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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
skylighters
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August 31, 2016, 12:08:29 AM
 #2861

bitcoin wallet is way better because it allows me to hold bitcoins safely
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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August 31, 2016, 12:34:14 AM
 #2862

I would say Bitcoin wallet as it is so much more accessible haha
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August 31, 2016, 01:47:06 AM
 #2863

bitcoin wallet is way better because it allows me to hold bitcoins safely

You are right with it bitcoin wallets are really safe if you are going to hold your bitcoins there. And why you are just going to choose only bitcoin wallet if you could choose to use both of it. Because using both of it bank and bitcoin wallet is going to benefit you if you are going to use them both and you know how to use them both.
It is not safe all the time if you are not being careful, you have to strengthen the security of your account in order for you to ensure that it will be hard for the hacker to crack your information, remember you are holding a big amount and you will regret in the future if it will all be gone.
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August 31, 2016, 02:54:09 AM
 #2864

Totally choose bitcoin wallet...easy, smooth..and the transaction fee also low, bank have so many requirement...
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August 31, 2016, 03:46:30 AM
 #2865

Totally choose bitcoin wallet...easy, smooth..and the transaction fee also low, bank have so many requirement...
Banks has more requirements because it is safer compared to bitcoin, putting your money in bitcoin wallet is a form of investment but if you are saving, maybe bank is the right venue to save your money, banks offers insurance so any loss of money will be refunded.

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jerowacik
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August 31, 2016, 03:57:57 AM
 #2866

Totally choose bitcoin wallet...easy, smooth..and the transaction fee also low, bank have so many requirement...
Banks has more requirements because it is safer compared to bitcoin, putting your money in bitcoin wallet is a form of investment but if you are saving, maybe bank is the right venue to save your money, banks offers insurance so any loss of money will be refunded.
\so true . bank security is guaranteed because the bank has a level of security and guarantees higher. banks are also monitored and always given more attention by the government of a country.
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August 31, 2016, 04:09:02 AM
 #2867

Bitcoin wallets allow a greater deal of control over funds, while bank accounts often offer insurance on funds. At a practical level, there are strengths & weaknesses to either approach.
gAtOtkOcO
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August 31, 2016, 04:29:43 AM
 #2868

I think use of bitcoins wallet instead of bank wallet is good. beacuse with the use of bitcoin wallet we remain always independent to spent money anytime anywhere without tax. using bitcoin wallet we can send money everywhere anytime without any problem. thus we can say that use of bitcoin wallet is more efficient for the use of own currency without limit.
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August 31, 2016, 04:35:46 AM
 #2869

Bitcoin wallets allow a greater deal of control over funds, while bank accounts often offer insurance on funds. At a practical level, there are strengths & weaknesses to either approach.
yes you are right bitcoin wallets allow more transaction in one day and it is easy to use than bitcoin account you can also use bitcoin anonymously because the address the only who is showing if you are going to send or transact someone and for the banks you need to update your account
Saigon_Bitcoin
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August 31, 2016, 04:37:38 AM
 #2870

For now i will choose bank. Because for daily use i used fiat for transaction and not many people using bitcoin. But maybe in the future when everybody use bitcoin i will choose using bitcoin.
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August 31, 2016, 02:37:11 PM
 #2871

For now i will choose bank. Because for daily use i used fiat for transaction and not many people using bitcoin. But maybe in the future when everybody use bitcoin i will choose using bitcoin.
if i had a chance i would definitely not use banks to be honest because bitcoin wallets are way better as they allow you to safely keep money

 
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livinglegend
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August 31, 2016, 06:43:33 PM
 #2872

The banks offer you a lot of services that may drain your money. The fees depend on the banking service you use, of course. These things do not happen with bitcoin though.
richardsNY
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August 31, 2016, 06:59:52 PM
 #2873

For now i will choose bank. Because for daily use i used fiat for transaction and not many people using bitcoin. But maybe in the future when everybody use bitcoin i will choose using bitcoin.
if i had a chance i would definitely not use banks to be honest because bitcoin wallets are way better as they allow you to safely keep money

The safety of your wallet files depend on you, and not your wallet client. Its not that when you use a Bitcoin client that your holdings are secure. You are responsible for that. PC security, not downloading weird stuff, not visiting shady websites. All things you have to look out for when it comes to safety.
gerXhonza
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August 31, 2016, 07:25:42 PM
 #2874

The banks offer you a lot of services that may drain your money. The fees depend on the banking service you use, of course. These things do not happen with bitcoin though.

We need both of them, I have a real life business and my business transactions are dependent on banks and I also get business  loans from bank in huge amount depend on my transactions which is not possible with bitcoins.
BitcoinPaw
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August 31, 2016, 09:12:44 PM
 #2875

Bitcoin wallet is something new for me and it's good, but anyway banking system is trusted and interesting but now so good for people who is working with cryptocurrencies.

skylighters
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August 31, 2016, 09:17:59 PM
 #2876

banks are really bad to be honest thats why i use as much bitcoins as possible
techfm86
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August 31, 2016, 09:18:24 PM
 #2877

I would choose btc wallet, because it is more secure and also easier to use, from my point of view.
Add the fact that you have more control over your own funds.
madwica
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September 01, 2016, 03:46:57 AM
 #2878

I would choose btc wallet, because it is more secure and also easier to use, from my point of view.
Add the fact that you have more control over your own funds.
Do not say it is much secured than bank that is not correct because bank has a insurance of your money while in bitcoin there is no assurance if your money will take you out in your wallet that is risky.
But i have both, bitcoin is for investment while bank is for my lifetime saving of my money.
ImHash
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September 01, 2016, 04:09:23 AM
 #2879

I would chose bitcoin wallet as long as it's a desktop wallet where I can control my coins.
When you think about it it's the best thing to do just turn your fiat in to bitcoins and be your own bank on your own computer or any other device you use.
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September 01, 2016, 04:25:41 AM
 #2880

I would chose bitcoin wallet as long as it's a desktop wallet where I can control my coins.
When you think about it it's the best thing to do just turn your fiat in to bitcoins and be your own bank on your own computer or any other device you use.

Still, I feel banks are better secured, and it is just my opinion. Also, I don't keep all my money in the currency which is fluctuating quite a lot on daily basis. But I consider bitcoin as an investment option and put some of my money into it and enjoying the profits and never even think of keeping all my money in bitcoins.
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