Bank or Bitcoin Wallet?

[greBit]

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

I disagree since the wallet protects you precisely form those banks and governments, that is something that the bank won’t do

If your bank account gets hacked then banks will stand in your support to recover your money, but if your bitcoin wallet gets hacked then there is a least chance to recover them.

Banks won't stand in your support. If it wasn't for their own advantage, they would never do it. They're helping you because not doing so would lower their reputation (imagine a website being hacked, money being stolen from users... now imagine the difference between him trying the best to take the money back and him leaving the Internet and going away with his profits caring nothing about their users). So they are both a bad option for long term (years) storage. Storing your money in  pure gold is the best option to rely on.

I hope that you do have a bank account and you know the rules and policy of banks, my account got hacked and bank returned me my entire money with interests, if you are not aware then don't make useless posts.

[Ewinsane]

i think that bitcoin wallet is much more better than bank wallet because bitcoin increasing its price too much faster day by day and bitcoin is very profitable and very secure than bank wallet and bank wallet have a huge fees and people face to a lot problem with bank wallet.

[KingdomHearts]

i think that bitcoin wallet is much more better than bank wallet because bitcoin increasing its price too much faster day by day and bitcoin is very profitable and very secure than bank wallet and bank wallet have a huge fees and people face to a lot problem with bank wallet.

Yeah bitcoin wallet is much more good than bank wallet because bank have big taxes and big fees that is unable to pay for me so i also using bitcoin wallet which have too much lowest fees and no taxes abd bitcoin is very much profitable for me than Bank wallet.

[michelle1845]

If your main focus is safety, I believe the btc wallet is a much better alternative. Can be better than banks also because of the low charges.

[Indrawan77]

i think that bitcoin wallet is much more better than bank wallet because bitcoin increasing its price too much faster day by day and bitcoin is very profitable and very secure than bank wallet and bank wallet have a huge fees and people face to a lot problem with bank wallet.

I also think like that, even though the bank give us interest but it still lose with the bitcoin increasing price,  so i think bitcoin wallet is a better option and also we can do transaction anonymously, so there are a lot advantage using bitcoin

[Japinat]

i think that bitcoin wallet is much more better than bank wallet because bitcoin increasing its price too much faster day by day and bitcoin is very profitable and very secure than bank wallet and bank wallet have a huge fees and people face to a lot problem with bank wallet.

I also think like that, even though the bank give us interest but it still lose with the bitcoin increasing price,  so i think bitcoin wallet is a better option and also we can do transaction anonymously, so there are a lot advantage using bitcoin

That is only the benefits of using bitcoin but banks has a lot of benefits and more secured compared to bitcoin. Therefore if you have a lot of money never trust all your money in bitcoin but put the major portion in bank.

[trinaldao]

If your main focus is safety, I believe the btc wallet is a much better alternative. Can be better than banks also because of the low charges.

bitcoin is more safe "if" we can save our private key at safety place, and we know how bitcoin work.
the problem not all bitcoiner know about "prive key" , and he using 3rd wallet like xapo, coinbase block.io etc.
3rd wallet is like a bank in bitcoin world

[drwtsn32]

If your main focus is safety, I believe the btc wallet is a much better alternative. Can be better than banks also because of the low charges.

bitcoin is more safe "if" we can save our private key at safety place, and we know how bitcoin work.
the problem not all bitcoiner know about "prive key" , and he using 3rd wallet like xapo, coinbase block.io etc.
3rd wallet is like a bank in bitcoin world

And not mentioning that these 3rd party wallet (banks) are all online. It means someone somewhere holds your information!
May I ask how safe is that? That is not safe! Especially if we talk about money.

[blackmachinegun]

I prefer botj.. Due to some may not accpt btc yet.. Atleast u have an alternative ways to use.

yeah because we can not rely only on bitcoin to live in this world. You can not shop or spending for food and drinks with bitcoin
you need a fiat to pay for it. so I think do not a hypocrite and say that you can use bitcoin for all things ?

[mirakal]

I prefer botj.. Due to some may not accpt btc yet.. Atleast u have an alternative ways to use.

yeah because we can not rely only on bitcoin to live in this world. You can not shop or spending for food and drinks with bitcoin
you need a fiat to pay for it. so I think do not a hypocrite and say that you can use bitcoin for all things ?

That is the reality that everyone should understand, bitcoin is just an alternative currency and it is only dependent on fiat, we cannot live with fiat and banks regulate fiat so basically we need banks to save our money and to safe keep it.

[Cryptogott]

Wallet ofc. I don't give banks a penny. I can secure my coins my own. It is not hard.

[DuckKeeper]

Bank or bitcoin wallet what i do know is that both can be used for other things and i know for sure that banks can hold your coins many times safer than bitcoin wallets will do.

[CoinFoxs]

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

I disagree since the wallet protects you precisely form those banks and governments, that is something that the bank won’t do

If your bank account gets hacked then banks will stand in your support to recover your money, but if your bitcoin wallet gets hacked then there is a least chance to recover them.

I agree with you, Banks are safer then bitcoin wallet as you told that bank are on our back and we get our money back through banks while in case of bitcoin wallet if we loose our money then no one is on our back whom we claim for money and no one can recover our amount that is lost so Banks are the best option.

[goinmerry]

Bank or bitcoin wallet what i do know is that both can be used for other things and i know for sure that banks can hold your coins many times safer than bitcoin wallets will do.

That is correct. The truth is why question it both or why make a versus in those two. Banks have different idea when it comes to money. The creation of bitcoin is also for a new purpose, so it doesn't really needed to be answered. I also think banks can adapt with bitcoin.

[The_Dark_Knight]

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

I disagree since the wallet protects you precisely form those banks and governments, that is something that the bank won’t do

If your bank account gets hacked then banks will stand in your support to recover your money, but if your bitcoin wallet gets hacked then there is a least chance to recover them.

I think you didn’t got my point, of course banks will do that, but who protects you from the banks? No one, just look at what happened in Cyprus a few years ago, Cyprus government literally stole money from the bank accounts of the people and the banks agreed to it, bitcoin protects you from that, banks and governments are a bigger treat than any hacker.

[RobinHoodster]

I would choose bitcoin wallet. For its unique process and no much charge for transaction unlike banks especially if you are processing higher amount. Banks has some issues when it comes to transaction that makes every process complicated..

Yeah some banks calculate alot of fees and bitcoin has close to zero fees for the most part and it is very quick.
Normally sending to another different bank takes long but with bitcoin everything is universal allowing us to send eachother and receive instantly which is a great feature.

[sirohige]

each people have diffirent needs, like me im not yet married so i prefered to use bitcoin, for saving my money for long term and hidden from my future wife  

[danherbias07]

each people have diffirent needs, like me im not yet married so i prefered to use bitcoin, for saving my money for long term and hidden from my future wife  

Even with married couple this could work. It doesnt affect the investment part. Even when you have kids also. Actually it the other way. It will create more income for the family and could also expand the budget. Plus you can have some money when you need it.

[MWesterweele]

Most of us have both. Unfortunately we can't have only Bitcoin Wallet to serve all our needs nowadays. I know some people are having fun trying to live using a Bitcoin Wallet only and I also know that some of them succeed but if you have a family to care about that's impossible now.

Yes thats pretty true most of us are can't use bitcoin wallet because they don't know what is bitcoin wallet is or what is it in the short some of us as trying to live using bitcoin that they can easily get money there by gambling or anything else

[gkv9]

Most of us have both. Unfortunately we can't have only Bitcoin Wallet to serve all our needs nowadays. I know some people are having fun trying to live using a Bitcoin Wallet only and I also know that some of them succeed but if you have a family to care about that's impossible now.

Why do you think that people can't live with bitcoin wallet alone if they have a family with them???
I am not having a Bank account, I am using my dad's bank account to use for my fiat that I get from my bitcoin earnings, and where do I get my coins??? Bitcoin wallet, right??? Then why shall we not have a bitcoin wallet even when we have a family???
What has it to do with being alone or being a family person???