Ultimately, the safety of keeping money in a bank relies on the stability of the banking system, the regulatory framework, and the specific bank's reputation and security measures. It is recommended to choose reputable and well-established banks and stay informed about the terms and conditions of your accounts. Diversifying your funds across multiple accounts or financial institutions can also help mitigate risks.
In my personal opinion, I think that no bank or centralised exchangers in crypto currency is good for your fund securities. Moreover I think that centralised exchangers are more dangerous for your account most of the case we have been seeing this. Let's talk about banks system now you cann't also rely on banks like a blind. You have to also open your eyes on every time even then banks can be danger for your fund like before some times ago we have been saw that some oldest banks are from USA and Europe got rupt. So in this situation I think it be best security for your but to diverse on the decentralised blockchain system :") 
Topic: Is it safe to keep your money in bank? - page 9. (Read 2573 times)
Any bank does not guarantee the safety of money. Even when it comes to Swiss banks. Although the latter is more reliable than in other countries. Keeping money in a bank can be comparable to an online wallet where we store cryptocurrency. It seems to be reliable, but there are also risks of loss.
Ultimately, the safety of keeping money in a bank relies on the stability of the banking system, the regulatory framework, and the specific bank's reputation and security measures. It is recommended to choose reputable and well-established banks and stay informed about the terms and conditions of your accounts. Diversifying your funds across multiple accounts or financial institutions can also help mitigate risks.
Keeping your money in the bank is like keeping your cryptocurrency on an exchange. Keeping your cryptocurrency in an exchange is even better. Inflation is always on a rise and it keeps decreasing the value of money kept in a bank. You money is better in investments on either physical or digital asset to avoid total loss of your funds in the case of bank getting liquidated.
My honest opinion about this is BANK is the safest place for me to save my money. If we looked into this situation i can't find any other instrument as safe as BANK.
Even if we say that there is still a bit of risk when we put money in the bank, it seems that in some other way, it is still really necessary in this age. All that is needed is perhaps to be careful in choosing the bank where we put the money.
Although, I don't trust much either, maybe even if I open one, I won't enter a large amount, as long as I know if it's necessary, because the e-wallet is actually in demand right now... And e-wallets are often accepted here in our country via p2p.
Although, I don't trust much either, maybe even if I open one, I won't enter a large amount, as long as I know if it's necessary, because the e-wallet is actually in demand right now... And e-wallets are often accepted here in our country via p2p.
Just sharing this information mate in case you do not know. Almost all banks in our country are registered under PDIC, a government-owned insurance corporation. This means there is an insurance of P500k (around $10k) per bank depositor. If you have more than P500k then you can simply apply for another account to the other banks if you want to make sure that all your cash is protected by banks insurance. Only the very small banks especially the rural banks that have low assets are not applying for the nation's insurance. So we don't have to really get scared about losing our money in the bank unless our laptops and other gadgets are prone to malware which is not the fault of the bank.
So generally, yes it is safe to keep our money in the bank. But nowadays, people are more aware due to the internet of investing opportunities like cryptocurrencies, stocks, and other forms of growing our hard-earned money. So it is best to only keep money in the bank for our regular transactions and our emergency funds since the interest rates are very very low and are far from covering inflation.
May be banks are safe, but in most countries the inflation is so big that profit in banks can not cover the rate of inflation. In such case keeping money in bank you will lose them.
Even if we say that there is still a bit of risk when we put money in the bank, it seems that in some other way, it is still really necessary in this age. All that is needed is perhaps to be careful in choosing the bank where we put the money.
Although, I don't trust much either, maybe even if I open one, I won't enter a large amount, as long as I know if it's necessary, because the e-wallet is actually in demand right now... And e-wallets are often accepted here in our country via p2p.
Although, I don't trust much either, maybe even if I open one, I won't enter a large amount, as long as I know if it's necessary, because the e-wallet is actually in demand right now... And e-wallets are often accepted here in our country via p2p.
In my opinion, banks are not trusted at all, they only look at their own interests and try to earn as much as possible from their users, and if they fail? they are saved by the respective states/governments for your own savings it is better to focus on gold or stable coins
Till now I still trust it and still use it because the bank for me helps with all the necessary transactions, without the bank I would find it difficult to make withdrawals and deposits to the crypto exchange market for security issues till now no loss incident. all security is in your own hands depending on how to treat ithonestly I just think that every means of saving money is just not really safe, investing in real estate, might cause lose of money if suddenly bubble pops.
even holding some coin in wallet always exposes the risk of dusting attack or something like that, I think diversifying is just the only way to be sure that we really keep our money from being stolen completely.
and i'd even consider saving in banks and even depositing at as one way of keeping our money from getting easily stolen, as usually diversifying is the key here.
Despite its ups and downs, real estate has historically been a solid long-term investment. Although collapses are possible, they are typically followed by prosperous times. Buying land isnt simply like buying a house; its like buying a piece of Earth, and Earth is a limited resource.
Cryptocurrencies are an innovative concept with their own set of difficulties because of their youth. But then again, what part of life doesnt contain difficulties? If we are cautious and well-informed, the possible benefits usually outweigh the hazards. Dont rush things, and always be open to new information; this is the best recipe for success.
So far I have said yes if we choose a bank that is trusted and under the auspices of government, like in my country there are banks owned by the government.
basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
well, at least the government guarantees the security of the bank. Personally, I am also still keeping the money I have in a national bank. it's because I feel that it is the safest place right now. maybe some people say that investing in gold, land, and others is better. however, for emergency use, we need stash money, and the most appropriate is in a national bank. In addition, there is no guarantee that we save money on the internet is safe. many cases say that their money is also lost because of saving on the internet. well, everything has advantages and disadvantages, but I still trust the bank to keep the money I have.basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
related to security, it is clear that banks are still better than storing them on the internet,
In general, people's trust in banks is still high.
So far I have said yes if we choose a bank that is trusted and under the auspices of government, like in my country there are banks owned by the government.
basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
well, at least the government guarantees the security of the bank. Personally, I am also still keeping the money I have in a national bank. it's because I feel that it is the safest place right now. maybe some people say that investing in gold, land, and others is better. however, for emergency use, we need stash money, and the most appropriate is in a national bank. In addition, there is no guarantee that we save money on the internet is safe. many cases say that their money is also lost because of saving on the internet. well, everything has advantages and disadvantages, but I still trust the bank to keep the money I have. basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
In my opinion, banks are not trusted at all, they only look at their own interests and try to earn as much as possible from their users, and if they fail? they are saved by the respective states/governments for your own savings it is better to focus on gold or stable coins
Till now I still trust it and still use it because the bank for me helps with all the necessary transactions, without the bank I would find it difficult to make withdrawals and deposits to the crypto exchange market for security issues till now no loss incident. all security is in your own hands depending on how to treat ithonestly I just think that every means of saving money is just not really safe, investing in real estate, might cause lose of money if suddenly bubble pops.
even holding some coin in wallet always exposes the risk of dusting attack or something like that, I think diversifying is just the only way to be sure that we really keep our money from being stolen completely.
and i'd even consider saving in banks and even depositing at as one way of keeping our money from getting easily stolen, as usually diversifying is the key here.
In my opinion, banks are not trusted at all, they only look at their own interests and try to earn as much as possible from their users, and if they fail? they are saved by the respective states/governments for your own savings it is better to focus on gold or stable coins
Till now I still trust it and still use it because the bank for me helps with all the necessary transactions, without the bank I would find it difficult to make withdrawals and deposits to the crypto exchange market for security issues till now no loss incident. all security is in your own hands depending on how to treat it 
Why keep the coins on an exchange when we have the option to use hardware wallets such as Trezor and Ledger wallets? You're trying to say banks are not secure for storing money, but I would still advise storing money in banks. While bank collapses are rare, we cannot blindly trust cryptocurrencies due to their high volatility. In my view, performing KYC, 2FA, and Email verification does not provide a guarantee that your funds are secure on any exchange.
I think still so many people’s aren’t using hardware WALLET, some of them aren’t interested to buy it Because they've not enough assets to store in hardware wallet so they don’t want to spend money to buy it. And i think some of them have big amount of money but somehow they holding in exchanges as like in Binance, because they're highly trusted it. 2Fa and Kyc these are just basic things to protect our assets but not ultimate solution. So far I have said yes if we choose a bank that is trusted and under the auspices of government, like in my country there are banks owned by the government.
basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
True we can't really compare and think who's better at keeping money in the bank or in crypto,basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
in terms of risk, each of them certainly has a risk because no one guarantees it will be completely safe,
but my own view regarding security I prefer to keep money in the bank even though there are many cases of money theft but in crypto I think the risk is far greater.
Yes. They have LPS in my country. If there is one thing or another, money is lost due to an unexpected incident, the Bank can submit a claim for funds being withdrawn from the guarantor and the customer may submit an original loss according to the terms and conditions of their party.
So far I have said yes if we choose a bank that is trusted and under the auspices of government, like in my country there are banks owned by the government.
basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
True we can't really compare and think who's better at keeping money in the bank or in crypto,basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
in terms of risk, each of them certainly has a risk because no one guarantees it will be completely safe,
but my own view regarding security I prefer to keep money in the bank even though there are many cases of money theft but in crypto I think the risk is far greater.
So far I have said yes if we choose a bank that is trusted and under the auspices of government, like in my country there are banks owned by the government.
basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
basically a bank is a place to store fiat before blockchain existed. so in conclusion everyone has a different point of view between saving money in a bank or in crypto all have their own advantages and disadvantages
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
Where else are you going to store your money mate I suggest going double ways or dividing according to your risk management Crypto still require fiat onramps and thats why banks are required and basically crypto is not mainstream yet or maybe buy some gold if you are curious Wealth can be stored in various ways Make your decision
Technically, it is not safe to keep money in the bank because we have some countries where citizen funds were used for something, seized by the government despite the fund being something that involves no illicit activities. Besides, before you can withdraw some huge funds the bank will ask you to go through some papers where they know you're the owner of the account, and the money is used to enrich the bank while they provide the owner with little or interest.Having said that, most billionaires and Millionaires don't keep that money in the bank, they let it work for them or change it into gold.
Even if the bank system is stable, STILL the lowest interest i get on my Crypto is times higher than i will get for my deposit in a bank.
I know there is a risk included, but where isn't?
So back to our profile investment and never put money in one basket.
I know there is a risk included, but where isn't?
So back to our profile investment and never put money in one basket.
There are no guarantees that these platforms are a safe alternatives when it comes to storing our money unless we hold it ourselves and place the risks on our hands. Banks are not any safe either even if we say that they are already reputable and century old because at any given time, these banks are vulnerable and that comes with a price that includes our funds stored in their banks. Furthermore, when it comes to risks, it's much better to invest it so that we can create another source of income rather than storing it in a bank where inflation rate is much higher compared to their interests.
The only risk you're taking when depositing money is inflation, which means that the money you're saving practically depreciates in value year by year. Apart from that, I don't see any reason to question the bank's safety. No other platform, such as an exchange or a different service, can guarantee the safety of your funds.
Where else are you going to store your money mate I suggest going double ways or dividing according to your risk management Crypto still require fiat onramps and thats why banks are required and basically crypto is not mainstream yet or maybe buy some gold if you are curious Wealth can be stored in various ways Make your decision
diversification is always the key, always try to store money in various assets then it will be safe.even though I always think bank as somewhat secure and what I mean with these kind of banks are those banks that are massive. which simply too big to fail.
even if they somehow collapsed there always ways for them to go back up again.
but then again diversification is honestly easy thing to do and it saves us from the possibility of losing our investments and money.
Jump to: