Topic: Is Bitcoin safer than banking? - page 7. (Read 3115 times)
The Bank really cannot be called a 100% reliable system. But bitcoin also has its risks. But still, I prefer investing in bitcoin, as it brings much more profit. And certainly attracts its decentralization, which significantly distinguishes it from the Bank.
What are you asking 
Definitely NO....bitcoin is not at all safer than banking. Rather banking is totally safe. The risk rate is almost 0% and the rate of return is nearly 7-9% pa. Bitcoin is highly volatile and hence its having higher risk. Those people who can't afford to loose their money or who want to play safe ,are advised to use your money in FD's , NSC's and many other banking schemes because banking activities are highly secured.
Definitely NO....bitcoin is not at all safer than banking. Rather banking is totally safe. The risk rate is almost 0% and the rate of return is nearly 7-9% pa. Bitcoin is highly volatile and hence its having higher risk. Those people who can't afford to loose their money or who want to play safe ,are advised to use your money in FD's , NSC's and many other banking schemes because banking activities are highly secured.
I had a negative experience with banks when I lost a large amount of money due to the bankruptcy of the Bank where I kept the money. And that's why I've been avoiding this whole system ever since. And bitcoin was a great alternative for me.
But at the same time, you could buy bitcoin for $ 19k and potentially lose ~ $ 12k.The security of both bitcoin and bank accounts is relative, each of them has its pros and cons. But if you consider the difference as a whole, then only you are responsible for the safety of your bitcoin, and the team of bank specialists is responsible for the safety of the bank account. Which is better - everyone decides for himself.
I had a negative experience with banks when I lost a large amount of money due to the bankruptcy of the Bank where I kept the money. And that's why I've been avoiding this whole system ever since. And bitcoin was a great alternative for me.
for the level of security between bitcoin and cryptocurrency, bitcoin is safer than banks. but we must know that cryptocurrency has fluctuating properties. the value of cryptocurrency prices is very easy to change. if you are lucky in cryptocurrency, maybe you will be very happy. because the value of the money you save will grow. but if the market has a price decrease, then you will lose. so I think it's up to you to save your money in the bank or crypto. if you want to invest and want to make a profit, you better save it in bitcoin. if you only store in the bank, maybe you get only a small profit.
Get a hard wallet and yes your bitcoins are more safe now and you are now in control of your own funds.
But keeping bitcoin in a wallet will not yield you profit you need to work accordingly,keeping updated yourself about soft/hard forks and get some free bucks.On the other hand many banks gives you some amount/interest as per your investment.
So you see both are very two different things comparing on the basis of security/safety is no good and is baseless.
Well in terms of profit we can have a nice discussion.Crypto had given many people profit and in the coming years it will give more.
Moreover more than 60% of the countries have already stated that they do not consider crypto as legal tender but cannot ban.
Enjoy trading .
But keeping bitcoin in a wallet will not yield you profit you need to work accordingly,keeping updated yourself about soft/hard forks and get some free bucks.On the other hand many banks gives you some amount/interest as per your investment.
So you see both are very two different things comparing on the basis of security/safety is no good and is baseless.
Well in terms of profit we can have a nice discussion.Crypto had given many people profit and in the coming years it will give more.
Moreover more than 60% of the countries have already stated that they do not consider crypto as legal tender but cannot ban.
Enjoy trading .
You can't say that bitcoin is safer than banking. Bitcoin is just a more convenient than the traditional banking because it only needs the internet and nothing more unlike the traditional banking, it will consume your time. Bitcoin is not safe, it depends upon you on how you keep your keys unspoken or unrevealed. You cannot compare the security of bitcoin and the traditional banking because you already know the answer.
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?
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?
I do not think there is any comparison between banking and bitcoin at current situation, bitcoin is currently not a legal tender so any banking operations can not be compared to it, if we talk about fraud then its more in cryptocurrency than banking, online fraud are not common because there is high security in all data centers/ servers, fraud happens due to some negligence, currently we are opting to invest in bitcoin for a high return of our investment but the same time its a bit risky, I think considering bitcoin over banking due to online fraud is not a good idea.
adsolutely yes, bitcoin is more safer than banking
because bitcoin fund can store to your own wallet and sale it when the price is high if your fund stored your wallet no can get it without your approval.
In my own opinion, if we talked about how safe or secured in investing bitcoins or in banks, I guess banks are still much more advantage into it since it is protected by the government and we can have a better assurance in case if there is something goes wrong in our investments. While in bitcoins, it is still decentralized and anonymous so the chances to get hacked are highly possible.
i dont think it safer than banking man. when your want to save money by bitcoin. maybe you lose 50% money after 1 day. or maybe hackers will take it from you. so anyway banking better i think so
I think, if what you mean is about which one is safer then I think the bank is safer than bitcoin because bitcoin has a big risk and you can lose your money but if the bank your money will remain safe
Although we may not see the friendly side behind the electronic money trading desk for a while but still convenient in the sense that users can perform personal accounting in the wallet they use whether it Is wallet, wallet or an oroid, web wallet or purse wallet, it is extremely simple to calculate how much your BTC has in hand. People can decide what kind of electronic money they want to carry, supported by different organizations, groups and companies. Yes I Bitcoin more secure bank, Why? Then, when the value of the bitcoin increases higher in the future then you buy now to make sure it can become more than 1000% of the profits you can get that I know of no bank among the banks. can not do that This does not make much sense than being told how much money you are allowed to spend. With Bitcoin, transactions are received immediately and usually take just one hour to validate.
for several reasons, bitcoin is safer. the meaning is that the government will implement a bail-in policy that encourages banks to fail to pursue bondholders. This will never happen with a Bitcoin account because no one is allowed to touch our money
I think the bank is much safer than Bitcoin. Because the banks adhere to the rules of the government. And the other is that Bitcoin has not yet been accepted by many nationalities. That is why banks are more secure than Bitcoin.So, the bank is more secure than Bitcoin.
It is very interesting question. I think bitcoin is safe more than bank.
Bank is controled by Black power. So many people don't know how it adjusted..
But bitcoin is very transparent. Everyone can know that buy and sell and transfer.
I'm sure that it can change the world. But obstacle is block power..
Bank is controled by Black power. So many people don't know how it adjusted..
But bitcoin is very transparent. Everyone can know that buy and sell and transfer.
I'm sure that it can change the world. But obstacle is block power..
In my own opinion, Bitcoin is not 100% safety because Bitcoin has lots of hackers. Bitcoin and bank has a different uses. Bitcoin is one of the best digital cryptocurrency and it is worldwide.
I THINK YES BUT BANK IS ALSO FAFE
both have advantages and disadvantages of each, because there is no perfect nature in this world
Banks can commit fraud, because their system is not transparent
but Bitcoin also has weaknesses, someone who has bitcoin is not necessarily their assets will remain, the worst risk for BTC owners is the value of their assets is down, because volatility is the nature of bitcoin
Banks can commit fraud, because their system is not transparent
but Bitcoin also has weaknesses, someone who has bitcoin is not necessarily their assets will remain, the worst risk for BTC owners is the value of their assets is down, because volatility is the nature of bitcoin
Bank is ever a better place to keep money and other valuable things. Investment with bank is always safer than in bitcoin. In banking system, you will definitely see the people you are dealing with but this is not so in bitcoin. If you are scammed in bitcoin, you can't go and arrest anyone because you don't know not see them but you can sue bank if you are deluded.
Jump to: