You can use Bitcoin as your savings account.

[SuperBitMan]

Bitcoin is one of the best investment right now in the world and a lot of people has started investing into it by Accumulating and holding them.
We all know that Bitcoin is highly volatile in nature that means it's price can drop at any point in time and can also rise at anytime so one can still use it as our savings account but it is advised that the money you are saving should be money you won't be using for the next 5 years upward, when you save your money like that in Bitcoin it will increase when you want to withdraw it because there's a very high chance of Bitcoin increase in price after holding for about 5 years upward.
Is best you put your life savings in Bitcoin than bank because Bitcoin is more safe and better.
We have seen cases were banks were hacked, that has not happened in Bitcoin.
Recently the Central Bank of Nigeria revoked Heritage Bank's operating license, effectively closing the institution and placing depositors at the mercy of the Nigeria Deposit Insurance Corporation this means those who saved there money there may not receive all there capital or if they will receive not at once, the former Big Brother Ninja winner Mercy Eke talked about her regret saving with heritage Bank because of there issues and she said the money that was there was the money she won from the show which is 60 million naira in 2019 and she said she has not touched the money since she started saving it with heritage Bank just imagine she saved the money with Bitcoin that 2019 she would have made good profit and it would have been well secured for her till date.

[Hatchy]

Just known that whatever means you choose to save you money with, it should be well secured. We have heard of many Bitcoin wallets hack here on the forum. But just because we haven't seen one and don't pray for such, doesn't mean its not possible with Bitcoin. Make sure to keep your keys safe and away from the reach of others and the internet. Again. You can diversify your savings into two.nits even better that way so if one goes wrong, you can have something to fall back on. If you choose banks in Nigeria for savings then make sure you use those standard banks that have big branchs and head offices here in the country.. if it's crypto then keep your keys safe. Just remember anything if possible when it comes to hacking or losing of funds. But that's not our portion..

[AVE5]

Is best you put your life savings in Bitcoin than bank because Bitcoin is more safe and better.

Having your future savings in the bitcoin is a big choice with its potentials that it'd yield profits in a long run unlike the banks where you'd get charged for banking maintenances on regular basis and instead of your funds to increase in values it's depreciating in the affections of taxes and inflations.

We have seen cases were banks were hacked, that has not happened in Bitcoin.

If spade being called spade, bitcoin isn't exemptional from being hacked to it's okay being transparent about it so that it could oblige beginners to be concious with their private keys because hackers would always keep roaming about for invasion and steal your bitcoin.
It has happened to many bitcoin users and still having due to carelessness and lack of knowledge to fallen victims to the scammers.

Recently the Central Bank of Nigeria revoked Heritage Bank's operating license, effectively closing the institution and placing depositors at the mercy of the Nigeria Deposit Insurance Corporation this means those who saved there money there may not receive all there capital or if they will receive not at once,

This can't be applicable to bitcoin. Let's take for the case of Changpeng Zhao (CZ) who's currently facing legal money laundering cases and while him and the binance exchange is ongoing facing the consequences, it never affected users of the platform and up to date Crypto users are still reliable of the exchange.
My intake is that we should embrace decentralization for it's the way forward to financial freedom and breaking out of poverty.

[Salahmu]

Is best you put your life savings in Bitcoin than bank because Bitcoin is more safe and better.

Having your future savings in the bitcoin is a big choice with its potentials that it'd yield profits in a long run unlike the banks where you'd get charged for banking maintenances on regular basis and instead of your funds to increase in values it's depreciating in the affections of taxes and inflations.

Investing in Bitcoin is a very good thing to do but don't you think that putting all your life saving in Bitcoin actually look somehow? because indirectly that type of investment imply that Bitcoin is going to be the only thing you will do till you get old and also it means that all the things or the plans you have physically will come from what you will get from Bitcoin, though there is nothing wrong in putting a major funds on your Bitcoin investment but I no go tell you make you carry your every every go put for Bitcoin.

For me I'm a lover of Bitcoin holding but since I normally use strategy on my investment I do not put everything I have on it but instead i only do it small small and because of that means way I they take invest e go make me to they run my matter for other things, so e go make better sense when person get plenty Bitcoin way you done accumulate and still they alright base on say better physical money they for you so that you no go they reason only your Bitcoin.

[Marvelockg]

Using Bitcoin as a saving account is very good and feasible. It's far better than saving your money in the regular banks for so many reasons. The advantage is that  you're not afraid that the banks might fold up or that government policies might affect the bank like what happens with the BBN winners case. You're also certain that you're likely going to be at a better profit that far exceed whatever rate any Nigerian bank would want to offer you which are all advantages that far suppases saving your money in any financial institution.

If spade being called spade, bitcoin isn't exemptional from being hacked to it's okay being transparent about it so that it could oblige beginners to be concious with their private keys because hackers would always keep roaming about for invasion and steal your bitcoin.
It has happened to many bitcoin users and still having due to carelessness and lack of knowledge to fallen victims to the scammers.

almost all the issues of hacks and cyber threats that's associated with Bitcoin is also associated with the fiat and the centralized banking system. Apart from hackers getting access to your private keys or compromising your device and getting to steal your crypto, have you hard cases like the normal phone calls you get from random guys who request for your ATM card numbers and them steal your money you've saved up in the bank?

We all know that Bitcoin isn't perfect but as long as you're saving your coin in an offline wallet and you don't allow your keys to get missing, you are certainly less exposed to risk than what's obtainable with saving in banks where even the bankers are potential source of threat to your safety and that of your funds.

[Coyster]

If you dey buy bitcoin, i no go call am savings, na investment and if you get the knowledge to keep am away from scammers, then you go fit make profit from am in the long run.

Is best you put your life savings in Bitcoin than bank because Bitcoin is more safe and better.

I no go advise person make him put their life savings into one investment only, you suppose diversify into different investments. E make sense to also keep a small amount of money in your bank account, money wey you go use dey do monthly spending, but no keep more than that for your bank account.

We have seen cases were banks were hacked, that has not happened in Bitcoin.

The bitcoin network cannot be hacked per se, but so many people don lose bitcoin wey dem keep for their wallet because dem no too get knowledge on how to secure their coins. Banks fit fail, though it is a rare occurrence, but money wey dey for bank dey insured too.