Is Your Money Safer In Crypto than at the Bank?

[bledex17]

no, I've felt it, crypto is not a place to save money, this is the place for you to invest. You can't silence your money here because cypto is very volatile the price is always rising and falling suddenly.

[jekjek]

For me. I feel safier if my money are in the bank because banks are most secure of saving your money. they have more security rather than crypto because sometimes in crypto they are many hackers around that observing the market trend so if they attack that market or wallet you will lose everything you have there.

[kendra1107]

I'd rather say that my money is more profitable in crypto than in banks. I can make a lot more profit in investing in crypto than bank investments. But when it comes to security, banks specializes in that area. Our money is definitely more secured in banks because that's the main purpose of the banking system. But if we are aiming for profit, I'd take the risk with crypto.

[OutdoorTestDrive87]

I think both are same in the fact of security.

[HighStreetIntent45]

I don't think so.

[FrontRow364]

Although crypto market has great future but to meet this recuirements it need to go far.

[gigusico]

in my opinion they are nowhere secure, because if there are several conditions for both one option and another, they will be at risk

[odranoel]

In my owned opinion, yes, we can say that in bank our money is more safe compare in crypto, of course in terms of security it is but if we talk about income? it is in crypto that makes us better thats why i do prefer put my money in crpyto than at the bank.

[Abeycity9917]

First, the country shut all of its banks for several weeks so no one was able to even access their savings. And as I understand it, even after the bailout, most people lost between 20 and 50% of their savings, so saving my money in crypto is better

[poktur]

If we are talking about security, then the bank wins in this respect, but it is profitable to invest in the crypto currency

[ReformIllusion014]

Keeping money safer is in our own hand. If we neglect to secure, then our money in bank will be also safer. And everything in digital world has some issue. But if you take necessary precaution, then your money will be safe.

[fatymaeos]

Certainly. They are not exposed to the traditional risks that are exposed to savings in the Bank, such as bankruptcy, theft and so on. Cryptocurrency is free from such risks of unreliability, so the savings in it are more secure.

[Pasker80]

If for a place to save, it is certainly safer if we store it in a bank. However, if you want your money to increase and be prepared for the risks that will be received. Investing in crypto will benefit you.

[U2018]

This is for sure. The safest place in every country is the bank, but the bank is shrinking your assets through crazy printing. Do you understand what I mean? The cryptocurrency is used for investment, and the bank is just the housekeeper of money.

[Abiky]

I'd rather say that my money is more profitable in crypto than in banks. I can make a lot more profit in investing in crypto than bank investments. But when it comes to security, banks specializes in that area. Our money is definitely more secured in banks because that's the main purpose of the banking system. But if we are aiming for profit, I'd take the risk with crypto.

Agree. Cryptocurrencies may be a lot risker than simply saving your money in a bank, but extremely profitable if you tell me. Depending on the type of crypto you invest, will be the reward you'll get in the long term. Both Bitcoin and Ethereum are quite profitable for such purpose and extremely secure. Hence, if you use a hardware wallet for these cryptocurrencies, you won't need to worry about securing your funds ever again. It's hard for a hacker to steal your funds if you follow the best practices to secure your crypto. Otherwise, you can easily fall in the trap.

On the other hand, it's much easier to save money in the Bank, as it does all the work for you in terms of securing your money for the long term. Therefore, I believe that it's best to balance between saving your money in a Bank, and in a cryptocurrency like Bitcoin by using a hardware wallet. Just my opinion

[Nenacondr]

This is a very difficult question, the bank is more reliable storage from criminals, but the crypt allows you to hide your income from all

[strwy09]

I think people's money is definitely safer to put in the bank than it is to encrypt. This is the conclusion that can be drawn without thinking. Because there are too many risks in the world of cryptocurrency, it is very likely that you will lose all your money. But the world of cryptocurrencies will allow people to get a lot of money quickly.

[freedomforever]

Actually, i dont think that my money is safer in crypto than at the bank. Maybe its gonna be safer in the future but now no.

[aehsj]

I think that my money in the bank will be safer and more reliable than the existence of the cryptocurrency market. The cryptocurrency world is very risky and unstable, but my money is in the world of cryptocurrency. The reason is very simple because the cryptocurrency world will give I bring a very big profit

[Xhero]

I think that as long as we refrigerate the private key, then our money is safe, and I believe that hackers can't steal our wallet, so I think it's very safe. Of course, the bank is very safe, but I don't think it has me. The wallet is safer.