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

[Fullcoinese]

although I also trade on Binance, I will not trust Binance to put my assets there.
I use the Bank to save fiat, and I put my Fiat in the Bank. I believe this because the government authorities also support the Bank. it's like a bank that is managed by a government agency.
while for Bitcoin and crypto assets, a hardware wallet is the best choice to store them.

[Xal0lex]

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?

A difficult choice indeed. We have to choose the lesser of two evils. Banks, however, are more reliable for the storage of their funds, although they have their own drawbacks. Exchanges are often hacked, blocked, and scammed, while banks have a long history. Cryptocurrencies are a wild environment, regulation and control of money is still weak there, so I would definitely not store my money on a cryptocurrency exchange, especially one that has no exact legal address, and the exchange owner himself claims that Binance is where his exchange employees are, or something like that. That's a rather fuzzy wording, isn't it?

[Awaklara]

I disagree with OP statement about more trusted trustwallet than Bank or Binance exchange account, there are not matter when you holding assets in trustwallet but little effort now always trustwallet is secure depending with kinds of your access website. I prefer hold my assets for long term in exchange wallet than use trustwallet for holding.

I joined many kinds of airdrop and my wallet have been filled form on many bounties campaign, I don't sure when holding much assets in trustwallet will possibility with some one sending dusting attack token and without realize ever approve swap.

I believe you misunderstood the OP's intent.
The OP asked about Banks and Binance. which do you trust more?

I would trust the Bank. there I keep fiat money. I withdraw money for my needs. although when compared to Binance, I'm equally not holding onto my money either. I only have account access. both at the bank and on Binance.
but at the Bank, which already has a guarantee from a government agency. they have branch offices which are easy to access. If you have problems, I can take care of them.

[Crypt0Gore]

Despite the advantages and disadvantages of Binance and banks, I still don't trust either. One belongs to the government and the other to a man, just like myself, who is free to do whatever he feels like with my money. I always make sure that my money does not sleep on Binance exchange when I make deposits, because I believe that anything can happen at any time. Cryptos are much safer when held in a noncustodial wallet. And as for Banks, I only convert crypto to Fiat when I need it, I don't keep money in the Bank anymore, it depreciates faster and never appreciates.

[Lucius]

~snip~
If something happens with your $50.000 bank deposit, the insurance kicks in and replaces the full sum you lost.

This is something that exists in theory, but I'm really interested in how it would work in practice in the event that one of the big EU banks fails. Given that everything is more or less slow in the EU, I would not be surprised if the process is long-lasting and quite painful for all clients. Let's remember that banks are very quick when they need to take our money, and the opposite is true when they need to give it on any basis.

However, some would say better late than never, and I always remember the case of Ljubljanska banka, which stretched for decades and many died without receiving their money.

[Stalker22]

Let us not compare apples to oranges to bananas here, okay? These three things - banks, hardware wallets, and Binance are all different animals that all serve totally different purposes, so it is not really fair to pit them against each other.

When it comes to banks, let's be real: we kinda have to trust them, because what else are we gonna do, right? They are regulated by the government and insured by insurance companies, so we rely on them to keep our regular money safe. But when it comes to cryptocurrencies like Bitcoin, we do not need banks at all. That is where hardware wallets like Trezor and Ledger come in. They are specifically designed to keep our digital coins secure.

Now, Binance is a different beast altogether. It is a super popular crypto exchange, but it is not meant for long-term storage of either fiat money or crypto, so don't get it twisted. Use it to trade your crypto for other coins or cash out to regular money. So, like, keep your fiat money in the bank, your crypto in a hardware wallet, and use Binance to do your crypto trading. Easy peasy!

[Pmalek]

<Shitpost snip>

No one even mentioned Trust Wallet in this thread before you showed up. Have you tried reading before replying? The forum has a preview button. I suggest you use it before submitting such a sad attempt at a normal post.

This is something that exists in theory, but I'm really interested in how it would work in practice in the event that one of the big EU banks fails. Given that everything is more or less slow in the EU, I would not be surprised if the process is long-lasting and quite painful for all clients. Let's remember that banks are very quick when they need to take our money, and the opposite is true when they need to give it on any basis.

However, some would say better late than never, and I always remember the case of Ljubljanjska banka, which stretched for decades and many died without receiving their money.

Good example with the Ljubljanska Banka case. The European Court of Human Rights in Strasbourg had to step in before those scums started paying out their pre-war clients. As they say in the Balkans, justice is slow but attainable! You will surely wait a long time, but eventually you will get it. If you are still alive. Even if not, there are usually heirs who will carry on the fight.   

[Rengga Jati]

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 ma using my ban account also more than 13 years and it is trusted enough so far.
I am also using Binance exchange since 2018,wihtout any obstacles.
They are al centralized, but banks are more centralized, under the regulations in my country, within guaranteed and authorized by Financial Services Authority in my country.SO, if this is about which one to trust, I will trust my bank more because of some reasons. Although it doesn't mean I love more the banks, I love more Binance because I can do more things in Binance, do trading, purchasing some of my assets, and others that cannot be done in banks. But actually, Ima also the one who will save my money for long time periods in both bank or Binance.

[Cryptoababe]

OP, your friends that choose Binance over bank and Hardware wallets are Binance Angels, Newbies or Noobs. With Normal Understanding, We all know that we give exchanges our assets by abiding with thier rules. And that can come back to hunt us. Hardware wallet is fully ours and can be used at anytime. Also, Banks are being regulated by Governments and thats okay enough for us to trust them too.

[tech30338]

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?

Here is my response regarding this, for business you can use banks, since you will need this for your business transaction in the realworld, you can't use binance for that, while in crypto it will be binance, regarding with trust to both of them, i won't be trusting any, the banks holds your money lend it to others and give you small income, and only return small amount, when bankrupt, if you want to keep your money use hardware wallet, or the one that you own the keys, trusting your money to this two is not a good idea for me, use them for just transactions if needed.

[SOKO-DEKE]

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?

Considering my past experiences, I will unquestionably choose a bank over a centralized company like Binance. With what happened to the FTX exchange and many exchange, it is evident for me that even exchanges with a good reputation can run away with customers money. However, I have yet to see a bank in my country with a good reputation run away with customer money.Therefore, if a bank in many country is running out of founds to continue maintenance it company, it is required that they merge with other banks to make things easier for them but not running away with customers money . Therefore, I will select bank over Binance Exchange based solely on this.

[examplens]

This is something that exists in theory, but I'm really interested in how it would work in practice in the event that one of the big EU banks fails. Given that everything is more or less slow in the EU, I would not be surprised if the process is long-lasting and quite painful for all clients. Let's remember that banks are very quick when they need to take our money, and the opposite is true when they need to give it on any basis.

However, some would say better late than never, and I always remember the case of Ljubljanjska banka, which stretched for decades and many died without receiving their money.

Good example with the Ljubljanska Banka case. The European Court of Human Rights in Strasbourg had to step in before those scums started paying out their pre-war clients. As they say in the Balkans, justice is slow but attainable! You will surely wait a long time, but eventually you will get it. If you are still alive. Even if not, there are usually heirs who will carry on the fight.   

It was a really fucking period, and if I remember correctly, it wasn't just Ljubljanska that did such damage.

as far as I know, according to the regulation of the central bank, all other banks must have certain reserves so in a way they are not the only ones who wonder about clients' deposit funds. (of course, this is the case in less corrupt and organized countries).
I guess this is the kind of regulation that is missing in the sphere of crypto exchanges, where they have to offer some kind of guarantee on all funds entrusted to them.

[Oceat]

Everyone has their own preference but for me I'd like my money to not handed over to someone which means I trust hardware wallet than Binance or banks but I use Binance when trading it's just that I don't store my crypto on exchanges. Banks are different than crypto and just like what they said exchanges and banks are all centralized which means you don't have a full control of your funds if there's something bad going to happen. I only store money if it's for expenses in that way you will have a guarantee that your on money is safe.

[Rigon]

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.

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?

At present, most corruption is happening in banks. They are deliberately changing their rules by banks. Transactions incur high charge fees. And I don't believe in this bank especially because there is more corruption in the banking sector.

[OGsmall]

Also, I have been wanting to ask too but for me, I will trust the Banks more than trusting Binance exchange that can be shot down any moment, but when one's falt money is in the bank it will save and one's mind will be at rest
Let say if the banks go down today one can be able to do something or hold the government for that, but in this case, for the Binance exchange today they are many scammers out there and they can just hack someone's wallet on Binance so for me I trust the Banks more than the Binance exchange platform when I was registering for an acct I saw warning signs that say be careful of scammers

[Jon_Hodl]

I don't trust either one. They are both scams but for different reasons.

Banks are scams because they are all use fake money and are all insolvent but they are backed by the federal government so they have been able to stay alive this long.

Binance is a scam because they use mostly fake money (everything except for Bitcoin is fake) but they are not backed or insured by any government but because more people trust and use them globally, they have been able to stay solvent as long as they have without any aid from governments.

There is a saying in Bitcoin "Be your own bank" and it couldn't be more true. Self custody with a hardware wallet device is the only way to truly stay solvent well into the future.

The only way to be sure that you are not being scammed is to control your own private keys.

[Asuspawer09]

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?

I mean both Banks and Binance are centralized and when it comes to investment I wouldn't really trust both of them, but they both have advantages and disadvantages at the same time. Binance was a pretty popular exchange and probably the best exchange where you could trade but it is still vulnerable to hacking like what happened to other exchanges. I mean I would put some of the money on Binance and invest a small percentage but mostly because of trading and converting my cryptocurrency. Similar to what happened to FTX, it could easily happen to Binance at some point.

I would probably trust the bank more than Binance since you could easily go to banks locally and report when you encounter problems, Ideally, when we are talking about long-term I would easily pick a bank to put my money but there are still a lot of issues like hacking, phishing, etc. Recently a friend that gets his bank account hack around 600$ was sent to another account, As far as I know, when the money was already out of the bank you cannot recover your funds especially if it is your fault that you get hacked, but one of my worry here if when it is an inside job how are you going to prove that its not your fault.

[Alisha-k]

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?

I'd choose binance over bank accounts, none is safe and I think one is of greater advantage, so if I have to deal with any, I'd go with the one with higher advantage which is the binance exchange. But of both, hardware wallet is far better, their choice is respected though, the know better why the had to go for that.

[bounceback]

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?

Apart from storing assets in personal hardware wallets, I would trust banking more than storing them on exchanges, because basically almost every exchange we come across never guarantees that our funds will be completely safe with them even if one day there is a hack on the exchange then our funds it will also be lost, lucky if they intend to replace it but if not then we have to just give up our funds, unlike banking if our funds are lost in their hands, then we can sue them to replace our lost money.

[lalabotax]

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 that both have a different function for me, except that it is for investment or saving money. For the usage and the trust, I think that bank has more security than Binance, although nothing is perfect 100%, banks are commonly guaranteed by certain constitutions in a country right?Although there are some cases in which banks make some problems and lose money, this case is probably not really much. However, if it is about saving money for the long term, I will not choose banks because I cannot earn profits from saving money in banks, only a small amount from deposits and this is not worthy