Is Your Money Safer In Crypto than at the Bank?

[kakaword]

I think that the money is safe in the bank but the income is small, the investment encryption is risky but the return is very rich.

[MedicineVNT]

I take all the risks we have in our example for the bank still have the risk but the low rate but you send to the bank then obviously the profit you get will be lower than you invest in crypto market

[UAE Seasider]

At the moment I would say your actual money is likely to retain more value being stored in the bank, however I do not think it is any way safe there as once you give your money to the bank you are an unsecured creditor, last in line for any refunds if the bank would get into problems.

[Herdirfauzi]

I think crypto or banks have their own strengths and weaknesses, depending on what we will do and we want, but when you want to save money, the bank is the best choice, and when you want to invest your money to make a profit, I think crypto better than banks but in the crypto world there is no guarantee that everything depends on you when choosing what investment you choose.

[mrspumpkin]

I think, no place is better than bank to safe our money, as there are a lot of hackers on the market who are looking for how to steal various coins

[Athanasios Motok]

Speaking for me, I do not keep money in the Bank, because to withdraw them I have to cancel the Deposit agreement, so I keep the money either in cash, that I could at any time have money in my hands, or in cryptocurrency, which multiply in my wallet.

[LadyNymeria]

For me both has its ups and downs and depends on the situation and how you see it. In crypto, market is volatile with value going up and down. Then you need to take care of your wallet - making sure that you have backups and not lose your private keys or passphrase or share it with anyone. Bank is more stable and reliable too as long as you also take care of your bank details. There is also insurance up to a specific amount depending on your bank.

[caviarpackage]

I think it's definitely not safer.

[Convery]

Look what is happening in the world and especially in developing countries like Turkey. 20% loss in one day. So I think that money in crypto is more safe and stable. Crypto will be a next gold - digital gold.

[Catch-22]

I don’t think so. Bank deposits are insured, cryptocurrency isn’t. One of the reasons why criminals prefer cryptocurrency. News of hacking abound. Government regulations is a must for cryptocurrency to become mainstream.

[Nureni]

Haa! No money is not safe in the crypto like that of bank, if your money is save to your bank account and the thief rob the bank you have the probability of getting your money back, but if your account in crypto is been hack no way to get it any more, so your money at bank is safer than that of crypto.

[Auto9372]

my money is safer in the Bank than in cryptocurrency. investing in cryptocurrency is very risky.

[hmil]

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A great opportunity for investors to invest in a new project. This project has a very strong team. I am sure that the whole world will soon find out about this!

[zhelis74]

Look what is happening in the world and especially in developing countries like Turkey. 20% loss in one day. So I think that money in crypto is more safe and stable. Crypto will be a next gold - digital gold.

Crypto investment is promising to be profitable but being a decentralized system most people afraid to do for there is no other party to deal with in case something not good happen along the way. The difference of crypto and bank investment is so far different in many aspect like profit and security and its all depend for the investor if until where he can take the risk because  every investment still involve risk, but for me bank is safer but profit is very low, unlike crypto investment that its always been have a good opportunity to have more profit as long as we can handle its risk.

[bitcoin31]

Bank is more saftey because your money only save to them but it will not grow. But in cryptocurrency you can gain more money than bank but in crypto is very risky because possible that your money lose or gone.

[Alohadance]

There positive and negative points to hold your money in crypto. But the biggest advantage that only you control your money.

[Kweiker]

Your money is safer in the Bank than in the crypto market. Crypto is a very uncertain market. Maybe you'll become a millionaire with little investment, or you can become weaker if the market goes against you with a few days, even a few hours.

[serejandmyself]

Maybe in bank is safer to store your money because if the bank will be robbed, they should return they money to you. In crypto you are responsible for your coins and nobody will turn back your stolen coins. But you have some advantages, your money are accesible 24/7 and you dont pay fees for keeping the money...

[jacafbiz]

It depend on how one look at it, Bank can withhold your money if they feel there is something with your account, Crypto your account can be hacked and you lose all your fund. It is better to balance both because I still don't thing we will have a world without Fiat

[pedropenduko001]

I think the bank is safer than crypto but the reward is lower and low risk opposite of crpyto that has higher chance of getting reward but higher risk