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Author Topic: Which do you prefer, bank or crypto?  (Read 3858 times)
cuo
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September 21, 2018, 10:24:57 AM
 #21

I prefer save money at the bank than crypto, but in future maybe will change in crypto, because everthing will change in future. all people will use digital asset.
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September 21, 2018, 10:32:31 AM
 #22

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
To store my savings, I would certainly choose a bank, because today it is much safer than storing money in a cryptocurrency wallet. If something happens to my money, I can always contact the Bank for support, and if I lose the cryptocurrency, no one can help me.
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September 21, 2018, 10:35:27 AM
 #23

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

At this current situation I will prefer putting my money in bank than in cryptocurrency. The reason is simply security matters,because crypto is much more prone ta hackers and scammers compare to bank. Although there's some instances that our account in bank is also hack, but it is traceable and bank do the refund while in crypto no chance it will be return. But I'd still do invest crypto but only a portion of my money so that in case it will gone, still I have savings left for back up purposes.
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September 21, 2018, 10:36:52 AM
 #24

At the moment, I prefer the third option - diversification of my savings. Part of the funds I will store in cash, the other part of the funds in the Bank and the third part of the funds in cryptocurrency.
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September 21, 2018, 10:43:11 AM
 #25

Over the past year, cryptocurrencies have shown an absolute decline, I'm not have willing to greatly diminish own capital by keeping all savings in crypto. Of course, the bank is better, it is much safer.
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September 21, 2018, 10:44:09 AM
 #26

If the money is needed for a specific goal, which will need to be achieved soon, then it is better to keep the money in the bank. If there are no plans to use money in the near future, then money must be invested to work. You can also invest in cryptory.
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September 21, 2018, 10:49:52 AM
 #27

Actually depositing a bank is a way to keep your money, rather than investing, with cryptocurrency it is a kind of stock in the electricity world, its value goes up every day. The money in your bank will always be like that and not afraid to lose
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September 21, 2018, 11:01:14 AM
 #28

certainly prefer crypto, I’m tired with the bank operation. Crypto would be the future for investment.
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September 21, 2018, 11:13:53 AM
 #29

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

Actually i prefer both. Its good to save money in bank specially if you need in your specific goal, you can withraw anytime if theres an emergency and it directly gives you a cash, While in cryptocurrency, its good also to store money but in other way, you have to keep safe all your accounts and private keys to avoid losses.

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September 21, 2018, 11:19:42 AM
 #30

I prefer both too. Because banks have some advantages and crypto have some advantages. i believe we dont need to select one of them. we can use these two because they have some advantages and disadvantages. for example now i am using crypto for all of my money payments worldwide.

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September 21, 2018, 11:44:49 AM
 #31

Today I will choose a Bank. But I believe that in a few years I will choose bitcoin because it is more technical and I would say safer. Moreover, the cryptocurrency is not just a way to store, but also a way to invest, annual interest completely depend on coins, which increases interest in this field.
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September 21, 2018, 12:32:33 PM
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 #32

Recently, there has been an increase in the confrontation between traditional banks and crypto-economics. Thus, the world's largest banks glorify the laudatory ode to the blockade and its opportunities for transforming the financial market, while at the same time severely criticizing bitcoin and other digital currencies. While the bank in the confrontation with the crypto currency, I choose the bank. But for now.

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rahul7timt
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September 21, 2018, 12:48:07 PM
 #33

for the time being i would prefer bank as crypto is not legal in my country. also i would like to keep my investment in crypto not all money because some time you need urgent money and you do not want to withdraw it at lower market condition. however in future this blockchain technology will work better than banks system in future.
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September 21, 2018, 01:05:45 PM
 #34

And why should you make a choice? Today I would not make any choice, because I believe that without banks today it will not be possible to live normally, in spite of the fact that they live only at the expense of their investors, they store value, if in the future we can reorganize the value, then their just will not.

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September 21, 2018, 02:20:41 PM
 #35

I prefer cryptocurrency, though it's susceptible to cyber scams and lots of wallet hackings but there is a way to prevent that by keeping the private keys safe, not entering phishing sites and better still use hardware wallet like S Ledger nano which gives utmost security from hackers
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September 21, 2018, 02:27:10 PM
 #36

I prefer save money at the bank than crypto, but in future maybe will change in crypto, because everthing will change in future. all people will use digital asset.

Definitely this crypocurrencies will take off the banks in future as most of the people's came to know about this. Yes this is scary but not much, all you need to do is invest in a best coin to make good profit also it is slowly trending. Yes this technology will rock better than banks in very quick time.
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September 21, 2018, 02:29:25 PM
 #37

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

I would prefer crypto for investation, but if i have to pay bills or something in the future, i will save it on banks because crypto is too risky.
KarinaMix
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September 21, 2018, 02:33:22 PM
 #38

in my country, at the moment the Bank is preferable, so I choose now the Bank to store my money, but I hope that in the near future all cryptocurrency legalize where I live.
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September 21, 2018, 02:36:17 PM
 #39

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

I would choose crypto. I find it so better and good. Being in one place, you can obviously do everything. The transaction happens on the go much faster. This is completely for crypto and few fiats like dollars, Pounds and etc. I do use bank accounts just to have exchange transaction. Once i do transfer i rake out for my expenses.



























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Bunsomjelican
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September 21, 2018, 02:43:27 PM
 #40

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

Of course, I would rather to choose crypto because in bank this is centralized while crypto was decentralized where we are the one who managed our own coins, as long as we have the password and private key it can never be steal by anyone unless you tell what's your private key to your friends or whatever. And bank is always prone to robbery and others.
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