Which do you prefer, bank or crypto?

[jepoyr1]

I prefer bank no lossing money but I will invest my half of money in crypto to make money in altcoins I like to hold.

[askmecrypto]

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?

There is never a 1 ultimate solution of the points you make.
Talking about the scams and thefts, personally I would love to keep my money in crypto as finally security of my funds rely on me. I can keep them secured in a ledger and have not to worry about anything. However, due to high volatility of crypto market I will never stay confident in the worth of my funds in crypto, that makes me diversify my portfolio in stocks, real estate etc as well.

[kudosbadazz]

haha i've seen lots of people voting for banks . Back in few days ago , guys would have vote for crypto. Especially when bitcoins was flying like no other from mere to 20k on some exchanges. I've read through the comments and its still funny. Well i think your question is based on the condition of what the market is doing . Definitely nobody would love to loose their hard earned money to crypto especially how markets are unstable these days. So i check the one which would benefit me at that time. Not specific

[Agutin]

in each version there are pluses and minuses.
The bank is convenient that your deposit will remain unchanged. but there are a lot of paperbacks out of the minuses, you can not always withdraw money when you need it.
But in crypto you can quickly create your deposit, you can withdraw when you want, your deposit can grow significantly - but it also falls significantly. When choosing

[cr7]

Bank this past century. Besides, last year I was robbed by the Bank itself, first blocked the account and then handed over to the tax authorities. Now savings are only in bitcoin and offshore banks. In my experience, I can say that bitcoin wallet is well protected from cyber-fraud attacks.

[Lerikaweb]

I share my risks. A bank account offers less interest, but far more stability. Cryptocurrency is very volatile but offers huge possible gains. The key word is possible, so crypto is more like an experiment now. I'm trying to grow a professional trader, but there is so much to learn, so i need my time)

[karungbitcoin]

At the moment because in my country is not allowed to use crypto to make transaction to buy good and service so i have to chooce bank. And for crypto, i just use it for trading to earn some profit and withdraw to fiat to buy daily expense. I hope crypto will keep getting bigger so more people will buy and use it for investment so the demand also keep increasing.

[hamster fat]

Now only banks can ensure the reliability of assets. As for crypto currencies, this is still a very young way to work with money. In the future, I hope, the crypto currency will be able to provide the whole set of necessary functions to work with money.

[lienfaye]

I prefer bank because you dont have to worry about fluctuation and your money is safe.

On the other hand investing your money in crypto is also profitable especially if the value skyrocket but its risky and no guarantee.

I have money in bank and in crypto, I know the risk when you invest in crypto thus im only investing what I can afford to lose.

[Naughty Princess]

I prefer bank no lossing money but I will invest my half of money in crypto to make money in altcoins I like to hold.

I do the same because it less worries when put some amount on banks, it is safe there though it gain little profit. I also make investment on crypto and make good profit from it. I buy some altcoins which has potential in the market to grow like bitcoin. It is good to secure the future in early like this when the price is little bit affordable.

[sotovid]

I prefer the bank, because if you keep money in the bank and they are stolen, you can demand them back from the bank. And if you keep on electronic purses, and you fall for the tricks of the swindlers, then this is personally your problem.

[Tylev]

In my opinion, the question can not be raised this way. In my opinion, it is necessary to use the opportunities and advantages of both banks and crypto-currencies. Crypto currency is now good for making money, however it is rather risky and therefore it is better to periodically transfer the profit to fiat and as possible options - to place a part of this profit in the bank for deposit storage. Also, one can not say that keeping deposits in a bank is unreliable, that they try to deceive you and lose everything. Banks are basically a very reliable structure, however, deposit interest rates in banks are much lower than you can earn in the Crypto currency even with its usual retention.

[holly.ball8]

Even many posters in here said they prefer crypto if they make big, they will surely turn all their crypto asset to fiat money in the bank.
So I will be honest, I prefer the bank.

[jyotianand01]

Both of them are different fields and their pros and cons. If you want 100% safe returns with limited earnings then banks are the best choice but if you are risk taker then crypto market is best for you as it has potential of unexpected returns as it has highest volatility and correct entry can match you rich quickly but also a big risk of huge loss also.

[Andruha1993]

From these two options, I would choose to keep my finances on a crypto wallet. Because it is anonymous and much easier and convenient.

[MWesterweele]

From these two options, I would choose to keep my finances on a crypto wallet. Because it is anonymous and much easier and convenient.

Interms of keeping money i choose bank because in bank you can keep your money without hesitation to lose it, while crypto is good to hold and possible to grow your coin even more. And I think its better to keep your money in bank because you can avoid those hacker if they attack your keep crypto in your wallet, and in the bank your money is safe. Crypto is good for growing your coin. Both of them are have different uses so i choose both of them.

[andieoke]

I am more comfortable and calm saving money at the Bank than saving money in the cryptocurrency wallet. Because in my opinion saving money in a bank is safer, even though the value cannot increase as high as if we save money in the cryptocurrency wallet. All the risks of losing will be our own responsibility, whereas if we save money at the Bank we can still complain to the Bank if there is theft of our money.

[handini]

Right now it's about 50 - 50. Some of my funds are in the Bank, some in cash. About half of all my assets are in cryptocurrency. I am not a trader right now, that's why I keep my money in Bitcoin, Etherum + altcoins, which I earn with bounty programs. At the moment, I am not ready to 100% trust something one, so I prefer to diversify my investments.

I prefer crypto than banks because it is safer for crypto security and also more relatively easy to use for payment methods. not easily damaged and lost.

[bestpikka]

in my opinion, I would rather keep my assets in crypto because like the Bank, Crypto also has secure security besides that I can more easily invest, which in my opinion is easier to find profit while if we leave our money at the Bank, it certainly will not change anything.

[Rhesie]

For now, I store my money on the bank because in my country we didn't use any crypto currency. And I think my money is more safe in the bank even the income interest is low. In crypto world there are so many scam issue. One of my friend experienced lossing money in her crypto wallet.