Topic: Is Your Money Safer In Crypto than at the Bank? - page 45. (Read 9898 times)

I trust crypto currency more than the bank, because banks are controlled by the state, and the Crypto currency is decentralized

To risk and invest in cryptocurrency is a good idea it is some what safe depends upon the company we need to know and do research and then invest bank is safer compared to cryptocurrency.

If the problem is actually safe or not, we don't know. During this course we are closer to the bank. And confidence of course already awakened. It's just that, sometimes you feel lazy, because too many rules. Whereas in crypto all easy. And security is also over this I think is still guaranteed.

I think, if you can choose the best coin and competent in developing its value, it will be better in Crypto. With you saving money on the best coins in crypto, your money can continue to grow in value. In the bank is also safe, however, the money you put in the bank will experience depreciation, because you have to bear the cost of its administration. Meanwhile, about the security, it's actually almost the same. Because, not only in the crypto that there are hackers, but in the bank was also a lot of hackers are wandering. So you have to take precautions against yourself first.

For me, I can recommend to keep your money in the house and keep it inside your vault. Because in banks I had no assurance of safety due to insurance policy regardless of bankruptcy. We can't prevent any worst circumstances to happen, that's why your money is in danger when you're choosing banking. With regards to cryptocurrency, there's a 20% possibility to crash when you invest your money but the future of it depends on how the market value increases. The risk is there in any aspects of money safety, but most of all if you had your money in your jurisdiction I guess you're more secured rather than entrusting it with other managements.

feel safe when put  money on the bank but of course it will be more gave capital gain if we put our money in bitcoin and let it for years. high risk high gain.

You are right. Security in banks is more secure and has legal protection. Whereas in a decentralized crypto world, it has no legal protection, is vulnerable to hacking, and its price is very volatile. But the opportunity to gain profit tends to be greater in cryptocurrency than in the bank. Big risk big profits. You are free to choose.

If you believe that being your own bank and that you can safely keep your crypto, and cryptocurrency could not be hacked for a few years or decades, then I believe holding on to your crypto is safer than the bank.

Why not just put a small percentage of what you have, say 10-20% in crypto, as crypto could still not be used for daily transactions.
Once that time comes, I will move to 50 bank /50 crypto.

safety between banks and crypto I think is safer in the crypto, because crypto has a different system with banks, safer money laundering is more secure in crypto because it is difficult to do. in the bank the funds entered must know the funds from where the proposal. in contrast to the free crypto investing regardless.

Agree. I have the same thing as you, guys. Therefore, I think no more the safest place to keep money besides in a bank.

First of all all your amount that is in bank is fiat money of your government. And history shows us that sometimes these money becomes cheaper than paper that they were printed on. Also banks can become bankrupt one day and it is another reason it is not safe to give them your assets.
While crypto - you are the only owner of your assets while you control your private keys. And I recommend only Bitcoin for this purposes

Yes. It all depends on the specific person's needs whenever he/she wants his/her money to grow at a fast pace with a high risk involved, or simply secure his/her money in a bank account. Honestly, I would choose both since banks provide you with security you know and trust, while cryptocurrencies provide an endless profit stream and complete freedom. If we were to compare both in terms of security, then cryptocurrencies beat banks by a long shot. This is simply because they're decentralized and are not controlled by a specific person, or company.

With banks, you risk your funds of becoming manipulated by governments, and losing all your hard-earned money. After all, banks are custodians of your money and they have complete control over it, allowing them to do with it as they wish. On the other hand, cryptocurrencies give you the power to control your own money your own way, as long as you have access to the private key yourself. By taking the necessary precautions to secure your cryptocurrencies funds by staying away from online wallets as much as possible, not leaving your coins in an exchange, and more, you can rest assured that your money will be safe in a cryptocurrency if its blockchain remains alive.

In the case of Bitcoin, it's the most secure and reliable cryptocurrency which is hard to take down by any single entity. As such, you can feel confident that your money will be safe in Bitcoin if you follow the practices mentioned earlier. However, the biggest downside is the volatility inherent within the pioneer cryptocurrency, which could be much of an issue if you're thinking in short-term saving rather than long-term investing.

Therefore, it's up to you to choose whenever you'd like to secure your money in a bank, or in a cryptocurrency like Bitcoin. Just my thoughts

i DOUBT if the crypto platform can be as safe as the banking system, at least with the banking there is a centralized system in place to ensure the safety of your money and in the event of losses there i always an insurance cover, the volatility of the crypto market doesn't provide such kind of luxury, and the record it has for the hacks too arent as friendly

Money is certainly safer in Banks, but investing it in encryption is speculative rather than saving, and encryption has its own advantages.

Well I think your money is much safer in a bank as there isn't much threat of your money getting hacked or stolen from your bank accounts in comparison to the risks of getting your coins hacked or stolen from your wallets. Although you are going to increase your money many times if you keep it in crypto.

The crypto market is very unstable.

now that crypto can change a person's life and it is very real, no wonder if many think crypto is our future. I hope crypto grow more rapidly again

Honestly bank is much safe to save money than crypto because in crypto when you lose it or stole by someone its gone forever but if you put your money in a bank surely never lose it. Even i love crypto still there's a higher risk when im put my money here but i never said its not safe but being practical i choose bank. But crypto is good for doing transaction because of its fast and cheaper fee, that's why some people put theirs money here.

Yes, as you say,like in the Bank they are under the control of the state,but how many cases have been like throwing people and plus now control tatalny and can zablocie your money,in the crypt all under your control and more in control but can take hackers to crack,and likely to return less than the Bank

I feel the code is more secure than the bank. Since banks work through individuals, individuals commit errors and endure different impacts. Profound quality is hard to restrain. So it's as yet more secure for math. It is demonstrated by different hypotheses.