Is Your Money Safer In Crypto than at the Bank?

[Endorphinity]

I think we should keep our money in different places. That's why part of my capital is invested in the crypto currency, and some are in the bank account.

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[Abiky]

Actually I don't think so because crypto is shaking extremely hard now, you'd store 10000$ and be with 3000$ after several months, so where is safeness?

That doesn't have to do with safety, IMO. A cryptocurrency could be safe and secure despite its price movement on the market. The recent downfall in price is just natural, as cryptocurrencies are volatile after all. However, in terms of safety, it all depends on how much hashrate a specific cryptocurrency has, and how well it's developed. In addition, users themselves need to take the proper precautions to secure their money in crypto, no matter how safe or secure it is. A little mistake could cause you hundreds or even thousands of dollars in losses when putting your money into cryptocurrencies like Bitcoin and Ethereum.

As such, you need to follow the guidelines to make the hacker's life impossible. When cryptocurrencies are compared against a Bank, they're much safer because there's no middleman, no single point of failure, and no government pressure. On the hand, Banks are easily manipulated by governments, and the access to your funds are limited by their sole discretion (which means they could freeze your account, etc). Therefore, if you're looking to secure your money, then look no further as cryptocurrencies are the safest method to secure your capital (especially in Bitcoin). Just my opinion

[Divere1996]

My money are virtually safer in crypto, if I keep them on Binance or bloodless pockets. In other cases all of my cash will be stollen, but in case of bank account, it is able to be frozen.

[alroys]

I don't think putting money in Bitcoin is safer than at the Bank, because in reality many people lose their money here, start purses in the hack until the value of bitcoin goes down a lot. Actually, Bitcoin does not guarantee the security of our assets, but Bitcoin provides an opportunity for us to get big profits when we invest our money in Bitcoin.

[Karasawa007]

Banks work only a storage and it is safe to be in a bank. but the weaknesses in the bank cannot produce like in crypto which can double your money if you are lucky and can make you rich. but any investment remains a risk that must be studied further

[lesgereron]

I wouldn't say it is safer in crypto than comparing into the bank because in crypto there are so many disadvantages by using it could be compromised by some malware which is using by a hacker and as of now this is the main issue in crypto accounts so the thing is you have to be careful on your accounts secured it as much as you could so that it won't be compromised and the advantages of using crypto is the convenience it offers to the user while. In the bank, you can say that it is safer than crypto because it is secured at a high level but then again there is also some circumstances like bankruptcy or robbery that is the thing that is disadvantages in using money and putting into the bank thus I don't know if some of the banks have insurances on their money.

[BitindaHouse]

There is even a dispute to open there is no sense, because if all the money in Bitcoin, then there is no human factor, and this is a big plus to security)))

[shencaiha]

I think Banks are more secure than crypto, but compared to crypto gains, Banks are almost zero. So it's up to you whether you keep your money in a bank or invest in cryptocurrencies.

[Euroda]

Well if you do have hardware wallet that would be much more good than the internet wallet or on site but still having your money on the bank is much more safer and the price of your money is stable you can sure of it that it is safe

[monirmostafiz]

I think it's safer to keep the money in the bank but it's more profitable to invested in the crypto currency market !

yes I agree with you.but profit and safe investment is not same.I think its depend on your purpose.

[ginobitcoiner]

I certainly trust crypto currency. As their means and their future. But I do not think everyone has come to the conclusion that the virtual world is now ordinary. Many people are afraid to keep money, not in the bank, but in crypto currency.

different from your opinion, I believe even more if my money will be safer on banks than investing in crypto currencies, nothing guarantees that crypto currencies will continue to live. no country is responsible for the life of crypto currencies. different from the FIAT currency in the bank. the currency is owned by a country that will not let their currency exchange die

[SmartIphone]

I certainly trust crypto currency. As their means and their future. But I do not think everyone has come to the conclusion that the virtual world is now ordinary. Many people are afraid to keep money, not in the bank, but in crypto currency.

different from your opinion, I believe even more if my money will be safer on banks than investing in crypto currencies, nothing guarantees that crypto currencies will continue to live. no country is responsible for the life of crypto currencies. different from the FIAT currency in the bank. the currency is owned by a country that will not let their currency exchange die

Of course it is not safe 100% but in some cases and comparing with some banks in some countries it is much safer than leaving the money in the bank where you should care and face with many different situations to maintain the bank account and paying fees.

With crypto is different, there is no monthly fee to maintain the wallet (except some third party services - which is not safe to hold the crypto there)

[macshad]

I think its way more better to keep your money in the bank for safer purpose but if you want to invest you money in something instead of the money just sitting in the bank doing nothing, you can invest in crypto currency for the main time and watch closely so you wont loose your money

[I Love Crypto Noda]

Re: Is Your Money Safer In Crypto than at the Bank?

of course they are safer at the bank, but keeping them in crypto is more profitable, but risky

[CAPTEZECC]

It depends on the duration, the time factor. If it's for a long-term I prefer to save my money assets in cryptocurrency because if you save it in bank, the bank will use your money to do business and pay you pea nuts as interest but with Crypto you can not estimate the amount of profit you will make when your coin bulls.

[Douglasyukanov]

The country where I live has not received cryptocurrency, and even the government still prohibits the use of cryptocurrency itself.
So, in my opinion it is safer to save money in the bank because it is guaranteed by the government.
Investing our money in cryptocurrency is very risky and very volatile even though it is quite profitable for us.

[Lusya8461]

If we talk about the safety of money storage, I will say that there are risks everywhere in the Bank and in the cryptocurrency. But in cryptocurrency there is an opportunity to earn many times more than in the Bank ,but you can lose.Who needs as lucky

[sirminesalot]

Re: Is Your Money Safer In Crypto than at the Bank?

of course they are safer at the bank, but keeping them in crypto is more profitable, but risky

risk always comes when we save our money in crypto. if we are not careful and careful then our money might be stolen by someone. actually saving money in the bank or in crypto is the same depending on how we own it, how we secure it.

[jpnl0002]

It all depends on what you want and how you want it its safe to keep your money in the bank though there are very little profits attached to it and in crypto it for investment and more benefits its all your choice to make

[coxian]

Its NO from me. In crypto world there is always many risk but in a bank there is no risk.
But it is vary in country to country.