Do you still use Banks ? | Bitcointalksearch.org

pusaka

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Quote from: lizarder on December 20, 2023, 08:59:39 AM

Quote from: pusaka on December 19, 2023, 10:27:43 AM

Yes, I am also one of those people who still use banks, because there is no other choice for me so I still have to continue using money, especially since it is true that crypto is used as a commodity asset, and legal payments are still using fiat money.
I often shop at online shops and I always use a bank for the payment method, even though there is a pay-on-site feature, for me personally I am not comfortable because I am worried that the item I ordered will arrive while I am not at home, so I pay through the available payment methods, one of which is a bank.
I think it will take a very long time if I want to move away from using banks.

More simply use a bank to support your daily life, both to buy goods and other needs, and for the rest, use Crypto for investment assets. If both can be used simultaneously there is no harm because in our time we must be able to keep up with all developments.

Yeah obviously I use both and I use them from different sides. Maybe I can transact with crypto, but it's only with friends who are also using it.
If we look at the times, there are now a lot of digital wallets that offer convenience for their users. In fact, I don't see any young people who don't have a digital wallet or e wallet.
I also sometimes use it, besides banks I also use e wallets. Inevitably we have to keep up with developments, including challenges like this. And undeniably, it has its benefits before we can really use crypto fully in all aspects.

Z_MBFM

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Quote from: _act_ on December 13, 2023, 09:47:51 AM

I hold bitcoin and few shitcoins. But that is for investment and store if value. Store of value for Bitcoin. Gambling for altcoins. So I convert altcoins to bitcoin or stable coin when it is time.

I still use fiat because people in my country are buying and selling with fiat. You will find it hard and frustrating to buy with bitcoin or other crypto. I prefer to use crypto, but the way my country is do not let me.

Every country needs fiat money to meet daily expenses. And to keep money safe you must use a bank and that's why every person must use a bank because so far in every country around the world Bitcoin can't be used legally and payments can't be made everywhere like debit and credit cards and that's why we still have banks Although we know about and use Bitcoin. Bitcoin is a potential currency, but it has yet to create an environment for widespread use. But maybe in the future people will accept Bitcoin everywhere but it will take many years. therefore, it is not possible to avoid banks at present yet

lizarder

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Quote from: pusaka on December 19, 2023, 10:27:43 AM

Yes, I am also one of those people who still use banks, because there is no other choice for me so I still have to continue using money, especially since it is true that crypto is used as a commodity asset, and legal payments are still using fiat money.
I often shop at online shops and I always use a bank for the payment method, even though there is a pay-on-site feature, for me personally I am not comfortable because I am worried that the item I ordered will arrive while I am not at home, so I pay through the available payment methods, one of which is a bank.
I think it will take a very long time if I want to move away from using banks.

More simply use a bank to support your daily life, both to buy goods and other needs, and for the rest, use Crypto for investment assets. If both can be used simultaneously there is no harm because in our time we must be able to keep up with all developments.

For purchasing problems in online stores, you can visit stores that already have many followers and read descriptions of people's comments. I have a clothing shop and so far I have had an online shop ordering service, now you don't need to come to the shop to shop because there are quite a lot of online shop services available that people can use. There are two payment models that you can use, paying directly with the bank or following the COD system.

icalical

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I would say I currently trusting my fund to Bank more than to BTC not because Bank is better or more secured, I think Bitcoin is more secured, but currently Bitcoin is not a legal tender in my country.I don't have other options, I need to have Bank account to swap my Bitcoin into local fiat so I can spend the money to fulfill my needs.

There maybe other option like Bitcoin Debit Card, but it's very rare in here, and the fee to use it is too expensive. And I believe I am not the only one, I think most people in this forum has the same case with me.

bakasabo

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Quote from: Ben Barubal on December 19, 2023, 11:09:52 PM

I don't have a bank account, but most people still use the bank, and the majority still trust the bank. The only ones who don't trust the bank are mostly communities here in the cryptocurrency business.

And I may still have trust in the bank but I don't think of putting a large amount in the bank, I would rather hold money for cryptocurrency than Bitcoin. Of course that's because I have an idea and knowledge about cryptocurrency compared to the bank.

I dont know where you are from, but how are you getting paid for a job? I havent seen an employer for long time, that pays in cash. Either all you do are part-time jobs, or work as a handyman, or you are paid in envelopes. Cant imagine if you would have to purchase something expensive. You going to bring a briefcase with cash or what? How you going to solve the situation, when your amount of cash starts to grow physically? First store in a wallet, than in a small bag, briefcase, luggage bags different sizes, cupboard and so on?

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Quote from: reagansimms on December 19, 2023, 11:20:54 PM

Quote from: TimeTeller on December 18, 2023, 06:48:45 PM

Quote from: gabbie2010 on December 18, 2023, 04:40:46 PM

I prefer all my major or bulk of my assets in cryptocurrency rather than save it as fiat in a bank In fact to make matter worst there is a growing high rate of inflation in my country thus saving my money in my local currency in the bank amount to losses in the long run instead I converted it to Bitcoin and hodl in a wallet I only sell bit via P2P if necessity warranted me to do so and get some fiat that is fiat needed for my daily upkeep is save in the bank, meanwhile I don't think I have any challenges with the safety of my Bitcoin with regards to whether the wallet can be hacked or not I have already put in place the necessary features to protect the wallet.

Every person has their own preference on how they will store their assets.
Some are really going all in into crypto, that is, if they are already in this market and have the knowledge on how things are going here.
But I believe, the majority of the population are still tied up with their banks one way or another.
And most crypto users here are still using banking services for so many reasons, such as mortgage, salary, remittance among others.

There are reasons that cannot be ignored why people still trust banks as a place to store Fiat. The population's relationship with banks is still very close, even though most of them have assets in the form of Cryptocurrency, they still set aside a certain amount of money in bank accounts.
The existence of banks is also still very helpful for people, such as sending money as wages and services, shopping online and as savings for daily needs. Crypto players who really understand crypto market conditions will always allocate some of their money in anticipation so that their assets are not disturbed when they need money.

I agree that banks provide familiarity and security for daily transactions and deposits. But aren't we clinging to the past? Cryptocurrencies are driving financial change. As crypto fans, we know blockchain technology can change how we transact and value. This is about joining an unstoppable movement toward decentralization and financial autonomy, not just making payments or stockpiling riches

Smart crypto investors strategize, not just gamble. They understand the importance of diversification. By investing in fiat and crypto, they're smart and safe. In an increasingly volatile financial market, this is about being prepared for everything, not simply hedging bets. This is a mentality transformation, not just an investment plan. The future belongs to blockchain supporters who grasp its potential to transform our banking system. Banks have their role, but the future? It's blockchain-powered, digital, and decentralized

legiteum

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Quote from: Ben Barubal on December 19, 2023, 11:09:52 PM

I don't have a bank account, but most people still use the bank, and the majority still trust the bank. The only ones who don't trust the bank are mostly communities here in the cryptocurrency business.

And I may still have trust in the bank but I don't think of putting a large amount in the bank, I would rather hold money for cryptocurrency than Bitcoin. Of course that's because I have an idea and knowledge about cryptocurrency compared to the bank.

You don't have a bank account? I don't mean to pry, but how exactly do you pay your internet bill, or electricity bill? How do you pay for dinner when you go out to eat? Just carry a ton of physical cash around?

bounceback

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Population with person using bitcoin around the world under 1% and I don't sure with many people not use Bank for their transaction, how possibility when going to traditional market and there are only acceptable cash payment will allow to pay using bitcoin? fiat payment difficult acceptable in traditional market and how possibility with bitcoin using for payment currency indeed just fewest countries support with bitcoin payment. Not blame with bitcoin benefit when adopting as payment transaction but some time when huge traffic of block confirmation how to get benefit using bitcoin as payment transaction waiting more than one days for receiving bitcoin fund?
I can't ignore using bank although in the future bitcoin have been legal payment transaction in my country because many people still not get enough knowledge using bitcoin.

Bloodseekers

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Quote from: reagansimms on December 19, 2023, 11:20:54 PM

There are reasons that cannot be ignored why people still trust banks as a place to store Fiat. The population's relationship with banks is still very close, even though most of them have assets in the form of Cryptocurrency, they still set aside a certain amount of money in bank accounts.
The existence of banks is also still very helpful for people, such as sending money as wages and services, shopping online and as savings for daily needs. Crypto players who really understand crypto market conditions will always allocate some of their money in anticipation so that their assets are not disturbed when they need money.

I agree with you, even though they already have crypto assets, they still keep their money in the bank for their shopping needs and also send their money because not everyone uses crypto and it is not possible to make payments using crypto, so you still have to have fiat money to be able to they shop for the necessities they need and also pay for the work services they need.
I myself only use the bank to send money and also shop online and also use crypto to invest because I think saving too much money in the bank will not be profitable for me and will only benefit the bank.

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Quote from: Ben Barubal on December 19, 2023, 11:09:52 PM

I don't have a bank account, but most people still use the bank, and the majority still trust the bank.

If you don't have a bank account, how can you buy Bitcoin? Are offline outlets still widely available in your country? I'm skeptical about that.

Quote from: Ben Barubal on December 19, 2023, 11:09:52 PM

The only ones who don't trust the bank are mostly communities here in the cryptocurrency business.

I don't think so. As long as cryptocurrency relies on the internet for faster development, internet banking becomes the preferred choice for many people to buy cryptocurrency. Whether it's a peer-to-peer purchase or through an exchange, you'll still need a bank or PayPal for money transfers. Unless you enjoy the hassle of buying with cash. That would take up time and space and is not very practical.

Quote from: Ben Barubal on December 19, 2023, 11:09:52 PM

And I may still have trust in the bank but I don't think of putting a large amount in the bank, I would rather hold money for cryptocurrency than Bitcoin. Of course that's because I have an idea and knowledge about cryptocurrency compared to the bank.

Can your knowledge of cryptocurrency make you richer than the richest person who keeps their money in the bank? Cryptocurrency isn't a life-or-death thing, so you can still make the most of what a bank offers if you want to.

reagansimms

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Quote from: TimeTeller on December 18, 2023, 06:48:45 PM

Quote from: gabbie2010 on December 18, 2023, 04:40:46 PM

I prefer all my major or bulk of my assets in cryptocurrency rather than save it as fiat in a bank In fact to make matter worst there is a growing high rate of inflation in my country thus saving my money in my local currency in the bank amount to losses in the long run instead I converted it to Bitcoin and hodl in a wallet I only sell bit via P2P if necessity warranted me to do so and get some fiat that is fiat needed for my daily upkeep is save in the bank, meanwhile I don't think I have any challenges with the safety of my Bitcoin with regards to whether the wallet can be hacked or not I have already put in place the necessary features to protect the wallet.

Every person has their own preference on how they will store their assets.
Some are really going all in into crypto, that is, if they are already in this market and have the knowledge on how things are going here.
But I believe, the majority of the population are still tied up with their banks one way or another.
And most crypto users here are still using banking services for so many reasons, such as mortgage, salary, remittance among others.

There are reasons that cannot be ignored why people still trust banks as a place to store Fiat. The population's relationship with banks is still very close, even though most of them have assets in the form of Cryptocurrency, they still set aside a certain amount of money in bank accounts.
The existence of banks is also still very helpful for people, such as sending money as wages and services, shopping online and as savings for daily needs. Crypto players who really understand crypto market conditions will always allocate some of their money in anticipation so that their assets are not disturbed when they need money.

Ben Barubal

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I don't have a bank account, but most people still use the bank, and the majority still trust the bank. The only ones who don't trust the bank are mostly communities here in the cryptocurrency business.

And I may still have trust in the bank but I don't think of putting a large amount in the bank, I would rather hold money for cryptocurrency than Bitcoin. Of course that's because I have an idea and knowledge about cryptocurrency compared to the bank.

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Quote from: Fullbear2222 on December 13, 2023, 09:37:28 AM

We have cryptocurrency you still use Banks ?

The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it

I like bitcoin in all angles of use case but I'm limited to use it, in fact ban by CBN in my country. You still expect me to go ahead and do against the laws? The commercial banks and other financial system were ban from facilitating bitcoin transaction. Now imagine, I have some bitcoin, how can I spend it even if I can use p2p to change to fiat, it's still involve fiat which must be from the banks because you need to spend it and the locals recongnize it as one and only legal tender

Some people that use fiat use them because it's the law and what the court hold to protect and you don't dare go against it because something you want instead of what they want. However, let me ask you, how do you plan to pay this huge fees on transaction on a single input and output everyday, don't think it is the best for daily use transactions though.

legiteum

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Quote from: Fullbear2222 on December 13, 2023, 09:37:28 AM

Im using only cryptocurrency debit cards and they always work better than bank.

Um, um, um... Debit cards are provided by... banks. The world wide credit card system is connected to... banks. What am I missing here?

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Quote from: pusaka on December 19, 2023, 10:27:43 AM

Quote from: lizarder on December 19, 2023, 09:06:04 AM

Quote from: bakasabo on December 19, 2023, 04:22:02 AM

I hold crypto and still use banks. Hard to imagine nowadays life without banks. Payments with cash are limited or monitored (if you buy something that cost 1000+ EUR with cash, you need to show ID, or payments more than 5000 EUR arents allowed in cash in general). We are so used to paying with card or app, that cash is no longer needed. While crypto swings from side to side like small boat during the storm, while there is no clear understanding with fees, people will still use banks

In general banks are still needed by most people because the only reason why people still use them is because this is a product that has been around for a long time and is guaranteed by the government. Banks limit payments using ATMs because of limited transaction limits but people usually use Tellers to send more and maybe the queuing process makes people a little more bored of waiting. But because there is no other choice, whether people like it or not people will continue to use this method as an easy step to choose.

Crypto is used or permitted only as a commodity asset in my country so people will definitely use banks as a product whose legality is much more guaranteed by the authorities. Because if people insist on using crypto, they will face legal problems regarding any payments in my country.

Yes, I am also one of those people who still use banks, because there is no other choice for me so I still have to continue using money, especially since it is true that crypto is used as a commodity asset, and legal payments are still using fiat money.
I often shop at online shops and I always use a bank for the payment method, even though there is a pay-on-site feature, for me personally I am not comfortable because I am worried that the item I ordered will arrive while I am not at home, so I pay through the available payment methods, one of which is a bank.
I think it will take a very long time if I want to move away from using banks.

Why would really be having that kind of confusion if you could really be able to make use of both? You wont really be needing to choose up if you could have both on which making use of both
things on which you would really be preferring into .Whether we do like it or not on making use of banks but still they would really be that relevant no matter what on which it would really be just that a common
approach that they would really be that still be used despite of crypto boom. There are services and features on which we cant really be able to resist on making use of banks.
Good thing about crypto existence is that we do really have at least the choice on things that we do tend to do.

It is really just that there are people who are really that hating up banks so much when it comes on being centralized which is really that totally
opposing when making use of cryptocurrencies but we wont really be that blind on not to see about its pros and cons too.

moneystery

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bitcoin offers security, decentralization and transparency for transactions, especially for international transactions it helps users who want to transact more quickly. but even so, what bitcoin offers doesn't make me replace the bank i have now with bitcoin completely because there are many things i can do with a bank that i can't do with bitcoin, and vice versa.

for example, for loans you can get them from banks, payments to merchants, vehicle and home financing, local transactions between people with lower fees, and even for bitcoin to cash withdrawals you use bank services. and therefore you are too naive to completely replace banks with bitcoin because it is almost impossible.

and what's more, satoshi's goal in creating bitcoin was not to replace banks, but to create an alternative payment that complements banking features.

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Quote from: TimeTeller on December 18, 2023, 06:48:45 PM

Quote from: gabbie2010 on December 18, 2023, 04:40:46 PM

I prefer all my major or bulk of my assets in cryptocurrency rather than save it as fiat in a bank In fact to make matter worst there is a growing high rate of inflation in my country thus saving my money in my local currency in the bank amount to losses in the long run instead I converted it to Bitcoin and hodl in a wallet I only sell bit via P2P if necessity warranted me to do so and get some fiat that is fiat needed for my daily upkeep is save in the bank, meanwhile I don't think I have any challenges with the safety of my Bitcoin with regards to whether the wallet can be hacked or not I have already put in place the necessary features to protect the wallet.

Every person has their own preference on how they will store their assets.
Some are really going all in into crypto, that is, if they are already in this market and have the knowledge on how things are going here.
But I believe, the majority of the population are still tied up with their banks one way or another.
And most crypto users here are still using banking services for so many reasons, such as mortgage, salary, remittance among others.

All the services and styles you listed above are good, crypto is not the only way to store and make money, in fact, to me, crypto is still a very risky way to store and make money. It's the people who started investments in this crypto-era that are often freaked with this, I know the risk of investments, so I distribute my money wisely instead of believing that cryptocurrency is one safe-haven. I wonder how some people talk about cryptocurrency, some hardly have any money in their banks due to this. Fine, it's their money, but I would like them to be thinking once in a while if something bad just happened in the crypto space, how would they feel? This is why no matter how an investment means is sure for you or even makes you happy, you need to diversify your portfolio, it is the best. There is nothing wrong with investing in other physical properties even as investing you in cryptocurrencies. Banks' investments is not so discouraging but guaranteed in most cases, and the same is the investment in some companies that can give you as high as 20% per annum. One shouldn't think about the bigness of the money all the time, big money investments sometimes entrap.

pusaka

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Quote from: lizarder on December 19, 2023, 09:06:04 AM

Quote from: bakasabo on December 19, 2023, 04:22:02 AM

I hold crypto and still use banks. Hard to imagine nowadays life without banks. Payments with cash are limited or monitored (if you buy something that cost 1000+ EUR with cash, you need to show ID, or payments more than 5000 EUR arents allowed in cash in general). We are so used to paying with card or app, that cash is no longer needed. While crypto swings from side to side like small boat during the storm, while there is no clear understanding with fees, people will still use banks

In general banks are still needed by most people because the only reason why people still use them is because this is a product that has been around for a long time and is guaranteed by the government. Banks limit payments using ATMs because of limited transaction limits but people usually use Tellers to send more and maybe the queuing process makes people a little more bored of waiting. But because there is no other choice, whether people like it or not people will continue to use this method as an easy step to choose.

Crypto is used or permitted only as a commodity asset in my country so people will definitely use banks as a product whose legality is much more guaranteed by the authorities. Because if people insist on using crypto, they will face legal problems regarding any payments in my country.

Yes, I am also one of those people who still use banks, because there is no other choice for me so I still have to continue using money, especially since it is true that crypto is used as a commodity asset, and legal payments are still using fiat money.
I often shop at online shops and I always use a bank for the payment method, even though there is a pay-on-site feature, for me personally I am not comfortable because I am worried that the item I ordered will arrive while I am not at home, so I pay through the available payment methods, one of which is a bank.
I think it will take a very long time if I want to move away from using banks.

KiaKia

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If you know of anyway to keep money off banks and still be able to get everything you want then please tell me, because it's impossible to do all things that requires money without using your bank

I don't keep money in the bank, but when I am in need of things or let's say I want to restock food items at home I always exchange my stable coins into Fiat and get sent straight into my bank account, through peer to peer trade though, this is the only reason why I am still using my bank account.

Honestly this is not going away anytime soon, as someone told me the other day that CBDC will replace Fiat and there won't be physical paper money anymore, I still told him that if CBDC is the only thing that remains I will still treat it as my bank, only send money I am ready to spend right away into the account and use it on things I need.

lizarder

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Quote from: bakasabo on December 19, 2023, 04:22:02 AM

I hold crypto and still use banks. Hard to imagine nowadays life without banks. Payments with cash are limited or monitored (if you buy something that cost 1000+ EUR with cash, you need to show ID, or payments more than 5000 EUR arents allowed in cash in general). We are so used to paying with card or app, that cash is no longer needed. While crypto swings from side to side like small boat during the storm, while there is no clear understanding with fees, people will still use banks

In general banks are still needed by most people because the only reason why people still use them is because this is a product that has been around for a long time and is guaranteed by the government. Banks limit payments using ATMs because of limited transaction limits but people usually use Tellers to send more and maybe the queuing process makes people a little more bored of waiting. But because there is no other choice, whether people like it or not people will continue to use this method as an easy step to choose.

Crypto is used or permitted only as a commodity asset in my country so people will definitely use banks as a product whose legality is much more guaranteed by the authorities. Because if people insist on using crypto, they will face legal problems regarding any payments in my country.

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