Is Your Money Safer In Crypto than at the Bank?

[crustycrab666]

Basically, your money is safer in crypto than in the bank. Unless you are careless in protecting your wallet against scammer and hackers.
Many hackers use the phishing sites to hack your wallet, so you must have a secure wallet and very careful action when moving your wallet balance.

This is absolutely wrong. The money are a lot safer in the bank. There are so many laws that protect them and the banks have the experience needed to do the job right.

You are right because the bank has a strong legality from the government. Another case with cryptocurrency that until now still not recognized by most governments in the world. Bad things can happen at any time. Your cryptocurrency asset could be threatened, so invest what you can afford to lose.

[onaiwusun]

As an investment tool, you are better of with cryptocurrencied. One however need to be aware of the risk associated  with cryptic, they are very volatile.

[HongKong]

As an investment tool, you are better of with cryptocurrencied. One however need to be aware of the risk associated  with cryptic, they are very volatile.

If a bank wants a coin then they should be able to not store peoples money. Banks usually borrow money from people and that's how they stay in business.

[sounddrum]

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.

[bling-bling]

Look at it this way:

High security + low profitability = BANKS

High risk + high profitability = CRYPTOCURRENCY

Now I don't know if people will agree with me on this, but that's just the way I see it. Bank investments are safe but they will give you a very small interest. Unlike with crypto, though it's risky the rewards are far greater. So I'm bending towards the latter.

[nicesun260]

I do not think so, because the crypto currency market today is something very risky in general, so today if we are talking about the preservation of fiat money, it is best to store at home or in a bank that never let you down, but it all depends on the amount .

[nguyentina55]

If you live in a third world country, it is always safer because of the banks to fail. In any other country, if you go somewhere else, you can take the money.Other than that, keeping the crypto money in confidential wallets is important as well.

[kapetoshka]

I think the level of bank security is still better than Crypto. When our money is lost in the bank, the bank will replace it. But if our token is lost in our wallet, then we can only let it go.

[alenahype]

Crypto it is not stable and it is not known what can happen if you keep them for more than 10 years, but for the next 5 years there is such an opportunity to store them in a cryptbank because more growth is expected after such success.

[yavorskiy616]

I think that the bank is the safest place for storing money, it is better to invest in the crypto currency and in the bank to keep the money that may be needed urgently. in the crypto currency you can invest 1000 dollars in the hope of receiving 3000-4000 dollars and this is real. but when you need money urgently your $ 1000 can turn $ 300 and at this point it is better not to convert the currency to the Fiat and expect the growth of the crypto-currency market and may have to wait up to 10 months.

[ozols]

From a security perspective, I think that putting money into banks is more secure. From a profit perspective, I think that investing in cryptocurrencies is more profitable.

[Guildenstern89]

There is no 100% safety. The price of altcoin may fall at any time, a bank may collapse at any time. Just when investing you need to follow a few basic rules, for example, do not keep all the money in one place.

[Bunmi1989]

Cryptocurrency is so volatile so it all depends. It's good to safe money in the bank but they give you nothing in return but crypto investment can give someone huge gain overtime .

[23sd12122121]

If you live in a third world country, it is always safer because of the banks to fail. In any other country, if you go somewhere else, you can take the money.
Other than that, keeping the crypto money in confidential wallets is important as well.

[thanhmmo19]

Do not think that banks are more reliable, and the crypt is more profitable. I think that it's best to invest money in real estate.

[ngantrann206]

When storing money in a Bank, you can not count on a high percentage of income, but at the same time keep them there safer. If you want to play roulette, you can transfer money to cryptocurrency and try to make money on market fluctuations.

[Sandeep24]

I think both cases are similar with each other because if you are illiterate about cyber security then you can lost your money in both cases.Second it's depend on your country cyber law. If cyber law of your country is strong then you can be safle in both cases.

[asd12.123162]

of course not, the Bank has existed for hundreds of years and cryptocurrency is a novelty for all, there are no clear rules of the game, a lot of risks, but soon everything will change

[hoangnhungg555]

If we talk about security, everyone knows that there is no system in the world that is completely safe, so maybe the bank may be safer than crypto, but if we talk about profits, of course crypto is much more profitable than the bank

[Dreamer69]

I do not want to trust my money to the banks of my country so that the tax or the Bank itself can ask me questions that I do not intend to answer.My choice of cryptocurrency.