Is Bitcoin safer than banking?

[delightme]

I think, banks will be more secure than bitcoin in light of the fact that they have a littler hazard, Fiat works through partial hold managing an account which implies that not every person can get to their cash in the meantime, banks need to restrain buys and withdrawals with day by day spending limits. Be that as it may, Bitcoin doesn't have any spending limits which implies you can send as much cash as you require.

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[Wildwest]

Both of them are safe as long as you store in a trusted place such as storing bitcoin in a trusted wallet and money in a trusted bank. Both will not be safe if you are negligent in keeping your assets especially not paying attention to the security of the bitcoin wallet or bank that you are using.

[Valakqueen]

No one can make a bank statement or Bitcoin any safer. Only true investors can make scientific comments.

[deearr35]

I still believe that banking is safer than Bitcoin. But if one knows how to take risks, the ROI of Bitcoin is much better than banking.

[hawkins]

Both of them are safe as long as you store in a trusted place such as storing bitcoin in a trusted wallet and money in a trusted bank. Both will not be safe if you are negligent in keeping your assets especially not paying attention to the security of the bitcoin wallet or bank that you are using.

I don't think so, even bitcoin certainly has a higher risk compared to banks. you can see when the price is unstable. when you have bitcoin at a high price and there is a dump, the risk of bitcoin will be felt.

[taeewo]

Bitcoin is not safer than banking because we cant compared banking which is a regulatory institution and supported by the government to that of cryptocurrency which is risk and also not approved by the government.

[yansen]

all have a level of security on two sides. namely security from outside and from inside. external security is like a bank that has security in its system, and security from within is itself in storing passwords, pins, private keys. Banks may not be safe, because they are centralized. all rules and changes can be made by the bank. but bitcoin has full control on people who have bitcoin. safe or not it is in yourself. so in my opinion Bitcoin is safer than banks.

[fidelium1]

Even though some frauds have been reported in the banking sector, but you will agree with me that the cryptocurrency space is a lot more susceptible to fraud considering the fact that virtually all the fraud type you mentioned here also takes place in bitcoin and even more. Moreover, if you mistakenly sent your bitcoin to a wrong address, it is impossible to recover it, but with the banks, such money could be recovered, this makes bitcoin less safer, this is not to even mention the less acceptance bitcoin has over fiat currency.

[Kira_lapa]

In banks, you can provide insurance against fraud, and investing in bitcoin will not give you any guarantees of security and in case your coins are stolen, no one can return them. The security of your bitcoins depends only on you.

[MedicineVNT]

Investors wonder whether investing in bitcoin is safer than investing in a bank. If you want to get high profits then you come to invest bitcoin and altcoin

[bajigur894784]

YES, I think Bitcoin is safer than banking.

If you want a sure place to just "save" your money, go with a bank. But keep in mind that there are fees and inflation. Basically, your money does not only sleep in the bank but is consumed by costs and inflation. Your money can't beat the inflation rate and a few years from now the value will depreciate.

However, Bitcoin is seen as a good investment. In the previous year, Bitcoin outperformed various asset classes such as gold, stocks, bonds etc. Bitcoin is the best currency in 2016, where most currencies lose their value due to inflation, hyperinflation, political instability, and economic policies.

[nano77]

I think, safe or not depending on your own whether you can maintain private keys properly, banks and bitcoins have their own disadvantages and advantages, so you should be able to decide wisely

[micle222]

Your money is 100% for 3 parts:

50% FIAT
30% Bitcoin
20% Altcoins

FIAT can still be claimed at the Bank when you get into trouble but with cryptocurrency you cannot claim.
The high level of fluctuation of the cryptocurrency is better if you use 30% of your money.

[PhuongVo2702]

I think yes, but in the case that you have lost your money the answer is Bank safer. Because if you have enough proof you can find your money, but Bitcoin can not.

[spartan82]

Bitcoin is beter then bank. So bitcoin price will be go down. But next time it will be increase the price. So people believe the bitcoin. Bitcoin is easy to get more profit. Bank is not good for the people future saving. It affects the all country people saving. Bank is increase the serves charge. So bank is not good for the saving. Bitcoin is bets for the future saving.

[sunsilk]

Whether bitcoin is safer than banks it shouldn't be an issue. Sometimes the problem lies and starts from the owner itself. Like in the bank, if there are email updates from alike email of the bank they are using, they would follow the instructions.

Because they are lack of knowledge on what phishing links are and the strict compliance from the bank itself, they are following the instructions without checking if the links provided and forms are phishing.

The same goes for bitcoin, there are existing phishing that's happening. What I'm saying, people should be knowledgeable first whether its bitcoin or with the banks so we can avoid such like online robbery.

But as a bitcoin user, I find it safer and easier to handle. I'm using bank as well and I have no issues with it. Proper handling, proper updating and being aware of vulnerabilities would help as user.

[Olayinka225]

Well...I don't think bitcoin is safer than banking right now. Because the anonymity of bitcoin transactions is what is detriment on its transparency.  Let's bitcoin go anonymous then it might then supersede banking butwill kill bitcoin I must say.

[sublime5447]

It’s a fraud where people don't read carefully and find information about is it fraud or not because of these people will be easily deceived. It’s better to choose both storing in a bank or crypto wallet because it will be easier to withdraw your money in various situations.

[Elerntta]

At the moment, I still trust investments in bitcoin, as I had a negative experience of storing my money and jewelry in the Bank. And with bitcoin I still have no problems.

[WebTera]

Just in the banking business is much more developed fraud, as this system exists for a long time. And bitcoin is a relatively new technology, and maybe hackers just do not know how to get to it. But I think that it is unlikely they will succeed. Although the risk is also there.