Topic: Which do you prefer, bank or crypto? (Read 3889 times)
I prefer bank and crypto. Bank is for your general needs like the daily needs in your life. and for the crypto is for your gaining money. Its just like crypto is the farm and the bank is your barn.
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
Everything depends on what we do, if we are careful, the risks we face are very small. And if I want to save money, I prefer to save money at the Bank. Because the Bank can give me a loan and give me a guarantee of the security of my money. But if you want to invest that can make you have a lot of money, of course, you can invest Crypto.
even though I like crypto, I prefer to save my money in the bank, because in my country crypto cannot be used so it will be easier to use the money saved in the bank.
even so, I still keep some of my money in crypto to invest.
even so, I still keep some of my money in crypto to invest.
Crypto will eliminate banks - it's about to happen in 5-7 years. But banks won't disappear, they will just evolve to something new and you won't need to choose between crypto and banks. Crypto is a new stage in financial systems, banks won't just go away and they'll have to adopt this new technology.
For a better safe keeping of my money, I'll prefer bank deposit, otherwise for investment, I'll go with cryptocurrency saving because I can monitor my money in crypto anytime, any day.
I think that i prefer crypto because it is our future and it has a lot of advantages. To my mind, it is better to hold coins because keeping coins is the best way not to lose money
For safe storage, I will certainly choose a Bank, because it will not be hacked and the money is more or less kept in a safe place and in bitcoin everything is very difficult
Banks suck a lot. Crypto is very easy to deal with when it comes to transparency. The shady things that goes on in banks cannot happen in the crypto industry which make me like it a lot.
I prefer crypto, because only I manage my money and nobody can lock it like in bank.
Bank can easily block your account just because of frequent transaction and in this case you should explain your source of money.
Bank can easily block your account just because of frequent transaction and in this case you should explain your source of money.
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
It depends on what do you aim to do with your fund. We all know that cryptocurrency prices are really volatile. You can either earn or lose some of your money if you will put it in crypto. If you want to secure your money, you can choose to store it in a bank.
I would prefer to hold my money in the bank despite all the disadvantages associated with cybercrime. The main reason for this decision is the unpredictable volatility of cryptocurrencies. As the current year experience shows, you can put an amount of $ 10,000 on a crypto wallet, and in six months you will only have $ 1,000 left.
Crypto. Because of the possibility to earning profits, I will only Liquidate if I need to spend in real time. I sometimes also hedge my portfolio with stable coins .
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
Do I have to choose the 2 options? of course I will still choose a bank with an ATM card or credit card. although many things are dangerous, but it will be safer compared to the crypto currency wallet
If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
Do I have to choose the 2 options? of course I will still choose a bank with an ATM card or credit card. although many things are dangerous, but it will be safer compared to the crypto currency wallet
As in my country I can't use crypto at least somewhere and unlikely I could in near future, I prefer bank. it is more stable. But I hope situation with crypto will improve in the world, so I could keep my money here.
Each one is different in its own way. In a bank, for example, money is safer, but investing in cryptocurrency is more profitable!
To say that now I will choose the bank, because the bank will be safe and more profitable than electronic money, today if the more the investment in electronic money will be more and more losses, the more the hold down the more , so should not. Please consider. 
When about investing I can possibly think of crypto , since I some the potential to make profit here in crypto by investing. But when it comes to where to keep my holdings or money I can still prefer to go on bank . Some existing wallet in crypto failed to give us a secured wallet enough for me to mistrust the capability of wallet service here in crypto.
Well in my knowledge, If one has the ability to take risk than he or she will prefer cryptocurrency because in this return is high than investing in banks. If one has not ready to bear the risk then he has to invest in bank because risk is less as compared to crypto world and one can get fixed amount of money at the end.
Each one is different in its own way. In a bank, for example, money is safer, but investing in cryptocurrency is more profitable!
Absolutely true! Like what I said here multiple times, bank is for safekeeping and cryptocurrency is for profit but if we think about it, if only those in the right position will enhance the system for cryptocurrency, then maybe someday, it will also be a good place for storing money. Every individual certainly has a different mind, if I prefer to save money in a bank, even though the benefits are few, but I feel safer, and of course the bank is now everywhere
Actually that's right. We all look at things differently although in my own opinion, I agree with you that at the present time, bank is still the safer way to store our money which is actually the question in my OP. In the future though, there is a potential that cryptocurrency system may also innovate to something better that it will not only be good for investments but also for storing money. Jump to: