Are crypto currencies' are far better alternative to banks?

[GreenishCoin]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

[1714775932]

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[NerdYale]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

If you are talking about investment, bitcoin gives more profit than banks. Banks in our country can only give at most 3% per annum, a very small share even if you have huge amount of money. But if buy bitcoin with your money and hold for a year, it can even double or more.

[liuqi]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

Both are same process we should invest our money. But cryptocurrencies make more profit in short time. Banks are only protect our money so most of the peoples are interested to favouring crypto platform but most of the governments are against in crypto currency because it is reduce the bank profit most of the countries are avoiding the cryptocurrency.

[simple999]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

yes, in them the commission is more pleasant, and in general much better))

[Wipro]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

100 percent you cannot compare the bitcoin with the banking completely stupid. Banks are centralized and fooling the world for scratching the money from the hard earning people. That is their work actually but understanding about bank in this world much safer than any place.
Bitcoin is decentralized platform where we can save out funds on the own wallet with in your mobile or desktop. No one can gonna touch or use your money for any purposes.

[redsap]

yeah they are far better than banks
bank can be manipulated but bitcoin can't manipulated by a person, it flows naturally
and because of that many people like to use it for a transaction and for stored value

[tot-o]

Yes it is, and it would be just amazing if after years almost all of establish are accepting coins as payment depend on their product category so all coins could functions in our daily lives.

[avikz]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

If we are looking forward to "one world one currency", bitcoin obviously looks like a better option. But as per the current socio-economic scenario, banks are looking good. But as you know, nothing can be flawless in the world, I won't be surprised if conventional banking system is phased out slowly. Anything can happen in future. If we see majority of the governments adopting bitcoin, crypto banking system will not be a far fetched dream.

[bitbunnny]

Many people would like to avoid banks. They don't like them, don't trust them or they think they only cause world economic crisis.
Cryptocurrencies are the alternative that we have but unfortunately they can't replace banks or make them disappear. Cryptocurrencies still can be used only as a side investment or partial payment method because they are not fully accepted and regulated, world economy can't be based on them.
Unfortunately, banks will keep their businesses and cryptocurrencies could help them to understand that alternative exists and that they have to make their businesses more honest and clients oriented.

[djsugar]

If returns are your only criteria of judging a bank, then yes, cryptocurrencies are a better alternative since they give better returns than Bank Schemes. But, if you want security for your money then obviously cryptocurrencies are a big NO while you can trust banks blindly on this.
Ideally, you should invest 50% of the funds in cryptos and rest in your banks.

[beskid]

Crypto currencies are a direct threat to both banks and governments of all countries due to their decentralization (not including some crypto currencies created and counterbalanced by banks). And whether the crypto currency is an alternative to banks is very difficult to say. While it will be considered as a tool for speculation, banks will be in priority.
Once people understand that they can change the crypto currency in the world and stop speculating on it, only then it will become out of competition.

[pey]

They are not far better alternative to banks for sure, there are lots of issues right now and not all altcoins are actually currency or exist to be alternative to bank system. Bank system is still better to me.

[daarul50]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

Bitcoin is definitely better than a bank to invest. Banks only give the highest 3% to the amount of money we save but with bitcoin, we can get more than 3% profit because the fluctuations that occur in bitcoin are much more active than conventional currency.

[Rath_]

I would say that it really depends on the person. I guess that there will be people in the future who still won't be able to use software wallets or encrypt their private keys properly. They would rather put their money in the bank which will be responsible for the security of their funds. However, young generation might learn quickly how to deal with keeping cryptocurrencies safe. Banks won't be able to conquer with cryptocurrencies in terms of transaction speed and anonymity. It takes quite a long time for a wire transfer to be confirmed (especially on the weekends) where in Bitcoin you need only 10 minutes on average and high enough fee.

[WUUEX79]

According to the facts of the field, cryptocurrency is better than banks. In addition crypto has many benefits and functions, we as users can treat crypto by way of investment, trade or as currency like in japan country.

Banks are actually created by the state based on state law and they often offer several types of loans to the citizens but in truth they strangle the neck of citizens with various types of interest, of the kind of loan options they offer.

Those who criticize usually come from government officials or banking who feel worried that cryptocurrency can cause a bad effect on the stability of state finances.

[muhammedb]

cryptocurrency is more preferable to me than banks, because you can easily withdraw your fund when you need it without contacting any third party, and you can also access your account when you like without any body questoining you, which make it self reliance and control.

[kefir56]

Well, u can't be robbed by crypto-thieves, it is more safe, thats what i tried to say. But banks gives u some guaranties

[~Bitcoin~]

- There will always be a bank supported by government because with crypto government can't impose tax and control money laundering.
- In future banks might also issues blockchain based tokens but centralized one.
- Bitcoin will remain as first choice as crypto for citizens to have financial freedom.
- Many countries might keep their ban on crypto trading because they want to promote their own tokens issued by banks.
- Cryptocurrencies are better than banks but I don't think it will replace bank at any point because governments will always stand against that.

[Carmen01]

No need to ask what is good?,or alternative or what is better?,Crypto and banks are need because we can save money in this both so use them both for more good to secure and for the safe of your money,I think there's no assurance in anything in banks and wallet here in crypto but we need to take some risk in life because sometimes that's good and we need that

[Veterock]

Cryptocurrency can't be an alternative to the banking system until the state regulation of the crypto currency isn't introduced