Bitcoin Forum

As a novice in crypto, I want to take enough time to learn more on how the market works before investing. But I'm really concerned on how to keep my money safe as I await the right time to invest.

Do you think it's better to save in stable coin like usdt or I should just keep the money in the bank?

You can get a domiciliary account and save in foreign currencies like dollar. Stable coins are pegged to fiat and they can lose their beg and value.

Save in local currency? That depends which country that you are. If you are in US, Europe spending Euro, or if you are in UK, Kuwait, Australia, Canada or other countries with better inflation, use your local currency.

If you are in counties like Turkey, Venezuela, African countries and part of Asia and South America, use domiciliary account.

Hold only the amount of money that you can afford to lose on stable coins.

In time like this when bitcoin price is low, you can hold bitcoin instead. Bitcoin is the best if you can get it right. Bitcoin is a deflationary currency if compared with fiat.

Keeping your money in stable currency while waiting for the dip to invest in, is a very brilliant idea. Most times our local currency undergoes inflation which will tend to affect your investment.

It's wiser to store your funds in USDT so you have the flexibility to trade whenever you want. If you place your money in a bank, you'll need to go through the process of transferring it to an exchange, which can be time-consuming. Additionally, keeping your funds in a bank for an extended period could be impacted by inflation, though this depends on your currency. Currently, USD is recognized as a robust currency.

I'm not saying it's safe; it's just more convenient over safety. Putting money in the bank is safer than in an exchange, so you also need to minimize the risk by not putting everything you have. In short, make the right game plan, as trading is just like a game. Consider all the necessary risks before thinking of the reward.

I think there are a lot of factors to consider here:

- The country you're from
- Whether your bank is crypto-friendly or not
- The amount of money you're storing

If say you're storing a large amount, and the bank is not very crypto-friendly, do you really want to keep your money in the bank and then buy crypto all at once when it's "the right time" for you and risk having your transactions blocked, and possibly your account frozen?

If your country's economy is not doing well, do you really want to keep it at the bank in your local currency?

But this is not to say that stablecoins are safe. If anything, it's the opposite and we've seen that multiple times in the last few months with different projects: USDC, Terra's USD, DAI, de-pegging (even if it's for a small period of time).

To be frank, non is the safest, you keep money in the bank, and those bastards will slowly steal from you, and your money gets shrunk over time and also inflation makes your money to become valueless over time.

For stablecoin, they can depegged when you least expect it, even if you choose the biggest of them all USDT you will need to stay alert and signup for some crypto news alerts, so that you can escape quickly before things get worse.

I use USDT and DAI as my stable coin and I prefer these to my bank account, but that's just me, both have their disadvantages, and you need to choose a side depending on what you are trying to escape from.

In respect to what other members have said regarding the country's local currency in question, here in my country, the naira is not stable at all. The price is floating, going down every day by day, and sometimes it acts as if it's beginning to gain back value, but it's not.

For me, who doesn't have a domicillary account, I prefer to save any money that I'm not yet making use of on my stable coins, which I still believe are not that stable as they lose value sometimes, but I find it safer to use my local currency, as I can be rest assured that I'm a bit converted over the fast rising inflation. And when the local currency loses a bit of value, I can gain the same amount of value when exchanging the USDT.

The choice of savings and where to save should be dependent on what you are saving for and when the funds are going to be used.

I think this is the right time to invest, especially investing in bitcoin, considering that the price of bitcoin is in a difficult state to move like it is today. The exact time that I have in mind if I want to invest in crypto is not certain when it will happen. But when the market is red due to a decline, that's when it's the best time to buy.

If your current version isn't the right time to invest and you think the right timeframe won't be far off, just store in a stablecoin like USDT. When you think the time has come, you can buy with the BTC/USDT pair.
Because for a long time, I dare not guarantee that stablecoins will be safe.

If you're thinking of investing your money, then have them in bitcoin, bitcoin is the best means to invest and still hodl your money for a profitable investment over time, if you have your money in stable coins, it will be fixed and will not increases because of being pegged with USD rate, but inflation will affect the rate of the worth with time while in bitcoin cannot be affected because your money will increase on a volatile cryptocurrency like bitcoin and it's value as well will increase together, don't ever make the mistake of holding in fiat, you will loose rather rate instead of earning over it.

There are more ways to save you money than the options you think you have. I assume that since you have come here you need our opinion form the crypto point of view.

It doesn't matter which country you reside it, eventually, the value of your currency will diminish. As a crypto supporter the best way to save money is in bitcoin. But please you need to put in the effort and read. Do not just dump all of your money into bitcoin because we have said so. You need personal conviction which you can get by doing your own research. Nobody else will do this for you.

Stable coins are pegged to fiat USD which isn't good because when it is depegged,you funds will be useless. This is the only reason why I dislike stable coins. My country currency is very small compared to the USD and do depreciate over USD most times. This is the reason why I will save with a domiciliary account where I can convert my local fiat currency to USD and keep in my account, so that I can use it to wage the inflation in my country that is telling on my local currency. This way when ever I want to by bitcoin,I can use it to buy bitcoin when the price dips. However,it depends the country that you are like those people that are in Europe and England,no need for a domiciliary account just save in your bank

Stablecoins most of them are centralized and we never know when it will bust but for years USDT has still there so as an assumption if you are storing money for few months then stable coins can be the best choice.

If you are planning to keep more than a few months then stable coins are risky so you have to choose fiat there are fiats which is highly unstable so if you are from one of those countries then just buy the gold bonds with your money and when you see the right time to buy BTC then you can simply sell the gold bonds at the current market value and buy BTC with that money.

Both the idea of keeping your fund in USDT or your bank are not safe because they both practiced centralized mechanism which give the team involve the power to confiscate your fund anytime they wanted.  I will advise you save in Bitcoin especially now that the market is in the downtrend season before the halving effect market.

Since you will be dealing with crypto investment shortly I advise you to save your money in USDT or the Binance dollar but if your country's currency has a good value against the dollar you can save in your local currency.

Remember not to save your money in centralized exchanges, and do not share your wallet seed phrase, and private key with anyone to avoid losing your asset

Depends on your local currency, but both work the same. If your currency is strong and in high demand like Euro, Yuan, or Singapore Dollar keeping your local currency is not bad less risk compared to stablecoin, which might crash instantly like UST (TerraLuna). But if you have less strong currency keeping USDT to maintain your portfolio value in a short-term is better.

Stable coins are not safe and it's risky to store your capital in stable coins.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0)

Fiat currency is safer in my opinion because they are inflationary but can not depeg quickly like stable coins. It's true that storing your fiat currency in bank account is risky too.

However if choosing between stable coin and fiat currency, I choose fiat currency.

In my opinion, both are almost in the same category of risk, and having known that presently you can't do without fiat currency and stablecoin due to moving your funds back and forth, I will consider having a percentage of my wealth first stored in Bitcoin, a little in fiat, and another in the stablecoin, in case of any devastating or contagion event in the future I won't lose almost all my entire wealth in the cost of storing my funds only in one currency (fiat/stablecoin) and this is just my perspective or how I view it.

My candid advice to you is very simple, Cryptos are getting cheap daily, I guess it's time you buy, and you may also want to diversify your portfolio. You can start DCAing from this moment, but I must warn you that at least 40% of your total investment budget should be involved by now if you wouldn't want to painfully miss out. It's just advice.

But if by any chance your speculation and gut tell you to wait, I advise you to save the money in the bank, but must be domiciled in the USD if possible in your country. Don't forget that USDT is a centralised entity, by this, it will serve the same purpose as being in the bank.

Except in the bank, you are not controlling it online yourself or putting it in the custody of a less trusted company online which indicates better safety.

To be honest, stablecoins are not risk free, in the past few months we have seen many stablecoin depegged incidents and the biggest incident happened in Luna, Ust. So if you store your money in such a stablecoin then if something unexpected happens then your money will become useless. Then you must keep these risk factors in mind.

On the other hand, you have to keep one thing in mind about keeping money in local currency in the bank, which country you are staying in, and in which currency you are depositing in the bank. Because if the rate of inflation in your country is very high then the value of your money will continue to decrease, at some point you will see that the value of your money will decrease a lot which will be beyond your expectations. So if you want to keep money in the bank, you should keep it in strong currency which is at least stronger than your local currency like USD, Euro. My opinion is that you can keep money in both ways but my advice is to split your money to Stablecoin USDT or keep local currency or USD, Euro in the bank to reduce the risk.

If you're from a country with a devalued currency to the USD it will be better you save in stable coin like the usdt. In my opinion you shouldn't save it in a domiciliary bank account as other members has opined, domiciliary account opening the process is usually tiring with kyc requirements from the banks. A better advantage is to use a decentralized exchange that's kyc free without a questionable reputation and good security system in saving your to stable coin. You may curious why Dex? It's for privacy protection for those who which to keep their personal data away from the public.

Inflation of fiat currency affects stablecoins as much as it affects money saved in a bank. My bank offers 2% per year for USD deposits, and with USDT you get nothing. Stablecoins are all centralized, so I'd rather store fiat currency in a bank than in a stablecoin - banks are regulated by the government, they can't as easily take money and run as crypto companies.

The best strategy is to diversify your fiat holdings. Use USD and EUR and maybe a few other strong currencies, have both cash and a bank account. Maybe some small amount of USDT as a backup. Have accounts in a few different banks.

Saying either of the two is almost the same since a stable coin is pegged with USD. Well, when you decided to buy Bitcoin then you will do the same which is to pay fiat the receive crypto and also in stable coins to Bitcoin for example where you pay your stable coins to receive Bitcoin. Saving local currency would be the safest of the two because it is still a crypto and that means there's still risk when you are saving it just like other cryptocurrency.

Yes. you are right, if our country is doing well, it's not in crisis, it's better to save your money in Local Currency but, if conditions are like a country experiencing a crisis, it is highly recommended to choose and save in the form of stablecoins and the choice is up to you, you can USDT or something else and for classic reasons other stablecoins are crypto investment choices too.

Then if you switch to investing. On exchanges, users usually use 2 options, namely a trading account and an investment account. So, for an investment account, if you save it for now, it's highly recommended. where you can use it to buy coins such as BTC with the Dollar Cost Averaging (DCA) strategy pattern or invest regularly in the same amount on a regular basis and also stablecoins are designed to have a value referring to certain commodity assets.

If you have set aside some of your money to start investing, then do it. You don't have to wait for the right time, because the right time to invest is when you have funds.
if you are waiting for your money to accumulate in a certain amount you want. My advice is still to save your fiat money. do convert it to a stable asset, but keeping it on exchange is also not a good option.
once your money is collected, make an asset purchase and withdraw it to your personal wallet. Hold on until your target plan is met.

Before your investment plan runs or while waiting for a suitable price to enter the market, the best choice in my opinion is to save money in stablecoins. Other factors as a support depend on where you live, but if you want to play it safe you have to be able to make the best choice to save money.
Stablecoins can maintain the stability of the value of your money, whereas fiat may shrink in value due to not being resistant to inflation. During the waiting process, avoid storing assets on a centralized Exchange, the stablecoins that you have held can be stored in a Wallet that you can control the private key.

If you want to save in stable coin, make sure the coin is decentralized, currently the the most liquid decentralized stable coin is DAI.

Saving in local currency can be safer because you're already use it for entire of your life and banks are regulated by the government, but it depend on your local currency, if you hold Argentine Peso it's bad since the inflation rate is really high.

You need to find a trusted digital bank that give you a way to buy USD, Euro etc. Don't use PayPal or Payoneer, it's not good for long term holding.

OP, as someone who's still learning, I think the safest way to hold onto my money is by using stable coins. They're like a modern version of saving in dollars, digitally stored in a coin that's tied to the value of the US dollar. This way, I don't have to worry about sudden price swings. Plus, I keep it stored securely on my own, so it doesn't matter if banks or crypto exchanges have problems. My money is finally secure.

I have an article that shows you the leading stable coins of 2023. You should do your own research (DYOR) to learn more about each one individually.
Read here
 (https://moneymade.io/learn/article/fantom-opera)

It may be decentralized (debatable), but the real problem is that it is not fully collateralized. In contrast, DAI is over-collateralized.

I think the most safest option to save your money is in Gold. In term of saving in local currency if your country has high inflation then saving it in local currency is a bad idea. As for stable coins, it has disadvantages too. It can be depegged. Also if you think of using any CEXs, don't!  Because you can loss your assets anytime. It can be easily frozen. So for me I would choose neither.

Apart from saving I think you should start investing. Holding BTC was the best option for me. You should do your own research before any investment.

Difficult question indeed. Saving currency in banks doesnt give you benefit due to low interest and while putting in stablecoin means you are prone to the possible negative things that could happen on usdt if ever something happened. But if you are using stablecoins in defi you could gain more than saving in the banks.

So to answer the question maybe to be safe allocate your fund to crypto and stables and used that and also save some on bank for emergency purposes. The allocation defend on your risk apetite.

Mind you that hodling stable coins is not investing, your money doesn't accrue any return. The issuing corporation just pegs your money to a fiat currency or to another cryptocurrency, and it can be depegged at anytime or the issuing corporation can become insolvent and thus your stable coin becomes useless.

I'd definitely save my money in the bank than in a stable coin, a bank has more security and insurance of funds, meaning that if the bank collapses, you will get at least a certain amount of your money back; all of these doesn't exist in stable coins and it is even easier for a stable coin to fail than for a bank.

Well, it's kind of investing because it has the bad side of investing, that you can lose what you invest, but it doesn't have the good side, that you can make money. Let's look at cases like TerraUSD (UST) as examples of this.


I prefer the bank and a little cash on hand at home, but as has been said, the answer depends very much on your personal situation. If you live in a place where you don't trust banks very much, or if you trade cryptocurrencies, you should have at least part of your savings in stablecoins.

What if you did both, saving in stablecoins and keeping the money in the bank? It will be better for you because you can live with cash in your savings. And you can also invest your stablecoins to buy the coins you want.

At least you have two plans that can go together where your investment, if you choose to invest in Bitcoin, you can get a good return in the future. And you also don't need to worry about how you live your daily life because you have savings in your bank that you can use to buy daily necessities.

But those are only suggestions. You need to choose them because they are your money. But whatever you decide to do, you have to know what the risks are and be able to think about how to deal with those risks.

People should know that most of the so-called stablecoins are not stable or secure in the way they think, and someone has already posted a link to a topic that makes it clear that most stablecoins can be frozen regardless of the wallet they are in. Now the question arises whether someone will take a risk and keep stablecoins, or will take a risk with fiat currencies, which for me are still safer in the sense that they are backed by states and central banks (with some exceptions, of course).

Any way you look at this question is a matter of risk assessment, I would still choose some fiat like Swiss Franc or Euro much more than any centralized stablecoin.

It is of a choice you can save in usdt if you think your wallet is very secure and safe to keep funds, bank is also cool while saving money but it all depends on your country currency against trade with usdt.
What i mean is that, if your currency keeps depreciating over dollars then holding in usdt will be ideal than your local currency because when you save in usdt and you want to convert to your currency (fiat) you could get more profits along the line. But since you said of investment then leave it to be in usdt for easy access otherwise leave it in bank may require addition stress during conversion processes.

All comments are pretty much regurgitating same thing. If I was you, I would spot purchase Ether, leave it in self-custodial wallet and check back couple years later with profits harvested in USDC, I trust it more than USDT, reasons unknown.

I see no reason to stay in fiat/stable-coin at current prices, it's time to dive-in.

Both usdt (any other stablecoin) and money in the bank have significant drawbacks.

Keeping all your money in usdt or money in the bank would be a little reckless, so the best solution I think is to divide your savings into parts. For one part buy usdt because it allows you to quickly buy crypto on any platform. Although with traditional money (electronic), thanks to online exchangers, it is also not a problem. All these usdt are subject to fluctuations and falls, and, moreover, significant ones. And keeping money in a bank is also not safe, because banks go bankrupt, clients' money is frozen, in general, there are also impressive risks.

Why should you wait for the right moment to invest? While waiting for the perfect entry point, you may be missing out on a good opportunity when it comes to investing in bitcoin, you can start doing it right now. In small portions, at intervals of time - just buy when you have free money and the problem of saving money while waiting for the right moment to invest will become irrelevant for you.

It all depends on which country you live in and, accordingly, what national currency you have. If you live in America, it is better to keep your savings in USD. If you live in a country where the national currency is subject to inflation, then you should keep your savings in USDT or another stablecoin, the value of which is pegged to USD.

There is nothing bad about your opinion. I see you are trying to be on the safe side which is not bad because no body would watch and see the value of their assets depreciate. You see if your local currency has lost its value and is declining it is best you save or convert to a stable coin and keep it under your watch. I believe smart traders does this too because it is a way of minimising or controlling loss.

However, if you feel like it is good taking advantage of the current market situations, you can opt for Bitcoin if you plan on holding for a long term that would give you time to make more profit while you watch your investment grow.

I would save my money in stablecoins rather than fiat because of the following reasons:

• The value of my local currency is constantly falling against the USD dollar, with inflation on the rise my savings in fiat might not really worth much. Having my savings in stablecoins, as the dollar is rising against the naira, it gives me the opportunity to get the current exchange rate whenever I have need for my money.
• Stablecoins have easy accessibility and usability. That cannot be said about fiats because banks sometimes do have network challenges and one could be denied of his funds whenever this occurs.
• The maintenance and transaction fees are just too much which might varies in different countries. Banks in my country charges monthly card maintenance fee, funds deposit and withdrawal fees and also they charge you a particular parcent for every transaction you make.

Fair enough, but mind you that the dollar isn't rising per se, because it is also affected by inflation, the thing is the Naira is falling faster than the dollar, or in other words it is in a worse situation that the dollar, thus when you compare it against the dollar, it then seems as if the Naira is dumping, whilst the dollar is rising (which actually isn't the case).
Stable coins are also centralized coins and you can be denied access to it, the issuers can actually freeze it in absolutely any wallet you decide to hold it in, and not to talk of the obvious fact that it can be depped at anytime.
There's nothing wrong in paying the service fees for these services you just mentioned.

I think that "the goal" is missing in this case from your equation.
what do you want to get from this type of saving?
Protect capital against inflation? earn interest expense? fear of problems related to the stability of your country?

I personally would avoid to hold value in stablecoins than in other ways. 
The absence of clear regulatory clarifications or international agreements is not an easy thing.
Moreover, not only are you trusting the stability of the FIAT sector, but you are entrusting yourself to a company that asks you to accept a ToS...

Well I see too many complications...

It depends on your preference because I don't see a difference between keeping your money in local currency and in a coin. Both serve as money because you can use either to invest, and keeping money in a bank account is very safe because the government controls it. Nothing will happen to your money. However, keeping money in a coin like the USDT is not also bad as long as you have a good wallet and are competent enough to keep your money safe. However, as a new member of the forum, I will urge you to leave your money in the bank, learn how to store coins, and also how to invest, as doing so would, in my opinion, be extremely safe for you.

I'm not saying that keeping your money in USDT is a bad idea, but as a beginner, you need to understand how to keep yourself safe. Many people have been scammed more frequently using their wallets than their banks, and most of the time, newbies are the ones who fall victim to these scams because they are the ones who are most likely to enter links that are sent to them by con artists. I thus suggest that you wait and store your money in a bank until you are confident that you are clever enough to hold a coin, at which point you can exchange it for USDT and invest your funds.

As things are right now (in today's reality) saving in Bitcoin, stablecoin or Domiciliary (dollar/pounds) are better options. With the level of inflation hitting us, here I talk as your compatriot, our local currency is taking a severe beating against foreign currencies. Keeping it in the local currency means devaluing it so to say. It loses value daily. Again, the banks have a kind of inexplicable kleptomania where pilfering of customers funds on sundry charges seems to be a second nature to them now. If kept in the local currency, one has banks and scammers to contend with, coupled with its losing value. Domiciliary isn't faced with all that. Scammers and banks steer clear of it. Bitcoin is on a steady rise as we're getting prep for a bull rally. So, the hedl Bitcoin is most likely to appreciate.

You could end up doing both. That way, if you want to trade or deposit into any crypto exchange, then you can easily use your stable coin without the hassle of converting it. Or if you want to save for your future or retirement, putting some of your money in a bank is a safer choice but never expect that you will get a higher interest added on your savings. At least, be cautious of the risk that these two brings so that you’ll not end up regretting. Learn how to manage those risks if your aim is to maximize whatever effort or amount you are putting into it.

It seems that you have a lot of faith in a cryptocurrency that is practically heavily centralized and based on POS, and something that can cease to exist at any moment if some angry bureaucrat in the US gets off on the wrong foot. The private companies behind such "products" are after all only private companies whose goal is only profit, and they do not have nearly enough resources and competence that for any reason you trust them more than some currency backed by a powerful government with its strong economy.


I don't see a reason for that since I found out that there is something much better than both of the above, but everyone chooses their own way of storing value - someone will say Bitcoin, someone $, someone else will invest everything they have in a herd of goats or sheep.

Truly, we learn everyday. I appreciate all the replies here. Thank you all.

My goal is also profit alone, and I don't think eth is going anywhere, time will tell.


I see more potential of profit in eth than btc, so I choose it and not Bitcoin. Regarding last statement, this forum is filled with Bitcoin maxis anyway, what are you implying?

I didn't even think that you had any other goal like most of those who are on this forum and outside it. In other words, you and others like you invest in everything that can bring you profit, regardless of how much these things are in their essence completely opposite to what Bitcoin represents.


I am more for the idea behind something than exclusively for the profit that can be realized only because something has the potential to be profitable. What I want to say is that we are not all here exclusively for profit, no matter how unreal it may seem to you and to all those who read.

Yes, I have something in my signature that I promote, but in the last 3-4 years I spent maybe 1-2% of everything that came from that source.

Thanks for the correction, I guess my explanation sucks. I meant to say the naira has gotten weaker over the years when compared to the US dollar. Back in the days way back to 1972, $1 was worth N0.65, but today one dollar is about N905, so you could see how weaker the naira has become.

The truth be told we cannot not do without fiat, we use it in most of our day to day transactions. I also know that both of them are centralized and stablecoins can be freezed as well but it's something that seldomly happens. In most case scenario, it occurs when a coin is stolen by a hacker. There are other coins I would like to use to save my assets like Bitcoin because it's decentralized nature but in comparison between stablecoin and fiat, I would keep more of my savings in stablecoins.

Don't you invest in alts? Don't you convert your profits to stable coins to later get back to btc? Do you just accumulate via sign campaigns and hold your btc in your wallet until death devours you and then in ghost realm you feel better by contributing to Bitcoin ecosystem by your HODL strategy (I'm not too sure, it just appears so from what you wrote)?

NO and NO - I think I was clear about what I think about altcoins, as well as the so-called stablecoins. I also wrote you very clearly that I am not here just for profit.


What comes from sig campaigns is more or less irrelevant in my financial picture, because I invested in BTC back when it was only worth a little more than $200, and these investments enable me today to pay for various goods and services in BTC. As you can see, not everything is as it seems, you can actively spend BTC and at the same time use it as an investment.

Keeping from both could still lose them value as you wait for the right time to invest and buy BTCitcoin. There are two descriptions of safety that you are asking. Safety from the volatile and safety from cons. If it's with stable coins, you'll still possibly gonna get hacked by a hacker/con and that's a safety issue. While the same goes from the banks if you're someone who doesn't care about your browsing activity and you're entering important details and likely to be a victim of phishing then you're not safety at all. I'm just expanding the safety measures and precautions that you probably don't know yet prior to your investing plans.

I would say, diversify.
I don't know where are you from but if your local currency is EUR, USD, GBP - you should be fine, if your country is.
The best plan would possibly be to split into 2 currencies (like euro and usd) and probably to keep some in stablecoins also. I would personally add a little bit of bitcoin, gold and silver. Maybe, invest some in stocks.

Anyway, make a plan, google, ask AI, watch youtube and diversify.
Split in like 20%-20%-20%-20%-20% and you should be SAFE.

If you are trading then you have to keep money in stable con and trade with them then you can calculate your profit.  However, if you want to hold your personal money through stablecoins, it may not give you a good experience and there are a lot of risks involved, so in this case, keeping money in a bank would be a logical thing to do. The price of Stable Coin is stable and if you exchange less dollars here then you will not find the difference here but if you keep more dollars then you will find some difference during the exchange because the price of USDT will drop to 0.99-0.98 many times. As can be seen, it does not stay that way for long. Also a popular StableCoin like UST has been seen to crash.  So in my opinion it is better to keep money in bank if you don't intend to invest

All you need to do is do some simple calculations to figure out where your money is best

Stable coin like USDT is pegged to the dollar so if there is inflation in your country you will not suffer because you have your money in dollars. In this case it will be better for you to hold stable coins. And now you get up to 3% interest if you stake USDT on Binance or other trusted platforms.  Which is much less than banks and with risk.  Because usually 5-12% interest is available from the bank, the interest is much better and keeping money in the bank is much safer than crypto assets. So if you want to invest in stable coin then it will not be logical now.  But if you want to put money in potential crypto assets like Bitcoin, they will give you more profit than banks but here you have to invest according to the risk.  So now you think to yourself where you should keep your money

Both stablecoin and local currency are centralized so both of them cannot be trusted because they are controlled by the exchange of the central bank. But I will choose a local currency especially if it is dollars, pounds, or euros. These currencies experience less drop in value and are relatively stable.  My reason for preferring to keep my money in the bank is that banks are insured by deposit insurance. This means depositors can get back their funds from the bank in the case of bankruptcy or financial problems. The accounts of commercial banks are regularly audited and open for public view but these exchange operations are sometimes kept secret from the public. The best option will be to keep your money in Bitcoin because it is under your control and has a history of price appreciation.

Brother, it really depends on which local currency you are talking about because as you the USD or other stablecoins in the market are pegger one on with the fiat money so to decide whether you should keep your money in the bank as local or keep your money in the crypto custodial wallet as USDC or any other stablecoin whatever you like.

A factor that most of the seniors and other fellows are mentioning and my view as well it is what is the inflation rate of your currency, If the inflation rate in your country is higher than the stable coin pegged with fiat that you are choosing then you can have a better position in stable coin because it will decrease the inflation as well it can open new door of the crypto market where you can even make good profit by efficient trades as buying BTC on the start of month and selling on a higher price when you need the money it can happen in reverse as well some be careful.

But the point is if you are holding stable coins you should prefer at least Holding a particular portion in BTC, if you have some skills you can prefer some risky investment as well. If you choose stablecoins to avoid maximum inflation and after that, you hold the BTC portion that will not be called only your savings, or Holding it can be an indirect investment. In a specific time like now, this investment can make 50% or 60% profit as well in a few upcoming months.

Haha this is how journey starts from the inflation mininzation to the crypto investment and making something good.