Bank account vs wallet !

[labonikhatun]

If the Fiat bank account is emptied by a fraudster, it will be under the full control of the bank officer and will be supervised by the police. The central government will try to get it out of control but in the case of crypto it is not possible. It is not under anyone's control, the owner himself. In that case, if lost, the chances of getting back are much lower.

[pelana vreo]

Hey guys, I have two questions:

1. If your current fiat bank account is emptied by a fraudster, what happens? How do you get your money  back?

You can report this to the bank and notify the bank that you are being cheated, bank members can freeze the bank account but there are several requirements that must be passed, because the bank also has complicated regulations, they will not provide information on the amount of money from the account a crook before you make a police report.

2.If your currency crypto wallet is emptied by a fraudster, what happens? How do you get your money  back?

😃

If the crypto wallet I have is an exchange wallet, then I will immediately contact Customer service, but if my funds are lost in my personal crypto wallet, then I will be silent because it is my fault, because it is very difficult to trace the address of a crypto wallet that does not have complete data such as banking

[Almasani]

1. If your current fiat bank account is emptied by a fraudster, what happens? How do you get your money  back?

If the Fiat Bank account is emptied by a fraudster, of course, we can report it to the bank.

2.If your currency crypto wallet is emptied by a fraudster, what happens? How do you get your money  back?

However, if the crypto wallet is emptied by scammers, we can contact support. Of course, the support team also cannot return our money, because the developer does not save the private key. And it is also difficult to ascertain the platform source of the wallet.
Therefore, every wallet platform developed by a particular team always gets a message to keep the private key safe.

[shadowdio]

1. Report it to the bank manager that you lost all your funds because of the fraudster they will take an action and there is possibility to recover your money.

2. That is impossible to recover, there is no person has the power to recover your cryptos and you can not trace them although you can trace the address but you can not trace where they withdraw or to convert Fiat.

[Thalassaya]

Bank accounts and crypto wallets are similar in nature to storing money and you can access to know your balance on many different devices and the risk only happens when you forget your password. password or lose your phone

[Naimah]

Bank accounts and crypto wallets are secured to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and service provider.

[vanjava]

maybe this is one of the weaknesses of a cryptocurrency wallet, namely if all our assets are taken by a fraudster then what we do is surrender, when this happens in your bank account you can report it to the bank.

[gunhell16]

Hey guys, I have two questions:

1. If your current fiat bank account is emptied by a fraudster, what happens? How do you get your money  back?

2.If your currency crypto wallet is emptied by a fraudster, what happens? How do you get your money  back?

😃

Fiat bank obviously was being categorized at centralized or regulated business in which means if you have a problem issues under their jurisdiction you can inform them about it then if they ignore your concern admit or accept to yourself that you lose your money, while in cryptocurrency once it's gone, that means it cannot be returned due to each transaction are always anonymous dude.

[LogiC]

For number 1. This is impossible if the fault comes from you, ofcourse banks will investigate on this case, whether you are being hacked on the inside cause if its your doing why you got hacked bank have no liability on that.

Same goes for number 2, 100% that if someone emptied your wallet, you will not get any refund especially the crypto is for decentralized approach.

[Rakin343]

Hey guys, I have two questions:

1. If your current fiat bank account is emptied by a fraudster, what happens? How do you get your money  back?

2.If your currency crypto wallet is emptied by a fraudster, what happens? How do you get your money  back?

😃

Both stages, recovery impossible.but banking system recovery pretty possible but in cryptocurrencies wallet hacking, recovery impossible.

[@chison]

I think Tracing your Fiat Bank account is easier than your cryptocurrency wallet. The initiations of transaction ID for tour fiat can lead to really persons account unlike cryptocurrency where the txID  can lead to anonymous 

[tinakoya]

A hacked fiat bank account can be traced by the bank itself hence your fund has 70% chance of being returned but with crypto wallet, if you're careless enough to leave your fund vulnerable then it's lost forever and no choice but to start all over again.

[bigcash2011]

There is not yet a clear way to catch a fraudster or hacker who stolen the coins out of your crypto wallet. Although some big exchanges and projects have tracked down and took some of their coins back but for common people it is not possible yet. For banks there are obviously ways to track the person or the bank will pay you.

[MrSpasybo]

With a bank account, the victim can appeal and wait for the adjudication of the court & the bank. Police can easily find transaction information from your account and find the identity of the thief.
With crypto wallets: no one will help you unless the value of the scam is huge. If a thief doesn't proceed to use or convert your crypto to fiat, it will be very difficult to find him. An IP address probably won't help much in this case.
Even in the recent 1400 BTC theft, the only solution is that Binance will blacklist the thief's account, and the police still can't do anything more.

[Rain075]

If the actual bank account is full of a lot of security, then I have a much better bank account. In this way people can deposit anything with a lot of faith. You will not face any person in a bank account if the bank is very good and strong. Wallet on the other hand it is done with your low security. It can lose anything right now at any time. You have no security. So from my wallet to bank account is much better.