Bitcoin Forum

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

Well, i think the example you give isn't a really good one... Human stupidity is human stupidity wether you're using the traditional banking system or bitcoin.
If you're stupid enough to sign a legally binding timeshare contract, it doesn't matter if you have all your funds in a traditional FIAT bank account or HODL'ing BTC, you'll still be forced to pay up each and every month.

That being said: bitcoin is decentral, there is no central authority, and it's based upon time-tested cryptographic techniques. This means that, if you hold a traditional bank account, a judge can just sign a piece of paper with which the timeshare company can go to your bank and force them to wire your money to their account. In a BTC world, no piece of paper could ever take your BTC behind your back, you'd always have to make a transaction yourself OR you'd have to fork over your private key/seed phrase/HW wallet pin code. That being said: a judge will always have ways to force you to pay your debts... I'd rather pay a timeshare company their dues instead of going to prison.

The big difference lays in de decentralised part: if you use traditional banks, your account details are just a row in a centralised relational database managed by the banking industry. If they get a piece of paper signed by a judge, they can just edit, update or delete your record in their database (with our without your knowledge/aproval).

In the bitcoin world, nobody but you can spend your unspent outputs (unless they have your private keys).

What exactly are you talking about safely? Bitcoin can be safer than banks, especially for high-volume investments. Also, if I make a monetary transaction today, I can transfer money to the other end of the world in maximum 15-20 minutes. Moreover, no matter how much money you have, the transaction fee is fixed. In the future, the spread of bitcoin will increase as it is converted into money or used as a means of payment. Yes, I think it's safer!

It's depend upon you if you have Trust to BTC and other crypto currencies. It's the matter of self decisions if you rely to other you will not know it's safe or not. Maybe not just rely to the bad news that you read , just believe on your self and to the power of digital currencies.

Exactly. Having complete control over your funds as you do with Bitcoin is obviously a huge advantage over the fiat bank system, but can also be a disadvantage if you are careless with security.

If your credit card gets cloned, or your account gets hacked, chances are your bank will pick up on suspicious activities and lock your account. Even if they don't, you may be able to claim back money that was stolen. If you are careless with your Bitcoin, using weak passwords or brain wallets or something similar, then tough - the funds are gone and there's nothing you can do about it.

Crypto is perfect if you want to be free of the nanny state overseeing all your transactions, but the buck then stops with you - you can't go crying to some higher power when you mess up your security.

Yes, becouse its based on blockchain. Banks can be off at any moment, but millions of other peoples - cant. I think its more safety

Bitcoin is really safe and secure. Paper wallets can be used to store bitcoins offline, which significantly decreases the chances of the cryptocurrency being stolen by hackers or computer viruses.

I think the use of Bitcoin is more convenient than the bank. Bitcoin Transmission Facility Besides, strict security is used in the exchange of bitcoin. Moreover, if you do not have a solid password. Then there is the possibility of damages. Safe in banking than Bitcoin. Because the bank stole your money, you can get it back. If the bank can open up, then your account will be blocked. But in case of Bitcoin, if your password is weak or hacked it will never be returned. So this is as safe as the banks bitcoin.

God no, you would have to be really low IQ to think that bitcoin is safer than traditional banking

Bitcoin is really cool if you want to have financial control over your funds, on the other hand, the traditional banking system always want to control hard earned money of customers. There has been some instances where people struggled to withdraw monies from their bank accounts due to technical issues  from their banks but the same cannot be said of bitcoin since everything is decentralized thanks to blockchain technology.

I think Bitcoin is safer than banking. Bitcoin is more accessible than banking. In terms of transferring money.Bitcoin will be transact easily than banking and no need to fill-out forms just to deposit or withdraw. Just think if you want to take risk of your investment. Are you for Bitcoin or are you for banking.

I don't think all banks would do the same thing their reputation is at stakes here and I really think that it will sure depend on the situation if you would really take that offer, I really think you should read first before making a go with it, It will depend on a person's decision if he's gonna go with the offer, But simply most banks are safer because of the security provided within it, But for me I would simply take both opportunity to take banking on both bank and with Crypto wallet, My mind set would have both fiat currency on the bank and earning profit with bitcoin while using Cryptocurrency wallet because you will never know what may happen in keeping both and having money on both bank and Crypto wallet at the same time.

The whole system is decentralized thanks to blockchain technology. And for this I believe that bitcoin is more secure and reliable.

I think that it's not necessarily safer in terms of the security of your funds per se.

You're probably able to claim compensation from hacks etc. if they do happen with a bank, which means that in most cases you're covered. However, I'd say that a perfectly secured bitcoin wallet is much safer than something like a bank which incur way higher rates of hacks, and fraud, including cheque fraud and credit card fraud.

Think of it this way - would you rather trust a central entity and a central database, or a decentralised system based on cryptography? Probably the latter.

Also this is not taking into account at all the reversibility of normal fiat banking payments, as well as the fact that bitcoin is a much better store of value than fiat. These all add up to give bitcoin the upper edge imho in terms of long term security.

Frauds happen in crypto too, especially in bitcoin where newbie investors get scammed all the time. I believe that this is inevitable regardless if its bitcoin or banks we're talking about because there's always one person that will not do due diligence.

Though if we base it only in the system itself, it is without that bitcoin is more secure since information cannot be altered.

Yeah bitcoin is secure and more reliable because of it's technology and Blockchain technology. It is safer than banking because no one can control your business.

I think transactions in banks are safer then Bitcoin, because if the bank is legit and collapses, the government can refund your money but if someone hacks your wallet, no one will refund it for you.

I believe bitcoin is safer than bank but if your money is on bitcoin and when the price decrease your money value will going to decrease also now it is up to you what you want if keep it to bank or bitcoin

Peer-to-peer technology is placing more power in the hands of individuals and Bitcoin is a serious upgrade to our money.Bitcoin doesn’t have any spending limits which means you can send as much money as you need. Doesn’t this make better sense than being told how much of your hard earned money you’re allowed to spend?

Bitcoin and bank has a different uses. Bitcoin is not 100% safety because lots of hacker targeting the bitcoin holder like my friend even the coin was in her wallet hacker take's it all. Unlike bank has a many security and safety measures.

what you need to realize is that there is no perfect system, so subsequently there is no perfectly safe either. every system will have advantages and disadvantages, you can't just put down the banking system because there are some flaws in it. and you can't say bitcoin is 100% safe because it doesn't have those flaws.

between traditional banks and bitcoin experience many differences, among others, banks have many rules and balances that we have they can know, but bitcoin has a lot of sophistication and assets that we have they do not know, if talking about security both have the same risk but bitcoin has many private keys as wallet security, while banks have limited private keys

Actually banking is much safer than the bitcoin, in cryptocurrcy ,the bitcoin investment have a risk than banking , but even if bitcoin is risky but you can still manage to absorbed the risk, just be cautious amd be safety always in every transactions.

I think that bitcoin is not that safe as banks, because bank accounts eventhough you've loss your card, you can still have access to your account. Unlike bitcoin, if your account is hacked, all the coins in your wallet would be gone.

I think that bitcoin is not that safe as banks, because lots of hacker targeting  the Btc holder event the coin was in your wallet hacker will take it all. Your bank accounts only loss when you lose your bank card, but if you have full card information then you can recover your card.  :(  :-X :-X

You cant say bitcoin is safer than banking. In these days there are a lot of news about bitcoin scam. I think banking is more safer than bitcoin.

I think for me, its not. Bitcoin is not safe as banks, because bitcoin there's a lot of hackers especially its in the internet not like the bank it has the best security. And if your bank collapse, the government can pay you.

From the point of view of the average consumer, banks are safer than bitcoins and other cryptocurrencies. Since banks insure all deposits. Even if the bank is robbed, you can get your money. In the case of cryptocurrencies, you are responsible for the security of your funds.

Yes, it is a little fun to hear the blockchain system compared to banks, but both of them have advantages and disadvantages.
Like a bank, if they get fraudulent reports, the bank will definitely immediately cooperate with the police to track down the perpetrators, this is the excess of the bank if fraud occurs while using the blockchain system will find it difficult to track, including the police, also the difficulty of tracking down the perpetrators.

I think yes. Because bitcoin is one of the fastest and easiest way to earn money. We can exchange it and  withdraw it instantly. The bad side in bank is that they get some interests in your savings and they say that it is because you are using their system. Well, bitcoin don't do that.

For me it's YES, because Decentralization is Bitcoin’s “killer app” and there are several things it can do better than traditional banking. Bitcoin is free to use and accessible to anyone without limitations. Bitcoin doesn’t have any spending limits which means you can send as much money as you need. So that's why bitcoin is safe.

right now? i think yes because we can see that the bitcoin use the blockchain system that we know have a better security than the ordniary system, and maybe it will change the all traditional system in the future with the blockchain system

Bitcoin is one of the cryptocurrencies, actually the leading one so, cryptocyrrency is the best asset, but it is what we say one miss you die, in banking, you have process like real filling requirements or form and it is totally regulated,  once the bank mess to secure your funds then the bank will refund it for you,  but in crypto currency industry,  wrong step, of entering in phising links and not being be careful with viruses, that collects cookies of your informations then it is the end.

Well, digital currency is here to stay, but before it does and adopted properly for what it's intended for.a lot of battle will have to be won against manipulation, government, whales, shit & scam coins and likes
Bubbles and pumping will not help .if this is done, adoption of cryptocurrency will be massive and profitable in the end
Cheers

Ofcourse because banks are centralized, but the problem is BTC will be centralized soon, they are trying to control the market, arent they?

In my opinion, bitcoin is actually more secure than bank because bitcoin is highly secure and very tightly controlled so it is safe to store our assets. We can also control our assets. We are always ready to buy or sell bitcoin quickly to help increase the value of our assets. In your opinion, where is the bank better than bitcoin?

Right now I think that no. But in the future, I will agree with you. As proof, I will give an example. I have seen a lot of projects that were losing money because they were stolen. But bitcoin has many other benefits.

At the moment there is not a clear cut answer to this question as the traditional banking and its routines and checks are quite helpful but also have their shortcomings. The bitcoin equally has its advantages but its disadvantages are also there and the benefits are quite certainly outweigh these shortcomings. so there is not a clear cut answer at the moment to this question.

Yes, in my analysis, the current bitcoin is safer than banking because it has a high security system that is safe for the user and if the error comes from the user's fault so you should invest in bitcoin and Keep your property here for easier control. And do you think the new bitcoin or banking is the safest place?

reportedly is bitcoin. now I'm studying it

i think it depend on you. if you manage and protect your password or private key well, the bitcoin and crypto altcoins will be safe.
you should believe in yourself and trust about blockchain technology, they are technology of future

No one can guarantee 100% security for Bitcoin and banks, Bitcoin and banks have their own strengths and weaknesses, so nothing is truly safe. You can't just put down the banking system because there are some shortcomings in it. and you can't say that bitcoin is 100% safe because there are hackers who can take your Bitcoin.

As much as we hope and want Bitcoin to be safe as much as banking, currently
it isn't. It still hasn't reach that kind of stability to be on par with traditional
banking. I believe it's heading to that direction but it's still gonna take some time
and go through a lot of scrutiny and assessments. But for long-term investments
I think in today's market Bitcoin decisively qualifies as a safe choice than traditional
banking. It's a lucrative option that is appealing and is accessible to anyone.

Safety is really dependent on your idea of security. There always exist loop holes in terms of security.

But in general terms of digital security (since we are talking of bitcoins), having your transactions kept and saved in an immutable manner is an absolute plus in security. Add to that the honest peers that confirms every transactions that throws out any attempt to append false transactions, i think we have a really safe system there.

And unlike banks where transactions is open to human tampering, bitcoin guarantees no such event shall take place since there is no central power in control of the data.

So yes, i do think that bitcoin is way safer than banks.

In my opinion, that is only partially true. Bitcoin is really safe and secure. We can take good control of our finances with one. However, in case you are careless? For example, your password is weak, or your information is stolen. There is no guarantee for your finances. With the bank, when your account is hacked, the bank will detect suspicious things and can help us to prevent timely. Therefore, we should consider using bitcoin or bank.

Yes, you right talking bitcoin is safer then banking.and it's depend upon when if you have trust to BTC.i have notcied a lot of projects that were losing amount but bitcoin has many advantage then other coin.so it is protected to stocks our assets in the future.

There are many ways to ensure the safety and security of your bitcoin alt coin etc.. it’s as safe as you want it to be if you take the proper steps at protecting your money.. cold storage and paper wallets are a few examples. Take it off your system and use it when needed. Of course here are going to be issues because we’re human and mistakes can happen. Seems like at this point in time it’s not for everyone as a lot of people are claiming hacks and scams etc because they’re not doing their own dudiligence.. it all comes down to the user and people seems to be not ensuring their own security. If you fuck up you will lose your money.

We must understand the core fundamental work process of both the systems to determine the security. since the traditional banking system is based on the trust of the few people, there is always a chance of losing our money but on the other hand, Bitcoin is based on the blockchain technology which relies on the principle of decentralization and hence if someone is trying to hack the system (which is beyond impossible), he will be losing his resources too. Decentralization makes it transparent and trustworthy over the traditional banking system.

Since both are unsafe you may go with bitcoin as well. This is like asset for investing our own money on gold or real estate. I really do not understand that what the problem on bitcoin for others.
They mostly trolling the others when they thinking to invest on cryptocurrencies.
If you accessing your wallet with correct URL you cannot be hacked by anyone. Follow simple steps given in wallet site itself to secure your wallet.

It all has to do with security level of the bank or the wallet.Conventional banks try to secure the funds of their customers and they are under the supervision of the country's central bank which forces them to be responsible. Bitcoin may not be safer than bank because if by chance you lose your bitcoin it is gone forever but if the money you have already in the bank is compromised not because of your own fault the bank will pay you back the money because it covered by insurance while crypto is not covered by any insurance. But if you have an adequate security measure for your wallet it will also make your wallet safe.

Of course bitcoin will be more profitable. Moreover, most likely in the future there will be a situation such that bitcoin will simply displace the banks. The intermediary in the form of a bank will simply not be necessary for anyone. Also worth remembering about the main advantage of bitcoin in the form of decentralization ... so that some advantages in favor of bitcoin

Yes bitcoin is safer then bitcoin because its based on blockchain.bitcoin is one of the easiest avenue to earn money and we can barter it countermand immediately.or bitcoin has always many other benefits.

I honestly concur with your brilliant piece! The most important thing for bitcoin is adoption. We need more 'real and workable' projects (products and services) around crypto sphere.

As someone who have once fallen prey to this scam before, I say that it just depends on the person/account holder. What happened to me was I did not realized how much I have to pay every month for a real estate investment until I have already paid for a month advance. Fortunately, I managed to cancel it before the second month but I never got my money back anymore. With cryptocurrency it is the same. If you are not careful and smart and are impatient, you could lose your money fast. No matter if it is bitcoin or the traditional banking system, it is you who is responsible for your money and what you do with it.

It's rely on you if you have Trust to BTC and other crypto currencies. It's the matter of self decisions if you depend on others you will not know it's safe or not. Just be vigilant and do  depend entirely on the negative news that you found , just believe on your self and to the power of digital currencies.

Bank fraud and timeshare fraud are two distinct types of fraud. In the case of bank fraud I think of a centralized institution that holds your money (a bank) and the institution or someone in it defrauds you. In that case, bitcoin is arguably superior because nobody can access your bitcoin unless they have your private key. You have much more control, but with that control comes more responsibility for protecting your private key and not losing it.

With timeshare fraud you are essentially being duped by fraudsters into giving them your money. It's kind of like investing in a scam ICO. If you invest your bitcoin into a fraudulent scheme, then arguably ordinary currency is better than bitcoin because you might have insurance or fraud protection (on your credit card for example).

obviuosly keeping your money in banks is a much safer decision. Bitcoin and other digital wallet is not as secured as the banks and it can be subject to theft. There is also a possibility that it can be hacked.It is somehow secured and much more profitable when you keep bitcoins than storing money in banks.

Although highly favored in investment, bitcoin is more worrying. Even though we get access to the server, we have to be brave enough to take the risk.

Of course, slowly it does not rule out the possibility of more and more hackers who are starting to glance at the advantages of bitcoin. So, they could plan to hack a bitcoin system.

While bank security depends on the type of bank we use. Globally, banks are more favored in their credibility and security. Client identity protection is also very well maintained to smooth transactions between users.

yeah. Bitcoin is better than cash. Bitcoin is a good investment. So people choose the bitcoin. People get more information form bitcoin. Bitcoin is the best one of the coin. So bitcoin will be given more information and rules and regulation. So people easy to use the bitcoin and handling to easy.
Banking is not good for the people future saving and future growth. The bank is not giving the full information. That the reason affects the people saving. Most of the people use the bank for saving. Some people only know the bitcoin. So most of the people wait for the bitcoin investment.

Yes of course , if your bank's encryption or firewall are not strong hackers can break in and make away with your money or sometimes bankers themselves do steal peoples money and run away bout bitcoin is not like that you are just the controller of your money with your private keys

No bitcoin is not safer compare to conventional banks. Banks are  being supervised by the country central banks and the customers money is covered by insurance. Bitcoin is decentralized and there is no insurance cover for the customers money.The customers are responsible for their security. So if you lose your bitcoin there will be no compensation but if any thing happen to your money in the bank you will be refunded.

Yes, bitcoin is safer than banking no anyone stole your bitcoin. Bank will freeze your money but bitcoin is not frozen. Also, bitcoin prize increases with increasing demand because limited currency and bank use unlimited money printing.

Bitcoin is much safer provided that you know how to handle it. Also it can bring you much more profit than the usual deposit in the bank.

Cryptocurrency analyst Chris Burniske believes that bitcoin at the moment" functions as a reserve currency " for investors — this is evidenced by the halved volume of network transactions in the current year.BTC

Nope never and ever would be. Banking is a institution where everything is in discipline and well manner.But here Bitcoin is not institute,it's a open market for all in world without knowing there identity so the risk is more as the money is more.So banking any day is more safer than Bitcoin.

it depends on your definition of the word safe, with both there is still a risk involved. both the traditional way of banking and that of blockchain have their own problem. the only difference with blockchain an individual total and actual power over their own money than that of the traditional one, it means the safety of one's own money lies in his or her hand than the former

Outright no, there are a lot of risk involved in keeping digital asset like bitcoin, issues of hacking is no1.

anything that relates to financial funds I think has a risk. whether it's high risk or not. surely all have risks. especially at this time of banking since there was bitcoin like being eliminated. because bitcoin is more attractive to many people and paerbank'an is interested but not like bitcoin

By my opinion, neither is enough safe. Hackers are always looking for their chance, always developing new skills, getting new ideas. Even if we are extra careful it doesn't mean that we are not going to be scammed. But all people should know that they should never fall on that free holiday etc sh.. frauds

Both of them have it's own risk and both of them are different. We use bank for saving our money but we use bitcoin for investment, Bank is more safer than Bitcoin because Bank is under control by the government but bitcoin is control by it's users. If you can't protect your wallet, you can loss your bitcoin by hacker.

Yes, of course, Bitcoin is safer than banking. Many people aren’t aware that the money in their bank accounts is credited that represents a promise to pay. The entire fractional reserve banking system is one massive debt bubble that resembles some sort of elaborate Ponzi scheme.

With Bitcoin, your money is cryptographically locked on a public ledger and each coin represents an actual unit of value and not just a promise to pay value at a future date.

In terms of  security, bitcoin is far secure than banks. Once you keep your private key free from everyone, your bitcoin will be in your wallet for as long as you want. But with banks, they can be fraud and your money will be affected. Moreover, with bitcoin you can make transactions with lesser charges compared with the fees banks charge for the transactions you make..

Well, it's safer and more dangerous. Safer in matter of security. You and you alone keep the key to unlock it, you're the only master of your money. More dangerous because of market fluctuation, some day, you'll feel like a king, some other day, you'll feel like a fool.

There is no one among that is safer. Nonetheless, bank is safer than bitcoin because if you make a payment into your account in the bank and anything happen to your money it will be on the bank and the bank employee. But if it bitcoin it will be self problem.

As for bitcoin the loss and the gain arise from your fund will be bear by the owner of the wallet. But as for bank, when ever anything happenshappens to your fund it is on the bank but your money is safe

In my own understanding, I believe that banking is more safer than bitcoin as bitcoin wallets and exchanges are all prone to hacks but bank would likely safeguard your money in the bank

Fiat operates through fractional reserve banking which means that not everyone can access their money at the same time. For this reason banks need to limit purchases and withdrawals with daily spending limits. Bitcoin doesn’t have any spending limits which means you can send as much money as you need. Doesn’t this make better sense than being told how much of your hard earned money you’re allowed to spend?

It's a matter of self-determination if you depend on others you don't know are safe or not. Maybe you don't just rely on the bad news you read, just trust yourself and the power of the digital currency.

Even if you aren't careless with it, many other websites that are not under your control can scam you. You might try to buy something with bitcoin and get scammed, something that wont happen with paypal for example or your bank for that matter, at least you would have certain legal options. What about exchanges? Once you deposit your coins there you could lose everything even if you used the best passwords. Cryptocurrencies in theory are great but in practice not so much.

I think it depends upon how you used or do some profitable action on the crypto feild. Bitcoin is safe but we can also loss on it if we don't have a big patience to wait for the very best time to sell our holdings. And sometimes it's price really dropping like it is been through a very huge dip that is really the main reason why we panic and sell which lead as to lose.

If you are honest person, do only legal things and think you won't have problems in future, then banking is safe in any way. But on another hand, bitcoin of course. For example if anything happens, bank can freeze your account and funds, no one can freeze your bitcoins when you own them on cold storage. If you are getting caught and you run away, escape somehow, your only relationship with money can be done by bitcoin. I think everything is clear now.

It depends, in terms of transactions and moving large some of money then bitcoin is safer. Building your money while its been saved, bitcoin is safer... saving your money and not expecting much in return, than you can try bank!

cryptocurrency is more safer than banking system, as we all know, crypto currency is other know as digital currency,the only demerit of crypto is that it is not yet adopted enmass by the public, if crypto becomes generally acceptable, then the banking system may become obsolet.

Yes, I think all investment has its own risk and bitcoin by being a decentralized system the risk involve are carelessness of holders and no other party to appeal if there is something not good happen in the long run, so bank is more secure but less opportunity to earn profit not like in crypto currency that there is a high opportunity to be profitable if we gamble the destiny of our investment.

There is no safe place to put your money, you can still lose money in the banks it just so happen that cryptocurrency is more risky compare to the banks because of many hackers and scammers. This will also depend on how you secure your cryptowallet but in general banks is really safe especially if its a large bank.

bitcoin characters is anonymous, so hackers will find it difficult to hack bitcoin wallets.

so, I think bitcoin is very safe, and if we compare that hacking bitcoin asset is smaller than hacking that occurs in each bank.

Hello,

As soon as you secure yours wallets I think they are at the minimum as safe as banks. If you keep your credentials secret, be carefull of where you are going with your computer and avoid scams there is no risk of trouble.

If you compare to credit/debit card using yes I think it is safer as there is no possible copy or hacking of yours wallets with the required safety rules.

I think that yes, it is really safer than banking today because it is popularity is increasing and I am sure that coins will be popular in the future for long time. I will invest in them soon

Bank system is safer than Bitcoin if we look through the "mistakes" perspective. When sending Bitcoins you need to be very careful, once you hit the "send" button it's done, irreversible... At banks there are more guarantees you won't commit any mistakes: you put account number, agency, name of the recipient, and even if there is a mistake after all, you can contact the bank and they may accept reverse the transaction for you (depending the situation, of course).

But at banks you don't have any privacy and it's not considered safe in many cases...

I think both of them are the same, they have the same shortcomings as the security system, I don't see one of them being superior, the fraud will occur in both as long as there are gaps that can be penetrated by the hackers that will continue to occur, it's hard to prevent that because people the irresponsible people who are smart and very understanding of technology, the more sophisticated the system, the more intelligent they will be

That depends on how careful you are in your assets. There is nothing wrong with banking and conne t it to online banking and download bank apps for you to chexk your accoint regularly. Bitcoin also can be check regularly because it is just in your gadget with the use of internet. Both can both be operated in internet, the only difference are the transaction fees. Both safe and both risky. It is up to you to handle.

the security level of crypto wallets especially bitcoin is impossible to penetrate because the blockchain is desian for it. recording on almost all blocks and verified this generally makes us very safe.

I think decentralised investment got a bigger risk than centralised one, if you are talking about fraud then there are a lot of cases in crypto, when you become the victim of crypto you wont be able to do anything because there are no regulatory body, identity theft could also happened in crypto when you joined kyc bounties, so crypto is not totally safe, if you talking about safety I think bank is better, but its all depend on how careful you are

I agree.It's more safe to entrust your assets into your bitcoin wallet than putting it all in a bank.Many people may have trusted banks for a long time since there is no other option,but this time crypto wallet is already here wherein you have all the full control of your own assets.But still you should also be responsible for the security of your own wallet.

Bitcoin is decentralize no one can get what you have on your wallet even your criminal. your a prisoner no one can get it even in a Supreme Court. Supreme Court has the power to freeze you account because your accused on a crime that gives them authority to your account on the bank just a little agreement signing paper it can work but on the bitcoin even your dead no one can get it as long you are the one that know about it. The only thing that can way to get someones bitcoin is stupidity for being careless and get it hack.

I think 100% bitcoin is safer than banks, because bitcoin cannot be hacked, it's just hacked if people keep complete data on bitcoin wallets easily, so I suggest storing complete data on bitcoin wallets in a safe and confidential place.

With the amount of profit that a person can earn from bitcoin within the shortest possible, I think that bitcoin is sweeter than Bank investment. But in any business avenue, the higher the risk, the higher the profit. I believe that you can suit yourself now.

For me no one can guarantee 100% security for Bitcoin and banks, Bitcoin and banks have their own strengths and weaknesses, so nothing is truly safe. You can't just put down the banking system because there are some shortcomings in it. and you can't say that bitcoin is 100% safe because there are hackers who can take your Bitcoin.

Both BITCOIN and Banking are safer interms of saving money/digital money currency. It depends on how you manage your savings, always make it privacy your password/pin code/key/personal info/etc.

well it depends extra security applied on crypto will be great like 2fa or authenticator, how ever lets admit it be aware to those hacker keep your credential on only one computer, bank is a good place to keep your money safe but if there is a robbery at that bank or any anomalies its pretty hard to trust another bank again.

Bitcoin security depends entirely on the user, a tech savy person will use both hardware wallets and cold storage for added security, while noobs will probably forget it or email their keys to their friends for extra security. Safer than banks? yes and no

Bitcoin is safer than bank when identity and information are strictly confidential. There are a lot of cases that happen when the bank account information is revealed and you do not know the bad day, your property suddenly disappears and you have to wait for the investigation. You worry and nervous when such problems occur.

Is bitcoin safer than banking?  Well in my own opinion.  Its your choice if you think bitcoin is safer than banking. But if you ask me I choose  banking I think much safe if my money I'll put in a bank. Well this is my own opinion only.

For a separate subject is without a doubt. Bitcoin gives anonymity, independence from the external manager, reliability of preservation. Of the disadvantages while the complexity of the treatment.

Well, it highly depends on the particular banking system. For underdeveloped countries, btc-related risks are lower than risks of money no-return by banks. BTC deflation nature also counts.

Banks is safer as long as you deposited you money to the most trusted and reputable banks in your place. Banks cannot be easily hacked because they spend lot of money just to hire the most IT experts and to buy the most advance cyber threat security so that our money will not be steal easily but even someone successfully hack the banks but still our money was already insured unlike Bitcoin in which lot of known exchanges are already hacked in spite of their defenses which is sometime i think it was an inside job and our Cryptos are not insured.

The fraud examples you stated was a result of being greedy and greediness is the main cause of being scammed either in banking system or with bitcoin. However,  to your post of which is safer between bitcoin and banking system. I wil said with bitcoin you are more safer and less prone to scam if you are careful in your dealings. Bitcoin gives you the opportunity to do your transactions without involving an external control or monetary policy as we have in banking system. Also, nobody can monitor your source of funds with bitcoin unlike banking system and you can't be charged unnecessarily when conducting transactions with bitcoin as it applies in banking system.

let's say it that the bitcoin is safer than the banking. but it is depend on your set up password if it is strong or not. we know thay the bitcoin have many benefit so many people attract in this thing. but also many people have trauma because the experience they've encounter. but the banking is 90% of security but they put interest on your money for keeping it.

Hm. I think it's a same, we must be careful if want safe bitcoin or money in the banking. But bitcoin had a blockchain, it's very impossible if want a hacked ;D

To date, I do not think that keeping my investments in bitcoins is safer than in a bank. Just because of the fact that Bitcoin is not the safest currency, many investors are afraid to invest in the cryptocurrency.

yes! it is because no one holds or controlls bitcoin , therfor no one will close it . not unlike to banks that they are controlled by people which means there is always a risk that a bank will shut down if the owner decides to pull of a scam but the posibility is only low because almost all banks are still up and running for almost a century . the only difference is that the money you put in bitcoin can always fluctuate from time to time which results for you to earn or loose .  

in banks the money  that you put is fix but you can only earn a verry little incentives annually .

In my point of view. In banking your money there is a chances that you lost it because of identity theft, fraud and many more. We can not say that it is also safe to have a bitcoins because you can also lost and be hack inside the internet. Just like in banks there is also a pros and cons of storing bitcoin. There is also a lots of possible reasons to lost bitcoin.

I still thinks that banking is more safer than investing in Bitcoin because as we all know that price of bitcoin fluctuates every second

Bitcoin is for risk takers and go getters so we cannot compare it with the traditional banking system.

It's hard to say which is safer, because there are flaws and shortcomings everywhere. In both cases, security measures have been taken, but nothing is perfect.

Banking does provide us with much better security because Banking has a system that makes us secure, because Bank verification includes all very personal information. But what I want is that the creation of an application of Blockchain technology in the banking system. This will make the Bank have a much more sophisticated, centralized system and certainly has a very high security standard. Government support is also very important because it can make this system implemented in an economic system in a country.

I don't think so. Bitcoin price is volatile now. It is hard to predict on it. Banking is a safe method. Though interest rate is lower than bitcoin. If you have good luck then you can get so much money by bitcoin otherwise bank is safer than bitcoin by thinking all the site.      

I believe having Bitcoins stored in your wallets is safer than banking as long as you have all that is necessary to protect your wallets from hackers. You are quite sure that no one will just wake up one morning to make deductions from your account.

maybe yes if we look in terms of the security system that uses the blokchain system it will be very guaranteed from theft but what is doubtful if there is fraud there will be no party responsible because bitcoin cannot be controlled by the government or the monetary authority

i dont know about it, but when i see this i see that bitcoin is used the blockchain system that we know have the high security even they don't use the human resources, and we can see that in the bank, they use the traditional system that still use the human resources to maintenace it, so the blockchain have the good side and bank have the good side too

both are not safe for people who are not aware of the importance of their secret password.  If you keep your password secret then no one will be able to cheat you. 
So my suggestion is whether it is banking or bitcoin keep your secret passward secret only or else no one can save you from cheaters.

Banking is more safe as compared to bitcoin coz one can claim the lost money within the bank system even there are so many security switches in it. On thd flip side bitcoin is not safe as u can loose all ur credit if it got hacked and there is nothing to claim from.

I don't think so because bitcoin's risk is higher than any assets that you can have. It's volatility drove so many to invest on it last year when it rises drastically until it reached 20,000$ but is also the reason why so some people also hate it when their investment has decreased so much and even until now, the struggle of bitcoin continues.

I dont think so, Banking may not be efficient as what can produce when if we invest in Bitcoin, but we can say that Bankhhasis secure way better than how deals with the anomalies and fraud regarding money and we should not be forgetful about how Banking becomes one of the prior ways how people used to save money from their hardwork for investments or even savings.

For me yes, Bitcoin is safer than bank but I'm not saying that bank is not a good things keep our money to them. It is just more like that in Bitcoin savings there is a probability were your amount of money could become x3 up to x10 or more depending on the price value of bitcoin when it goes up rapidly. And banks are requiring many documents while in bitcoin is not.

if I read what you are talking about, there are more than 1,000 cases. Is there a clear news source from the data you sent? please attach. I think that means fraud or too many forms of crime. the broader the way of fraud, people are afraid to invest. if you see an incident (bank fraud), of course people will think it's safer and more convenient to choose bitcoin. for security reasons. so you can sleep with a calm mind at night.

I do not think so, agreeing that bitcoin can give us many opportunities to double or triple the amount of money we have but this life has two sides, good and bad, bitcoin is similar, it can help our money rise and it can also help our money to disappear. The market during this time is enough to prove what I say, many people have lost a lot of money and can not know exactly when things will return, so I can say that the bank is safer, although our money in it has no great growth but it is absolutely guaranteed and can not disappear absurdly

well, i think you need be careful in bitcoin, i know that there is a blockchain technology but banking is also safe.
i advice you to think twice. it's ok for me, the bitcoin is for hiding funds because you get instantly to any branches easily :D :D

In terms of in actual investment I think yes because when you making investment in banks you will face personally the important person that will do your transaction. In bitcoin no you cannot found even one person in face to face because all of us have our own mask in order to let our selves secure in every possible counterfeit.

Yes but not fully. But nowadays bank scams has been increased so its better to invest in bitcoin than banks.

As far as I can see, bitcoin can not be as safe as bank. However, if you invest in bitcoin, it may be more profitable than sending money to your bank.

I think Bitcoin is safer than a bank, because decentralization makes thieves difficult in carrying out their actions. But the chances of theft still exist, because in this world there is no system that is 100% safe, no matter how small the weakness is. For decades ahead people will get used to bitcoin.

I don't think Bitcoin is safer than banking, it is very high risk of crime. Bitcoin is not safer than banking, but Bitcoin is more modern and sophisticated than banking. Because everything related to money is very high risk, we ourselves must protect and protect our assets. whether it's stored in national banking or in our bitcoin wallet.

of course not, if you compare the value of bitcoin which is very vulnerable to change. this is not safer than banking. however, bitcoin offers more options such as anonymity and the benefits that can increase as much as the level of buyers gets more crowded. if you are interested further, you have to read a lot from various references about bitcoin and its technology.

No, because bitcoin is totally a virtual currency and also its market is highly volatile though the profit is big but it is not safer than banking.

Bitcoin is safe but as to votality of the price and if you are not that risk taker then bitcoin is really not for you as it has an uncontrollable market, but in bank your investment is safe but  will not give you a great price or return to your investment.

It is very safe if you store in a good wallet because your money / bitcoin is guaranteed security from various things such as burglary or fraud and is very profitable if you save your money to crypto because for many years the price of coins is increasingly expensive, without you doing anything and without pieces every month that you have to spend.
do not worry about digital world security all protection has been prepared and set up for various fraud and burglary modes.

None is more safer than the other.
Banking is risky so also bitcoin.
Bitcoin wallet can be hacked and banks can go bankrupt and fold up.

Safest way to save money is under our pillow  ;D. Well, if nothing safer between bitcoin and bank, at least both of risk that  you mention is from user, bitcoin can be hacked if user careless to keep their asset. And bank it is hard to get bankrupt if no big problem happen.

NO, bitcoin is not safer than banking because with the banks your funds are secured from any sort of volatility but in cryptocurrency it is under the full swing of volatility. Anyway i still prefer investing into bitcoin other than the banking system.

Both has their strengths  and weakness which proceed to their positive and negative,  I look at at bank as saving and short-term process while bitcoin is long term and investment  which will yield at the long run

in a way i  will say that BTC is safer than banking for some reasons though this is subject to my own opinion. the level of manipulations in the Banking world is enormous and cannot in any way enter into BTC. another fact is that the kind of fraud that is going on in the Banking world can not appear in BTC.

Bitcoin as well other cryptocurrencies were more secure than the banking system. Bitcoin being decentralized has made people have trust over banking than cryptocurrency which is completely backed by technology and it provides with an efficiency in functioning which cannot be obtained through any other means.

I don't agree with you. If the number of fraud happing in traditional banking system is let say for example 2 billion dollars, then the one happening in crypto is quadruple. If people thaf have been scammed in crypto related fraud can some out and speak, many people will run away from cryoto. I know someone that will never come back to crypto regardless of how much profit he could get because of the amount of money he has lot to cryptocurrency. So, crypto fraud is more than traditional bank fraud.

Of course the bank is safer than bitcoin, as we know that the price of bitcoin is like a roller coaster so when we invest in bitcoin the heart stops when the price drops more than 10%.

In investment, of course we must always be prepared with risk, bitcoin is a high-risk type of investment so we must always be wise in placing money in bitcoin, while banks are the safest investment because it is fully guaranteed by the government.

there are many factor that makes bitcoin is better than bank, or bank is better than bitcoin, some people said bitcoin is more secure than bank is because they use the blockchain system, but we will see in the bank that they have the team that manage the problems in banking system, if any problems (fail transaction, fail transfer, etc) there are people that will manage it, and of course bank is watch by the government, so bitcoin vs bank? who is better?

I don’t think so that this in any way has any relevancy to bank frauds. I think this is a perfect example of utter ignorance or foolishness on the part of human beings. I mean it is obviously a person’s fault if he falls prey to such scams. Criminals or scammers are present in almost every field be it banking or crypto industry. So it is important for us to be careful and attentive. Doesn’t matter whether your funds are in banks or crypto

In general putting yoir money in bank is far safer  than investing in bitcoin thoufh the interest is low the risk is also very slim sincecyour money is secured in bank unlike in bitcoin where volatility and risk is very high the only goodcthing in bitcoin is you may earn huge profit oncearket is bullish or you may also loss your money if market is bearish.

 of course。btc  its based on blockchain！

Bitcoin or cryptocurrency in general is not only safer but faster, more reliable than banking.just has how email is today instead of Post office.
I can just email someone to send me some cash and he/she gives me in Bitcoin within minutes.
That's something that can never happen with banks.the advice I will just give to hodlers of Bitcoin is to get a offline secure wallet.

I also think that way.Bitcoin is more safer than banking system because it gives us the full responsibility to manage our own accounts and if happen to being hacked or scam,i think it's already the owner's fault.Banks may have lot of strict security measures but still in the end,numerous frauds are still happening up to this days.

Bitcoin is unique in nature and safe to use it belongs to no one but you and you can buy almost anything for it but only need to store it on a cold wallet for security ! Bitcoin is better than any Bank but it will not replace them yet.

To me, I will never choose a bank when I have those two options. This is because looking at the bank the money can burn anytime and also there can be a robbery at the bank and moreover, they will give you a low percentage as compared to the bitcoin ecosystem.

I think Bitcoin and its wallets are safer to use than the banks. With Bitcoin, you are your own bank. You control everything by yourself without any restriction from someone.

Yes.
Bitcoin cannot be arrested, confiscated, taxed, inflated.

For me, yes bitcoin is safer than banking. Because when you get an income in bitcoin, there is no charge and no fees to pay, while in banking, your savings will be reduced every month and you need to pay something before you use their system. Bitcoin for me is a lot safer than banking.

In banking we know that all banks is safe a lot people all over the world trusting bank because it is a registered and have a licensed to operate in the country. In bitcoin not all country accepted this. So 50 percent safe because we know that the bitcoin price is volatile. But they have a tendency to double your investment in bitcoin.

Banking is well regulated and there is no anonymity. Therefore, the level of accountability required from the players in the banking industry is high which means that financial crimes can be prevented. Cryptocurrency is not regulated and it is anonymous. This makes it easy for criminal to carryout all manner of crimes. Banking is safer.

in my opinion, banks are safer to save money, but in terms of the benefits of investing in bitcoin it will be very profitable, but in terms of security the two are very good.

I believe bank is safer than bitcoin because the security system of banking is visible and also controllable but bitcoins security system is hard but invisible.

i totally agree with you. For me, bitcoin is worth trusting and safer than bank

I strongly disagree with this. No matter how secured we say Btc is, it cannot be too safe than banking. Have you considered the numerous hacking incidences. The least mistake you make to let your private key out, the end for you. We can even misplaced our private keys and I have seen several threads asking how to recover private keys.

Both are risky. But if I have to choose, I'll prefer in bitcoin because of no bankruptcy unlike in the banks. And besides, if you are saving money in the banks, the annual interest is too little and you can't even withdraw it right away if you need cash in emergency cases especially you are in a time deposit savings. And in terms of convenience, bitcoin is more convenient than the banks.

If you want to invest low profit but stable you can send money to the bank if you want to invest high profits then you should invest in the cryptocurency market.

Trusted someone is very important by knowing the person very well it's just the cases bitcoin and banking we trust each other but people use this to scam people the only way to avoid scammer is to research and base on my observation it's more safer with a good profit the bitcoin instead of bank

Well, maybe on safety, he concedes, but as for convenience and use, the bitcoin on the up, as currently all stroitsa it is on the left cryptowall, and on the cryptocurrency market.

Yes, one of the advantages of Bitcoin than Banking is that Bitcoin has stronger security, but even so it does not mean that Bitcoin has no risk, we must remain vigilant and carefully guard our bitcoin wallets.

Bitcoin is safe in terms of hackability and counterfeiting. What makes bitcoin less safe is that it is not regulated and widely traded in unregulated exchanges that makes its price volatile.

Bank is still save and btc is also, only that both have their own back side to but bank should take charge of your funds and will pay for any thing within there hand ,only if the fault is from you and btc also can be cool if save and if otherwise then you bear the lost, btc only have advantage of growing while your bank account only remain the balance you put or might even reduce with some charges and save if your details are not compromise .

But there remains a lot of fraudulent activities within the banking sector. It is among the reasons why each country submits to AMLA since the possibility of Money Laundering has not been squashed til date.

Though true, the banking sector has proven over time that they remain to be the safest form of transacting with security checks in place. There still lies plot holes that are taken advantage of for criminal activities just as much as many thinks bitcoin is largely used for the same offending activity.

So i guess in this regard, the safety against criminal activities remain to be nearly the same between banks and bitcoin.

I think  investing in money or investing in bitcoin or altcoin market are equally good we can invest at the bank and into the altcoin or bitcoin

As far as I know, bitcoin is safer that the bank because they profile in bitcoin is anonymous or did not show your identity but there are some disadvantages like many of users used their wrong identity or anonymously identity to strive with fellow human beings and thereby tread those who are under it. (those who are not familiar with this field). And beside for that bank is safe also but they have many cases of bank that can hack by the hackers or programmers. For clearly state, two of them(bitcoin and bank) is safe.

Everywhere there are risks that can lead to collapse, but if you do not take any risks in your life, there will not be anything.

Both have their own specific features. Each one has their benefits and securites. Banking system is so opt to fiats, blockchain technology is so opt for crypto currencies. The invention of crypto is mainly to eradicate banking system and to reduce energy in going out to banks for crypto currencies. Lets not inter link banks into crypto currencies. I would better choose crypto currencies and wallets rather than fiats and banks down the line. I find wallets, exchanges, transaction with blockchain protection are much better than banking systems.

Well at least with Bitcoin you can't have your credit or debit card stolen and bills racked up in your name. But that is a completely different story entirely because Bitcoin doesn't offer credit or credit-backed services (fake money). However, right now I would say that there is a greater risk of your Bitcoins being hacked from you than your bank account, but it's still early days yet, the tech needs to mature with more robust security measure placed on the client side.

No we cannot say this today but I think we can say that definitely with full trust in future as it's been ( Bitcoin ) under development to cope up with the younger generation altcoin . So there are some few years still left for us to say that bitcoin is safer than banking.

Yes, I think it's safer! Bitcoin can be safer than banks, especially for high-volume investments. Moreover, no matter how much money you have, the transaction fee is fixed. In the future, the spread of bitcoin will increase as it is converted into money or used as a means of payment.

Investment in bitcoin is more unpredictable but in turn more profitable if everything is correctly calculated and buy bitcoin at a favorable price ! In the Bank interest rates of course it is cheaper and they have a lot of fraud schemes as they can deceive you and even about it do not know !

I think bitcoin is safest than banking and there a a lot of reasons behind this among them I think the best one is bitcoin is run on blockchain.

Bitcoin is safer than banking because day by day bankruptcy are very frequent in every country and robbery also but there is no chances of all this in butcoin.

Definitely Bitcoin is much safer than the banking processes. However, nowadays there is no such thing as 100% safety with regards to the assets of an individual. Thus, we cannot avoid criminality even in a virtual world or in the real world. One thing for us to increase safety is about knowledge which a person should know how transaction and procedures are done in a particular institution. To assure the protection is to acquire learnings about the risk.

Despite the huge statistics of bank fraud mention in the post conventional bank is still safe more than bitcoin wallets to the clients or customers. This is true because every deposit is covered by deposit insurance against any loss or theft. The bottom line is that customers are always paid back their money that is already with the banks if it is stolen or the bank closed down. But incase of Bitcoin there is no such insurance covering. If you lose your wallet it is gone with the fund inside it.

Yes, It is safer than bank, as It has no physical existence at all and It is totally decentralized and It is very difficult to trace the transaction even hacker,s face many difficulties while tracing.

I think, that in our time there is no at all nothing a safe)But between
 Bank and bitcoin, I choose bitcoin.Here at least the annual income is higher.I put the money in the Bank and on the exchange.The exchange has brought in contrast to the Bank a good income.Even though the course is racing.In the future, there will be a serious struggle between these areas.Banks are obsolete.We live in the digital age,so I think bitcoin is the future.

If one can't thoroughly read a contract this means he is not competent enough to make ANY kind of a deal.
I would call such an individual a mentally retarded one if I wasn't aware of the persuading power of bank officials.
What I mean, banking is definitely not safer than dealing with crypto - in the latter case you can even more easily be scammed or hacked or whatever.

Bitcoin can be safer than banking when bitcoin users have a lot of knowledge about how to secure their bitcoin. If they do not know how then it can be ascertained that he/she will lose his bitcoin at a time.

I think in a sense, yes because the chances for a bank to go into bankruptcy is way lower than the chance of Bitcoin fluctuation causing money loss. At the same time, banks have very low interest rates compared to the amount crypto investment could generate.

bitcoin is in no way safer, in fact, no financial structure is safe, everything is a risk. bitcoin seems to be more profitable.

in all cases, bitcoin is safer than banks, for those that really knows what they are doing.

maybe in my opinion it's a good idea to save some of the money to bitcoin or invest in the crypto world, because the crypto world can make big money fields ;D

Yes, becouse its based on blockchain. Banks can be off at any moment, but millions of other peoples - cant.

It is becoming regulated on a lot of countries, and the centralization from some coins is already happening, so i would really doubt that it will be a non-decentralized currency in a near future (if it ever gets no regulated) so lets wait to see what happens.

You can either be scammed by a crypto-related project swearing that all your money will be safe. They all say that if you invest in their mining equipment or their social media tokens you will get an ROI up to %5000 in half of a year. But that's not true - and many such projects have proved to be a scam.

Bitcoin can not be arrested, confiscated, taxed, inflated.
Bitcoin definitely more safe than banking.

In my opinion of course bitcoin is safer than bank, because we knowif we save money in bank, bank can still it, and there are many things like that, also our money is reduce and fiat will inflation, but if save money in bitcoin. no one can stell it, Also bitcoin prices always increase, no inflation and will give benefits in future. Bitcoin is future money

Although I like Bitcoin and cryptocurrency. But I still feel keeping money in the bank is safer. No much hacking at least.

Yes, it's true that bitcoin is safer than banks, for example, I want to send money to another country, with bitcoin only takes 5-10 minutes and when sending through the bank many processes must be completed and take days and the security is very bad.

Maybe for some reasons, bitcoin is safer. Take an example, if we decide to keep our money stored in banks with a third party, then there will always be a chance that our account gets levied. What this means is that governments will implement bail-in-policies which prop failing banks to go after bond holders. This is never going to happen with Bitcoin accounts since no is allowed to touch our money.

When it comes to the safety, both hve risk. There are points that it is safer when our money is in bank because bank is allowed all over the world while bitcoin is just starting to be legalized worldwide. On the other hand, bitcoin is safe too because there’s no third party involved.

I don't think so on the grounds that bitcoin's hazard is higher than any advantages that you can have. It's unpredictability drove such a significant number of to contribute on it a year ago when it rises definitely until the point when it achieved 20,000$ but on the other hand is the motivation behind why so a few people likewise loathe it when their venture has diminished so much and even as of recently, the battle of bitcoin proceeds.

Couldn't have said it any better. The traditional banking system is controlled/manipulated by people. Meaning, these people can do whatever they want with any account in their records. I always say that the people behind these banks are silent thieves because they use other people's money to gain so much! They are wolves in sheep's clothes! But apparently, people are still drawn into the banking system due to minimal options. This is where decentralised currencies come in. The beauty of being able to have full control of your own money without the intervention of banks or governments. But of course, risks will always be present. It's up to us to minimize those risks.

I think what the OP asked has answered by mocacinno correctly because this is a fact. Bitcoin and other cryptocurrencies pure without being regulated by a third party or the authority that interferes. In its use, we don't need to worry because bitcoin's very safe compared to fiat.


Whatever action we do, basically there's a risk of each, and we cannot avoid it just like that.


Of course throughout the world, because banks are always supervised by authorities, which can also function as financial relations between countries. But make no mistake, bitcoin's also the same it can be accepted by users all over the world in peer to peer.

yes your right it is still depends on us, where to invest, but i think the bank is more safer than the digital currencies, even though the increase or the interest in the banks are slow, admit it, it is safer, digital currencies are risky because there are a lot of scammer, we do not know they are, so we can be a victim anytime, we do not expect.

The bank is secure because there are peoples who control it in centralized system database, it is different with bitcoin.
Bitcoin has decentralized system, the one who must protect the wallet is the holders of the wallet itself.

Bitcoins are not as safe as in a bank. I think investing in Bitcoin is risky because the manipulation in the Crypto market is strong. So if you do not understand the Crypto market, you should not invest in Bitcoin. You should send in the bank to be safe.

Bitcoin through the blockchain technology is much safer than the traditional banking system since there is easy access to your savings, no hidden charges and there is absolute control over all your funds unlike the traditional  banking system..

At the moment, no it is not. There is a serious work to be done technologically and in other areas like security and regulations that should harmonise and bring to conformity all the crypto dealing platforms so as to increase trust and strengthen beliefs and argument for the bitcoin and crypto in general. For now the banking system is relatively safer than the bitcoin.

For me yes because Bitcoin is really decentralized, Bitcoin is one of the best where to store our money, BItcoin is the best payment over the internet, you just need your personal Bitcoin wallet, you don't need anymore go to bank to send money to everyone, that is the power of decentralization.

Most of the cases bitcoin is a lot better and more secure than the banks If you are about to engage in any contract please be cautious and seek for a legal advice.

In some ways, yes, BTC is a lot safer than banking. However, these two phenomena have their own both pros and cons. Here's my non-exhaustive list just to show what I mean:

BTC:

pros
✓anonymous
✓low transaction fees
✓no fees for storing
✓nontaxable

cons
✓volatile
✓vulnerable to hacker attacks
✓unregulated
✓not accepted as a legal tender
✓heavily dependent on Internet access availability (always)

Banking:

pros
✓regulated
✓fiat is accepted as a legal tender
✓fiat is available even where there's no Internet access at all
✓fiat is far more stable

cons
✓commissions and fees a lot higher as compared to BTC
✓(often depending on a country)
✓vulnerable to hacker attacks (online e-banking accounts)
✓heavily dependent on Internet access availability (only for card or e-banking accounts)

bitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers, technically bitcoin is more secure than banking where you can control all your fund.

There are several different types of security. If discussing about financial transactions guaranteed by the government, banking has a much better thing. But when we discuss about a matter related to the personal information we have, bitcoin is very superior. The implementation of the financial system on bitcoin will also allow us to make transactions whenever and wherever we are.

for now the  answer is a big no because the cryptocurrency industry is subjected to so much manipulation and that one has caused the industry so much.Even SEC has sited some of these concerns as a reason for rejecting the btc ETF proposal.The manipulation of the market  by certain unseen forces makes it riskier than any other industry now.The cryptocurrency industry is not yet safer than banks .we may get there one day but we are not there yet.

In my opinion, I think the Bank is safer than Bitcoin. Since the Bank has a stable interest rate and a partnership with the state, the state can help if it goes bankrupt. As for Bitcoin is up and down uncertain, it is difficult to predict its value. If anyone has the idle money to venture to get rich, then invest in Bitcoin, also want to receive money every month should send the Bank.

I believe that with the volatility being one of the major attributes of bitcoin, i can say that bitcoin is more risky than bank. It's risky as its market price may fall down so hard so as your investment too. Your digital wallet can also be a target to cyber criminals and once you fall from their trap, it's already over.

Well, I will not say, in our time, all the atki Bank is more stable and stronger, well, everything is already provided and security is above all in this case, and with bitcoin you can still cheat and catch inattention.

The practice shows that having btc in one's wallet can also be rather unsafe, especially when one has only a slightest notion of what cybersecurity is.
Though yes, if talking about cryptocurrencies one is fully responsible for his funds, and this brings a greater confidence if comparing the same financial activities in banks.

To be honest, the global cryptocurrency market is still in its infancy. However, the growth rate is extraordinary and I understand why you are interested in getting involved. To briefly answer your first question, yes, Bitcoin is safer than the world banking system over time.

However, that does not mean it is safer to only have bitcoin or cryptocurrency because the market is unpredictable. Therefore, if you decide to invest in Bitcoin then you need to pay attention to every major event that can affect the value of Bitcoin.

saving money or investing in crypto is more profitable than saving money in a bank. I have long invested in crypto currencies and until now my bitcoin wallet has never been stolen. if you want to store bitcoin and altcoin I recommend storing in a wallet that is often used by people or wallets that are already known in the crypto world.

It depends, in terms of transactions and moving large some of money then bitcoin is safer. Building your money while its been saved, bitcoin is safer... saving your money and not expecting much in return, than you can try bank! ;D

Banking would still be safer than bitcoin because of its high security compared to bitcoin wherein bitcoin exchanges, bitcoin wallet, other digital storage that can be hacked. If ever banks been robbed, insurance policy comes in. While you can not retrieved any stolen bitcoin.

When talking about security, of course I see that banks are safer because they are recognized and protected by the state, while bitcoin is not. But if you talk about the benefits, of course, bitcoin is more profitable than banks.

I think yes bitcoin is safer and better than banking because of these reasons:
1. YOU DON’T NEED PERMISSION TO USE IT
2. THERE ARE NO SPENDING LIMITS
3. QUICK INTERNATIONAL SETTLEMENT (NOT POSSIBLE IN BANKING)
4. ALL TIME (24/7) ACCESS
5. YOUR ACCOUNT CANNOT BE LEVIED
6. LOWER TTANSACTION FEES

Of course, bitcoin is safer, as long as no one knows the key to your wallet. This is the only thing you should always remember and take care of it. Having bitcoins you are their sole proprietor but we can't said the same about banks who use your money until you don't need them. And only you are responsible for all operations with bitcoins but not the bank employee.

Bitcoin is certainly much safer if the Bank is a decentralized blockchain system . You can freely track all transactions. However, the security system in the crypto world is also worth thinking about. To date, I and all my friends do not want to keep their savings in the Bank, this is a forced measure. We are waiting for the legalization of cryptocurrency .

Well I think it is much more safer specially if you are keeping your Bitcoin in an offline wallet,
For me Bitcoin is much more safer if you just want to keep your money secured.

I think there are different sides of this questions. BTC is faster and uses no third-party transactions. Moreover it is decentralized. But state banks can guarantee the safety for customers.

To be honest, I trust bitcoin more than the banks I do not see them in the future and I believe that the banking system is outdated and slowly dying !

Certainly bitcoin is more profitable than banking, regarding security issues, I think it depends on how we can keep from avoiding crime and fraud which can harm us either through bitcoin or banking. Both bitcoin and banking both have their own advantages,and both of them are quite safe as long as we can maintain the assets we have both bitcoin and banking.

I suspect that privacy (decentralization - where no control is on the one hand) in the BTC world has great value
Where no one can identify your accounts or rob them
In banks, it is possible to steal your accounts easily.

I think Bitcoin and the bank system are both the same in terms security because  some of those who are fraud are definitely those that don't avoid the necessary human error. Nevertheless, if we're talk about investment bitcoin is more safer than banking.

Security is the main key to every field to save your money. Otherwise you lost your all money. Yes banking system is still continue fraud. I think bitcoin is more secure for banking system. When we use bitcoin no need to go third party i you only controller of your wallet, border less transaction. To safe must keep your private key and password safe place.

That's right, Bitcoin is only profitable for people if they have a strategy to buy when prices go down and sell at high prices and this is far different from a safer bank even if you have to spend your money to pay taxes.

As someone mentioned earlier in the threads, timeshare might not be a good example here.
There are Pros and Cons of both traditional banking and Bitcoin sides.
You have to safely store your private key to make sure it is not stolen, lost.
There are technical and practical difficulties in order to safely store your private key.
and if something bad happened to the Bitcoin owner, others (i.e. family members) may be not able to retrieve the Bitcoin without the private key.

I believe bitcoin is safer than banking. When you put your bitcoin in a safe wallet , the amount of it after a year is still the same and less chances of getting hack. While if you put your money in the bank , in one year time , your money is no longer the same because of the fees and inflation rate.

I believe its not because of virtually operational meaning we have no physical assurances and this is the risk you might take here in cryptocurrency community if you wanted to gain much bigger than any banks in the world might offer

Imagine the volatility of bitcoin and the decentralization can bring you enough income if become lucky and knowledgeable towards crypto,if you will use your skills and brain since the willingness and perseverance is needed for the cryptonians to gain huge amount in future.

BUt if you will only enter this community just to get a quick bucks thn i must tell you this is not the place for that,and failure will only brings you because this needs to learn and earn

Bitcoin is a safe because when you hack the system we need all computer to hack that. It is bitcoin safer than banking. a wallet that is often used by people or wallets that are already known in the crypto world.

No, no one is responsible about your bitcoin except you. But bank will take that responsibility of your bitcoin, if bank is robbed then you still can get your money but if your bitcoin wallet is hacked then your bitcoin will loss forever.

I would go with Bitcoin any day, Bitcoin is decentralized and evrythinany banig is visible on ledger and it's fast and it's eco-friendly. Security is on par with any banking system. Bitcoin forever and it  will eventually bring down fiat.

For me, bitcoin is good at helping people but I still doubt it because in investing in bitcoin there is still a chance that you will get scammed because it is digital, in banks there are a lot of safe and secure banks right now because they are popular and many people used to it, I still go on banks rather than bitcoin, maybe I will into bitcoin if there is a news that it is safest and authorized from secure company.

It is becoming regulated on a lot of countries, and the centralisation from some coins is already happening, so i would really doubt that it will be a non-decentralized currency in a near future (if it ever gets no regulated) so lets wait to see what happens.

The safety of your ownings depends on your carefulness in handling it. You should always review contracts in every detail of it before accepting.

Either way, going bitcoin or banking, safety relies on your own responsibility and on the actions you're making involving your money. The only difference is that banks also have the responsibility when something goes wrong that is not your fault. You'll get assurance that you'll still have your money, while in bitcoin, the blockchain protects your money and cannot be hacked. However, online attacks are there and once you fall for these tricks, you're savings will be gone, but that's your fault and no one is responsible to back you up for the loss.

for wallet security issues I can guarantee that it is safer to store in a wallet than to store in a bank because there are many risks like scamming that you can get from the bank itself or from someone else who stole your ATM pin. but for other risks it will be more securely save on fiat or bank because bitcoin is volatile

Yes, It is I believe bitcoin is safer than banking because Bitcoin is valid, believe and safe digital money in the world

Fraud is a human mistake, not a banks. To be honest, banks is safer if when it comes to security and such. They won't give your money to others so easily so you won't have to worry. Cryptocurrency on the other hand when you invest, you are depending on the price. So bank is safer.

Bitcoin for me is much safer in terms of security, privacy and control due to encryption and decentralization thought it also has risks but are less likely to happen if we are aware of what we are doing online. Bitcoin is best for investment purposes or as a payment system unlike banking our fiat funds that is controlled by the government that is always watching over every activity we have made in our funds which is kinda tresspass our privacy and they also deduct taxes on every transactions.

I am agree with you. In my opinion use of Bitcoin is more convenient than the bank and it is safe. A newcomer can use bitcoin easily. To using Bitcoin is also more accessible than banking.

Bitcoin will become a global payment system one day. And I'm very sure of that. If everyone already has knowledge about bitcoin, then bitcoin will grow as a payment system. Bitcoin will be increasingly preferred because bitcoin offers easy transactions.

in my opinion, everyone must find more information when getting an attractive offer, such as a vacation or a profitable investment potential.
We have to find out more in what company or service offers it, and we have to see whether it is trustworthy or just nonsense, do an information search that can convince you not to believe easily just because you get a big gift or dream.
If you want to save the money you have on bitcoin you must also pay attention to market behavior before making a purchase and you must keep your wallet key privately and take care of it seriously.

Some people like to invest in the digital market, but some people prefer to invest in the bank, but if the investment in the bank we will receive low profits but are safe.

in my opinion, bitcoin will remain safe while we store it well, don't easily trust bogus investments because to be rich, one way is to trade, you don't need to invest your bitcoin into an investment site because in my experience every investment website will definitely be a scam

in my opinion the lack of a system in a bank can be closed with an excess of crypto currency security issues as you mentioned and we also know crypto currencies use technological advances in their use

for me it depends on where you believe in bitcoin or banking because for me it is better if you bitcoin because bitcoin does not lose your money when you have a deposit account like coinsph pwedi can invest there anytime You want, unlike banks that will not raise your money when you hide it there is a possibility that your money will be lost.

It depends.  If you deposit in a bank and the bank gets hack, the bank will pay you.

But if your bitcoin is hacked, no one will pity you.

Bitcoin is a way better investment than anything in this planet but you need to have lots of patience.

actually bitcoin is not safer than bitcoin, but bitcoin only offers big profits and so many people choose bitcoin, but ultimately banking will be the best place to be used as storage.

I dont think so, in my owd idea, i think that bank investment is safer than bitcoin, since there are so many hackers and trying to hack accounts. Bitcoin is safe for as long as you will keep secured your private key, and should not log in on any phising sites to avoid scammed.

I think, banks will be safer than bitcoin because they have a smaller risk, and if you feel harmed by the bank then it is your own fault that you cannot choose a good bank and are too confident with the program from the bank without asking more clearly, the bank trusted will not deceive its customers, but for investment and profit I prefer in bitcoin

In my opinion there are many differences, between Bitcoin and banks having many rules and balances that we have that they can know, but Bitcoin has a lot of sophistication and assets that we don't know about. But Bitcoin has no such insurance. If our wallet is lost with funds in it.

I think, banks will be more secure than bitcoin in light of the fact that they have a littler hazard, Fiat works through partial hold managing an account which implies that not every person can get to their cash in the meantime, banks need to restrain buys and withdrawals with day by day spending limits. Be that as it may, Bitcoin doesn't have any spending limits which implies you can send as much cash as you require.

Both of them are safe as long as you store in a trusted place such as storing bitcoin in a trusted wallet and money in a trusted bank. Both will not be safe if you are negligent in keeping your assets especially not paying attention to the security of the bitcoin wallet or bank that you are using.

No one can make a bank statement or Bitcoin any safer. Only true investors can make scientific comments.

I still believe that banking is safer than Bitcoin. But if one knows how to take risks, the ROI of Bitcoin is much better than banking.

I don't think so, even bitcoin certainly has a higher risk compared to banks. you can see when the price is unstable. when you have bitcoin at a high price and there is a dump, the risk of bitcoin will be felt.

Bitcoin is not safer than banking because we cant compared banking which is a regulatory institution and supported by the government to that of cryptocurrency which is risk and also not approved by the government.

all have a level of security on two sides. namely security from outside and from inside. external security is like a bank that has security in its system, and security from within is itself in storing passwords, pins, private keys. Banks may not be safe, because they are centralized. all rules and changes can be made by the bank. but bitcoin has full control on people who have bitcoin. safe or not it is in yourself. so in my opinion Bitcoin is safer than banks.

Even though some frauds have been reported in the banking sector, but you will agree with me that the cryptocurrency space is a lot more susceptible to fraud considering the fact that virtually all the fraud type you mentioned here also takes place in bitcoin and even more. Moreover, if you mistakenly sent your bitcoin to a wrong address, it is impossible to recover it, but with the banks, such money could be recovered, this makes bitcoin less safer, this is not to even mention the less acceptance bitcoin has over fiat currency.

In banks, you can provide insurance against fraud, and investing in bitcoin will not give you any guarantees of security and in case your coins are stolen, no one can return them. The security of your bitcoins depends only on you.

Investors wonder whether investing in bitcoin is safer than investing in a bank. If you want to get high profits then you come to invest bitcoin and altcoin

YES, I think Bitcoin is safer than banking.

If you want a sure place to just "save" your money, go with a bank. But keep in mind that there are fees and inflation. Basically, your money does not only sleep in the bank but is consumed by costs and inflation. Your money can't beat the inflation rate and a few years from now the value will depreciate.

However, Bitcoin is seen as a good investment. In the previous year, Bitcoin outperformed various asset classes such as gold, stocks, bonds etc. Bitcoin is the best currency in 2016, where most currencies lose their value due to inflation, hyperinflation, political instability, and economic policies.

I think, safe or not depending on your own whether you can maintain private keys properly, banks and bitcoins have their own disadvantages and advantages, so you should be able to decide wisely

Your money is 100% for 3 parts:

50% FIAT
30% Bitcoin
20% Altcoins

FIAT can still be claimed at the Bank when you get into trouble but with cryptocurrency you cannot claim.
The high level of fluctuation of the cryptocurrency is better if you use 30% of your money.

I think yes, but in the case that you have lost your money the answer is Bank safer. Because if you have enough proof you can find your money, but Bitcoin can not.

Bitcoin is beter then bank. So bitcoin price will be go down. But next time it will be increase the price. So people believe the bitcoin. Bitcoin is easy to get more profit. Bank is not good for the people future saving. It affects the all country people saving. Bank is increase the serves charge. So bank is not good for the saving. Bitcoin is bets for the future saving.

Whether bitcoin is safer than banks it shouldn't be an issue. Sometimes the problem lies and starts from the owner itself. Like in the bank, if there are email updates from alike email of the bank they are using, they would follow the instructions.

Because they are lack of knowledge on what phishing links are and the strict compliance from the bank itself, they are following the instructions without checking if the links provided and forms are phishing.

The same goes for bitcoin, there are existing phishing that's happening. What I'm saying, people should be knowledgeable first whether its bitcoin or with the banks so we can avoid such like online robbery.

But as a bitcoin user, I find it safer and easier to handle. I'm using bank as well and I have no issues with it. Proper handling, proper updating and being aware of vulnerabilities would help as user.

Well...I don't think bitcoin is safer than banking right now. Because the anonymity of bitcoin transactions is what is detriment on its transparency.  Let's bitcoin go anonymous then it might then supersede banking butwill kill bitcoin I must say.

It’s a fraud where people don't read carefully and find information about is it fraud or not because of these people will be easily deceived. It’s better to choose both storing in a bank or crypto wallet because it will be easier to withdraw your money in various situations.

At the moment, I still trust investments in bitcoin, as I had a negative experience of storing my money and jewelry in the Bank. And with bitcoin I still have no problems.

Just in the banking business is much more developed fraud, as this system exists for a long time. And bitcoin is a relatively new technology, and maybe hackers just do not know how to get to it. But I think that it is unlikely they will succeed. Although the risk is also there.

I believe in bitcoin more because I have heard a lot of negative stories about Bank storage and have not heard of any fraud with bitcoin technology. That's why I trust him.

bitcoin is a risky type of investment.Bitcoin is more secure than the banking system because it gives us full responsibility for managing our own accounts

I think bitcoin and bank have their own security. Bitcoin has strong advantages in security but it also has many holes.

Banking is all around directed and there is no namelessness. Along these lines, the level of responsibility required from the players in the banking industry is high which implies that monetary violations can be avoided. Digital money isn't controlled and it is mysterious. This makes it simple for criminal to carryout all way of violations. Keeping money is more secure.

In terms of financial security and right management, I go for banking. If you will have savings through banking, assure that you can hold your money whenever you decide to withdraw it. However, if you want a real investment and profitable source of income, I will say that bitcoin is much better than banking. But, there are always risk when you put your money in bitcoin so if I were you, I will study the complexity of BTC.

Actualy my opinion of this are mixed maybe i can say thats  crypto is safer in  banking  and maybe i can say are not,because first banking are more stabilize than crypto in terms of monetary fund and its would been regulated and legalized by the worlds government ,even there is fraud its been contolled,otherwise i could say thats crypto is more secured in banks because you are the one who hold your capital or your wallet on your own,so this means that your capable the security of your own resources.

honestly it is safer if we save at a bank, compared to we save bitcoin, because the price of bitcoin itself is still unstable, nothing guarantees the certainty of the price. Whereas if we save in our bank, the government will guarantee it

Yes, I think also that having your money in your own wallet is much safer than letting others holding it. You feel more secure. If you save or invest in a bank, there are tendency of improper handling of your money that is why some banks filed bankruptcy.

Bitcoin safety is not 100% guarantee although  new project on the crypto world are springing up every day to address the security and the safety of bitcoin and other cryptocurrency but none have been proven worthy by the mainstream . until there is drastic measure and lasting solutions to bitcoin holder , banking is still safer because banks are operating under insurance .

Fraud will continue to exist within an financial firm or anywhere money can be generated. There some been several cases of Banks in my country operating without the permissions of the central bank of my country. Some run losses and collapse leaving its investors in Limbo.
Looking at this, I vouch for Bitcoin as users are their own security and controllers of their wallets and transactions.

Actually, in my opinion, both banks and bitcoins are the same as risk, depending on our own security. Because you have never been hacked by bitcoin hackers, if that happens to you, then surely you will say bitcoin is like a bank that has a big risk. .

Yes, Bitcoin has advantages over banking. and this is one of the advantages of Bitcoin. but even so we still have to be careful with Digital assets that we store in our wallets, nowadays there are many criminals trying to hack bitcoin wallets and other crypto wallets. because this Cryptocurrency is an opportunity to get a very lucrative profit.

Bitcoin is safer than the banking system. With bitcoin, you are in charge of every transaction you make. Transaction fee associated with bitcoin is also far less than that of banks transaction charges. Bitcoin also operates on a decentralized system making it easier to use

if for security maybe banking is safer than bitcoin because if your assets are lost it might be able to be restored and being for bitcoin security might still be said to be not as good as banking because if bitcoin is stolen we will not be able to return it, but if we want to find results from investment, we choose bitcoin instead of banking

Public Blockchain has high security because network nodes have been created globally, and consensus is carried out by millions of nodes from around the world. Whereas the Personal Blockchain only has very limited nodes, and this allows hacking.

it's up to you if you have confidence in the BTC and other crypto currencies here. Doing these things we should decide ourselves if you need to rely on others that you do not really know that you are safe or not. we should not only believe in the bad news you are reading, and we need to believe in ourselves and just have to trust the power of digital money in our world.

If safe mean hard to steal, i am believe bitcoin is much safer that we keep money in banks. But if that mean for the value, i am believe bitcoin price always volatile and always have high fluctuation. I do believe keeping bitcoin much more safe than keep paper money because fiat purchasing power always decreasing

I think bitcoin and banks are different. Now that banks are safer than bitcoin, banks have a smaller risk of losing than we store assets in bitcoin.
But it's back to you.

I think the Bank is safer than Bitcoin. Bitcoin is constantly changing and is subject to whale manipulation every day. Depositing money into the bank you will get daily interest and be safe....

For me, Bitcoin is safer than a bank but I'm not saying that banks are not a good thing to save our money to them. It's just that more like that in Bitcoin savings there is a possibility that your amount of money can be x3 to x10 or more depending on the value of the bitcoin price when rising quickly. And banks need a lot of documents while not in bitcoin.

Bitcoin and bank both are safe but I personally think bitcoin is safer than bank because we can not control banking system but here we can make the security harder.

Correct, This two kinds of method of storing money have both upsides and downsides and these two also has their risks. If banks get bankrupt the person that stores a huge amount of money in this method will surely lose his/her money and only get a small amount of collateral and that's pretty much frustrating.
Literally, we cannot store money on crypto currencies because of its volatile nature (except Tether) and its correct term is investing/investment. Crypto currency investment is for "HIGH" risk takers and banking is for "LOW" risk takers and this two are so different and I don't know why a lot of people are comparing this two as the same lol. ;D

I think so. Though keeping in bitcoin gives high profit than banks, it has small risk when you used bank to keep your assets. It is depend on you where you are going to keep your assets  because bitcoin is very volatile. You van make sure the security of the banks but the security of your online accounts rely on your hands for you to keep safe the asset you have in bitcoin.

No bitcoin is not safer than banking because the whole banking system runs through hard security on the other hand bitcoin run through virtual security.

Both banks and crypto has own risk

Banks is safer because this has physical money so even if theres lot of fraud happening and has low payback on interest still physically safer

Since cryptocurrency or bitcoin is giving opportunity to bring big amount of profit,the income is unbelievable but same as the risk of losing,and the virtuality whos making many people hesitant of investing because of none physical promises but instead purely internet connected money,

Yes according to me bitcoin is safer than banking because there are no sort of frauds in case of bitcoin. No doubt banking is in practice since very long but still there are many frauds and dishonesty torts in this field. Bitcoin is more safe as person is his own head but this is not so in the case of banking. It comes under the reguation of government or any third person which causes more issues.

For my own opinion, I think that both of them are safe. The matter is, it is how you choose wether you deposit or invest your money in bitcoin or in bank. Loyalty is the key of what you want to use. Sometimes you are comfortable in either bitcoin or in bank, so it's your choice!.

Hm!No because bank is safer than bitcoin because bank have a best security and then it not just easy to scam or ban it because bank have a many security.

I think banks are more safe than bitcoin because banks are controlled by government which usually used everything just to secure money. But just like bitcoin we can experience loss in banks too. Banks and bitcoin has own risk and it depends on us if we want to take it.

Not at all, keeping in mind all the frauds we experience, the sometimes difficult to understand rules of crypto market and the fluctuations in the price value of a Bitcoin, It is definitely riskier than any amount of  investment or money in the Bank. Though Bitcoin is more convenient to hold or make any investment but banks are hands down the safest.   

Maybe so, the Bank eventually became the basis of the economy in the country, and change the view that the Bank is not safer than bitcoin will be difficult, you need to increase the security of just the same bitcoin.

We are talking about two different eco systems here so it is hard to compare. I have had my wallet hackd with Bitcoin and have had funds stolen from other crypto wallets also but so far I ahve never had my bank account raided in all my life. So I would say banks, at least the bigger regular banks are safer. What I do like about Bitcoin is though that it is hard to take down, but a bank can go down if it is riddled with bad debt. So on a small scale the bank is safer, on a larger scale I think Bitcoin as an entity itself is safer than some of the corrupt banks selling dodgy derivative products from Wall ST to the general public and to institutions.

safer in what category is meant if security in the sense of counterfeiting my currency feels cryptocurrencies are much safer but for the problem of losing what we have security cryptocurrencies are very weak

I think bank is more safe,  any kinds of fraud my appears stilll you can get back your money 100%, because is there name  legality. In other words the reputation of their name.  Although bitcoins gives an an opportunities  to earn as much as big profit but you have think twice, coz' there so many scam schemes using bitcoin name to take your money.

Bitcoin (and many other cryptos) are better than fiat (a.k.a. normal) currency because they cannot be created out of nothing. Well… at least not in the way fiat currency can by means of a (central) bank buying bonds, creating loans or applying quantitative easing. This almost limitless currency creation is a mayor cause of inflation which renders the money that is earned by hard work eventually worthless. Cryptos (at least the most famous ones like BTC, BTH, ETH etc.) don't have that problem.

I think banking is more safe than bitcoin because it is legal here in our country. Actually bank is the most trusted here in my country because bitcoin treats illegal.

yes indeed what you say is quite true. indeed bitcoin is currently not safe enough than banking. because we can see that the banking is certainly protected by the state. so we can't take it for granted.

Do you think that investing in the cryptocurency market will not be as safe as investing in a bank? I think if you invested in a cryptocurrency market you would be more profitable.

Transfers with bitcoin even between countries average administrative costs close to zero. Obviously more profitable than banking transactions, the administrative costs of which are still expensive.

in my opinion, the personal security of cryptocurrency depends on each user. different from banks, all of our assets are left to the bank, including security...

 Short answer: No it isn’t. It isn’t even a currency so the comparison is pointless. See, the thing about currency is that they need to be printed indefinitely as economy grows. That alone invalidates Bitcoin usage as currency.
 BTC is an asset, a speculation, trade median, or whatever you call it, but it definitely is not a currency. Lots of people hype about using Bitcoin as payment. They praise anonymity, speed, transparency and all the yadda yadda they can think of. But Bitcoin is slow and simple cannot handle the volume of, say, VISA or Paypal. Another bunch of people criticize Bitcoin as a currency because of volatility, acceptance and cost to produce. Well, they are wrong as well. Just like how sculptures and paintings get assigned values, Bitcoin value is what people perceive it at, simple as that.
 So is Bitcoin better than normal currency? No. Is Bitcoin having a future? Yes

bitcoin is able to be more transparent in transactions and cut clearing time as happened to banks, banks are also not wrong because they only follow the provisions regarding the system of transactions between countries.

For security, banks are safer in this case because they can account for various transaction errors and account security, security in bitcoin is only determined by the user and this is dangerous for people who accidentally make mistakes.

Banking is to general term.
Deposits are usually protected by the state, so they are safe 100 %.
Other kind of investments are risky, the same as investing in btc.
Everything depends on your investment strategy, how much you can afford to risk based on your own finance.  

True, because if you know some of the process and info about bitcoin then you know that you can sure the safeness of bitcoin.  There are a lot of process about this world of crypto but if you understand then you can take a risk easily.

We know that the wallet can be hacked so we need to take a risk because we cannot get outcome when we do not take risk.

in my own oppinion i think having crypto currency is more safer than holding money in a bank account. My reasons
1: bitcoin or cryptocurrency are not subject to economic activities like inflation or deflation, when you hodl cryptocurrency, the idea is for it to double within the next few years but you cannot say such about the money in one's savings account that looses value during inflation.
2: a not completely exonorating risk factor from crypto currency, but the banking sector faces more risk of liquidation, and during liquidation, only preference share holders get reimbursed, rest are left with nothing.

I think it's difficult to single out one thing. It all depends on how much the person thinks about the security of their accounts. ;D

For me YES, as long as you have your private keys safe. Some banks are very trash, specially here in our country, they will just force your account to be frozen. You need your attorney and accountant to defend your account, really trash. I already don't use banks now here in our country.

Exactly. Having complete control over your funds as you do with Bitcoin is obviously a huge advantage over the fiat bank system, but can also be a disadvantage if you are careless with security.

If your credit card gets cloned, or your account gets hacked, chances are your bank will pick up on suspicious activities and lock your account. Even if they don't, you may be able to claim back money that was stolen. If you are careless with your Bitcoin, using weak passwords or brain wallets or something similar, then tough - the funds are gone and there's nothing you can do about it!!!! I think the use of Bitcoin is more convenient than the bank. Bitcoin Transmission Facility Besides, strict security is used in the exchange of bitcoin. Moreover, if you do not have a solid password. Then there is the possibility of damages. Safe in banking than Bitcoin. Because the bank stole your money, you can get it back. If the bank can open up, then your account will be blocked. But in case of Bitcoin, if your password is weak or hacked it will never be returned. So this is as safe as the banks bitcoin.   ;)

It only depends on you if have a trust to Bitcoin and other cryptocurrencies. It's the matter of self decisions if you rely to other you will not know it's safe or not. Maybe not just rely to the bad news that you read , just believe on your self and to the power of digital currencies and know other ideas on it not only those people who say about it.

We can not really say that either of the two is safe or it could be neither of the two is unsafe so relying on oneself is definitely your best and affordable weapon. But human error can not also be avoided. So i think it depends on you what strategy you will take.

For me yes but somewhat no. Yes, because surely your money will profit without any interest cutting of by any system. Instant profit, meaning if you invest now tomorrow it will profit and if the value is low it will be lowered. No bankruptcy, meaning the money safe since it is invested in the blockchain or rather crypto market. No, because the value of a particular coin and token cannot be determine. In some matter you will lose dollars if it will be lowered so you must work on it. 

Keeping bitcoin as you directly hold your money, the bank then you send the money and get them the trust. But bitcoin price fluctuations can not be said to be safe, depending on how you use it!

if you are confident in the sender, they can be equivalent, in other cases, you need to pay attention to the situation of the transaction

It's honestly not better at all. Having control of your money is only as good as that. Money has to be spent and that's where trouble comes in. If you get scammed or you make any mistake, your bitcoins are gone and no one can help you. We are still far away from massive adoption just because of this. I never fear paying with my credit card, with bitcoin, however, it's far riskier and even well known websites can be hacked and you can still lose everything.

If in my opinion all have their own weaknesses and shortcomings but for now, security is definitely in Crypto, because if you lose your crypto (not in the market) it is an individual's fault without interference from other people, different from the BANK, lots of interference others so cheating can occur.

For me yes but not totally agree. But of course Bitcoin as well other cryptocurrencies were more secure than the banking system. And  surely your money will profit without any interest cutting of by any system that what happen if you keep money in bank. Bitcoin being decentralized has made people have trust over banking than cryptocurrency which is completely backed by technology and it provides with an efficiency in functioning.

I am convince the banking sector is still quit much safe compare to the Bitcon commmunity, fraud/ scam can still be easily trace compare to Bitcoin where you can not trace the perpetrators easily, as there is no much Identification for investors, this is still a major short coming for Bitcoin.

they both of them a=can not be compared at all. the differences are much. first is the scalability and then the time taken for a transaction to be executed and another is the immutable  record feature of the blockchain technology making it impossible for one to alter or even doctor the ledger and make assumptions for transactions

For me i always comments that life as we live is about risk and those who endures it enjoys the best fruit. Investing with both bank and in bitcoin is a risk and to me will prefer the risk that will yield me much than the one with less and to me that makes me think bitcoin is much safer than banks.

Bitcoin and Banks both have pros and cons on their usage and security offerings. And as of the moment, anyone would definitely feel safer with the banks in the scenario you cited.

With banks coordinating with one another and is under an international agreement of Anti-Money Laundering and fraud detection, banks can track down fraudulent activities and trace the origin and the recipient's real world identities to held them liable for their actions.

And remember, with banks, the full force of the government can be implored to arrest such individuals, something that bitcoin do not have right now due to lack of government backing.

No. Bitcoin not safer then banking. But now a day bitcoin safe currency. It's the matter of self decisions if you rely to other you will not know it's safe or not. Maybe not just rely to the bad news that you read , just believe on your self and to the power of digital currencies.

Maybe it's a conventional bank that is easily stolen by its identity, I think bitcoin will be difficult to steal because there are many safeguards in it, so far blockchain technology is much safer not as easy as this conventional bank in my opinion, what do you think about your friends?

My answer is yes because Bitcoin is a digital currency that is based on blockchain which is regulated by the government making it difficult for one particular individual to run away with individual funds of investors deposited and secured in their personal accounts but some banks are owned by individuals who might wake up someday and decide to close down and disappear with individual funds deposited in His account for safe keeping

It's depends on upto you.If you believe bitcoin then you should think bitcoin safe,but here is possible to hack your account by the hackers,but bank account has not any chance to hack,so i think it depends on trust.

No banks are safer in terms of investment platforms than bitcoin investment but if you also want the investment platform that offers huge profits then i suggest you invest into bitcoin investment.

not really, if for the bitcoin security sector it is inversely proportional to your opinion, bitcoin is also often used as a crime and risky tool rather than a bank. even though it is equipped with a security code.

that's just my opinion if you ask about security, but if in terms of profit, bitcoin is far more profitable than banks.

I think cryptocurrency is safer. Risks exist anyway. There is a possibility to lose the Cryptocurrency using an unreliable wallet or exchange.

Bitcoin is a safe currency because it is really legit but is more risky to put your assets with it than in banks. I am believe that many are going to choose banks where to keep them and only keep in bitcoin what is afford to lose, but that does not mean that when you put in bitcoin you gonna lose, it is depend how you handle it. Bitcoin can give good profit than banks when the price goes up for good result.

Maybe when bitcoin have lower price is better for saving your money at bitcoin than you have save at the bank, but some time when bitcoin at higher price is too risk for saving money in bitcoin. maybe next day bitcoin will have drop price.

Bitcoin is safer than the banks in a lot of ways and you can also carry around your own personal bank i.e Coinbase app (http://"https://www.smartbitcoininvestments.com/coinbase-review/").

While we may not see friendly faces personally behind a teller desk for cryptocurrency for a while, it is still convenient in the sense that one can perform personal accounting within the wallet that they use whether it is a hardware wallet, iOS or Andoid wallet, web wallet or cold wallet, it is extremely simple to calculate how many BTC's you have on hand.

The blockchain will make banking simpler and safer for all citizens around the world. People can decide which cryptocurrencies they want to carry, which are supported by different organizations, groups and companies. Overall, I would keep cryptocurrency around as a form of banking, and also as a backup savings account/investment vehicle (http://"https://www.smartbitcoininvestments.com/").

Yes for me Bitcoin is safer than banking, Why? It is because in bitcoin you can have savings in the future without giving any important documents you have like passport, drivers license or any valid id's. Then, when the price value of bitcoin get higher in the future then you buy now for sure it can become more than 1000% of profit you could get which I know bank none of the banks can't do it.

Bitcoin is safer than Banking, 1 there no spending limit,Bitcoin doesn’t have any spending limits which means you can send as much money as you need. Doesn’t this make better sense than being told how much of your hard earned money you’re allowed to spend? (2)Quick International Settlement'

With Bitcoin, transactions are received instantly and it usually only takes an hour for proper confirmation. The current banking system is outdated and even if they could settle instantly they’d likely still hold on to your money to turn a profit on investments.

For me there's nothing safer than banking, I still prefer banking because any transaction goes under verification or clearing process, this is to avoid fraud and any other unusual activities, on thr other hand, bitcoin is also safe but possibilities are, fraud may occur.

in my country there are so many times that hackers hacked to bank system , but they couldn't steal money but when hackers have your private key nothing could help you .

safer than bank that's what really they say.. but to some who are doubtful and hesitant to invest in bitcoin they rather want to stay in the old way which is banking but then there are also some disadvantage on it... either the two its up to us who will decide unless we really secure everything we can't really trust..as some say..

Yes bitcoin is safer than banking.When you keep your money stored with a third party you are at their mercy. There are several examples of people unjustly having their banks levied. Recently, governments around the world are being forced to implement bail-in policies. Bail-ins prop up failing banks by going after bond holders and uninsured deposits.With Bitcoin, as long as you keep your private keys secure from hackers then nobody can touch your money. All coins are locked on the public ledger and private keys determine ownership. There are now private keys based on 24 randomly generated words that you could memorize and store without a trace.

Yes, Bitcoin is 100% safer then any bank due to decentralized nature of bitcoin. Banks can be hacked but hacking bitcoin is 100% impossible.

In my opinion, there is no safety hiding of bitcoins in trading markets, as many markets become scam, I have lost my ethereum from qryptos because of the lost qryptos market, it is better to hide in the bank.

Why every now a day everyone is comparing bitcoin and bank.

Bitcoin is not much safer than a bank, but it will be 10 times more profitable than a bank if you invest in the right time. It is the price to pay and it distinguishes between the two who are reckless and secure. It depends on your choice.

Bank is ever a better place to keep money and other valuable things. Investment with bank is always safer than in bitcoin. In banking system, you will definitely see the people you are dealing with  but this is not so in bitcoin. If you are scammed in bitcoin, you can't go and arrest anyone because you don't know not see them but you can sue bank if you are deluded.

both have advantages and disadvantages of each, because there is no perfect nature in this world
Banks can commit fraud, because their system is not transparent
but Bitcoin also has weaknesses, someone who has bitcoin is not necessarily their assets will remain, the worst risk for BTC owners is the value of their assets is down, because volatility is the nature of bitcoin

I THINK YES BUT BANK IS ALSO FAFE

In my own opinion, Bitcoin is not 100% safety because Bitcoin has lots of hackers. Bitcoin and bank has a different uses. Bitcoin is one of the best digital cryptocurrency and it is worldwide.

It is very interesting question. I think bitcoin is safe more than bank.
Bank is controled by Black power. So many people don't know how it adjusted..
But bitcoin is very transparent. Everyone can know that buy and sell and transfer.
I'm sure that it can change the world. But obstacle is block power..

I think the bank is much safer than Bitcoin. Because the banks adhere to the rules of the government. And the other is that Bitcoin has not yet been accepted by many nationalities. That is why banks are more secure than Bitcoin.So, the bank is more secure than Bitcoin.

for several reasons, bitcoin is safer. the meaning is that the government will implement a bail-in policy that encourages banks to fail to pursue bondholders. This will never happen with a Bitcoin account because no one is allowed to touch our money

Although we may not see the friendly side behind the electronic money trading desk for a while but still convenient in the sense that users can perform personal accounting in the wallet they use whether it Is wallet, wallet or an oroid, web wallet or purse wallet, it is extremely simple to calculate how much your BTC has in hand. People can decide what kind of electronic money they want to carry, supported by different organizations, groups and companies. Yes I Bitcoin more secure bank, Why? Then, when the value of the bitcoin increases higher in the future then you buy now to make sure it can become more than 1000% of the profits you can get that I know of no bank among the banks. can not do that This does not make much sense than being told how much money you are allowed to spend. With Bitcoin, transactions are received immediately and usually take just one hour to validate.

I think, if what you mean is about which one is safer then I think the bank is safer than bitcoin because bitcoin has a big risk and you can lose your money but if the bank your money will remain safe

i dont think it safer than banking man. when your want to save money by bitcoin. maybe you lose 50% money after 1 day. or maybe hackers will take it from you. so anyway banking better i think so

In my own opinion, if we talked about how safe or secured in investing bitcoins or in banks, I guess banks are still much more advantage into it since it is protected by the government and we can have a better assurance in case if there is something goes wrong in our investments. While in bitcoins, it is still decentralized and anonymous so the chances to get hacked are highly possible.

 adsolutely yes, bitcoin is more safer than banking
because bitcoin fund can store to your own wallet and sale it when the price is high if your fund stored your wallet no can get it without your approval.

I do not think there is any comparison between banking and bitcoin at current situation, bitcoin is currently not a legal tender so any banking operations can not be compared to it, if we talk about fraud then its more in cryptocurrency than banking, online fraud are not common because there is high security in all data centers/ servers, fraud happens due to some negligence, currently we are opting to invest in bitcoin for a high return of our investment but the same time its a bit risky, I think considering bitcoin over banking due to online fraud is not a good idea.

You can't say that bitcoin is safer than banking. Bitcoin is just a more convenient than the traditional banking because it only needs the internet and nothing more unlike the traditional banking, it will consume your time. Bitcoin is not safe, it depends upon you on how you keep your keys unspoken or unrevealed. You cannot compare the security of bitcoin and the traditional banking because you already know the answer.

Get a hard wallet and yes your bitcoins are more safe now and you are now in control of your own funds.
But keeping bitcoin in a wallet will not yield you profit you need to work accordingly,keeping updated yourself about soft/hard forks and get some free bucks.On the other hand many banks gives you some amount/interest as per your investment.
So you see both are very two different things comparing on the basis of security/safety is no good and is baseless.
Well in terms of profit we can have a nice discussion.Crypto had given many people profit and in the coming years it will give more.
Moreover more than 60% of the countries have already stated that they do not consider crypto as legal tender but cannot ban.
Enjoy trading .

for the level of security between bitcoin and cryptocurrency, bitcoin is safer than banks. but we must know that cryptocurrency has fluctuating properties. the value of cryptocurrency prices is very easy to change. if you are lucky in cryptocurrency, maybe you will be very happy. because the value of the money you save will grow. but if the market has a price decrease, then you will lose. so I think it's up to you to save your money in the bank or crypto. if you want to invest and want to make a profit, you better save it in bitcoin. if you only store in the bank, maybe you get only a small profit.

I had a negative experience with banks when I lost a large amount of money due to the bankruptcy of the Bank where I kept the money. And that's why I've been avoiding this whole system ever since. And bitcoin was a great alternative for me.

But at the same time, you could buy bitcoin for $ 19k and potentially lose ~ $ 12k.
The security of both bitcoin and bank accounts is relative, each of them has its pros and cons. But if you consider the difference as a whole, then only you are responsible for the safety of your bitcoin, and the team of bank specialists is responsible for the safety of the bank account. Which is better - everyone decides for himself.

What are you asking ;D
Definitely NO....bitcoin is not at all safer than banking. Rather banking is totally safe. The risk rate is almost 0% and the rate of return is nearly 7-9% pa. Bitcoin is highly volatile and hence its having higher risk. Those people who can't afford to loose their money or who want to play safe ,are advised to use your money in FD's , NSC's and many other banking schemes because banking activities are highly secured.

The Bank really cannot be called a 100% reliable system. But bitcoin also has its risks. But still, I prefer investing in bitcoin, as it brings much more profit. And certainly attracts its decentralization, which significantly distinguishes it from the Bank.

How careful do you have to be when you buy a hardware wallet? Those things are almost idiot proof and do everything for you. You can't hack a good hardware wallet and even if you lose it your coins aren't lost as long as you have a way to recover them like a seed written on a piece of paper. This saying that you need to be careful and worry about hacks all the time is a myth.

if you ask about who is more safety in terms of transaction I prefer banks that are safer in terms of transactions and security to avoid fraud or hacking, but if safe in "anonymous" terms I prefer BTC due to its completely anonymous nature

In country currently, Banks are closing like crazy meaning that those people who decide to save their money at such banks are all losing their money. I bet that if crypto they wouldn't have lost all their irrespective of when they invested in the cryptocurrency.

Bitcoin is not safe than banking because bank is the one who trust by many people in the first place and this is the most trusted to keep safe everyones money.

At the moment I think Bitcoin can be much safer than banks. Since your transactions will not be disclosed to the outside, you will not be able to disclose your personal information. Although when depositing money into banks, you will receive a profit over the next few months, but that is not much compared to investing in Bitcoin. If they have a boom in the market, then you will get $ 500 to $ 1000 in very short time.

I think putting your money in a bank is your money is not growing but if ypu put your money into a Bitcoin then possible your money become doubled. But for me I prefer both because when i have money in the bank, I can easily get it and its convenience to used especially when I have to buy then pay it. While Bitcoin instead of using it when do transaction I feel regret after because I think its better to hold it for long term it because its value is possible to increase even more.

blockchain has created a number of successful transactions digitized on electronic money and payment; finance and stock markets such as stocks, checks, debit or asset management; education, health, art. Electronic money or pre-coding is the mode of exchange using encryption to ensure transaction security and control of newly created money units. This money is exchanged directly with an Internet connection device without the need of an intermediary financial institution, which minimizes transaction costs. Since it is not under the control of a government organization, the crypto market avoids the inflation that traditional banks face. Users use electronic money everywhere in the world, even in money. face when necessary. Bitcoin, Ethereum, Steam ... This is also a good source of financial investment.

Even though bitcoin's not regulated, by banks or the government, however in fact this crypto currency cannot be counterfeited like fiat currency, which we use in our daily life, it means it's safe to use (even though hackers may steal coins which we have).

yes, because there are no spending limits ,Quick International Settlement, 24/7 Access,Your Account Cannot be Levied, Lower Fees

Bitcoin is more secure than banks, it is anonymity, we are allowed to pass a certain amount of money from a country to a country today, such a limit is eliminated with Bitcoin. You can see your bank accounts states and they can tell you to pay taxes, thank you Bitcoin

Perhaps I can not say so yet, because banking is already quite developed and probably still safer, because they use a lot of time and I think it will be a lot of years.

one of the shortcomings of investment with cryptocurrencies is that the security issue in our assets is no institution that can guarantee its security because we ourselves are in control of its security

I think Bitcoin is not safer than bank but holding it will bring big profits for investors. that is the price to pay. If you send money to the bank, you will have interest but it is not too high for you to have a fuller life. It depends on the choice of each person.

For me, bitcoin is much better than bitcoin because here you don't need to have papers and contract just to invest here in bitcoin their are helping us to earn money and to save money for the future, whatever you do to your money it will not cause to debt because the money you earned will continue to grow unlike in banks while you were having fun the money you have will be lessen that will cause to debt.

Both of the are safe but for me Bitcoin is to hold and invest while banking is good to store your money. Bitcoin have unstable value so that its good to hold it to grow also its safe when you invest to it but the problem is the unpredictable market. Not all the time Bitcoin have higher value because sometimes its goes down. While banking is safe also especially if that bank is well-known.

as you said, indeed bitcoin is quite good, but yes it is not necessarily a bank that is bad too. because banking until now we still need for transactions so far. so whatever the advantages of bitcoin we never underestimate the bank too.

Both money and bitcoins are necessary for us.Bitcoins is not accepted everywhere and fiat currency is still the mode of payment for maximum things.
So debating on which one safer is really not valid at all.Both are two very different of its kind.Crypto had,is and will give profits far more than any banking system so here lies the point are you willing to take a little risk ?
Bitcoin is always safer above any banking because it has the plus point of anonymity.Keeping crypto in exchange in the case and at that point crypto becomes vulnerable because any exchange can get hacked and people will loose their investment.But if you keep your hard earned money in your hard wallet then that is most safest way to retain funds.

I think it will depend on how you control bitcoin. Obviously bitcoin has advantage that gives you user experience. You can do all things with your sweet well. On the other hand bank is the more secure than bitcoin if you are not sincere about it.

Both banking and bitcoin have their own advantages and disadvantages. You can decide to choose either or both of them depending on what your interest is. Decentralization and high profit can attract you to bitcoin but your investment can be at risk. Banking offers low interest but the risk is not much.

If you know how to use bitcoin, then there is absolutely no question that bitcoin is safer.  In fact, bitcoin is the safest method of transferring wealth available. Besides cryptographic protection, etc. It is a system that does not require sharing anything with a third party, which is inherently more secure. I have replaced my debit card three times in a year due to data breaches. But never in over eight years have I lost a single Satoshi.

We deposit our money into banks for safety and security of our funds which makes us to feel free about our funds also it's banks responsibility to take care about our funds but we are almost tention free
But if you keep your fund with yourself like in Bitcoin then it's your responsibility to take care of your funds, you must aware of scams and hacks, you must secure your fund as possible as you can because no one knows about your funds, it is limited to only you
If you think that you are smart enough to secure your fund with yourself then there is no problem
Storing our fund into Bitcoin is so easy in my opinion as there are many ways to store Bitcoins securely
I love Bitcoin and blockchain technology and I also prefer you to do some research about Bitcoin wallets and secure ways to strore Bitcoins

yes, of course, bitcoin is safer than banking because in my opinion, with this bitocin, you can save assets that you have in a safe way and if you save in bitcoin, you will not be taxed, while for your bank, you will be taxed every month and it makes you loss.

Bitcoin is good i am loving it and used for a very long time for transactions and for banking i have to say that banks is controlling by central authority and here in this you have a physical existence of your wealth while it is not possible in the case of crypto because if the crypto is staled how you can recover that while the pensioner use their pension for savings and they earn a good amount over that but in crypto is not that easy so they will not understand it easily.

Bitcoin is indeed more secure in terms of fraud like what you say. But now there are also many fake investments involving bitcoin as initial capital, so the conclusion is that the level of bank and bitcoin security can be the same, what needs to be considered is public awareness that using banks and bitcoin is always vigilant of any suspicious offers.

Some peoples said bitcoin is safer than banks because only you have the full control of your balance. But some peoples still think bitcoin and crypto are not safe, peoples can hack you. Well, i guess it will be depends on our knowledge how to secure our wallet to not getting hacked by others.

If we seen from security in terms of saving money then I choose a local bank because the amount of our money will not decrease in value, but if we keep it in the form of BTC then the amount of money we save will change according to the exchange rate. And in my country there is an authority that guarantees security and oversees all financial service providers, if there is fraud we can report to the authorities to be processed legally.

That's because of their own carelessness, I think the bank also has the same risk of being stolen, do you know about ATM scamming or other methods of bank theft? instead, I think it's safer to store in bitcoin, I save my assets in hardware wallet and in a few years I've never experienced theft

Bitcoin may be safer than Banks, but if you use cold wallets like Nano Ledger S to keep Bitcoin, it is safe. But everything can be stolen if you save your information on the internet.
 Based on some factors, I believe banks are safer than Bitcoin.

Banks are good in our country because here crypto transactions are very less and there is no physical exchange where we can convert our money and banks are safer than any other form of money keeping so i am using banks for deposits but i have investment some of my money in crypto for long term holdings and i have done many transactions in past.

Probably it's safer at banking if you're looking for a safer long term investment. You can never be sure with bitcoins because you might have bitcoins decline in pricing because of how volatile it is and how crazy the masses are buying in volumes. I guess it is just the fear in me that does not want to go cryptobanking.

Yes, transactions are quicker and cheaper but bitcoin is not for everyone to understand so that would cause a problem. also bitcoin is not that well adapted. From those aside it is in a way safer than banking

And investments in bitcoin and investments in the Bank have their pros, cons and risks. It is necessary to carefully analyze all this and draw a conclusion in favor of one of them. It is impossible to say which of these two methods is the best.

I think bitcoin is safer in a way that it you'll take control and responsibility of your assets all by yourself, without relying to any third party. You'll know what is happening to your assets. But in case you lost access to your account, all your assets will be lost and that is what we don't want to happen, also, another risk in relying to bitcoin is the fact that it can be stolen if you are not careful enough in keeping your private keys.

In my opinion, bitcoin is more safer than money saved in banks. Even though bitcoin offers no insurance policy if your money is stolen or lost but it is up to you to secure your money. You must be very careful to whom your dealing with and keep your private keys secure then nobody can touch your money.

I think banking is safer than bitcoin. There is no worry that money in the bank is going to go away. Also, the bank can guarantee the funds against any fluctuations. However, you have to watch over who you are dealing with for bitcoin. It is up to you to choose banking or bitcoin. Or you can use both banking and bitcoin.

Either bank or bitcoin human beings will always behave like one  ,they get there bank accounts hacked by been stupid so same things will happen to bitcoin wallet too , its all in our hands because if your wallet get hacked its your fault ,its just that bank is there to be blame and you can't blame anyone if your coins are gone .

I want to believe that the banking sector is safer than Bitcoin, The banking sector is an old platform with policies and regulations with an acceptance by government globally  which has help to enhance  security,with the banking sector fraud/scam can be trace and dictected easily, and  I hope in the near future Bitcoin will become accepted globally.

For me banks are still safer for our money. Even if they give a very small interest. In case your money lost in the banks atleast you know who you can run after.

Of course it is the safest thing in the world better than any bank worldwide you can place yourself the security you want and you can have thousands of wallets with the amount you want and you can encrypt them and who will steal while you keep your security that you better take care of your money and apart you can earn much more than you have if you raise the price it is very smart to have cryptoactive money in the bank and is not being pursued by the police or some government or the thieves or swindlers who rob you credit cards and make charges to your unauthorized account

I think bitcoin will be safer than bank if it is supported by the government. Bitcoin is highly secure to operate worldwide. There are many people who invest in bitcoin. So bitcoin must be a very powerful system for global operation.

Frauds are everywhere; both in the banks, cryptocurrency and other financial institutions. The help I think the blockchain should really do with its advanced technology is to really curb any form of losses through hackings of wallet funds; this will really create an edge over the banking sector.

Better not put all money in cryptocurrency. Cryptocurrency always high fluctuation, indeed crypto is good investment but i think we should diversify our investment in still keep paper money in bank account for emergency

I don't think Bitcoin is safer than banking, because everything related to money must be sought by thieves. but in general, Bitcoin is more preferable, but the reality is that there is often a theft of digital cryptocurrency assets including Bitcoin in the wallet. that means we still have to be careful if we save money either at the Bank or in the Cryptocurrency wallet.

Bitcoin is blockchain based technology and it is more safer then banks as banks data can be hacked but blockchain technology is not possible to break. Blockchain is decentralized and no one have control on it and you can transect any amount in minutes with a fixed fee through this technology but that is not possible in banks. Your funds can only be stolen if someone have access of your private key or password otherwise it is full proof technology.

Both bitcoin and banking both have their own advantages and disadvantages. If we discuss the security issue between bitcoin and banking, I still believe that banking is much safer than bitcoin. Banking is protected by the state and has rules that guarantee the security of customer funds, while bitcoin is not the case, but of course everyone has a purpose for the money they will save, and if the main goal is to get big profits, of course bitcoin is the best place. For this reason, what I want to say is that between banks and bitcoin has their advantages and disadvantages, and we can choose which one we think is more appropriate to save the money we have in accordance with the goals we want to achieve.

yes of course cryptocurrency as a place to invest us to make money. whereas the bank is a place to save our money to be safer. actually the security of our money depends on how each of us how we secure it.

Actually, both have flaws and are prone to scams and fraud. The advantage of banks over Bitcoin is that if you become a victim of fraud, you will get your money back unlike bitcoins. You lose your key and it's the end of story for you. On the other hand, since it's not regulated, you have full control and democracy over it.

It depends on you if you have a high volume but both of it is prone to scam. Both of this has their own negative and positive and there are some cases about banking that hacked.

In fact, you can make it safer if you can safely use it in a more risky way, but in a logical way. What you need to do here absolutely nothing you do not trust the process, including people and sites.

i think it is both the same , imagine that scammmers can enter crypto how long the bitcoin is? i think it depends on you how you manage youre income and how you proctect it from losing it.

honestly bitcoin is not something to save your money, of course everyone will choose a bank and most importantly a state owned or private bank whose existence is quite good in the long term. Bitcoin is an investment that is not static, it is certainly risky to save your money in the crypto currency. the bank has been trusted for a long time ago before bitcoin

I think those small fine prints were never really created for fraudulent engagments by the banks. It just so happened that many will not take the time to read and understand them either because of much trust with the bank or out of sheer laziness.

One might think that the bank is exploiting this characteristics of their customer, but not all does. There are still banks out there that thrives on transparency on conditions and regulations and is not merely after for the sell of bank products and services.

Yet, on this note, cryptocurrency remains the best choice for a non-hazy, direct and transparent approach for keeping your assets free from such fraudulent activities as no one will be calling you to avail any promo or ask you to join an exclusive membership club that have fine prints too small for anyone to pay attention to.

Bitcoin is risky and if you want a sense of security then you better save your money in the bank. Crypto is like an investment in which every investment has advantages and risks.

Bitcoin Transmission Facility Besides, strict security is used in the exchange of bitcoin. Moreover, if you do not have a solid password. Then there is the possibility of damages. Safe in banking than Bitcoin. Because the bank stole your money, you can get it back. If the bank can open up, then your account will be blocked. But in case of Bitcoin, if your password is weak or hacked it will never be returned. So this is as safe as the banks bitcoin.

This depends on you if you have a Trust to BTC and other crypto currencies. It's a matter of self-determination if you depend on others you don't know are safe or not. Maybe you don't just rely on the bad news you read, just trust yourself and the power of the digital currency.


The report states that bank fraud still continues despite strict security measures taken by banks. Only between January to July 2018, timeshare fraud alone has 1,155 cases reported

There's a good point stressed by a newbie (and i commend you for that).

What is pretty obvious  here is that both banks and bitcoin have their  strength and weaknesses when it comes to safe keeping our money or assets.

But as to which is safer? The answer would really depend on your purpose of safe keeping and how long do you plan to keep it in storage.

From there, we could slowly discuss and find out the pros and cons of both for your intended purpose.

In my point of view blockchain system and traditional banking system both have some advantages and disadvantages. In traditional banking system people have to follow specific mandatory rules to deposit money and withdrawal, besides these account holder needs to maintain their transaction up to a certain limit of transaction. If the bank got robbed authority must refund to accounts holder. So in this sense bank is safer than Bitcoin. On the other hand in blockchain system an account holder can transaction unlimited amount of money and its way of transferring currency is too easy than bank .They don't need to maintain specific rules of regulations to operate their individual account but it has some disadvantages too such as if someone loses password or private keys they must lost their funds, hackers may hacks your account and snatch away all of your earning money or scammer may scam if all these things happened then there is no chance to get back your funds again. so in this case Bitcoin isn't safer than Bank. Otherwise Blockchain system/crypto is more better than banks as Bitcoin has no complexity like banking system as well as it's a wonderful a place to earn plenty of money just need to focus to make secure their private keys and passwords for not being hacked.

Everyone knows that always banking device preferred so fiats, blockchain technology so choose crypto overseas cash. crypto discovery, specially to exclude the banking device and to lessen the strength to go to banks for the crypto forex. we couldn't distinguish among crypto foreign money hyperlink financial institution. i have to well choose crypto cash and wallets on the road and banks beneath the economic group.

What exactly are you talking about: Bitcoin safer than banks???
 I can't see how this can be possible. There may be some risks with saving at banks but there is no way that can be anywhere closer to the risks involve with investing in Btc.

There is no route of escape in life. There is non of them that have 100% assurance of safety. I and my friends have experience being hack in bitcoin world. We have also seen bank debit alert that we have never initiate.

Bitcoin is really popular because it is great investment but it has also a possibility that the money we will put in bitcoin can lose or maybe hacked if we will not used a good wallet that's why for me bank is still more safer.

IMO, i still think that banking is still safe from crytocurrencies because there is a less threat on it comare to bitcoin. If you would think closely, once they get your private key, no thing can be done, goodbye funds and assets already. However if this thing happen in bank, you can still report the case and a follow-up procedure may occur for this.

Yes, for me banks stil was the safer one, why? Simply because ithave support and tested for so many years. You can recover easily and contact the support when something went wrong. It was more tisky here in bitcoin than in banks. Even bitcoin has a high profit but the fact that you are not 100 percent sure about your investment means that banks still much safer than it.

if you say Bitcoin is safer than the Bank is wrong, but if you say Bitcoin is more profitable than the Bank then you are right, because I think Bitcoin is more profitable than the Bank but the Bank is safer than Bitcoin, I can say that because Bitcoin can disappear at any time but the increase in the price of Bitcoin is very fast.

Due to BTC's decentralized nature which is more secured and safer, it has made more people trust it more than the banks. I think its more safer than the banks.

In terms of performance and its usage of course bitcoin's safer, more convenient and practical than banking. The reason is I can make transactions with bitcoin wherever I'm. I'm aware bitcoin and banking have their respective weaknesses and advantages. But for now bitcoin is the best.

Although it is decentralized, it is not regulated, besides it is the main currency in blackmarket where hackers and illegal people are, which led the thoughts of people that it is not safe, they will intend to go for the banks.

Peer-to-peer technology is placing more power in the hands of individuals and Bitcoin is a serious upgrade to our money. Decentralization is Bitcoin’s “killer app” and there are several things it can do better than traditional banking.

I think it is way more safer than banking in terms of security,
Just don't expect too much when you put your money in it ,don't expect that it would bloom or have some interest because we couldn't control the price of Bitcoin.

in my opinion, of course the bank is safer, because it is supported by the government, and there are many other reasons. therefore, bitcoin is always viewed as having a large risk. but, I think there are still many people who choose bitcoin because it feels profitable.

Perhaps the banks are still safer. Let a small percentage of deposits, but you are sure that your money does not decrease by 2 times.

It is difficult to answer unequivocally. So how to compare bitcoin and banks, not quite right. These are completely different things. Bitcoin is P2P value, with Fiat money always volatile. But banks work with fiat money. For the safety of your funds in Bitcoin, only you are responsible. In the case of a bank, there is always an intermediary. So excluding more evil, bitcoin is more reliable for storing funds than banks. But, always have to take into account the volatility.

In my opinion, banking is safer than bitcoin. In terms of products and services offered, banking involves a  little risk than bitcoin for the reason it also offers little in return. What makes bitcoin risky is because the higher the risk, the higher the demand.

In my opinion, Bitcoin is safer than a bank because it is anonymous so transactions are still done but your identity is completely secure and you don't have to worry because bitcoin can't be faked.

Nope Bitcoin is not safe like banks cause if we send payments we don't have actually sending info's too but only address and transaction id not like in banks we should have complete details first before making any transactions other than that depositing bitcoin in any exchanges is risky too cause is could be hack and lose all your bitcoins.

When it comes with security, bitcoin is safer than banking. In a bank, Bank clients report that there are unauthorized use of their money or even the deposited money is missing. So i prefer the technology of bitcoin.

All of course can be better another, compare all of this can be perhaps to accept the only the right decision, and in my opinion better in banking, so as greater older and these wiser.

I think both have risks. but indeed banks have a smaller risk than bitcoin. but i still choose bitcoin because bitcoin still have future and good investment. whereas the bank I use is only to save money.

yes, of course, bitcoin is safer than banking because with bitcoin transactions can be easy to see because all blockchain systems record everything so that the entry and exit of assets can be seen.

I think bitcoin is safer because access knows only ourselves. Compared to banks, we certainly don't know that banks are robbed or bankrupt, so I prefer bitcoin compared to banks.

All that I know about Bitcoin proof me that it's a very strong system almost impossible to be broke through, I absolutely trust on Bitcoin, I dont care with negative speculation.

Because bitcoin isn't part of any organization's management, it avoids the inflation that banks make, and when conducting e-transactions, it is more secure than money. traditional transactions.

For sure safer ! That's the main reason they believed in something different that you can really owe and not to depend on someone central banker that wakes up one morning quite angry and decides to stop the withdrals from your account so you cannot longer take your own deposit ! Because now they control them, so you can't access in anyway. Just look what happend in Argentina in 2000 or early day  in Greek crack  where peolple are waintitg in the line on closed banks and try to get THEIR money. Bankers are thieves !

I will not say that bitcoin is safer than banking because  banks is also safe and very secured that's why many people are still putting there money in banks but unlike in putting our money in bitcoin, it have a chance to rise very high.

For me banks are still the safest in terms of saving your money but this has a very low interest rates. Currenty i prefer both to have a bank savings and a bitcoin investments.

So, for you bank is safer because it ask you all your info to let you do the transaction, what if the bank get hacked and now the bad guys have not only your name, they have you phone number and your addy. So, that doesn't make it safer.

i will tell you why bitcoin is safer... if bank decide to freeze and lock your account, they can do it, but that is impossible to happen with bitcoin.

Let me explain this with a nice meme:

Bitcoin is cash.
Yeah, kind of digital/ electronic one.
Is cash safer than banking?
On some occurrences it is, on others it isn't.
Same for bitcoin.
If I would be selling car or home then bitcoin is much safer than bank. The whole agreement could be posted to the blockchain, you could see money travelling in real time in your wallet and after x confirmations you can be sure you really received money.
But for everyday use I think banks are still better, because 1$ = 1$ and you never know how much BTC is worth a the given moment.
Maybe there is/ will be wallet that will lock your BTC $ value for given time, so you can go out with $100 in bitcoins knowing it'll be always $100 for that day. Such wallet would be funded by getting cut of BTC rises and will use these funds to fund wallets with BTCs locked to $. Basically: you're risking part of possible rises in order to secure against potential downs.

i think with the bank you will safer than bitcoin. Because at lease the bank need to pay back for you if you lost money in case the security of the bank has issue

Theoretically, bitcoin is safer, but in practice everything is completely different

Your wallet is protected by an antivirus (maybe even a free version)
And there is a whole department in the bank that ensures security with the use of expensive equipment and software systems. In addition, as already mentioned above, there is insurance.

For me crypto or bitcoin is not surely safe to put all your money but bitcoin or crypto is the best in term of saving. Because each year bitcoin will always grow here price and it give sometimes chances to invest in a good price. Banking cannot do that because there interest is so low.

if I don't think so, because there is a lot of news that has lost bitcoin because it was hacked or stolen, it is safer to keep our assets in the bank. because the security is guaranteed

it's up to you if you have confidence in the BTC and other crypto currencies here. Doing these things we should decide ourselves if you need to rely on others that you do not really know that you are safe or not. we should not only believe in the bad news you are reading, and we need to believe in ourselves and just have to trust the power of digital money in our world.

I think bitcoins are much secure than banks/fiat currencies. The transactions for bitcoins are anonymous but it does not play any negative role for bitcoins to make them less secure. Infact cold storages, hardware wallets, paper wallets, etc are a way much secure than any of the app used by the bank.

Right in banks your investment is legit and well secured your money and the transaction are safe than crypto investment cause when banks is getting bankruptcy the government or agencies will refund your investment and we know investing in cryptocurrency and hackers, hack your account there is no one will refund your investment.

Obviously,  Bitcoins transactions are recorded in the ledgera which is secured by mathematical analogs so that no one can hack it but in case of bank its not like that  its totally different

Well as for me mate, this two organisation has individual  differences and concepts. Banks offers safer funds while bitcoin offers a profitable funds once you invested projects in the market. I know taht bitcoin is recorded and centralized but we cant really sure the safety of each account because of hackers and might we forgot the important details then we can't access our account while banks has establishments that we can visit every time we lost control of our accounts. I hope you identify the differences but the two are good its just up to which you think more convenient and friendly.

I respect your reasons though you also have a point in that matter.  But remember you may not able to hack your account savings in bank but they are prone to bank robbery which is once it happens it can never be refund at all if the bank declare bankruptcy. Unlike in bitcoin, once you have the private key, password, and seed phrase I don't think that you prone to hacker or even in the exchange as long as you past the kyc and activate 2FA hacker can't able to hack your account there too.

For me it is safe since only the owner can access the account that holding your money in bitcoin but its not 100% sure that it will grow because all possibility good or bad can happen that is why you need to know how big the risk on investing in bitcoin. No risk no income but invest the amount that you can afford to lose

Crypto and banking defers in meters of risk, Banking system offers secured and insured policy while Bitcoin offers transparency since everything is recorded on the ledger. These two characteristics of banking and blockchain is a good combination to rapid financial transactions. Traditional banking is much more convenient to most of the people nowadays but once the crypto and banking technology combines, it will be more convenient to transact without worries. Of course banking system is still the best option to store cash since its too scary for some people to get involved in crypto due series of hacks, but I think the key to educate them regarding this financial revolution.

Yes indeed, there is a huge different between banks and bitcoin in terms of risks.

With banks, one can somehow sleep through a crisis where bitcoin might keep you up 24/7. When banks offer a certain percentage of guaranteed recovery in cases of a war, a national disaster or merely a bankruptcy, bitcoin offers none. Meaning, when the whole system of bitcoin somehow collapses, we are not guaranteed anything, not even the smallest percentage of our bitcoin asset is insured and could be recoverable.

That is why till date, people like the idea of traditional banking. Moreover, when the bank account holder dies, the next of kin can claim the outstanding balance of the bank account. Unfortunately, bitcoin does not offer such official treatment. Though, one can entrust all his crypto access to a person and trust that it will be in good hands till our sad demise.

i think everything in this world has they're own danger and risk. I think we can't directly jumped out to the conclusion that bank is safer than crypto or vice versa. And to be honest regarding to this matter, i can't decide which one is more safer.

I think yes because through banks they can freeze your account and then you can not do any thing even if your amount is exceeding than limit they will place penalty upon you and governments can also impose taxes upon you if you withdraw more than a specific limit while in crypto this problem is not here and bitcoin is safer than banks.

No, bitcoin is more risky than saving money in a bank, but if you can be alert and smart to keep a private key, then bitcoin will also be safe.

I guess it's depend. Just because some cases happened don't mean it happen in all places. For me, as long as i don't and won't face any problem regarding my assets in banks, or anything regarding to it, i will still use bank and trust it.
But of course, bitcoin or cryptocurrency is not something extra safe as well, because there are lots of case about its safety and other things, if you don't know that yet. Having it ia not being regulated by anyone or even bank can be a weakness as well eventually. So i guess it depends on us and how we see those things.

And besides all of the above, fraudsters are developing new schemes of fraud both for banks and for the blockchain. If there are people who develop technologies, then there are people who break into these technologies!

Bitcoin is much safer than banks, i'll explain why. Many crypto are safe i will talk as your title says "Bitcoin".
Why safer than banks? I'n my country there was a Bank which closed (broke), and all money from their accounts was never back to clients.
While Bitcoin you can make it safer, like keep priv keys etc in your usb/ext hdd, or use some tokens for safe.
Bitcoin and rest crypto are one of the best made for Humans.

Having a bitcoin is like having and controlling and managing your own bank. You can send and receive funds at any moment in a particular time and you are in charge on how safe you want to keep your bitcoin. Looking at how bitcoin is traded and used, it is more safer than banking. Banking presents a lot of limitation.

Bitcoin is also safe but we need to keep our wallet more safe and don't share our wallet private key or password to other peoples and save it in more safe and secure place.

Banks have been at the heart of financial system for decades and there is a long way to go for cryptocurrencies. Right now, banks are safer because of the security provided within it. Also, banks insure deposits at some level. If someone hacks your wallet, no one will refund it for you. Cryptocurrencies need to extra security measures and deposits. I think, cryptocurrencies will be really safe and secure in near future as much as banks.

Just like a user said, they both have their different strengths and weaknesses, I can't agree with you any much. This simply says it all. Due to the way bitcoin and other altcoins were designed, it becomes safer because it developed with some features that make it appear to be much secure than the banking system. But the banking system also have it numerous, not to mention, good features that render it unbreakable and fraud free, maybe not totally, but to a reasonable extent. So they both have their weaknesses and strength, so comparing them both won't really be much of a good idea.

True It's still up to you if you trust Bitcoin and other Crypto Currencies. Well said just trust you self or even your instinct sometimes because Bitcoin transaction is secured.

Yes, it is safer because nobody can block your bitcoin wallet while banks can do it by their wish  :)
But here is another danger - hackers can get your private key and stole your crypto.

For me banks is still better that bitcoin. Yes, there are victims of fraud in some banks. But there is also victims of scammers and hackers in bitcoin. The thing is where ever you put you money there is always a risk of loosing it.

Yes i truly agree with you. Banks is more safer than bitcoin. If you lose you money in bitcoin you don't know who will you go after. But in bank you will know who will you sue.

Nowadays what we always hear is the collapse of banks here and there. To me I think due to the decentralized nature of BTC its very difficult for its safety to be broken. Also because of is base on the blockchain, BTC is much safer than banking.

Every data based on the blockchain is very safe. Due to that I think BTC is more safer than banking and many people can testify to that.   

I think bitcoin is indeed safer than banking because all transactions from bitcoin can be seen and can be tracked by everyone because all transactions from bitcoin are recorded on the blockchain so that all assets are safe and all transactions can no longer be confidential.

To be honest, I would pick banking over cryptocurrency and bitcoin investments. It's just the 'fight or flight' instinct in me that kicks in. As much as I want to put my work savings on bitcoins, I won't because it's too much of a risk to place the entirety to bitcoins.

I think bitcoin is not safe enough compared to banks, because banks have been regulated by the state and the responsibility is greater if there is a transaction error or other
not with bitcoin if it's just one letter then the coin goes into someone else's wallet without responsibility