Topic: Is Your Money Safer In Crypto than at the Bank? - page 11. (Read 9898 times)

Bitcoin only knows that I know how to save money than bank sites that are not sure because the bitcoin wallet is like a vault that is also used by many people's funds.

The money we invest in crypto can be double in few days and if market price is low it can be half or less. As we invest in any business and our business grow then we get good profit. Money we save in bank cannot get low but interest on that money is fixed for some time. This is your decision whether to invest or not.

If it is security of not losing money or profit that you are pertaining to with the word safety, then it is bank which is the right place. Cryptoindustry is really profitable as what the investors have told. But things are different at this moment. Downfall movement is dominating the market which highly affects your wealth, which is unlike in banks that stability is present.

You are absolutely right. This is the main thing that most people don't understand here. Crypto is not made to work as a bank. Banks are not only transactions processors.

Cryptocurrencies are safer than Banks if they remain alive as a blockchain network. I've seen many altcoins abandoned by developers, which had resulted in a dead blockchain over time. Due to this fact, users who had been hodling an abandoned altcoin for a long time, cannot cash out into a cryptocurrency exchange, leading to total money loss. In this case, Banks are safer than cryptocurrencies because your money stays there with you for years to come. If a theft occurs at a Bank, or a natural disaster happens, you'll rest assured that you'll always get your money back since it's insured by the government (in the US, the insurance entity is known as the FDIC).

However, with cryptocurrencies like Bitcoin and Ethereum, you don't get any kind of insurance, leaving your money at risk in the event of a blockchain collapse, network disruption, among other factors. While it's very unlikely for that to happen with these popular cryptocurrencies, we should be aware about the inherent risks of cryptocurrencies before deciding to secure our money in them for the future. If Bitcoin remains as an immutable blockchain free from external manipulation, then your money would be safer in there than a Bank for many years to come. All you would need to do is store your coins in cold storage with offline-generated keys for maximum security.

Nevertheless, for some people, a Bank will always be the safest place for the long-term storage of money, while for others, cryptocurrencies are the All-in-one solution for their financial needs. It all depends on the specific person's preference to secure his or her money for the long term. Just my opinion

Banks are way more safer than having money in crypto. Bitcoin and altcoins are not meant to work as a bank.

At the moment bank is probably safer, but here is a huge but. I am not a big fan of any bank. They are in an unequal power position compared to a regular consumer. For me, this is not so much about safety than changing the commerce world to more consumer-friendly in the future.

Keeping money in bank accounts is safer, but only because Banks insist on an established economic system.

Investing in cryptocurrencies isn't the safest, but it can be hugely profitable.

The issue of security of our money is something we take very serious, although I am going to give a double barrel answer to this question and which is;

1. As one who is profit profit oriented,  I think the cryptosphere is a better place to keep your money due to its multiplying tendency to increase your savings as the price and market value of coin increases.

2. Although the slim risk is when you invest your money into cryptocurrency and the market value of that coin falls below the actual amount you used in purchasing that particular coin.

In a nutshell, our money is more safer in crypto than the Bank.

I believe fiat currency is still safer compare to crypto currency since crypto currency is very risky and volatile. The only reason that fiat currency is safer because of security but in terms of profit perspective it would be obvious that crypto currency will be chosen.

I think your cash is totally safe within the bank, however you do not have full management over it. cash is safe, however it does not grow abundant, it simply loses its worth to inflation. And in encoding, it will grow heaps as associate investment, however it isn't terribly secure if you do not have a hardware billfold.

My money is safer at the bank than crypto. Crypto is full of uncertainty and the market can be bearish for a long time without even breaking the initial price you bought your coin. Bank investment is safe but they will give you very little interest. Crypto currency markets today are something that is very risky in general, so today if we talk about preserving paper money, it's better to keep it at home or at a bank that never disappoints you

The way that the cash put away in the bank is more secure is a reality, I don't contend with this, yet there is no real way to procure cash, aside from 5 percent of the heads. With respect to digital forms of money, here there are no certifications, yet in the event that you are fortunate and you will see an amazing crypto venture on the phase of ICO, at that point you will end up being an exceptionally rich man. At the bank your cash is utilized by other people who are likewise daring individuals and speculators . they utilize your cash and profit for themselves by getting from the bank.

I think in the event that you mean it may be more gainful when kept in crypto. Keeping your cash in a respectable bank is more secure than keeping it anyplace on the planet. In spite of the fact that profits on benefit are not that much but rather bank is less risker than placing it in crypto. I don't think to place cash in crypto is more secure than at the bank! since these days the digital currencies are particularly in danger of being assaulted by programmers and trick! In any case, putting the cash at the bank possibly you will be impact by inflationary, you misfortune cash. Purchase the gold is the best wellbeing in light of the fact that Only gold is the intensity of the economy.

all the savings I would not have stored in the crypto currency, today you have 20k $ and tomorrow it can become 10k $. banks of course also close, there are banks that work for decades and in case of collapse or other unforeseen circumstances compensate for lost money. so the bank is much more reliable

If we talk about safety i prefer banks because there is no way to lose your money if you put money in the banks expect an insurance.

I don't agree with that article. If we talk about safety, I sure bank 100% more safety than crypto. At least our money value will not decrease at the bank. But if we talk from the investment side, crypto can give more than any banks. But like all investment, high return high risk.

Keeping money in a Bank account is certainly a little safer, but this is only because banks adhere to an already established economic system. Once the cryptocurrency economy becomes more advanced, it will become the most secure.

Bank is more secure than crypto. why? in Bank they have more secure tools to many people access your account and steal your money but in crypto wallet, they have web phising and hacker. I have lost 0,8 ETH cause web phising when i visit forkdelta and its like a original web.

safer if stored in a bank because the bank has a physical form and can be found if the problem occurs