Bank or Bitcoin Wallet?

[satdas]

If you ask me I would rather choose bitcoin wallet..why because I risky.. The bank could liquidate and stop operations. That could be risky having your money there...but bitcoin wallet is secure and your money is guarantee save...and its there for you to use etc

all banks are insure and the governments are monitoring them all the time, very rare chance that your money will be lost in banks, every in case of bank robbery you are not going to lose your money the banks are responsible for your money, but what about wallet if some one hack your wallet, what will you do then?

[crairezx20]

If you ask me I would rather choose bitcoin wallet..why because I risky.. The bank could liquidate and stop operations. That could be risky having your money there...but bitcoin wallet is secure and your money is guarantee save...and its there for you to use etc

all banks are insure and the governments are monitoring them all the time, very rare chance that your money will be lost in banks, every in case of bank robbery you are not going to lose your money the banks are responsible for your money, but what about wallet if some one hack your wallet, what will you do then?

Yeah banks are safe than bitcoin and yeah you have no guarantee in bitcoin if someone hack your account unlike banks that you account is protected and if they rob by someone its not your fault they will give it to yo back..

[romero121]

Bank as well bitcoin differ in various security platforms, but due to the universal acceptance banking seems to be much better than bitcoin wallet. Right now bitcoin needs more adoption and knowledge about using it, only then we can see bitcoin similar to the banking.

[mirakal]

Bank as well bitcoin differ in various security platforms, but due to the universal acceptance banking seems to be much better than bitcoin wallet. Right now bitcoin needs more adoption and knowledge about using it, only then we can see bitcoin similar to the banking.

No question about that since bank is regulated by the government people are more confident in using it, bitcoin is just new in the market and its nature is anonymous which sometimes would not gain the trust of the majority of people who are not into online digital currency and does not possess enough knowledge with the platform.

[enhu]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

[vianhandika]

i think its much better bitcoin wallet....because its easy to use,simple to use.... all the choise having a negativ and positiv affect bro ...so its back to yours again

[Achargeturry78]

i think its much better bitcoin wallet....because its easy to use,simple to use.... all the choise having a negativ and positiv affect bro ...so its back to yours again

for you but how about for those people who don't know what is bitcoin , and what is bitcoin wallet  , there's a lot of way to know about bitcoin if people always use their common sense and use their internet they probably get the question because some of investor who uses bitcoin and get scam they will tell to their partners the negative side of bitcoin they will choose bank rather than bitcoin wallet why? because they can invest on the bank where they can grow 5% of their money per year or per 5 years

[ubitcoin]

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

If you use nationally licensed exchanges like bitstamp then it will also have a good security and will have guarantee for our bitcoins, I am sure that first of all bitstamp is much secure and if any issue occurred then they will guarantee for our bitcoins and will take the responsibility for giving us back our money. It means, with a licensed exchange you bitcoin is highly secured same as fiats.

[goldcoinminer]

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

If you use nationally licensed exchanges like bitstamp then it will also have a good security and will have guarantee for our bitcoins, I am sure that first of all bitstamp is much secure and if any issue occurred then they will guarantee for our bitcoins and will take the responsibility for giving us back our money. It means, with a licensed exchange you bitcoin is highly secured same as fiats.

Definitely because you are required to give your full information, in that sense you need to divulge it for your own protection and for the protection of the trading sites. That is how it goes nowadays to comply with the certain government rules and regulations.

[shinratensei_]

Exchange sites is almost like bank though you just don't earn interest when you store btc to them every year but somehow its like a bank, same thing when you store btc/coins on some online wallet. but a lot of us prefer to leave our coin on exchanges particularly traders.

But that's right the exchange site is like a bank but need to underline if you losing your funds in them, whether a guarantee for that? because that is very important. 


traders I prefer to leave their coins in exchanges because they consider about the fees they will get if making any transaction. maybe just a little but for a long time it's very enough amount.

[Eidheen]

I think Bitcoin without regulations make it unsafe when you compare with banking system. But 2008 - 2011 crises show us nowhere is safe. At this point I have seen more Bank failures then bitcoin. Money stored in Banks are not 100% yours to begin with. Citizens of Cyprus and Greece learned this truth the hard way.I don't want to be another victim of approaching economic crisis when my money will be grabbed to fix national economy or something. And crisis  will come, sooner or later and hit harder than the last one in 2009. That is for sure.

[skysblu]

bitcoin wallet all the time it is way better than the bank

[MFahad]

I think Bitcoin without regulations make it unsafe when you compare with banking system. But 2008 - 2011 crises show us nowhere is safe. At this point I have seen more Bank failures then bitcoin. Money stored in Banks are not 100% yours to begin with. Citizens of Cyprus and Greece learned this truth the hard way.I don't want to be another victim of approaching economic crisis when my money will be grabbed to fix national economy or something. And crisis  will come, sooner or later and hit harder than the last one in 2009. That is for sure.

If  Money stored in Banks are not 100% yours, then what you say about money stored in Bitfinex exchange and its recent hack. I think we should see both money storage method not fully secured but we have no option left to choose one of them.

[GreenBits]

Until BTC can issue an 'FDIC'-like guarantee on my funds per wallet (account), banks will be a more secure and attractive option for those trying to hold larger amounts of value.

[Maesters1-]

bitcoin wallet all the time it is way better than the bank

but to me in present time we need both the band and wallet, if you ignore banks in present time what will you do with your fiat currency, how will you do transection of fiat currency, therefore to me in present time we cannot ignore the importance of bank and nor of wallet where we keep our bitcoins.

[ausbit]

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

in my country we have a organitazion called "the deposit insurance agency" , If bank bankrupt or corruption our money the agency will give our money back 100%

That organizations are required to be in everywhere, as there are a number of issues occurred where the bankers tried to scam their users, ( I don’t know that they are the banks or just their workers) so in that case someone will be there who will defend our case.

[CrimBit]

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

maybe a lot of people who do not want complicated they will chose to use a bank, or it could be they just use it occasionally just not as often as we know why many people choose to use a bank of the wallet.

[CrimBit]

I recommended Bitcoin Wallet.. Cuz low fees.. Fastest transfer money and controlling with your wallet 24/7...

maybe you must thinking again, research again.
we can't use only bank for daily usage, because bitcoin is not a famous processor payment.

so we still need bank.

[mirakal]

I recommended Bitcoin Wallet.. Cuz low fees.. Fastest transfer money and controlling with your wallet 24/7...

maybe you must thinking again, research again.
we can't use only bank for daily usage, because bitcoin is not a famous processor payment.

so we still need bank.

Banks are really important especially in the government of a country it is the agency that is governing regarding to the financial works in a society.
They are playing an important role and even bitcoin is going to be in a trend, banks are still playing the role for the exchange of bitcoin to USD without them you cannot exchange bitcoin.

Of course, without bank we cannot save our money properly. Banks will protect our savings subjecting it to insurance for us to feel comfortable with our savings in the future, bitcoin will only provide us an investment but not is good in saving our money because of the big risk associated.

[Capradina]

I recommended Bitcoin Wallet.. Cuz low fees.. Fastest transfer money and controlling with your wallet 24/7...

maybe you must thinking again, research again.
we can't use only bank for daily usage, because bitcoin is not a famous processor payment.

so we still need bank.

Banks are really important especially in the government of a country it is the agency that is governing regarding to the financial works in a society.
They are playing an important role and even bitcoin is going to be in a trend, banks are still playing the role for the exchange of bitcoin to USD without them you cannot exchange bitcoin.

Of course, without bank we cannot save our money properly. Banks will protect our savings subjecting it to insurance for us to feel comfortable with our savings in the future, bitcoin will only provide us an investment but not is good in saving our money because of the big risk associated.

Yeah, the Bank is indeed the place for us to do storage all the money we have and also as a place to keep all the money to avoid things we don't want. Using bitcoin for an investment is a very precise way, it is basically a bitcoin is indeed a very good opportunity in terms of investment. But to save the money that we have better use bitcoin, because it is much safer and highly guaranteed!!