Is Your Money Safer In Crypto than at the Bank?

[Early_Waffle]

Crypto assumes many effective protection measures. But still it is inferior to classical banks in terms of security, although it can be much more profitable financially.

[kojoannan]

My money is safer in bank than crypto. Crypto is full of uncertainty and the market can be bearish for a long time without even breaken even to the initial price you purchase your coins. Banks, are safe to keep funds for liquidity purpose, yet the interest is not great as in crypto.

[btc78]

Practically for me,its more safer in banks,because in there our funds is physically investednd secured but the thing is with only a small amount of interest that we can get,while in crypto our funds is virtual and has a big chance of gaining because of volatility..but the risk is largely compared to banks

[Adunni6758]

This is dependent on individuals. We may view it from different perspectives, but i feel it is safer based on how you handle it. If you intend saving your money in crypto, you will have to put some measures in place and be careful in handling it, because in this case you are in control of your own, instead of your someone else managing it for you and collecting bank charges from you. I just feel it makes you free and be in charge.

[papagravel]

I would not say that. I would phrase it like this: Money in crypto-currencies can give you the opportunity to earn a month more than in a bank in a few years. The truth and the risks are higher. But who does not risk that does not go to the Ferrari.

[saycryptohello]

While if considered from a legal point of view, the bank is more secure for money. But changes in the law, which recognizes cryptocurrency as an asset will solve this problem

[Rustamm]

I'll decide that in the next four years bitcoin will not reach the price of $ 250,000. This can not be even under ideal conditions. Moreover, this is excluded due to the fact that bitcoin is very sensitive to all negative news about the crypto currency. In fact, it's not bitcoin that reacts that way, and alarmists, at the slightest threat to the price of bitcoins in order to save their investment, immediately begin selling their bitcoins. In addition, a significant part of bitcoin holders will sell their bitcoins only because they will consider that a particular price of bitcoin is the limit for them, or because they will simply need large amounts of money. An example of this can serve as a story with Mt. Gox from Tokyo, which is said to have sharply lowered the rate of bitcoin in December last year, selling three batches of more than 20,000 bitcoins. The same situation will be repeated very often in the future.

Proceeding from this, I prefer to periodically take profit from the crypto currency and place it on deposit storage in banks.

[crypto1010]

This is an interesting topic but choosing between a bank and having to keep the funds on your own could be based on some of these factors like....

is it security you want, is it better interest rates you look for, are you tired of the bad service your bank gives you... all these are questions that need an answer when considering where to keep your funds but with financial regulations making your choice obvious you could keep some of your money with a bank and then the rest could be considered as an investment and stored in cryptos to avoid missing the investment opportunity of being an early adopter.

[MonkeySlapFest]

It would be safer to keep your money in the microwave.

[Oladejielisha]

I really love this discussion. In my own point of view, my bank is save for my money but in other side cryptocurrency is very dependable and very reliable to invest on but is not that save in terms of security.

[Rammygold]

Is your money safer in Crypto than at the bank?
This is a question that is simple as ABC because its more safer and profitable to safe in Crypto though it depends on the project

[iigor]

Banks are a lot safer. First of all the banks have experience, second their wallets are huge and this kills variations. And third your money are guaranteed by laws.

[dewi91]

Of course bank Is safer than crypto but eventhough crypto have the risk I always thinking invest in crypto is the best way to make more money. investing in crypto Will give you a lot of benefit and you can saving advantage of investment in crypto for your future. Its better If you can guarantee your future than you just saving your money in bank.

[alt-fire]

I do not feel that my money is safe in the currency. but I do not trust banks either. in my country banks and crypto-currency are equally not safe))
so I choose crypto currency

[s.Zavgorod]

Even the jar is under the bed much safer bank. Because there is interest, Commission, etc. For a couple of years, your capital will either not move or lose weight.

[Fugaga]

Money kept in bank is the safest place but money kept in cryptos is an investment, and as we all know that investments carries it's own risk and disadvantage, in other words, a bank is different from cryptos.

[filipeandre]

crypto is still to volatile to store money. its still very risky

[CLS63]

of course yes. There are extraordinary state in Turkey. The banks are not safe enough. I keep my money in the crypto.

[Clavulanic]

of course yes. There are extraordinary state in Turkey. The banks are not safe enough. I keep my money in the crypto.

It depends on what kind of wallet where the money is kept. Also,for the bank because if you chose small banks and not the bank that runs for a very long time,there is a possibility that the bank will end up bankruptcy because of few investors in it.  Therefore,the management has to be very strategic in terms of convincing ang given platforms for tge bank. On the other hand,yeah I feel safe in crypto because I don't pay any taxes and at the same time I can check it on my own. Unlike banks,I have to go there and check passbooks.

[ar72]

Bank is safer. And when we lose our money in the banks we can complain to them. But when we lose our money i  crypto where we will complain, there is no regulation.