Bank or Bitcoin Wallet?

[carlisle1]

I dont know what is really better betweenthe two but I think I would prefer a bank because not all the time my money would be safe if it would turn into bitcoin and placed on bitcoin wallet if ever my money lost because of the security malfunction the dev of the bitcoin wallet will never be responsible for the lost not like in the bank they would pay if ever they have lost the security on my money .

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[madwica]

I dont know what is really better betweenthe two but I think I would prefer a bank because not all the time my money would be safe if it would turn into bitcoin and placed on bitcoin wallet if ever my money lost because of the security malfunction the dev of the bitcoin wallet will never be responsible for the lost not like in the bank they would pay if ever they have lost the security on my money .

I think you already answer what is the best between the two and you choose what is the best the BANK because it has a security what ever bad happen comes to the bank your money will get back because of the insurance while in bitcoin you also correct the dev of bitcoin wallet are not responsible for the lost that is why it is too risky to store money in bitcoin wallet.

[mirakal]

I dont know what is really better betweenthe two but I think I would prefer a bank because not all the time my money would be safe if it would turn into bitcoin and placed on bitcoin wallet if ever my money lost because of the security malfunction the dev of the bitcoin wallet will never be responsible for the lost not like in the bank they would pay if ever they have lost the security on my money .

I think you already answer what is the best between the two and you choose what is the best the BANK because it has a security what ever bad happen comes to the bank your money will get back because of the insurance while in bitcoin you also correct the dev of bitcoin wallet are not responsible for the lost that is why it is too risky to store money in bitcoin wallet.

Bitcoin is only for the risk takers people, and even though they are risk taker they know how to calculate the risk and considered bitcoin is a form of investment rather than savings, if your intention is only to save then you go directly to the bank as it is more safer.

[sobsitesearch]

I dont know what is really better betweenthe two but I think I would prefer a bank because not all the time my money would be safe if it would turn into bitcoin and placed on bitcoin wallet if ever my money lost because of the security malfunction the dev of the bitcoin wallet will never be responsible for the lost not like in the bank they would pay if ever they have lost the security on my money .

I think you already answer what is the best between the two and you choose what is the best the BANK because it has a security what ever bad happen comes to the bank your money will get back because of the insurance while in bitcoin you also correct the dev of bitcoin wallet are not responsible for the lost that is why it is too risky to store money in bitcoin wallet.

Bitcoin is only for the risk takers people, and even though they are risk taker they know how to calculate the risk and considered bitcoin is a form of investment rather than savings, if your intention is only to save then you go directly to the bank as it is more safer.

That is correct that bitcoin is not form of saving money it is an investment that is why the risk on bitcoin is too high because this have no insurance what ever happen if your bitcoin will lost no one will be accountable you money will never been back. That is why we recommend to save your money in the bank is much secured.

[saiha]

I dont know what is really better betweenthe two but I think I would prefer a bank because not all the time my money would be safe if it would turn into bitcoin and placed on bitcoin wallet if ever my money lost because of the security malfunction the dev of the bitcoin wallet will never be responsible for the lost not like in the bank they would pay if ever they have lost the security on my money .

I think you already answer what is the best between the two and you choose what is the best the BANK because it has a security what ever bad happen comes to the bank your money will get back because of the insurance while in bitcoin you also correct the dev of bitcoin wallet are not responsible for the lost that is why it is too risky to store money in bitcoin wallet.

Bitcoin is only for the risk takers people, and even though they are risk taker they know how to calculate the risk and considered bitcoin is a form of investment rather than savings, if your intention is only to save then you go directly to the bank as it is more safer.

That is correct that bitcoin is not form of saving money it is an investment that is why the risk on bitcoin is too high because this have no insurance what ever happen if your bitcoin will lost no one will be accountable you money will never been back. That is why we recommend to save your money in the bank is much secured.

For me, I'm treating bitcoin is the same with real money and I'm saving it to my bitcoin wallet and upon selling it that equivalent fiat money I'm saving it to my savings bank account.

That's why they are both important to me because they are giving me both convenience and good benefits upon using their services.

[jakelyson]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

But that's right the exchange site is like a bank but need to underline if you losing your funds in them, whether a guarantee for that? because that is very important. 


traders I prefer to leave their coins in exchanges because they consider about the fees they will get if making any transaction. maybe just a little but for a long time it's very enough amount.

With what have happened to bitfinex, I think we should all be warned in leaving money in exchange sites. It is better to store them on cold wallet so they will not be lost or hacked. We should protect our hard earned bitcoins and not leave them on third party wallets or exchanges.

[freedomgo]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

But that's right the exchange site is like a bank but need to underline if you losing your funds in them, whether a guarantee for that? because that is very important. 


traders I prefer to leave their coins in exchanges because they consider about the fees they will get if making any transaction. maybe just a little but for a long time it's very enough amount.

With what have happened to bitfinex, I think we should all be warned in leaving money in exchange sites. It is better to store them on cold wallet so they will not be lost or hacked. We should protect our hard earned bitcoins and not leave them on third party wallets or exchanges.

Well, that is the risk but for the exchange sites, they need to improve their security and maybe provide insurance for the members to regain the trust of the people, sometimes traders does not anymore transfer their bitcoins to their cold wallet for them to be comfortable in trading as they do not need to transfer all the time.

[needyou]

Bitcoin wallet would be my first choice. To me a wallet is like a bank where I can deposit or withdraw my btc at will at anytime.

[BlueStackz]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

But that's right the exchange site is like a bank but need to underline if you losing your funds in them, whether a guarantee for that? because that is very important.  


traders I prefer to leave their coins in exchanges because they consider about the fees they will get if making any transaction. maybe just a little but for a long time it's very enough amount.

With what have happened to bitfinex, I think we should all be warned in leaving money in exchange sites. It is better to store them on cold wallet so they will not be lost or hacked. We should protect our hard earned bitcoins and not leave them on third party wallets or exchanges.

Well, that is the risk but for the exchange sites, they need to improve their security and maybe provide insurance for the members to regain the trust of the people, sometimes traders does not anymore transfer their bitcoins to their cold wallet for them to be comfortable in trading as they do not need to transfer all the time.

Everything will eventually fail, it's inevitable. We're not all perfect and something will always happen.
It is your own risk to store bitcoins in an exchange, there has been plenty of warning not to, and people always ignore it.

[Achargeturry78]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

i agree with you because you gonna hold you bitcoin in that exchange website where you can sell your bitcoin or exchange your bitcoin into fiat so that in future you can use it , like here in my country (for me ) im using one of the best bitcoin wallet ever because we can easily sell our bitcoin and then they going to deposit our money in bank

[Sidas_Crew669]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

But that's right the exchange site is like a bank but need to underline if you losing your funds in them, whether a guarantee for that? because that is very important.  


traders I prefer to leave their coins in exchanges because they consider about the fees they will get if making any transaction. maybe just a little but for a long time it's very enough amount.

With what have happened to bitfinex, I think we should all be warned in leaving money in exchange sites. It is better to store them on cold wallet so they will not be lost or hacked. We should protect our hard earned bitcoins and not leave them on third party wallets or exchanges.

Well, that is the risk but for the exchange sites, they need to improve their security and maybe provide insurance for the members to regain the trust of the people, sometimes traders does not anymore transfer their bitcoins to their cold wallet for them to be comfortable in trading as they do not need to transfer all the time.

Everything will eventually fail, it's inevitable. We're not all perfect and something will always happen.
It is your own risk to store bitcoins in an exchange, there has been plenty of warning not to, and people always ignore it.

Exchange sites did better used just for trading, and after that we have to quickly move all the funds that we use for trading (when finished) in order not to experience it. This may be a bit of a drain of funds we have, but this is the best way to secure a bitcoin

[greatr]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

i agree with you because you gonna hold you bitcoin in that exchange website where you can sell your bitcoin or exchange your bitcoin into fiat so that in future you can use it , like here in my country (for me ) im using one of the best bitcoin wallet ever because we can easily sell our bitcoin and then they going to deposit our money in bank

from now on it is better to hold your money only in your own storage and nowhere else, i think it is the best decision that you could ever do

[serjent05]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

i agree with you because you gonna hold you bitcoin in that exchange website where you can sell your bitcoin or exchange your bitcoin into fiat so that in future you can use it , like here in my country (for me ) im using one of the best bitcoin wallet ever because we can easily sell our bitcoin and then they going to deposit our money in bank

from now on it is better to hold your money only in your own storage and nowhere else, i think it is the best decision that you could ever do

I agree it is the best option to let you have full control of your money.  there are lots of things that happen when you store your money to banks or other people.  It might be gone before you know it.  Bank sometimes goes bancrupt and the amount refundable is very limited that those who have a huge amount of money deposited in it can just get a fraction of that money.

[Kimi80]

 I have both in this moment, who would say? Year ago I didn't know nothing about bitcons, now I have wallet and few dollars in there.

 Its easy choice I have bank account and I use it in my country where ever I wish, bitcoin wallet is still developing, I use it to keep my earnings there. I still didn't use it to buy things or earn even more. Bank card worth much more to me, I don't know what would I do without it.

[coszy]

 I have both in this moment, who would say? Year ago I didn't know nothing about bitcons, now I have wallet and few dollars in there.

 Its easy choice I have bank account and I use it in my country where ever I wish, bitcoin wallet is still developing, I use it to keep my earnings there. I still didn't use it to buy things or earn even more. Bank card worth much more to me, I don't know what would I do without it.

The more people are voicing their wishes or dreams about bitcoin as the main billing currencies of the world. It's no doubt that the future of digital currency, but to what extent is the question.

[Yakamoto]

 I have both in this moment, who would say? Year ago I didn't know nothing about bitcons, now I have wallet and few dollars in there.

 Its easy choice I have bank account and I use it in my country where ever I wish, bitcoin wallet is still developing, I use it to keep my earnings there. I still didn't use it to buy things or earn even more. Bank card worth much more to me, I don't know what would I do without it.

The more people are voicing their wishes or dreams about bitcoin as the main billing currencies of the world. It's no doubt that the future of digital currency, but to what extent is the question.

Bitcoin will more than likely only ever take a sort of reserve currency role in the future if it ever becomes a massive thing, and chances are it will never be a day-to-day currency due to the long transaction times (a majority of the time) and the assumed value Bitcoin would have to have to reach such a point. I just can't see something like that working to be honest, and Bitcoin will probably be used and accepted, just not used commonly.

[madwica]

 I have both in this moment, who would say? Year ago I didn't know nothing about bitcons, now I have wallet and few dollars in there.

 Its easy choice I have bank account and I use it in my country where ever I wish, bitcoin wallet is still developing, I use it to keep my earnings there. I still didn't use it to buy things or earn even more. Bank card worth much more to me, I don't know what would I do without it.

The more people are voicing their wishes or dreams about bitcoin as the main billing currencies of the world. It's no doubt that the future of digital currency, but to what extent is the question.

For the securities of your money you should choose the bank but if you are risk taker you also invest in bitcoin but you should only invest how much you afford to loose. If you have that two i think you will have great profit in long run.

[tabas]

 I have both in this moment, who would say? Year ago I didn't know nothing about bitcons, now I have wallet and few dollars in there.

 Its easy choice I have bank account and I use it in my country where ever I wish, bitcoin wallet is still developing, I use it to keep my earnings there. I still didn't use it to buy things or earn even more. Bank card worth much more to me, I don't know what would I do without it.

The more people are voicing their wishes or dreams about bitcoin as the main billing currencies of the world. It's no doubt that the future of digital currency, but to what extent is the question.

For the securities of your money you should choose the bank but if you are risk taker you also invest in bitcoin but you should only invest how much you afford to loose. If you have that two i think you will have great profit in long run.

Well we can't deny that there are security interrupt in both of it even in bitcoin wallet or bank. Because their eyes are after the money that they are going to enjoy it. But good about the banks are that they have insurance and you have the rights to blame them if someone penetrated to their system it is their negligence.

[bamboylee]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

i agree with you because you gonna hold you bitcoin in that exchange website where you can sell your bitcoin or exchange your bitcoin into fiat so that in future you can use it , like here in my country (for me ) im using one of the best bitcoin wallet ever because we can easily sell our bitcoin and then they going to deposit our money in bank

from now on it is better to hold your money only in your own storage and nowhere else, i think it is the best decision that you could ever do

That is what I learned too from what happened to bitfinex. Whether they have been hacked or they hacked themselves, I know we cannot trust others to hold or store our precious coins.

[danherbias07]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

i agree with you because you gonna hold you bitcoin in that exchange website where you can sell your bitcoin or exchange your bitcoin into fiat so that in future you can use it , like here in my country (for me ) im using one of the best bitcoin wallet ever because we can easily sell our bitcoin and then they going to deposit our money in bank

from now on it is better to hold your money only in your own storage and nowhere else, i think it is the best decision that you could ever do

That is what I learned too from what happened to bitfinex. Whether they have been hacked or they hacked themselves, I know we cannot trust others to hold or store our precious coins.

Yeah so I think more options on how to store bitcoin should be made. There is no guarantee specially when it is an.online currency wallet.