Which do you prefer, bank or crypto?

[karagun125]

if i had a chance to have caputal for long term investments, i prefer to choose the cryptocurrency than the bank, because i can buy a potential coins to be able to earn profits for future and long term investments. Banks just keep your money and the investment there is just a small amount of percentage per annum. Unlike the investments on cryptocurrency, you can easily buy and trade if you had a chance for earning profits.

[ShowOffoN]

Bank, I can still not use crypto for anything in my country so banks are my preferred method until one day in the future maybe...

I prefer both. Although bitcoin money transaction facility is mire advance than that of bank but still their are many thing in which bank is the only trustable thing. Bitcoin is not legalised and it only in those place where Internet connection is present where as bank are present everywhere. Bank has physical form because of this it is more trusted than that of bitcoin. There are some things which make cryptocurrency better than bank is its fast and secure money transaction facility and which is uninterrupted too. Cryptocurrency make international transaction so easy in comparison to bank.

I agree although of course, the topic here is which one is safer, banks or cryptocurrencies? But you're right. Since the bank is already an institution, it goes without saying that their system is much more organized and stable and that is for the present time. Looking at how technology progresses in a very fast rate, we also should not set aside the idea that cryptocurrency system will be enhanced in the future that it will become a better choice.

[ShowOffoN]

if i had a chance to have caputal for long term investments, i prefer to choose the cryptocurrency than the bank, because i can buy a potential coins to be able to earn profits for future and long term investments. Banks just keep your money and the investment there is just a small amount of percentage per annum. Unlike the investments on cryptocurrency, you can easily buy and trade if you had a chance for earning profits.

That's right. Cryptocurrencies are good investment. Actually, you don't even need very large amount of money to invest on it. You can start with just little amounts and then just gradually invest more. But the question here is, is it safer than banking? What do you think?

[ShowOffoN]

A deposit , of grade , a deposit that has always helped me save my cash , on the other hand now , representing any cause , various humans think that cryptocurrency is furthermore a deposit , it is not, a deposit is a entire process .

Cryptocurrency is not a deposit unlike cash. Cryptocurrency is for investment and bank is for deposits so obviously, they are two different systems for now but which one is safer in keeping our hard earned money? Bank or cryptocurrencies?

[yeniruieni]

Banks and Cryptocurrency certainly have different advantages and disadvantages. If I want to save money, this is certainly safer at the Bank. The Bank provides comfort and security for customers. And I have also never experienced fraud like identity theft. But it's different from Cryptocurrency that has a big risk. And having a big risk certainly has a big advantage too. You can grow your money in Cryptocurrency.

[ShowOffoN]

Sometimes it seems to me that crypto is safer. Additionally, I know that I am getting profit when I deal with BTC and other cryptos. I do believe that Bitcoin will grow. Further, it will be gaining - BTC to the Moon!

Well good for you! I think in most cases, it also depends on how we take care of our cryptos to avoid scams and losses. I think for now, it is still safer to keep cash in the bank but cryptos are win win on growing our funds. Maybe someday, it will also be a good form of savings.

[stue]

Because I also joined cryptocurrency, I also saved my money in crypto. Not only in the bank. Although banks are at risk of being hacked or stolen in various forms, I think crypto also has the same risk. If a bank can be tracked who has hacked it, crypto is much more difficult to track, due to the nature of anonymous crypto usage. I need to save in Crypto also to be able to develop the value of money and save in the bank because of the easier access.

[modmalaney]

It needs to be emphasized that Crypto is not the place to save money. It would be very risky if using crypto merely to save money because even the risk of hacking would be far greater in crypto. the Bank is better in terms of storage because of course when there are problems at least the bank will be able to overcome this.

[Pejoh Asu]

I choose both. Of course, keeping money in a bank is much more reliable but lately I prefer crypto because now the main thing for me is to increase my assets. Banks can't compete with crypto in this aspect.

Things that we cannot leave the bank because crypto cannot be used for direct transactions, I hope more and more places can accept crypto so we don't need banks, because banks charge too much.

[Psynthax]

It needs to be emphasized that Crypto is not the place to save money. It would be very risky if using crypto merely to save money because even the risk of hacking would be far greater in crypto. the Bank is better in terms of storage because of course when there are problems at least the bank will be able to overcome this.

The bank gives a lot of guarantee to the customers because they have cooperated with the regulators to support the service. Remember crypto can't even give an insurance if there was a problem in the wallet.
So many times wallet that got hacked cannot be recovered again.

[demonz666]

actually I can't choose between the two because I need both of them in my daily activities. I need a bank when I want to borrow money. because in cryptocurrency there are no financial institutions that can collect and lend money like banks. when saving money I prefer to keep it on cryptocurrency because if my money is stored in the crypto my money can grow quickly and I can make a big profit. instead of being kept in the bank our money cannot grow and the interest provided by the bank is only a little. when viewed from the risks both of them both have the risk of losing and can also be stolen or hacked. I think both banks and cryptocurrency can be used together without having to eliminate one of them.

[Deallove9]

Crypto is the way and nothing more, keeping your money in banks doesn't give back what you suppose have but little even if it will not be deducted, but on crypto you are sure of something in return no matter how dip or volatile it is , if you keep holding it will bring profit in no time.

[ShowOffoN]

Banks and Cryptocurrency certainly have different advantages and disadvantages. If I want to save money, this is certainly safer at the Bank. The Bank provides comfort and security for customers. And I have also never experienced fraud like identity theft. But it's different from Cryptocurrency that has a big risk. And having a big risk certainly has a big advantage too. You can grow your money in Cryptocurrency.

I absolutely agree. Both has their own sets of pros and cons. What the other has, the other one may be missing and vice versa albeit in the future, in my opinion, if the cryptocurrency system will be enhanced further, there is a potential to also be like the bank which is a one stop shop. Safekeeping and investments.

[ShowOffoN]

Crypto is the way and nothing more, keeping your money in banks doesn't give back what you suppose have but little even if it will not be deducted, but on crypto you are sure of something in return no matter how dip or volatile it is , if you keep holding it will bring profit in no time.

Yes I do agree. As far as earning potential is concerned, the bank is nothing compared to cryptocurrency. It's just a matter of right strategy to hit the jackpot plus the democracy and freedom that it comes along with it being not regulated by any entity but how safe it is really compared to bank?

[ShowOffoN]

actually I can't choose between the two because I need both of them in my daily activities. I need a bank when I want to borrow money. because in cryptocurrency there are no financial institutions that can collect and lend money like banks. when saving money I prefer to keep it on cryptocurrency because if my money is stored in the crypto my money can grow quickly and I can make a big profit. instead of being kept in the bank our money cannot grow and the interest provided by the bank is only a little. when viewed from the risks both of them both have the risk of losing and can also be stolen or hacked. I think both banks and cryptocurrency can be used together without having to eliminate one of them.

That is also a every strong point. Kinda like having the best of both worlds and sometimes, even the worst of both worlds. Why not maximize the perks of both, right? In Cryptocurrencies, your money can grow on a faster rate while if you need money faster, the banks can offer it but it's also true, both are risky in their own ways.

[Rumble97]

Every individual certainly has a different mind, if I prefer to save money in a bank, even though the benefits are few, but I feel safer, and of course the bank is now everywhere

[Suwycu]

Each one is different in its own way.  In a bank, for example, money is safer, but investing in cryptocurrency is more profitable!

[ShowOffoN]

Every individual certainly has a different mind, if I prefer to save money in a bank, even though the benefits are few, but I feel safer, and of course the bank is now everywhere

Actually that's right. We all look at things differently although in my own opinion, I agree with you that at the present time, bank is still the safer way to store our money which is actually the question in my OP. In the future though, there is a potential that cryptocurrency system may also innovate to something better that it will not only be good for investments but also for storing money.

[ShowOffoN]

Each one is different in its own way.  In a bank, for example, money is safer, but investing in cryptocurrency is more profitable!

Absolutely true! Like what I said here multiple times, bank is for safekeeping and cryptocurrency is for profit but if we think about it, if only those in the right position will enhance the system for cryptocurrency, then maybe someday, it will also be a good place for storing money.

[Kristinasomaira]

Well in my knowledge, If one has the ability to take risk than he or she will prefer cryptocurrency because in this return is high than investing in banks. If one has not ready to bear the risk then he has to invest in bank because risk is less as compared to crypto world and one can get fixed amount of money at the end.