Is Your Money Safer In Crypto than at the Bank?

[gabmen]

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.

Well the bigger the profit of course, the bigger the risk. When you have your money in a bank, you're backed up. You have laws to run to in case the bank loses money. Can't be said with crypto. Though the movement in banks is snail slow in interest, it's way more safe for storage

[plr]

Honestly, if you want your money to be safe, a bank is the place to store because they offer insurance. compare to cryptocurrency where the market is very volatile, but banks do not offer a big interest or profit compare to if you are going to invest it in a good coin.

[KeijiN]

It seems logic because banks are the pending on the national currencies, banks is not forced to give you money in the case of natural disasters, or in the case of bankruptcy of those banks eventually.

[Early_Waffle]

In the current reality, it will be more reliable to keep free money in the bank account. But if I want to increase my capital, I prefer the market of crypto.

[LuckyMan21]

I think banks are more reliable now. Now, the currency is subject to too much volatility, besides there are big security concerns of crypto-currency wallets

[ryanfromrethink]

The market of crypto is intended for a rapid increase in its assets. But to protect and preserve their money is more suitable option with bank deposits.

[smoker36]

It is enough to look at the ridiculous interest that is offered in banks today. Therefore, for me, the best way to work with crypto, there are better opportunities for earning.

[kristinkamal01]

In my opinion, this market is too dangerous to save on it a lot of money, as the trades here are very unusual and you can lose everything at one point.

[infoprener]

For many people, the bank is still a familiar and very reliable place of storage, but there are already cases when banks ignore orders for the transfer of client funds and even ask unnecessary questions. However, if a person has lost his card, access to the account can be restored. If you lose your crypto-keys, no one will return your money. The question of choosing each.

[smashbtc]

In my opinion, this market is too dangerous to save on it a lot of money, as the trades here are very unusual and you can lose everything at one point.

I think that nowadays the Bank is much safer if you are not a drug dealer or something like this. But everything can change in future.

[heritage35]

Well, bank might seem safer, but that does not mean crypto is not also safe. If you keep your money in bank, someone else will manage it for you and charge you for that, but if you keep your money in crypto, you own your bank and you do not need to pay anyone for that. Except you want to transact in which the fee is minimal.

[GunsLair]

It seems to me that the most acceptable option is both. We must always have some kind of insurance. Although everyone knows that the bank is not 100% reliable place. How many cases were when quite a few banks declared themselves bankrupt.

[alice.smith38]

The problem is that if someone hacks in to your crypto-wallet, all of your money is gone. But if the same happens with your bank account or credit card, then the bank will reimburse that amount.

[nicole74859]

Bank is safer. And when we lose our money in the banks we can complain to them. But when we lose our money i  crypto where we will complain, there is no regulation.

[yasuo632]

Security is still the number one bank. Because the bank is the bank of the country, it is the place where the country uniformly distributes coins. The cryptocurrency is just a place to make money. It has to make a profit, and its risk is one hundred times larger than that of the bank.

[lutcor]

In the current economy and the critical situation on the market, I would not advise keeping my money in the bank, because it seems to me that such vehicles can definitely be dangerous. Just think about it. It's not safe.

[9000]

I think that the safest way to keep your money is to buy crypto and locate them to Ledger. Then you can go to the bank with your lawyer and make an agreement, that this keeper might be opened only with both of you.

[Arrbuz]

I do not agree with your statement, the Bank in my opinion the money will be much more secure than in crypto

[vik254]

it  really  depends  howe  long  you  want  to  keep  your  money.  in  instances  where  you  are  planning  to  keep  the  cash  for a  short  span  of  time  then  bank  will  be  a  suitable  place  for you.  someone  who  is planning  to  keep  his  cash  for a  long  span  of  time  should   consider  crypto.  this   is  because its way  profitable  when  compared  to  the  bank.  apart  from  that  if   you  keep  your  money  in  fiat for a  long  span  of  time  it  will  loss  its  value. Read about it  here. https://www.officialdata.org/1960-dollars-in-2016?amount=1

[Klinmill]

Bank is the best option for the safety of your money . I don't think crypto is safe.