Is Your Money Safer In Crypto than at the Bank?

[longlivecapitalism]

At this point where cryptocurrencies are relatively new, it's probably safer to have your money in a bank. However, that comes at a cost. Your money is just sitting there, gaining a very small interest rate (how small depends on which country and bank you have your money in). It's not making you more money. And depending on which country's bank your money is in, there's always a small chance they might lose some of their value in extreme events like an economy collapse. But like I said, in most countries, it's a minor danger.

I wouldn't recommend to anyone to put all their money in cryptocurrencies at this point but if someone can afford to invest a portion of it into crypto, I'd say go for it. Choose a few projects that seem interesting. After getting into Bitcoin, I chose privacy coins like Zcash and DeepOnion and I'm always looking for good privacy coins. Some exchange tokens are interesting too.

[CryptoGuro1]

I would not say safe as its is hugely volatile, Money is safer in the bank of course but I l;like to hold a portion in crypto as I can earn more from it.

[Victorheywhy]

I think it also depends on the region someone is. But, I'm sure coins like Bitcoin and Ethereum are very safe in my hands. I really do not have any problem with keeping my coins in my wallet. One just needs to be very careful. But, to be realistic, keeping your money in the bank is much safer than being in crypto.

[CriptoNata]

Many banks do not give guarantees if they went bankrupt. Also in the crypto-exchange markets there is no 100% confidence about its security

[lesnik_utsa]

Everything is correctly described. If you correctly approach the protection of your passwords and money in the crypto-currency world, then in time it will bring a greater profit than simply keeping money in standard banks. We are only at the initial stage of this market - it will be even better

[Agamemnus]

It is not safer in crypto than in the bank. Anyone who tells you that your money is safer in crypto than in the bank is just lying to you. Infact, the money that you have in the bank is safer than the money that you have in cryptos. When you invest in cryptos you are taking a risk with your money, in hopes to make more money, nothing more. The difference is the money in the bank does not make you profit, it just sits there.

[zenfo]

no one can provide a complete security guarantee. Crypto currency is more convenient for me because I can use its capabilities at any time and more or less anonymously.

[SaveOurSea]

no one can provide a complete security guarantee. Crypto currency is more convenient for me because I can use its capabilities at any time and more or less anonymously.

it's true even though the technology has been proven safe but there are still threats from hackers who are always lurking us, so as safe as any place to keep it should be careful and always alert because there are many cases of wallet theft where we store the assets cryptocurrency.

[prdn]

No, of course it's not safe. With crypto you can make quick money and lose money faster. It's a big risk.

[danbitcoin1]

Obviously not lol. My money in the bank is in a company with multiple Billion $ profits per year and is ensured by the Government of one of the biggest economies in the world...my crypto lost 50% in a couple of months lol.

[Planetkin]

At the Bank I think it's safer, I keep most of the money in the Bank, in crypto for investment.

[BobBct]

right now i feel my money is still safer in a bank rather than just a wallet in a exchange or something but i can still get a ledger to become more secure on my holdings.

[Cremmsto]

Keeping money in the Bank is much safer than in crypto,You will not earn money in the Bank,in crypto there is always the opportunity to get a big income.

[Btcirene88]

right now i feel my money is still safer in a bank rather than just a wallet in a exchange or something but i can still get a ledger to become more secure on my holdings.

Absolutely, more safer in the bank when taking money safe because risk is cannot found on the bank only a small interest in a years when you put all your money deposited but in crypto risky is very known for its volatility.

[babarian]

unsafe, too risky if you keep your money in crypto currency. it would be better if you actually saved your money in the bank, or invested in a real company.

that's the thought of some people who are just looking for a safe, but it's not a problem if you are a person who wants to move forward.
invest in crypto currency. it will benefit you

[loveinberlin]

I think that this depends on the amount of money you want to protect. I think that both variants are reliable but I don't know anything about scams in banks. Are there are any schemes that can prevent from getting a sum when you want?

[restumaulana]

right now I still keep all my possessions in the crypto exchanger, and I'm still waiting for the right moment to move everything into the bank, I'm sure there will still be an interesting price spike

[straimrpl777]

I'm a fan of crypto, I believe in technology, I believe that our future is connected with critico, but still I think that for today it is more reliable to store money in a bank than in crypto. All because there are so many crypto coins and it's hard to make the right decision.

[vinceB]

For me blockchain is much safer we all know that cause in bank there a lot o hacking or been hack in past like atm and so on. but hacker can do anything right now i think no matter what you choose you need to be aware cause there's a lot of scam site

[acord00]

I'm a new person in crypto currency and my country is banning transactions using crypto currency. If implemented in my country and with my lack of knowledge about crypto currency then my money is still safe stored in bank in my country. Indeed, I can not get such huge profits in crypto currency but it should be safer because the banks in my country offer insurance against my money. If I am in crypto currency there is an insurance party that offers a security guarantee against crypto currency then I would prefer to keep my money in crypto currency. I strongly put forward the security aspect because I am not ready to face a big risk.