Bank or Bitcoin Wallet? - page 8. | Bitcointalksearch.org

StarofBTC

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Quote from: danherbias07 on October 14, 2016, 12:40:46 PM

Quote from: Ashtongue on October 14, 2016, 12:34:15 PM

Bank is way more safe than a bitcoin wallet but I like bitcoin wallets more because bitcoin wallets give more freedom.
So in the end I'd choose for bitcoin wallets cause I like my privacy and freedom more than the safety of a bank.

If it is an offline bitcoin wallet then it will be okay. But if you will be stacking your coins in a bitcoin wallet exchange then you might get a lot of problems. Look at the news somewhere two months ago and you will see what happened. That incident is not the first. Better be careful.

An exchange address never can be a bitcoin wallet, moreover it is not a personal wallet too. But, unfortunately many people are still considering using exchange addresses as their personal wallet, by ignoring the hard lessons they learnt in the past. Instead of believing in to a private exchange, you can believe into a government bank.

danherbias07

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Quote from: Ashtongue on October 14, 2016, 12:34:15 PM

Bank is way more safe than a bitcoin wallet but I like bitcoin wallets more because bitcoin wallets give more freedom.
So in the end I'd choose for bitcoin wallets cause I like my privacy and freedom more than the safety of a bank.

If it is an offline bitcoin wallet then it will be okay. But if you will be stacking your coins in a bitcoin wallet exchange then you might get a lot of problems. Look at the news somewhere two months ago and you will see what happened. That incident is not the first. Better be careful.

Ashtongue

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Bank is way more safe than a bitcoin wallet but I like bitcoin wallets more because bitcoin wallets give more freedom.
So in the end I'd choose for bitcoin wallets cause I like my privacy and freedom more than the safety of a bank.

dinda22

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Quote from: molsewid on October 14, 2016, 11:47:32 AM

Quote from: mace15 on September 28, 2016, 02:10:31 AM

I would rather choose bank instead of bitcoin wallet. Its a safer place
to keep my money in bank rather than bitcoin wallet. Why?
Because bitcoin wallet is not safe to keep your money. We all
know that bitcoin price is volatile and you have to keep monitoring
your btc if it grows or lesses the amount.!

Truth i rather choose bank too because banks really gives me benefits in life not like bitcoin i can only use that as currencies and earn money from internet. But if i will going to use bank then it is more safer right than bitcoin wallet? Bitcoin wallet is not scam and it is vulnerable in hacking or anything that we do not expected to happen.

if we are talking about the safety and comfort, yes I also chose the bank, at least when we lost in the bank there are companies that will be responsible for our funds, but instead when storing in bitcoin wallet and lost, will never return. also true what you say about the price volatility. when storing the bitcoin wallet, your estimate of the amount can go down drastically.
however some bitcoin wallet advantages is the ease of use, anonymous and we can fully control also sent whenever and wherever.

molsewid

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Quote from: mace15 on September 28, 2016, 02:10:31 AM

I would rather choose bank instead of bitcoin wallet. Its a safer place
to keep my money in bank rather than bitcoin wallet. Why?
Because bitcoin wallet is not safe to keep your money. We all
know that bitcoin price is volatile and you have to keep monitoring
your btc if it grows or lesses the amount.!

Truth i rather choose bank too because banks really gives me benefits in life not like bitcoin i can only use that as currencies and earn money from internet. But if i will going to use bank then it is more safer right than bitcoin wallet? Bitcoin wallet is not scam and it is vulnerable in hacking or anything that we do not expected to happen.

agustina2

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Quote from: Daniel91 on October 14, 2016, 10:30:47 AM

Well, I use Bitcoin because I like it, and I also use my bank account because I had to.
My boss will not give me salary in Bitcoin but in our local currency and accounting office will send payments to my bank account.
I also have loan in the bank and for this payments I also must have ''real'' currency on my bank account.
I can't put BTC funds in my bank account.
So, right now, I can just keep my BTC funds in the wallet, sell or buy, or trade.
I hope it will change in the near future.

You can put your bitcoin in your bank account in different form.

Convert your bitcoin into fiat and deposit it. Well a hassle one but a good way. Better than nothing.

In this way you can use your bitcoin "if you really" wants to use it.

AncilVTwo

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This depends on the individual to be honest so for me i'd rather go to bitcoins.
Bitcoin can't be defeat by any banks. Instead of defeating it majority of the banks will adopt bitcoins.
For them to maintain their customer to put savings in their bank by using Bitcoins. But honestly they are both important.

Daniel91

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Well, I use Bitcoin because I like it, and I also use my bank account because I had to.
My boss will not give me salary in Bitcoin but in our local currency and accounting office will send payments to my bank account.
I also have loan in the bank and for this payments I also must have ''real'' currency on my bank account.
I can't put BTC funds in my bank account.
So, right now, I can just keep my BTC funds in the wallet, sell or buy, or trade.
I hope it will change in the near future.

agustina2

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Quote from: madwica on October 13, 2016, 09:34:02 PM

We need to choose both it is great if we have that at the same time, bitcoin is good for investment and fast income using their methods of earning while bank is good for investment (savings) for back up and safest way to put our money.

No doubt that we need banks today as most of the bitcoin exchanger relies on bank services so that we can able to convert our bitcoin.

Well at least in my country it needs bank services in most of the cases. Just don't know in other places.

Qunenin

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I prefer wallets that do not download the blockchain, but that is up to you. I like where I can take that back up from USB and be running in a short period of time on a new or different PC. That is a personal choice, but the idea is that the USB has a working, up to date copy of your wallet info.

virasog

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Quote from: --Encrypted-- on October 04, 2015, 09:02:38 PM

with banks, you are trusting them to keep your money. with bitcoin wallet, you only need to trust yourself and no one else. personally I'd go with bitcoin wallet, but most people still needs banks.

Banks are what they are. A Bitcoin wallet, the best for long term being a software variety, are pretty safe. You need to back them up, back up the wallet dat and keep that separate from the PC that has the wallet on it. Do frequent back ups and make sure that you keep that safe.

madwica

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We need to choose both it is great if we have that at the same time, bitcoin is good for investment and fast income using their methods of earning while bank is good for investment (savings) for back up and safest way to put our money.

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Quote from: error08 on October 13, 2016, 05:12:12 PM

Quote from: dearbesz1219 on October 13, 2016, 01:04:06 AM

Quote from: addy boy on October 04, 2015, 01:05:29 PM

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.

I will choose bank of course! why do the banks are afraid of bitcoin? Maybe because they don't want to loose their client or customer.
why banks are not much smooth and faster like bitcoin? I think banks cannot give low charge of fees in every transaction rather bitcoin is very low in every transaction. And can't solve the problem to our mining.

Well, we need both of it because bitcoin wallet can't do a few things like banks, many if us simply convert bitcoin into fiat money through banks transaction. I think bitcoin wallet and banks have it own advantages

Both of them already make a complete step for everyone are wanna converting their money, especially for bitcoins. that is will be difficult if the one aspect is completable. so for some bitcoiners the bank and bitcoin are filling the each other for becoming a complete step for bitcoiners.

DeDordtenaar

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Quote from: 23dzmaz on October 13, 2016, 02:17:32 AM

Well, both are good bank and bitcoin wallet, but i rather pick Bank than bitcoin wallet, because if we stored our money at the bank, we will get interest.

yeah I know when you save money in the bank surely you will benefit from the interest you get, but I can assure you that if you only have a little money in the bank, it will not be able to help because of the administrative costs of each month would be spent interest you get in bank lol

error08

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Quote from: dearbesz1219 on October 13, 2016, 01:04:06 AM

Quote from: addy boy on October 04, 2015, 01:05:29 PM

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.

I will choose bank of course! why do the banks are afraid of bitcoin? Maybe because they don't want to loose their client or customer.
why banks are not much smooth and faster like bitcoin? I think banks cannot give low charge of fees in every transaction rather bitcoin is very low in every transaction. And can't solve the problem to our mining.

Well, we need both of it because bitcoin wallet can't do a few things like banks, many if us simply convert bitcoin into fiat money through banks transaction. I think bitcoin wallet and banks have it own advantages

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Quote from: marcuslong on October 13, 2016, 09:45:35 AM

Quote from: X-ray on September 11, 2016, 03:22:13 AM

Quote from: marcuslong on September 11, 2016, 03:04:54 AM

Quote from: Ewinsane on August 23, 2016, 09:44:55 AM

i think bitcoin wallet is much more better bank wallet because bitcoin wallet is too much safer and bitcoin transaction fees is very and available everywhere for online shopping.

Let's put some twist on your side , How did you say so that bitcoin wallet is better than back wallet? is just because bitcoin wallet is much more safer? how about the bank ? Can you there have Customer support where if you need something you can make a call to them and banks and atm also can make transaction more easier than bitcoin.

in my honest opinion,bank have so many advantages on the security if you compare to bitcoin wallet just see that bank guaranteed your money when got hacked or whatelse as long you can prove that you're really losing the money in other side when you just once hacked and your money lost then it's lost,but you will be also forced to pay the monthly or weekly fees

Yes it always had so much advantages in security and if someone stolen your money you can bring it back because there are logs that who really stole it not like bitcoin once it send to the unknown address you can't sure that it will bring back it to you bitcoin is just for making money.

The logs won't help you if money travels overseas, or is withdrawn from bank accounts. Usually, banks take the losses if they are at fault.
You have to be careful with your money - whether it is in bitcoin wallet or in the bank account.

The_Dark_Knight

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Quote from: JumperX on October 08, 2016, 10:28:52 PM

Quote from: goldcoinminer on October 08, 2016, 09:50:51 PM

Quote from: Doamader on October 08, 2016, 05:58:22 PM

Quote from: bitcoinisbest on October 08, 2016, 01:11:24 PM

Undoubtedly it will be bank which in existence for years now rather than some few years back the wallet has appeared. In today's technological world even bank account is on mobile and internet banking so any ones choice as future of wallet still knot known.

Soo why are you at this forum if you dont like or believe into bitcoin, and this forum its a bitcoin and crypto forum, go to the fiat forums, makes no sense your reply at all, anyway i do believe you will regret as well your choise of bank, bitcoin means freedom since the begining, if you do like to be restricted keep with banks.

He is just trying to express his opinion on the reality, banks are really more better when it comes to protecting our funds, you will realize that dude if you have millions of money, the big question is would you put that in bitcoin wallet or deposit it into your bank accounts.

Everyone wants that their money should be safe and insured and that protection you get only if you save that money in banks as if your bitcoi wallet gets hacked then there is no possibility to recover your money.

Your money is insured if a thief stole it but what if the banks and governments are doing the stealing? No one protects you then, that is why bitcoin offers even better protection since it protects you form banks and governments.

Superbitzz

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i think both have their own place and we cannot ignore the one, as we use banks in our daily life for various activities where as bitcoin wallets are use for keeping and using bitcoin and that is the new tend and we cannot ignore the use of bitcoin.

marcuslong

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Quote from: X-ray on September 11, 2016, 03:22:13 AM

Quote from: marcuslong on September 11, 2016, 03:04:54 AM

Quote from: Ewinsane on August 23, 2016, 09:44:55 AM

i think bitcoin wallet is much more better bank wallet because bitcoin wallet is too much safer and bitcoin transaction fees is very and available everywhere for online shopping.

Let's put some twist on your side , How did you say so that bitcoin wallet is better than back wallet? is just because bitcoin wallet is much more safer? how about the bank ? Can you there have Customer support where if you need something you can make a call to them and banks and atm also can make transaction more easier than bitcoin.

in my honest opinion,bank have so many advantages on the security if you compare to bitcoin wallet just see that bank guaranteed your money when got hacked or whatelse as long you can prove that you're really losing the money in other side when you just once hacked and your money lost then it's lost,but you will be also forced to pay the monthly or weekly fees

Yes it always had so much advantages in security and if someone stolen your money you can bring it back because there are logs that who really stole it not like bitcoin once it send to the unknown address you can't sure that it will bring back it to you bitcoin is just for making money.

mirakal

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Quote from: FlightyPouch on October 13, 2016, 09:11:51 AM

Quote from: addy boy on October 04, 2015, 01:05:29 PM

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.

Bitcoin Wallet is really efficient, so i will choose Bitcoin Wallet. Bank is in the past Grin

LOL! you are so funny, if you are saying bitcoin is better because bank is in the past then we should not be using fiat to measure the value of bitcoins we are holding, I am sure you are one of those who earn here but do easily withdraw your bitcoins to bank.

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