Bank or Bitcoin Wallet?

[Carmen_Sandiego]

I think btc wallet is a better option, despite needing  improvements, because bank fees  are too high. And there is the problem  of centralization, which can endanger the  funds of the users, depending on the bank.

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[mirakal]

I think btc wallet is a better option, despite needing  improvements, because bank fees  are too high. And there is the problem  of centralization, which can endanger the  funds of the users, depending on the bank.

We just say that because we do not possess a big amount of money yet but once you will be able to get a good amount of money you will always think of the security rather than the convenience you are getting, and in that matter you will choose bank over bitcoin wallet.

[tygeade]

I think btc wallet is a better option, despite needing  improvements, because bank fees  are too high. And there is the problem  of centralization, which can endanger the  funds of the users, depending on the bank.

We just say that because we do not possess a big amount of money yet but once you will be able to get a good amount of money you will always think of the security rather than the convenience you are getting, and in that matter you will choose bank over bitcoin wallet.

Yeah security of money is more important than the convenience as we cannot afford to compromise with our money when it comes to its safety, and that safety you will find with banks.

[Senor.Bla]

I think btc wallet is a better option, despite needing  improvements, because bank fees  are too high. And there is the problem  of centralization, which can endanger the  funds of the users, depending on the bank.

We just say that because we do not possess a big amount of money yet but once you will be able to get a good amount of money you will always think of the security rather than the convenience you are getting, and in that matter you will choose bank over bitcoin wallet.

Yeah security of money is more important than the convenience as we cannot afford to compromise with our money when it comes to its safety, and that safety you will find with banks.

i do not know if i can agree. i think there is a difference between bitcoin in general and a bitcoin wallet.
the safety a bank can offer is that fiat will stay a valuable commodity or if fiat goes down, then the whole population will be in the same spot. if bitcoin on the other hand goes down, then you have a problem and since only a few would be affected nobody would help you.
the other thing is how safe your money is. if you have a good wallet and know how to handle bitcoin, then it is safer than a bank since nobody can seize your money. but if you do not know what you are doing then your money might not be safe.

[CoinFoxs]

I think btc wallet is a better option, despite needing  improvements, because bank fees  are too high. And there is the problem  of centralization, which can endanger the  funds of the users, depending on the bank.

Both banks and bitcoin wallets have their own importance, Banks are safe in the sense that if you loose your money from bank then you claim bank for your money and you will get back your money and bitcoin wallet is totally under your control, you are managing all your transactions but if someone hack your account and steal all your money then you loose all your money no one will give you your money. so both are good in my opinion, I trust both banks and bitcoin wallet.

[posternat]

I believe that, despite  the fact  that btc wallets still have to  evolve a lot to attract more users,  I think it is already much  better option than banks, because the use of btc  wallets can give to us real control over  our funds and, of course , better security,  if you know  how to use it.

I Totally agree with you. Anyway, I use both banks and bitcoin. Each has its uses at the nowadays. and we cannot ignore anyone of them.

[randy8777]

I believe that, despite  the fact  that btc wallets still have to  evolve a lot to attract more users,  I think it is already much  better option than banks, because the use of btc  wallets can give to us real control over  our funds and, of course , better security,  if you know  how to use it.

I Totally agree with you. Anyway, I use both banks and bitcoin. Each has its uses at the nowadays. and we cannot ignore anyone of them.

the great thing is that you don't have to ignore anything. as you also said, both have their advantages and different kind of usage for a lot people. why choose one when you can have both.

[JessicaSe]

I believe that, despite  the fact  that btc wallets still have to  evolve a lot to attract more users,  I think it is already much  better option than banks, because the use of btc  wallets can give to us real control over  our funds and, of course , better security,  if you know  how to use it.

I Totally agree with you. Anyway, I use both banks and bitcoin. Each has its uses at the nowadays. and we cannot ignore anyone of them.

the great thing is that you don't have to ignore anything. as you also said, both have their advantages and different kind of usage for a lot people. why choose one when you can have both.

Yeah and I don't see any valid reason to choose only one when can use both of them, as banks are important for day to day transactions as at this stage we cannot use bitcoins everywhere.

[Sidas_Crew669]

I believe that, despite  the fact  that btc wallets still have to  evolve a lot to attract more users,  I think it is already much  better option than banks, because the use of btc  wallets can give to us real control over  our funds and, of course , better security,  if you know  how to use it.

I Totally agree with you. Anyway, I use both banks and bitcoin. Each has its uses at the nowadays. and we cannot ignore anyone of them.

the great thing is that you don't have to ignore anything. as you also said, both have their advantages and different kind of usage for a lot people. why choose one when you can have both.

Outstanding information special friends. Indeed essentially bank or bitcoin wallet has advantages and disadvantages, so we just asked to choose which one very deserving to be used and is used in everyday life. Actually the question like this does not need to be done, as I'm sure everyone already understands which one can give something a good thing

[Noctis Connor]

I think btc wallet is a better option, despite needing  improvements, because bank fees  are too high. And there is the problem  of centralization, which can endanger the  funds of the users, depending on the bank.

Yes bitcoin wallet is better option if we are using bitcoin , and bitcoin is improving every year past and banks has fees ofcourse this is maintrame to support their needs so the banks will keep i live thats why have fees to pay those expenses too bank are not safe for me.

[jam1nut0]

bank because it is better to save money there than in wallet

[asriloni]

I believe that, despite  the fact  that btc wallets still have to  evolve a lot to attract more users,  I think it is already much  better option than banks, because the use of btc  wallets can give to us real control over  our funds and, of course , better security,  if you know  how to use it.

I Totally agree with you. Anyway, I use both banks and bitcoin. Each has its uses at the nowadays. and we cannot ignore anyone of them.

the great thing is that you don't have to ignore anything. as you also said, both have their advantages and different kind of usage for a lot people. why choose one when you can have both.

Yeah and I don't see any valid reason to choose only one when can use both of them, as banks are important for day to day transactions as at this stage we cannot use bitcoins everywhere.

choosing both to fulfil the needs is definitely a wise choice,but I guess this thread is asking about the comparation nor the usefulness for the life
so we need to discuss about both's advantages so we will have the conclusion which one having more advantages

[dunfida]

I believe that, despite  the fact  that btc wallets still have to  evolve a lot to attract more users,  I think it is already much  better option than banks, because the use of btc  wallets can give to us real control over  our funds and, of course , better security,  if you know  how to use it.

I Totally agree with you. Anyway, I use both banks and bitcoin. Each has its uses at the nowadays. and we cannot ignore anyone of them.

the great thing is that you don't have to ignore anything. as you also said, both have their advantages and different kind of usage for a lot people. why choose one when you can have both.

Yeah and I don't see any valid reason to choose only one when can use both of them, as banks are important for day to day transactions as at this stage we cannot use bitcoins everywhere.

choosing both to fulfil the needs is definitely a wise choice,but I guess this thread is asking about the comparation nor the usefulness for the life
so we need to discuss about both's advantages so we will have the conclusion which one having more advantages

You are right we are keeping on arguing on these matters in fact we could even choose both as long you have the money too. Investing and saving to Bitcoin and also saving up paper money In the bank as long you have. These things you would definitely sustain for so long becsuse of the investment you made.

[gerXhonza]

If your purpose is to safely store value, and independently of central authorities, bitcoin wallet is a much better alternative, in my opinion.

That's true but you also need banks as you cannot spend them directly you need to transfer your bitcoins to your bank account so that you can withdraw fiat to make purchases.

[The_Dark_Knight]

If your purpose is to safely store value, and independently of central authorities, bitcoin wallet is a much better alternative, in my opinion.

Yeah if you have your money in a bank your funs can be seized with just a few clicks on the other hand with bitcoin you can have your coins stored in a paper or hardware wallet and if you did a good job confiscating those coins will be impossible.

[dhimasnk]

in terms of security, the bank is better than bitcoin wallet, because the banks protected by the government and an authorized financial institution

[wikenpp]

in terms of security, the bank is better than bitcoin wallet, because the banks protected by the government and an authorized financial institution

Banks got a security but that is not unlimited. Like many things there are standard and limits. But yes overall the security is better, because when you got hacked with your bank account the bank will refund you (in most cases), with bitcoin that is different. When you got hacked, you will lose your coins forever. That's why I prefer the bank for security and bitcoin for speculation. In a way it's just an asset where we try to earn from. Having said that both are in their field equal and deserve a praise.

[dollarneed]

i don't think that bank are safe than bitcoin wallet, the bank can run away your money if they bankrupt and froze them due to your criminal activity or something , but if use bitcoin wallet you have ultimate controll over your money, no one can't froze it, hacking?? i think it's about how do you selecting your wallet and keep our privatekey safe

the security of your wallets are totally up to you. if your security isn't good, then hackers can run with your coins. that's why you at all times should have the best possible security for your PC.

The best way to storing your bitcoin is in hardware wallet or maybe paper wallet, you might storing them in online wallet but make sure the two factor authentication factor is enabled on your wallet, you must enabled this feature in order to secure your wallet, i think this one is completely safe.

[dmarine]

I use both, saving btc to sell at highest  price and saving fiat in the bank  to buy btc at lowest price,  when there is a good pricing  and the time is right..

[Doamader]

Sure we need both on daily basics, bitcoin is growing and may take years to be accepted everywhere, till that moment we need something safe to pay bills, banks are those now, bitcoin has huge potencial, but people arent insane to invest a fortune into bitcoin and be able to sleep without care about such investement.