Is Your Money Safer In Crypto than at the Bank?

[matanglawin]

I guarantee that money would be safer in banks because market volatility is present in cryptocurrencies. In banks, the price would be stable having no risks of losing money unlike in bounties that the market price moves a lot.  But unlike in cryptos, it won't be profitable holding in banks for having a stagnant market price.

[coinholic]

If safety is our concern, then banks are the masters in that area. Banks main purpose is to safekeep our savings. Simple as that! Now is our money secured in banks in terms of safety? Yes! Secured in profit? Well, I believe crypto has the edge over that area. Banks don't give much interest on our savings even over a course of years! Unlike with crypto wherein our investments can multiply over and over again! Profit in crypto is unpredictable which makes it exciting. But also, it makes the risk higher. But that's how things work here, we need to face the risks in order for us to earn.

[amaydel]

No because cryptocurrency is a very risky investment where risk takers only understand. If you are putting your money in the bank, that's literally safer because you are keeping/storing your assets there with a stable price unlike keeping a crypto with a very volatile market value.

[DosPower]

I read a lot of story of people when they were new to crypto and losing everything on a hard drive failure, or losing their private keys, and many simple things like that. And them saying that it's just part of the learning curve.

Putting your money in a bank does not have that type of "learning curve."

So overall it's safer in a bank.

[Tstar]

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

Who will confiscate your money? No one will touch your money in the bank unless they can prove that it is from criminal activities.
The money are far safer in the Banks, because are protected by laws.

[moepaing]

I prefer crypto because it is more independent and anonymous than usual money. Crypto will be more perfect in the future and I am really happy about it.

[party22]

I think not like that, banks remain the most secure at this time to save money. crypto can not save money, because the risk is too great in crypto. the market is experiencing up and down unpredictable.

[roxbit]

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

Banks are safe compared to cryptocurrency but money in the banks has less interest while cryptocurrencies have a good potential to gain more interest. Although banks has stable price and cryptocurrency business is untable due to price volatility. Some people are still into banks because they are afraid of crypto while others are risk takers who choose crypto.

[KatyaTonkosheewa]

At the moment, banks look preferable. But if the market is on a stable track, the expected profit will exceed the risks and the banks will lose.

[yougotpunk]

Within the next 5 years, investors in Bitcoin can make 5 to 10 times bigger returns, according to BTC market analysts. All signs are here that Bitcoin has a bright future.

[Balab01]

"I think the future of Bitcoin is quite bright. Check this out: ""Marc Lasry sees Bitcoin hitting $40,000 due to easy trading
 Read more at http://globalcoinreport.com/billionaire-predicts-bitcoin-btc-future-price/"""

[xeno94]

For best safe keeping, money in the bank for me is the safest and probably reliable. But interms of investment, crypto is the best place which would definitely yield profitable interest.

[Skortish]

Investment in crypto market is simply the best which yields profitable interest, then the bank is the safest place to keep the money made from the crypto investments.

[oOVVVVVVVOo]

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

Who will confiscate your money? No one will touch your money in the bank unless they can prove that it is from criminal activities.
The money are far safer in the Banks, because are protected by laws.

And the crypto-currency, by the way, is used for laundering dishonest money. To keep money in the crypto currency is more reliable and anonymous, but because of the volatility of the market, capital can change. The banking system is just as strange, but it causes more trust because it lasts longer.

[Multitaskchain5500]

 If you want to save them, than the bank is the best option - very low rewards and very low risk. If you want to earn money and you are looking for profit, than the crypto market is for you. Potential very high profits, but high risk involved, as well.

[Yujesuma]

all the same, money and cash that are put away in the envelope is substantially more dependable than cryptographic money. a similar Euro dollar and different monetary standards don't have such intense value changes. in this way, it is as yet steady and safe to keep cash in the Bank. be that as it may, not a long way from the time when the cryptographic money will supplant money.

[voltesbazooka]

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

Who will confiscate your money? No one will touch your money in the bank unless they can prove that it is from criminal activities.
The money are far safer in the Banks, because are protected by laws.

That's crazy. Why would anyone confiscate your money in the first place? Unless you are some criminal and got your assets frozen, then you're safe as a baby. In bank, there is also insurance.

[damgdas]

I think it's safer to put money in the bank, but it's more profitable to invest in crypto-currencies, and it's equally risky.

So when we invest, we have to invest what we can afford.

[metribitcoin]

I think no because when we put money in to cryptocurrency there are will be no insurance of investment and high fluctuacion of crypto make crypto has high risk as investment. I use Bitcoin only for trading and to increase my fiat. Bitcoin will be become future of money and possible to replace  fiat in the future but this need long times to make this become reality.

[tuvic01]

Oh yes, I love my money in the cryptocurrency than in bank because in bank my money don't gain or appreciate but in cryptocurrency my money can be doubled or eleven tripled base on the situation of the market so I so much prefer having my money in cryptocurrency than saving in bank though it must be noted that the value or price may also fall and your money may depreciate. But am ready to take the risk than just having my money to remain stagnate and no gain any penny.