Is it safe to keep your money in bank?

[waONE]

in my country so far it is still safe, but we see the case of the American bank SVB experiencing bankruptcy which is considered safe, not necessarily safe. We also have to be careful not to keep our assets in one place, stay safe.

in my opinion there is no safe place to keep our money, it's just that the risks are different, so if you keep your money in a bank it's not safe but the risk is very small for your money to be lost compared to investing in cryptocurrency, but your money can't increase if you save money in the bank (bank interest is lower than inflation), so I agree with you if we should not keep our money in just one place.

Banks were created to save money but why do you say it's not safe?.
I myself have also kept my money in the bank for years and it's been safe, I can't imagine how insecure it is? .
I know for sure you know a good bank in your country, and there must be a lot of customers do they complain about insecurity?.

[1714182533]

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[Rampagoe004]

Basically a bank is where we give money to people who are wealthier. When talking about security I believe the bank is safe. But when talking about privacy and profit then investment is the best way. I prefer to save my money in investment instruments rather than conventional banks.

[Dollar_Hunter]

Basically a bank is where we give money to people who are wealthier. When talking about security I believe the bank is safe. But when talking about privacy and profit then investment is the best way. I prefer to save my money in investment instruments rather than conventional banks.

for investment it's better for us to buy crypto currency or real estate, because the profit can be more than keeping it in the Bank,
and talking about security I agree with you that the Bank doesn't need to talk about the level of security anymore,
what is clear is that the Bank will always be safe for you save money.

[terencio]

You make some interesting points about the advantages of crypto over banks, but you also ignore some of the drawbacks and challenges of crypto. For example, you don’t mention the volatility, complexity, regulation and adoption issues of crypto. You also don’t explain how FMCPAY Exchange is different from other crypto exchanges or why it is more secure and trustworthy.

[FahriZah]

At the moments bank deposit now not safe and our country now so many banks already changed thire old rules and make new rults for every bank account holder it’s very hassle for us.

[nesty]

I think so it is safe to keep money in a bank. As banks are regulated by government agencies and are required to follow strict rules and regulations to ensure the safety of their customer's money. Most banks are insured by FDIC which means if a bank faces a bankruptcy the deposits of the depositors are protected at a certain amount. Remember that no investment is completely risk - free. Banks can also fail. Make sure if you will keep your money in a bank deposit to a reputable bank with a strong financial standing. Money in a bank can generally considered safe and secure option for most people.

[deean_3one]

Keeping money in the bank is arguably safe. Banks can guarantee the safety of our money stored there. But sometimes saving at the bank also backfires. There are banks that go bankrupt and cause our money to be lost. So saving money in the bank should also be careful. We must choose a good and trusted bank.

[abel1337]

Keeping money in the bank is arguably safe. Banks can guarantee the safety of our money stored there. But sometimes saving at the bank also backfires. There are banks that go bankrupt and cause our money to be lost. So saving money in the bank should also be careful. We must choose a good and trusted bank.

Bank is somehow safe depends on how you see it and what kind of financial knowledge you have but there are many bank restrictions that can make us feel unsafe with out money. One example is this is the strict requirements to withdraw a big amount of funds. I've experienced it and it put me in a ver hassle spot in passing the requirements and the bank almost won't make me withdraw my own money. There are also issues like bankruptcy which is common these days. Goverment want to make us think that banks are super safe but actually there are things that people should consider in putting money in banks. Today, almost half of my assets is in crypto snd some are in physical assets and only a little on the bank. I won't take a very hassle scenario again with banks. Also, I don't trust banks.

[|MINER|]

Bank is somehow safe depends on how you see it and what kind of financial knowledge you have but there are many bank restrictions that can make us feel unsafe with out money. One example is this is the strict requirements to withdraw a big amount of funds. I've experienced it and it put me in a ver hassle spot in passing the requirements and the bank almost won't make me withdraw my own money. There are also issues like bankruptcy which is common these days. Goverment want to make us think that banks are super safe but actually there are things that people should consider in putting money in banks. Today, almost half of my assets is in crypto snd some are in physical assets and only a little on the bank. I won't take a very hassle scenario again with banks. Also, I don't trust banks.

What you mentioned is actually correct that some time banks have take away our financial independence. In this case, you can put the bank withdrawal restriction in it. Even then I think we should take it in a positive way because some time if your bank account was hacked or access by some else then Then the person will not be able to withdraw large amount of money due to those processes and I think it is good for the security of the account holder. That doesn't mean I'm telling you to just keep your money in the bank I also agree that the we should far away from those banks system to secure ours assets .

[cute nmp]

Yes, keeping money in a bank is generally safe cause they are regulated by government authorities and have measures in place to protect your deposits. Banks provide more security, insurance, and safeguards against theft or loss, making it a reliable place to keep your money unlike most places.

[Bolivar_Tony]

To avoid the risks of losing your funds, you should find a reliable crypto exchange that provides high security and trustworthiness. And that should be FMCPAY Exchange.

Why FMCPAY is a safe place to store your funds?

FMCPAY Exchange takes security seriously and has put in place a number of safeguards to protect your payments and personal information:

• Two-factor authentication
• KYC
• Email verification

As the most trusted platform for cryptocurrency exchange by digital securities registered in the USA, FMCPAY can ensure your assets will be protected whenever you invest in this exchange.

You're give a misleading information that will trick any newbie who doesn't understand about centralized exchange, they will think it's secure enough to store their coins on centralized exchange rather than on non custodial wallet.

Centralized exchange is worse than bank because there's no insurance company will back up every single customers' coins and it's vulnerable getting hack or going bankrupt like banks.

2FA, KYC and email verification has nothing to do with your coins security, it's just to secure your account. I advice you to correct it and act accordingly.

I agree with you on that, centralised exchanges is no different from bank, even banks is more secured because they are backed by the country authorises and central bank of the country, if anything happens to your money, they can hold the banks accountable unlike centralised exchanges that can disappear

[timoshani]

in my country so far it is still safe, but we see the case of the American bank SVB experiencing bankruptcy which is considered safe, not necessarily safe. We also have to be careful not to keep our assets in one place, stay safe.

in my opinion there is no safe place to keep our money, it's just that the risks are different, so if you keep your money in a bank it's not safe but the risk is very small for your money to be lost compared to investing in cryptocurrency, but your money can't increase if you save money in the bank (bank interest is lower than inflation), so I agree with you if we should not keep our money in just one place.

Banks were created to save money but why do you say it's not safe?.
I myself have also kept my money in the bank for years and it's been safe, I can't imagine how insecure it is? .
I know for sure you know a good bank in your country, and there must be a lot of customers do they complain about insecurity?.

Everything related to cash savings at all times is associated with risks. Even now, there is no one hundred percent guarantee of preservation. According to the banking system, of course, Swiss is internationally recognized. But here, too, there may be different nuances. For example, sanctions. Even on a crypto wallet with cold storage, and that is the likelihood of theft.

[JeffBrad12]

Keeping money in the bank is arguably safe. Banks can guarantee the safety of our money stored there. But sometimes saving at the bank also backfires. There are banks that go bankrupt and cause our money to be lost. So saving money in the bank should also be careful. We must choose a good and trusted bank.

Bank is somehow safe depends on how you see it and what kind of financial knowledge you have but there are many bank restrictions that can make us feel unsafe with out money. One example is this is the strict requirements to withdraw a big amount of funds. I've experienced it and it put me in a ver hassle spot in passing the requirements and the bank almost won't make me withdraw my own money. There are also issues like bankruptcy which is common these days. Goverment want to make us think that banks are super safe but actually there are things that people should consider in putting money in banks. Today, almost half of my assets is in crypto snd some are in physical assets and only a little on the bank. I won't take a very hassle scenario again with banks. Also, I don't trust banks.

some of your points are true, but honestly it's all come down again with the diversification of an asset, just diversify in many investment instruments like real estate, gold and many more and you'll be set.
there's certainly reason why so many rich people are preferring to have some unliquidated asset like in stocks and many more, because that way they don't create single point failure where if their investment suddenly gone they didn't go homeless.
even though sometimes bank could become bankrupt, at least government helps them to keep standing, that's have occurred quite frequently and it gives chance for the bank clients to withdraw their money at the meantime to save themselves from the bankruptcy which is quite good enough honestly.

[waONE]

in my country so far it is still safe, but we see the case of the American bank SVB experiencing bankruptcy which is considered safe, not necessarily safe. We also have to be careful not to keep our assets in one place, stay safe.

in my opinion there is no safe place to keep our money, it's just that the risks are different, so if you keep your money in a bank it's not safe but the risk is very small for your money to be lost compared to investing in cryptocurrency, but your money can't increase if you save money in the bank (bank interest is lower than inflation), so I agree with you if we should not keep our money in just one place.

Banks were created to save money but why do you say it's not safe?.
I myself have also kept my money in the bank for years and it's been safe, I can't imagine how insecure it is? .
I know for sure you know a good bank in your country, and there must be a lot of customers do they complain about insecurity?.

Everything related to cash savings at all times is associated with risks. Even now, there is no one hundred percent guarantee of preservation. According to the banking system, of course, Swiss is internationally recognized. But here, too, there may be different nuances. For example, sanctions. Even on a crypto wallet with cold storage, and that is the likelihood of theft.

I think we don't need to worry about the safety of our money in the bank, if we use the bank account safely then of course your money will also be safe,
it's usually our own fault, for example maybe when you go and your wallet falls and then your bank card it was taken by someone and you didn't realize it,
or maybe you saved it in myetherwallet and your private key you accidentally shared with other people. yes that's why everything to ourselves.

[bettercrypto]

Putting money in the bank depends on the trust of each person, others put money in the bank because of course they have confidence and think it is safer. But if a country is going through severe inflation, I just think it's a bit hesitant to put money in the bank.

Because we know that when inflation is high, many banks close because of that, and in our current time, I would prefer to convert my money to bitcoin because I'm sure I will benefit a lot after a few years, as long as you know if what you do with Bitcoin you believe.

[Slow death]

To avoid the risks of losing your funds, you should find a reliable crypto exchange that provides high security and trustworthiness. And that should be FMCPAY Exchange.

Why FMCPAY is a safe place to store your funds?

FMCPAY Exchange takes security seriously and has put in place a number of safeguards to protect your payments and personal information:

• Two-factor authentication
• KYC
• Email verification

As the most trusted platform for cryptocurrency exchange by digital securities registered in the USA, FMCPAY can ensure your assets will be protected whenever you invest in this exchange.

You're give a misleading information that will trick any newbie who doesn't understand about centralized exchange, they will think it's secure enough to store their coins on centralized exchange rather than on non custodial wallet.

Centralized exchange is worse than bank because there's no insurance company will back up every single customers' coins and it's vulnerable getting hack or going bankrupt like banks.

2FA, KYC and email verification has nothing to do with your coins security, it's just to secure your account. I advice you to correct it and act accordingly.

I agree with you on that, centralised exchanges is no different from bank, even banks is more secured because they are backed by the country authorises and central bank of the country, if anything happens to your money, they can hold the banks accountable unlike centralised exchanges that can disappear

OP created this thread to promote his exchange which has this name: FMCPAY_GLOBAL, he has an ann thread here on the forum and instead of adopting the more orthodox means of advertising that has been used on this forum, which are subscription campaigns, he stays creating threads of this type with the intention of capturing people's attention, he knows very well that banks are 10000x better and safer than exchanges, it doesn't even make sense to compare a bank with an exchange, just look that a bank has a license, and constantly supervised by the central bank, a bank has physical headquarters where people can go to complain, when the person dies and there is money in the bank, the bank manager calls the relative or the relatives can withdraw all the money from the bank

Now what's on the exchanges? anything! exchange owners are anonymous people in most cases, exchanges do not have physical headquarters, exchanges do not have a license, exchanges are not supervised, exchanges are most often targets of hackers, if a person dies while he has the money on the exchange, no other relative will know that this person had money on the exchange, so the money will be lost on the exchange, so on the exchange, the only advantage you have is just trading, there is no other advantage. and even then, it is recommended that people who do day trades withdraw their money at the end of each trade

[petulino]

Keeping money in the bank is arguably safe. Banks can guarantee the safety of our money stored there. But sometimes saving at the bank also backfires. There are banks that go bankrupt and cause our money to be lost. So saving money in the bank should also be careful. We must choose a good and trusted bank.

Of course people keep a lot of money inside the bank just thinking that their capital is completely safe in the bank. Banks keep going bankrupt. In the region where we live, there is more fear of bankruptcy of our country than the bank. The money lying in the bank can be confiscated by the government at any time, and you may face difficulties in withdrawing your money. In the region we live in, our economy is declining day by day due to which the money lying in the bank is getting devalued.

My own opinion is that most of your capital should be invested in Bitcoin, but keep in mind that you should invest in Bitcoin that you may not need in the near future. This capital will be under your control and you can cash it whenever you want, wherever you want.

[doomloop]

Yes, keeping money in a bank is generally safe cause they are regulated by government authorities and have measures in place to protect your deposits. Banks provide more security, insurance, and safeguards against theft or loss, making it a reliable place to keep your money unlike most places.

What if the bank you are keeping your money with goes bankrupt? Now we can't say that it is not possible because we have seen that happening and when that happens, almost everyone who had their money stored in the bank will get nothing bank if they can't manage to stand up on their feet once again after getting bankrupt, in such a scenario, someone will surely say that banks aren't good stores for your wealth.

Yes, I do understand that there aren't a lot of possibilities for that to happen and your money is generally safe with the bank and is insured if something bad happens like a robbery or a natural disaster like a fire that burns away the money they keep, but there is basically also some risks in keeping your money with a bank.

[Lantind]

in my opinion there is no safe place to keep our money, it's just that the risks are different, so if you keep your money in a bank it's not safe but the risk is very small for your money to be lost compared to investing in cryptocurrency, but your money can't increase if you save money in the bank (bank interest is lower than inflation), so I agree with you if we should not keep our money in just one place.

Actually there is nothing too dangerous when we want to save money in the bank, because so far we think there is no risk that is too big where our savings will be lost, we can say that now the bank is still used as a place to store money because most people save their assets here. and to be honest, those of us who save in Cryptocurrency keep on depositing funds at the bank.

[mdzahed134]

Personally, i don’t feel 100% secured to keep my money in the banks because you know bank also can be bankrupt, so that i can't believe it. Even i faced some issues in my country banks, i can't cash my money on time. But i think there are no 100% safe way to keep money in online or offline.