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Topic: Is Your Money Safer In Crypto than at the Bank? - page 32. (Read 9916 times)

newbie
Activity: 30
Merit: 0
I do not think cryptocurrency is safer than bank. Banks are protected by the state. crypto is not. It would be foolish to say that depositing money in crypto is safer than bank
newbie
Activity: 80
Merit: 0
if you only invest in crypto because its better than the bank then you're doing it wrong.
Banks where I'm staying offer very low interest, most of the time it can't even meet the inflation thus making "putting money in a bank" actually means "lose money"
crypto investments must yield profits if not, its better to invest in something else
jr. member
Activity: 114
Merit: 2
Yes, in my opinion it is safer to save money in a bank due to guaranteed security as well as in the case of funds not regulated by a currency It's different, we save money in cash that you exchange with you, like playing gambling.if the coin goes up then you get the profit if the price goes down then you have to wait for it again
full member
Activity: 434
Merit: 105
we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment
bank give us insurance to our money with certain amount.and it is not happen to cryptocurrency.no one can guarantee with our money.it can be loss anytime if market suddenly going crash any more.

There's also an instance that your money is not safe in the bank. There are a lot of cases that they've lost their money in the banks. But the good side of it is you can have it investigate by the authorities. Unlike in cryptocurrency, once you lose your money, it's forever gone. You can never request for an investigation on where your money now. There's always a risk once you put your money in the bank, but it is much safer than in crypto.
jr. member
Activity: 70
Merit: 1
Count Your Investment - Not your savings
I agree on your ideas. Lets face that Cryptocurencys market is not stable . But it’s the futures market strategy  for trading due to its nature that is very encrypted.. Good day Smiley
jr. member
Activity: 213
Merit: 3
This is a retarded question, of course your money is safer in the bank. Cryto is filled with scammers and fakes looking to steal your money, once your funds are in the bank, it's protected by the bank and insured.
sr. member
Activity: 1344
Merit: 335
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we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment
bank give us insurance to our money with certain amount.and it is not happen to cryptocurrency.no one can guarantee with our money.it can be loss anytime if market suddenly going crash any more.
hero member
Activity: 924
Merit: 500
we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment
actually, either in the bank or in the cryptocurrency are always depend on you. there's no assurance that they guaranteed your money secured. but we can say that the banks are more fit in the job when in terms of security. the cryptocurrency are only for investment and for the earnings. but there's so many hackers in here.
full member
Activity: 905
Merit: 113
we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment
sr. member
Activity: 1554
Merit: 334
As I see, I think your money would definitely be much safer than bank since first bank companies has a permission to run by the governments, it has its own authority. Second one, is that it is free from theft although there is a chance but they guarantee you that you will be getting it back. Lastly, banks are the most trusted lending company. On the other side, crypto is decentralize, if you got lost your money then you will be the one who will do something to get it back. In addition, cryptocurrency fluctuates means if you invest money to this there is a chance that the money you have invested might become more lower than it is.
newbie
Activity: 40
Merit: 0
I trust that it is more secure to place cash into the bank now than to utilize it to put resources into digital currencies. Since this cash is put away in the Central Bank, nations can encourage you. Presently digital money is just individuals' venture. The venture hazard is high, yet regardless I put resources into computerized cash. This does not require any reason, since cash is my own.
newbie
Activity: 23
Merit: 0
And you get your money back at the expense of others. It's like a pyramid scheme, only here money is forced to work to pay off customers.
sr. member
Activity: 826
Merit: 263
I think that banks are safer to save money but in the crypto space there are better investments. I only hope in a bullish market.
newbie
Activity: 75
Merit: 0
I don't have any uncertainty on it, I can plainly observe that Bitcoin and other all coins are substantially more secure and ground-breaking than banks obviously there is an advantage for banks since they deal with the cash in a physical world so they have favorable position of switching the exchange (which incorporates taking cash from a man back) however with Bitcoin we don't have such office since it can be powerless would hackers be able to can exploit from it.
newbie
Activity: 77
Merit: 0
If you keep your money in crypto, it's safer than keeping it in a Bank.
newbie
Activity: 98
Merit: 0
my money is safer in the Bank than in cryptocurrency. because wallets or exchange can hack.
sr. member
Activity: 910
Merit: 257
I think it's safer to keep the money in the bank but it's more profitable to invested in the crypto currency market !

I agree. If you are talking about safety, then cryptocurrency would not offer you that same protection a bank can give; however, since your money is somehow placed in an investment active environment in the cryptocurrency market, it can, at least, have that probability of multiplying and increasing, unlike in banks that could only provide you protected storage. Right now, it is still safer to keep your money in a bank.
hero member
Activity: 938
Merit: 501
It is up to me to take the necessary security precautions in the cryptocurrency, of course i have more legal rights on the bank, it is impossible to get it back if the cryptoda param is stolen.
newbie
Activity: 126
Merit: 0
It is safer for me to keep my money in crypto-currencies, I doubt if I can trust government not to tamper with my money when ever they so desire
sr. member
Activity: 896
Merit: 268
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You can divide your finances and invest 50% in the crypto currency and put 50% into the bank. I think that 100% guarantee of security can not be provided either by banks or by crypto-currencies. Risks are everywhere.
Well banks is more trusted by a lot of people that's why i am really sure that my money will be very safe with banks but i am a risk takers, so i put all of my money on a top cryptocurrency and for sure the money i invested on crypto will rise this year.
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