Do you still use Banks ?

[zaim7413]

Yes, a small part of the money I have is still stored in the bank. I own Bitcoin and also keep money in the bank, I don't see a competition between the two and the purpose of Bitcoin is not to compete with any institution. The role of the Bank is also still important to facilitate the local transactions that I carry out, I can also use the money stored in the Bank for my daily needs.

When I go out of town or am in a place where I don't need to carry large amounts of cash, I can withdraw money from the bank as needed. This option is clearly very profitable for me personally, the money saved in the bank means I don't have to sell Bitcoin for small purposes.

[Charmekkd]

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

For daily transactions, I personally use mostly fiat money, you could even say the majority. Because if I use cryptocurrency for everyday transactions, I don't think I can do that. Because there are several reasons that hinder it, such as crypto places or services that are not widely used in my area.

As far as I can remember, there has never been an incident where I was hacked. Be it from banks or crypto systems.

No, I don't think so. For me, banks still have very good benefits and uses in the financial system. Even though there are some things that I think are not good, they can still be considered normal.

[Kaliandra]

I am a person who invests in crypto and I make crypto as a side business, of course I always use banks because honestly I need banks, like sending money and so on and in my country the government prohibits people from using crypto as a means of payment. but it doesn't prohibit people from investing in crypto and honestly I still like using fiat money because if I use crypto I think it's more difficult because in my country not everyone knows about bitcoin and crypto. Personally, I choose banks and crypto because I think banks and crypto must coexist and I think crypto is very risky as well as banks which of course contain risks. so I chose both, namely banks with crypto.

and I'm sure many members of this forum use banks, as long as they use fiat currency as a means of payment in their country. and in my opinion bitcoin is a tool to make our economy more advanced, and the bank's job is to maintain the security of our money stored in the bank, whereas crypto has a very high risk because the price fluctuates and is difficult to predict. and in this case of course we also have to look for a good and quality bank.

[philipma1957]

We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it

not sure what country you are in.

But I seamlessly use btc,doge,ltc and banks and checking and credit cards.

I also don’t trust any of them which is why I use all of them.

[NewRanger]

I am a person who invests in crypto and I make crypto as a side business, of course I always use banks because honestly I need banks, like sending money and so on and in my country the government prohibits people from using crypto as a means of payment. but it doesn't prohibit people from investing in crypto and honestly I still like using fiat money because if I use crypto I think it's more difficult because in my country not everyone knows about bitcoin and crypto.

Yes. Of course, your country has regulations by issuing special laws regarding this matter and I am also sure that the government itself will see how extraordinary the level of crypto asset transaction value is. The hope is that in the future, not only your country, but other countries will also open themselves to the development of blockchain technology and become leaders in blockchain development.

[lienfaye]

We have cryptocurrency you still use Banks ?

I still use bank but I don't save huge amount in my account. I have an atm for urgent matter, that's why I still save but a big portion of my assets are in crypto particularly in Bitcoin.

Do you think banks not working reliable any more ?

Many people trust bank. Though I don't have bad experience (fortunately), I can say it's still reliable to store your money in crypto rather than letting it sleep in bank with very low annual interest. I'm using bank for convenience that's why i'm not completely closing doors even there are already alternative. When it comes to investment, I still prefer Bitcoin and other established crypto.

[cafter]

I have investments in crypto mostly in bitcoin for store of value not for transacting to buy regular goods which is not possible in majority of stores or platforms.
I still use banks it's more convenient to transfer instantly in seconds, and everyone accepts it. if any fraudulent transaction happens then before transacting that amount first i will receive a call from bank to confirm it.
while banks continue to play a crucial role, the significance of crypto cannot be overlooked. It is also vital for banks to integrate crypto services or create rules and guidelines to keep up with the changing money world.





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[Patrol69]

Few people who are involved in crypto currency use bank but some local transactions require us to use bank. We understand very well that investing money in Bitcoin is much better than saving money in the bank so we may consider investing in the bank as the best choice. Those who had bitcoins and sold bitcoins to bank money may now realize that selling bitcoins to bank money was the wrong decision for them. By keeping money in the bank, not only will we miss out on our investment in Bitcoin, but we will also have the possibility of losing our money if the bank goes bankrupt. Crypto users might refrain from keeping money in the bank because of all these considerations.

[Sebas.tian]

Yes, since Bitcoin and cryptocurrency is not legal tender in my country, i use bank for local transfer to enable me to pay  for the goods and services they render to me which I need to pay in local fiat to avoid police case in the country. Whenever the price of Bitcoin is low in the market which is the best time for those that have money in their bank to use the opportunity to buy Bitcoin and hold for a long time before they will sell to make income and save the money in their bank account for future purpose. Cryptocurrency and bank are very important to me, and if you are using the two nothing wrong about that but ensure you invest your money in cryptocurrency than bank because you will not make any income from bank when you save your money there.

[AicecreaME]

Nope.

Saving in banks is a waste of opportunities to make profit with your money, and a lot of inside jobs always happens, like some random amount from your account will be deducted out of nowhere and you don't even know who accessed it without even asking for your confirmation and like security code. Worst thing is that they would not even compensate it, just a not sincere apologize because their system was hacked or something else just for an excuse.

[NeilLostBitCoin]

We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it

Although I have more trust in Bitcoin than banks, I still prefer to use banks to cash out my earnings in Bitcoin. I choose to convert my Bitcoin earnings into fiat currency through a bank to make it easier to access and use for day-to-day expenses. They may be old, but they are still necessary for me to withdraw my earnings.

I use cryptocurrency for online transactions but switch to traditional methods when necessary since not all transactions accept crypto payments.
I have experienced security issues with cryptocurrency in the past, but now I feel safer using a hardware wallet.
Banks are still functioning well, however, I don't trust them enough to keep my money with them.

I haven't taught my family how to use cryptocurrency yet. Some of them are old and might face difficulties in using it. Moreover, if they make any mistakes while using it, they might hold me responsible for it.

[slapper]

I am a person who invests in crypto and I make crypto as a side business, of course I always use banks because honestly I need banks, like sending money and so on and in my country the government prohibits people from using crypto as a means of payment. but it doesn't prohibit people from investing in crypto and honestly I still like using fiat money because if I use crypto I think it's more difficult because in my country not everyone knows about bitcoin and crypto. Personally, I choose banks and crypto because I think banks and crypto must coexist and I think crypto is very risky as well as banks which of course contain risks. so I chose both, namely banks with crypto.

and I'm sure many members of this forum use banks, as long as they use fiat currency as a means of payment in their country. and in my opinion bitcoin is a tool to make our economy more advanced, and the bank's job is to maintain the security of our money stored in the bank, whereas crypto has a very high risk because the price fluctuates and is difficult to predict. and in this case of course we also have to look for a good and quality bank.

You're embracing the possibilities of cryptocurrencies while utilising the steadiness of banks. So why not tip the odds in favour of cryptocurrency? You bring up the significant risk; true, the cryptocurrency markets are erratic, but isn't that also where the excitement and big profit potential reside? We are discussing a cutting-edge technology that completely rethinks money! Bitcoin is a declaration of financial independence, not just a money. People like you who adopt cryptocurrency early are trailblazers in nations where it isn't yet broadly accepted. Just think of the impact when more people accept and comprehend it

Regarding banks, while they are essential, don't they seem to be lagging behind technological advancements? Cryptocurrency democratises finance and is quick and international. Banks manage our money in addition to protecting it. You are in control when using Bitcoin. Furthermore, blockchain technology represents a new method of capturing, processing, and storing information; it is not simply about banking. It's safe and transparent. You are, in a sense, selecting not only banks and cryptocurrency, but also the present and the future. Why not take a slightly more forward-looking stance, where your position will include both investing and visionary work?

[SmartCharpa]

We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it

What did you think to do in the country where cryptocurrencies are illegal? I can't just stop using banks because I still operate them and they are still important to me, banks save us day by day after all. How will you manage if you come from a country where people do not accept or believe in cryptocurrencies? You have no choice to continue using banks since, in my opinion, there is nothing wrong with doing so. In fact, banks in my country are still operating normally, with the exception of the fact that you do not have any money in your account. You will only be implicated if you choose to use cryptocurrencies as a form of payment.

We hold cryptocurrency as an investment rather than for daily use. When I need money, I can sell some because banks are still working good in my country. I believe that your country is safe, which is why you are teaching your family to use cryptocurrency as a form of payment. In most other countries, this is highly dangerous, and people in my country may believe that they are going to scam them, if we try to use crypto as payment. The fact that the bank won't give me a loan doesn't mean I can quit using them.

[Sanugarid]

We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it

Yes, I still use the bank, this is what I use for my daily needs. Because there is cryptocurrency, you don't need to use a bank. Why do you need to compare the two when you can use both. I think people will never lose the use of the bank because apart from being used to it, it is also easier to get money and buy online or offline here.

[adzino]

We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it

Of course almost everyone still uses bank even though there are crypto currencies. We can't stop using banks anytime soon. Maybe not in the next few decades. Most places and merchants all around the work still uses fiat currency. Very few shops or services right now accept crypto currencies. Even if they do accept cryptos, they instantly converts it to fiat currency so that the volatility doesn't affect their business. We aren't yet ready to completely shift from bank/fiat currencies to crypto currencies. That would be a huge change.

-snip-
Im using only cryptocurrency debit cards and they always work better than bank.
-snip-

So you aren't actually using crypto currencies. You are still using fiat currency to make transactions. And how does your "debit card" works better than the bank? The card you are using is still the same card a bank would provide you with.

[Apocollapse]

Which country you live @OP? only El Salvador was accepting Bitcoin as legal tender, I have not yet other country is accepting cryptocurrency as legal tender.

I don't believe you're use crypto debit cards to pay your daily needs, crypto isn't yet widely accepted anywhere. People do hold cryptocurrency, but just an investment, not become a currency.

[kingvirtus09]

It's not that I don't trust the bank, but I haven't used a bank for several years, and I don't have a bank account there either. Most of the time, I have e-wallet accounts here locally in our country.

Ever since I did crypto trading online, though, I tried to open an account at the bank, but when it was time, they didn't accept my crypto trading so that I could be approved for opening an account with them. Because they want me to have a permanent job or any legal business.

[rat03gopoh]

Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?

• I use cash more than bank transfer, I shop more offline.
• So far no, I have never been hacked or stolen. They're fine.
• They work on their portions, I don't mind using a bank as long as it gives me more efficiency.

[mich]

Yes even with my crypto I still must use the banks to live. I must pay off my bills and my rent and I can not do this with crypto so of course I need to use the bank.

I think there will always be a need for us investors to use banks. There is not going to be a time I can think of where crypto will take over the need for the banking system.

[DeathAngel]

I am as deep in Bitcoin as I can comfortably be but I still have bank accounts of course. I love Bitcoin, it’s done so much for me, the banking system is broken but I still have bank accounts & I don’t see that changing for quite a while.