Is Your Money Safer In Crypto than at the Bank?

[Iamaslisumit]

Cryptocurrency is unstable but safer then bank because if you hold good coins you can multiply your money more then banks.

[Mezze]

Those are two very different things. Your money isn't safe anywhere because it can be stolen either way or it can lose value because of lots of factors.I get that point of view that putting it in a bank is safer but nothing is 100% safe. On the other hand investing in crypto gets you more profit but the risk is greater. It's all natural. Your money is only safe when you invest it in something that doesn't lose value, like gold or diamonds. Even investing it in real estate is questionable because it can lose value if that market dips.

[jassanpary]

Cryptocurrency is unstable but safer then bank because if you hold good coins you can multiply your money more then banks.

It's the question of safety here not about the doubling or tripling of the money. I think still a lot of people doubt about the safety of the crypto that's the reason why still they are preferring bank for the deposition of money and for the transactions. Still, more time required for them to get confidence about crypto especially about the safety of their money.

[honghe99]

At the moment, I think banks are safer than cryptocurrencies, but the bad thing is that they will depreciate, so I think you can invest, but don't put too long, which is not good for your financial security.

[ArgentZykov84]

It is better to keep your money in something solid, like gold, some cryptography away from the banks 

[malading]

No matter what people think is the cryptocurrency market, I don't think it is the best choice to store all the property here. Here is the financial investment market. Every day we have to face losses or profits!

[Lindazz]

I still think Banks are safer, Banks are more central, so assets are protected.
However, most cryptocurrency is decentralized, so when your assets are stolen, you can't handle it.

[KzStPn]

Making a contribution to the crypto is more profitable than to a bank, that's for sure. As for security, I think in the bank, it's safer. In the crypto at any time can find vulnerability and steal all your coins.

[Asimmo]

It surprises me that after so much hacks and security alerts - people still don`t know safety features of crypto yet..
Still every day I hear personal accounts hacked due to no 2FA activated and such childish mistakes..
There should be IQ and age control in crypto, to filter such careless people, who break the prestige of crypto due to their carelessness.

[DanilovaSeverina]

I think it's safer if you keep your money in the bank, just profit from very few banks with little risk.
if you want to look for profits that put your money into the crypto currency, but the level of risk is also quite high.

[lunnatic]

I prefer the bank to save money even if they can control our money but they can keep it safe and I think the bank definitely has a strong protection to secure the money of its customers. Not like when saving money on the wallet crypto that has a lot of clone or phising site and easy to hack.

[Mr.Been]

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

[hemendrachauhan19]

Obviously money is more safe in the banks only. But it will remain fix there with little to no interest earning. Crypto market is very volatile right now and hence the chances of it being lost are very high. Bitcoin still has a long way to go and one can only bet on it, but no one can predict the future with utmost certainty. Invest only that much which you can afford to lose, that's the very first rule of investing in crypto

[Chooroz]

Meh, I rather have all in crypto, I hate banks and their agenda, like:  - Supporting wars, So don't get me started with that they print it however much they like

For me it is more safer if we will put our money at the banks because we all know that banks is trusted by many people but if we want to have more money we should put it  on the best crypto and tnat is bitcoin and maybe on some altcoins.

[restrax]

No. The bank is more safe than crypto. Even "bitcoinlionners" save their parts of private keys in the bank. I think crypto never will be so safe, because it is online money, and it always more easier to stole it.

[genset88]

Keeping money in the bank is safer than in the crypto because of its security and stability in value. I think cryptocurrency is best for investment, not storing. If you lose money in the bank, you can report to the police or bank. But if you lose your virtual currency, you can't do anything else.

[Walionn]

If you want your money to be safe, it's better to buy Trezor, I do not trust the banks

[DonaldTramponald]

I do not know how in other countries, but in Russia in banks very small %.  If you store money in a bank, it is not an investment, but the preservation of money at best.  But judging by the level of inflation, it turns out that in banks, even to save money is not profitable, since inflation is higher than the annual % in the bank

[LowBrain]

If you want your money to be safe, it's better to buy Trezor, I do not trust the banks

Do you speak about money or monopoly money, cryptocurrency?
If your save all your money in crypto it souns clearly strange. Trezor can safe your coins, but not fiat, which using daily.  

[JamesR1]

If you want your money to be safe, it's better to buy Trezor, I do not trust the banks

Do you speak about money or monopoly money, cryptocurrency?
If your save all your money in crypto it souns clearly strange. Trezor can safe your coins, but not fiat, which using daily.  

Both option money or crypto has a different risk where the bank can run out of money due to governmental fault also crypto has a chance to return back to 10 -100 $ again .