Is Your Money Safer In Crypto than at the Bank? - page 17.

Hinugh

newbie

Activity: 110

Merit: 0

Quote from: sousay on April 25, 2018, 05:44:12 PM

When it comes to the safety of the money of course bank is one of the safest.But if you want your money to double or tripple or even more you can put/invest it in crypto but no assurance.

Bank and cryto had its own functions. And comparing this two which is safe is questionable . It could be depend of the purpose of your plans to your money. If you want to just keep your money for emergencies or just to save it you put it to the bank but if you want to grow your assest investment is the best options like cryptocurrency. Only that you have to consider the pros and cons.

kerremy

newbie

Activity: 31

Merit: 0

Yes, I think, your money is safer in Crypto than at the bank.

Just because crypto is not in a position where everyone is guaranteed 100% with safety measures does not mean that crypto will not reach that point in time.

MelojoeBryan

jr. member

Activity: 270

Merit: 1

Quote from: allanr on April 25, 2018, 05:42:40 PM

Yeah it safe enough to have your asset in crypto, but there some risk you need to consider before move your fiat into crptocurrency, the value is not stable today you buy it at 100 usd tomorrow it can be 10. And you better ready if that happend or youll be broke af.

Thank you for the advice, I became aware of the steps I must take so that I do not experience loss and I am also often careful in making any decision if I do not know I usually seek information from other people whether it is asking or looking for it on the internet, hopefully the ingredients can everyone saw them know

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: Lerikaweb on September 03, 2018, 01:45:34 AM

Quote from: kr105 on September 01, 2018, 04:13:23 PM

It is safe to keep the money in the bank, but there is no profit, it is very profitable to keep the money in the crypto but we have to take individual security measures, we have to be very careful. I prefer crypto.

Why do most people say that you won't earn if you put your money in a bank? you will! Another thing that you could make more if you keep it in crypto. But you are far less likely to lose anything while the money is on a bank account. So I prefer to share risks and keep what I have both in a bank and in crypto.

People will earn money when they put their money in banks but the value always decreasing because of inflation. Its much better if we use that money to invest rather than sleeping in bank account. Crypto is one of many investment instrument and i am believe we should not invest with all money we have

royalcrypt

member

Activity: 456

Merit: 10

We are not there yet, that we still have a long way to go before we start to prefer crypto over banks when it comes to safety. Cryptocurrency is still very new in comparison to fiat so it will take time to improve and resolve so many current issues and establish trust of much more people worldwide.

zhayidgu

newbie

Activity: 72

Merit: 0

I think putting money in the bank is the safest thing, but if you want to make you rich, I think you still need to invest in cryptocurrencies, but investing in cryptocurrencies has a certain amount of risk, but the risks and benefits coexist.

hheight

full member

Activity: 392

Merit: 102

I don't think that we have some measurements to define what method is safer. On the one hand, crypto is a much riskier investment in terms of money. But at the same time, it is safer in terms of security of your tokens. There's no way to lose your assets if you are careful. In the bank little depends on you.

kritiana008

jr. member

Activity: 143

Merit: 1

Each of these alternatives has its own feature for positive surviving, but crypto is more reliable here because money depend on you here only while banks use your money and give you something like small reward like %%. Crypto is more 'thankful' and its abilities are more stable, wide and more far-sighted.

kokobaba880

full member

Activity: 434

Merit: 101

It is the difference of opinion but i like to keep my money in crypto than bank because i am using online money for buying of different mobile applications and other website services and that's why i do not need to keep money at bank and for other reason the crypto value is rising so the value of my money is rise with it.

SnapFX

jr. member

Activity: 588

Merit: 1

Of course, it's more reliable to keep money in a bank than in a cryptocurrency. This is due to the high reliability of bank accounts and the high volatility of the cryptocurrency.

D1zee

newbie

Activity: 128

Merit: 0

At some point your money still needs to go to the bank, I will certainly have my money in the bank even when trading crypto. If i had move all my money from crypto to the bank last/early this year it would have had more value than it is now Grin

CAPT.DEADPOOL

full member

Activity: 854

Merit: 102

PHORE

think your money is not safe with exchager or with crypto because many thieves are taking money or crypto on wallets so as to get more money on your bank account there are those that are being traded for even if the website is too secure the thieves have even stolen them so other investors put their income in bank accounts so they just put their money in there.

darmin

member

Activity: 532

Merit: 10

the money will be safe when in the bank than on crypto. When signing into crypto was already as much as gambling. more severe than that many hackers everywhere and will appear unpredictable so that over time what we have in the crypto will be lost. But if the bank will clearly be safe just that assets will not be able to grow quickly or are not effective in earnings.

Lhaine

full member

Activity: 742

Merit: 128

Coinbene.com - Experience Fast Crypto Trading

Quote from: Kallipso on September 03, 2018, 01:42:37 AM

Not so, the whole market is subject to correction, which practically does not happen with banks. So it is better to have a bank and deposit to save money.

Hackers can hack your account so make sure that your money in crypto is secure ,even in bank people account can hack , actually there are news in my country about hacking the account of the bank .so choose the right bank when you save your money.

nicecrypto

member

Activity: 1260

Merit: 21

Well, it depends on what you are asking. I will not keep all my investment in crypto. Yeah, I surely want to invest and take out my capital which I want to believe will be the target of most, so once am in that position I can continue to keep other amounts on crypto.

Lerikaweb

member

Activity: 392

Merit: 12

The Fourth Generation of Blockchain in DeFi

Quote from: kr105 on September 01, 2018, 04:13:23 PM

It is safe to keep the money in the bank, but there is no profit, it is very profitable to keep the money in the crypto but we have to take individual security measures, we have to be very careful. I prefer crypto.

Why do most people say that you won't earn if you put your money in a bank? you will! Another thing that you could make more if you keep it in crypto. But you are far less likely to lose anything while the money is on a bank account. So I prefer to share risks and keep what I have both in a bank and in crypto.

Kallipso

full member

Activity: 406

Merit: 101

Not so, the whole market is subject to correction, which practically does not happen with banks. So it is better to have a bank and deposit to save money.

Dianafangki

newbie

Activity: 207

Merit: 0

Crypto accountability is only charged by the user personally, this is more dangerous because there is no binding law to be associated with public punishment. In this case the bank is better because it can account for all existing transactions. I think there needs to be a crypto revolution to prevent transaction problems that will arise.

SilverCup08

newbie

Activity: 98

Merit: 0

In my opinion as someone who had worked in a global bank for over a decade, it's safer in crypto than in the bank. I've seen huge amounts of fraud, some of the cases I personally handled and those were despite all the enhanced security measures. I'm not sure if you've heard about what happened to HSBC but I witnessed it. On the other hand, although it's safer to put your money in cryptocurrency, scams and fraud still do happen. I wish that someday in the future, there will be a technology to invent a blockchain that is completely untraceable so that all fraud and scams are avoided.

Yury1

sr. member

Activity: 560

Merit: 257

The safety of your money in crypto depends only on you. You need to be very cautious when transferring money, because only you are responsible and no one can change anything then.

Topic: Is Your Money Safer In Crypto than at the Bank? - page 17. (Read 9898 times)