Topic: Which do you prefer, bank or crypto? - page 25. (Read 3889 times)
Depending on what goals I am pursuing, if I need to preserve my capital, then I will choose a bank, and if I increase my crypto
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?
For now I prefer banks as storage because I think banks are safer even though they are vulnerable to various factors as you say, but I do not deny that I still keep crypto assets. All depends on your choice
Yes, I prefer banks although I will always want to choose crypto as the second. I think having an account in the banks will give me a place to keep my money and with the crypto, I can have the investment which other people doesn't have. I don't think that the banks will allow theft to steal their customer's money because the bank will protect all of the accounts from any possibilities so their customer can feel safe. While in the crypto, I will always save and keep my crypto in the save place without anyone knows.
Cryptocurrencies and blockchain are the future. Most likely in the future I will choose them. But so far I live in the present and am not going to change the usual money for cryptocurrency. I do this, but for me cryptocurrency is a way of earning, not paying for ordinary products and things. And banks are not yet integrating with cryptocurrencies
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?
For now I prefer banks as storage because I think banks are safer even though they are vulnerable to various factors as you say, but I do not deny that I still keep crypto assets. All depends on your choice
Nothing can compare to the safety and reassurance of a brick and mortar bank concerning the holding of physical asset; what they do with them without our knowledge is a different story. However, soon a lot of similar storage options are coming online for crypto very soon.
I choose both. I think we need both cryptocurrencies and banks. In my way of thinking, diversifying an investment should always includes investing in fiat money. In my opinion, both can have a good balance in the future.
Surely crypto because I'm interested in increasing my wealth and actually banks doesn't offer such possibilities because 10%+- annually are not enough for me.
I think it would be very wise to safe your money in bank and also do investments in crypto! Keep your eggs in many baskets) Huh)
in investing it is not necessary to use everything we have because if it fails it will be very detrimental. so it's better to keep some of our assets in a bank account and continue to invest in crypto. we can't be too ambitious in investing, it's better to play safe.
At the moment, I would prefer to save larger portion of my money with the bank, the rest goes into cryptocurrency, Though Digital currency is safer means to store money. In my country, fiat is the most used currency and makes it hard to use cryptocurrency yet
I think it would be very wise to safe your money in bank and also do investments in crypto! Keep your eggs in many baskets) Huh)
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...
You can use the bank as an intermediary to get fiat money, and you can save your assets in crypto. and you can do that for the security of your money. the heart of the bank is more risky than crypto.
I think you can consider both variants. In first case, you can hold part of assets in cryptocurrencies for conservation and accumulation of capital funds. In second case, you can keep part of money in a bank.
I choose crypto because I want to profit from the money I accumulate from work. If I keep that amount in the bank, I do not know when I get the money I want
I will prefer bank to Crypto because your fiat is more safer in banks that coins in Crypto. Crypto is more subjected to so many harmful external forces like hacking.
Cryptocurrency gives more power to the holder and to the network compare to Banking. Bank works in the interest of it's owner, shareholder and comply with government directives even if it jeopadize the interest of it's customers! I will go for crypocyrrency any day any time!
In addition, banks and FIAT money are something that can be used in poor and underdeveloped areas. For example, you go to Africa, a continent with most developing countries and crypto is not suitable for all countries here.You are right. That is why I am using both of the systems. Fiat gives me the freedom everywhere, even in the poorest countries and the cryptocurrencies let me make the financial operations very fast and safe.
I prefer to keep my free money in cryptocurrencies, as even taking into account the fact that the market has now fallen, I still managed to earn with the help of cryptocurrencies.
For now i think, i still can't choose between of them cause i'm still do a lot of thing with bank or atm for day transaction and i almost only use crypto to trade and buy phone credit or something like that.
I prefer crypto. Because I do not trust the banks. I love when everything is transparent and you can see what and when you went. Crypto currency is so popular that all transactions are open.
I prefer to store the money and to increase greatly in cryptocurrency. I understand that it is very dangerous and every day I can lose everything, but it seems to me that the result is worth it.
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've been doing crypto for over a year. Honestly, I would have trusted the bank more than a digital wallet. In the bank, my funds have never been stolen, but the money was stolen from the MEW!
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