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Author Topic: Bank or Bitcoin Wallet?  (Read 230479 times)
kenot21
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March 17, 2016, 02:57:36 PM
 #1141

For me i prefer bitcoin because it gives me a full control of my money without having to worry about the bank if it run away or get bankrupt.
agustina2
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March 17, 2016, 03:51:02 PM
 #1142

Bitcoin
Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions.

You have credit cards? If none stop saying non sense here.

For your info, credit cards are not that way. Transactions are instant. If the system is not like that in your location then maybe the system is really outdated lol.
CasioK
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March 17, 2016, 04:17:06 PM
 #1143

Recently i have moved my saved money mostly to bitcoin, i have put 70% on bitcoin and 30% on my local bank for any emergency use, so currently i like more the bitcoin wallet, hope to get a bitcoin debit card soon which would be better.
bitcoin is better then banks because we can control fully our money. we don't need any ban's help to save our money and invest them. everyone is his own bank in bitcoin wallets. and now with debit card , using bitcoin is more reliable and easy.
And the other benefit is that with bitcoin we do not have to pay high taxes and fees of transaction, and we do not have to provide any documents and proofs for our money and transactions.

INVALID BBCODE: close of unopened tag in table (1)
nejibens
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March 17, 2016, 04:43:54 PM
 #1144

For me i prefer bitcoin because it gives me a full control of my money without having to worry about the bank if it run away or get bankrupt.

I prefer Bitcoin as well, but nowadays we are forced to use banking services in addition with Bitcoin's wallets, because many marketplaces online not supporting Bitcoin till now as payment processor
TrueCryptoinere
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March 17, 2016, 05:34:40 PM
 #1145

If you invest your BTC into a high quality cold wallet or hard drive to store your cold wallet, if definitely recommend a bitcoin wallet. The wallet is secure, and if you have a copy of your private key or a paper wallet somewhere, you can recover it if your hard drive fails.\

Banks, sure they are safe, but they can close if you look at it like that.
BlueStackz
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March 17, 2016, 05:52:49 PM
 #1146

Recently i have moved my saved money mostly to bitcoin, i have put 70% on bitcoin and 30% on my local bank for any emergency use, so currently i like more the bitcoin wallet, hope to get a bitcoin debit card soon which would be better.
bitcoin is better then banks because we can control fully our money. we don't need any ban's help to save our money and invest them. everyone is his own bank in bitcoin wallets. and now with debit card , using bitcoin is more reliable and easy.


but we need pysichal currency for daily usage, we can't use bitcoin every where, in some village you can't acces internet conection, you can't acces your bitcoin and bank account, so the best option is use fiat. use pysichal wallet.
You are also true we need some fiat on that places where internet is not available but we here are comparing among bank and bitcoin, if a community has large amount of money they want to secure it then they will need bank and if bank can reach to an area then why not internet.
benmartin613
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March 17, 2016, 05:55:46 PM
 #1147

Both are good way to save your money.
Bitcoin wallet is good if you want to have a fast transaction to receive payments.
Bank is fairly the safe way for me to store all my money.
lolgato1
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March 17, 2016, 05:56:55 PM
 #1148

I think most people use both as I use my bank to store my cash and my bitcoin wallet to store bitcoins. Grin


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KFCBTC
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March 17, 2016, 06:01:29 PM
 #1149

IMO both are different and necessary in a way to co-exist you can not use your bank account where you can use your bitcoin wallet banks have lot of limitations and rules for example with my bank i can not send more then 1000$ in 24 hours which is a pain and also i can not store to much money in bank they will ask questions
Ulloa
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March 17, 2016, 06:08:01 PM
 #1150

I would go for the bitcoin wallet because its much faster with transactions and also much safer.
I also like the fact no back involved because it always feels like they are watching you.
celic95
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March 17, 2016, 06:08:31 PM
 #1151

for a bitcoiner like myself, of course bitcoin wallet is better
its simple to create,secure and small fee.
as we know,bitcoin more popular and mass adoption,t would be advantage for us.
jack1111
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March 17, 2016, 06:41:29 PM
 #1152

I think wallet is better because it is easy to send and receive money , and sometimes more secure than a bank , but the best thing is that bitcoin transaction is anonymous
coinzat
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March 17, 2016, 06:43:58 PM
 #1153

I think wallet is better because it is easy to send and receive money , and sometimes more secure than a bank , but the best thing is that bitcoin transaction is anonymous

bitcoin transactions are not anonymous at all. All the transations that have ever made from the beginning of btc are in the blockchain and can be traced back easily
only the addresses owners are anonymous
stromma44
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March 17, 2016, 08:54:04 PM
 #1154

I think wallet is better because it is easy to send and receive money , and sometimes more secure than a bank , but the best thing is that bitcoin transaction is anonymous

bitcoin transactions are not anonymous at all. All the transations that have ever made from the beginning of btc are in the blockchain and can be traced back easily
only the addresses owners are anonymous

That is the reason people are more comfortable in using bitcoin nowadays as your identity is not disclosed and no one knows how much money you hold in your digital wallet  Grin Grin
jula551
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March 17, 2016, 09:32:01 PM
 #1155

I am still use bank to save my moneys, it got interests and much more safer than bitcoin. banks are still the real node in global finance.

crairezx20
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March 17, 2016, 09:50:40 PM
 #1156

I think banks still the best and safe than bitcoin because its onlinethere's a possiblity that the price goes down or bitcoin will be crash back to $100
So you lose your money.. so its better to stay your money ifrom the banks because its safe..
MGM
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March 17, 2016, 10:34:56 PM
 #1157

Coinbase, Circle can probably be trusted more than some small banks
ronaldinho_07
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March 18, 2016, 01:33:25 AM
 #1158

Nope i doubt any business related to bitcoin should act as bank,they can offer the interest,same as some exchanges are doing,protecting your capital and allowing it to grow,with the rule to cant cashout any ammount before makes the repayment and pay the fee.The banks has much more capital to risk and to lend,soo they,give you a big time to repay and you pay a bigger fee over the time.
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March 18, 2016, 01:39:44 AM
 #1159

Coinbase, Circle can probably be trusted more than some small banks
They are different from each other and serves different purpose. I can walk-in and withdraw my money in a nearby small bank and you can run after them if all of a sudden they close. While with Coinbase if site is down, you can fly all the way from your country to Coinbase HQ to file a dispute if you know the address.
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March 18, 2016, 01:41:08 AM
 #1160

Still bank because Bitcoin is not as secure as bank. Might change my view later when there come more secure hardware wallet.
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