Is Your Money Safer In Crypto than at the Bank?

[zenfo]

Your money is as safe as your security. I think that a lot of people are getting hacked and they are losing their crypto. This is why the bank is a safer place if you don't know what you are doing

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[rachman mahesa]

Your money is as safe as your security. I think that a lot of people are getting hacked and they are losing their crypto. This is why the bank is a safer place if you don't know what you are doing

Indeed, saving money in the bank is certainly very safe. Because our money must be 100% still the same as the amount we save. If you save crypto money it is certainly very high risk for loss. And it is very true that you said that a bank where you can save money safely than you store in crypto.

[Mrvalentine]

Adopting cryptocurrency and its underlying blockchain technology to work with already existing systems, of course, has posed challenges. A recent example occurred when the technology infrastructure company Stripe took a stab at incorporating a bitcoin payment option. Unfortunately, the result wasn't a success.

[viktoriya1945]

Yeah it safe enough to have your asset in crypto, but there some risk you need to consider before move your fiat into crptocurrency, the value is not stable today you buy it at 100 usd tomorrow it can be 10. And you better ready if that happend or youll be broke af.

Quite rightly, I also think that the crypto currency is not in any way analogous to the bank depository, and most likely it's a very risky investment.

[clingy]

It may be safer to have a bank, but I like cryptocurrencies because cryptocurrencies can make me profitable.

[Sarisang]

the Bank is a safe place to save. do not compare with the crypto because crypto is not, in fact, a storage area for the money but it was a place for investment. so I think there is no connection to compare these two things. However, many people also know when stored in the bank then the money will not be increased as quickly as if invested in crypto. Even so, however, it has a big risk too.

[JRACfromYT]

Capacity the most secure cash is the bank. Since veering off cash in the bank has been clear, we are just ready to lift it up and our own information is additionally sheltered. Be that as it may, in the event that we need to discover preference we could store them in crypto. What's more, we can make speculations by purchasing a Bitcoin or Altcoin.

[buterinnews]

One day, I Sberbank held without explanation, a certain, a considerable amount of money. It took me several months on nerves to achieve their return. Since then, I don't trust banks at all. I think that the money found in the cryptocurrency will be more secure , for me option.

[dn2000]

There is no space for words 'stability' or 'safe' when we speak of market assets. What exists is the study so that each one makes decisions about the best moments of buying and selling.

[kuncimobil]

Crypto has a high risk so that if you save money in Crypto it will be very risky than at a bank that will be safer but it will be more profitable than the bank because it can get profit at a growing price

[Fourgh]

In the bank! It's obvious, but you cant expect to make a fortune out of it just parking it there. You should invest it to grow and earn more.

[Ashong Salonga]

Your money is as safe as your security. I think that a lot of people are getting hacked and they are losing their crypto. This is why the bank is a safer place if you don't know what you are doing

I can not say that our money will more safe in crypto over than the banks because we all know that putting our money on the banks will definitely be very safe but if we will put our money in crypto for sure we can able to have a lot of money.

[Gumpfire]

Still, it is safer to put your money in the bank because of the high security of it. Remember that the crypto is in the internet and the internet is prone to many hackers.

[markalis]

my money becomes 75% lower when deciding to save it in a bank, maybe we better still use conventional banks and crypto as an alternative

[acord00]

For now I feel that my money is safer in crypto currencies than in banks. When I save my money in the form of crypto currency, no one can know where I am saving the money and the exact amount of money that I have. Besides that, I myself hold control of my wealth and I can control my money anywhere and anytime. Other people will not be able to know about my finances. Unfortunately, crypto currencies have not offered insurance against our crypto currencies when things go wrong.

[infested999]

The only reason why the money are safe in a bank is that banks give you insurance if someone breaks in...but it is not safe enough if that bank fails and you will loose everything.

[makladun]

Saving money in crypto has two sides - yes, you are not influenced by financial institutions or governments, but at the same time there is a high volatility in crypto, you can loose everything.

[Gyromancer]

In my country Indonesia, a country that still prohibits transactions using bitcoin, saving money in banks is safer than crypto currencies. Saving money in crypto currencies is very risky hacked by hackers and we can also forget our password, when we have forgotten our password, the money that we have will not be able to return. Different from banks where there are many parties that offer insurance when we save money in a bank and something bad happens. Of course this is what is more sought after by the community, namely a sense of security in saving money. We also don't worry about the fluctuating value of a currency when saving money in a bank because the bank adheres to a centralized system.

[kobe24]

I disagree with that probably banks are the most secured way to store your money and you don't have to worry about losing your private key.

[mksundip]

I prefer banks as a place to save safe money and the value will not change, I have used crypto and its value has decreased even to 50% lower