Bank or Bitcoin Wallet? - page 83. | Bitcointalksearch.org

gerXhonza

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Quote from: Cresciuanto on July 22, 2016, 12:56:14 PM

Quote from: Yutikas_11920 on July 22, 2016, 11:13:04 AM

Quote from: Doamader on July 22, 2016, 09:38:53 AM

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc

yes there is no doubt about this that in present time bank is more dominant of wallet but i can eunsure you that in near future you will see that most of the people are now using online wallet instead of bank.

Tell me one thing if you have an option to use both and take benefits from both then why would you go for a single option, everyone wants maximum benefits and that can be achieved if you use both of them.

smho_16

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I think we need them both. For the moment bank account can be widely used for many more things than bitcoin wallet. For example one of the major international market relies on Paypal for its transactions of buying and selling like ebay for example. Still the bank account has some limitation like huge fees when transfering high amount of money, they may ask you question about this movement of such high amount of money. Bitcoin wallet is great in this as you can transfer any amount of money without anyone asking you anything and with very low fees. That's why for the moment we need both. I am not saying we need bank account cause we can withdraw bitcoin there from our wallet through exchanges no because we can exchange it also via Western Union or Money Gram. I am just saying we need them both because we are in this point of the online economy where we need both.

raj1

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bank has legalization and some fixed rules over their money system but bitcoin wallets are controled by users and i will take bitcoin wallet

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Quote from: Doamader on July 22, 2016, 09:38:53 AM

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

I've only had savings bank accounts and instead of charging me for holding my money, they are actually pitching in because interests. I know for a fact that there are different banks because of reasons, and yours and mine are good examples of them.

I would prefer banks partly for that reason (interest rates), but mainly because I feel like I can trust them more with my money than wallets as of yet.

Cresciuanto

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Quote from: Yutikas_11920 on July 22, 2016, 11:13:04 AM

Quote from: Doamader on July 22, 2016, 09:38:53 AM

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc

yes there is no doubt about this that in present time bank is more dominant of wallet but i can eunsure you that in near future you will see that most of the people are now using online wallet instead of bank.

JessicaSe

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Quote from: Doamader on July 22, 2016, 09:38:53 AM

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

Yeah and I think at this stage we cannot rely only on bitcoin as there are many facilities available with banks which bitcoin can never offer, so I think both are important.

Yutikas_11920

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Quote from: Doamader on July 22, 2016, 09:38:53 AM

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc

Doamader

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Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

agustina2

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Quote from: praprata on July 21, 2016, 03:59:58 PM

Quote from: HatakeKakashi on July 21, 2016, 12:51:52 PM

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.

Then who's the sole responsible for the case you stated? Is it because of banks? So users don't have a fault? A wise person will never give such any important thing to other person via phone call.

And what do you mean about banks holds the past? Can you explain it clearly?

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Quote from: CroSany on July 21, 2016, 03:41:49 PM

If yo want withdrawal your kney which you earn on sites which are using bitcoin cryptifurrency it is better to have both because how you will withdrawal your money if you dont have bank account opened to receive money?

You are right it is better if you are going to have both of it. Because we all know that your money in bank is always been safe at all.
And also in bitcoin wallet your bitcoins there are safe at all. So if you are going to open a savings account in the bank for sure you are going to start out saving your money because it can motivate you.

Labumi

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Quote from: icecube45 on July 22, 2016, 08:04:43 AM

Quote from: ?? on ??

Quote from: Beinglove on July 22, 2016, 07:32:12 AM

Bank and Bitcoin cannot be compared. We all know that Bitcoin aims is to take over banking system. However, so far many people who use Bitcoin take Bitcoin as an investment only. However, as time goes on, the bank and Bitcoin can be on the same field of competition.

Well you are right, they are different thing and have different uses. Bank is for our real money or fiat money. And bitcoin wallet is for our bitcoins.
And it is better if you are going to use both and you don't have to choose only one, as long as you are going to manage it properly and don't
get involve with illegal things.

True both very necessary and it takes all of us. We use bitcoin wallet for investment and profit, we also use the bank for the transaction and print the money and also save it. Bank and bitcoin wallet usefulness of each that can provide benefits.

Precisely, because of the 2 second platforn money has uses and benefits of each. So we don't need to do anything that would badly ourselves or disfigure among platforn money. For bitcoin is now in dire need of the banks and the banks also need a Bitcoin

BossMacko

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Why do we have to choose on Bank or Bitcoin wallet. When we can use both , We cannot make all flat money to Bitcoin and stock it in Bitcoin wallet because price of Bitcoin goes up and goes down. It is safer to have money on Bitcoin wallet and in the bank.

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Quote from: praprata on July 21, 2016, 03:59:58 PM

Quote from: HatakeKakashi on July 21, 2016, 12:51:52 PM

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.

Is easy to take any prevention, if we getting a crime anytime from a criminal.
compared with getting scam in BTC I surely more easy to taking the prevention in a bank. and there are parties can help you about your cases like the police.

icecube45

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Quote from: Beinglove on July 22, 2016, 07:32:12 AM

Bank and Bitcoin cannot be compared. We all know that Bitcoin aims is to take over banking system. However, so far many people who use Bitcoin take Bitcoin as an investment only. However, as time goes on, the bank and Bitcoin can be on the same field of competition.

Well you are right, they are different thing and have different uses. Bank is for our real money or fiat money. And bitcoin wallet is for our bitcoins.
And it is better if you are going to use both and you don't have to choose only one, as long as you are going to manage it properly and don't
get involve with illegal things.

True both very necessary and it takes all of us. We use bitcoin wallet for investment and profit, we also use the bank for the transaction and print the money and also save it. Bank and bitcoin wallet usefulness of each that can provide benefits.

escrowboy

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Quote from: HatakeKakashi on July 21, 2016, 12:51:52 PM

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Bitcoin is not 100% anonymous that's why people use mixer. We have different definition of small amount and most of micro payment that pays really small can't be done because fee is higher than the funds that's going to be send. Transferring your coins depends on how big the amount your going to transfer, higher amounts take more time and some take atleast 30-1 hour.

Banks is not secure is what you think, because they put limit on how much you can withdraw money. There are banks that go bankruptcy because of country's debt. Banks can't scam people but people that fooling people like making a website that deceive people it's a bank can scam.

Beinglove

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Bank and Bitcoin cannot be compared. We all know that Bitcoin aims is to take over banking system. However, so far many people who use Bitcoin take Bitcoin as an investment only. However, as time goes on, the bank and Bitcoin can be on the same field of competition.

abugseuf

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Quote from: Das on July 21, 2016, 03:45:30 AM

For now, it is best to have both a bank account and a bitcoin wallet. The world is gradually moving to a stage where we all keep our money in bitcoins, but until then, both are invaluable.

yes i am 100 percent agree with you. i think in present time we cannot ignore the importance on one. the bank has its own importance which bitcoin wallet has its one. because in present time we are not 100 percent depending on bitcoin therefore i think bank is also important in present time.

mehdiktflow

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Quote from: addy boy on October 04, 2015, 12:05:29 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.

hey man its not a question that the new world order people and the federal reserve invented dollars and they took it to a crisis and the gave the solution to people and that is the digital coins and believe me they will go to a crisis to because the real currencys that should be in the world are gold and silver .. with gold and silver they will be no crisis and now after finishing with digital coins gold will return and all this mean that what ever u do theu will control ur money to their benefits whether choose banks or bitcoin Cry

abugseuf

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Quote from: praprata on July 21, 2016, 03:59:58 PM

Quote from: HatakeKakashi on July 21, 2016, 12:51:52 PM

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.

to me i think may be in future the wallet have more value that bank but in present time we cannot ignore the importance of both the bank and the wallet. both have their own importance and both are in our own favour.

praprata

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Quote from: HatakeKakashi on July 21, 2016, 12:51:52 PM

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.

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