Is Your Money Safer In Crypto than at the Bank?

[Kelly777]

State structures are wary of crypto currency. There is a risk that it can be banned. Many countries have imposed restrictions on its use, and violators can be fined. And the situation with dollars is absolutely different.

[alex-nn]

Crypto is most safe because only private key or seed phrase is the access to your coins! Nobody can't confiscate your private keys or seed phrase and nobody knows that you have any crypto

[DianTama]

You can never be 100% sure that you and your money are safe. Cryptocurrency, exchanges , wallets are constantly exposed to hacker attacks. It is possible by negligence to lose everything in a minute. Banks can go bankrupt and you will also find it very difficult to get your money back. I do not even know which option is better for storage now. .

[karlkino]

Long term I think your money should appreciate more with time if stored in btc thank in the bank. however, I am a little old school, I like my money close to me, in my safe. In terms of safety however, the best place to store your money of the two would be in btc(cold wallet).

[Fakeer 666]

Of course, it's better to invest money in the crypt than in the bank. After all, in a bank, even if you yourself put this money under interest, then the bank will take very high interest from you even for your contribution, and the crypt is transparent. If someone bought a bikoyan at a price of $ 5,500. This man and now with the fall of the cue ball will be in the black.

[Leviathan123]

For security i think it would be better safe our money on Bank rather than Crypto , so many scam sites, hacker  and anything that would make our money lose , but For profit , i think crypto is more proffitable than bank

[xDispeLme]

my money is safer in the Bank. and investments in cryptocurrency are always risky and it is unknown what will happen to them tomorrow.

[Tylev]

Here you can not give an unambiguous answer. The degree to which the crypto currency is stored safely depends on which crypto currency is stored, in which purse and with what level of security they are stored and much more. Also, one can not unequivocally say about the banks. There is. banks are very reliable in all respects. Others are not so, because they lead a risky financial and credit policy, while others are generally on the verge of bankruptcy. If you act wisely, it will reliably store money in both the crypto currency and banks.

[tanvirnsu5]

Remember: Cryptocurrencies were designed to allow people to effectively take back ownership of their assets.

So when you store crypto on a wallet for which you have the only private key, that crypto is truly yours. No one else owns it and no else can get their hands on it.

The money you have in a bank is a different matter entirely. When you make a deposit, you effectively grant the institution the right to take control of your assets. The bank loans your money to third parties. And yes, you could wake up one day to find that it’s no longer there

[Juniness]

well, of course I have in the Bank and in the crypto-currency, in the Bank I keep the money for life , and in the crypto-currency I certainly earn more, and somehow more risky to keep

[AvadaJigurda]

cryptocurrency, of course, is not about the safe storage of money, and if you store money in cryptocurrency, you need to carefully choose which coin to invest, so as not to lose money and the risk is always large enough, while in the Bank your money will not be exposed to virtually no risk

[Kurokyy]

Bitcoin only knows that I know how to save money than bank sites that are not sure because the bitcoin wallet is like a vault that is also used by many people's funds.

Obviously, your money is safer in banks rather than cryptocurrency but the scale of price increase in banks is very low so people will always prefer placing their money on cryptocurrency.

[Pet240]

The banks in country i live in have given me more reasons to believe that keeping money in crypto is far better than keeping it bank. The exorbitant rate charged by banks for providing service to their customers is one of the reasons.

[AbelFF]

Banks most of the time respond for any money stolen or missed, in cryptos you don't have that advantage, if someone hacks your e-wallet then you are pretty much screwed.

[BertoloyBTC]

In the bank your money is at safe condition compare to the money in the crypto investments ,because of this hackers around and digital investment is of great care because once your are mistaken then you will lost your money, and you can not complain it , so in life of cryptos your money is at risk but manage it carefully and be safety always.

[Dessy88]

It depends on the country, but for most I would say a pretty solid no.

if I think fifty percent in crypto and fifty percent in the bank
if you talk safely, my opinion is safer to save money in the bank
but if you talk about profits that are definitely more profitable to save in crypto

[tanjiran]

Regarding the risks, banks are safer than cryptocurrency. The bank has legality from the government, while cryptocurrency does not, only applies in certain countries. The risk arises when you are unable to adapt to volatile prices and security threats from your wallet that you have. On the other hand, if you are able to overcome that problem, the cryptocurrency price movement is fast enough so that you can use it to make a profit, that's the advantage of cryptocurrency rather than storing it in a bank, where the price changes slowly.

[bagas79]

In my opinion, both have their own weaknesses and advantages.

[earn20]

I wouldn't say that. In the Bank, the money will not be lost, and the cryptocurrency may rise in price, and maybe cheaper, and the money will decrease.

[Theaticands]

there's a actual question where better to preserve the cash. If it's far the ecu financial institution - it is ideal variation, but if the financial institution from the previous united states territory, in such case it's far higher to buy Bitcoin.