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Author Topic: Which do you prefer, bank or crypto?  (Read 3864 times)
Jamboo30
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September 23, 2018, 03:36:49 PM
 #161

The country I live in has not accepted Crypto as a payment method. Therefore, I still keep most of my money in the bank, and use 20% to invest in Crypto. In the next few years, if Crypto is allowed, I will invest more in Crypto

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Milamol
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September 23, 2018, 03:43:08 PM
 #162

Yes, crypto can not be a way to store funds because of volatility. Crypto assets can be compared to shares. But the shares are regulated, and campaigns use shares to deceive much less. So, store money in a bank; invest - in crypto. We can consider storing in crypto in USDT.

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September 23, 2018, 03:43:55 PM
 #163

Because in my country cryptocurrency hasn't been legalized, so I still keep my money in the bank, but if the coin that I have got in the crypto world I keep it in the crypto wallet to be safe.

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September 23, 2018, 05:07:37 PM
 #164

seriously i prefer saving in cryptocurrencies other than saving with our banking systems because you will only earn just a peanut over there but in cryptocurrencies like bitcoin or ethereum you can earn very high amount of income.

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September 24, 2018, 04:54:00 AM
 #165

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?

Bank for me is better for now, with crypto I cannot predict what will happen with my money so I'm basically just going in blind when I am invest in the coin. I prefer to keep the money that I would be needing in the bank and only put disposable income in cryptocurrencies that way I know that if the market is down then I'm good. Also banks are insured, cryptos are not.

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September 24, 2018, 05:31:40 AM
 #166

In my opinion, it's better to invest in crypto currency and keep everything in it so there are stable tokens whose price does not fluctuate, and in banks I think it's already not viable to keep my own funds as it is a very long process, and in principle you decide which way is best for you

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September 24, 2018, 05:40:00 AM
 #167

My preference is the bank as I got fixed and secure income and banks are under regulations but crypto market have no control and highly volatile, if this market comes under regulations then I also enter in this market.

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goolesby
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September 24, 2018, 06:50:00 AM
 #168

Actually I will prefer to bank as the centralized bank system. But, I will prefer to use the cryptocurrency in order to get profits form it. Crypto is actually very benefited if we can see the prospects on it. Crypto is very worthy for investment and earn money from some programs. So, why I must decide to choose one if I can choose those two?

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September 24, 2018, 06:54:55 AM
 #169

In both of these options there are a few risks, banks are currupted and exist to "steal" and control our "money", but crypto is also volatile, unregulated and highly susceptible to attacks... well, I guess I would go for a healthy mix between both and hopefully in the future, I would go entirely for crypto...
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Sarisang
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September 24, 2018, 08:35:27 AM
 #170

just storage then the bank is the best option. It's more secure even though there is still a risk of losing also. from crypto in the always on the increase and decrease in price and even hacking then the bank would be more secure. which is certainly no guarantee can be given a bank from a pad in an obscure crypto at him even though results from crypto.
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September 24, 2018, 08:49:59 AM
 #171

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 highly prefer to invest on cryptocurrency because the increase is higher rather than placing your money on the banks which will only give you a small amount of profit in the future.

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September 24, 2018, 09:07:52 AM
 #172

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?

Bank for me is better for now, with crypto I cannot predict what will happen with my money so I'm basically just going in blind when I am invest in the coin. I prefer to keep the money that I would be needing in the bank and only put disposable income in cryptocurrencies that way I know that if the market is down then I'm good. Also banks are insured, cryptos are not.
Basically bank acts like a home for your money and you will get a little interest by hold your money on your bank, that was having a purpose to become a place to store your money and it's really different with the definition of the crypto.
Crypto has a very strong relationship with the market and then it will always give volatility.

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September 24, 2018, 09:10:37 AM
 #173

For the small sum of money, I would prefer the bank transactions, because it is easier. But if you have a lot of cash, I would prefer crypto currency, because on the one hand, you can increase your savings and on the other hand, it won't cost you anything to transfer a lot of money via crypto, rather than using a bank.

jemarie20
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September 24, 2018, 09:56:10 AM
 #174

I choose crypto because I can earn money but just holding my money in the crypto world does not like in the bank because when your money is in the bank  no such thing will happen in the two (2) to three (3) years but when your money is in your crypto wallet and you converted it to any digital coins like bitcoin and ethereum  you can earn money by just holding it.

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September 24, 2018, 10:14:34 AM
 #175

Not like i got hundred millions dollar to safe keep, as normal working class, bank is still favourable. Plus, Crypto is not popular in my country as a currency.daily expenses still depends on hard cash.
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September 24, 2018, 10:28:00 AM
 #176

I prefer banks when storing my money i think it's more secure compared to crypto wallets this is mostly used by people.

MIZANUR5033
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September 24, 2018, 02:13:43 PM
 #177

As most of the countries did not legalize cryptocurrency that’s why I will choose both. Because banks are still here to make us more liquid and that is the best place for now to put your big money with less risk. I put money in bank for deposit but I treat cryptocurrency as my investment so technically I don’t want to invest all of my money because there is a big chance to lose my money. Somebody says that bank is not safe to store money because hacker/scammer stole their money.
But crypto also not safe where have huge hacker or scammers, both bank and crypto has some security problem but crypto is more prone to hackers and scammers compare to bank. Our account in bank can also hack, but it is traceable and bank do the refund while in crypto no chance it will be return. Some bank offer insurance against our deposit. Crypto have not any insurance issue. Still I do invest in crypto only a portion of my money so that in case it will gone, still I have savings left for back up purposes.
Roboabhishek
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September 24, 2018, 02:16:57 PM
 #178

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 personally without being biased feel that banks are more convenient for one like me which is normal and hasn't any bitcoin stored in the market . As there is a surety in banks system of monetary services that the desired gains or profit will be given to the user or customer without any risk but in cryptos there is no surety in this market anything can happen anytime.
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September 24, 2018, 02:21:29 PM
 #179

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?

Bank for me is better for now, with crypto I cannot predict what will happen with my money so I'm basically just going in blind when I am invest in the coin. I prefer to keep the money that I would be needing in the bank and only put disposable income in cryptocurrencies that way I know that if the market is down then I'm good. Also banks are insured, cryptos are not.
Basically bank acts like a home for your money and you will get a little interest by hold your money on your bank, that was having a purpose to become a place to store your money and it's really different with the definition of the crypto.
Crypto has a very strong relationship with the market and then it will always give volatility.
I use Cryptocurrency more and more confident. because by saving on Cryptocurrency to be able to continue to grow in the future and generate even more profits. In addition with the ability to evolve further.

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September 24, 2018, 02:26:04 PM
 #180

The bank for me is important because i want also to have savings that outside from my crypto income, i don't want my crypto to be at-ease at a digital currency forever, i want to change some of it also to fiat.
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