Do you still use Banks ?

[bitterguy28]

It is given mate that you are asking in bitcointalk forum in which majority are bitcoin supporters how could you expect someone to accept using banks more than bitcoin?

but let us accept the reality that there are still many of use that is using banks for deposit or cashing out as there are countries that has strict regulation about crypto.

but I am not using banks to store my funds or to cash out , but never that I will leave my money on them as i trust bitcoin(and some altcoins) not to banks.

[BitcoinTurk]

Yes, we can say that using the banking system is mandatory for almost every individual in today's conditions. Unfortunately, in order to make payments especially for businesses located in a different country, it is necessary to use a payment method within the banking system because cryptocurrencies or a similar payment method aren’t yet officially accepted by the governments and the only way to make these payments is to use the banking systems. On the other hand, as an employee of a commercial company, I use my IBANN number provided by my bank and accepted by my company to receive my salary every month.

In other words, I can easily predict that I continue to use banks nowadays and will continue to do so for a while as they haven’t yet lost their importance in our daily lives, are used all over the world and are legally accepted by all the governments of the world.

[Uruhara]

I still use the bank for several purposes in my work. But not to save my assets. But only for work needs. Because in my country almost all companies will pay their employees at the end of every month by transferring it directly to the bank account numbers of all company employees. And that's why Bank is still needed for me now.

But I always move part of my salary to crypto assets and withdraw part of it and save part of it in an account for my needs for one month. I personally still trust banks if it's just for daily transactions or the like. But I don't do it to save anymore. Because currently I also prefer to hold bitcoin and several altcoins to use as investment and trading capital occasionally.

And actually here it is difficult to avoid the bank system because all shops and others accept payments by credit or bank debit cards. Well it's still quite practical and I don't hate it. I personally prefer everything to go together. Both centralization and decentralization. Everyone can choose freely where they will use it more often.

[EarnOnVictor]

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

Your questions are so many, well, let me summarize them as much as I can. We have to be careful about laying too much trust in cryptocurrency, what if it eventually goes, especially if the government had a total crackdown on it? Did I hear you say it's not possible? My friend, it's very possible and if the centralized exchange has been destroyed in addition, people will be afraid to deal with the decentralized arrangements which will almost kill cryptocurrency as a whole. Also, you might have been taking it too far by not having any money in the bank again, fine, cryptocurrency is very good for you but always try to think of the situation where it might seize entirely or a bad thing happens. You might be left with nothing in your approach. Even the credit card companies you deal with still use banks, so be wise.

You can stash your money on other investments too, it must not have to be cryptocurrency only if you are wise, it might be a bitter experience when you get to realize this. Crypto should only be smartly invested in, nothing more, and when you invest in it, do not be an extremist who will act like those who will "put their eggs in one basket" due to current happenings and believe, anything can change unexpectedly. Even if it's for hacking alone, you should be careful in this regard. That alone could fail your crypto plan.

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 ?

1. I use more of banks in this regard, I primarily invest and trade crypto.
2. Of course, hacking and theft should be the concern of everyone holding money online, which is why it's good to have several wallets in case of an account compromise.
3. There is nothing wrong with banks, no one can do without them, can you? And you can't spend your crypto in most places. It's just that banks cheat people overall with the sharing of the money kept with them and are not encouraged for business. But this shouldn't stop us from being smart investors.

[bluebit25]

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

It may sound like a good idea to spread knowledge, but something's shortcomings are not the reason a new product exists. We are in a transitional period of awareness about many things in life, including the financial system. You can answer for yourself, if not through the bank, where do you get the money to use it?

I don't want to separate which thing is better, because life today is not about winning or losing to see which thing is better. Instead, every product that is born is received and used in a way appropriate to life's context. Maybe people who know about crypto believe in it or simply look for profit opportunities to get back to living, but we still cannot separate centralized or decentralized finance.

[Cryptmuster]

I still use the bank for several purposes in my work. But not to save my assets. But only for work needs. Because in my country almost all companies will pay their employees at the end of every month by transferring it directly to the bank account numbers of all company employees. And that's why Bank is still needed for me now.

But I always move part of my salary to crypto assets and withdraw part of it and save part of it in an account for my needs for one month. I personally still trust banks if it's just for daily transactions or the like. But I don't do it to save anymore. Because currently I also prefer to hold bitcoin and several altcoins to use as investment and trading capital occasionally.

And actually here it is difficult to avoid the bank system because all shops and others accept payments by credit or bank debit cards. Well it's still quite practical and I don't hate it. I personally prefer everything to go together. Both centralization and decentralization. Everyone can choose freely where they will use it more often.

I've managed without banks for a long time, but it's hard to avoid all the time, at some point you will need to keep some small money in the bank for the most necessary expenses. And if something happens to this money, it will not affect you in any way. You can completely do without banks, I tested this on myself, but it is not always convenient, online payments still create convenience in some cases, which can save us time.

[Iroh]

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.

If at certain times, your money gets deducted from your account and no one can give you a refund nor a reasonable explanation on what happened, I don’t know what banking services you do use, I do know you need to change your bank.
Saving your money in the bank is not necessarily a waste. It’s being kept safely for you although overtime, the value decreases as inflation in the economy continues to bite harder.

Perhaps you would prefer having your money with you at home and open to theft and other unforeseen disasters since it’s a waste of opportunities keeping them in the bank.

[Uruhara]

I still use the bank for several purposes in my work. But not to save my assets. But only for work needs. Because in my country almost all companies will pay their employees at the end of every month by transferring it directly to the bank account numbers of all company employees. And that's why Bank is still needed for me now.

But I always move part of my salary to crypto assets and withdraw part of it and save part of it in an account for my needs for one month. I personally still trust banks if it's just for daily transactions or the like. But I don't do it to save anymore. Because currently I also prefer to hold bitcoin and several altcoins to use as investment and trading capital occasionally.

And actually here it is difficult to avoid the bank system because all shops and others accept payments by credit or bank debit cards. Well it's still quite practical and I don't hate it. I personally prefer everything to go together. Both centralization and decentralization. Everyone can choose freely where they will use it more often.

I've managed without banks for a long time, but it's hard to avoid all the time, at some point you will need to keep some small money in the bank for the most necessary expenses. And if something happens to this money, it will not affect you in any way. You can completely do without banks, I tested this on myself, but it is not always convenient, online payments still create convenience in some cases, which can save us time.

In my condition I can't even avoid the Bank. And I even appreciate those of you who can live without banks. Maybe I would be able to do it if I already had my own business. Because currently I have to use the bank to receive my salary from the company. I am also preparing to open a personal business. But in some conditions I still can't stop working in my current field. Because I really want to have greater capital preparation when I start my own business.

And as you said, currently many online payments have become practical with the use of banks. But the convenience is only limited to that.

[naira]

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

The reality is, you and your family can't avoid the bank. Despite teaching them about crypto, how will they pay their electricity bills, clean water, buy food, clothes, etc.? not all countries allow payments other than fiat. You ask the silly question of choosing between trusting Banks more or trusting BTC more? Both still play an important role, unless you live in a country where Bitcoin is legal.

I use Bitcoin and my wife uses a bank. However, for me, having a bank account doesn't hurt because in the end profits can only be disbursed through the state's official financial platform. Use the bank only as needed, we just need to be smart in using alternatives to meet our needs.

[G-aluminum]

Yes, Banking is one of the oldest means of savings, apart from money, you can also save your valuable things like gold, diamond, legal land document etc in the bank but you can not save them In cryptocurrency , in aspect of savings you can make use of cryptocurrency like bitcoin, teterer while for your local spending you use banking services

[virasisog]

As much as we want crypto in our daily transactions, we can't escape the fact that it's not viable just to utilize crypto for a lot of reasons.

*Not all establishment accepts cryptocurrency, not to mention not everyone is aware of it's existence.
*Most of our basic necessities and needs can be bought only by fiat.
*Cryptocurrency may be accepted in some countries, again but not all.
*We can use crypto as a store of value but we still convert it to fiat if we still convert it to fiat to be able to spend it in real life.

However, in terms of storing your money, or doing transactions I would say it's better to use cryptocurrency than bank. There's no need to mention as you are all aware the pros and cons of using crypto vs. banks.

[Gozie51]

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

You can't throw the baby away with the bath water. In your own case, has your bank scammed you? Do you have any issues with your bank then go through the right channel of complaint and get your challenges with them resolved. Interphasing is one of the advantages of using the bank.

No doubt it is controlled by the government and that cause the third party interference but as it stands now, the banks are still around and not going anywhere soon.

There are advantages using the banks as you know the charges are far lower than using bitcoin and you can get some credit support from bank if you provide your security. Banks is still the traditional viable means of financial services that the larger number of the people are still using and crypto is yet to get that status of legality and adoption.

[BRINIRHA]

I own and use crypto assets. I also invest in Bitcoin actively. But I also still use the bank. In fact, I use paid payment methods provided by various banks in my personal business. So I personally still use banks. I invested in Bitcoin and also have savings in the bank at the moment. But most of my assets are in real estate or property. Because I have more confidence in these investment instruments in terms of maintaining the security and growth of my assets. And I think we really can't avoid using banks nowadays. Because currently there are more and more businesses whose payments prioritize the use of bank payment systems. Even though I am proud to be an active part of crypto users, I still can't lie to myself that I still need a bank too. Because currently, the majority of my customers pay using the bank.

[angrybirdy]

Yes, Banking is one of the oldest means of savings, apart from money, you can also save your valuable things like gold, diamond, legal land document etc in the bank but you can not save them In cryptocurrency , in aspect of savings you can make use of cryptocurrency like bitcoin, teterer while for your local spending you use banking services

Same here! I'm still using banks, Actually I have multiple savings and credit account in banks because this is one of my essentials in our daily life.
Every transactions using the bank is beneficial for us, just like today's era that all of us are using payment via online bank transfer instead of cash, Even those small businesses, they way they give their employees salary are using debit card transfer instead of cash that's why it's hard to get rid of using the bank especially since everyone is used to it. When it comes to investment, I prefer bitcoin because it will be more worth it when it comes to returns.

[DabsPoorVersion]

In our country, we still often use banks as we need them in our daily lives. Bitcoin is not yet fully accepted in our country, I mean, not everyone is using it. Most people have been using online/local wallets for every transaction they make; fiat is still part of our daily life. Aside from that, there are only a few shops that accept Bitcoin in our country. Even if we wanted to use Bitcoin for payment or sending money, not everyone still accepts it as a currency.

[DrBeer]

2. Cryptocurrency transfers can certainly win, at least due to the relatively high speed and commission (and then not everywhere). But ... Until cryptocurrency has not become an official means of payment, your recipient, having received for example bitcoin, and wishing to dine in a restaurant, will be forced - yes yes yes yes, sells on the exchange, to withdraw to the card, because the restaurant accepts money ... The circle is closed...
2.1 The customer company in the EU has no legal grounds to pay me in cryptocurrency. And I do not want to use "gray schemes".

Still true to this day that we still have to sell to have cash to pay but I'd be more cautious to put more into banks than in stablecoins. There are still times that I have to send more to banks but will tend to withdraw them that day or the next because the reason to withdraw is to buy the stuff I need. Like storing food before the prices go up again.

True that banks are still useful, online services they provide are still reliable. But most of all, I prefer to keep my money in BTC for it's safer and more profitable to make money.

It goes without saying that risk diversification is a must in relation to one's assets. I divided all "monetary" assets into bank-card accounts (UAH and Euro), cash - UAH, dollars, cryptocurrency - bitcoin+altcoins. This realizes the minimization of risks both from problems with banks and with the volatility of cryptocurrencies. But as long as 99% of services I have to pay with fiat money and not cryptocurrency - banking services will be the most profitable and convenient for me.

[junder]

I still use the bank for several purposes in my work. But not to save my assets. But only for work needs. Because in my country almost all companies will pay their employees at the end of every month by transferring it directly to the bank account numbers of all company employees. And that's why Bank is still needed for me now.

But I always move part of my salary to crypto assets and withdraw part of it and save part of it in an account for my needs for one month. I personally still trust banks if it's just for daily transactions or the like. But I don't do it to save anymore. Because currently I also prefer to hold bitcoin and several altcoins to use as investment and trading capital occasionally.

And actually here it is difficult to avoid the bank system because all shops and others accept payments by credit or bank debit cards. Well it's still quite practical and I don't hate it. I personally prefer everything to go together. Both centralization and decentralization. Everyone can choose freely where they will use it more often.

I've managed without banks for a long time, but it's hard to avoid all the time, at some point you will need to keep some small money in the bank for the most necessary expenses. And if something happens to this money, it will not affect you in any way. You can completely do without banks, I tested this on myself, but it is not always convenient, online payments still create convenience in some cases, which can save us time.

In my condition I can't even avoid the Bank. And I even appreciate those of you who can live without banks. Maybe I would be able to do it if I already had my own business. Because currently I have to use the bank to receive my salary from the company. I am also preparing to open a personal business. But in some conditions I still can't stop working in my current field. Because I really want to have greater capital preparation when I start my own business.

And as you said, currently many online payments have become practical with the use of banks. But the convenience is only limited to that.

yes you are right, I am also like that, I use a bank to receive my monthly salary, because the company where I work tells its employees to have a bank as a monthly salary receipt, and I also have this bank account created by my company not by me making it myself. in my opinion living without having a bank account is not a problem, if we can still keep the money we have well and safely, but indeed if for someone who will or already has a business in my opinion they should have a bank account because with the current technological developments many things can be paid online of course this makes everything practical as you said it.

saving in the bank is also good, because the money we have will be safe there, even though every month there is a deduction for admin fees but that is not a problem in my opinion and it is a natural thing.

[DaNNy001]

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

Sometimes when I see post like this it makes me wonder how greatly as the advance of cryptocurrency affected or taken effect for them to complete ignore the use of banks because I feel banks are still very much important as Bitcoin or any other cryptocurrency has not chase out the use of fiat and even if this is sometime going to happen, I still think there is much time for the effective use of banks moreover banks and fiat work hand in hand inorder for achievement and aslo global adoption to occur. So many people buy crypto with their fiat currency and where do we get the fiat ? .

[Strongkored]

Do you use more crypto or banks for your daily or average transactions ?

I am quite sure that cryptocurrency holders still use banks more often for daily transactions, some factors make people still use banks more often than crypto, firstly, if you want to transfer money using cryptocurrency, the recipient must also understand crypto and we know more many people know banks compared to crypto, second crypto users, especially Bitcoin, may be reluctant to use their Bitcoin for transactions because the current fees are high or feel like they are losing out when there is a chance to get more money because the price of Bitcoin is rising, and other factors, so when someone saying that banks are useless maybe he is a desperate person, because banks cannot yet be replaced by crypto, and Bitcoin is considered more of an investment tool than a fiat because its value rises over a certain period

[safar1980]

I use different Banks to exchange cryptocurrencies for money, but I do not use their services, on which banks used to make good money. Today there is no point in even keeping your money in banks if you can use cryptocurrencies.