Bank or Bitcoin Wallet?

[dothebeats]

Sad to say but I'm still using banks for some reasons. I can't fully rely my spendings to bitcoin uet since I can't pay for medical bills if in case some emergency happens. That's the only thing I use banks for, emergency, but other than that, I use bitcoin (sometimes with third-party payment processors) and it's actually doing well for me.

Which country do you live in? It seems you can use bitcoin for many things.

The Philippines. I have some friends who sell goods for bitcoins and I usually avail those. Also, there are some intermediary payment processors here that I use for buying things.

[prodigy8]

Well if you want to use bitcoin through bitcoin debit cards then you should use both of them.
Banks and bitcoins, i prefer more to be my own bank - bitcoin wallet.
You almost can buy anything with bitcoin just sometimes you get discount sometimes you should have to pay more fees.

[dothebeats]

Well if you want to use bitcoin through bitcoin debit cards then you should use both of them.
Banks and bitcoins, i prefer more to be my own bank - bitcoin wallet.
You almost can buy anything with bitcoin just sometimes you get discount sometimes you should have to pay more fees.

I'm actually looking into getting a bitcoin debit card from a local exchange here. The only thing that's stopping me are the fees I might incur even when I'm not using it. Debit cards come in handy, especially if I don't have cash at hand and I need to buy something.

[fissionerosion]

i can probably tranfer bank to btc or btc to bank account just france banks.

[pooya87]

if you mean a bank for keeping my bitcoins there as i keep fiat, i say no. i want to be my own bank when it comes to bitcoin.
but if there were some sort of bank which was trusted and i wanted to keep a very large amount which they would insure in return and give profit to me, i might do it.

[prodigy8]

Well if you want to use bitcoin through bitcoin debit cards then you should use both of them.
Banks and bitcoins, i prefer more to be my own bank - bitcoin wallet.
You almost can buy anything with bitcoin just sometimes you get discount sometimes you should have to pay more fees.

I'm actually looking into getting a bitcoin debit card from a local exchange here. The only thing that's stopping me are the fees I might incur even when I'm not using it. Debit cards come in handy, especially if I don't have cash at hand and I need to buy something.

The bitcoin debit cards are good at least i consider good only for emergencies.
When you need the money in hurry/urgently then you have this debit card and could be better.
The fees are different from the providers but yeah the fees are that stops me too.

[RyanX]

Well if you want to use bitcoin through bitcoin debit cards then you should use both of them.
Banks and bitcoins, i prefer more to be my own bank - bitcoin wallet.
You almost can buy anything with bitcoin just sometimes you get discount sometimes you should have to pay more fees.

I'm actually looking into getting a bitcoin debit card from a local exchange here. The only thing that's stopping me are the fees I might incur even when I'm not using it. Debit cards come in handy, especially if I don't have cash at hand and I need to buy something.

The bitcoin debit cards are good at least i consider good only for emergencies.
When you need the money in hurry/urgently then you have this debit card and could be better.
The fees are different from the providers but yeah the fees are that stops me too.

We will use bitcoin cards first. When it is not convenient for us to use bitcoin card, we can use fiat cards.

[pilscoop]

Both.
I use my bank account for my day to day expenses and my bitcoin wallet for savings

[StarofBTC]

I thin :)k bitcoin wallet is the safest..... Transactions with hash encryptions and always will make out a secure and private environment for you where you can sit back and do transactions

[aso118]

I thin :)k bitcoin wallet is the safest..... Transactions with hash encryptions and always will make out a secure and private environment for you where you can sit back and do transactions

Some people might argue that insurance compensates for the safety aspects that you mention above.

[treeguard]

i would choose a bitcoin wallet instead of banks

[Arcteryx]

I hate the banks. Every year they increase their bank fees and come up with new and stupid ways to get you to give them more of your money.
They are clever but not geniuses. The informed clients of these banks will move their money to have it make more not less as the banks continue to gouge us all.

[Mickeyb]

I hate the banks. Every year they increase their bank fees and come up with new and stupid ways to get you to give them more of your money.
They are clever but not geniuses. The informed clients of these banks will move their money to have it make more not less as the banks continue to gouge us all.

Yes but we all are still condemned on using them. Bitcoin is still a bit risky and too volatile for me in order to put all of my savings into Bitcoin.

So until the day that Bitcoin will be a sure thing, I think it's very important that we all do a good risk management and that we invest just as much as we are comfortable. Of course, the rest or at least a part of my savings is still in my bank account.

[edric]

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

It depends how much money we are talking about and what kind of wallet?  If it is a paper wallet locked in a secure fire safe vault guarded by an army then I'd say a wallet.  If it is a digital wallet, then a bank that is insured by the FDIC.  I think banks have a very different agenda from Bitcoin holders who are benefiting from the long term fundamentals of the currency.  Banks are direct beneficiaries of a fractional-reserve currency system.

[RyanX]

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

It depends how much money we are talking about and what kind of wallet?  If it is a paper wallet locked in a secure fire safe vault guarded by an army then I'd say a wallet.  If it is a digital wallet, then a bank that is insured by the FDIC.  I think banks have a very different agenda from Bitcoin holders who are benefiting from the long term fundamentals of the currency.  Banks are direct beneficiaries of a fractional-reserve currency system.

Bitcoin can also be fractional-reserve currency. Banks can have 1 bitcoin and do 10 bitcoin borrowing/lending.

[hughsjack]

Unfortunately needed both, but I'd rather use Bitcoins

[lite]

Well if you want to use bitcoin through bitcoin debit cards then you should use both of them.
Banks and bitcoins, i prefer more to be my own bank - bitcoin wallet.
You almost can buy anything with bitcoin just sometimes you get discount sometimes you should have to pay more fees.

I'm actually looking into getting a bitcoin debit card from a local exchange here. The only thing that's stopping me are the fees I might incur even when I'm not using it. Debit cards come in handy, especially if I don't have cash at hand and I need to buy something.

Same i too don't want to pay a lot of fees for Bitcoin DC. i hope in coming days there will be some other Bitcoin Debit Card providers with lower fees/ no fees at all.

[WizKhalifa]

bank and bitcoin wallet

[imrannurhana]

for now bank is domination money.....
bitcoin is cheap and easy money transaction 

[tom555]

i choose bank,legalize is the only reason.