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Cryptocurrency Trading / Re: The Good and Bad of Crypto Banking 🤔
« on: January 13, 2024, 01:23:17 PM »
Discussing the impact of major banks supporting crypto trading:
Pros:
More access and exposure to crypto assets.
Increased security and trust.
Encourages innovation and competition.
Cons:
Potential for more fees and restrictions.
Enhanced surveillance and control.
Increased dependency and risk.
It's a balance between convenience and freedom, security and privacy, innovation and stability. Diversifying by using banks for some needs while also maintaining assets in personal wallets or decentralized platforms offers the best of both worlds.
Pros:
More access and exposure to crypto assets.
Increased security and trust.
Encourages innovation and competition.
Cons:
Potential for more fees and restrictions.
Enhanced surveillance and control.
Increased dependency and risk.
It's a balance between convenience and freedom, security and privacy, innovation and stability. Diversifying by using banks for some needs while also maintaining assets in personal wallets or decentralized platforms offers the best of both worlds.