Is Your Money Safer In Crypto than at the Bank?

[Jaggi90]

Bank is much safer than anything to invest your money. But the returns are very less or nothing. But if you are willing to take risk , then invest in crypto and enjoy your high returns.

[Russlenat]

The safer for me to hold my money is the bank because it is the most secure way and you just can earn small profit on it, but in crypto is the other story because it is consider as an investment and it is a risk, you can be a millionaire or lose in instant.

[Fatimah Azzahra]

I think it's safer if you keep your money in the bank, just a profit from very few banks with little risk.
if you want to look for profits that invest your money in the currency crypto but the level of risk is also quite high.

[Alpha0One1]

I've split both my assets in crypto and banks.

I like the idea that I am the bank and responsible for all my holdings. It's my accountability to keep it safe.

I don't like the idea of the banks keeping my money, it's like I only have "rights" to it when I go to the bank or ATM machine. This is entirely true since the banks have my money and they can run away with it.

But we still need banks (for now) since we have not reached mass adoption of crypto yet. If I can immediately pay for groceries, bus fare using crypto on a day to day basis, I'll probably go 80%-90% on crypto.

[chipzeru]

Safe in what? of course it's way much safer to save your money in bank when it comes to security as bank has insurance in case if the funds got hacked and that sort of things. But if you mean safe in value, if you believe with Tim Draper's prediction then it's your choice to save your money in crypto.

[gigusico]

I do not think that they will always be safer in the bank than if I kept them at my place, there is some kind of insurance in the bank about theft in crypto

[xabi alonso 88]

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.

[airdropcoin]

I don't think any system security can surpass the bank at present. After all, banks have a history of several hundred years and they have more experience. But banks will make your money less and less. They usually lend the money to the rich.

[bayarau]

The safer for me to hold my money is the bank because it is the most secure way and you just can earn small profit on it, but in crypto is the other story because it is consider as an investment and it is a risk, you can be a millionaire or lose in instant.

Is banking the safest way? You must laugh! Over the years, banks stealthily robbed us all, offering interest on the deposit below the level of inflation. Insurance covers only a very small part of your money. Inflation for decades turns money into garbage.  The hardest currency in the world - dollar is not provided with a gold reserve. I can continue for a very long time!

[Gelie13]

For me, banks are the safest in keeping your money if your intention is only for saving but it's not wise to just place your money there due to very low interest and its value becomes lesser over time because of the inflation. In crypto, it was really risky to put your money especially when to do not have enough knowledge on how to wisely trade and invest. You need to have an effort to know how it really works for you to have an advantage for potential gains.

[Asuspawer09]

Obviously, it is not. Cryptocurrencies are mostly volatile, as such risk is present unlike in banks where security exist. Indeed, turning or converting your money into cryptos would be profitable but still, it is also risky. If the concern is securing your wealth, banks would be a better option to do so than in cryptos.

[tangbori]

I think its safer to keep your money in bank because of the volatile nature of cryptocurrency, if you invest $500 in crypto its possible your money go down in value to $200 bit when its in bank then you will still have your $500.

[xenomorphe1]

Money is safer at the Bank than in Crypto. Crypto is only for trading and is too volatile. It is only for a short period.

[jessicaldiaseso]

When we talk about safety in the crypto community, then it means your own safety depends on your very self and no one else. So there is no doubt that banks do have better security system more than cryptocurrency but the best thing about bitcoins is that, the growth of your profit is very fast and much better more than placing money on banks.

[Sandeep24]

I think without taking risk no one can make money. Crypto market is volatile but there are chance to get more profit beyond your expectation. Your money will be safe in bank but you can not make profit on your saving as you want.

[Brigalabdis]

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 also think that because internet was such a risky thing and it is too hard to be safe in internet.  There are so many hacker on the internet and also at your wallet.  We know that there are some hacker through atm machines but there are more easy to hack at the internet because when you've lost your money, then you never get it back.

[Donationcoin]

I don't think having my money in my wallet is safer than in a bank because bank have insurance if someone stole/hack funds, if some hacker will stole my coins from my wallet I will just loose my coins.

I would love to have some bank, which would accept my cryptocurrency, and store it, and steward it, and giving me the percent back, just as regular bank does.

[felikszemdegs11]

Obviously not haha.

[hell_slayer]

Is Your Money Safer In Crypto than at the Bank?

I don't think so at the present moment , but crypto is also giving you a chance to multiple your funds in case of rising of active you are invested , while putting your money on a deposit in bank you cam earn only 1-5% per year. Banks are more safer place for money then crypto now , but everything can change dramatically in the future .

[fortnite]

if we compare the safety of banks and btc than it is obviously that banks are safer but no as profitable as btc, if your money gets lost in a bank you have a right at least to go and find someone who is responsible for it but this is not possible in the crypto.