Is Your Money Safer In Crypto than at the Bank?

[Zythiphill]

Well, I think that Yes, I really like cryptocurrency, and the state we have to pay large taxes , and so I'm exempt from this

[1714641178]

1714641178

[1714641178]

1714641178

[1714641178]

1714641178

[1714641178]

1714641178

[1714641178]

1714641178

[1714641178]

1714641178

[MrLBE]

 But if you want your money to double or tripple or even more you can put invest it in crypto but no assurance...Slightly fewer crimes are committed in the sphere of the economy, with the help of various funds and off-shores...

[johnnywoo2015]

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.

You are right. First of all we have to separate the saved money from the money we are going to risk in investments. Invested money are not safe anywhere especially in crypto.

[setialovers]

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.

Its true, its not very wise if we put all our money on crytpcurrency. Crypto is high risk investment and price fluctuation very high. Better diversified our investment and keep money in bank account for daily need and emergency

[bizonglimang]

Bank is a better choice for the safe saving. But the crypto is a more profit way to invest our money. We can earn a ot of money in the market. But at the same time it is also more risky to lose our money in one investment.

[Sephire]

I think the answer will depend upon what bank and what crypto. Not all banks are safe but neither are most cryptos. Bitcoin may be the safest crypto coin.

[boolog]

it certainly depends on which country you live in. in my country, you can trust banks and they're very safe. surely it is different in other countries. but anyway, in my home country, banks are just as or even safer than crypto.

[Cordwel]

I think it's very safe to save money in crypto, it's just not worth keeping you storing gold, but here you have to have enough knowledge when you have to save your money or exchange it in fiat.

[MoreMoneyHunt]

I can vouch for crypto here from a personal experience. There are numerous banks in my country which have been closed down by the government because they do not meet the requirement of the central bank of my country. These banks are closed without paying the people's money.
With crypto, you are the master of your own finances. The total security to your money depends on how well you keep your wallet login details.

[dkkoi5]

No, I don't think so, I think banks are safer. There are certain risks in the encryption market. Especially in this year's encryption market, investment will face greater risks. Because the price of cryptocurrency has fallen very sharply in this year's market.

[MOProgress]

I will say NO to this question. If your money is in the bank, there is a full assurance of the safety of that money. but when the money is in crypto, there are three thing involve, is either the value reduces, Increases or even lost your investment to scammers.

[montaza]

For me, both are the same, I experience illegal activities in my bank account before where I have missing deposits, but in crypto I have not yet encounter such thing, but i heard people complaining that there crypto funds are missing in their wallet.

[Stioned1987]

of course, isn't approximately the safe garage of money, and if you save cash in cryptocurrency, you need to cautiously pick out which coin to invest, in order not to lose cash and the danger is always massive enough, while in the bank your cash will no longer be exposed to sincerely no risk

[seanjoseph]

I think it will safer at the bank.
In bank you surely can get profit.
But in crypto,  it's so risky because the market is so unstable.
No one can predict what will happen next in crypto.

[roadwell890]

Banks are safer than Bitcoin
with the existence of a support team, I think, the bank will be able to help us when we forget the PIN or Passcode
but if we forget the private key for BTC wallet, who will help us?

[kahrde]

I have long been about 70% of the earnings on the cryptocurrency go to the bank. This, in my opinion, is much more reliable. It is unknown what will happen to the cryptocurrency market tomorrow, and my money will not go anywhere in the bank.

[Yindian]

The bank must be safer, and the cryptocurrency is now and very unstable. I think the future cryptocurrency can go beyond the bank.

[danice15]

In my opinion bank is safer than crypto. Reason why? Banks have a lot of way to make sure that your money is safe.  Once you've lost your pin. Bank can always retrieve it for you. They have a lot of security protocol. Not like in crypto once you lost your private key your dead. But in investing crypto is the best though it is really risky.But still its worth it.

[tisumagic]

For me, both are the same, I experience illegal activities in my bank account before where I have missing deposits, but in crypto I have not yet encounter such thing, but i heard people complaining that there crypto funds are missing in their wallet.

maybe ot's not lost, but the value is reduced because the market price is bad, and it makes theselling price weaken. if we don't find that in the bank. so I think it's safer to keep it in the bank

[GazorpPozorpec]

Of course! Crypto belongs only to you, and keeping the money in the Bank you give them into the hands of greedy bankers who can deceive you.