Is Your Money Safer In Crypto than at the Bank?

[elwiswoodie]

crypto assets can not keep our money more stable
the rapidly rising and falling prices make the asset's value very rapidly changing, leading to concerns about the fate of someone's property stored in the form of crytocurrency

[1714975359]

1714975359

[1714975359]

1714975359

[1714975359]

1714975359

[masbimz]

I still feel safer to keep in the bank, but sometimes I set aside some in crypto, to make a profit, but there are only concerns in me because there are many cases about hacking. Therefore also I still must be vigilant if there is an awkwardness here

[rockybar]

money is more safer if you keep it on the bank. but by keeping you money on the bank it will not grow same as you put your money or invest it with crypto. investing your money on crypto you must consider the risk that the price will dump, there were hackers want to hack your wallet, but there were probably an opportunity to gain more profit x2 x4 or even x10. and the only thing is just make some risk investing on crypto and earn.

[laracastvue]

For me i will say No because at the moment it is more save and reliable to keep your money at the bank as we can all see now how very often the internet is been attacked by hackers.

There are a lot of alleged news that market's right now are being hacked and some of the investors lose their cryptocurrency so banks will be obviously more safer but still bitcoins is much profitable than banks due to the markets volatility.

[Matilda]

For me i will say No because at the moment it is more save and reliable to keep your money at the bank as we can all see now how very often the internet is been attacked by hackers.

There are a lot of alleged news that market's right now are being hacked and some of the investors lose their cryptocurrency so banks will be obviously more safer but still bitcoins is much profitable than banks due to the markets volatility.

For adventurous people, the encryption market is a good investment field, where you can get a higher return, relative to the bank.

[GeckoTrader]

I am more convinced that our money is much more safe in cryptocurrency than in bank because the security level of your money will depend on you. Also, it is unanymous so only you know the amount of money you have.

[Underw00d]

For most people on our planet, cryptocurrencies are something very difficult to understand. Therefore, most choose their usual option - to transfer money to the bank, only because it is much easier than to understand the nuances of new things.

[Mkpez]

I think in money safety, no place can be compare to Banks. Crypto is not where money is kept for safety rather it's where you plant money to grow.
For investment purpose, you are advised to go into crypto, you know investment goes with risks while Bank is a place to secure money.

[usamamalik555]

I think if you keep your money in crypto, there will be more risks than you have money in the bank. But if the market goes well, you will make a lot more profit than you can ever make from bank.

As for me, crypto is safer. Fist of all, no one is counting your money and asking where they come from. While doing transfer fee is lower, it is much faster and finally it is safer. Just have a good wallet, protect your computer, be a conscious user and everything will be ok.

[Ryanpaul80]

crypto are profitable in the first place but it has a little bit risky, there are people wants to hack your your wallets ang steal your holdings. but there are lot of ways you can double your security by keeping your passwords private key privately. when your money is in the bank you can get more profit.

[Yakapo]

Investing in bitcoin doesn’t ensure safety. But, please note that if you are after higher returns then there is always risk involved. If you want to play safe, bank FDs are good.

There is no central authority which controls bitcoin. I don’t think this is drawback. This is rather advantage as no single authority can control bitcoin. It’s purely driven by people. So, it’s more safe than other currencies in that sense. No authority can demonetize it.

[Donationcoin]

Tim Draper: More Secure in Bitcoin Than the Money Sitting in Wells Fargo
Venture capitalist Tim Draper is bullish on Bitcoin and believes it will reach $250,000 in the next four years.
Originally published at cryptodisrupt.com

From what I know, I could say that cryptocurrency is not the safest investment capital, if you would put your money in the bank, in my humble opinion you would be more secure that it would still be yours.

[bit..what?]

I'm unsure. Banks are very safe here in the country.
Therefore, i can only speak for myself and say that both are safe.
Both systems have their advantages and weaknesses, but i regard both as safe.

[HauntOne]

Even at the moment, considering all the flaws of the crypto currency, in my opinion it hits the banks in many ways.  And what about the security account, then this falls on the responsibility of the user and this is fair

[uletkeket]

Accorsing to me be safer in the bank than crypto because in the bank there is security. If get bad condition we can complain to the staff there.

[Aponkye1]

for safety issues keep money in the bank and earn just a penny but for huge profits take the risk and invest into crypto because crypto is here to stay.

[malizechris]

Of course. You already know the answer right?

But for the benefit of doubt, I  advise that you keep some money in the bank so as to take care of yourself as the need arises. Not that it's totally safe or rather safer to keep money in the bank other than leave it in Crypto.

Use a larger % of your fiat to invest in Crypto and try to have a long-term plan. It pays.

Thanks.

[doctordidi]

if the security talk I prefer to keep my money in the bank, in the crypto we can profit and also can Loss, we just rely on luck, but did not rule out I have a plan for some of my money, I save dicrypto, soaps know luck in favor I am later in the Day.

[saadat6868]

 I can say that my money is safer here, but my money here is not remaining the same amount that I have put it here so this is the problem with cryptocurrencies.

[camillesalazar00]

Well not over the last 6 months lol, I'm about 70% down with crypto and the money in my bank is still perfectly intact.