X-ray
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August 27, 2016, 02:35:55 PM |
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Btc wallet is more trustable as it comes with anonymity guarantee and fast service option.
bitcoin is semi-anonymous as some people like to call it. that being said, you are responsible for the level of anonymity of each of your trasnactions and bitcoin addresses. if you have verified yourself on an exchange with all your personal information, and you buy bitcoin and send it to your bitcoin address, then the exchange in question can link your name to your address. then basically everything that comes in, and goes out, is being watched if they so wish. So this was really the main reason, but i think exchanger sites do this for safety purpose. But there is also no doubt that the chance of being a victim of identity theft is really high of course exchanger doing this for the sake of client's security,if the one who just bought the bitcoin was a hacker that steal credit card,with this they're probably could help them to trace where the money will go,and that's why so many exchanger need you to verify your account first before being enabled to make a transaction
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techfm86
Member
Offline
Activity: 70
Merit: 10
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August 27, 2016, 04:43:28 PM |
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I use both, saving bitcoin to sell at highest price and saving fiat currency in the bank to buy bitcoin at lowest price, when the time is right.
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Corenin
Legendary
Offline
Activity: 1008
Merit: 1000
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August 27, 2016, 04:45:02 PM |
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I use both, saving bitcoin to sell at highest price and saving fiat currency in the bank to buy bitcoin at lowest price, when the time is right.
Yeah and we need both of them as we cannot use bitcoins directly at a moment, so we need to convert them and transfer to our bank account so that we can withdraw fiat from banks or ATM.
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Nimbulan
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August 27, 2016, 08:23:05 PM |
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I use both, saving bitcoin to sell at highest price and saving fiat currency in the bank to buy bitcoin at lowest price, when the time is right.
the same for me, buying small and selling high is a really great thing to do because it allows you to make some good profit without too much efforts
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jostorres
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August 27, 2016, 08:46:15 PM |
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Btc wallet is more trustable as it comes with anonymity guarantee and fast service option.
bitcoin is semi-anonymous as some people like to call it. that being said, you are responsible for the level of anonymity of each of your trasnactions and bitcoin addresses. if you have verified yourself on an exchange with all your personal information, and you buy bitcoin and send it to your bitcoin address, then the exchange in question can link your name to your address. then basically everything that comes in, and goes out, is being watched if they so wish. Pseudonymous would be a proper term. And yes, in terms of keeping identity, bitcoin wallet is highly superior since you don't really need to give up any sort of information about you to have a wallet. With banks however, your assets are safer since it's value won't change unlike in bitcoin. I'd still prefer to have a majority of my asset in bank because it's value is as it is.
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FAMIALAM
Newbie
Offline
Activity: 31
Merit: 0
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August 27, 2016, 09:13:49 PM |
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It's good to have both accounts until Bitcoin is turned into the world's reserve currency. ofcourse BTC wallet would be better if btc would be accepted at major businesses like ebay or Walmart.Those days are not too far when we each and every business adopt bitcoin as a currenct.
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Sidas_Crew669
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August 27, 2016, 11:30:08 PM |
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It's good to have both accounts until Bitcoin is turned into the world's reserve currency. ofcourse BTC wallet would be better if btc would be accepted at major businesses like ebay or Walmart.Those days are not too far when we each and every business adopt bitcoin as a currenct.
It is indeed quite correct ", because if in the future the bitcoin incompatible expectations we want. Then we will not get a sizable loss of every step we do. So this is something that must be done, indeed if we weren't confident against future bitcoin. It's adoption I think it would do the next few years, because now a lot of companies already accept bitcoin and already gives a good effect in the growth of the bitcoin
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richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
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August 27, 2016, 11:41:39 PM |
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It's good to have both accounts until Bitcoin is turned into the world's reserve currency. ofcourse BTC wallet would be better if btc would be accepted at major businesses like ebay or Walmart.Those days are not too far when we each and every business adopt bitcoin as a currenct.
Bitcoin will never be the reserve currency of the world. What's wrong with Bitcoin just being an alternative that people are constantly talking about replacing all kinds of things. Bitcoin doesn't need to replace anything in order to do what it's doing best.
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JeffBrad12
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August 28, 2016, 01:53:16 AM |
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I use both, saving bitcoin to sell at highest price and saving fiat currency in the bank to buy bitcoin at lowest price, when the time is right.
Yeah and we need both of them as we cannot use bitcoins directly at a moment, so we need to convert them and transfer to our bank account so that we can withdraw fiat from banks or ATM. Maybe a lot of people is using this way, the limitations of latitude for using bitcoin is become important things. I think there is no another way from just converting the BTC into fiat balance and can withdraw that into the bank's ATM.
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bitcoin31
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August 28, 2016, 02:01:45 AM |
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I think bitcoin wallet because when bitcoin price is increasing my money also increasing Bank my money not increase
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teilwalL05
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August 28, 2016, 06:59:44 AM |
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I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
That's true I agree with this, because I have both and both are useful, for me I can easily transfer money in my bank using my bitcoin wallet and it is hassle free. So I recommend both.
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freedomgo
Legendary
Offline
Activity: 3136
Merit: 1148
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August 28, 2016, 07:22:08 AM |
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I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
That's true I agree with this, because I have both and both are useful, for me I can easily transfer money in my bank using my bitcoin wallet and it is hassle free. So I recommend both. If we take the bank in our life we will be having a hard time to use our money or cash out our bitcoins into fiat. Bank is necessary in the current time as bitcoin is not that popular and stable, we need to rely to bank to effectively use our money in investment or in savings.
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Jimbola3
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August 28, 2016, 07:26:17 AM |
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I will prefer to choose both of them as we need banks to save our money in a safest way and bitcoin is the best when it comes to access your money anytime you want.
That's true I agree with this, because I have both and both are useful, for me I can easily transfer money in my bank using my bitcoin wallet and it is hassle free. So I recommend both. Yeah, they both are good in their own place which means bank is for fiat currency and provides all the essential services to there customers and bitcoin wallets are bitcoin and is good in its own place so both plays equal vital role in their own place !
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Noctis Connor
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August 30, 2016, 12:26:33 AM |
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bank and bitcoin wallet have their own importance and value. we cannot ignore the importance of both wallet and banks.
Yeha yeah men bitcoin wallet have their on own special tasks therefore bitcoin is a curency where you can use it to invest your money or by trading while banks are now in the long ran people may be choose banks because it can do more than bitcoin wallet banks cards can do shopping you can use it to pay your items
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pocarime32
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August 30, 2016, 12:29:29 AM |
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Both are important in our life. Bank is for keep our money in real life and bitcoin wallet for keep our bitcoin at online. I prefer pick both bank and bitcoin wallet because i use both.
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lavapits
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August 30, 2016, 12:41:34 AM |
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I use both, saving bitcoin to sell at highest price and saving fiat currency in the bank to buy bitcoin at lowest price, when the time is right.
i have to use both too unfortunately, but my main money are in bitcoins only as it is the perfect currency
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goinmerry
Legendary
Offline
Activity: 2940
Merit: 1083
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August 30, 2016, 01:36:15 AM |
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Bitcoin made an option for some people. We all just use banks. We keep our money there. Have you tried to ask yourself what do they do to your money for them to keep the bank running? Yes what you are thinking now is right. They are investing it also. Bitcoin is now providing you both. You keep your money and you are invested. So why still pick a bank where they will be the only one profiting using your money not theirs.
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Doamader
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August 30, 2016, 01:39:08 AM |
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Both are important in our life. Bank is for keep our money in real life and bitcoin wallet for keep our bitcoin at online. I prefer pick both bank and bitcoin wallet because i use both.
The services banks provides to their costumers are far away to be cheap, but they charge high because people who dont honor their loans, with bitcoin its freedom and i do like it but i cant ask for a loan and repay over 12 months as banks allows.
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mirakal
Legendary
Offline
Activity: 3164
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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August 30, 2016, 01:56:11 AM |
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Both are important in our life. Bank is for keep our money in real life and bitcoin wallet for keep our bitcoin at online. I prefer pick both bank and bitcoin wallet because i use both.
I agree with you they are both useful and we don't have to choose only one from them. It is better if you are going to choose both as we are in bitcoin industry. They are going to play an important role as you are going to store your bitcoin in your wallet and the banks are the one responsible for the currency exchange of a country. Bitcoin cannot be strong alone, they need bank for their supporters to support them, with bank it would easy for us to spend our bitcoin because we have a choice to convert our bitcoins into fiat which is the most acceptable in this world, bitcoin needs time to be dominant in this world.
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LouisVuitton
Legendary
Offline
Activity: 896
Merit: 1000
Louis Vuitton
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August 30, 2016, 02:01:42 AM |
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I would put half in the bank and half in Bitcoin.
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