Problems with banks you have faced - page 7.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

Reading all the problem each of us encountered using a bank summarizes that we don't really need trusted thrid party. It boils down yo fact that we really need cryptocurrency to store our funds without any hassle. We always have to take consideration when having Crypto to really stay away from third party not just bank but also exchanges, and closed source wallet. We need to have the control with our private key which most in crptocurrencies now doesn't provide. Choose wallet like MEW or Hodler wallet when holding couns, it gives you assurance that your funds are all kept safe.

aryatrals

newbie

Activity: 76

Merit: 0

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

the problem of transferring crypto currency is easier, especially if we transfer money to a different country becomes uncomplicated and the cost is definitely much cheaper, the problem of saving our money is much safer because it will not be affected if the bank keeps our money bankrupt, without all three party intervention free to determine where we will spend our money ...

mohammedmattar

member

Activity: 448

Merit: 20

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

There are many problems with the banks of them
1. Complex account opening procedures
2. Length of remittances
3- The use of bank credit or letter of guarantee is complicated and requires a large period of time and significant costs

These are some of the problems Bitcoin has worked on to solve.

Marbelli

jr. member

Activity: 182

Merit: 1

EndChain - Complete Logistical Solution

I would say that there are actually a lot more problems with Bitcoin and cryptocurrency than with the bank itself. the bank now has a number of advantages over bitcoin

cxmyifan16

member

Activity: 377

Merit: 10

The Premier Digital Asset Management Ecosystem

I have faced some credit problems but it was long time before. Now i try to avoid using banks often and this has its reasons. I don't like banks because they have many hidden fees and percentage

Mandarava

full member

Activity: 742

Merit: 103

The most important advantage of Bitcoin in comparison with traditional banking currencies is that during a bullish trend it is capable to making a profit more than thousand percent. No bank can allow you to have such a profit if you place your deposit there. For me, just this fact is enough to permanently abandon the services of bankers.

rachellee

member

Activity: 504

Merit: 10

Banking is always full of hassle and stress. When you deposited your money with the banks, it's as easy as 1 2 3. But when you are about to withdraw your hard-earned money, your own money, you have to face a lot of tiring and unseemly verification and clearance processes, which usually take days. Why all of a sudden all these annoying processes came, when those are not present when you are entrusting your money with them, when they are receiving your very own money for safekeeping? Well, I think this is just their lame excuse to delay your withdrawal, so that they can make more profit out of your own money. These hassles are not present when transacting on the blockchain. If people will only realize the good that bitcoin brings, we don't have to be a pitiful puppet of these greedy banking corporations.

Michael_Cox

jr. member

Activity: 67

Merit: 2

Quote from: guy369 on November 01, 2018, 03:00:41 PM

The fact that if I need to withdrawal over $2-3k I need to call them so they can have the money ready

I tried to take out $5k one day and was told the bank does not have that much cash.... Huh

I get it, but I don't like it.

I hate withdrawal limit, especially when you have to go to the bank to do it. I also hated waiting for days before they give your money back to your account when you encountered problems with one of their ATMs, sometimes they're not even sure if you will get your money back.

mlsbd

member

Activity: 516

Merit: 10

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

Actually i have faced a lot of problems in banking system. More delayed to proceed in their system and order is succeed within 15 days, time limitation.
High fees charging and not provide nicely also withdraw/deposit limitation. Overall they are not able to served strongly.

Wingleness

jr. member

Activity: 458

Merit: 2

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

Terrible long queue which result to wasted time and top it up, rude customer service personnel addressing you as if they are doing you a big favour!

But with the blockchain technology, I run my show without stress and security is guaranteed.

cizatext

member

Activity: 952

Merit: 41

We have all experienced one or two difficult situations in the bank, I still can remembered when the bank trapped my money for over two months without any good reasons and at the end their came out to tell me to provide two guarantors with valid means of identification before I can have access to the money, the situation was so frustrating at that time I was not aware of digital currency.

basobulat

full member

Activity: 308

Merit: 100

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

we all know the benefits of bitcoin with all kinds of things as you say. I agree to that, but there will always be problems in banking. and so is the problem with bitcoin.
I think we all have bank accounts. this is a selfish and irrelevant comparison.

nelliella

jr. member

Activity: 79

Merit: 3

banks always trying to steal from us . Every contract we sign is actually ruining us . We have to stop it.

antoarwadi

member

Activity: 170

Merit: 10

I have never complained about the bank's performance until now, they work with professionals, but one thing that makes me interested in choosing to save money in Bitcoin is because the value of assets that we store in Bitcoin can increase or decrease following market volatility, while saving money in banks. our money every month will certainly decrease.

Pom_bensin

full member

Activity: 812

Merit: 100

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

the problem with the bank that I had experienced was that I had a refund from an exchange in the form of money into a bank account with obstacles. there are some problems that cannot be implemented by the bank so I have to transfer through another bank account. it's a problem with the bank that I have experienced.

karashika0577

copper member

Activity: 434

Merit: 0

My own belief is that bitcoin is more secure than Fiat money. The bank can not control the Fiat Money, this is a bitter truth. In the same way there are more problems in the bank such as: Long queue, interest deductible without your consent, without fixing your money, fixed deposit, cash withdrawal or delay in payment, lack of security! Bitcoin helps you get rid of these problems.

maianh09

full member

Activity: 672

Merit: 100

Cryptocurrency is suitable for big investors who are always looking to profit and remove identity for what they own. This will negatively affect the banks as the user gradually escapes the bank and uses Cryptocurrency as an alternative solution with superior advantages.

tegarp90

full member

Activity: 546

Merit: 100

Quote from: javadsalehi on November 01, 2018, 02:43:55 PM

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

I don't think bitcoin is more secure because so many stolen bitcoin cases because of hackers.
Bitcoin is volatile and that's one of the reason why less investors invest on bitcoin

bchain22

copper member

Activity: 154

Merit: 3

Be smart, join: https://t.me/cryptofinance24

The problems I have faced with banks are: they are slow, fees are high, and just overall hassle when something goes wrong and it takes forever to sort them out. That's why I love Bitcoin for example. It is fast, it is cheap, it is easy. Exactly what the banks aren't!

nagobinga

full member

Activity: 476

Merit: 100

now banks have received a lot of bitcoin in any way in the digital world or the internet at a very high price which continues to soar that many people invest in it.

Topic: Problems with banks you have faced - page 7. (Read 1967 times)