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peta4e
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October 15, 2016, 04:36:42 PM |
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A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
The advantage with bitcoin wallet is that you can have total control of your funds and you don't have to higher fees for transactions that you have to pay to banks and with banks you need to follow their guidelines strictly. This is truly a precise explaination regarding on those two things and i agree with this because bitcoin you have a full control on your money and regarding fund transfers it would really cost you a little small amount only compare on bank transfers but somehow bank are more secure for me in terms of storing your fiat though. That's true banks are more safer to save our money and the fact is the usage of fiat is higher at a moment in compare to bitcoins and for that we need banks for our day to day transactions in fiat. |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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BitHodler
Legendary
 Offline
Activity: 1526
Merit: 1179
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October 15, 2016, 05:12:00 PM |
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A wallet is more user-friendly and with better ease as well as privacy, With a bank there must be verification/restrictions and terms of use, with a wallet you can use and send your coins as much as you want, BTC is more with the no-central authority nature of BTC.
The advantage with bitcoin wallet is that you can have total control of your funds and you don't have to higher fees for transactions that you have to pay to banks and with banks you need to follow their guidelines strictly. With Bitcoin you indeed have full control over everything, but it's not that it's a whole lot cheaper compared to banks. If I take myself as an example, then everything I do within my country, is free of charge. I only pay a small fee of around €1 per month for my banking package that includes a bank card and an electronic device for my internet banking. That's all it costs me. |
BSV is not the real Bcash. Bcash is the real Bcash.
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vindicare
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October 15, 2016, 05:18:08 PM |
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bank as I can do refund if some hacking happen because the bank is responsible for not securing my account/money for any incident regarding loss of money in my account . Bitcoin wallet is secure as long as its offline and you dont have any save password on your pc that can access thru malware or some other viruses.
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mobilestrike
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October 15, 2016, 05:18:24 PM |
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if I have to choose I still choose for the bank because your money is insured if something happens and I also do not trust a unstable currency that can fall down on a day..
I think its too risky to do this!
That's true our money is more safe with the banks as if we our bank account gets hacked then banks will help us in recovering our money but the same is not the case with bitcoin wallet, once bitcoins lost its impossible to recover them. if a person will make the extreme security for his bitcoin wallet and will activate all the keys for strong security then itis not possible for someone even for a well trained hacker to hack your bitcoin wallet. So you can rely on bitcoin wallet. |
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pratap11
Member
Offline
Activity: 112
Merit: 10
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October 15, 2016, 05:25:23 PM |
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bank as I can do refund if some hacking happen because the bank is responsible for not securing my account/money for any incident regarding loss of money in my account . Bitcoin wallet is secure as long as its offline and you dont have any save password on your pc that can access thru malware or some other viruses.
I also have the same opinion and i am surprised that many people voted for bitcoin wallet,but yes if something bad happens we can go to bank and complain but in bitcoin wallet we dont know where are the owners and they in some other country so we cant do anything rather than just sending them emails. |
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CroIsBest
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October 15, 2016, 05:26:38 PM |
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First bitcoin walllet and then i start to earn huge mone then bank account but i will use both but faster can i send send to bitcoin account.
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Vikingr
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October 15, 2016, 05:32:05 PM |
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First bitcoin walllet and then i start to earn huge mone then bank account but i will use both but faster can i send send to bitcoin account.
Currently both are better as without banks we are unable to withdraw our bitcoins whenever we need to withdraw them for some usages and in the future if we get some places where we will be able to use our bitcoin for everything then we will not need to withdraw then and so we will not need any bank. |
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abonarea
Legendary
Offline
Activity: 1526
Merit: 1003
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October 15, 2016, 05:32:16 PM |
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There is not suitable situation to be only one side at this moment. I was using banking services and still keep using but I have cut a portion of my banking account and moved some funds into Bitcoin wallet. I would love to switch on to Bitcoin fully when it will be practically possible in future. There is not enough adoption and acceptance which is biggest hurdle in this regard.
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manyute
Member
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Activity: 76
Merit: 10
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October 15, 2016, 05:33:38 PM |
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As for now both because I can not handle all my things just with Bitcoin it is not sufficient for everyday payments.It would be pleasure and is more safer to be just on Bitcoin wallet but still I am dependent on banks for some more years.
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panjul07
Legendary
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Activity: 3472
Merit: 1352
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October 15, 2016, 05:53:50 PM |
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Bank would be my first choice because it is safe and legalized by the government. It means that it has better security, lets say if a bank is hacked then customer will not to worry about the money because there is a guarantee that customer will still get their money back. Unlike bitcoin wallet, once a bitcoin wallet is hacked then mostly all customer will lose their bitcoin.  |
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crairezx20
Legendary
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Activity: 1638
Merit: 1046
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October 15, 2016, 06:00:56 PM |
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As for now both because I can not handle all my things just with Bitcoin it is not sufficient for everyday payments.It would be pleasure and is more safer to be just on Bitcoin wallet but still I am dependent on banks for some more years.
You have the point honestly i have those both because if i put all my money into bitcoin we dont know how long bitcoin will live.. so some of my salary is in banks and for collected bitcoin is in bitcoin wallet just to save and collect for my future.. |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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October 15, 2016, 06:08:02 PM |
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Bank would be my first choice because it is safe and legalized by the government. It means that it has better security, lets say if a bank is hacked then customer will not to worry about the money because there is a guarantee that customer will still get their money back. Unlike bitcoin wallet, once a bitcoin wallet is hacked then mostly all customer will lose their bitcoin. If something happens with your bank, then it's indeed right that your money is secured, but it's only up to a certain amount which also depends per country. Here for example, my money is secured up to the amount of $50,000 and that's it. Everything above that amount will be gone. That's why people spread their money into various banks. |
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krishna1
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October 15, 2016, 06:15:14 PM |
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i will chose bitcoin wallets as because they offer a new level of security and faster than any bank and after all these i do not have to compromise any of my need it supplys all what i want its 100% sutable for my work
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kevinrio
Member
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Activity: 88
Merit: 10
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October 15, 2016, 06:20:23 PM |
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I think bank has its own value since we need money for day to day activities while BTC is needed for my online activities  and I love BTC |
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Superways
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October 15, 2016, 06:56:30 PM |
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First bitcoin walllet and then i start to earn huge mone then bank account but i will use both but faster can i send send to bitcoin account.
Currently both are better as without banks we are unable to withdraw our bitcoins whenever we need to withdraw them for some usages and in the future if we get some places where we will be able to use our bitcoin for everything then we will not need to withdraw then and so we will not need any bank. But for deposit we will need banks even in those times when everything will be available in bitcoins and when the government and other companies will start paying our salaries in bitcoins the we will be able to not to use banks anymore. |
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praprata
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October 15, 2016, 07:10:28 PM |
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Banks i don't trust they hold your money with a lot of charges and you need to ask them permission if you want to sent large amounts.
With bitcoin you got total freedom so yeah that is an easy choice for me.
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arransiv
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October 15, 2016, 07:21:49 PM |
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Banks i don't trust they hold your money with a lot of charges and you need to ask them permission if you want to sent large amounts.
With bitcoin you got total freedom so yeah that is an easy choice for me.
The bigger problem with banks is the taxes, I pay "a lot" for month, I said "a lot" because I don't use the account regularly and still have to pay this tax... The best option is use the two methods, banks and btc wallet, because banks can "steal" you and btc can disappear, so never put all your money just in one place. |
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The_Dark_Knight
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October 15, 2016, 08:21:14 PM |
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Bank is way more safe than a bitcoin wallet but I like bitcoin wallets more because bitcoin wallets give more freedom.
So in the end I'd choose for bitcoin wallets cause I like my privacy and freedom more than the safety of a bank.
Banks are not safer than a bitcoin wallet, your bank account funds can be stolen by thieves, the banks and governments, your funds in your bitcoin wallet can only be stolen by a thief. |
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Kalder699
Newbie
Offline
Activity: 42
Merit: 0
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October 15, 2016, 08:55:04 PM |
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I preffer bank.Tho im hooked up with bitcoins i think banks is still better thanbitcoins because bank is highly secured than bitcoin network or wallet.
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Dora Doll
Member
Offline
Activity: 84
Merit: 10
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October 15, 2016, 09:05:46 PM |
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First bitcoin walllet and then i start to earn huge mone then bank account but i will use both but faster can i send send to bitcoin account.
yes i also with you that both have tier own value and importance, as banks are use for fiat money and for s many other purposes where as bitcoin wallets have their own importance.we use it for keeping bitcoins. |
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