Do you still use Banks ? - page 5. | Bitcointalksearch.org

macson

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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 could say that almost 90% of the transactions i make still rely on banks, that's why i can't leave the bank and switch 100% to cryptocurrencies, another factor that influences me not being able to switch 100% to cryptocurrencies is because i still haven't Many merchants accept payments via cryptocurrency, this is also influenced by regulations regarding cryptocurrency in my country, i once accepted payments via cryptocurrency in my business but the response from customers was very bad, they thought cryptocurrency was a thing which is not normal if used as a means of payment.

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Quote from: kawetsriyanto on December 14, 2023, 03:59:16 PM

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

Do you think banks not working reliable any more ?

I think banks function quite reliable in my country. But there are too many banks here, there are too many options for banks. As far as I know, most people in my country still feel satisfied with bank services. The main problem is still related to bank loan interest, but people sometimes have no other choice.

I think the concept needs to change a little bit because it's not that we are in crypto we should always say banks are a mistake and we shouldn't be there.
Until now, what I feel about the banks that are happening and what I see from some people who are in crypto is that they always feel that being in the bank is a mistake even though if it is examined more closely as long as there are still uses that we can use why not. We cannot close ourselves to one side because we are on the other side and in this concept, in my opinion, it is the same because we also cannot completely close ourselves not to be in the bank only we stand in crypto because as long as both can still be used why not because it is to support life so that we are better.

Ojima-ojo

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Over here in Nigeria, crypto credit or debit cards aren't that popular at the moment, Infact, it's just a very few number of persons that are using it, and even at that, they still use their banks.

So, in all honesty, we over here still need and use the bank, because even with p2p trades, we still need to bank to facilitate local transfers from a buyer to a seller, as there is no other means of doing this at the moment.
But then, I am particularly hopeful that as cryptocurrency continues to develop and gain acceptance around the world, we definitely will come to the stage where one will be able to totally carry out transaction without ever getting the banks involved in any way.

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Quote from: ancafe on December 14, 2023, 08:19:49 PM

This system does have a level of weakness both when using ATMs and sometimes we are busy with a network that is so slow. Back again for each individual and how they interpret the needs of bank users because for now we still need a bank as a step of life that is a bit easier.

I agree with this, because banks also have their own important role, where in today's life with the development of technology, of course investing in BTC is good because if this is run well in the long run it will certainly be profitable, but not everyone can do it because this is not an easy thing to do, most people fail halfway and stop their investment. so only people who have high consistency can do it.
different from banks that are real in life and visible to everyone, saving in the bank will not be profitable because the balance will not increase by itself, unless we ourselves fill it up, but in my opinion the role of banks is also important, I myself save in the bank, because I think about the fear that one day I will experience something that is not wanted and also need money to overcome it, like an accident or robbery, where the money saved in the bank can be taken at any time we want, just like BTC but I really regret it if I withdraw the money in BTC, so I play both of these things well, because they have their own important roles.

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Quote from: alankasman on December 15, 2023, 02:00:37 PM

In my understanding, there is no need to be surprised that as long as crypto payments are not legalized by a country, so long as people still use banks and I am here to this day still using banks.
People are well aware that the bank system is too complicated and often not what we want even though the money stored in the bank is ours.
If I want to make a transaction without using a bank to another country, I can do it using crypto without needing to announce to the relevant parties that I am doing it.

You raise a fair point that today's banking systems frequently lag behind what customers truly require. However, I don't quite follow your statement about crypto payments lacking legalization in specific countries. People globally already utilize cryptocurrency for transactions, even where formal legalization is still pending. The primary benefit of decentralized digital coins is that no government or bank wields control over them.

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Quote from: alankasman on December 15, 2023, 02:00:37 PM

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

We have cryptocurrency you still use Banks ?

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

In my understanding, there is no need to be surprised that as long as crypto payments are not legalized by a country, so long as people still use banks and I am here to this day still using banks.
People are well aware that the bank system is too complicated and often not what we want even though the money stored in the bank is ours.
If I want to make a transaction without using a bank to another country, I can do it using crypto without needing to announce to the relevant parties that I am doing it.

Aside from this, the OP probably didn’t notice that bank is still involved even on crypto debit card that he is using since this payment processor is partnered with bank just to make the crypto debit cards to withdraw crypto to fiat.

Using bank is inevitable because crypto is not a legal tender globally. Maybe we can’t use bank for storing most of our funds because we can’t flush out of the system the use of banking system when fiat is still involves to spend our crypto.

alankasman

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

We have cryptocurrency you still use Banks ?

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

In my understanding, there is no need to be surprised that as long as crypto payments are not legalized by a country, so long as people still use banks and I am here to this day still using banks.
People are well aware that the bank system is too complicated and often not what we want even though the money stored in the bank is ours.
If I want to make a transaction without using a bank to another country, I can do it using crypto without needing to announce to the relevant parties that I am doing it.

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Sure mostly use Debit or Creditcards.
Do you really believe that the majority of the people pay and get paid in Crypto or Bitcoin?
I think the number of crypto enthusiasts is greatly inflated.

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Quote from: Kelvinid on December 14, 2023, 04:52:19 PM

I admit that I still use banks to save my money, and I still use fiat money to buy stuff since crypto is not yet accepted in our place.
Honestly, the use of cryptocurrency isn't fully accepted in our country which is us crypto holders to convert it into fiat and save it in the bank. For now, banks are the best option to keep my funds as I was afraid of keeping them online knowing that hackers have been aggressive at least having it kept in the banks gives me some confidence.

Currently, the existence of banks cannot be separated from everyday life to store emergency funds, to transact daily needs and so on. So I also still use banks because transactions using crypto are not available in my country. Apart from that, my country also prohibits transactions using crypto and even if caught I will be jailed for violating the law.

But the last part I don't agree with you, for me the bank is only for carrying out transactions, but to save money I invest in Bitcoin, there are risks such as hackers, but we can prevent this by using a trusted wallet and always being careful in saving our wallet phase. Because Honestly, it's not just about feeling confident about putting money in the bank. What about the value? Effect of inflation? Like it or not. the solutions provided by bitcoin cannot be underestimated. Time will surely tell how much of a crime banks have committed against us.

Nerdy doctor

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Quote from: Kelvinid on December 14, 2023, 04:52:19 PM

I admit that I still use banks to save my money, and I still use fiat money to buy stuff since crypto is not yet accepted in our place.
Honestly, the use of cryptocurrency isn't fully accepted in our country which is us crypto holders to convert it into fiat and save it in the bank. For now, banks are the best option to keep my funds as I was afraid of keeping them online knowing that hackers have been aggressive at least having it kept in the banks gives me some confidence.

Cryptocurrency is not accepted in majority of countries and banks are still very important today. They’re still important as they’re there to help manage and keep customers money safe. Loving bitcoin and pushing for its growth doesn’t mean you shouldn’t use fiat. After all, it’s what being widely acceptable and used in the exchange of goods and services.

Banks, along with fiat currency is what almost everyone uses. Including bitcoin holders.
Banks are probably the best place to safeguard your money as keeping large deposits of money on your person and at home is extremely risky.

Marykeller

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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

Yes, I use the bank as it is the most readily available option in my country when it comes to buying and selling goods using fiat as an exchange. In my country, crypto is not commonly or publicly accepted for use in business or running transactions. What we do most with it, is to have it as a store of value for future investment. While fiat is highly in use in our day-in and out activities for survival.

Therefore, banking does not make one as old as you think because it serves as a necessity to have a bank account and it can also meet up with digital means of sending money from one country to another

Dr.Bitcoin_Strange

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OP, it's never possible that you can generally spend cryptocurrency like you would your fiat local currency. The reason is that not everyone is going to accept crypto for their service. Perhaps the only popular crypto that most people are beginning to accept for payment is Bitcoin. Apart from some casinos that accept different kinds of cryptocurrency, most other individuals only accept Bitcoin for their service.

You actually need a bank to be able to access your local currency so that you can pay for any service you receive, which does not allow you to pay in cryptocurrency. It is very fast and reliable to easily send payments cross-border with Bitcoin or any other cryptocurrency, but a bank is still needed to cash out your cryptocurrency in your local currency for you to be able to send it to you.

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Quote from: Kelvinid on December 14, 2023, 04:52:19 PM

I admit that I still use banks to save my money, and I still use fiat money to buy stuff since crypto is not yet accepted in our place.
Honestly, the use of cryptocurrency isn't fully accepted in our country which is us crypto holders to convert it into fiat and save it in the bank. For now, banks are the best option to keep my funds as I was afraid of keeping them online knowing that hackers have been aggressive at least having it kept in the banks gives me some confidence.

Yes, I agree with saving in the bank. This is different from saving in BTC or the like, this will be very risky, especially if the price of an asset falls and you don't know when it will rise.
So I think if possible I would put my money into various properties and things like that. Because it will minimize losses and will even be very profitable in the future, especially in urban locations.

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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

I think there is a big need to use the local banking system. Both works hand in hand. Crypto is crypto, bank is bank. We need bank to get physically cash for daily transaction or to convert crypto to fiat to use it as a transaction fee to purchase goods an services from those who don't accept crypto currency.

Qiubell5

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

-Snip-

To be honest, I personally also agree with your opinion. Because cryptocurrency is better if used for transactions between countries. Because one of the advantages that can be obtained from transactions between countries using crypto is low costs and fast arrival. So making transactions using crypto is highly recommended. But even so, cryptocurrencies also sometimes have some problems. Like a stalled transaction. So there are drawbacks too.

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Quote from: EFS on December 14, 2023, 08:08:02 PM

There are a lot of different questions that have different answers. Yes, I still use banking system. It's a must, it's hard to live without credit card and bank account. I think it's still too early to go full crypto. I trust banks as much as I should. I try not to keep money in the bank except for my monthly needs. I don't keep a large part of my investments in the bank. I know that in case of a crisis I may not be able to access my money in the bank. Even withdrawing money from the ATM has limits. If you want to withdraw a large amount of cash from the bank, you need to inform the bank in advance. I don't like such limitations. I don't have a lot of money but still these restrictions are not nice, it makes people feel uncomfortable with their own money.

I will suffer when I do not use the current bank system because it carries a small amount of cash that can threaten safety, because the environment around us often occurs robbery and extortion. Some people have different views on banks but we also have to be realistic, that at this time only the bank system that we have can facilitate access to money sending for business and others. I also have the same view as you that using a bank is only for needs and not save large amounts of money as a life savings.

This system does have a level of weakness both when using ATMs and sometimes we are busy with a network that is so slow. Back again for each individual and how they interpret the needs of bank users because for now we still need a bank as a step of life that is a bit easier.

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There are a lot of different questions that have different answers. Yes, I still use banking system. It's a must, it's hard to live without credit card and bank account. I think it's still too early to go full crypto. I trust banks as much as I should. I try not to keep money in the bank except for my monthly needs. I don't keep a large part of my investments in the bank. I know that in case of a crisis I may not be able to access my money in the bank. Even withdrawing money from the ATM has limits. If you want to withdraw a large amount of cash from the bank, you need to inform the bank in advance. I don't like such limitations. I don't have a lot of money but still these restrictions are not nice, it makes people feel uncomfortable with their own money.

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More aptly phrased, the banks still use me. They are the ones making the money out of us and its still not really an option not to use a bank for everyday use of currency. If you can somehow only have usage BTC and never need to switch back at all then all power to you but thats much harder to do then say, beyond a special test or effort Im not sure anyone manages that. Only cash notes and only BTC I could believe that far more and yep at that point you might have avoided banks in part though the people you deal with are using banks so its only 1 step away.

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

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

I'm using both banks and crypto, for my transactions I usually use online banking. Is debit card usually issued by the banks? So, that's basically using the bank, or maybe you're using prepaid debit cards? I'm not sure cause I don't think a lot of people are using prepaid debit cards (at least not in the countries I've known).

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

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 use online banking for daily transactions but I only use crypto when I needed to have transaction with the other person who also uses crypto and when I needed to transfer some funds to crypto vice versa.
- No, I'm not worried about hackers, I know how to secure my wallet.
- Banks are still reliable IMO as they have adapted into the latest technologies such as online bank where you can transfer and receive money locally real time.

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I admit that I still use banks to save my money, and I still use fiat money to buy stuff since crypto is not yet accepted in our place.
Honestly, the use of cryptocurrency isn't fully accepted in our country which is us crypto holders to convert it into fiat and save it in the bank. For now, banks are the best option to keep my funds as I was afraid of keeping them online knowing that hackers have been aggressive at least having it kept in the banks gives me some confidence.

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