Is Your Money Safer In Crypto than at the Bank?

[zanezane]

Banks are safe, always money will be safer in the bank than having in hand. If you would like to take little bit of risk then  crypto also good, but take some safety measures.

Indeed. Let's just put it this way, your money is safe at banks but it won't appreciate over time and the less you know your money loss its value. Yet when you put your money in cryptos, it will have risks and you have knowledge how crypto runs and profit will be certain afterwards. Face the risk or face the inflation.

[Comfort1]

Talking about safer place for money, i will go in for banks i mean legitimate ones.

[bundjoie02]

Yes, for me my money is more safer in crypto, than in the bank, because if you have a big money in the bank and it happens that the bank goes bankrupt, you are only guaranteed of a percentage amount only, you cannot get a full refund of your money, in crypto just make sure you have safe e wallet and super strong password, your money is 100% safe.

Yes, I agree, I also keep my money in my crypto wallet, its more ok for me than keeping it in the bank, because it gives me convinience whenever I need it, even at night, unlike in the bank that if I need a money I need to drop by in the nearest bank before I can withdraw.

[yeniruieni]

If the views of the security will, of course, be safe keep the money in the bank and it's difficult to be stolen by someone. But if that's my opinion, I prefer to save money on crypto because if BTC price rise is certainly the coins will also join the rising price. And this will be more beneficial for me.

[SaturnBay]

My money is safer at the bank than in crypto. But the profit from bank is less than crypto so much

[chris.stop.her143]

most people do prefer bank because of the safest thing to save money and gain few interest by depositing money in the banks, but crypto is not a bank where your money can be save like what bank can offer, for me crypto is an investment where you can earn profit and also lose profit at the same time, you can take a risk to win a good profit by investing into crypto by buying coins in the market, if you like to save money and only for a emergency purposes you can try saving in the banks.

[ninokh]

I think saving money in the bank is safer than the investment in crypto because in the bank there is no hacker. but if deposited in the bank we will not benefit our money will be reduced. but if we invest in crypto we have a chance to earn a big profit.

[mh6e]

When it comes to the safety of the money of course bank is one of the safest.But if you want your money to double or tripple or even more you can put/invest it in crypto but no assurance.

At this time since crypto still new to us there is no guarantee yet that our money will be safe in their position. While in bank it is already proven in terms of security. In case we have problem bank is always there while crypto its hard to get your money back if incase  system will not be available.

[senin]

I think it's safer to keep the money in the bank. Now in many countries, a system of reimbursement of deposits has been developed even in the event of bankruptcy of private banks. Keeping the same money in the crypto currency implies a lot of serious risks and, first of all, the risks of hacking. Very few times you can completely protect yourself from it. In kriptovaljute even very high probability of occurrence of own errors owing to which we can lose the coins and tokens.
So it's safer to keep your funds in the bank, but to earn them better in the crypto currency.

[yhnshjka]

Our laws allow Banks to go bankrupt. If the bank goes bankrupt, no matter how much money I put into the bank, I can only withdraw $100k at most. I think bitcoin is safer than Banks.

[yrsat]

In my opinion, both methods of saving money have their disadvantages and advantages. If you place your money in a bank, it can become bankrupt and you will lose all the savings that are in the bank. regards crypto, then crypto is still very volatile and unstable, even exchanges and ICOs, and there are more scammers in cryptography. Thus, depending on the degree of risky acceptance, you can choose the best ways to invest your money, and their safety.

[HEvangelista]

Based on my experience being with other crypto enthusiasts, I believe that it is best to do day trading than long term investment of your crypto currency. If one is good at speculating which coin to market now and then sell later and one is able to get like 50% to 100% profilt which doubles or triples the initial investment then that person is doing the right thing and should not stop.

[delightme]

I think Money is Safer in Crypto than at the Bank because when you store your money in crypto wallet which you have the private key, that crypto is truly your. no one else owns it and no body will have hands on it except you permited the person. but in the Bank, the money you have in a bank is a different matter entirely. when you make a deposit, you are effectively grant the institution the right to take control of your assets. the bank loans your money to second parties, you cold wake up one day to find out that the bank is no longer in existence all your money will go with the bank.

[KingElrey]

no, its not safe in crypto. because there awaiting bad people looking your wallet. and also volatility market in crypto thats why risky 50-80% maybe. but you can gain much profit than bank in a short of time.. so, putting amount of money in crypto is base on your skills in cryptoworld.

[thefatman82]

Probably they are, but the obvious thing that the money do not remain the same sell value, so if you would ever want to withdraw all your money there is no guarantee that you will get the same amount that you have put here.

[cheezcarls]

As long you don't fall into a phishing email trap (no matter if it's a bank account or a decentralized wallet), your funds are safe. However, both of them are safe to store (except if you store crypto in an exchange which is prone to hacking). If you have a cold storage for you to keep your coins and not revealing your private information, your assets are safe. It is what I have learned through these years. Cheers!

[Wildskull]

At the moment it is safer to keep money in bank. In recent months there have passed series of hacker breakings of various exchanges and purses therefore to banks it is more trust today.

[kreon112]

I think that crypto is more reliable in this way. The secrecy is higher, but banks give percents for mi investment and I can do nothing while my money are there.

[stellaekun]

Given the fact that cryptocurrencies can grow astronomically in price within a short time,I prefer leaving much of my cash in cryptos and only a smaller portion in fiats for my daily expense,the risk/ reward ratio is worth it.

[vodkal]

Every investment is not 100% safe, thats all about risk/gain. The more risk you take the more money you can make. Now the basic rule for any investor, dont put all your eggs in the same basket. Spread your investment and research a lot.