Can you tell me which one you will choose and why?

[Dzwaafu11]

I'll go with the bank because you can go there and complain if you ever lose your money, and they'll refund it back to you.

But if you ask a cryptocurrency trader these questions, they would likely respond that they like Binance and other platforms because of how anonymous the works it's.

But, the issue with binance is that it is not as secure as banks, which have complete security that is governed by the government. Let's go back to the Binance exchange. You are the only person in charge of your funds, so if you lose them, it will take a long time to get a refund.

Finally, I'll select a bank due to its security.

[Peanutswar]

I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

Of course, hardware wallets are the ones I trust the most. Hardware wallet is one of the secure wallets. But if I am asked to choose between Binance Exchange and Bank Account, I will not choose either. Because I don't see any of these two as safe. They can do anything with you for their own interests.

Hardware wallet is the absolute choice and it will be the best choice. Have full control without any interference from third parties. Regarding Binance Exchange and Bank accounts, it seems that they are almost similar, only distinguishing Binance Crypto and Fiat Banks. Binance Exchange is a centralized Exchange that is still under the government, will not have full control over assets stored on Binance Exchange. It is not recommended to keep everything.

Cold wallet storages are one of the most efficient in the choices because of the capability of the owner to have a fully authorize with their wallets, in terms of banks you are using them just to store your money and enjoy their perks thats all but in terms of having the security like withdraw all of your funds theres not quite assurance with this because theres some limits, interest and more that prevent you to pull up all of your asset in just a single transactions, in terms of exchange the same thing you are using them but with every time you make a transaction theres fee thats how they earn alot of it, exchange you cannot adjust the fees for example in bitcoin and eth you can adjust the fees so it takes time to get it in exchange you need to pay on their rates as is.

[Hyphen(-)]

I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

I wonder why though,  because I feel like banks should be more trusted, my bank for example, has been running for over 20 years and nothing bad happened except, for high charge fees, but my fiat is always in safe hands,  I don't know, maybe I missed something? So I plan to ask on here,  which one would you trust the most and why?

Despite the fact that both banks and the Binance exchange use third parties, I trust banks more than the Binance exchange for security reasons.

Banks are to be trusted because the government of a country has given them a license to operate in the country, so they cannot just go with people's money without paying for them, and even if they do, the government will be held responsible because they have been in charge of the security and safety of its citizens' and interns' money, and they allow us to use banks and they also use them to pay us our salaries.

Unlike Binance, which can simply crash and disappear with all funds, no one can say anything because we all know that governments around the world are not fully supportive of cryptocurrency.

[Alpha Marine]

Banks and Binance are the same things in different industries. They're both centralized institutions. They both make investments with customers' funds even if Binance denies it. I can't trust either of them. We have seen how banks of 50 years go under.
Both are organizations owned and run by human beings and human beings can be very greedy. Aside from the fact that they can get greedy, humans can make mistakes and lose funds in an investment, a lot of things can go wrong in an investment and it is your funds that will be at risk.
I don't even want to talk about the dirty people like SBF. 

[Rruchi man]

I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

If you are comparing the two on the level of trust and we are inclined to have a pick from the two options, I pick my bank that I can easily visit to lay complaints than an exchange that I know has no none office where I could visit easily to complain.

When cryptocurrency become more accepted, by then exchanges will be more serious because the institution behind them will be under government observation. In that time, exchanges can be trusted the more than now.

[Coyster]

I'll go with the bank because you can go there and complain if you ever lose your money, and they'll refund it back to you.

If you expose the sensitive information on your debit card, as well as give away your pin; or you basically lose your money out of your own folly, i'm afraid the bank isn't refunding you anything, but if the bank goes bankrupt and the government can save it, you might prolly get a fraction of your money back after sometime.

But if you ask a cryptocurrency trader these questions, they would likely respond that they like Binance and other platforms because of how anonymous the works it's.

Binance is not anonymous, they are very much centralized.

But, the issue with binance is that it is not as secure as banks, which have complete security that is governed by the government. Let's go back to the Binance exchange. You are the only person in charge of your funds, so if you lose them, it will take a long time to get a refund.

In Binance you are not the person in charge of your funds, it is Binance that keeps the keys in a custodial way, so if they lose it, there's a very high chance you might never get anything back.

[Agbe]

I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

I wonder why though,  because I feel like banks should be more trusted, my bank for example, has been running for over 20 years and nothing bad happened except, for high charge fees, but my fiat is always in safe hands,  I don't know, maybe I missed something? So I plan to ask on here,  which one would you trust the most and why?

This is for personal interest and choice. Some people hate bank because of the frustration they have gotten from their various banks and others or some people do not like cryptocurrency exchange platforms because of what happened to FTX and others. Their fear is that the exchange platform would collapsed one day and their coins will lost therefore they lost trust on the exchange platforms and prefer to keep their fund in wallets or Fiat whenever they have gained from the crypto investment. For now I prefer keeping not in Fiat because if arm robbers attacked the bank, my cash can still be withdrawn from another branch but if the exchange platform is hack, your funds are also gone. And you can't get them back. And if the management of the exchange platform decided to close it down because they could not meet up the demand of the people or the users and you have not taken your Coins before the incident happened then you funds are gone as well. Until your country adopt cryptocurrency as a legal tender Fiat bank is the best for now or wallet.

[Crypto Library]

I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

Dude! Why the option of hardware wallet you keep only for you ? You should have provided this option for us 
Actually, banks and Binance or any kind of centralized exchanger do not give us freedom of funds or money. But if I am asked to choose any one of these two options, then I will choose the bank as the better option. Because banks are regulated by specific state or government laws designed to provide consumers with the security of funds. Binance on the other hand doesn't have that many obligations so here I think the security of users' funds is less than that of banks.

I wonder why though,  because I feel like banks should be more trusted, my bank for example, has been running for over 20 years and nothing bad happened except, for high charge fees, but my fiat is always in safe hands, I don't know, maybe I missed something? So I plan to ask on here,  which one would you trust the most and why?

Just running for a long time is no guarantee that it is safe, and this has been proven recently as banks that have been running for over 100 years have recently collapsed. What you missed is what I said above, the way a bank can be controlled by a country's government but Binance can't, like in my country Binance is not safe here for me, because if I get cheated by Binance in any way. Then I won't get any legal help here because Cryptocurrencies are illegal here.

[ZAINmalik75]

I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

I think most of the wise investor will choose the hardware wallet rather than Binance, etc because after recent ancident of FTX really shocked the people, Thier trust on decentralized exchanges are almost gone, now they will be frightened to hold Thier investment in exchanges.

I wonder why though,  because I feel like banks should be more trusted, my bank for example, has been running for over 20 years and nothing bad happened except, for high charge fees, but my fiat is always in safe hands,  I don't know, maybe I missed something? So I plan to ask on here,  which one would you trust the most and why?

I think after recent ancident of silicone valley bank people will frightened to deposit Thier saving in banks because this ancident really damage the trust of people on banks, just like you say my banking running for more than 20 yr so people will trust more, Same situation happen here SVB surve in America more than 39 years so due to that reason people trust them but they crushed all trusts.
So in the end my option will be hardware Wallet rather than banks and decentralized exchanges for holding..