Topic: Which do you prefer, bank or crypto? - page 45. (Read 3892 times)
in my country, at the moment the Bank is preferable, so I choose now the Bank to store my money, but I hope that in the near future all cryptocurrency legalize where I live.
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 would prefer crypto for investation, but if i have to pay bills or something in the future, i will save it on banks because crypto is too risky.
I prefer save money at the bank than crypto, but in future maybe will change in crypto, because everthing will change in future. all people will use digital asset.
Definitely this crypocurrencies will take off the banks in future as most of the people's came to know about this. Yes this is scary but not much, all you need to do is invest in a best coin to make good profit also it is slowly trending. Yes this technology will rock better than banks in very quick time.
I prefer cryptocurrency, though it's susceptible to cyber scams and lots of wallet hackings but there is a way to prevent that by keeping the private keys safe, not entering phishing sites and better still use hardware wallet like S Ledger nano which gives utmost security from hackers
And why should you make a choice? Today I would not make any choice, because I believe that without banks today it will not be possible to live normally, in spite of the fact that they live only at the expense of their investors, they store value, if in the future we can reorganize the value, then their just will not.
for the time being i would prefer bank as crypto is not legal in my country. also i would like to keep my investment in crypto not all money because some time you need urgent money and you do not want to withdraw it at lower market condition. however in future this blockchain technology will work better than banks system in future.
Recently, there has been an increase in the confrontation between traditional banks and crypto-economics. Thus, the world's largest banks glorify the laudatory ode to the blockade and its opportunities for transforming the financial market, while at the same time severely criticizing bitcoin and other digital currencies. While the bank in the confrontation with the crypto currency, I choose the bank. But for now.
Today I will choose a Bank. But I believe that in a few years I will choose bitcoin because it is more technical and I would say safer. Moreover, the cryptocurrency is not just a way to store, but also a way to invest, annual interest completely depend on coins, which increases interest in this field.
I prefer both too. Because banks have some advantages and crypto have some advantages. i believe we dont need to select one of them. we can use these two because they have some advantages and disadvantages. for example now i am using crypto for all of my money payments worldwide.
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?
Actually i prefer both. Its good to save money in bank specially if you need in your specific goal, you can withraw anytime if theres an emergency and it directly gives you a cash, While in cryptocurrency, its good also to store money but in other way, you have to keep safe all your accounts and private keys to avoid losses.
certainly prefer crypto, I’m tired with the bank operation. Crypto would be the future for investment.
Actually depositing a bank is a way to keep your money, rather than investing, with cryptocurrency it is a kind of stock in the electricity world, its value goes up every day. The money in your bank will always be like that and not afraid to lose
If the money is needed for a specific goal, which will need to be achieved soon, then it is better to keep the money in the bank. If there are no plans to use money in the near future, then money must be invested to work. You can also invest in cryptory.
Over the past year, cryptocurrencies have shown an absolute decline, I'm not have willing to greatly diminish own capital by keeping all savings in crypto. Of course, the bank is better, it is much safer.
At the moment, I prefer the third option - diversification of my savings. Part of the funds I will store in cash, the other part of the funds in the Bank and the third part of the funds in cryptocurrency.
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?
At this current situation I will prefer putting my money in bank than in cryptocurrency. The reason is simply security matters,because crypto is much more prone ta hackers and scammers compare to bank. Although there's some instances that our account in bank is also hack, but it is traceable and bank do the refund while in crypto no chance it will be return. But I'd still do invest crypto but only a portion of my money so that in case it will gone, still I have savings left for back up purposes.
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?
To store my savings, I would certainly choose a bank, because today it is much safer than storing money in a cryptocurrency wallet. If something happens to my money, I can always contact the Bank for support, and if I lose the cryptocurrency, no one can help me. 
I prefer save money at the bank than crypto, but in future maybe will change in crypto, because everthing will change in future. all people will use digital asset.
Bank or crypto? I think both of them have their advantages and disadvantages.
If I save in bank, I can have access to it at any time,I can withdraw my money at any time and my money might not increase but the amount will not reduce and if there is any problem(s), there is a financial insurance that covers my saving. However, the problem is that, the money will just there without appreciating, talking about operating savings account.
In the other hand, crypto has it's own limitations too: when you need money, the assets might have reduced and most importantly because it is decentralised, if any problem should happened for example loss of assets as a result of hacking, no one will be responsible.
What I used to do is that, I don't do rush investment in crypto, I only invest money that I know I don't need it in the next 3-6 months, then I also have little amount in bank that I used for my upkeep.
But what is the essence of money in bank that is not appreciating, why can't I rather invest 80% of it in crypto.
That's just my own ideology and it has been working for me.
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If I save in bank, I can have access to it at any time,I can withdraw my money at any time and my money might not increase but the amount will not reduce and if there is any problem(s), there is a financial insurance that covers my saving. However, the problem is that, the money will just there without appreciating, talking about operating savings account.
In the other hand, crypto has it's own limitations too: when you need money, the assets might have reduced and most importantly because it is decentralised, if any problem should happened for example loss of assets as a result of hacking, no one will be responsible.
What I used to do is that, I don't do rush investment in crypto, I only invest money that I know I don't need it in the next 3-6 months, then I also have little amount in bank that I used for my upkeep.
But what is the essence of money in bank that is not appreciating, why can't I rather invest 80% of it in crypto.
That's just my own ideology and it has been working for me.
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I choose two just 50 - 50, half of my money will go to the bank and other half for cryptocurrency. If lose my money from cryptocurrency no worries I have extra money from my bank.
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