Which do you prefer, bank or crypto? - page 38.

Roboabhishek

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Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

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 personally without being biased feel that banks are more convenient for one like me which is normal and hasn't any bitcoin stored in the market . As there is a surety in banks system of monetary services that the desired gains or profit will be given to the user or customer without any risk but in cryptos there is no surety in this market anything can happen anytime.

MIZANUR5033

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Activity: 364

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As most of the countries did not legalize cryptocurrency that’s why I will choose both. Because banks are still here to make us more liquid and that is the best place for now to put your big money with less risk. I put money in bank for deposit but I treat cryptocurrency as my investment so technically I don’t want to invest all of my money because there is a big chance to lose my money. Somebody says that bank is not safe to store money because hacker/scammer stole their money.
But crypto also not safe where have huge hacker or scammers, both bank and crypto has some security problem but crypto is more prone to hackers and scammers compare to bank. Our account in bank can also hack, but it is traceable and bank do the refund while in crypto no chance it will be return. Some bank offer insurance against our deposit. Crypto have not any insurance issue. Still I do invest in crypto only a portion of my money so that in case it will gone, still I have savings left for back up purposes.

kobe24

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www.cd3d.app

I prefer banks when storing my money i think it's more secure compared to crypto wallets this is mostly used by people.

sinkfish

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Activity: 252

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Not like i got hundred millions dollar to safe keep, as normal working class, bank is still favourable. Plus, Crypto is not popular in my country as a currency.daily expenses still depends on hard cash.

jemarie20

member

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I choose crypto because I can earn money but just holding my money in the crypto world does not like in the bank because when your money is in the bank no such thing will happen in the two (2) to three (3) years but when your money is in your crypto wallet and you converted it to any digital coins like bitcoin and ethereum you can earn money by just holding it.

Boss95rnd

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For the small sum of money, I would prefer the bank transactions, because it is easier. But if you have a lot of cash, I would prefer crypto currency, because on the one hand, you can increase your savings and on the other hand, it won't cost you anything to transfer a lot of money via crypto, rather than using a bank.

WalkerIVIV

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Cryptocasino.com

Quote from: jhache on September 23, 2018, 11:54:00 PM

Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

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?

Bank for me is better for now, with crypto I cannot predict what will happen with my money so I'm basically just going in blind when I am invest in the coin. I prefer to keep the money that I would be needing in the bank and only put disposable income in cryptocurrencies that way I know that if the market is down then I'm good. Also banks are insured, cryptos are not.

Basically bank acts like a home for your money and you will get a little interest by hold your money on your bank, that was having a purpose to become a place to store your money and it's really different with the definition of the crypto.
Crypto has a very strong relationship with the market and then it will always give volatility.

Kurokyy

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LETS GO ADAB

Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

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 highly prefer to invest on cryptocurrency because the increase is higher rather than placing your money on the banks which will only give you a small amount of profit in the future.

Sarisang

sr. member

Activity: 784

Merit: 250

just storage then the bank is the best option. It's more secure even though there is still a risk of losing also. from crypto in the always on the increase and decrease in price and even hacking then the bank would be more secure. which is certainly no guarantee can be given a bank from a pad in an obscure crypto at him even though results from crypto.

dentolas

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arcs-chain.com

In both of these options there are a few risks, banks are currupted and exist to "steal" and control our "money", but crypto is also volatile, unregulated and highly susceptible to attacks... well, I guess I would go for a healthy mix between both and hopefully in the future, I would go entirely for crypto...
cheers

goolesby

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Gistcoin

Actually I will prefer to bank as the centralized bank system. But, I will prefer to use the cryptocurrency in order to get profits form it. Crypto is actually very benefited if we can see the prospects on it. Crypto is very worthy for investment and earn money from some programs. So, why I must decide to choose one if I can choose those two?

Anita1873

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My preference is the bank as I got fixed and secure income and banks are under regulations but crypto market have no control and highly volatile, if this market comes under regulations then I also enter in this market.

dizzy1996

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MoonDeFi

In my opinion, it's better to invest in crypto currency and keep everything in it so there are stable tokens whose price does not fluctuate, and in banks I think it's already not viable to keep my own funds as it is a very long process, and in principle you decide which way is best for you

jhache

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Activity: 518

Merit: 100

Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

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?

Bank for me is better for now, with crypto I cannot predict what will happen with my money so I'm basically just going in blind when I am invest in the coin. I prefer to keep the money that I would be needing in the bank and only put disposable income in cryptocurrencies that way I know that if the market is down then I'm good. Also banks are insured, cryptos are not.

Aponkye1

member

Activity: 336

Merit: 10

seriously i prefer saving in cryptocurrencies other than saving with our banking systems because you will only earn just a peanut over there but in cryptocurrencies like bitcoin or ethereum you can earn very high amount of income.

ejawusa

jr. member

Activity: 224

Merit: 1

Because in my country cryptocurrency hasn't been legalized, so I still keep my money in the bank, but if the coin that I have got in the crypto world I keep it in the crypto wallet to be safe.

Milamol

member

Activity: 686

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Yes, crypto can not be a way to store funds because of volatility. Crypto assets can be compared to shares. But the shares are regulated, and campaigns use shares to deceive much less. So, store money in a bank; invest - in crypto. We can consider storing in crypto in USDT.

Jamboo30

member

Activity: 378

Merit: 10

The country I live in has not accepted Crypto as a payment method. Therefore, I still keep most of my money in the bank, and use 20% to invest in Crypto. In the next few years, if Crypto is allowed, I will invest more in Crypto

yukihirasouma

full member

Activity: 378

Merit: 100

better both it's safer to keep funds in a bank, but i prefer crypto for make profit with long term investment buy and sell coin.
at the moment many country not allowed to use crypto so for save funds better in bank and make profit with crypto.

adpinbr

sr. member

Activity: 1078

Merit: 254

As for now, I don't think that it is questionable, I am sorry, but for now I'll definitely go with bank, why? Well, it is because that the currency that I live in does not have this thing called "volatility" yes it does move up and down, but not as fast as crypto does, mainly Bitcoin, however I do use crypto and I can say that it does the job done as well, so I don't think that I can compare these 2 without having to say anything because they both benefit me.

Topic: Which do you prefer, bank or crypto? - page 38. (Read 3908 times)