Topic: Is Bitcoin safer than banking? - page 13. (Read 3115 times)
Both of them are safe as long as you store in a trusted place such as storing bitcoin in a trusted wallet and money in a trusted bank. Both will not be safe if you are negligent in keeping your assets especially not paying attention to the security of the bitcoin wallet or bank that you are using.
I think, banks will be more secure than bitcoin in light of the fact that they have a littler hazard, Fiat works through partial hold managing an account which implies that not every person can get to their cash in the meantime, banks need to restrain buys and withdrawals with day by day spending limits. Be that as it may, Bitcoin doesn't have any spending limits which implies you can send as much cash as you require.
In my opinion there are many differences, between Bitcoin and banks having many rules and balances that we have that they can know, but Bitcoin has a lot of sophistication and assets that we don't know about. But Bitcoin has no such insurance. If our wallet is lost with funds in it.
I think, banks will be safer than bitcoin because they have a smaller risk, and if you feel harmed by the bank then it is your own fault that you cannot choose a good bank and are too confident with the program from the bank without asking more clearly, the bank trusted will not deceive its customers, but for investment and profit I prefer in bitcoin
I dont think so, in my owd idea, i think that bank investment is safer than bitcoin, since there are so many hackers and trying to hack accounts. Bitcoin is safe for as long as you will keep secured your private key, and should not log in on any phising sites to avoid scammed.
actually bitcoin is not safer than bitcoin, but bitcoin only offers big profits and so many people choose bitcoin, but ultimately banking will be the best place to be used as storage.
Bitcoin is a way better investment than anything in this planet but you need to have lots of patience.
It depends. If you deposit in a bank and the bank gets hack, the bank will pay you.
But if your bitcoin is hacked, no one will pity you.
But if your bitcoin is hacked, no one will pity you.
for me it depends on where you believe in bitcoin or banking because for me it is better if you bitcoin because bitcoin does not lose your money when you have a deposit account like coinsph pwedi can invest there anytime You want, unlike banks that will not raise your money when you hide it there is a possibility that your money will be lost.
Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?
in my opinion the lack of a system in a bank can be closed with an excess of crypto currency security issues as you mentioned and we also know crypto currencies use technological advances in their use This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?
in my opinion, bitcoin will remain safe while we store it well, don't easily trust bogus investments because to be rich, one way is to trade, you don't need to invest your bitcoin into an investment site because in my experience every investment website will definitely be a scam
Some people like to invest in the digital market, but some people prefer to invest in the bank, but if the investment in the bank we will receive low profits but are safe.
in my opinion, everyone must find more information when getting an attractive offer, such as a vacation or a profitable investment potential.
We have to find out more in what company or service offers it, and we have to see whether it is trustworthy or just nonsense, do an information search that can convince you not to believe easily just because you get a big gift or dream.
If you want to save the money you have on bitcoin you must also pay attention to market behavior before making a purchase and you must keep your wallet key privately and take care of it seriously.
We have to find out more in what company or service offers it, and we have to see whether it is trustworthy or just nonsense, do an information search that can convince you not to believe easily just because you get a big gift or dream.
If you want to save the money you have on bitcoin you must also pay attention to market behavior before making a purchase and you must keep your wallet key privately and take care of it seriously.
Bitcoin will become a global payment system one day. And I'm very sure of that. If everyone already has knowledge about bitcoin, then bitcoin will grow as a payment system. Bitcoin will be increasingly preferred because bitcoin offers easy transactions.
I am agree with you. In my opinion use of Bitcoin is more convenient than the bank and it is safe. A newcomer can use bitcoin easily. To using Bitcoin is also more accessible than banking.
Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?
Bitcoin for me is much safer in terms of security, privacy and control due to encryption and decentralization thought it also has risks but are less likely to happen if we are aware of what we are doing online. Bitcoin is best for investment purposes or as a payment system unlike banking our fiat funds that is controlled by the government that is always watching over every activity we have made in our funds which is kinda tresspass our privacy and they also deduct taxes on every transactions. This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?
Fraud is a human mistake, not a banks. To be honest, banks is safer if when it comes to security and such. They won't give your money to others so easily so you won't have to worry. Cryptocurrency on the other hand when you invest, you are depending on the price. So bank is safer.
Yes, It is I believe bitcoin is safer than banking because Bitcoin is valid, believe and safe digital money in the world
Bitcoin is a safe because when you hack the system we need all computer to hack that. It is bitcoin safer than banking. a wallet that is often used by people or wallets that are already known in the crypto world.
for wallet security issues I can guarantee that it is safer to store in a wallet than to store in a bank because there are many risks like scamming that you can get from the bank itself or from someone else who stole your ATM pin. but for other risks it will be more securely save on fiat or bank because bitcoin is volatile
The safety of your ownings depends on your carefulness in handling it. You should always review contracts in every detail of it before accepting.
Either way, going bitcoin or banking, safety relies on your own responsibility and on the actions you're making involving your money. The only difference is that banks also have the responsibility when something goes wrong that is not your fault. You'll get assurance that you'll still have your money, while in bitcoin, the blockchain protects your money and cannot be hacked. However, online attacks are there and once you fall for these tricks, you're savings will be gone, but that's your fault and no one is responsible to back you up for the loss.
Either way, going bitcoin or banking, safety relies on your own responsibility and on the actions you're making involving your money. The only difference is that banks also have the responsibility when something goes wrong that is not your fault. You'll get assurance that you'll still have your money, while in bitcoin, the blockchain protects your money and cannot be hacked. However, online attacks are there and once you fall for these tricks, you're savings will be gone, but that's your fault and no one is responsible to back you up for the loss.
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