Is Your Money Safer In Crypto than at the Bank?

[Olgdanil]

The crypto industry is a very risky place to invest, but at the same time it is one of the most profitable. Everyone decides for himself whether there is a risk of the game.

[Allenz]

People prefer to deposit money in a bank account than, say, stuff it in a mattress. But it's to my mind.

[BitcoinFotw]

It depends on what you mean by the word 'safer'. Safer in the sense that you ain't going to lose money or what? cos I have heard of cases where bank close up and people who has their money in the banks are at a loss of their funds. People might still consider it safer though cos most of these cases are rare as compared to the cries of scam or trade loses that we hear about in the crypto market.

[mtrxhasu]

Your money is fully secured in bank but you have limitations of profit as mostly all banks gives a fixed return on your investment but in crypto, you can get unlimited and unexpected profits if your selection of coin is correct and you have long horizon.

[tomotao52]

Money in Bank safe  but when you look at the capitalization of these banks and there debt profile, you will realize that things are not the way they seem.  In short, this is an investment game.

[zhongzy]

I think crypto money is safe on the stock exchange as well as my param bank account. I take all precautions against hackers. crypto money trading is safe. There is also the possibility of providing high profits in crypto money trading.

[Mezze]

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.

I understand what you're saying but that's discrimination (mentalism). You just can't do that. Some other means of protection should be implemented.

[MadSmiles]

All the same, cash and money that are stored in the folder is much more reliable than cryptocurrency. the same Euro dollar and other currencies do not have such drastic price changes. therefore, it is still stable and safe to keep money in the Bank. but not far from the time when the cryptocurrency will replace cash.

Banks are kind of the worst place for anyone to put money in because they can run away with whatever you give them.

[rogovih]

it's not like my money is safer in a Bank than in crypto . crypto is very unpredictable and unstable

[Raketa7]

in my opinion, crypto is very dangerous and unpredictable in order to keep your money in it

[Arrbuz]

at the moment, I believe that my money will be more secure in the Bank than in crypto .

[Milka86]

Probably all the same to store money in the Bank is safer than in cryptocurrency , but most likely less profitable. Here you can earn a lot, but also a lot to lose . The more risk, the more profit

[cryptowonders@20]

I think it's safer to keep the money in the bank but it's more profitable to invested in the crypto currency market !

what if the banks fold down, what will you do since you said saving money in the bank is more secured yes that is true but i don't saving money in banks anymore, i would rather leave it in crypto currency than bank. due to bank problems that is what stops me from saving money in the banks

[MFY151]

I think it's safer to keep the money in the bank but it's more profitable to invested in the crypto currency market !

Yes for me it is still much safer in the bank unless you have a secured place in your home and a hardware wallet or ledger to store your cryptocurrencies. What  I do is to divide a portion of my investments to actual fiat and retain a portion as cryptocurrency that I can risk.

[Bledlert]

when my money is in the Bank I am sure that it is safe, when my money is in crypto I am not sure of security

[Cherrybomb]

May in future as they are improving it more and more buy regulating it but this will soon replace banks. I think Liven is a great.

[MV7]

I'd still say money is safer in a bank, at least for now. Crypto is way too volatile for it to be considered safe. Imagine you put your life savings on BTC when the price was 15k. You'd have lost half your savings in less than a year.

[RedzoneASE]

it's not like my money is safer in a Bank than in crypto . crypto is very unpredictable and unstable

Yes, exactly. Bank is much safer since we could take note about the happening in it while cryptocurrency is very unpredictable and the volatility is quite high.

[Gabus]

For me, banks are safer to keep your money instead of keeping in Crypto because banks take the responsibility for your money but in Crypto, you have to take your responsibility yourself if you are account gets hack you will lose your money.

[Mezze]

it's not like my money is safer in a Bank than in crypto . crypto is very unpredictable and unstable

Well it is safer for keeping and buying stuff with it but for investment it's far better to keep it in crypto.