Bitcoin Vs Cash which is more secure

[boyptc]

Security in cash is all about secured on its value and it's also made by the government, that's security.

While for bitcoin, its network is secured and thanks to the miners and nodes providers out there to maintain its security.

Cash transaction would have been a perfect option for 100% anonymous transaction but it cannot be sent to some one who is afar off. Bitcoin stands out as the perfect option not as an anonymous tool but as a private coin with no central server.

This is actually true, terrorists are using cash and I don't understand why there would always be those "experts" that revert this idea for bitcoin. Although it's a fact that it's really been used in the dark places.

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[OgNasty]

Which you believe is more secure is highly dependent upon your definition of secure.  Sure, cash is nice because you can take it with you and spend it without the need for electronics or an internet connection.  That makes some people feel secure.  Who doesn't have that hidden $20 dollar bill stuffed in their wallet?

However, if you're talking about security like the government is trying to seize your funds, then cash is clearly the easier target.  Whether that's cash on your person or in a bank account, the government can just take it from you.  Bitcoin offers you the ability to secure your coins to the point where nobody else can take them from you, and that to some people is everything.

[CryptoHeadlineNews]

Cash transaction would have been a perfect option for 100% anonymous transaction but it cannot be sent to some one who is afar off. Bitcoin stands out as the perfect option not as an anonymous tool but as a private coin with no central server.

Cash can equally be sent to someone who is far off,  because our forefathers did it back in the 90s, and just that it's slow and could take days before finally delivered. And on the other hand, this cash which you said would have been your most preferred option for 100% anonymous still has it's demerits, as it Is prone to theft and can be duplicated in counterfeit compared to the other two Bitcoin and Online payment.

[mathenye]

Each of it has benefits and disadvantages. I would say it depends on how you care for it and where you need it.
For example if you would (and could) make payments for daily purchases it's quite different than storing value for your savings.
Of course, cash is more suited as a currency while Bitcoin is more suited as a store of value.
There are still some unforseen issues which can affect Cash and / or Bitcoin but in general I would say Cash is better for purchases and Bitcoin is better as a store of value.

I do international trade, and for me, bitcoin is more convenient, of course I think security depends not only on bitcoin itself, but also my hardware wallet. Banking For me, security is a factor that I ignore, more of a habit.

[Antonas1]

I agree with OgNasty (here). When you are in a place or territory that does not accept digital payments, it is safer if you have fiat money in cash.

When it comes to money laundering, fiat currency has a lot more methods it can do than bitcoin. Some of the methods that are often used:
1. Loan Back,
2. C-Chase operating mode,
3. Acquisition mode,
4. Over invoices or double invoices (with fake/shell company),
5. and more.

Whereas with Bitcoin, it seems there are only 2 ways to clean their money (that's all I know):
1. Transfer it to altcoins like ZCash and Dash.
2. Use a coin mixer.

That's why criminals prefer to use fiat money instead of bitcoin to clean up their money. In this case, Bitcoin is better than fiat.

[Mauser]

Cash transaction would have been a perfect option for 100% anonymous transaction but it cannot be sent to some one who is afar off. Bitcoin stands out as the perfect option not as an anonymous tool but as a private coin with no central server.

While cash transaction are great for making purchases or sales with a lot of anonymity the security aspect of cash if not great in my opinion. Most people will be reluctant to engage in larger size cash transaction, because they afraid to carry around it. The risk of getting rob is too high in my opinion. That is why I only have small bills and not a lot of cash with me when I go to the city. Also we should be aware that cash transaction don't offer 100% anonymity anymore, whenever we use cash we need to physically meet other people and this can be seen by others too. CCTV and facial recognition became very popular over the last 10 years and it's hard to avoid it in many countries today. Just take London for example, all of the major places are fully covered by CCTV. So whenever you meet someone to make a transaction with large sums of money, this could be recorded. Not that this is a bad thing, it provides a lot of security, but also takes away the anonymity in public places. Bitcoin and other crypto currencies seem like the best way to make transactions that are secure and outside of the banking industry.

[Mamun74]

Bitcoin and Cash both are different things. Cryptocurrency and Fiat both are usually using different method. Why you compare them?I Think, both are more secure their own way.So bitcoin and cash their security and facility of their own system. But i Think, which one you believe then this one is more secure for you.

[Ayers]

Bitcoin and Cash both are different things. Cryptocurrency and Fiat both are usually using different method. Why you compare them?I Think, both are more secure their own way.So bitcoin and cash their security and facility of their own system. But i Think, which one you believe then this one is more secure for you.

To be fair, fiat has been around for hundreds of years and we have used it for so many generations, even though it has many problems, it is still useful in our lives. I know bitcoin has many advantages over fiat in many ways, I am a bitcoin investor myself but I have never compared them and brought the bad things of fiat to denigrate, smear it because I still use it every day. My life has changed a lot thanks to bitcoin so I am happy and grateful to be able to use both. As long as you know how to use them properly, you will find the two are worth surviving together.

[Yatsan]

At this moment, cash or fiat is more secured over Bitcoin and other cryptocurrencies simply because it is safe from sudden downfall on its value (inflation rate is a different story),meaning it has less risk.But if it is security concerning anonymity, Bitcoin has its edge because of this blockchain. But I am not concluding. This technology is still young and there are lots of room for improvement. Through years, more countries will adapt this technology or currency as an option for medium of payment. And that will be the time we would see if Bitcoin and other cryptos are acknowledged to be used on a daily basis.

Cash transaction would have been a perfect option for 100% anonymous transaction but it cannot be sent to some one who is afar off. Bitcoin stands out as the perfect option not as an anonymous tool but as a private coin with no central server.

Cash can equally be sent to someone who is far off,  because our forefathers did it back in the 90s, and just that it's slow and could take days before finally delivered. And on the other hand, this cash which you said would have been your most preferred option for 100% anonymous still has it's demerits, as it Is prone to theft and can be duplicated in counterfeit compared to the other two Bitcoin and Online payment.

Of course cash is a thing of the past, but still bitcoin can also be easily stolen, for example if you transfer it to scammers. But I don't think it's correct to compare digital currency to cash. They have nothing in common and soon cash may disappear altogether. It will be replaced by cbdc. And then bitcoin will have many advantages over the financial system.

Accidentally sending it to scammers is a bit situational and is something which won't happen on a daily basis. That will have something to do with user negligence.

[fzkto]

At this moment, cash or fiat is more secured over Bitcoin and other cryptocurrencies simply because it is safe from sudden downfall on its value (inflation rate is a different story),meaning it has less risk.But if it is security concerning anonymity, Bitcoin has its edge because of this blockchain. But I am not concluding. This technology is still young and there are lots of room for improvement. Through years, more countries will adapt this technology or currency as an option for medium of payment. And that will be the time we would see if Bitcoin and other cryptos are acknowledged to be used on a daily basis.

Cash transaction would have been a perfect option for 100% anonymous transaction but it cannot be sent to some one who is afar off. Bitcoin stands out as the perfect option not as an anonymous tool but as a private coin with no central server.

Cash can equally be sent to someone who is far off,  because our forefathers did it back in the 90s, and just that it's slow and could take days before finally delivered. And on the other hand, this cash which you said would have been your most preferred option for 100% anonymous still has it's demerits, as it Is prone to theft and can be duplicated in counterfeit compared to the other two Bitcoin and Online payment.

Of course cash is a thing of the past, but still bitcoin can also be easily stolen, for example if you transfer it to scammers. But I don't think it's correct to compare digital currency to cash. They have nothing in common and soon cash may disappear altogether. It will be replaced by cbdc. And then bitcoin will have many advantages over the financial system.

Accidentally sending it to scammers is a bit situational and is something which won't happen on a daily basis. That will have something to do with user negligence.

OK, cash can be taken from you on the street by criminals. But they can also take your bitcoins by looking at your smartphone, which is more difficult, but if they use force, they can do it. That is, they can get you to transfer your bitcoins to them. It has become more often, and no one is surprised that someone has robbed someone and stolen their bitcoins. In general, if you become a victim, there is a high probability that not only cash but also bitcoins can be stolen from you.

[Don Pedro Dinero]

Well, given the advantages and disadvantages of each, in my case I have both. Nowadays if you pay for everything with your mobile or card you give away your privacy, but not with cash. This also has exceptions, for example if you buy furniture and you want an invoice, even if you pay in cash the transaction is registered in your name even if you paid in cash.

Bitcoin is better for storing large amounts and transferring them, but you can spend cash wherever you want, while bitcoin is not.

In conclusion, for me nowadays they complement each other.

[Smack That Ace]

Well, given the advantages and disadvantages of each, in my case I have both. Nowadays if you pay for everything with your mobile or card you give away your privacy, but not with cash. This also has exceptions, for example if you buy furniture and you want an invoice, even if you pay in cash the transaction is registered in your name even if you paid in cash.

Bitcoin is better for storing large amounts and transferring them, but you can spend cash wherever you want, while bitcoin is not.

In conclusion, for me nowadays they complement each other.

I agree with what you said, there is no need to compare them to see which one is better than the other. In case you are looking for an inflation-resistant asset store or an investment that can make profits, then bitcoin is a great option but for daily spending, paying bills, I think fiat is more perfect in this situation. It can be said that they are two completely different things so they cannot be compared on the scale. Fiat will never go away even if it's worse than bitcoin, it's true and we will never stop using it.

[dezoel]

Bitcoin and Cash both are different things. Cryptocurrency and Fiat both are usually using different method. Why you compare them?I Think, both are more secure their own way.So bitcoin and cash their security and facility of their own system. But i Think, which one you believe then this one is more secure for you.

To be fair, fiat has been around for hundreds of years and we have used it for so many generations, even though it has many problems, it is still useful in our lives. I know bitcoin has many advantages over fiat in many ways, I am a bitcoin investor myself but I have never compared them and brought the bad things of fiat to denigrate, smear it because I still use it every day. My life has changed a lot thanks to bitcoin so I am happy and grateful to be able to use both. As long as you know how to use them properly, you will find the two are worth surviving together.

Fair? I think not because one existed for ages while the other one (bitcoin) only existed for more than 10 years but bitcoin can beat fiat in other features. Bitcoin is digital, decentralized, volatile, and many more. Some of the bitcoin features can be a disadvantage for other users if they don't know how to utilize it properly and they think fiat can win over it.

Comparing them is unavoidable because both of them are money but like you I don't really over think it but I am happy that both of them exist because I can now have options to choose from. If I am dealing with online stuffs, I have bitcoin to use but if I am going outside I have my fiat with me.

[kamvreto]

I agree with what you said, there is no need to compare them to see which one is better than the other. In case you are looking for an inflation-resistant asset store or an investment that can make profits, then bitcoin is a great option but for daily spending, paying bills, I think fiat is more perfect in this situation. It can be said that they are two completely different things so they cannot be compared on the scale. Fiat will never go away even if it's worse than bitcoin, it's true and we will never stop using it.

the two will never be able to compare which one is greater and which one is worse. both of them have advantages and disadvantages that will complete every transaction. Fiat and Bitcoin become payments that can coexist and complement each other; i. Bitcoin without Fiat will not work because most people still need Fiat whether it's Cash or Digital. and Fiat without Bitcoin will also yield nothing because profitable investment is in Bitcoin or crypto for most investors nowadays. for security issues, it also depends on the user. but Bitcoin is admittedly safer for storage because we have full control, fiat will still be affected by the government. but even so, all have their own risks and benefits.

[KingsDen]

I am not well convinced about your argument and point you brought to the table. If there should be comparison, it should be between bitcoin and fiat.
Fiat on its own is in printed form which I believe you are referring to as cash or in digital form which can be transferred through mobile applications or in the form of CBDC.
Also in the topic title you asked between bitcoin and cash which is more secured, but in your conclusion you rather digressed to which is more anonymous.

Whatever comparison is on the table, the essence of bitcoin is to have a reliable alternative to fiat. Which will offer some kind of liberty to control your money without the interference of third party which could be financial institutions like bank.

Transferring physical fiat (cash) has no trace  unless at the point of disbursement.

[justdimin]

Cash transaction would have been a perfect option for 100% anonymous transaction but it cannot be sent to some one who is afar off. Bitcoin stands out as the perfect option not as an anonymous tool but as a private coin with no central server.

Cash can equally be sent to someone who is far off,  because our forefathers did it back in the 90s, and just that it's slow and could take days before finally delivered. And on the other hand, this cash which you said would have been your most preferred option for 100% anonymous still has it's demerits, as it Is prone to theft and can be duplicated in counterfeit compared to the other two Bitcoin and Online payment.

At the end of the day, we are not going to really end up with sending cash to people in envelope or something, that’s really not making any sense at all. Digitally I can send you billions of dollars in a second and only pay like few hundreds at most, whereas even sending few thousands cost more than that, and would be very hard to do to be fair.

I am not saying let’s all start using bitcoin from now on and never have cash, but at the very least the difference is obvious and that’s why I really do not care about this comparison because we need them both, they both could be used in different places and that would make a lot more sense in the long run.

[uneng]

Each payment method has its advantages and disadvantages. I can't say which one is better or more secure for everyone, but I can say which one is better for myself: bitcoin. At same time, I'm conscious there are many people, especially elder ones, who don't access electronic devices and internet, so cash is a must for them when dealing and trading financially with other people. On their case cash will be the best alternative, without any doubts. Even though it's not safe to hold cash, they don't have another alternative. What they can do to maximize security is to acquire a safe box to store their cash and avoid walking alone with large sums of money on their pockets.

[_BlackStar]

Each payment method has its advantages and disadvantages. I can't say which one is better or more secure for everyone, but I can say which one is better for myself: bitcoin.

Before I got to know digital currency ^{[digital fiat]} I tend to think that physical currency is better. Then when I got to know digital fiat, physical money didn't seem the best for cross-border transactions. And once I know crypto, bitcoin is the best. This means that everything has its own time and use. Physical fiat is still needed, while digital fiat is needed too, and bitcoin is a great alternative to get more advantages over physical and digital currencies.

For better use case, bitcoin has gained high confidence to be a currency that can be a great choice for those who like privacy. Bitcoin can be transacted anywhere at their own fee, without central authority and fast. But whatever it is, it's best what you use today because what's best for someone else doesn't necessarily mean it's right for you and your needs.

[Adamlaria]

I think cash transactions will also have anonymity. When you trade paper money with the other party, the other party does not know any information about you. But if you pay electronically, the other party may know your information.
However, whether it is Bitcoin or cash, it needs to be properly stored. If you lose your bank card in cash, you can retrieve your bank card through your ID card. But if you lose your Bitcoin key, you can't get your money back.

[TimeTeller]

I think cash transactions will also have anonymity. When you trade paper money with the other party, the other party does not know any information about you. But if you pay electronically, the other party may know your information.
However, whether it is Bitcoin or cash, it needs to be properly stored. If you lose your bank card in cash, you can retrieve your bank card through your ID card. But if you lose your Bitcoin key, you can't get your money back.

That's the dilemma of some crypto users, the thought of losing or misplacing their wallet keys.
On the other hand, a lot are still trusting the bank, because if you lost the ATM card or your financial book, you can always report it to the bank.
And then, you only need your verification IDs to replace the card or the book. This is why even some people here can't get rid of their bank accounts.
Also, some of financial transactions still do require bank details, and so most of us continue to use the banking services.
In terms of security, I think, both have their pros and cons. It is up to you how you will handle your accounts to safely secure your assets.