Is Your Money Safer In Crypto than at the Bank?

[korg1960]

Consider. as in the crypto currency, and the Bank conditions are not safe for the storage of funds. We can expect inflation and the collapse of the exchange rate, which in the end can lead to a loss of cash savings.

[David bente]

my money is safer in the Bank. this is why banks have created that people can safely keep their money. keeping money in cryptocurrency is very risky, because it is not known what will happen to it tomorrow. it will rise in price or fall.
 

[smoker36]

Personally, I now prefer the option of storing my money on a bank account. Because in that case there is more confidence in banks. After all, in case of bankruptcy of the bank, it is possible to receive compensation from the state or insurance companies.

[Thiekungan]

Safer saving money in the bank. If saving money I think crypto is riskier. But if you want to invest and earn a profit. You can invest in Crypto, by investing I am sure you can grow your money.

[MR_Klip]

I continue to state that in my case, a more suitable option would be to work with crypto currencies compared to bank deposits. After all, when working with crypto, I have the opportunity to flexibly control and adjust my financial operations, avoiding control by the state and other organizations.

[hetecon]

It seems to me that the crypt is not much better than banks as for long-term investment. I think that banks are more reliable and there you can at least save your assets.

[Silverstone79]

Crypto-currencies, on the contrary, are more reliable than banks and better than fiat money. they have a lot of advantages. if you keep money in a bank, then they belong to the bank, but not to you.

[jugger1028]

Crypto-currencies, on the contrary, are more reliable than banks and better than fiat money. they have a lot of advantages. if you keep money in a bank, then they belong to the bank, but not to you.

This is just ridiculous, banks insure your fiat currency held there.. crypto has zero insurance and is a scammer haven with absolutely no recourse if you ever walk into one of the thousands of scams waiting for you out there. 90% of the ICO are scams, the masternodes are barely any better.. Keeping your money in a bank does not forfeit your right to the fiat you hold in the bank. It's like you people have never owned a bank account.

[Justinalex]

in my opinion it is safer to deposit or deposit money in the bank even though the profits are small, but it is more profitable to invest in the crypto currency market, maybe the bank is the best choice even though there is a very low prize and very low risk like that. thank you

[blackpaner001]

Yes I think so. Its safe if you invest in in crypto but make sure that you know how to trade because once you ignore your investments, there's a possibility that you may loss them easily.
The money do not remain the same sell value, so if you would ever want to withdraw all your money there is no guarantee that you will get the same amount that you have put here.
While money in the bank is also safe but as years gone by, the amount that you save in the bank will cost smaller.

[kenharry]

The volatility of crypto  does not permit it as an asset. So keeping money in crypto is more risky than keeping it in banks. Though the  money kept in crypto can double or triple in no time, it can also be lost in no time. The benefit of keeping in crypto is worth the risk. Here owner's decision is paramount.

[anatolykarpov]

During bear market, keeping altcoins or BTC is riskier in the sense of it may lose it's value if you don't take profits or don't switch to USD or USDT.

However I think BTC is a safe bet. In the long run BTC will keep on increasing. And as for safety, if you know how to handle hardware wallets or offline wallets then you shall be pretty safe.

[Erzinnum]

I think banks are better than crypto anyway. Crypto is too young and unpredictable. It can be used for short investments

[Gudhal Untu]

As we know that crypto investment is a risky thing, whereas banks are the safest investment because they are fully guaranteed by the state, but crypto is an opportunity to get big profits so I dare to put money in crypto bigger than the bank.

[bevthazor]

I agree with most of that, if you keep your money in banks, it is much safer. The purpose of banks is to save and protect the money of their customers.

[vigos]

In a sense, crypto assets are indeed safer than banks. Because crypto is completely kept by ourselves, money is deposited in a bank, if the bank goes bankrupt, then the money is equivalent to the loss. But crypto also has its own shortcomings and is not necessarily completely secure.We still need to wait for the crypto to be further improved.

[kaltar]

In the cryptocurrency market now as in the wild West, you can only hope for yourself and the safety of money depends only on the precautions taken. Someone likes that, but someone is scared off. But in general, the risks of storing money in cryptocurrency are still big and each of us must be very careful.

[Suwycu]

As it seems to me in the bank money is safer, but keeping in the crypto currency is still profitable!

[prdn]

I no longer have confidence in Crypto currencies, I have lost a lot of money, and I lose more every day. I'm worried and worried about the future

[Md Saykat Nazir]

you notice, in the financial institution your money work for other people, they earn on it. And on the cryptocurrency marketplace you can boom your deposit numerou instance a 12 month.