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Topic: Bitcoin Is Better Than Any Banks And Any Other Third Parties - page 3. (Read 5001 times)

sr. member
Activity: 742
Merit: 251
I think it's yes to me. because it's easy to use¬ need to go outside i meant not need to go bank we can withdraw in home¬ take too much time.
sr. member
Activity: 265
Merit: 250
You will never feel freedom with banks. Bitcoin is about freedom.
hero member
Activity: 1400
Merit: 571
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.

Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.

How bitcoin helps for your life?

Banks have higher fees than bitcoin because it is not like bitcoin, which is decentralized. And yes, bitcoin helps many people in every way, specially those people who have problems about financial, but bitcoin solved that problem, and that is awesome and banks can't do it. Earning bitcoin is free for everyone who is willing to do bitcoin, it is not like fiat which you have to have a degree or talent to earn, because in bitcoin, the only requirement is you are willing to do it, you are dedicated to it.

And it changed me, bitcoin changed me for the better, bitcoin also helps me with my financial problem and now, I am not asking money anymore to my mother whenever I want to buy something that I want, because all I need to do is to convert a certain amount of bitcoin that I need, just simple as that.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
I think yes, bitcoin is better than any banks because we can control our bitcoin,
many beneficial bitcoin than the banks or other third parties.
Include if we will send the money to other people with different countries,
bitcoin will be more fast, cheap than use banks and any other third parties.

i like your said about we can control our bitcoin and yes i am agree with you. there is more benefits from bitcoin that we can use, and we know that to send our bitcoin is cheap. we can send that amount to other people, without have any limitations, and the best thing we only wait for completing the confirming of the transaction. but unfortunately, we need to wait at least one hour to completing the transaction but i think its no problem at all.

and for me, i believe that bitcoin is helping me to earn money from doing trading bitcoin pair altcoin and exchange bitcoin to fiat when the price is high.
hero member
Activity: 1806
Merit: 672
I think yes, bitcoin is better than any banks because we can control our bitcoin,
many beneficial bitcoin than the banks or other third parties.
Include if we will send the money to other people with different countries,
bitcoin will be more fast, cheap than use banks and any other third parties.

Sending bitcoins is very fast and with just one click of the finger you have already send an amount to any parts of the world on which banks cannot do. Aside from that you will enjoy the interest rates of your bitcoin from the price inflation in the market while the banks doesnt give you sufficient interest rates. Bitcoin gives you 10$ to 50% or more yearly while banks has only 1 to 2 % in their time deposit.
The fact that we can control it is a good idea because we know where to spend it and where to use it. But it also leads us to a downside which there will be no guaranteed safety that your Bitcoin/Money will be lost because with our owns I cant guarantee you it is not safe as a bank on how they secure and protect your money. Also there is a ton of features that banks can give you that Bitcoin cannot.
hero member
Activity: 994
Merit: 544
I think yes, bitcoin is better than any banks because we can control our bitcoin,
many beneficial bitcoin than the banks or other third parties.
Include if we will send the money to other people with different countries,
bitcoin will be more fast, cheap than use banks and any other third parties.

Sending bitcoins is very fast and with just one click of the finger you have already send an amount to any parts of the world on which banks cannot do. Aside from that you will enjoy the interest rates of your bitcoin from the price inflation in the market while the banks doesnt give you sufficient interest rates. Bitcoin gives you 10$ to 50% or more yearly while banks has only 1 to 2 % in their time deposit.
sr. member
Activity: 280
Merit: 250
every currency had institution have their own perspective and motiv and everyone have advantange and diadvantage of their services. so I would support bitcoin over traditinal banking system as it is highly secure and safe and it doesn't get hacked easily. but with banking system it is difficult to send and receive money. we have to go a long process to get our money transferred and even then we are unsure of its safety in various website. butcoin wis completely fearless for me.
sr. member
Activity: 381
Merit: 250
Yeah,I also think that
bitcoin is better than any
other banks because bitcoin
makes your transaction easier
and and it is a great way of income.
hero member
Activity: 518
Merit: 500
I think yes, bitcoin is better than any banks because we can control our bitcoin,
many beneficial bitcoin than the banks or other third parties.
Include if we will send the money to other people with different countries,
bitcoin will be more fast, cheap than use banks and any other third parties.
I must, unfortunately, say that it's not true that bitcoin is faster than the bank or other third parties such as PayPal in term of sending money. It's right that bitcoin is far cheaper than PayPal or even your local bank but sometimes the transaction takes more than 15 minutes whereas with third parties or bank your money will arrive at the destination as soon as you click the send button, even with the international transaction.
With bitcoin we can have full control of our funds, it might be one of the main advantages when you're using bitcoin but when you're facing the security problem such as hacking activities and so on which make your money get lost, there's no insurance to cover this.
Yes but use Paypal is more complecated than use bitcoin for sending money between countries,
as we know it is revisible payment the payment can be canceled.
Also Paypal needs our identity if we want use it for large amount transaction,
I have used Paypal with limited account until righ now it is still can not be used
they have bad costumers services that is my experience using third parties.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
I think yes, bitcoin is better than any banks because we can control our bitcoin,
many beneficial bitcoin than the banks or other third parties.
Include if we will send the money to other people with different countries,
bitcoin will be more fast, cheap than use banks and any other third parties.
I must, unfortunately, say that it's not true that bitcoin is faster than the bank or other third parties such as PayPal in term of sending money. It's right that bitcoin is far cheaper than PayPal or even your local bank but sometimes the transaction takes more than 15 minutes whereas with third parties or bank your money will arrive at the destination as soon as you click the send button, even with the international transaction.
With bitcoin we can have full control of our funds, it might be one of the main advantages when you're using bitcoin but when you're facing the security problem such as hacking activities and so on which make your money get lost, there's no insurance to cover this.
hero member
Activity: 518
Merit: 500
I think yes, bitcoin is better than any banks because we can control our bitcoin,
many beneficial bitcoin than the banks or other third parties.
Include if we will send the money to other people with different countries,
bitcoin will be more fast, cheap than use banks and any other third parties.
legendary
Activity: 1218
Merit: 1007
Bitcoin has been helpful not just to us, but for those merchants too who are not just interested in earning something which has a fixed value, but who want something that's emerging as a currency with higher liquidity in order to get something high for the same amount they get few time back, even the other day.
member
Activity: 117
Merit: 100
Bitcoin provides a great option to send and receive payments online for people in my country, it's relatively hard to use the regular payment processors here like Skrill, Neteller. And therefore bitcoin covers that need. although it's still not massively adopted, but it would be working in the direction of making the needed population make use of it.
hero member
Activity: 574
Merit: 500
"BuyWithBitcoin.info", if not Bitcoin, we would never become partners, that's why i love Bitcoin Smiley.
We can now make a living from it!
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
Well, bitcoin is better than it all. bitcoin help my life by giving me a monthly income, although it is not too much, but I felt that it was enough to make me better. Any Banks And Any Other Third Parties have never made my life better. so, I feel that bitcoin is better than them.
hero member
Activity: 3206
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
It is true but I can't say yet that Bitcoin has defeated the purpose of Banks. Right now Bitcoin has lesser function compared to banks. Banks can do credit payments which bitcoins cannot, Bank payments is almost accepted eveywhere while Bitcoin is not, and also Banks can protect your money without depending on you which is a big factor to determine if Bitcoin is really better than any banking system.
Maybe the applications of bitcoin payments or the entire system might be limited but the freedom and advantages one individual person may get would be more when comparing against traditional banking system. The definition for a  better system might be differing person to person and hence even you statements are true, bitcoin is sailing in different directions.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
It's not so easy. BTC are easy to get for migrants in Europe, but it's difficult and expensive for their relatives in Somalia or Chad to convert those BTC into local currency.
legendary
Activity: 1414
Merit: 1001
for the current bitcoin payments tends a way that is very easy and practical. I am a person who has high mobility.
I will use bitcoin every day. This is a new lifestyle in the world today.
hero member
Activity: 1806
Merit: 672
It is true but I can't say yet that Bitcoin has defeated the purpose of Banks. Right now Bitcoin has lesser function compared to banks. Banks can do credit payments which bitcoins cannot, Bank payments is almost accepted eveywhere while Bitcoin is not, and also Banks can protect your money without depending on you which is a big factor to determine if Bitcoin is really better than any banking system.
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
Not just in transaction fees, even earning Bitcoins is easy for them. And no one can compare the Bitcoin transactions with Bank transactions. Banks are too outdated, slow and cost u hefty fees in many countries.  Sad

I think bank and bitcoin we cant compare like that. We know the bank is not the currency, they are legal institutions that manage money. Unlike bitcoin, bitcoin is digital "currency". Moreover, at this time we still need a bank, no bank we could not take our bitcoin. Due to the difficulty using bitcoin in buying our needs.

For op, bitcoin is very helpful in my life. With bitcoin student like me can make money without having to get out of the house. Thank you

That's what I meant. Earning and transacting Bitcoin has become more popular and easy now than anything. People who know about Bitcoins and earn them are more likely to use Bitcoins than in fiat.  Smiley
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