Is Bitcoin safer than banking?

[dominional]

Both has their strengths  and weakness which proceed to their positive and negative,  I look at at bank as saving and short-term process while bitcoin is long term and investment  which will yield at the long run

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[cmaxwell]

in a way i  will say that BTC is safer than banking for some reasons though this is subject to my own opinion. the level of manipulations in the Banking world is enormous and cannot in any way enter into BTC. another fact is that the kind of fraud that is going on in the Banking world can not appear in BTC.

[AjithBtc]

Bitcoin as well other cryptocurrencies were more secure than the banking system. Bitcoin being decentralized has made people have trust over banking than cryptocurrency which is completely backed by technology and it provides with an efficiency in functioning which cannot be obtained through any other means.

[awosesun]

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

I don't agree with you. If the number of fraud happing in traditional banking system is let say for example 2 billion dollars, then the one happening in crypto is quadruple. If people thaf have been scammed in crypto related fraud can some out and speak, many people will run away from cryoto. I know someone that will never come back to crypto regardless of how much profit he could get because of the amount of money he has lot to cryptocurrency. So, crypto fraud is more than traditional bank fraud.

[Lubang Bawah]

NO, bitcoin is not safer than banking because with the banks your funds are secured from any sort of volatility but in cryptocurrency it is under the full swing of volatility. Anyway i still prefer investing into bitcoin other than the banking system.

Of course the bank is safer than bitcoin, as we know that the price of bitcoin is like a roller coaster so when we invest in bitcoin the heart stops when the price drops more than 10%.

[Sasha Grey]

NO, bitcoin is not safer than banking because with the banks your funds are secured from any sort of volatility but in cryptocurrency it is under the full swing of volatility. Anyway i still prefer investing into bitcoin other than the banking system.

Of course the bank is safer than bitcoin, as we know that the price of bitcoin is like a roller coaster so when we invest in bitcoin the heart stops when the price drops more than 10%.

In investment, of course we must always be prepared with risk, bitcoin is a high-risk type of investment so we must always be wise in placing money in bitcoin, while banks are the safest investment because it is fully guaranteed by the government.

[poletando]

there are many factor that makes bitcoin is better than bank, or bank is better than bitcoin, some people said bitcoin is more secure than bank is because they use the blockchain system, but we will see in the bank that they have the team that manage the problems in banking system, if any problems (fail transaction, fail transfer, etc) there are people that will manage it, and of course bank is watch by the government, so bitcoin vs bank? who is better?

[1NV3ST0NM3]

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

I don’t think so that this in any way has any relevancy to bank frauds. I think this is a perfect example of utter ignorance or foolishness on the part of human beings. I mean it is obviously a person’s fault if he falls prey to such scams. Criminals or scammers are present in almost every field be it banking or crypto industry. So it is important for us to be careful and attentive. Doesn’t matter whether your funds are in banks or crypto

[letecia012]

In general putting yoir money in bank is far safer  than investing in bitcoin thoufh the interest is low the risk is also very slim sincecyour money is secured in bank unlike in bitcoin where volatility and risk is very high the only goodcthing in bitcoin is you may earn huge profit oncearket is bullish or you may also loss your money if market is bearish.

[lamara]

 of course。btc  its based on blockchain！

[olarrtt]

Bitcoin or cryptocurrency in general is not only safer but faster, more reliable than banking.just has how email is today instead of Post office.
I can just email someone to send me some cash and he/she gives me in Bitcoin within minutes.
That's something that can never happen with banks.the advice I will just give to hodlers of Bitcoin is to get a offline secure wallet.

[Vaculin]

Bitcoin as well other cryptocurrencies were more secure than the banking system. Bitcoin being decentralized has made people have trust over banking than cryptocurrency which is completely backed by technology and it provides with an efficiency in functioning which cannot be obtained through any other means.

I also think that way.Bitcoin is more safer than banking system because it gives us the full responsibility to manage our own accounts and if happen to being hacked or scam,i think it's already the owner's fault.Banks may have lot of strict security measures but still in the end,numerous frauds are still happening up to this days.

[winstonchurchillwar]

Bitcoin is unique in nature and safe to use it belongs to no one but you and you can buy almost anything for it but only need to store it on a cold wallet for security ! Bitcoin is better than any Bank but it will not replace them yet.

[42K]

To me, I will never choose a bank when I have those two options. This is because looking at the bank the money can burn anytime and also there can be a robbery at the bank and moreover, they will give you a low percentage as compared to the bitcoin ecosystem.

[ZeroBTC1]

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.

This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

I think Bitcoin and its wallets are safer to use than the banks. With Bitcoin, you are your own bank. You control everything by yourself without any restriction from someone.

[xbiv2]

Is Bitcoin safer than banking?

Yes.
Bitcoin cannot be arrested, confiscated, taxed, inflated.

[Marlo0619]

For me, yes bitcoin is safer than banking. Because when you get an income in bitcoin, there is no charge and no fees to pay, while in banking, your savings will be reduced every month and you need to pay something before you use their system. Bitcoin for me is a lot safer than banking.

[didik12]

In banking we know that all banks is safe a lot people all over the world trusting bank because it is a registered and have a licensed to operate in the country. In bitcoin not all country accepted this. So 50 percent safe because we know that the bitcoin price is volatile. But they have a tendency to double your investment in bitcoin.

[gamechangers]

Banking is well regulated and there is no anonymity. Therefore, the level of accountability required from the players in the banking industry is high which means that financial crimes can be prevented. Cryptocurrency is not regulated and it is anonymous. This makes it easy for criminal to carryout all manner of crimes. Banking is safer.

[cryptonewsID]

In banking we know that all banks is safe a lot people all over the world trusting bank because it is a registered and have a licensed to operate in the country. In bitcoin not all country accepted this. So 50 percent safe because we know that the bitcoin price is volatile. But they have a tendency to double your investment in bitcoin.

in my opinion, banks are safer to save money, but in terms of the benefits of investing in bitcoin it will be very profitable, but in terms of security the two are very good.