Is Your Money Safer In Crypto than at the Bank?

[afterdark]

It's hard to say that keeping money in crypto is better than in fiat. Too much volatility and uncertainty in the market. But you have a big advantage - you can dispose of any amounts at your discretion and at any time of the day or night.

[suppapan]

It depends on the country, but for most I would say a pretty solid no.

[kristensoto]

The bank is a safe place to save money. I would also be profitable to put money in the bank, however this number is very small. Unlike banks, crypto is a potential market, and if we invest in crypto, we will have a lot of profit. Besides, when you put money in crypto, your money will not be managed by the government. You will also be able to easily use your money when traveling to other countries without having to carry a lot of cash. I believe in the future the cryptocurrency market will grow strongly.

[19Nov16]

In cryptocurrency is more profitable and can give much more more earnings than investing your money in bank but banking your assets or your money is more safer than cryptocurrency.

Although crypto investment is a very profitable thing but we have to be realistic, never put all the money on crypto because crypto investment is very risky, wise in choosing crypto is the very thing that determines our future.

[DoubleShow]

Of course you need to keep the bulk of their money in the Bank as the banking system will be a very long time to exist. Cryptocurrency should be considered as an investment, but it is necessary to invest only a portion of your funds. When I get profit, then immediately put the money on the card, and then replenish your Bank Deposit.

[adamreb]

I believe that the option with banks is more reliable than crypto. But there is a nuance - banks can communicate your personal information to different structures, in this respect crypto is much safer.

[easynote]

I believe that the option with banks is more reliable than crypto. But there is a nuance - banks can communicate your personal information to different structures, in this respect crypto is much safer.

The money in Banks is used by most people that are already call themselves rich. The money should not last in there that long.

[azhariusman1981]

I think it's safer to save money in the BANK than in Crypto, but saving money in the Bank makes little profit because the Bank's interest is relatively small while saving and holding crypto will benefit more because crypto prices can go up to 100% percent in a short time.

[opobo4real]

To be candid your money is safer in the bank than crypto
But what is the essence of keeping your money while they use your money to
Invest and making huge profits on it while you are giving peanut as interest.
I would rather invest my money in crypto than save it in the bank.

[chaserdream11]

That's a tough question to answer with current frame of mind. Especially since how crypto is behaving lately.
So i have a simple solution for it.
The money you cant afford to loose is safe in bank for the moment.
The money you are okie to take chances on are best kept in some promising crypto.
So best thing for me is to keep most of my money in bank for the moment and invest rest in privacy coins like DeepOnion so i can use it for untraceable transactions. There are certain times one would not want banks to devoid their privacy. That is where privacy coins for now are gems.

Why DeepOnion? Yes there are many other privacy coins. But if im investing i would go for the coin which has huge room for growth rather than one which has already grown. DeepOnion is relatively new and has many promising updates coming.. So safe bet for me.

[blozo]

If you are willing to become the bank (and you are able to properly manage all the private keys) I would say yes

[RAAAMA]

Bank and crypto serve different purpose. If its for safekeeping, then go to the bank and deposit your money as it is insured as well on a certain limit. Don't go beyond that limit. The problem is, inflation will beat the bank interest to the ground. On the other hand, if you want investment, then cryptocurrency is one of the place to put your money, one of high risk place to be exact. You may earn a lot, a little or even lose all your investment. It's all up to you anyway. Cheers.

[Electric4]

I don't think so, unless you're trying to hide it from your a wife who's trying to divorce you. Then your money might be safer there.

[Visibel]

Obviously not more secure, because the greater the potential, then the risk will follow. But I think taking the risk is closer to success than luck.

[Geoll29]

It is still safer to put the money in the bank if we are talking about the security of our money. But if we are after the income then crypto surely is better because it can make our capital grow many times and faster than when we put it in the bank.

[ice098]

If the security problem I think in the bank more secure, because to access the money we need a lot of layers of security until finally really withdraw money
But with cryptocurrency one can get all the funds or assets that exist, only with private key only

Based on my experience in terms of security i prefer bank to save my money than crypto because in the bank your money is more secure. You're the only one who can access to your account as long as your the only one who know your security pin, and once your money is lose in the bank, the bank is the responsible to it. While in crypto once your wallet is been hacked it lose forever no one is liable when it lose. And also crypto is unstable so the value of it is always changing that's why bank is better to secure your money and it has fixed value.

[Temmy007]

I don't agree with that; cause crypto is unstable and prices; there no where more safer for your money than the bank

[Salvation99]

Keeping our money in the bank, we have inflation but more stable in the value and decreasing because banks fee. In Crypto, we can gain profits but we have risk lossing our money because the price very high volatiling.
But potential earning more money in cryptomarket is more bigger because cryptomarket is growing market and the price always increasing

[Heymdale]

You don't have to keep all the money in 1 place - diversification it's most good what you can do to guard your money

[Domst]

Of course our money in the Bank is more secure than in crypto . Crypto is not stable and carries great risks