Is Your Money Safer In Crypto than at the Bank?

[edwardsolo2021]

I think your cash is more secure in the bank as you pay them for anchoring your advantages. That is the reason they require those high exchanges and different charges for your security. The decentralized idea of crypto on the otherhand dependably you to openly make any exchange without the intercession of any monetary foundation. Obviously with your own hazard.

[1715669930]

1715669930

[1715669930]

1715669930

[KDjr]

most people do prefer bank because of the safest thing to save money and gain few interest by depositing money in the banks, but crypto is not a bank where your money can be save like what bank can offer, for me crypto is an investment where you can earn profit and also lose profit at the same time, you can take a risk to win a good profit by investing into crypto by buying coins in the market, if you like to save money and only for a emergency purposes you can try saving in the banks.

[ennave123]

Technically the safest place is the bank. There are many ways to breach things digitally especially the internet. However, when it comes to growth, crypto currency has it. It's not simple though, you still need to learn things but once you have learned, it won't be just a storage of your wealth, it will become a machine for profits.

[jjeeppeerrxx]

For now, I believed its not safe to put all the money in crypto because of volatility the crypto is not fix you can lose all your hard earned money if the price goes down. For now the best use of crypto is for trading purposes if you want to earn fast money it is possible in crypto not in a bank.

Talking about safetiness of money storage its more safer in bank now compare to crypto but in growing money prefer crypto.

[alahmadcoin]

I imagine that it is more secure to keep it at the bank. All things considered, money can save the esteem. On the off chance that it is supplanted with a cryptocurrency, it is hard to be steady in esteem. Be that as it may, cryptocurrencies likewise have a decent place to gain more benefit. It can Let us wind up rich, yet additionally may lose a considerable measure of benefits!

[Labay]

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

I agree to you because there are some hacker on online but in bank was not so the more risky, the more money you've got.  At the bank, you can gain a little profit but sure money while at crypto, it is either you get double, trice by your money to get you back but it is also you can gain loss a double or thrice also.

[xbossJ]

I think my money is safer at the bank. Giving the high volatility associated with cryptocurrencies, plus hacks here and there! it isn't OK to say otherwise. But if you are investing in crypto, it has to be money meant for crypto, careless sums of cash you can do without and be ready to part with. There is however nothing wrong with leaving your money in crypto if its the right ones, with ideal visible used cases! Also you could day trade it, taking profit on little gains and staying contented.

[Krismanto]

If viewed from the safety, of course, would be more secure if it saves money in the Bank. And save money in the Bank it was very difficult if people are going to steal money. But in contrast to keeping money in crypto. Our money can be lost because of our wallets in the Rover. And if viewed from its positive we can get the money because the price of coins continues to rise.

[Janienregado1992]

let say yes!! If you doing this multiple wallet it will make safer your coin from the hackers and investment!! I think Bank is the safer that crypto cause Bank has the most powerful device that secure all money that youve deposit on it!! and absulotly have just minimal system error!!

[vaclavpavlecka]

My money is safer in bank than crypto. Crypto is full of uncertainty and the market can be bearish for a long time without even breaken even to the initial price you purchase your coins.  Because saving money in the bank will not disappear if we do not take, and if our money is lost for no reason it must be replaced by the bank.   

[clonedone]

If we are talking about safety, I think that at the moment it's much more safer to keep money in the bank. On the other hand, the bank deposit can't be compared with cryptocurrency in terms of profitability.

[Jayskie15]

For me its both nothing to compare, because bitcoin is decentralized and because of blockchain your transaction cannot be easily traced and also in the bank it is safe, banks have a lot of securities and also doing their best to protect their clients.

[TastyChillySauce00]

For me its both nothing to compare, because bitcoin is decentralized and because of blockchain your transaction cannot be easily traced and also in the bank it is safe, banks have a lot of securities and also doing their best to protect their clients.

That's what you can benefit from the centralized nature unlike the decentralized ones. There's authority to control over all the transaction and everything is reversible since that centralized instance have absolute right to modify what has happened but with decentralized blockchain system that's not going to happen.
Also if we're talking about bank, there's ofc some fraud ones but most of the bank that's under government have guarantee for their client's fund because centralized nature ofcourse.

[Ivy41]

Keeping one's money in bank thou good isn't wise enough when there is an option to put them into investment(Crypto) standing a higher chance of multiplying the money. This goes for when one invest especially in promising coins like ETH.

[Niam_bakri]

I think money will be safer at the bank, if it's a savings. but if it is the asset you want to increase the value of crypto becomes one of the right alternatives. unfortunately crypto money is very volatile in price, we must be careful not to lose our money.

[beeelzebub]

The past showed us, the best place to hold crypto is our wallets.

Maybe at some point there will be a safer options but for now, i won't use a "crypto bank"

[taikale]

I reckon the money is still safe in the bank, and the safety factor is way way higher than in the cryptocurrency.

[snipernumberone]

Crypto is designed for investing and making money. I think cryptocurrency obviously gives more protection of money than banks.

[Balinsayaw]

The money would be safer on the bank of course. Crypto is very unpredictable and the volatility of the market makes the money unsafe on crypto.
If you keep your money it is better on a mutual fund, it gains bigger than a bank.

[Viceroy]

Currently the crypto market is very unstable, thus it is better to hold you money inside the bank. This will possibly chance in the future, but one again, currently, banks are safer.