Is Your Money Safer In Crypto than at the Bank?

[charlbrown]

The chance that someone stole money from the Bank is much lower than if you get hacked. Therefore, definitely a Bank.

[Luckym7]

Yes and no. I can’t tell it 100% yes or 100% not. If you make a deposit in the bank then Bank will give you a fixed amount of profit. Else Bank has totally responsible for any loss of our deposited money. But in crypto, there is no responsibility for losing our money. We only responsible for losing our own money. In crypto, there are lots of opportunities to make money and can make a huge profit than a bank. If we think Risk is the main fact that Bank is safer. If we think profit than crypto is safer. 

[okour999]

it's possible that you could steal your money from crypts because I have been announcing that it was hacking an exchnager site and millions were losing money and altcoin that exchanger was etherdelta and too much was lost and robbed so no your crypto money is safe but the exchangers also have extra security too like bittrex and binance just because you know the most secure exchanger site that can only cost you money.

[Adedbum]

This is a great question that I will love to answer in bank my money can't lost value or add value but in cryptocurrency the money invest can add value and reduced in value

[ScoutRange520]

Its safe but not safer than bank I think.

[FrequencyRules058]

No i don't think so.It will take lots of time to replace this concept.

[keykey1]

Your money might be in safety when it is in a trusted bank but you do not get a good income when you hold dollars there. Holding different cryptocurrencies, you have more chances to earn really much.

[SilentMonitor641]

I think its safest to keep money in bank.

[alex_kir]

There is nothing more dangerous than keeping money in crypto-currencies, because all that is today in the crypto-currencies has fallen in the amount of 100%, you think it is normal? I do not think, because crypto currency is a risk.

[otunyot]

Money been safe in Cryptocurrency or anywhere else is a relative term! Your money which has gone into bitcoin or altcoin is definitely safe if you practice standard safety procedures in keeping your coin!  

[tredingaltec]

If you choose a coin that is good enough it is certainly very safe but you have to estimate when you will sell it again

[BTC_ADA]

If you look from the storage of money in the long term, the banks I trust more. But there's money lying dormant, and the cryptocurrency can make good money.

[amobi]

For me, most time i would prefer the bank to crypto especially with the of hacking that go on these days, phishing sites are increasing by day, people wallet are getting hacked, most people private keys have been compromised.

[kenmobility]

Yes i would prefer saving my money in crypto than at the bank if i take all the necessary measures to ensure that i secure my wallet and my private keys very well against hackers.

[CreativeMotion009]

Crypto provides safe but bank is safest.

[Drendert]

I think it's best to keep your investment in the Bank. I think in the future, Cryptography will be more secure .

[kz06]

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 expenses for your security. The decentralized idea of crypto on the otherhand dependably you to openly make any exchange without the intercession of any monetary organization. Obviously with your own hazard.

[Jonnitor]

For me not, because crypto world is not very safe and have no assurance that it will grow. Unlike in a bank which your money is more safe and you can check it regularly. In crypto there are so many hackers that can hacked your online wallet.

[Moshaid]

Presently it more safer to keep money in bank than in crypto. One of the disadvantage of crypto is hackers hacking users wallet which can be caused by carelessness and after been hacked there's no rescue but in bank even though the bank is being robbed the bank has to be the one to provide you back every penny. So for now bank is preferable to Crypto.

[Korkorjkk]

I think your money is safer in a bank than in crypto, but it also has disadvantages. You cannot make a lot of profit if you keep your money in a bank but you can make a lot of profit in crypto.