Topic: Is Your Money Safer In Crypto than at the Bank? - page 24. (Read 9927 times)
I don't think what you say is safe, and it must be the opposite. Crypto currencies are a good investment in many ways and are very reliable in this area, even as a form of payment, but banks are still safer in terms of "security" because the value of your assets will not change.
Generally, I would say that your crypto is not more safer than in a bank.
But in the case of an evil corporation like Wells fargo, than I would say yes, it is safer.
Of course, it all depends on what crypto you are holding.
If you put all of your crypto into Jesus Coin than well, yeah...
In fact, the almighty btc, isn't so secure anymore.
It's obvious that people are ready to move on from it, after all it is already 9 year old tech.
I would say eth or another one of the smart contract platforms would be very secure.
I personally try to avoid large banks in general.
Especially worldwide banks like HSBC and citibank.
And I run far away from American banks as well.
I just stick with local credit unions, way better in just about every way.
But in the case of an evil corporation like Wells fargo, than I would say yes, it is safer.
Of course, it all depends on what crypto you are holding.
If you put all of your crypto into Jesus Coin than well, yeah...
In fact, the almighty btc, isn't so secure anymore.
It's obvious that people are ready to move on from it, after all it is already 9 year old tech.
I would say eth or another one of the smart contract platforms would be very secure.
I personally try to avoid large banks in general.
Especially worldwide banks like HSBC and citibank.
And I run far away from American banks as well.
I just stick with local credit unions, way better in just about every way.
I think Crypto is very unpredictable.But banks also do not give you much profit.
If crypto is not too much volatilite I will choose crypto because in my country, Banks rob people if you fall below the maintaining balance it's like giving my money to bank and with an interest of a peanut for a year.
I do not think our money in crypto is safer than bank. Because if you deposit your money in the bank it will not be touched and you can withdraw it at any time. But if it is crypto then your money will probably increase or decrease and you are simply investing
At the moment I believe that yes. For example, I do not care about keeping money in the Crypto currency. After all, I think this is very reliable and safe. Of course while the world of crypto currency exists. And then we'll see what happens.
I think money will be safer at the bank, if it's a savings. but if it is the asset you want to increase the value of crypto becomes one of the right alternatives. unfortunately crypto money is very volatile in price, we must be careful not to lose our money.
It will be possible to talk about the stability of cryptocurrencies only in a few years. Now cryptocurrencies are more suited to investments, moreover,to high-risk, but justified investments. The Bank will keep your capital, but not multiply.
Banks are the safest way to store money. But banks will not give you big profits and if you want the amount of money to double or triple, you should think about investing in crypto.
Of course, Cryptocurrency is a huge risk.I think the money will be much safer in the Bank than in crypto.Everyone chooses his own .
When we talk about safety in the crypto community, then it means your own safety depends on your very self and no one else.
I can not answer with 100% certainty, because, again, the cryptocurrency market is not studied. So far, there is every reason to believe that Yes.
Currently the crypto market is very unstable, thus it is better to hold you money inside the bank. This will possibly chance in the future, but one again, currently, banks are safer.
The money would be safer on the bank of course. Crypto is very unpredictable and the volatility of the market makes the money unsafe on crypto.
If you keep your money it is better on a mutual fund, it gains bigger than a bank.
If you keep your money it is better on a mutual fund, it gains bigger than a bank.
Crypto is designed for investing and making money. I think cryptocurrency obviously gives more protection of money than banks.
I reckon the money is still safe in the bank, and the safety factor is way way higher than in the cryptocurrency.
The past showed us, the best place to hold crypto is our wallets.
Maybe at some point there will be a safer options but for now, i won't use a "crypto bank"
Maybe at some point there will be a safer options but for now, i won't use a "crypto bank"
I think money will be safer at the bank, if it's a savings. but if it is the asset you want to increase the value of crypto becomes one of the right alternatives. unfortunately crypto money is very volatile in price, we must be careful not to lose our money.
Keeping one's money in bank thou good isn't wise enough when there is an option to put them into investment(Crypto) standing a higher chance of multiplying the money. This goes for when one invest especially in promising coins like ETH.
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For me its both nothing to compare, because bitcoin is decentralized and because of blockchain your transaction cannot be easily traced and also in the bank it is safe, banks have a lot of securities and also doing their best to protect their clients.
That's what you can benefit from the centralized nature unlike the decentralized ones. There's authority to control over all the transaction and everything is reversible since that centralized instance have absolute right to modify what has happened but with decentralized blockchain system that's not going to happen.Also if we're talking about bank, there's ofc some fraud ones but most of the bank that's under government have guarantee for their client's fund because centralized nature ofcourse.
For me its both nothing to compare, because bitcoin is decentralized and because of blockchain your transaction cannot be easily traced and also in the bank it is safe, banks have a lot of securities and also doing their best to protect their clients.
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