Topic: Is Your Money Safer In Crypto than at the Bank? - page 7. (Read 9915 times)
I will say NO to this question. If your money is in the bank, there is a full assurance of the safety of that money. but when the money is in crypto, there are three thing involve, is either the value reduces, Increases or even lost your investment to scammers.
No, I don't think so, I think banks are safer. There are certain risks in the encryption market. Especially in this year's encryption market, investment will face greater risks. Because the price of cryptocurrency has fallen very sharply in this year's market.
I can vouch for crypto here from a personal experience. There are numerous banks in my country which have been closed down by the government because they do not meet the requirement of the central bank of my country. These banks are closed without paying the people's money.
With crypto, you are the master of your own finances. The total security to your money depends on how well you keep your wallet login details.
With crypto, you are the master of your own finances. The total security to your money depends on how well you keep your wallet login details.
I think it's very safe to save money in crypto, it's just not worth keeping you storing gold, but here you have to have enough knowledge when you have to save your money or exchange it in fiat.
it certainly depends on which country you live in. in my country, you can trust banks and they're very safe. surely it is different in other countries. but anyway, in my home country, banks are just as or even safer than crypto.
I think the answer will depend upon what bank and what crypto. Not all banks are safe but neither are most cryptos. Bitcoin may be the safest crypto coin.
Bank is a better choice for the safe saving. But the crypto is a more profit way to invest our money. We can earn a ot of money in the market. But at the same time it is also more risky to lose our money in one investment.
Investing in cryptocurrencies is a very risky venture investment, of course, you need to keep money in the bank and invest in cryptocurrencies only a small part that you can afford to lose.
Its true, its not very wise if we put all our money on crytpcurrency. Crypto is high risk investment and price fluctuation very high. Better diversified our investment and keep money in bank account for daily need and emergency
Investing in cryptocurrencies is a very risky venture investment, of course, you need to keep money in the bank and invest in cryptocurrencies only a small part that you can afford to lose.
You are right. First of all we have to separate the saved money from the money we are going to risk in investments. Invested money are not safe anywhere especially in crypto.
But if you want your money to double or tripple or even more you can put invest it in crypto but no assurance...Slightly fewer crimes are committed in the sphere of the economy, with the help of various funds and off-shores...
Well, I think that Yes, I really like cryptocurrency, and the state we have to pay large taxes , and so I'm exempt from this
the level of security in money deposited in crypto or bank types is actually equally safe, it's just that there is nothing in the crypto type that guarantees binding legal legality. and if it is to save the bank more insurance coverage that binds the law and is more clearly visible to use.
In any case, at the moment, money lies in the bank and their rate remains. But if my money is in the crypto currency, which I bought in 2017, then they decreased by 70%.
It is a very difficult question. I think that people who has thoughts that crypto is a bubble will hold their money in banks and more far-sighted persons will put it on crypto.
in my opinion, not all the money you have is put into cryptocurrency, because cryptocurrency has a huge risk compared to other investments, so storing in a bank is safer than in a cryptocurrency where there is always a hecker lurking all the time.
Every year I trust banks less. They became very greedy and something is always happening to their financial system. I'm sure that you can trust cryptocurrency.
Everyone chooses for himself where he will store his money and I am one of the same people and as for the storage of money now at this time, I would all my free-to-use funds transferred to bitcoins and would wait for growth!! As for the reliability of bitcoin-the same can be said about banks and about gold and about diamonds,everything can become worthless and the main value will be in General-a piece of bread or a handful of grain. I'm talking about something that doesn't last forever.But I will not go away from the topic and say that while this whole game with bitcoin is just beginning and why not exaggerate your capital!!
In fact, in some countries, the fact that funds are placed in banks may not necessarily be safe, but people do not have better choices. Thus I believe that the investment in Bitcoin and another altcoins will be even more profitable, but it is still the most secure and remains to be discussed.
Investing in cryptocurrencies is a very risky venture investment, of course, you need to keep money in the bank and invest in cryptocurrencies only a small part that you can afford to lose.
In my opinion, our money in the crypto can not be more secure in a bank. Our money apart from the crypto is constantly changing and unstable and changing so fast and its profits are very fast and big and the risk is also higher.
I wouldn't keep all my money in crypto . I think keeping it in the Bank is the best option.
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