Bank or Bitcoin Wallet?

[agustina2]

We know that Bank is the first establish compare to Bitcoin, But when it comes to advantages and disadvantages there is a big difference.
Is more I still choose Bitcoin wallet, its very safe and convenient no requirements to be need  if ever I need to encash my money, while in bank there is a lots of requirements to be needed before I get my money.

Without banks , bitcoin won't born.

So be thankful that banks are born because no such things as bitcoin today if banks didn't exist.

But in general, I see no hard requirements that you are stating in terms of banks.

[randy8777]

We know that Bank is the first establish compare to Bitcoin, But when it comes to advantages and disadvantages there is a big difference.
Is more I still choose Bitcoin wallet, its very safe and convenient no requirements to be need  if ever I need to encash my money, while in bank there is a lots of requirements to be needed before I get my money.

not sure where you live and what requirements you are talking about when it comes to withdrawing your money, but here i don't experience anything bad from my bank. if i want to withdraw money till the amount of €5000, then i can do it without any assistance of a bank employee. but when you want to withdraw €10,000 for example, you just need to ring your bank and tell them to reserve that money for you. in 95% of the cases you can pick it up the same day with your id. via internet banking you can basically transfer any amount. no guidance needed here from the bank.

[mirakal]

We know that Bank is the first establish compare to Bitcoin, But when it comes to advantages and disadvantages there is a big difference.
Is more I still choose Bitcoin wallet, its very safe and convenient no requirements to be need  if ever I need to encash my money, while in bank there is a lots of requirements to be needed before I get my money.

not sure where you live and what requirements you are talking about when it comes to withdrawing your money, but here i don't experience anything bad from my bank. if i want to withdraw money till the amount of €5000, then i can do it without any assistance of a bank employee. but when you want to withdraw €10,000 for example, you just need to ring your bank and tell them to reserve that money for you. in 95% of the cases you can pick it up the same day with your id. via internet banking you can basically transfer any amount. no guidance needed here from the bank.

That is the best practice of the bank that every time you want to withdraw your money they will give it instantly or the same day when the amount is big. They are more concern in the trust of the public as bank is the business of trust, without it they would not survive.

[Siyas]

yea sure i will choose to use bitcoin wallet...fluctuation constitute to it too....with bit wallet i choose to be stress free

As of now, i use bitcoin wallet in regards to bitcoin. I am waiting to earn bitcoin and save in my wallet. Would probably talk more on this when i have more bitcoin and when i require more protection to it. I am sure the wallet system is well protected and none an hack this system.

[gtglener]

of course bitcoin wallet and nothing else, i think it is the best thing

That is too risky mate if you store all you money in bitcoin i think you should also have a bank account for security of your money and it less risk if you money in the bank it has included in insurance while in bitcoin there is no insurance if you money will disappear.

And I just wonder, how can he able to use his converted bitcoin without the help of bank services. No doubt that most bitcoin exchanges today uses bank services to be able to withdraw our bitcoin into cash as it is less hassle compare to other withdrawal method.

You are right with it, that's why I'm saying today that bitcoin wallet and bank are both important. They are playing important role in our lives.
Without both of them we can't use our bitcoins and fiat money. That's why it is really important to recognize both of them. And you are going to experience that they really are.

Both of them is very important who always withdrawing their bitcoin into the fiat money because it's will become a more easily with using a bank. combining the advantages of bitcoin and bank it's the best choice for me forever.

yeah, these both will have a better collection, with that banks will not have the fear of losing the clients and also bitcoin will get a more security and its users will get guarantee for their  money invested in there.

[socks435]

yea sure i will choose to use bitcoin wallet...fluctuation constitute to it too....with bit wallet i choose to be stress free

As of now, i use bitcoin wallet in regards to bitcoin. I am waiting to earn bitcoin and save in my wallet. Would probably talk more on this when i have more bitcoin and when i require more protection to it. I am sure the wallet system is well protected and none an hack this system.

Well not all wallet are fully protected just dont choose web wallet because i have bad experience in web wallet like coinbase..
Now i use electrum its the best right now to choose never had any problem..

[Akupuniard]

I like bitcoin but also using bank cause in my country is not very comfortalbe to use bitcoins, everytime need to exchange it for shopping and other stuff.

[155UE]

Screw the banks! They are thieves for charging so much in their services even if you don't want them. they force them upon you to use them. The fees one's pays per year is the amount you can spend on buying food for half a month. So they are literally taking food out of your and your families mouths.
Choose bitcoin wallet to keep your money i mean bitcoin in. Just don't use one that is connect to an exchange because we all know what happened with those in the past few years. 

[MingLee]

yea sure i will choose to use bitcoin wallet...fluctuation constitute to it too....with bit wallet i choose to be stress free

As of now, i use bitcoin wallet in regards to bitcoin. I am waiting to earn bitcoin and save in my wallet. Would probably talk more on this when i have more bitcoin and when i require more protection to it. I am sure the wallet system is well protected and none an hack this system.

Well not all wallet are fully protected just dont choose web wallet because i have bad experience in web wallet like coinbase..
Now i use electrum its the best right now to choose never had any problem..

Electrum is probably the best desktop wallet when it comes to security, but I think it's kind of big deal when it comes to making sure that you have everything written down or printed and stored somewhere safe. I'm not sure why you would have had issues with web wallets, though, my experiences with them have been fine and the only issue I could see you having would be suspicious transactions of large values that might have made them think you're doing something illegal, as based on their ToS.

[Matt Guy]

Despite the fact that the bitcoin wallet has to evolve, I think it is a better option because it can give you better control and security over your funds in a decentralized way, which is not possible when using the bank.

[shinratensei_]

I like bitcoin but also using bank cause in my country is not very comfortalbe to use bitcoins, everytime need to exchange it for shopping and other stuff.

Yeah,that's become an important reason for me to mixing the bitcoin with the bank because the bank can cover the advantages of bitcoin and otherwise. because both of them is very useful in my life. i never think if there are someone is wanna waste a lot of their time just for again and again to exchange their amount before using it.

[Mauser]

For saving and investing using bitcoin wallets is fine but you still need a bank with Fiat for your everyday expenses. Bitcoins are not recognized enough to only rely on them. None of my supermarkets or bars I use are yet accepting bitcoins. Maybe in 5 years this will change.

[Hirose UK]

In this time both are needed. Without bank its not possible for physical cash transaction. At the same time without bitcoin wallet its not possible to do bitcoin transaction. So in the future something common will be developed when everything gets digitalised.

yeah. I choose both either. bitcoin wallet is not too safety because some factors like forgetting password, hacking, forgetting identifier, virus on your computer or smartphone, losing your smartphone, broken computer, etc that will make you lose your access to your wallet.

banks is safety enough, but the problem is when you forget your pin, losing your atm card or atm book.

so I prefer to save my money in both bitcoin wallet and bank.

[romero121]

While quoting this post I was standing in a bank waiting for hours due to the network down, which made every function slow. At this term I believe though technology have got advanced if one fails the alternate should compensate. For this reason both are highly needed.

[Fatanut]

When I go outside, I don't really want to carry a bunch of dollars with me so if I have a bank account in the future, I would just withdraw money from ATM machine. I think that's really handy. If I'm online, I would prefer bitcoin wallet because I'm able to purchase stuffs online, reload my phone, etc. I could just order stuffs online via bitcoin instead of going out and travelling far away just to get the same thing.

Bank and bitcoin both have their advantages and disadvantages. Banks (ATM) are useful in real life situations and bitcoins are really efficient when purchasing things online.

[Ryananda]

For saving and investing using bitcoin wallets is fine but you still need a bank with Fiat for your everyday expenses. Bitcoins are not recognized enough to only rely on them. None of my supermarkets or bars I use are yet accepting bitcoins. Maybe in 5 years this will change.

Yes it is true even if the future bitcoin is progressing and many use as a fixed payment to me we must need the money. We can not escape from the money for up whenever I think money will not be lost and always used.

[safari88]

For saving and investing using bitcoin wallets is fine but you still need a bank with Fiat for your everyday expenses. Bitcoins are not recognized enough to only rely on them. None of my supermarkets or bars I use are yet accepting bitcoins. Maybe in 5 years this will change.

Yes it is true even if the future bitcoin is progressing and many use as a fixed payment to me we must need the money. We can not escape from the money for up whenever I think money will not be lost and always used.

if we are talking about the need, the bank clearly needed more than bitcoin wallet, because we live in the real, and the bank until whenever it is useful compared bitcoin wallet. but if the matter of benefit, bitcoin wallet is better, because we could have full control of our money and make a lot of wallets. not like a bank that is too complicated with many conditions.

[Ewinsane]

i think bitcoin wallet is too much better and safer than bank wallet . i like bitcoin wallet.

[Siyas]

i think bitcoin wallet is too much better and safer than bank wallet . i like bitcoin wallet.

BTC wallet is too safe and secure. As a new beginner, i just started to earn. I have account with Blockchain. I am sure this will be so secure and well protected. I plan to save as much as possible and when the price increases, I would probably exchange the money earned to my local currency  and use for my expenses.

[KingdomHearts]

I like bitcoin but also using bank cause in my country is not very comfortalbe to use bitcoins, everytime need to exchange it for shopping and other stuff.

you are right that bitcoin is not comfortable to use in many country, you can save your money into bitcoin as investment in bitcoin wallet and i think maximum people save their money in bitcoin as investment because they know that bitcoin will going to rise up in higher amount in the future and i think you can not grow up your money in bank wallet , so bitcoin wallet is beneficial and safer than bank wallet.