Is Your Money Safer In Crypto than at the Bank?

[isetter]

Banks are a safe place for you to save. The crypto is where you can invest and make a lot of money. So the bank is safer than crypto

[cryptomoon1003]

Banks is the safest for risk, but I prefer having part of my portfolio in risky assets and the remaining in safe places

[globalcitizen]

If you are talking of being safer in the sense of less risk involved then I will say bank but if you talk of being safer in the sense of absolute control of your fund then I think crypto is good to go. But don't forget you may lose all your money in crypto without warning than if is in the bank.

[liam111]

Bank guarantees return of your funds in case of their theft, in crypto you should be VERY CAREFUL in order to protect your funds from different scammers and hackers, and it will be very difficult to return your crypto back.

[duoduoshigexiaozhu]

No, I don't think that putting my money in the cryptocurrency market would be safer than putting it in a bank,But putting money into the market will make me happier Because it makes me richer . Haha

[niteroy]

I think it's safer to keep the money in the bank but it's more profitable to invested in the crypto currency market !

I do not trust the banks with my money, I keep only the money in the bank that I need to pay communal payments, food and other small expenses. All other money I send for the purchase of Bitcoin and other cryptocurrencies, and also invest in various ICO projects. Unlike banks in cryptocurrencies, I like the fact that my wallet, in which coins are stored, no one can block and all my transactions also can not be blocked by anyone.

[Grifosha]

In Russian money is safer in crypto, because a banks unreliable and can collapse at any time. Besides goverment can take your money through court bailiffs. Thus, crypto is so popular in Russia.

[trobbert]

Most people simply do not know about the cryptocurrency and do not understand its advantages. To translate a billion, you need to call up with the bank, pay a transfer fee, solve problems, wait a lot of time. With bitcoin, this is done in a few hours with a very small commission (for now). Ordinary people do not need to think where to save their savings - if under the mattress, then they are slowly eaten by inflation, and if in the bank - then the bank can revoke the license and they will lose their money. In bitcoin, inflation does not eat up money - its value only grows and people never lose their money, because they are not stored somewhere and at someone.

[sserge009]

Many institutional investors have changed their minds about critico recently. the deep crisis of the world financial institutions, which began with the crisis of the mortgage market in the United States, has become priceless. For several years, many experts have called crypto a real opportunity to find a way out of this protracted decline in the market.

[multimix]

I think bank is the safest place to store money, but saving in cryptos brings about increasing in the money, when one invest money in cryptos there is probability of increasing by 2x within months.

[zxl912157]

I will keep my money in the bank because the crypto is unstable and I can lose my money.
I'm more confident to save my money in Bitcoin than altcoin.

[waiki]

Maybe I will keep my money in the bank rather than in crypto, because saving money in the bank will not disappear if we do not take, and if our money is lost for no reason it must be replaced by the bank.
And if our money lost in crypto then lost no one wants to replace our money.

[dollurs]

Definitely your money is safe at bank than in crypto market. Crypto is a very uncertain market. Anything can happen there. May be you will be a millionaire with a little investment or you could be a bigger looser if the market goes against you withing few days. even few hours.

[SolomkA]

I do not think that it can be said that in the crypto-currency, money is more reliable than in a bank.
If this is an investment for the purpose of earning then of course it is a crypto currency.
But the risks in the crypto currency are great.
Fiat is still more stable.

[granchio]

I am not sure it is safer to hold your money in crypto, instead of bank. But on the other hand, I don't think traditional exchanges can give you as good profit opportunities as crypto.

[DK1984]

Kinda of difficult question but for me it is safer to hold money in crypto for example if crypto would fall you would be able to bring some part of your money back, but if bank fall you would gain nothing

[Anna8]

If I have only these two options to choose, I would choose banks, at least for now. That's because of volatility. In 2018, cryptocurrencies are not as stable and reliable as fiat. And the risk of losing your money in the moment you need it most is really huge.

[alexzorgo]

I think this is the reason for the stability and relative predictability of the market.
The state and banks are interested in each other.
Additionally, banks have a certain level of obligations to their customers, but only in the case of their financial solvency.
But all this did not arise from scratch and at once. The infrastructure of banks has also been developing for decades.
For the state, the crypto-currency market is an ugly duckling among swans. Crypto-currencies must survive on their own to prove their right to a place in the sun.
The crypto-currency market is still at the beginning of its development. The lack of sufficient capitalization is accompanied by a low level of infrastructure development. Nobody wants to develop their business in a relatively low-liquid market. Large investments in the service require a certain prediction in the market.
How can you predict in such a market with such volatility and capitalization?
Therefore, large money patiently wait and look at the crypto currency for so long

[JohnMacZeppelin]

Of course, there is a lot of risk in the crypto-currency sphere, moreover, the ambiguity of the market today as a whole creates very serious risks in order to earn money, do not need to invest in one project, and it is better to invest in several projects at once

[cryptocurrencyguru]

crypto is safestest but we need to know how to safegaurd crypto coins in cold wallets and protecting private keys as well so cryptro security is very needed