Which do you prefer, bank or crypto?

[Froy]

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?

Where there is money, there are swindlers and to protect yourself completely, as you do not try, it is impossible. Of course, it is better to have an uncontrolled crypto currency than a bank that is constantly looking for conditions or reasons that are unprofitable for the depositor.

[Irvinn]

You can not use either a bank or a crypto currency. It is necessary to use the advantages of both banks and crypto-currencies. The banks can not replace the bank's currency, they will exist for a very long time. Now is the time to make money in the crypto currency, but in part the profit should be stored in banks.

[Jane Smith]

I feel crypto is better than banks as it cuts out the middleman which is more secure too and There will be no government rules and everyone can get access to it. Crypto eliminates fraud and identifies if there are any threats ..

[dimb]

If you are a supporter of a more stable and reliable, then now you still need to choose a bank, since crypto has not gained much popularity. But after a few years, cryptomontists compete with the bank.

[nniecan001]

Those two option is quite good and it's also depend on the scenario or situation. But for me, I appreciate the crypto but I much prefer the bank for some insurance issue. The solidity and the liability is most considerable when in comes of money and legal matter. Also, you money is 100 percent safe on bank while in crypto there's a lot of issue specially when the system is at down moment. Like as many crypto user said " the risk is too high, add the volatile nature of it".

[Ulan01]

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?

the risk of loss is inseparable from both, and I save my money in both. but in terms of profits I feel crypto is more profitable.

[Muzika]

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 supposed to be hold it in cash to stored that on both. Because on the bank they have chance to lose once the bank was robbed but it depends on the bank if that bank have a lot of funds. On crypto we cannot predict if what will be happen to our money if that will be rise or down so what if on crypto we needed to withdraw our money and the price was down right? So better hold on via Cash.

I'm still new in the world of Cryptocurrency,. so I'm still not fully convinced by the Cryptocurrency, I used the bank and Cryptocurrency for my storage. I have a lot of saves using the bank because banks have long used than Cryptocurrency.

but you can still look that cryptocurrency is a good medium of saving your money, but there is a risk because when you put your money in the crypto world it might lessen the value due to the market movement but there is also a good thing to happen because once the market move upward then the value of your saving will also raise. In terms of security for me it is tie.

[thefaucetrunner]

there is no doubt between bank and crypto i will definitely choose crypto.
crypto are more secure rather than bank, more transparent, and more worth of investment. this is why many government refused to admit cryptocurrency as investment in their countries. Because cryptocurrency has many advantages compared to fiat and other currencies. And they see cryptocurrency as threat for banking industry and financial institution.

[Leocrypto da Vinci]

On this forum, it's a nonsense question: bitcoin was born to free us from the slavery of banks and governments, so it's clear that if banks could disappear we would all be happier.

[jakiro.hovard]

It's strange, but I would probably have made a choice today in favor of crypto-currency, because I understand that the crypto-currencies are developing very actively today and they will be the next payment system, unlike the dollar.

[Oumal]

I save only 25% of the funds in the bank, 25 - in the cryptcurrency and 25 - in cash, and the rest - on daily purchases. Here is such a diversification

[kkaroul4]

I think that depends on what we need to do about our money, if we wish to keep it safe without any plans on making some profit from it then the bank would be the best choice, but if we wish to make money then we could invest it into cryptocurrency.

That's right and the bank is also very safe to protect our money and if crypto is the same place as a bang but has a considerable risk from the bank because there is no insurance and lots of hackers targeting crypto now

[drrekkty]

Seems strange to conservative persons,but I've never stored money on bank account. I had a credit card,but I've got rid off it and now I use only crypto for my savings. It is definitely future

[Colin Memfis]

if it's about where to store savings for a long time without spending them - I prefer the bank.
Start an account that can not be used from the card and that's it. Why? it's safer than crypto-currencies, if someone robs my bank, then it's insured and I'll get the money back (I hope)

[Taner]

This can not be compared. Those who are afraid to take risks and do not chase profit, carry money to bank. Cryptocurrency is a very specific and risky asset, but the profit is disproportionately larger. I choose crypto, because I am still young, I love money and I am ready to take risks.

[BogdanGFTP]

If I think about safety of my money, I prefer bank, because I could not lose accept to my account there (but I could lose keys of my cryptowallet). If I think about usability, I prefer bank too (everyone understand the reasons).

[CaptainKid]

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?

The risk of losing your money is both in the bank and in the crypto-currency purse. If you look from the point of view of investing or storing money, you can divide your capital, keep part of it in the bank to accumulate interest, and try to invest in crypto-currencies.

[austinsku]

The most important criterion for investing in crypto currencies in the open spaces of the market is the possibility of prompt withdrawal of funds, this is the most important question. Therefore, a comparison with banks will be in their favor

[OneCoinMan]

Unfortunately, I can not trust all my savings with cryptocurrency. The market is only $200 billion, which is five times less than the capitalization of Apple. Consequently, your money is not protected by anything, lol. You should be realistic.

[Ariess]

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 will not choose, because I really need banking and crypto,
of course, to do business. trade, investment and become a gift hunter. everything I can do and I still need banking to deal with things in other transactions.