Topic: Which do you prefer, bank or crypto? - page 21. (Read 3908 times)
as most people did, I would certainly choose cryptocurrencies, because I don’t recognize the sense in banks, except for storing money in banks, but they also have their own intent, which is not exactly good.
I'm cut in between because banks have also made transactions to be very easy via bank wire, mobile transfer and generally, cashless indeed.
However, I would have preferred crypto totally because of its high level security, anonymity and high value in price when there is an increase
If there is the fear of a decrease, tethering into usd is a possible solution.
High level of security is that despite of some scamming in cryptos? Actually, this is what I'm trying to find out. The statistics of which one is higher. Bank frauds or crypto scams although my hunch is that bank fraud is higher given the fact that cryptos are much younger than banking. What do you think?
However, I would have preferred crypto totally because of its high level security, anonymity and high value in price when there is an increase
If there is the fear of a decrease, tethering into usd is a possible solution.
High level of security is that despite of some scamming in cryptos? Actually, this is what I'm trying to find out. The statistics of which one is higher. Bank frauds or crypto scams although my hunch is that bank fraud is higher given the fact that cryptos are much younger than banking. What do you think?
I'm cut in between because banks have also made transactions to be very easy via bank wire, mobile transfer and generally, cashless indeed.
However, I would have preferred crypto totally because of its high level security, anonymity and high value in price when there is an increase
If there is the fear of a decrease, tethering into usd is a possible solution.
Do you have to use crypto directly in all circumstances? Most people who use it don't do that directly, they convert to fiat. I think it is just a very few percentage that have access to direct transfer to transact or buy products from stores. So you can sell your bitcoin locally, make a research.
However, I would have preferred crypto totally because of its high level security, anonymity and high value in price when there is an increase
If there is the fear of a decrease, tethering into usd is a possible solution.
Bank, I can still not use crypto for anything in my country so banks are my preferred method until one day in the future maybe...
Do you have to use crypto directly in all circumstances? Most people who use it don't do that directly, they convert to fiat. I think it is just a very few percentage that have access to direct transfer to transact or buy products from stores. So you can sell your bitcoin locally, make a research.
Good point on both sides but still both are not totally safe right? I guess the advantage of the bank over cryptos is that even if you become a victim of fraud, your money is returned because it's insured versus cryptos that is unregulated. On the other hand, cryptos give us full control so both has pros and cons.
currently , due to wider acceptance and being the normal, id go with banks though crypto is much safer with faster transactions and in some cases, anonymity. in the nearest future when cryptocurrency gets wider acceptance, i'd definitely prefer keeping money in crypto than using banks. crypto was built to combat the fraudulent and backward financial system that's why they are kicking against it so much.
Sounds fair enough but how about scams in cryptos or if you lose your key? Such a tricky world of currencies we have right? It sometimes confuses me to be honest. I've worked in a bank for over a decade and I've seen how tight were the security measures yet fraud still kept happening. On the other hand, Cryptocurrencies had also seen history of cyber crimes. It's really damn if you do, damn if you don't kind of world.
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?
This isnt even a question to be throw at in this forum because as you can see, crypto people doesnt like how banking system works, while on the other hand decentralize type of system is what the people really wants in this modern era of our generation. Banking is profiting from us while in crypto, we benefit from it. And also cryptocurrency is the future currency and payment in the entire world
I guess both...Both has there places in day to day time...it's about percentage and of course interest... We don't need only bank...we need bank for some complex work like insurance, salary auditing...
I prefer to choose Cryptocurrency.
I see Cryptocurrency is a digital currency that has the possibility of developing rapidly in the future.
I am sure that Cryptocurrency is far more profitable even though the crime will be on Cryptocurrency but we can be alert and anticipate the damage.
Cryptocurrency at the moment we know that many have developed and the value of the price is high so this is a better thing.
I see Cryptocurrency is a digital currency that has the possibility of developing rapidly in the future.
I am sure that Cryptocurrency is far more profitable even though the crime will be on Cryptocurrency but we can be alert and anticipate the damage.
Cryptocurrency at the moment we know that many have developed and the value of the price is high so this is a better thing.
I would choose a bank when I need to save my money. But I would choose the crypto when I want to make a profitable exchange or investment. That is, at the present time, when crypto is not accepted in my country. I believe that in the future, the crypto will overcome the limitations of non-governmental nature and be accepted in all countries. At that time, crypto would be the only option for everyone in the world.
both have its own advantage, banks can provide leverage, give out loans for house, cars, business or spending. crypto give convenient of the banks donts. still we are on infancy stage, it be in future both banking system and crypto is merging together and something anew be born.
Actually what you say is true that banks and crypto have their own advantages and I am actually more happy with crypto because it is very easy and clearer, more profitable, but not banking is needed, still need each other
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?
When the crypto market is fairly stable, I prefer to use crypto to store money and conduct transactions. In this case, all operations are performed much faster, and commissions are less. I believe that banks are simply trying to earn money from gullible people who do not know about the possibilities of crypto.
Each of these investments has its pros, cons and risks. Investing in cryptocurrency is risky, but I invest most of my finances in cryptocurrency, but I also have deposits in the Bank.
True. It will be insane to refuse from the bank's services only because you are in the cryptocurrencies. Banks (traditional ones) will always exist, even when the cryptos will become as popular as the paper 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?
I know that most of us prefer cryptocurrency than banks , even if the market is in a deep downfall. For me crypto is much safer than banks. We can say that the both of them can give a lot of benefits to us what matter is that its up to us which we will prefer to.
hello mate. i like them both. but if i have to choose one i would go to cryptocurrency. there i could double my money in less time if i chose the right crypto to invest into. although cryptocurrenccy is not working well at the moment in the market exchanges. i am still willing to put my money to invest to. cheers!
I prefer cryptocurrency. Although the cryptocurrency market is very unstable now, I think everything will get better in the future. I hate banks, they will make your labor results halved!
I like both, because both are very necessary, banks to save our fiat money and
cryptocurrency for us to run transactions, both of which cannot be released.
cryptocurrency for us to run transactions, both of which cannot be released.
Primary i choose real atm at life.because when we need money we can widrawt from atm real and fast.but different with cryptocurrency we must excahnge it before we want to widrawt it to real money.
Many people not sure with cryptocurrency for payment transaction at real wolrd.
Many people not sure with cryptocurrency for payment transaction at real wolrd.
I think that banks and crypto are in the same conditions of safety of money. If one is careful and attentive in using a bank card in a bank and a secret key in crypto, money will not be lost. The main thing is that in crypto you can earn a lot more money.
In my own speculations, i prefer to use cryptocurrencies rather than banks. These two have their own advantages and disadvantages between each other. Crypto can transfer money all around the world through digital or online sending while banks are commonly used for local transactions only or be specific, it is only in the nation's territory. Money in crypto can have profits or losses whilw banks aren't.
I still believe that today banks are the best place to store money. Although working with crypto-currencies can be more profitable than the constant storage of money in a bank. But we need to understand that today's crypto currency is a risky investment.
both have its own advantage, banks can provide leverage, give out loans for house, cars, business or spending. crypto give convenient of the banks donts. still we are on infancy stage, it be in future both banking system and crypto is merging together and something anew be born.
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