
thats true, i always use a bitcoin wallet because i dont want to be dependent on banks besides that i dont need to pay any fees for using bitcoinsWhat kind of fees you are talking about? There are no annual fees if you hold saving accounts they will only charge if you don't maintain the average balance in your account, apart from that there are no fees involved.
Well if you own a companie you have a montly fee, and if you have credit card you pay as well a fee, soo i dont get why you saying there is no fee, this would happen if all the money you have is at savings. Banks can crash and they control your money soo why would we trust our bitcoint at banks to they control them and block them?
Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
thats true, i always use a bitcoin wallet because i dont want to be dependent on banks besides that i dont need to pay any fees for using bitcoinsWhat kind of fees you are talking about? There are no annual fees if you hold saving accounts they will only charge if you don't maintain the average balance in your account, apart from that there are no fees involved.
Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
thats true, i always use a bitcoin wallet because i dont want to be dependent on banks besides that i dont need to pay any fees for using bitcoins Bitcoin wallet can have problem with secority and if someone stole it we cant find who stole so i prefer Bank because they cant go anywhere and governments can follow them .
Well the same thing with banks when we are talking about security but we have assurance that the bank is responsible for taking good care for our money when it is deposited to them. And yeah, that's the hard part in bitcoin wallet if someone is going to that it is very hard to trace who got it.
It is just not worth the risk to hold most of your asset in bitcoin since with the current trend of it's value fluctuating. Banks are sitting in pretty comfort place due to stable fiat value. Otherwise, do not need to consider them for saving our assets.
Yeah bank is the safest place to store our money, even if the interest rates are not too high people are confident that nothing wrong will go with their money and banks will take best care of their savings.
Bitcoin wallet can have problem with secority and if someone stole it we cant find who stole so i prefer Bank because they cant go anywhere and governments can follow them .
Well the same thing with banks when we are talking about security but we have assurance that the bank is responsible for taking good care for our money when it is deposited to them. And yeah, that's the hard part in bitcoin wallet if someone is going to that it is very hard to trace who got it.
It is just not worth the risk to hold most of your asset in bitcoin since with the current trend of it's value fluctuating. Banks are sitting in pretty comfort place due to stable fiat value. Otherwise, do not need to consider them for saving our assets.
Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
I'm not familiar with banks that you pay for since all banks in our place actually gives you interest for using their banks and I've never had any problems with them, nor my family. For that reason, I'd still use banks over bitcoin wallets since the risk of losing value of bitcoin isn't something that you can just accept when you're holding huge amounts of bitcoins.He is talking about the costs for having a bank account including a card, and so on. For this you pay a certain amount per month. In most cases it's just a few bucks at most. Other than that, the interest rates banks are giving you for your money is just peanuts. It's not even worth your time. People nowadays get less than 1% interest per year, while they have to pay a tax of 1.5% per year... In that aspect people are losing out when saving.
Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.
But that's right the exchange site is like a bank but need to underline if you losing your funds in them, whether a guarantee for that? because that is very important. traders I prefer to leave their coins in exchanges because they consider about the fees they will get if making any transaction. maybe just a little but for a long time it's very enough amount.
It is your own risk to store bitcoins in an exchange, there has been plenty of warning not to, and people always ignore it.
i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
bitcoins are not secure at all because they can bankrupt easily and you would lose money, bitcoins are way safer to be honest thats why i use it
Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
I'm not familiar with banks that you pay for since all banks in our place actually gives you interest for using their banks and I've never had any problems with them, nor my family. For that reason, I'd still use banks over bitcoin wallets since the risk of losing value of bitcoin isn't something that you can just accept when you're holding huge amounts of bitcoins.
Bitcoin wallet is much safer and it doesn't cost any monthly fees unlike those banks with high unknown future risks.
i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
[/quote]bitcoins are not secure at all because they can bankrupt easily and you would lose money, bitcoins are way safer to be honest thats why i use it
[/quote]bitcoins are not secure at all because they can bankrupt easily and you would lose money, bitcoins are way safer to be honest thats why i use it
im confused with your opinion, are you thinking bitcoin is safe and secure ? or bitcoin is not a secure place?
i think both of them (bitcoin wallet and bank) is secure if you can safe the password and your internet connection too.
i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
bitcoins are not secure at all because they can bankrupt easily and you would lose money, bitcoins are way safer to be honest thats why i use it 
i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
There is no doubt that the bank is much secured because it has insurance of your money and also there are policies that you are the only one who can ask about the details of your account. while in bitcoin the dev will control your money and you do not know who they are.You can also have your money back if ever the bank will goes into a fraud one since bank users are protected by laws per country. Banks have lots of assets to be sold off so you have really a big chance to get back what will loss.
Yeah, indeed lost in a bank is much more profitable and will certainly get indemnity against the problems we do. Unlike the bitcoin, all the problems that we have experienced in the bitcoin will not get compensation because the bitcoin has no definite laws. using bitcoin only for profit and then move all the money into fiat is better
i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
There is no doubt that the bank is much secured because it has insurance of your money and also there are policies that you are the only one who can ask about the details of your account. while in bitcoin the dev will control your money and you do not know who they are.
i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
There is no doubt that the bank is much secured because it has insurance of your money and also there are policies that you are the only one who can ask about the details of your account. while in bitcoin the dev will control your money and you do not know who they are.You can also have your money back if ever the bank will goes into a fraud one since bank users are protected by laws per country. Banks have lots of assets to be sold off so you have really a big chance to get back what will loss.
Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.
But that's right the exchange site is like a bank but need to underline if you losing your funds in them, whether a guarantee for that? because that is very important. traders I prefer to leave their coins in exchanges because they consider about the fees they will get if making any transaction. maybe just a little but for a long time it's very enough amount.
It is your own risk to store bitcoins in an exchange, there has been plenty of warning not to, and people always ignore it.
Exchange sites did better used just for trading, and after that we have to quickly move all the funds that we use for trading (when finished) in order not to experience it. This may be a bit of a drain of funds we have, but this is the best way to secure a bitcoin
i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
There is no doubt that the bank is much secured because it has insurance of your money and also there are policies that you are the only one who can ask about the details of your account. while in bitcoin the dev will control your money and you do not know who they are. i rather choose bank because i feel its more secure. I use bitcoin for my investment and after that i cashout and deposit to my bank account to secure my money.
True both have their respective roles that I've found useful. Banks can save our money with security so it is suitable to keep money in the bank. And I use bitcoin for investment because we can take advantage of the fluctuations of bitcoin so it can be profitable.And I don't see any valid basis why people claims that banks are stealing away their money. They can file a lawsuit here to protect their rights. And no way banks will give rubbish to their name with just a small amount as their asset is very huge and large.
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