Topic: Is Your Money Safer In Crypto than at the Bank? - page 28. (Read 9927 times)
Haa! No money is not safe in the crypto like that of bank, if your money is save to your bank account and the thief rob the bank you have the probability of getting your money back, but if your account in crypto is been hack no way to get it any more, so your money at bank is safer than that of crypto.
I don’t think so. Bank deposits are insured, cryptocurrency isn’t. One of the reasons why criminals prefer cryptocurrency. News of hacking abound. Government regulations is a must for cryptocurrency to become mainstream.
Look what is happening in the world and especially in developing countries like Turkey. 20% loss in one day. So I think that money in crypto is more safe and stable. Crypto will be a next gold - digital gold.
I think it's definitely not safer.
For me both has its ups and downs and depends on the situation and how you see it. In crypto, market is volatile with value going up and down. Then you need to take care of your wallet - making sure that you have backups and not lose your private keys or passphrase or share it with anyone. Bank is more stable and reliable too as long as you also take care of your bank details. There is also insurance up to a specific amount depending on your bank.
Speaking for me, I do not keep money in the Bank, because to withdraw them I have to cancel the Deposit agreement, so I keep the money either in cash, that I could at any time have money in my hands, or in cryptocurrency, which multiply in my wallet.
I think, no place is better than bank to safe our money, as there are a lot of hackers on the market who are looking for how to steal various coins
I think crypto or banks have their own strengths and weaknesses, depending on what we will do and we want, but when you want to save money, the bank is the best choice, and when you want to invest your money to make a profit, I think crypto better than banks but in the crypto world there is no guarantee that everything depends on you when choosing what investment you choose.
At the moment I would say your actual money is likely to retain more value being stored in the bank, however I do not think it is any way safe there as once you give your money to the bank you are an unsecured creditor, last in line for any refunds if the bank would get into problems.
I take all the risks we have in our example for the bank still have the risk but the low rate but you send to the bank then obviously the profit you get will be lower than you invest in crypto market
I think that the money is safe in the bank but the income is small, the investment encryption is risky but the return is very rich.
I think that as long as we refrigerate the private key, then our money is safe, and I believe that hackers can't steal our wallet, so I think it's very safe. Of course, the bank is very safe, but I don't think it has me. The wallet is safer.
I think that my money in the bank will be safer and more reliable than the existence of the cryptocurrency market. The cryptocurrency world is very risky and unstable, but my money is in the world of cryptocurrency. The reason is very simple because the cryptocurrency world will give I bring a very big profit
Actually, i dont think that my money is safer in crypto than at the bank. Maybe its gonna be safer in the future but now no.
I think people's money is definitely safer to put in the bank than it is to encrypt. This is the conclusion that can be drawn without thinking. Because there are too many risks in the world of cryptocurrency, it is very likely that you will lose all your money. But the world of cryptocurrencies will allow people to get a lot of money quickly.
This is a very difficult question, the bank is more reliable storage from criminals, but the crypt allows you to hide your income from all
I'd rather say that my money is more profitable in crypto than in banks. I can make a lot more profit in investing in crypto than bank investments. But when it comes to security, banks specializes in that area. Our money is definitely more secured in banks because that's the main purpose of the banking system. But if we are aiming for profit, I'd take the risk with crypto.
Agree. Cryptocurrencies may be a lot risker than simply saving your money in a bank, but extremely profitable if you tell me. Depending on the type of crypto you invest, will be the reward you'll get in the long term. Both Bitcoin and Ethereum are quite profitable for such purpose and extremely secure. Hence, if you use a hardware wallet for these cryptocurrencies, you won't need to worry about securing your funds ever again. It's hard for a hacker to steal your funds if you follow the best practices to secure your crypto. Otherwise, you can easily fall in the trap.
On the other hand, it's much easier to save money in the Bank, as it does all the work for you in terms of securing your money for the long term. Therefore, I believe that it's best to balance between saving your money in a Bank, and in a cryptocurrency like Bitcoin by using a hardware wallet. Just my opinion
This is for sure. The safest place in every country is the bank, but the bank is shrinking your assets through crazy printing. Do you understand what I mean? The cryptocurrency is used for investment, and the bank is just the housekeeper of money.
If for a place to save, it is certainly safer if we store it in a bank. However, if you want your money to increase and be prepared for the risks that will be received. Investing in crypto will benefit you.
Certainly. They are not exposed to the traditional risks that are exposed to savings in the Bank, such as bankruptcy, theft and so on. Cryptocurrency is free from such risks of unreliability, so the savings in it are more secure.
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