Topic: Which do you prefer, bank or crypto? - page 46. (Read 3908 times)
I think I will not choose only one. But, i will choose them all. In my opinion, it is important to diversify my money into bank fiat and also cryptos. This ways can minimize the risks of losing the money. However, it means that I must be wiser and more careful in deciding money for crypto and banks.
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?
In country I live in banks are a not safe to hodl your money, we have high yearly deposit percentage, but it is not just safe! I had sold my ATV and I am waiting to buy BTC or ETH at my levels set and will surely keep money in cryptocurrency for long term investment. I think this is our future and it is a good investment instead of bank, where you get big risk of not receiving your money back!
If we think about it then there is no safe place for us because all of them have very complete problems, but we just run what is best. If indeed that is our right then no one can take our money.
If you were to ask me, it depends. I prefer bank when it comes to keeping money, i think it is more convinient to use bank accounts than crypto, and it is safer in bank i think than crypto savings. But i ussually prefer crypto currency in terms of investment. Buying and selling coins for profits. Banks only give annual percentage.
Yesterday i was in bank and asked them about how much i will get if i will put, for example, 1000$ on my bank account, the answer was so sad - 1% per a year. Of course, a lot of risks in crypto, so personally i would better diversify - one part in crypto, second - on bank account.
For me, crypto is more free. If I can safely and safely keep it, it is completely under my control. I don't need to go through the bank's cumbersome procedures when I cross-border transactions. I just need to enter what I want to send. Address and then click Send. How easy is this！
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 be honest, risk is everywhere and banks and cryptos has their own pros and cons and I feel like I was torn between so I'll just choose both since these two is already part of my life. If I want to secure a profit and planning to use it to my future, I'll go with the banks and for investment I'm taking the side of cryptos since I've seen enough and to put my hopes here.
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 like and work with both of them. Crypto I like more. Banks is more stable crypto can be is more profitible
In my opinion, it's safer to keep funds in a bank, but it's still profitable to invest in a crypto currency!
To be honest, I like crypto very much, but according to the current situation in the world, if I want to make a choice at this stage, then I definitely believe in the bank. Because encryption is still small, it takes a long time to grow, but we need to live in this process.
Now I prefer bank because crypto is not accepted in my area yet. I like to see crypto can be used as they use WeChat Pay in China, you buy vegetables and pay with QR code on your mobile phone, cashless.
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 will choose both of course because banks are still here to make us more liquid and that is the best place for now to put your big money. I treat cryptocurrency as my investment so technically I will also love to put my money here because it can easily make profit to me. Banks may not give you much higher interest but it is still safe to put your money there. 
In this situation market going very down and people lost in their money for trip to down. In this moment I prefer to bank better than Crypto. Bank issued by government but Crypto not issued by government. but if someone addicted in Crypto he will must say about Crypto. Better you take a decision about this.
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.
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...
If it is just for the benefit, then I will choose the cryptocurrency, but if it is to save the property, then the bank is the best choice!
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.
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?
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