Is Your Money Safer In Crypto than at the Bank?

[DraGoN7b]

I think that you risk more here than when you are dealing with a bank. Of course, by investing a good bank, you will ensure your safety. But the bank will not make a big profit.

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[kriptoman171]

Keeping your money safer is always in the bank. Crypto is not a safe place to store, firstly the prices are constantly changing, secondly there are no reliable wallets for storing crypto.

[EmmaBen]

Millions of crimes are committed annually using cash. Slightly fewer crimes are committed in the sphere of the economy, with the help of various funds and off-shores. And only a small percentage of all these crimes with the use of crypto currency.
Banks every day "rob" ordinary citizens through high interest rates on loans.They will never give up the hen that lay golden eggs,. The economic war between fiat money and cryptocurrencies will be very tough.

Yea, very very tough but eventually, when the chips go down, the whole world will know that which truly holds its interest at heart, and that which serves only a few. For now, by way of economic confusion, and etc, it is just the tip of the iceberg we are seeing. Truth is; bitcoin is one of the few inventions that will experience the stiffest forms of opposition, and if forms of prosecution of past eras where allowed, Satoshi could be hunted and perhaps murdered like Galileo Galilei.

Perhaps the best response:
"Draper was more brazen in his responses and implored the crowd to use fiat if they were looking to facilitate their own criminal activity as many Bitcoin criminals get caught."

[NORD YGGDRASIL]

Cryptocurrencies have always been a very risky investment, especially for those who prefer short-term investments. But for people who choose long-term investments, this works quite differently. Bitcoin is the safest asset in this regard. The income of long-term Bitcoin investors far exceeds the similar income on bank deposits.

[Tarion]

At the moment no. It is much safer to put your money into a bank account. The crypto currencies market is very unstable and could lead to your deposit loss. But on the other hand you can become reach by hodling such a sum in crypto currencies.

[TIDOVEE]

I can't say money is safer in cryoptowallet than bank.
Whichever money that get to the bank and get missing is at the banking organizations detriment. Because it has to be refunded. But any token lost in one's crypto wallet is at one's loss. Especially when it is lost to hackers.
The difference is, no one can easily access your account without your passwords - for crypto.

[okour999]

for the bank is more secure as it is the most money-money bank in our country because it is safe for crypto or exchanger because it is as good as exchanger funds to be stolen for exchangers who are not too strict in security because they can steal stolen so much better in the bank than the exchanger.

[liveyourlife]

Depending on which Bank, if we talk about the banks of the CIS countries, then Yes, to keep all your money in a reliable cryptocurrency, it is more secure than in the Bank.

[yingfeng]

Of course. This is one of the most important advantage of cryptocurrency. You do not need to trust your funds to third parties (the bank) anymore. You are responsible for your funds.

[94K]

I think when your money is in crypto is really safe than being at the bank. This is because, at the banks it is controlled by a body which makes it centralized but in crypto you have a vas access to everything and it is decentralized.

[faceoff97]

I always see Crypto as safest mean to store assets. Since the technology behind it does not require any tgird trusted party, no one has control over your funds but you alone. Crypto is going to be the future of making funds have the full security, there is no way someone can interfere on what you have. The only thing you need to consider is to choose a good wallet that maximises the feature of Crypto which ia having an open source technology. You might consider HODLER wallet, it is a open source multi wallet giving the most simple design and having great security.