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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
ASHLIUSZ
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May 07, 2016, 10:09:56 AM
 #1481

For bitcoin users,of course bitcoin wallet is better option. its simple to create,secure and small fee. as we know,bitcoin more popular and mass adoption,t would be advantage for us.
First thing to prefer bitcoin wallet is due to safety and security.second is its anonymity.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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May 07, 2016, 10:18:58 AM
 #1482

For bitcoin users,of course bitcoin wallet is better option. its simple to create,secure and small fee. as we know,bitcoin more popular and mass adoption,t would be advantage for us.
First thing to prefer bitcoin wallet is due to safety and security.second is its anonymity.

Very true. Anonymity is first for me, though. Actually, banks offer you better security than BTC, because you can reverse transactions in some cases. While bitcoins are irreversible, it also means that you won't get charged back on.

Anonymity is very important to me. Also you can create as many bitcoin addresses as you like in seconds, that amazes me.
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May 07, 2016, 10:59:30 AM
 #1483

If your bicoin wallet was hack you can't complain to blockchain or any wallet site. Of course, don't expect a feed back from them.
Unlike in bank, if you got a problem from your bank account you can always ask their customer service.

Vires in Numeris
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May 07, 2016, 11:06:29 AM
 #1484

in terms of security is the best banks. but in terms of confidentiality, bitcoin is the best

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May 07, 2016, 01:33:55 PM
 #1485

in terms of security is the best banks. but in terms of confidentiality, bitcoin is the best

In banks you can asure your money is on safe hands and it cannot stole easily for those people who want to twke it and also it is being used by most of all people while in bitcoin is less fee for each transaction you want to do and also your identity is very safe because of its anonimosity,

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May 08, 2016, 12:25:52 PM
 #1486

If your bicoin wallet was hack you can't complain to blockchain or any wallet site. Of course, don't expect a feed back from them.
Unlike in bank, if you got a problem from your bank account you can always ask their customer service.
but i dont think that bitcoin wallet can be hacked easily, that blockchain have sign message and any other wallet have their own security too
and i think that Xapo can help you recover the thing if your wallet hacked and you use the Xapo wallet of course
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May 08, 2016, 12:57:07 PM
 #1487

I choose a bank for safety. bank guaranteed by the government and financial institutions. bitcoin wallet while still getting the attention of the government. if anything happens to it then the bank is a very safe choice.

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DOGE12321
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May 08, 2016, 01:03:39 PM
 #1488

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.
I would choose to have a bitcoin wallet and hold BTC in it as much as I dare as the prices are a little volatile for comfort.  Sad
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May 08, 2016, 03:47:18 PM
 #1489

If your bicoin wallet was hack you can't complain to blockchain or any wallet site. Of course, don't expect a feed back from them.
Unlike in bank, if you got a problem from your bank account you can always ask their customer service.
but i dont think that bitcoin wallet can be hacked easily, that blockchain have sign message and any other wallet have their own security too
and i think that Xapo can help you recover the thing if your wallet hacked and you use the Xapo wallet of course
Yeah. Your money is definitely secured in banks however, your identity is more likely to be safer in bitcoin wallets than with banks because they take your information (for the banks' own safety aswell) while with bitcoins wallet, you can simply sign up with whatever little detail you may provide.
BitHodler
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May 08, 2016, 04:11:33 PM
 #1490

If your bicoin wallet was hack you can't complain to blockchain or any wallet site. Of course, don't expect a feed back from them.
Unlike in bank, if you got a problem from your bank account you can always ask their customer service.
but i dont think that bitcoin wallet can be hacked easily, that blockchain have sign message and any other wallet have their own security too
and i think that Xapo can help you recover the thing if your wallet hacked and you use the Xapo wallet of course
Yeah. Your money is definitely secured in banks however, your identity is more likely to be safer in bitcoin wallets than with banks because they take your information (for the banks' own safety aswell) while with bitcoins wallet, you can simply sign up with whatever little detail you may provide.
The good thing about Bitcoin is that there is no information about you connected to your wallet addresses which the governments can use against you.

It's pure freedom as there is no information about you needed to create new wallet addresses.

Click generate new address and you're good to go.

BSV is not the real Bcash. Bcash is the real Bcash.
saladin7000
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May 08, 2016, 04:43:14 PM
 #1491

tbh I will choose bank to save my money for large sum I feel more safe if I keep money in there

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May 08, 2016, 04:46:04 PM
 #1492

I will choose both at a moment,as I need both and both are useful for me in different ways I will prefer to use bitcoin for money transfers and bank for saving some part of my salary in the form of fixed deposits.
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May 08, 2016, 06:41:31 PM
 #1493

Personally i use both because actually i need banking services in addition with Bitcoin, so i use banks but always i prefer using Bitcoin if it's available for payment or making deals and trades
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May 08, 2016, 07:09:25 PM
 #1494

Personally i use both because actually i need banking services in addition with Bitcoin, so i use banks but always i prefer using Bitcoin if it's available for payment or making deals and trades

Using both is the best thing to do as both holds their own advantages and it depends on an individual with whom he is more  comfortable.
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May 08, 2016, 08:34:41 PM
 #1495

If your bicoin wallet was hack you can't complain to blockchain or any wallet site. Of course, don't expect a feed back from them.
Unlike in bank, if you got a problem from your bank account you can always ask their customer service.
but i dont think that bitcoin wallet can be hacked easily, that blockchain have sign message and any other wallet have their own security too
and i think that Xapo can help you recover the thing if your wallet hacked and you use the Xapo wallet of course
Yeah. Your money is definitely secured in banks however, your identity is more likely to be safer in bitcoin wallets than with banks because they take your information (for the banks' own safety aswell) while with bitcoins wallet, you can simply sign up with whatever little detail you may provide.

I dont trust banks that way i thinked all money were safe till i listen and confirmed some government had frozen savings accounts and take a part of them out,them i see Greece accounts frozen and limited on the withdraws soo banks is where the people put their money,but isnt safe at all.With bitcoin governement wont have acess to it as they dont know who holds the coins just an adress,but they cant frozen your coins ,anyway i trust in both as im forced to use bank and i earn bitcoin but if i hade to choose for sure bitcoin.
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May 14, 2016, 02:49:05 PM
 #1496

If the conventional banks adopts the bitcoin and pay me interest, then I will use them. I will also borrow from them.
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May 14, 2016, 03:08:00 PM
 #1497

I will choose both as I need both of them, as if I need loan then only bank can help me getting loan from bitcoin is not convenient for me, I will use both of them according to my needs.
BitcoinHodler
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May 14, 2016, 04:22:38 PM
 #1498

I will choose both as I need both of them, as if I need loan then only bank can help me getting loan from bitcoin is not convenient for me, I will use both of them according to my needs.

yeah, i will also choose both of them because both are needed.

although that would have been so good if there was a chance to have a bank and still use bitcoin like investing bitcoin as a deposit in bank for profit.

Holding Bitcoin More Every Day
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May 21, 2016, 10:42:18 PM
 #1499

I choose bitcoin wallet becouse I was read some article's in the internet that's said it was faster and easier


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May 21, 2016, 11:29:44 PM
 #1500

It depends on what is your purpose using it.If you are using it for savings i prefer using bank because it is more secured than bitcoin wallet because bitcoin wallets is exposed and can be hacked.Bank is more secure for savings.But if you want your money to grow,i prefer using bitcoin because of different investment program out there.
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