Is Your Money Safer In Crypto than at the Bank?

[boltz]

I think the best way to keep your money safe is to have them under your control and not in the control on banks or anything related to banks. Basically keeping your money into cryptos involves a big risk that you have to take when you decide to keep your funds in bitcoin or altcoins.

[vendy86]

If we talking about safety, I am pretty sure that keep money at bank more safer than hold at crypto.but invest at crypto more profitable than a bank if you smart enough.you even can double it in a month if you lucky enough.

[bryant.coleman]

There are both merits and demerits in storing your money in the form of crypto. Advantages includes the mobility and protection from government seizures, while disadvantages include volatility and lack of legality.

[ghost424]

Deciding about this matter would take time before we can determine on which is better than the other. Some Crypto users keep their money in banks and also leave their money scattered in Cryptocurrency because it is one way to earn more and they trust the bank to keep their savings safe. We can never know where is the safest place because there are danger everywhere and it is only a matter of time on how fast we can react to the situation happening whether we are losing money or earning money in terms of Crypto.

[Nat77777]

It really depends on what you mean by safe and what country you are in.

[Betheng]

The two is different. If you want your money to have a bigger profit at the end of a year I can say you should say that crypto is safer if and only if you know how crypto currency works.if you know how to invest properly,how to hold and sell your coins and you have a good portfolio. But if you don't know the crypto currency works your money is safer in the bank compared in cryptocurrency. It will go into waste when you invest in a bad ICO or you just keep on dumping and selling your coins. In the bank, your money will never multiply but you will never lost it.

[Mutuwenge]

To me I prefer to invest in cryptocurrency, I can only invest on a ready Exchange coin, I buy at low price and sell off at high price, though I may not get double of my money, but I get atleast 30%,

[george888055]

Now it's depends on where are you from. If you are from US probably it's safer to keep money in bank, but if your are from Venezuela where crippling inflation could hit 1 million percent - safer to keep everything in crypto

[Katfilka]

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.

[Infracoins]

for me, wether in crypto or bank, they are both safe!..in bank, choose a established one!..in crypto, choose the most reliable and trusted platforms for you to surely secured your investment!

[vit0z]

It is better to use two options. I still make a choice in favor of crypto assets. But high volatility repels.

[TooDumbForBitcoin]

It really depends on what you mean by safe and what country you are in.

It is not safe in any means. Risk is 100% in a relation to value decrease and chances to lost  your crypto forever aswell

[Holucoin10]

Banks are solely meant to ensure fund security. Fund security is not fully guaranteed in crypto. That is why it is some sort of investment. You are open to both loosing or gaining without the chance of holding anyone responsible. It depends on how you play your game. Whereas, with banks your funds are 100% safe and intact, except for bank charges deductions which you must have initially agree to.

But I will still choose investing in crypto all day over dumping money in bank.

[lider1971]

Of course not. No matter how confident you are in the future of the crypto currency, the bank will be much more reliable. The bank has obligations, an agreement and so on. In the crypto currency, you can lose all your money at a time.

[yen10]

When it comes to safety, I think its safer to save it in a bank than in crypto. There are a lot of security features in banks, there are signatures, pictures, identification, and physical documents that makes it safer. In crypto, you have no proof of your money's existence and its prone to hacking and security breaches.

[HornChrist]

It depends were are you living! Like in my country banks closes very often and the market is not stable. But obviously have some trustful banks so I prefer my money to sit in bank. If you wanna invest and maybe get some profit or even big money then go for crypto I believe if you put descent amount of money in it the procentege gonna be much bigger than in bank.

[Bronenosec]

I would never keep my money in crypto . Crypto price is constantly changing, you can lose all your money

[Asdeeop]

I believe that it is more secure to keep it at the bank. All things considered, money can safeguard the esteem. In the event that it is supplanted with a cryptographic money, it is hard to be steady in esteem. In any case, cryptographic forms of money additionally have a decent place to gain more benefit. It can Let us end up rich, yet in addition may lose a ton of advantages

[luckybanker]

It really depends on what you mean by safe and what country you are in.

It is not safe in any means. Risk is 100% in a relation to value decrease and chances to lost  your crypto forever aswell

Hi, in terms of volatility, I think it is still safer in banks. The value of crypto can just change greatly in a blink of an eye, either you get huge profit or you get huge loss. I think it is still better to set goals and target to cash out some of my profits from crypto to bank.

[fivefingers]

It really depends on what you mean by safe and what country you are in.

No man, the safest place you could put your money at is the bank. That is a no-brainer question. Especially that the cryptocurrency market is way too volatile