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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
Corenin
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July 21, 2016, 05:57:59 PM
 #2101

I think that it's the same things but with bitcoins you should not pay any taxes and it's very cool, but anyway i am not banks hater and i am also using banks.

I would prefer to store my assets in Bitcoin rather than a bank. Banks always charge a lot of fees and come with problems such as charge backs. Banks are afraid of Bitcoin because the technology could put them out of business without taxes.

Bitcoin does have a lot more ease than banks. But I think the bank will not be lost and will always be updated. The Bank will continue to advance in terms of technology and would not be left behind. If I choose to invest bitcoin because I can get easy profit, but to save me choose a bank because, although the cost is more expensive but very safe.
Well, you're right, but I guess it's better to choose both. because I think, bitcoin and banks very well if we use it. we can take advantage of the bank, because it has a security system that even very good at saving money, because the bank has a special technology for it. but we will not develop if only use the bank, so we need to make it into a bitcoin more

Clearly, both bitcoin and bank has important so I guess it no sense if we just keep comparing on it. There are things that bitcoin can't do while banks can and there are also things that banks can do that bitcoin can.

I will just choose one of them if they can do such all advantages that peoples want when dealing on a money transactions.

Yes and I think if we have an opportunity to use both of them then why to choose an single one try to use both of them according to your convenience.
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July 21, 2016, 08:41:49 PM
 #2102

If yo want withdrawal your kney which you earn on sites which are using bitcoin cryptifurrency it is better to have  both because how you will withdrawal your money if you dont have bank account opened to receive money?
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July 21, 2016, 08:59:58 PM
 #2103

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.


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July 21, 2016, 09:14:02 PM
 #2104

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.
to me i think may be in future the wallet have more value that bank but in present time we cannot ignore the importance of both the bank and the wallet. both have their own importance and both are in our own favour.
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July 21, 2016, 10:21:19 PM
 #2105

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.

hey man its not a question that the new world order people and the federal reserve  invented dollars and they took it to a crisis and the gave the solution to people and that is the digital coins and believe me they will go to a crisis to because the real currencys  that should be in the world are gold and silver .. with gold and silver they will be no crisis and now after finishing with digital coins gold will return and all this mean that what ever u do theu will control ur money to their benefits whether choose banks or bitcoin Cry Cry
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July 22, 2016, 11:37:01 AM
 #2106

For now, it is best to have both a bank account and a bitcoin wallet. The world is gradually moving to a stage where we all keep our money in bitcoins, but until then, both are invaluable.
yes i am 100 percent agree with you. i think in present time we cannot ignore the importance on one. the bank has its own importance which bitcoin wallet has its one. because in present time we are not 100 percent depending on bitcoin therefore i think bank is also important in present time.
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July 22, 2016, 12:32:12 PM
 #2107

Bank and Bitcoin cannot be compared. We all know that Bitcoin aims is to take over banking system. However, so far many people who use Bitcoin take Bitcoin as an investment only. However, as time goes on, the bank and Bitcoin can be on the same field of competition.
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July 22, 2016, 12:42:22 PM
 #2108

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Bitcoin is not 100% anonymous that's why people use mixer. We have different definition of small amount and most of micro payment that pays really small can't be done because fee is higher than the funds that's going to be send. Transferring your coins depends on how big the amount your going to transfer, higher amounts take more time and some take atleast 30-1 hour.

Banks is not secure is what you think, because they put limit on how much you can withdraw money. There are banks that go bankruptcy because of country's debt. Banks can't scam people but people that fooling people like making a website that deceive people it's a bank can scam.
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July 22, 2016, 01:04:43 PM
 #2109

Bank and Bitcoin cannot be compared. We all know that Bitcoin aims is to take over banking system. However, so far many people who use Bitcoin take Bitcoin as an investment only. However, as time goes on, the bank and Bitcoin can be on the same field of competition.


Well you are right, they are different thing and have different uses. Bank is for our real money or fiat money. And bitcoin wallet is for our bitcoins.
And it is better if you are going to use both and you don't have to choose only one, as long as you are going to manage it properly and don't
get involve with illegal things.
True both very necessary and it takes all of us. We use bitcoin wallet for investment and profit, we also use the bank for the transaction and print the money and also save it. Bank and bitcoin wallet usefulness of each that can provide benefits.
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July 22, 2016, 02:08:09 PM
 #2110

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.
Is easy to take any prevention, if we getting a crime anytime from a criminal.
compared with getting scam in BTC I surely more easy to taking the prevention in a bank. and there are parties can help you about your cases like the police.

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July 22, 2016, 02:11:21 PM
 #2111

Why do we have to choose on Bank or Bitcoin wallet. When we can use both , We cannot make all flat money to Bitcoin and stock it in Bitcoin wallet because price of Bitcoin goes up and goes down. It is safer to have money on Bitcoin wallet and in the bank.
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July 22, 2016, 02:11:27 PM
 #2112

Bank and Bitcoin cannot be compared. We all know that Bitcoin aims is to take over banking system. However, so far many people who use Bitcoin take Bitcoin as an investment only. However, as time goes on, the bank and Bitcoin can be on the same field of competition.


Well you are right, they are different thing and have different uses. Bank is for our real money or fiat money. And bitcoin wallet is for our bitcoins.
And it is better if you are going to use both and you don't have to choose only one, as long as you are going to manage it properly and don't
get involve with illegal things.
True both very necessary and it takes all of us. We use bitcoin wallet for investment and profit, we also use the bank for the transaction and print the money and also save it. Bank and bitcoin wallet usefulness of each that can provide benefits.

Precisely, because of the 2 second platforn money has uses and benefits of each. So we don't need to do anything that would badly ourselves or disfigure among platforn money. For bitcoin is now in dire need of the banks and the banks also need a Bitcoin
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July 22, 2016, 02:12:12 PM
 #2113

If yo want withdrawal your kney which you earn on sites which are using bitcoin cryptifurrency it is better to have  both because how you will withdrawal your money if you dont have bank account opened to receive money?

You are right it is better if you are going to have both of it. Because we all know that your money in bank is always been safe at all.
And also in bitcoin wallet your bitcoins there are safe at all. So if you are going to open a savings account in the bank for sure you are going to start out saving your money because it can motivate you.

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July 22, 2016, 02:27:57 PM
 #2114

Well instead of writing an essay, let me put down my points on PROS of both
Pros of BTC wallet:
1. Anonymous
2. Can be withdrawn anytime
3. Can withdraw small amounts
4. Can withdraw large amounts hassle free
5. Can transfer 5 times in a minute without any hassle
6. Exchanging is hassle free
7. Receiving is very easy
8. Can create several accounts
Pros of Bank wallet:
1. Secure, can prove your money
2. Safe, will not go bankrupt soon.
3. A lot of e-commerce website prefer this
4. A lot of banks allow safe invest
5. No scam and privacy
6. Bank currency is not volatile

Banks can also be used for scamming, just look how criminals call users asking for their credentials or these phishing emails.
When compared both are good, but bitcoin holds the future while banks hold the past, think about that.

Then who's the sole responsible for the case you stated? Is it because of banks? So users don't have a fault? A wise person will never give such any important thing to other person via phone call.

And what do you mean about banks holds the past? Can you explain it clearly?
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July 22, 2016, 02:38:53 PM
 #2115

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.
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July 22, 2016, 04:13:04 PM
 #2116

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc
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July 22, 2016, 05:09:17 PM
 #2117

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

Yeah and I think at this stage we cannot rely only on bitcoin as there are many facilities available with banks which bitcoin can never offer, so I think both are important.
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July 22, 2016, 05:56:14 PM
 #2118

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.

The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc
yes there is no doubt about this that in present time bank is more dominant of wallet but i can eunsure you that in near future you will see that most of the people are now using online wallet instead of bank.
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July 22, 2016, 06:54:05 PM
 #2119

Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.
I've only had savings bank accounts and instead of charging me for holding my money, they are actually pitching in because interests. I know for a fact that there are different banks because of reasons, and yours and mine are good examples of them.

I would prefer banks partly for that reason (interest rates), but mainly because I feel like I can trust them more with my money than wallets as of yet.
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July 22, 2016, 06:57:24 PM
 #2120

bank has legalization and some fixed rules over their money system but bitcoin wallets are controled by users and i will take bitcoin wallet
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