Is Your Money Safer In Crypto than at the Bank?

[elementaryOS]

Both have good and bad as my motto: nothing is absolute. The born of crypto, first of all, was because of the unhappy thought after using the bank system.

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[Jenapza]

In my opinion, both methods of saving money have their disadvantages and advantages. If you place your money in a bank, it can become bankrupt and you will lose all the savings that are in the bank. regards crypto, then crypto is still very volatile and unstable, even exchanges and ICOs, and there are more scammers in cryptography. Thus, depending on the degree of risky acceptance, you can choose the best ways to invest your money, and their safety.

[thanh2302]

Because of its anonymity, Crypto is very secure to anyone who owns it. But sometimes you are also the victim of malicious hackers. For the bank, my money is completely safe and away from hackers

[anti76]

It is not safe to keep your money both in the Bank and in bitcoin.The Bank can become bankrupt, and bitcoin can fall in price many times.

[curly228]

Well, this question is hard to answer, because the point is to keep money somewhere, if they constantly have to work for you, in this life everything is not so complicated, just not everyone understands this

[Qweenty]

Funds are safely kept in the bank not in crypto or even on any exchange platform because the crypto community are full of hackers who can steal your money in a very smart way.

[vuanhtuanfpt]

if we want to keep the money safer then I think bank would be better than crypto because bank has a good security and there are no chance of losing them. but keeping in crypto will give a good profit with the time if you chose a good coin . but risky

[YendenCors]

Money in crypto, when the market is right, is potentially safer in that your potential earnings are high but it is instable and insecure.  Inaction is still an action, when you don't invest you are gambling just as much as when you do. But keeping it in fiat is safer in the sense of stability and security.  We all know that the dollar isn't going to change in value that much

[123pogi123]

For my opinion I think it is safer tho saved your money in a bank because it safe from some hackers . But it really depends on you cause there are countries  that they're bank system are not safe. So before you keep your money review first the system.

[krystaltoken]

Banks are more secured because they have a visible base and most times are regulated by the Government  of their host country of operations. But in spite of this sometimes they go distress leaving share holders to suffer losses. Crytocurrency has an even higher risk as no physical base of operation is known. Have you ever logged in to a web browser only to find out that the company has short down its site with no trace of finding them and all your hard earn money flushed down the drain? How devastating!
Business is  full of risk anyway, each day we wake up we trust Almighty God to help us in all our en devours. Crypto has a higher potential to make money. So its worth the effort to take careful risk.

[none of us]

i currently think banks are safer than crypto currencys itself. precisely because the value changes so quickly, a bank seems to be the better place for money.

[roglopolo]

I wouldn't keep all my money in crypto . I think keeping it in the Bank is the best option.

[thichtieuthuong]

In my opinion, our money in the crypto can not be more secure in a bank. Our money apart from the crypto is constantly changing and unstable and changing so fast and its profits are very fast and big and the risk is also higher.

[viktoriya1945]

Investing in cryptocurrencies is a very risky venture investment, of course, you need to keep money in the bank and invest in cryptocurrencies only a small part that you can afford to lose.

[Talkingbest]

In fact, in some countries, the fact that funds are placed in banks may not necessarily be safe, but people do not have better choices. Thus I believe that the investment in Bitcoin and another altcoins will be even more profitable, but it is still the most secure and remains to be discussed.

[JulkaEsya]

Everyone chooses for himself where he will store his money and I am one of the same people and as for the storage of money now at this time, I would all my free-to-use funds transferred to bitcoins and would wait for growth!! As for the reliability of bitcoin-the same can be said about banks and about gold and about diamonds,everything can become worthless and the main value will be in General-a piece of bread or a handful of grain. I'm talking about something that doesn't last forever.But I will not go away from the topic and say that while this whole game with bitcoin is just beginning and why not exaggerate your capital!!

[Upercusa]

Every year I trust banks less. They became very greedy and something is always happening to their financial system. I'm sure that you can trust cryptocurrency.

[SaveOurSea]

in my opinion, not all the money you have is put into cryptocurrency, because cryptocurrency has a huge risk compared to other investments, so storing in a bank is safer than in a cryptocurrency where there is always a hecker lurking all the time.

[ladaturekova]

It is a very difficult question. I think that people who has thoughts that crypto is a bubble will hold their money in banks and more far-sighted persons will put it on crypto.

[ajdaj]

the level of security in money deposited in crypto or bank types is actually equally safe, it's just that there is nothing in the crypto type that guarantees binding legal legality. and if it is to save the bank more insurance coverage that binds the law and is more clearly visible to use.

In any case, at the moment, money lies in the bank and their rate remains. But if my money is in the crypto currency, which I bought in 2017, then they decreased by 70%.