Problems with banks you have faced

[Mandarava]

The most important advantage of Bitcoin in comparison with traditional banking currencies is that during a bullish trend it is capable to making a profit more than thousand percent. No bank can allow you to have such a profit if you place your deposit there. For me, just this fact is enough to permanently abandon the services of bankers.

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[cxmyifan16]

I have faced some credit problems but it was long time before. Now i try to avoid using banks often and this has its reasons. I don't like banks because they have many hidden fees and percentage

[Marbelli]

I would say that there are actually a lot more problems with Bitcoin and cryptocurrency than with the bank itself. the bank now has a number of advantages over bitcoin

[mohammedmattar]

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

There are many problems with the banks of them
1. Complex account opening procedures
2. Length of remittances
3- The use of bank credit or letter of guarantee is complicated and requires a large period of time and significant costs

These are some of the problems Bitcoin has worked on to solve.

[aryatrals]

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

the problem of transferring crypto currency is easier, especially if we transfer money to a different country becomes uncomplicated and the cost is definitely much cheaper, the problem of saving our money is much safer because it will not be affected if the bank keeps our money bankrupt, without all three party intervention free to determine where we will spend our money ...

[geminiboy]

No matter how complex the traditional bank regulations are for all countries, I have never had a problem with bank regulations because that is the procedure, before and after the appearance of bitcoin / crypto I still needed the bank as a place to withdraw funds from the crypto wallet after becoming fiat money

I am sure the bank will remain forever and bitcoin will not be used forever as a legitimate payment instrument from all countries

Bitcoin is a tool for buying and selling shares or investing to make a profit

[Bella_Alexa]

My problem in my bank if someone send money in my account need to wait for couple days and they deduct some percentage. And also once you lost your card if you leave in other country they never mail for a new card need to go back home to apply a new card. so annoying

[BeManga]

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

what everyone dont like in the bank is their hidden charges or some hidden policy
it feels like a trap and they are just waiting to take advantage of you
you will not know it until you experience it

[PaulRobertT]

Sometimes banks are also the main cause of concerns in the savings. Especially when listening to news about the unstable business situation of a certain bank.

[sublime5447]

well even though I didn't feel it but the demonetization experienced by the Indian yesterday really was hit their government so hard and also to the world of banking throughout the world and again it is not a secret that the government will back up bankrupt banks because it will have a big impact on their economy, this is the work of business people who have received permission and through rigorous selection but in the end they are destroyed from the inside.

[tramadols]

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

yes that's true as you say.
however, we are still very dependent on banks for a number of reasons such as payment of water and electricity accounts, especially for savings and loans.
I am a crypto but I also really need a bank, because crypto is not really used as an option in every transaction

[akshay_khoyani]

I facing too many problems for international transactions through banks because there are too many restrictions about out of India Transactions every time banks are asking the reason of Remittances but now I just take any cryptocurrency behalf of my payment that is also find a good solution for me. so that I can say thank you Cryptocurrency.

[jatin729]

There are many problems in the banking system i.e.
1. Cross border transactions -- It is really big problem because bank takes high fee for cross border transactions.
2.  Complex access of online banking apps.
3.  Support system if money got deducted from bank but receiver has not received money than bank would take 7 days to refund money into bank account in India.

But if you compare a decade banking and current banking you can see huge difference between.
Today we are having modern bank with latest innovations and features.

[Pyr3x]

I basically do not like the fact that I have to use the Bank to store their own money, pay for it a lot of money. Besides the Bank is easy to Rob, there have been several such cases in my city and I don't feel that my money is safe. I want to control my own contribution.

[ronnis.gomes]

When people talk about the benefits of bitcoin over Fiat money, one of the biggest advantages is that bitcoin is more secure and the bank has not control over your money. Generally, people talk about the lack of 3rd party.
Give some examples of the problems with banks you have faced that there wouldn't be if cryptocurrencies existed that time.

In my country, some banks closed exchange accounts without motivation. This has caused problems for the exchanges and especially for their users. This move has given pause and banks are being forced to reopen the accounts by decision of the supreme court.

[WebTera]

I only use the Bank to hold the money. I don't take out loans, mortgages, etc. And I think to keep money in bitcoin much more profitable. In addition, the Bank I need to pay large fees for transfers and storage. Therefore, I prefer bitcoin.

[ict]

the main problem every time I make a transaction at a local bank is the speed of transactions and the accuracy of financial transactions. this made me have to be patient when making transactions with the bank. takes a long time for one transaction because the process and speed in serving customers is very long and there is a long queue. This is very ineffective when only one transaction takes more than 20 minutes.

[amar786]

Biggest problem with the banks is the waste of time one should have to walk through to get a service. And after all this got currency in hands but not safer then digital as it can cause roberry etc. Digital currency can not be robed.

[mekie]

Banks the world over exist for one reason to make as much money from you as they can, either by charges and fees or even just using your money and paying derisory interest rates while charging extortionate rates. The sooner banks are replaced by crypto the better.

[WillyZ]

Just recently had a problem with a usd transaction. The receiving end's bank didn't have a correspondent bank, so they couldn't receive usd.. lol, in what world do we live in if you can't send someone usd?

#absurd #gocrypto