Topic: Bank or Bitcoin Wallet? - page 7. (Read 230431 times)
bank as I can do refund if some hacking happen because the bank is responsible for not securing my account/money for any incident regarding loss of money in my account . Bitcoin wallet is secure as long as its offline and you dont have any save password on your pc that can access thru malware or some other viruses.
A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
The advantage with bitcoin wallet is that you can have total control of your funds and you don't have to higher fees for transactions that you have to pay to banks and with banks you need to follow their guidelines strictly.
If I take myself as an example, then everything I do within my country, is free of charge.
I only pay a small fee of around €1 per month for my banking package that includes a bank card and an electronic device for my internet banking. That's all it costs me.
A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
The advantage with bitcoin wallet is that you can have total control of your funds and you don't have to higher fees for transactions that you have to pay to banks and with banks you need to follow their guidelines strictly.
This is truly a precise explaination regarding on those two things and i agree with this because bitcoin you have a full control on your money and regarding fund transfers it would really cost you a little small amount only compare on bank transfers but somehow bank are more secure for me in terms of storing your fiat though.
That's true banks are more safer to save our money and the fact is the usage of fiat is higher at a moment in compare to bitcoins and for that we need banks for our day to day transactions in fiat.
I'd be happy to use a bank and get ~ 50% of my money bailed in.
https://www.rt.com/business/cyprus-crisis-bailout-deposit-631/
https://www.rt.com/business/cyprus-crisis-bailout-deposit-631/
A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
The advantage with bitcoin wallet is that you can have total control of your funds and you don't have to higher fees for transactions that you have to pay to banks and with banks you need to follow their guidelines strictly.
A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
The advantage with bitcoin wallet is that you can have total control of your funds and you don't have to higher fees for transactions that you have to pay to banks and with banks you need to follow their guidelines strictly.
This is truly a precise explaination regarding on those two things and i agree with this because bitcoin you have a full control on your money and regarding fund transfers it would really cost you a little small amount only compare on bank transfers but somehow bank are more secure for me in terms of storing your fiat though.
A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
The advantage with bitcoin wallet is that you can have total control of your funds and you don't have to higher fees for transactions that you have to pay to banks and with banks you need to follow their guidelines strictly.
A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
That's true our money is more safe with the banks as if we our bank account gets hacked then banks will help us in recovering our money but the same is not the case with bitcoin wallet, once bitcoins lost its impossible to recover them.
Who says that once bitcoins are lost or hacked, nobody will help you recover them???
There are people in real world who can trace these hackers or thieves and they are caught, the coins will be found too...
So, ain't this a possibility of your coins to get back restored to you???
I don't think that is possible in real world to recover your coins once they are gone from your wallet and I haven't seen any people who will help you in recovering your stolen coins.
I'm with using Bitcoin wallets IMO, it's cheaper, easier and more convenient plus it's a decentralized method therefore more with the concepts of bitcoin like anonymity and the privacy it offers more than a bank with your information linked to the account.
hello all,
how about bitcoin cloud mining ? should one invest in bitcoin cloud mining.
how about bitcoin cloud mining ? should one invest in bitcoin cloud mining.
That's true our money is more safe with the banks as if we our bank account gets hacked then banks will help us in recovering our money but the same is not the case with bitcoin wallet, once bitcoins lost its impossible to recover them.
Who says that once bitcoins are lost or hacked, nobody will help you recover them???
There are people in real world who can trace these hackers or thieves and they are caught, the coins will be found too...
So, ain't this a possibility of your coins to get back restored to you???
If you've been able to trace the thief, could you get your coins back?
If the thief has already sent it to another address. Or will you have enough proof to arrest him?
I don't think so. That's what we are talking about here. Because bitcoin only gives us one-way transaction.
That's true our money is more safe with the banks as if we our bank account gets hacked then banks will help us in recovering our money but the same is not the case with bitcoin wallet, once bitcoins lost its impossible to recover them.
Who says that once bitcoins are lost or hacked, nobody will help you recover them???
There are people in real world who can trace these hackers or thieves and they are caught, the coins will be found too...
So, ain't this a possibility of your coins to get back restored to you???
if I have to choose I still choose for the bank because your money is insured if something happens and I also do not trust a unstable currency that can fall down on a day..
I think its too risky to do this!
I think its too risky to do this!
That's true our money is more safe with the banks as if we our bank account gets hacked then banks will help us in recovering our money but the same is not the case with bitcoin wallet, once bitcoins lost its impossible to recover them.
The security of your coins is fully depending on how you are setting up and securing everything. If you have poor security on your PC for example, and you have just an average password on your wallet file, then of course the chance of a hacker seizing your wallet file, and successfully brute forcing it, will be high.
if I have to choose I still choose for the bank because your money is insured if something happens and I also do not trust a unstable currency that can fall down on a day..
I think its too risky to do this!
I think its too risky to do this!
That's true our money is more safe with the banks as if we our bank account gets hacked then banks will help us in recovering our money but the same is not the case with bitcoin wallet, once bitcoins lost its impossible to recover them.
Those are just one of the things that has to be enhanced by cryptocurrencies although I think some altcoins have better security and i'm pretty sure the best is yet to come. So at the moment banks are more safer but only for safekeeping as it won't do much to enchance your money compared to cryptocurrency. The crypto world is still a work in progress and investing on it yields a big return.
if I have to choose I still choose for the bank because your money is insured if something happens and I also do not trust a unstable currency that can fall down on a day..
I think its too risky to do this!
I think its too risky to do this!
That's true our money is more safe with the banks as if we our bank account gets hacked then banks will help us in recovering our money but the same is not the case with bitcoin wallet, once bitcoins lost its impossible to recover them.
I would choose bitcoin wallet instead of bank because in that way I can control everything myself. I can control my money, I can spend it anytime I like, anywhere hassle-free.
Recently, I was deceived in the bank. I took out a loan and paying monthly fees, but it turned out that I paid very little, but did everything under the contract, and in the end I should as much money for fifteen years. Therefore, banks will not believe at all.
if I have to choose I still choose for the bank because your money is insured if something happens and I also do not trust a unstable currency that can fall down on a day..
I think its too risky to do this!
I think its too risky to do this!
I would go for the bitcoin wallet because on that way I can simply manage my own money and no one can do something with it, you can use it globally too and its also more safe for myself.. harder to spent.
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