Is Your Money Safer In Crypto than at the Bank?

[D1zee]

At some point your money still needs to go to the bank, I will certainly have my money in the bank even when trading crypto. If i had move all my money from crypto to the bank last/early this year it would have had more value than it is now  

[SnapFX]

Of course, it's more reliable to keep money in a bank than in a cryptocurrency. This is due to the high reliability of bank accounts and the high volatility of the cryptocurrency.

[kokobaba880]

It is the difference of opinion but i like to keep my money in crypto than bank because i am using online money for buying of different mobile applications and other website services and that's why i do not need to keep money at bank and for other reason the crypto value is rising so the value of my money is rise with it.

[kritiana008]

Each of these alternatives has its own feature for positive surviving,  but crypto is more reliable here because money depend on you here only while banks use your money and give you something like small reward like %%. Crypto is more 'thankful' and its abilities are more stable, wide and more far-sighted.

[hheight]

I don't think that we have some measurements to define what method is safer. On the one hand, crypto is a much riskier investment in terms of money. But at the same time, it is safer in terms of security of your tokens. There's no way to lose your assets if you are careful. In the bank little depends on you.

[zhayidgu]

I think putting money in the bank is the safest thing, but if you want to make you rich, I think you still need to invest in cryptocurrencies, but investing in cryptocurrencies has a certain amount of risk, but the risks and benefits coexist.

[royalcrypt]

We are not there yet, that we still have a long way to go before we start to prefer crypto over banks when it comes to safety. Cryptocurrency is still very new in comparison to fiat so it will take time to improve and resolve so many current issues and establish trust of much more people worldwide.

[TheClownSong]

It is safe to keep the money in the bank, but there is no profit, it is very profitable to keep the money in the crypto but we have to take individual security measures, we have to be very careful. I prefer crypto.

Why do most people say that you won't earn if you put your money in a bank? you will! Another thing that you could make more if you keep it in crypto. But you are far less likely to lose anything while the money is on a bank account. So I prefer to share risks and keep what I have both in a bank and in crypto.

People will earn money when they put their money in banks but the value always decreasing because of inflation. Its much better if we use that money to invest rather than sleeping in bank account. Crypto is one of many investment instrument and i am believe we should not invest with all money we have

[MelojoeBryan]

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.

Thank you for the advice, I became aware of the steps I must take so that I do not experience loss and I am also often careful in making any decision if I do not know I usually seek information from other people whether it is asking or looking for it on the internet, hopefully the ingredients can everyone saw them know

[kerremy]

Yes, I think, your money is safer in Crypto than at the bank.

Just because crypto is not in a position where everyone is guaranteed 100% with safety measures does not mean that crypto will not reach that point in time.

[Hinugh]

When it comes to the safety of the money of course bank is one of the safest.But if you want your money to double or tripple or even more you can put/invest it in crypto but no assurance.

Bank and cryto had its own functions. And comparing this two which is safe is questionable . It could be depend of the purpose of your plans to your money. If you want to just keep your  money for emergencies or just to save it you put it to the bank but if you want to grow your assest investment is the best options like cryptocurrency. Only that you have to consider the pros and cons.

[runikovsky]

It's stupid to keep everything in a crypto currency. Money should not lie somewhere, find the right application for them, invest somewhere

[Madara_Uchiha]

In the bank, you can use insurance and thereby minimize your risks. When investing in bitcoin, this is not possible, so it is more risky.

[kaizerblitz]

Your money will be safe if you put on crypto but there is risky on that point because the price of bitcoin is up and down but on the security it is more secure than the bank because bank have not a capable to secure your money.

[Psalmy2cute]

I am tempted to say bank is more safer because of the current volatile crypto market. But if I am to advice you I will say go for crypto, but not just any Cryptocurrency go for a Cryptocurrency that seems stable, for me I choose EON protocol,

[truetempo]

Banks are the safest way to store money. But banks will not give you big profits and if you want the amount of money to double or triple, you should think about investing in crypto.

[pamsugas]

for security, of course I prefer their bank to guarantee that our money will not be lost in contrast to crypto no one guarantees the loss of our money

[baribori45]

I doubt that crypto will be the best way to store your money than in a bank, there are big risks that the rate is unstable, both systems can be hacked or stolen, I usually hold the opinion that it is better to have your money and your cash in cash. A good bank can guarantee you your monetary security for a period of time and a case of theft, it can be tracked and returned, in crypto this will make it more difficult.

[milani]

There is a real question where better to keep the money. If it is the european bank - it is good variant, but if the bank from the former USSR territory, in such case it is better to buy Bitcoin.

[Haytim]

I find the banks safer. But as the profit rate increases, trust decreases.
Therefore; I keep 70% of my money in the bank and 30% in the crypto. I'm taking less risk this way.