Is Your Money Safer In Crypto than at the Bank?

[MISS_nSTASSY]

First of all all your amount that is in bank is fiat money of your government. And history shows us that sometimes these money becomes cheaper than paper that they were printed on. Also banks can become bankrupt one day and it is another reason it is not safe to give them your assets.
While crypto - you are the only owner of your assets while you control your private keys. And I recommend only Bitcoin for this purposes

[siglesias]

The safest place to save money is in the bank. Which I know, if a bank is robbed or stolen, the bank is willing to provide a refund guarantee. But in crypto, there is no guarantee if all asset robbed or stolen, it will be lost forever, it's very scary.

I disagree with you. They cannot touch your money with blockchain but they can hack your wallet information. If you lose your money in the bank, you can sue them for a refund. But if you lose your wallet, you cannot do anything. You can also lose money if the price of coins is reduced

Agree. I have the same thing as you, guys. Therefore, I think no more the safest place to keep money besides in a bank.

[diytho]

safety between banks and crypto I think is safer in the crypto, because crypto has a different system with banks, safer money laundering is more secure in crypto because it is difficult to do. in the bank the funds entered must know the funds from where the proposal. in contrast to the free crypto investing regardless.

[cola-jere]

If you believe that being your own bank and that you can safely keep your crypto, and cryptocurrency could not be hacked for a few years or decades, then I believe holding on to your crypto is safer than the bank.

Why not just put a small percentage of what you have, say 10-20% in crypto, as crypto could still not be used for daily transactions.
Once that time comes, I will move to 50 bank /50 crypto.

[xiboothrezi]

Well I think your money is much safer in a bank as there isn't much threat of your money getting hacked or stolen from your bank accounts in comparison to the risks of getting your coins hacked or stolen from your wallets. Although you are going to increase your money many times if you keep it in crypto.

You are right. Security in banks is more secure and has legal protection. Whereas in a decentralized crypto world, it has no legal protection, is vulnerable to hacking, and its price is very volatile. But the opportunity to gain profit tends to be greater in cryptocurrency than in the bank. Big risk big profits. You are free to choose.

[Ali Akbar Torang]

feel safe when put  money on the bank but of course it will be more gave capital gain if we put our money in bitcoin and let it for years. high risk high gain.

[Pendularin]

If you believe that being your own bank and that you can safely keep your crypto, and cryptocurrency could not be hacked for a few years or decades, then I believe holding on to your crypto is safer than the bank.

Why not just put a small percentage of what you have, say 10-20% in crypto, as crypto could still not be used for daily transactions.
Once that time comes, I will move to 50 bank /50 crypto.

For me, I can recommend to keep your money in the house and keep it inside your vault. Because in banks I had no assurance of safety due to insurance policy regardless of bankruptcy. We can't prevent any worst circumstances to happen, that's why your money is in danger when you're choosing banking. With regards to cryptocurrency, there's a 20% possibility to crash when you invest your money but the future of it depends on how the market value increases. The risk is there in any aspects of money safety, but most of all if you had your money in your jurisdiction I guess you're more secured rather than entrusting it with other managements.

[skiorf]

I think, if you can choose the best coin and competent in developing its value, it will be better in Crypto. With you saving money on the best coins in crypto, your money can continue to grow in value. In the bank is also safe, however, the money you put in the bank will experience depreciation, because you have to bear the cost of its administration. Meanwhile, about the security, it's actually almost the same. Because, not only in the crypto that there are hackers, but in the bank was also a lot of hackers are wandering. So you have to take precautions against yourself first.

[retnocintaku]

If the problem is actually safe or not, we don't know. During this course we are closer to the bank. And confidence of course already awakened. It's just that, sometimes you feel lazy, because too many rules. Whereas in crypto all easy. And security is also over this I think is still guaranteed.

[nvishnu22]

To risk and invest in cryptocurrency is a good idea it is some what safe depends upon the company we need to know and do research and then invest bank is safer compared to cryptocurrency.

[Lora_ng15]

I trust crypto currency more than the bank, because banks are controlled by the state, and the Crypto currency is decentralized

[Artron1]

No, it's not safe. The bank is not safe either. Crypto is a virtual network based on encryption. The systems of the banks are set with 250bit and the blockchain system is protected with 4000bit. Keep your crypto money in your wallet, not the stock market sites.

[Turkish88]

Interesting think, safer from what.
If you stolen the funds then crypto safer, in banks your moneys can be confiscated

[Robiaiya]

Answer is No .. it's not safer than bank.. when it comes to crypto .. there is a big risk .. also crypto is virtual .. there is no guarantee .. if you want to save money than choose bank

[flowdon]

hello mate, bank is more safer to save your money. but crypto can give you more profit than bank. it has an possibly to double up your money or even x5 x10 depends on your strategy and techniques to what coin you will invest your money, not same you invest in the bank you can only get 5% of profit.

[NOTORIOUST1]

Not yet but we will get there though if your paranoid like me  and obsessed with the security of your coins and proper risk management you could be good but you can't control market if prices crash but putting money that you want to invest in crypto is in my opinion safer and more profitable in the long term.

[Kurokyy]

feel safe when put  money on the bank but of course it will be more gave capital gain if we put our money in bitcoin and let it for years. high risk high gain.

Obviously , your money is safer on banks because they have a very good security system in the physical store as well while cryptocurrency market has always a risk and penetrateable of hackers.

[RaiNain]

I think for security, it's safer to save money in the bank than in cryptocurrency. But if you want a big profit you can invest your money in crypto. but do not ever intend to keep your money here. if you want to save you can go to the bank.

[vverrita]

Many banks can become bankrupt, of course it depends on the country

[senopratama]

When entering money in crypto means you are ready to gamble. in a sense, it could be producing or will even lose. If able to develop capital will be able to get results that could give a profit. but when it can't play in crypto then losses and capital loss that can be obtained. yet coupled with the hacking that exists in crypto. If you want to secure the bank is a safe place.