Bitcoin Vs Cash which is more secure

[goldkingcoiner]

Bitcoin is definitely more secure in a peaceful, modern society, in which everyone has free access to the internet and is not enslaved by a dictatorship like in North Korea where you are cut off from anything not approved by the government. Although even in such a dictatorship, people would find ways to keep Bitcoin alive and running.

Now, if the scenario were to be more drastic, like for example, WW3 and the collapse of everything and people would not have an internet connection then in such an extremest of cases, cash would be more useful, short term.

But I am planning for the future not for the apocalypse. So Bitcoin all the way.

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[suzanne5223]

Cash payment is done offline, when spending with paper money no real identity is needed. A buyer can spend their currencies without the bank coming into the picture, no name required because the receiver doesn't need the name of the buyer for transaction to be completed. Bitcoin does hide identity but it is not completely anonymous. Despite Bitcoin not requiring identity to own some coin and spend them the public ledger reveals every transaction on different bitcoin block explorer and as such merge transactions of a particular wallet together and can lead to one's identity been revealed if caution isn't taken.

Back in the early days of my crypto journey, a lot of people were naive about Bitcoin anonymity and also believe since no KYC is involved in the transaction in the block explorer doesn't matter much until blockchain analysis experts open the eyes of people to the misunderstanding which later lead to the creation of crypto tumbler service.
Having said that, people also need to take caution even when using a wallet like Electrum client traced to the IP address of a certain wallet broadcasting location.
It is good to use a VPN with this wallet.

[DU18]

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.

These two currencies have their own advantages and disadvantages as you said, but to minimize risk it might be said that bitcoin is a little safer than fiat currency transactions but I believe that in this world there are no transactions that are 100% safe because of course there are loopholes that are indeed not perfect for every transaction that exists, whether it is safe or not, of course, all depends on us in storing financial information and also how we carry out these financial transactions.

[indah rezqi]

These two currencies have their own advantages and disadvantages as you said, but to minimize risk it might be said that bitcoin is a little safer than fiat currency transactions but I believe that in this world there are no transactions that are 100% safe because of course there are loopholes that are indeed not perfect for every transaction that exists, whether it is safe or not, of course, all depends on us in storing financial information and also how we carry out these financial transactions.

Under certain circumstances, bitcoin is better used as a means of payment than fiat or cash. However, for certain circumstances, bitcoin is still not a good choice to be used as a means of payment. Imagine how you can use bitcoin as a means of payment in a country where it is not legal as an official currency, and how you can easily pay for something in a traditional market where 99% of transactions are made in cash.

It is true that there are many things that make this currency has advantages and disadvantages, but I would not argue that bitcoin is indeed a better option for secure payment.

[Valeriary]

Both cash and cryptocurrencies have pros and cons, and Bitcoin is not a substitute for fiat currency. The primary function of Bitcoin is to store value.
While Bitcoin is vulnerable to theft, so does cash. Cash can be counterfeited, but Bitcoin cannot be counterfeited.
You store cash in your bank card, even if the bank fails, the money in your card still exists.

[Artem Sereda]

Bitcoin is definitely more secure in a peaceful, modern society, in which everyone has free access to the internet and is not enslaved by a dictatorship like in North Korea where you are cut off from anything not approved by the government. Although even in such a dictatorship, people would find ways to keep Bitcoin alive and running.

Now, if the scenario were to be more drastic, like for example, WW3 and the collapse of everything and people would not have an internet connection then in such an extremest of cases, cash would be more useful, short term.

But I am planning for the future not for the apocalypse. So Bitcoin all the way.

Your thought is correct and logical, but the question is about security, and in terms of security, cash is the most dangerous type of money storage, both in peacetime and during the apocalypse. Because robbery and other illegal activities are still present.

[maydna]

In what way would you like to know which is secure, bitcoin vs cash?

We can't compare bitcoin or cash because each works separately. If you want security, maybe bitcoin is secure because you don't need too complicated identification when you want to store your funds. To save cash, especially at a bank, you must submit your data to the bank to make transactions using the card.

Although you can shop with cash without using personal data, you can't carry much cash in your wallet because that could invite bad people to want to take your money. This makes people more comfortable using credit or debit cards in their wallets.

Bitcoin and cash have advantages and disadvantages, and I would prefer it if bitcoin and cash could work together to make transactions rather than compare them.

[Anguwa]

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.

Offline cash transactions are secure when they occur in a very close distance; meanwhile, when they occur in a far distance, there is risk involved, which can be reviewed and solved; but even so, this does not make it anonymous because both transactions can be tracked; therefore, it is not secure. Bitcoin transactions conducted outside of exchanges are safer because they are peer-to-peer and involve only the buyer's and seller's wallets, which are highly secure and cannot be tracked.