Which do you prefer, bank or crypto?

[triasel]

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 know most of the people or majority of them especially nowadays they believed and trust banks. But if you have a deep knowledge in crypto, of course obviously you will choose Crypto rather than banks because we know it is more safer than anyone else, right? It is decentralized and all we need to have is that the private key for the wallet we used, password and seed phrase for us not to be a victim of the hackers anyway, and we are safe for the stolen cards, atm withdrawal and etc. like what usually happened if you put savings in bank.

I have more confidence against Cryptocurrency. with Cryptocurrency who continue to experience growth and generate even more profits by relying on Cryptocurrency into an opportunity to generate profits that are much more in the future.

[learntonoob]

Each has its own perks but I lean towards crypto because it is more transperant and more secured.

[jony35490]

Both are best. But I personally like crypto than bank. Cause if I put my funds into crypto for loong time than I will get so many profits. But if I put my money into bank then I will get very less profits. So I like to suggest you crypto.

[Krismanto]

Bank and Crypto in my country are interconnected. And banks are the best places to save money because it gives a very strong security guarantee. While the Crypto is an industry that large and has a very good technology. And this technology gives extraordinary advantages.

[Viewtifulced]

Today I prefer banks. Cryptomonnaies are too volatile to be used other than speculation. I hope that in a few years' time this will change, but many see only an interest in getting rich quickly and not the technological breakthrough.

[ShowOffoN]

currently , due to wider acceptance and being the normal, id go with banks though crypto is much safer with faster transactions and in some cases, anonymity. in the nearest future when cryptocurrency gets wider acceptance, i'd definitely prefer keeping money in crypto than using banks. crypto was built to combat the fraudulent and backward financial system that's why they are kicking against it so much.

I agree on the timeline. I think at the current situation, banks are still much safer given the fact that since it has regulations, even if you become a victim of fraud, you can still have your money back because the bank will have it covered although I'm hopeful that in the future, though not probably very soon, something will come up for cryptocurrencies to give us the similar protection.

[ShowOffoN]

Today I prefer banks. Cryptomonnaies are too volatile to be used other than speculation. I hope that in a few years' time this will change, but many see only an interest in getting rich quickly and not the technological breakthrough.

I could not agree less on the interest in getting rich only and not the technological breakthrough although I'm still hopeful that someday, there will be an organization who would focus more in advancing the technology in cryptocurrency more than their desire to be rich from it.

[ShowOffoN]

Bank and Crypto in my country are interconnected. And banks are the best places to save money because it gives a very strong security guarantee. While the Crypto is an industry that large and has a very good technology. And this technology gives extraordinary advantages.

Oh wow which country are you at if you don't mind? I think it's a great idea to have cryptocurrency and banks inter connected. Although I would still prefer to have full control over my cryptos without any regulation, it would be nice to have a system for safekeeping of it in the banks.

[Situk brok]

if I prefer crypto, because when I send funds to other people it is very fast and the cost is very cheap and supported by the extraordinary blockchain technology and is very safe.

[ShowOffoN]

Both are best. But I personally like crypto than bank. Cause if I put my funds into crypto for loong time than I will get so many profits. But if I put my money into bank then I will get very less profits. So I like to suggest you crypto.

Well that's true. Banks pay very little interest rate while in crypto, the chances of making more profit is higher but we are talking about the safety here. Which do you think is safer, bank or wallet?

[jan.nicolas]

If you had asked me before, when I didn’t know what the cryptocurrency market is capable of, I probably wouldn’t think and definitely answer the bank, but today I’ll answer that I would choose cryptocurrency, because today the market really does have it.

[pufenduy]

If you are asking about daily payments I would use crypto, but there are no working products, that would be so comfortable as mobile banking by the centralised banks. As soon as such apps will appear, I will use crypto. But till this moment, I would prefer bank.

[ShowOffoN]

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?

For me, the safest bet for now is just using the bank since the bank is much more established in terms of its security and price volatility compared to blockchain. Since money is regulated, the value of your money won't spike down or up. It will remain as is so might as well be neutral.

Well that's true. Currently the bank is still a better choice because our money is protected by an insurance even if you become a victim of fraud although maybe someday, cryptocurrency will have the same feature too.

[jaypete]

The banking system is traditionally a reliable platform for investment instruments. The crypto world is a new sector. The development of the crypto world in the last 5 years makes me happy. Mekez Banks is issuing national crypto money. Real money will die in the future.

[kriptomak]

The banking system is traditionally a reliable platform for investment instruments. The crypto world is a new sector. The development of the crypto world in the last 5 years makes me happy. Mekez Banks is issuing national crypto money. Real money will die in the future.

while he is new there will be different tricky moves, as before in the banking system, all kinds of advisements

[Tashi]

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?

Whether it’s bank or cryptocurrency wallet, as long as you don’t prioritize the security of your personal and private keys or pin it’ll never be safe. Both are fine with me since I do believe that they are just the same, it’s not about where you keep it, it’s about how you keep your profit secured.

[Milla Kross]

While I prefer both bank and cryptocurrency. It would not respect the cryptocurrency. But today it cannot completely replace banking services. In the future it is possible, we'll see.

[daviidalpert]

They have their own characteristics. There is a big risk in the encryption market.We may be able to get more.Currency is more stable in the bank.Relatively speaking, I prefer cryptocurrency.

[kikoy999]

Putting your money in crypto is most risky thing for me to invest your money and for banks its safe for me to put and you will earn how much interest you will by monthly.

[contactmike1]

It is serious question. On the one hand bank is better in terms of stability, but if you need fast money or transfer of big amount, you risk and it takes time.
From this point of view I prefer crypto