Is Your Money Safer In Crypto than at the Bank?

[Donationcoin]

Of course it is safer to keep money in the Bank, but then another question arises. Bank interest on deposits is much less than the percentage growth of many cryptocurrencies. That is why I part of the money stored in the Bank, and the part kept in promising coins and altcoins.

I don't agree with you, because in my country banks I'm not so safety. A few years ago many of them were closed, and people lose their money. I sing better with your money on the market. So I suggest invest into crypto.

[Widya0986]

if I were asked which one is safer to save money in a bank or crypto. then my answer is in the bank. but if the question is what is more profitable then my answer is crypto, keep the money in the bank safe but the return is in small yield, while crypto can offer many advantages.

[Crypto24hrs]

Honestly speaking money kept in the bank is more safe for now,maybe with time money kept in crypto will be more safe but in terms of interest crypto yields more interest than banks, you can strike a balance 50/50

[cris mane]

This is a very bad idea, the most important rule that every person who deals with crypto-currencies should know is to invest only the money that you are ready to invest, so it's better to keep money in the bank if you live in the US or in Europe.

[feelideb]

The fact that your private key give you exclusive access to your fund at anytime, anywhere shows that cryptocurrency is better than Bank! You become your own bank with no border or limitation.

[crypto1nvest]

I think yes, money more safely in crypto that at the bank because only you have full control of your money. You can be your own bank

[wfjsdfjzcouuu]

I think if you mean it might be more profitable when kept in crypto. Keeping your money in a reputable bank is safer than keeping it anywhere in the world. Though returns on profit are not that much but bank is less risker than putting it in crypto.

[icopir]

I'm not particularly sure that they will be safe in both versions there are always people who can steal them

[gasdhzb76]

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.

[ZaBelyi]

I think yes, money more safely in crypto that at the bank because only you have full control of your money. You can be your own bank

Agreed. Nothing compares to personal control and your own feelings about your means. In fact, all the same for your safety, you should always be able to protect yourself and your savings.

[Sarobeat]

No system is safe, just wanting to rob a bank more than willing to hack the exchange. Although at the same time, exchanges are much smaller than banks, and the likelihood of the loss of your coins is also great

[Thanushka47]

The bank is safer than investing in cryptos, no doubt about that. But the high return which gives by crypto investment is what people attract to Investing in cryptocurrencies. But you should always remember to invest what you can afford to lose.

[Ravenangel]

No its not, the vulnerability of the crypto platform is something that is known to all,time and again wallets have been hacked and millions of dollars worth of crypto stolen, This is an insurance  that the bank Gives, with them you are sure that your money is safe, and in the event which they are robbed,you get your money back through insurance companies coering the banks

[zDNkfr9]

Of course, money is safer in the bank. Banks are recognized as places to store money. It is recognized by the state, the risk of encryption is very large, it is a virtual currency, and it is not supported by the state.

[kaltar]

My money is not safer in crypto than in a Bank, but I hope to make a much bigger profit. Last year, the profitability of investments in some coins reached 20,000% and despite the temporary decline in the cryptocurrency market, there is all the prerequisites for the continued growth of prices in the near future.

[Skitlslover]

I think bank is safiest place for my money but i like crypto too because you dont need to bring atm or money if do you have digital wallet then you can buy anything you with out cash and atm cards.

I agree with you

[thaokhuyen03]

I see there is a risk. In the bank, the bank may be bankrupt, the value of the currency is inflation. Also in the digital money market is constantly fluctuating. Possible loss can also be profitable

[hewbrowden]

Of course, for example, a Swiss bank can save money more safely, but you will never get as much profit there as when investing in cryptocurrency.

[2408AAY]

Well both are all risky. Cryptocurrency is risky because you can lose your money and not get any earnings as well as the government can also take away your money from the bank who knows. Its a matter of choice.

[rachelia13]

If we talk about safer, of course save money in the bank is more safer than in crypto because every bank has a regulation and protected by the government but we can not expect for the rewards, is not worth it. But, if you want to get a big profit, you can try crypto but it's not safer and too risk since crypto price is volatile. All depends on us, risk taker or not. If you a risk taker, then you should go to crypto to growth your money.