Is it safe to keep your money in bank?

[johnsaributua]

In my country, banks still have a good reputation, even if they close because the same branch has a crowded scope.
In foreign countries I was surprised by banks that went bankrupt and there were also banks that were fine and added a variety of services with crypto sales, it was a new color but it was not a guarantee of security. I distinguish crypto for investment and fiat for the necessities of life, although many people focus on investment but I also really need fiat for monthly bills and daily meals because around me still rarely use crypto as a means of payment, only a handful of people who become activists have a business that may be the goods I need, although most of the goods are not consumptive daily.
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Hopefully, sad events in banks like this can be minimized, and eliminate the bad image of the bank's reputation, because before there was a sloping case the bank had a good reputation.

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[odunybiz]

I have no experience about how safe it is to keep money in a bank because I have never deposited money in a bank yet. But I think people who have experience with crypto currency will invest in different coins instead of keeping money in the bank. As far as I know there may be no profit if people keep money in bank but if people invest that money in cryptocurrency in right coin then they will get better profit.

The present economy doesn't support or encourage keeping money in bank. It's highly better for one to invest his/her money than keeping them in bank. Bank charges will keep reducing this money and also this money will continue to lose its value as inflation increases.

[ItsCrafty]

If I say about the bank whether your money is safe in the bank or not, then of course your money is safe in the bank and you can easily keep it there and use it, but If your money are in digital wallet.
 it is in risk because can be hacked anytime in the wallet at any time and anything can happen to it, but if anything else happens to your money in the bank, then the bank will tell you. They will give your money, so it is safe to keep money in the bank.

[Miles2006]

The main reason why most bitcoin enthusiast still involve in keeping fiat is because we still need fiat to buy things needed for our daily life, even if we have supermarket that accepts crypto or bitcoin as a means of payment it must not be all, bitcoin is important for storing wealth and people should learn to hold bitcoin for future purpose and not fiat with zero value, it's said a lot of people hold bitcoin cause of the volatility nature and comparing it with fiat makes no sense.
Bitcoin has been a hedge against inflation and has helped people in terms of investment, have seen alot of business people who store their money using the banking system(fiat) and sometimes I think if they're ignorant or they still trust the modern banking system. In summary people should learn to have a valuable asset like bitcoin.

[Makus]

Keeping money in the bank is indeed safe, but just that inflation might strike anytime. I have some experience in keeping all money in the bank before I came into the crypto network. And my experience wasn't far from good because they are intermediaries and your money is not fully anonymous. So I prefer keeping majority of my saving in Bitcoin while the remaining one in my bank, is for emergency fund, should Incase anything happens unexpectedly, I have some were to return to rather than disturbing my holding.

[Hildentine]

I think absolutely because bank are connected to government and if you you have any problems they are solved and that thing I suggested that bank is safe because if you set your money in the bank any coming problem like hack etc bank are responsible.

[Y3shot]

I have no experience about how safe it is to keep money in a bank because I have never deposited money in a bank yet. But I think people who have experience with crypto currency will invest in different coins instead of keeping money in the bank. As far as I know there may be no profit if people keep money in bank but if people invest that money in cryptocurrency in right coin then they will get better profit.

The present economy doesn't support or encourage keeping money in bank. It's highly better for one to invest his/her money than keeping them in bank. Bank charges will keep reducing this money and also this money will continue to lose its value as inflation increases.

It doesn't make sense to leave money in the bank while their are good investment to invest money that will make the money to become more valuable in which profit will be made. With the level of the inflation right now, it is a wrong financial decision to leave money in the bank. In the bank the money will lose value by little charges and inflation. Aside cryptocurrency their are so many investment to invest money  that will definitely yield profits.

[Essential10]

Nowhere is 100% safe no matter where you keep your money. Recently, there has been a lot of discussion about whether people should keep their capital reserved with banks. I also see various people withdrawing money and transferring it to cash. But I think keeping money in bank is safe. Although there are several cases of depositing money in the bank and not getting the money back. Of course we have to choose the right bank to keep the money. As a customer, while depositing money, I can keep an eye on the bank's board of directors. I think that the clearer the bank's board of directors, the safer the bank.

[arjunmujay]

Nowhere is 100% safe no matter where you keep your money. Recently, there has been a lot of discussion about whether people should keep their capital reserved with banks. I also see various people withdrawing money and transferring it to cash. But I think keeping money in bank is safe. Although there are several cases of depositing money in the bank and not getting the money back. Of course we have to choose the right bank to keep the money. As a customer, while depositing money, I can keep an eye on the bank's board of directors. I think that the clearer the bank's board of directors, the safer the bank.

It is very correct to say that there is no safe place to put money anywhere, including in the bank. Even traditional storage is also vulnerable to losing your money. Likewise at the bank, although it has not disappeared completely. The bank also applies service fees and interest every month. Even if it's a little, over time your money in the bank will be used up by these fees.

[Kavelj22]

Keeping money in the bank is indeed safe, but just that inflation might strike anytime. I have some experience in keeping all money in the bank before I came into the crypto network. And my experience wasn't far from good because they are intermediaries and your money is not fully anonymous. So I prefer keeping majority of my saving in Bitcoin while the remaining one in my bank, is for emergency fund, should Incase anything happens unexpectedly, I have some were to return to rather than disturbing my holding.

There are many supports for your idea because in a capitalist market, asset insurance is a productive sector and it is the system that the state uses to impose its control over the internal financial system. Banks are an essential part of the global system for managing the movement and volume of money. Currently, banks are one of the best ways to deal with fiat money.

[martinex]

Keeping money in the bank is not a good Idea because the money will definitely lose value, instead of money should be placed in the bank one should think of how the money can be invested to yield more money. Increasing financially is not about saving money but it is by investing the money to add more value.  Before going into any investment,  proper research needs to be made for one to be at the right track of not getting into the wrong investment.

I see that the majority of people who are around 50 years old and above no longer want to take risks and minimize all possible risks that occur in this case trading in crypto even though they already understand and even if they already have a lot of money they will no longer buy assets that fluctuate and are more choose to buy gold rather than save it in the bank.
They usually only save money as emergency cash reserves to send to their children's education.

[Makus]

I see that the majority of people who are around 50 years old and above no longer want to take risks and minimize all possible risks that occur in this case trading in crypto even though they already understand and even if they already have a lot of money they will no longer buy assets that fluctuate and are more choose to buy gold rather than save it in the bank.
They usually only save money as emergency cash reserves to send to their children's education.

The major problem to this situation is not because they are scared of volatility of the market, but because of several scams they have encountered. Crypto being one of the major targets for scammers/ hacker is just something that look too risky for them to put in their money. Though you are right if we consider their age and their rise in BP based on the volatility of the market. But we still have some aged person who believes in crypto and understand how the market works, so such person aren't gonna get such sickness. However when once someone is becoming aged I recommend he buys only Bitcoin to reduce his.

[cute nmp]

Sure it is very safe for one to keep his money in the bank don't know about other countries but in mine nobody has ever lost his money through any bank . Though as a result of technology many people now store their funds in Web especially the youths where most are also in cryptocurrency . Think that is the only reason why people have reduced storing their money in bank not because of the safety because banks will forever be the safest place for one to keep his Funds and other assets.

[odunybiz]

I think this depends on your country. If you live in a country with high inflation value, keeping your money in bank make it lose value. I will rather invest it in BTC or the top altcoin than keeping it in bank.

[wheelz1200]

Keeping your fiat in banks is not at an immediate risk.  Although I don't like the federal reserve structure, banking will be fine at least the amount that is federally insured by the fdic.  That might change as our economy changes and fiscal policies change but as of now it's fine.  A move into crypto is a great hedge though.

[bitzizzix]

In my opinion, banks are an option for storing money safely. The reason is, the security system at the bank is tighter and more secure than if you keep it at home or under your pillow, and storing money in the bank can also avoid the danger of theft.
Since the question is about keeping money safe, and not for investments or anything like that, I think banks are still a good choice for storing your money.
And if the goal is to invest, I think Bitcoin, ethereum, and some altcoins where you think your money will work and grow are a good way to go.

[Y3shot]

Keeping money in the bank might be safe but it is not a good idea because leaving money in the bank for a longtime will definitely lose value. If you want money to be value I think just storing it in the bank is never a good idea. Instead of Me to keep my money in the bank and not knowing what to do with it, i will prefer to invest it in bitcoin that is reliable, this investment will be a long-term investment that will bring profit for me than keeping it in the bank.

[SATWAT]

In my opinion, banks are an option for storing money safely. The reason is, the security system at the bank is tighter and more secure than if you keep it at home or under your pillow, and storing money in the bank can also avoid the danger of theft.
Since the question is about keeping money safe, and not for investments or anything like that, I think banks are still a good choice for storing your money.
And if the goal is to invest, I think Bitcoin, ethereum, and some altcoins where you think your money will work and grow are a good way to go.

Here I am agreed with you but still we have to keep in mind keeping money in bank is not good for the every country with things are taking quick changes, and we are also facing many issues in developing countries like freezing money and bank is going to be shutting down without paying money back to customers these options are also now having trouble for the millions in many countries then mostly peoples have no options, or they face too many troubles as well like we have in our country too many banks gone without paying and many peoples died due to having not suitable backup.
But still as things are going into developed countries and many other those have strict rules it's not bad at all but still we need to keep eyes on all around for the latest updates and other relative things as well.

[Dimitri94]

In my opinion, banks are an option for storing money safely. The reason is, the security system at the bank is tighter and more secure than if you keep it at home or under your pillow, and storing money in the bank can also avoid the danger of theft.
Since the question is about keeping money safe, and not for investments or anything like that, I think banks are still a good choice for storing your money.
And if the goal is to invest, I think Bitcoin, ethereum, and some altcoins where you think your money will work and grow are a good way to go.

Keeping hard money in the bank is safer than keeping it with yourself. Those who keep in the bank will get this benefit. But in terms of investment, I think investing in cryptocurrencies is safer than banks. People are now almost anti-banking due to some other reasons especially inflation. They try to hold Bitcoin or other coins they think the bank now holds. It is the safer crypto investment than banks that can increase your confidence.

[jrrsparkles]

In my opinion, banks are an option for storing money safely. The reason is, the security system at the bank is tighter and more secure than if you keep it at home or under your pillow, and storing money in the bank can also avoid the danger of theft.
Since the question is about keeping money safe, and not for investments or anything like that, I think banks are still a good choice for storing your money.
And if the goal is to invest, I think Bitcoin, ethereum, and some altcoins where you think your money will work and grow are a good way to go.

Keeping hard money in the bank is safer than keeping it with yourself. Those who keep in the bank will get this benefit. But in terms of investment, I think investing in cryptocurrencies is safer than banks. People are now almost anti-banking due to some other reasons especially inflation. They try to hold Bitcoin or other coins they think the bank now holds. It is the safer crypto investment than banks that can increase your confidence.

Not entirely because banks doesn't need to give back the deposits completely if they go bankrupt and they don't give any kind of financial compensation if your locker stolen in anyway or destroyed in natural calamities. That you obviously knew if you read what you signed while opening your bank account.

Investment in crypto currency is not safe as saving money in bank or in your own safe deposit because investment comes with risk which means the value of assets can either grow or fall.