Is Your Money Safer In Crypto than at the Bank?

[Kwansimaa]

Saving money in banks is safer than saving in crypto but the income that is generated from crypto exceeds way beyond that of bank investments.

[Mypanara19]

The purpose of bank for me now is for safe keeping only and no more! Come to think of it, if you put your money in the bank for at least 6 months to 1 year you wouldn't get any fair returns from saving your money with them, they even charge too much if your deposit will fall below their minimum required monthly balance. While with cryptocurrency there is a big chance where you can multiply your money to how many times if and when you find the rght and legit crypto project. So if I have huge money I would prefer to put not all but some of it here in cryptocurrency than having it all kept in the bank. Just my personal opinion.

[raldix00]

for now bank is more safer than crypto. but if you speak profit. will ill go to crypto than bank.because bank give a little interest in your money. but in crypto he can make your money double in just a month. depend on the market

[reynilynedago]

In cryptos if you really want to invest and wants to triple your money or double it then crypto is a great idea but here you are not sure of your security as you can be scammed and your money can go into loss so if you want to trade from the digital wallet then cryptos will be great otherwise if you want safety keep it in bank.

[Namara]

I believe, that Bitcoin will be succesful and bright, but one main problem that we face with Bitcoin is that you have the same amount in BTC, but you can never know how much you will have in dollars.

[Mezze]

I believe, that Bitcoin will be succesful and bright, but one main problem that we face with Bitcoin is that you have the same amount in BTC, but you can never know how much you will have in dollars.

Nothing to fear because $ and other currencies will be obsolete when BTC or some other crypto currency becomes the only one in the world.

[Kersh768]

Practically it won't be safer in crypto given that its market valuebis naturally volatile. Currencies in the banks are having a stable market value making it less risky to put your money with. Although there's a chance to earn profit in crypto especially during the market pumps, still, risk is present and that is the main topic. Therefore, if you are not into investments, choose the banks to store your money with.

[Cryptrx]

I believe my money is safer in bank than crypto currently. I can easily manage my account and report anything out of the ordinary to the bank and get a feedback but in crypto you can't report to anyone. if your wallet is hacked you will lose the entirety of your funds unlike in banks where transactions can be reversed.

[subG]

There is no doubt that your money is always "safer" in the bank (FDIC insured) but then it will only earn you peanuts in interest.  Cryptocurrencies is risky even more than investing in the stock market but the chances of making insane amounts of money is much greater. 

[King Bounty]

I think my money will be safer if in bank than in crypto, because in crypto many cases of hacker than in bank

[BTCmasterVM]

I think that keeping in the bank is a safer option, since on personal experience I can say that there was already a theft from my wallet, and in a bank such a case is very rare

[trollercoaster]

Money and safety are two different things. there is always a chance to lose them, so clever people do not keep all the money in one place. it does not matter whether it's a bank or a crypto currency. As far as I believe in the long-term growth of crypto I prefer it. However, the risk of some force-majeure pertains. In case of banks, funds below certain level are usually insured so you can still return them if the bank fails. Depending on the way we look and want to have progress, I usually save money, and if we want to benefit from the money it's better to invest, but certainly a lot of different opinions, but if you want to invest dicrypto will be more promising buy altcoin which has prospects for growth. and rest assured that investment will provide income. If you store your funds on cryptocurrency definitely your future is safe because theres a big potential on cryptocurrency than storing your funds on banks. It is safer if you know how to secure your wallet and cryptocurrency becomes very profitable and countries are adopting it, there is a risk investing in cryptocurrency because of volatility but it is not also 100% safe to keep it in a bank although much safer than Bitcoin.

[Salloystic]

I think the best place for Me to keep my money is bank. It will be safer in the bank than in crypto. But it will yield so much more profit in crypto than in the bank. When you keep money in the bank and thief comes to steal it you will still collect your money back but in the case of Crypto,who will you run to collect the money

[johan36]

If talk about safety is clear in the bank more safe, but if you talk about investment and advantage in crypto more profitable, but remember in the crypto little bit risky .

[Vness10]

It's both bank and crypto is not safe now a days hackers or frauds is everywhere even in banks your money is not safe to save it their and in crypto too. But thanks to technology that you can save your money that no one can get your password and it because of crypto. Hard wallet now is more convenient way to save our savings.

[Troysen]

I don't  think that the money is safer min  the crypto market or wallet as compared to banks. the crypto market is way unsafe to be trusted with a number of reported hacks happening all the times, the banking sector guarantees the security of the coins something the crypto market cannot do

[MudahDanHemat]

I don't  think that the money is safer min  the crypto market or wallet as compared to banks. the crypto market is way unsafe to be trusted with a number of reported hacks happening all the times, the banking sector guarantees the security of the coins something the crypto market cannot do

It is true that cryptocurrency is not a safe place to store your wealth or assets at this time. Although crypto provides a great advantage if discussing the question of safe and not I think the bank is still declared as a safe place to store your assets. possible future crypto further improves in terms of security.

[Caelanpelley]

The truth is that depositing money in a bank is safer than investing in the crypto world. But bank interest rates are not high while investing in electronic money is much more profitable. Want to get rich, take risks when necessary. If anyone is afraid, then how can become billionaires.

[blue08]

Your money is safer at the bank however cryptocurrency can give you a profit  so far away of what the bank can give you in return. So if you like to earn more money, it is better to invest in crypto. But still, save some money at the bank for savings and emergency fund.

[amaterazu]

If you want to secure surely we keep the money in the bank. But if we want to develop our money, of course, we should keep it in the crypto. And can we know if its value will continue to grow and different to keep the money in the bank. Your money will not develop but will continue to be reduced since you have to pay a monthly fee.