Is Your Money Safer In Crypto than at the Bank?

[Asukilp]

I trust that it is more secure to place cash into the bank now than to utilize it to put resources into digital currencies. Since this cash is put away in the Central Bank, nations can encourage you. Presently digital money is just individuals' venture. The venture hazard is high, yet regardless I put resources into computerized cash. This does not require any reason, since cash is my own.

[blckhawk]

As I see, I think your money would definitely be much safer than bank since first bank companies has a permission to run by the governments, it has its own authority. Second one, is that it is free from theft although there is a chance but they guarantee you that you will be getting it back. Lastly, banks are the most trusted lending company. On the other side, crypto is decentralize, if you got lost your money then you will be the one who will do something to get it back. In addition, cryptocurrency fluctuates means if you invest money to this there is a chance that the money you have invested might become more lower than it is.

[preikaler]

we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment

[The_prodigy]

we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment

actually, either in the bank or in the cryptocurrency are always depend on you. there's no assurance that they guaranteed your money secured. but we can say that the banks are more fit in the job when in terms of security. the cryptocurrency are only for investment and for the earnings. but there's so many hackers in here.

[strunberg]

we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment

bank give us insurance to our money with certain amount.and it is not happen to cryptocurrency.no one can guarantee with our money.it can be loss anytime if market suddenly going crash any more.

[jugger1028]

This is a retarded question, of course your money is safer in the bank. Cryto is filled with scammers and fakes looking to steal your money, once your funds are in the bank, it's protected by the bank and insured.

[batrocio1]

I agree on your ideas. Lets face that Cryptocurencys market is not stable . But it’s the futures market strategy  for trading due to its nature that is very encrypted.. Good day

[Joriecoinbit]

we see many people who lose their money investing in cryptocurrency at a high price. there have been many like that and that is one example if the safest place to save money is in the bank. and crypto is only an investment

bank give us insurance to our money with certain amount.and it is not happen to cryptocurrency.no one can guarantee with our money.it can be loss anytime if market suddenly going crash any more.

There's also an instance that your money is not safe in the bank. There are a lot of cases that they've lost their money in the banks. But the good side of it is you can have it investigate by the authorities. Unlike in cryptocurrency, once you lose your money, it's forever gone. You can never request for an investigation on where your money now. There's always a risk once you put your money in the bank, but it is much safer than in crypto.

[khanza]

Yes, in my opinion it is safer to save money in a bank due to guaranteed security as well as in the case of funds not regulated by a currency It's different, we save money in cash that you exchange with you, like playing gambling.if the coin goes up then you get the profit if the price goes down then you have to wait for it again

[Myhunh]

if you only invest in crypto because its better than the bank then you're doing it wrong.
Banks where I'm staying offer very low interest, most of the time it can't even meet the inflation thus making "putting money in a bank" actually means "lose money"
crypto investments must yield profits if not, its better to invest in something else

[luongkaren]

I do not think cryptocurrency is safer than bank. Banks are protected by the state. crypto is not. It would be foolish to say that depositing money in crypto is safer than bank

[jalaaal]

both safe, as long as you hold your crypto in a safe place, which is hardware wallet. but I still choose using crypto than fiat storing in banks because I find it much convenient.

[adekogbe]

Banks have generally proven to be safe and although not totally safe as there have been cases of bankruptcy in the past but a lot of safety nets has been built into the banking system. The down side however is one is trusting a third party with the security of his or her money.
With cryptocurrencies, one has total and complete control of his money, so some may argue that cryptos are safer, but it is also very volatile and there will always be the risk of crypto assets loosing value

[autocurently]

There is a possibility of losing it anywhere. But I can't put all my money on cryptocurrency because of its high volatility.

[ss200]

Now the world crisis begins, so I prefer to save money in crypto currency than in the bank.

[shtorka]

Banks are not forced to give you money in case of natural disasters or bankruptcy.

[Starbo]

I think it's safer to keep the money in the bank but it's more profitable to invested in the crypto currency market !

if you have knowledge and skills in the field of crypto, and you are rightfully investing your capital in crypto currencies

[chidiarua]

For now, the most secure way for your money is in the traditional financial system as we know it--banks. Crypto is still a volatile environment. You never know when you lose all your money. So, banks are safer for now. For now.

[kbonomofinan@]

It's different scenario when your money is invested in crypto because of the risk that you might lose it all or it's the other way around. You can gain more is things worked out well with your investment.

[banboo]

Your country allows the operation of electronic money, but my country is not comfortable circulating electronic money