Is Your Money Safer In Crypto than at the Bank?

[cacakuswaya]

The Bank is safer than crypto. You understand that the market can fall and you can lose a lot. But I like to invest in the crypt because they use the technology with which my income increases. And it's very cool

ndeed bank security is more secure than crypto, but crypto is more profitable than in bank because our profit can be doubled.

[denulh]

I do not trust the banks in my country. Many people have lost money but they do not know the reason. The government does not investigate the cause of the loss, I completely lose confidence in the bank in my country. That's why I chose cryptocuurrency. I believe that in the future Cryptocurrency will grow strongly, it will become a safe place to save money. If we invest long term in crypto then in future we will have a lot of profit. But we should put our money into Bitcoin or other potentially good altcoin.

[Angelina Jolie]

The most reliable way to store money, it's your own purse or pocket. In general, it's better to keep money in the cryptocurrency of course, in the bank you will not earn anything.

[culberth]

Actually bank are more safest because if you losses your money, you can sue the bank and there will be compensation. It's different with crypto when we get scamed we can do anyting. But save money in crypto more profitable than bank especially when the price rise but sometime the price can go down too. So it's up to you.

[Atang Sulaeman]

for some people will keep it in the bank, and some will invest it on the crypto, because of each that we save has its own risk
At the bank, we will be more calm to save money because it is safe without any big risk but the money will not increase quickly without us adding it.
in the crypto coin we will have to multiply that if the money we invested already has a fairly large selling value, and its risk on crypto coin if we invest it could be also the price on the coin decreased and we must wait for him to ride his new sell with the profit we want right

[Domino68]

money is safer to store in the Bank than in cryptocurrency. the Bank has less risk of losing them.

[BigBoy89]

Crypto is not good option to store money. Crypto is all about investing. This are totally different options. For storing money, the banks are the best options. They are very good in it and we have a lot of laws that protect our money.

[Sman2546]

THE TRUTH IS MY MONEY IS SAFER IN THE BANK BUT USELESS TO  ME. IT ONLY BENEFITS THE BANKERS. I RATHER LEAVE MY MONEY IN CRYPTOS THAN TO LEAVE IT IN THE BANK.

[rockybar]

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. use an autheticator for your wallet, emails that contains important documents. lastly always remember that safe browsing on the web is more safer. if you put your money on the bank is a little more safer than crypto, but it is not profitable. only the company will earn profit by using your money.

[kliown]

It depends on how bad the banks are in your country! Cryptocurrency is quite volatile and that is why many people I would not advise yet to invest in cryptocurrency.

[doyyulto]

In my opinion more secure some of my money is stored in the bank. Because it is impossible I keep everything in the form of crypto, because in the business world that I run still use the official money issued by the government of my country in the form of dollars.

[vladaziya4]

I think you should look at your own prospects, no one can solve this problem for you, because there must always be an opinion. Thank you.

[Yantoaja]

If comparing the level of security between saving money in crypto or at the bank, I think the best level of security is the bank on the crypto appeal. Banks still dare to guarantee when our money is stolen or hacked, the bank will refund our money 100% and those who bear its loss as a consequence. But when our money in crypto (stored in the wallet) is stolen then we can not do anything or restore it (because it is difficult to return our money back).

[asdn192zhhhh]

I think that depositing money into the bank is the safest, but if you want to make you rich, I think you still need to invest in cryptocurrencies, because cryptocurrencies can make your money more or even double.

[asdn192zhhhh]

I am not sure that money in crypto currency is safer. Only 1 mistake and you can lose everything and nobody will help you. It's not too cool(

[Babyfaceless]

I think your money is safer in the bank as you pay them for securing your assets. Thats why they require those high transactions and other fees for your protection. The decentralized nature of crypto on the otherhand always you to freely make any transaction without the intervention of any financial institution. But of course with your own risk.

[Kulang]

Putting money in a bank is the safest way to hold your money that is no doubt but if you are wanting to earn money by just holding it on your own then crypto is the best way because it can able to double or even triple you money in a short span of time.

[L.Wolf]

Both has it's advantages and disadvantages. But if you are asking where is much safer, I would say the bank. Securities in the banks are upgrading.

[Nalbo]

I'd say bank.
Crypto has became more like an investment and speculation platform.
Bank has no problem of huge price fluctuation, they have no problems for hacks (if hacked, it's the bank that bears the loss) and there would be no problem for your if your money came from legit source.
While crypto investment are more like securities/stocks, you bear the profit and loss of the company. You can be rich as well go bankrupt.

[hidden jutsu]

well for me, it is. even banks have some issue of scam or your money is being stolen by some individual without known reasons. if you have put your money into crypto, and used hardware wallet, it will be safe enough to save your funds.