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Author Topic: Bank or Bitcoin Wallet?  (Read 230491 times)
ranlo
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March 19, 2016, 04:33:58 AM
 #1181

Bitcoin wallet. I use blockchain.info
It's pretty good one in online wallets. Blockchain.info is good to check all the details of all block and all transactions.
If you start to go big deal and transaction desktop is fine. example multibit or electrum.

If you 'start to go big,' you want a hardware wallet, hands down. I'd say the $1k mark is when you should already have one.

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bebeko
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March 19, 2016, 04:40:58 AM
 #1182

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

what do you think about xapo vault..? coinbase vault..?
Im sure it's more safe than bank, im use it, you need 48hours to release your bitcoin after withdraw request.

I trust xapo, but still it is a virtual savings, it much better to put your money into true bank and you can check it daily. Bank is the safest wallet of all savings, it is covered by the government law and it is more applicable when it is regarding to money.
honeyhtet
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March 19, 2016, 10:38:08 AM
 #1183

IMO banks are slow when it comes to sending and receiving payments from one bank to the other. if you send or receive money from and to the same bank, then it's instantly. but i will always choose offline storage over a bank when it comes to bitcoin which is a clear advantage.
CasioK
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March 19, 2016, 06:17:13 PM
 #1184

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

what do you think about xapo vault..? coinbase vault..?
Im sure it's more safe than bank, im use it, you need 48hours to release your bitcoin after withdraw request.
I don't know much about coinbase, but I am fully agreed with you about xapo. xapo's vault is fully secured and insured, if in case our account got hacked and vault balance have been stolen, then xapo is fully responsible to pay us as we claim insurance.

INVALID BBCODE: close of unopened tag in table (1)
ronaldinho_07
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March 20, 2016, 06:58:55 PM
 #1185

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

what do you think about xapo vault..? coinbase vault..?
Im sure it's more safe than bank, im use it, you need 48hours to release your bitcoin after withdraw request.

I trust xapo, but still it is a virtual savings, it much better to put your money into true bank and you can check it daily. Bank is the safest wallet of all savings, it is covered by the government law and it is more applicable when it is regarding to money.

The same governement that covered some deposits at an xx ammount usuall around 100k dollars each account is secured,but i had seen cases that there is no warranty of this kind of things;I would use and deposit my money just into bitcoin wallets as i feel much more safety and able to control my own money that isnt deducted all months a fee .
phreaky
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March 20, 2016, 07:02:48 PM
 #1186

IMO banks are slow when it comes to sending and receiving payments from one bank to the other. if you send or receive money from and to the same bank, then it's instantly. but i will always choose offline storage over a bank when it comes to bitcoin which is a clear advantage.

Not only slow, they charge you for it. What i really hate is that most banks (my bank included) hold your money. Suppose you need to sent 10k to someone, I first need to call them to upgrade my limit. Which is how things work in a madman world right? So for me offcourse the bitcoin wallet.
fkvidar
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March 20, 2016, 09:16:20 PM
 #1187

IMO banks are slow when it comes to sending and receiving payments from one bank to the other. if you send or receive money from and to the same bank, then it's instantly. but i will always choose offline storage over a bank when it comes to bitcoin which is a clear advantage.

Not only slow, they charge you for it. What i really hate is that most banks (my bank included) hold your money. Suppose you need to sent 10k to someone, I first need to call them to upgrade my limit. Which is how things work in a madman world right? So for me offcourse the bitcoin wallet.

Yeah you need to follow so many rules and regulations and follow their procedures but when it comes to bitcoin you have all the freedom to spend your money.
ranlo
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March 20, 2016, 09:20:45 PM
 #1188

IMO banks are slow when it comes to sending and receiving payments from one bank to the other. if you send or receive money from and to the same bank, then it's instantly. but i will always choose offline storage over a bank when it comes to bitcoin which is a clear advantage.

Not only slow, they charge you for it. What i really hate is that most banks (my bank included) hold your money. Suppose you need to sent 10k to someone, I first need to call them to upgrade my limit. Which is how things work in a madman world right? So for me offcourse the bitcoin wallet.

Weird. I've never been charged OR limited on sending before. You need a better bank.

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Elyes Zebda
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March 20, 2016, 09:34:25 PM
 #1189

i would choose to use bitcoin wallet Wink
Hellacopter
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March 20, 2016, 09:40:07 PM
 #1190

i would choose to use bitcoin wallet Wink

I think we have to use both wallet and banking services, especially nowadays we need bank accounts to pay some bills or make some payments we can't use Bitcoin to pay it as it's not supported everywhere till now at least
nejibens
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March 20, 2016, 10:33:43 PM
 #1191

I use Bitcoin wallet more than banks, but i use banking services sometimes as well
Bitcoin isn't supported everywhere as known
ranlo
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March 20, 2016, 10:56:50 PM
 #1192

i would choose to use bitcoin wallet Wink

I think we have to use both wallet and banking services, especially nowadays we need bank accounts to pay some bills or make some payments we can't use Bitcoin to pay it as it's not supported everywhere till now at least

If BTC were accepted everywhere, it would be regulated prior. This regulation would make BTC no different from current ACH methods, and would kill the entire purpose of using it.

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Yakamoto
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March 20, 2016, 11:07:19 PM
 #1193

i would choose to use bitcoin wallet Wink

I think we have to use both wallet and banking services, especially nowadays we need bank accounts to pay some bills or make some payments we can't use Bitcoin to pay it as it's not supported everywhere till now at least

If BTC were accepted everywhere, it would be regulated prior. This regulation would make BTC no different from current ACH methods, and would kill the entire purpose of using it.
BTC would be regulated if the people were to let it be regulated. This means that various things would have to happen, but arguably there would be no way for Bitcoin to ever be officially be regulated if it was the primary currency and the people had enough trust in it.
ranlo
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March 20, 2016, 11:16:58 PM
 #1194

i would choose to use bitcoin wallet Wink

I think we have to use both wallet and banking services, especially nowadays we need bank accounts to pay some bills or make some payments we can't use Bitcoin to pay it as it's not supported everywhere till now at least

If BTC were accepted everywhere, it would be regulated prior. This regulation would make BTC no different from current ACH methods, and would kill the entire purpose of using it.
BTC would be regulated if the people were to let it be regulated. This means that various things would have to happen, but arguably there would be no way for Bitcoin to ever be officially be regulated if it was the primary currency and the people had enough trust in it.

It won't be the 'primary currency.' It's a niche thing. People don't even trust gold, which is physical and can be held in your hand, PLUS has uses outside of monetary storage. Pass one hurdle at a time.

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sirohige
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March 21, 2016, 02:37:13 AM
 #1195

I use Bitcoin wallet more than banks, but i use banking services sometimes as well
Bitcoin isn't supported everywhere as known

me too, im use bitcoin wallet everyday to spend it, pay bill etc.
but i need bank too, i doubt i can life without bank. bank make me easy tosave my money and spend it with more merchand than bitcoin.
silentkiller
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March 21, 2016, 02:42:05 AM
 #1196

For now i will choose bitcoin rather than bank.cause for bitcoin is the most convinient to make transactions online. Hassle free.
secone
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March 21, 2016, 04:44:40 AM
 #1197

For now i will choose bitcoin rather than bank.cause for bitcoin is the most convinient to make transactions online. Hassle free.

i will choose both of them, i know bank take "fee " ffor each transaction and store my money, bank need money to save your money, to building country, to give help to other people, that why bank take fee.
nostal02
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March 21, 2016, 04:53:23 AM
 #1198

For now i will choose bitcoin rather than bank.cause for bitcoin is the most convinient to make transactions online. Hassle free.

i will choose both of them, i know bank take "fee " ffor each transaction and store my money, bank need money to save your money, to building country, to give help to other people, that why bank take fee.

The way i do it is for online transaction i use bitcoin so that there will be no hassle in wait for the payment.
After the payment i put some the exchange and put some at the bank.
secone
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March 21, 2016, 06:57:54 AM
 #1199

For now i will choose bitcoin rather than bank.cause for bitcoin is the most convinient to make transactions online. Hassle free.

i will choose both of them, i know bank take "fee " ffor each transaction and store my money, bank need money to save your money, to building country, to give help to other people, that why bank take fee.

The way i do it is for online transaction i use bitcoin so that there will be no hassle in wait for the payment.
After the payment i put some the exchange and put some at the bank.

are you smart..? no hassle in bitcoin payment..?  Cheesy
you are kidding man, the fact of bitcoin transaction is you must wait the transaction confirmed minimum 1confirmation in other case you must waiting 6confirmation

then After the payment i put some the exchange and put some at the bank. Huh why not use bank you can simply accept payment without need exchanger Tongue

BitcoinSupremo
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March 21, 2016, 08:44:44 AM
 #1200

Of course Bitcoin Wallet, in my country very few people pay bills via banks. I only use bank to buy something online at ebay or amazon, unfortunately Bitcoin is not yet adopted there as payment option, otherwise I would not need banks at all(of course just need them to  buy btc via payment processors)
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