Bank account vs wallet !

[Hope4life]

If you lose money in the bank, the bank will of course help because it is their responsibility to safeguard customers' money. But if our money is lost or stolen in a crypto wallet? it's self-responsibility.

[Rivaldi Kunkun]

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?

😃

Question number one when our money is in our bank account and our money runs out of fraud. The first thing is to report to the bank so we can track down who has taken our money. If we had made a report to the police station. I think our money will also be hard to come back to, as long as these fraudsters don't get caught.

The second question of saving money in the form of Crypto assets does have a very big risk. And if our money or our crypto assets are lost, it's hard for our money to come back again and may never come back. All Crypto users are anonymous and we can't do much. My advice is to be careful with your assets and keep your keywords well and create them with words that are hard to memorize.

[Sharpmax]

A wallet is made to store cryptocurrencies and operate with them, that is, in a wallet we can operate with Bitcoin, Ethereum, Dash and as many cryptocurrencies.On the other hand, bank accounts only allow storing and operating fiat money, that is: euros, dollars, pesos, etc.

[Quantum X]

I think if it is lost then there's nothing you can do about it. Better to be very careful in your money because when it's gone from your account your chance of retrieving it is too low and the pressure is hard to handle.

[nelson4lov]

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?

😃

If my money in my back account get stolen by fraudsters, I can quickly ask for the banks assistance and recover it, since the banks are operating on a centralized system,there's a possibility that I might get it back, cis the money can be traced, but if it's in crypto, well I will just say goodbye to it, cus it's a decentralized system, there's no body I can report to, to get my crypto back, it's gone and gone forever. But still crypto wallets over bank accounts  .

[LaZim]

These are two different systems and you can find a fraudster everywhere. This alone may require a lot of effort. The Bank and the police are looking for Fiat money, and only you will be looking for cryptocurrency.

[comer]

I prefer for bank with all my money rather than converting to crypto and store it on wallets. bank is very safe and most reliable of all storage.

[Debasco]

When a fund is lost in a bank account it can still be trace to the account its been transfer to, as to the bank account that the money is been transfer to can be seen, but the information as to the wallet can be gotten, which can be gotten when its from a bank account.

[yetti]

When a fund is lost in a bank account it can still be trace to the account its been transfer to, as to the bank account that the money is been transfer to can be seen, but the information as to the wallet can be gotten, which can be gotten when its from a bank account.

indeed although it can track it, it is a national scale, but when I lost it on an international scale I was sure the bank account would not take care of it, while for security I think it is more to use a wallet that can be integrated with many servers.

[IvugeoEvolutionCoin]

When a fund is lost in a bank account it can still be trace to the account its been transfer to, as to the bank account that the money is been transfer to can be seen, but the information as to the wallet can be gotten, which can be gotten when its from a bank account.

indeed although it can track it, it is a national scale, but when I lost it on an international scale I was sure the bank account would not take care of it, while for security I think it is more to use a wallet that can be integrated with many servers.

unfortunately what you say is true because maybe it is better to use a cryptocurrency-based international wallet because so far only using such a wallet can be used anywhere without having to fear losing.

[Blaze]

When a fund is lost in a bank account it can still be trace to the account its been transfer to, as to the bank account that the money is been transfer to can be seen, but the information as to the wallet can be gotten, which can be gotten when its from a bank account.

I think it happens because bank accounts are not decentralized, meaning that not all servers in all countries have the data so that when you lose the data, you can't backup automatically.

[kent47400]

Fraud for credit card problems in banks is easy to detect because the bank's financial system is centralized, where transaction data is easy to trace because the bank's KYC is complete and centralized.
Fraud in cryptocurrency is very difficult to track down because the system is not centralized, even Bitcoin fraud since 2013 until now cannot be disclosed because the Bitcoin sending is included in the Mixer which can anonymize the Bitcoin recipient.

[Rubel007]

With your first question, i think the bank can help trace the person who emptied it but if your crypto wallet is emptied by a fraudster, i think that will be the end of your hard earned money since your wallet is owned and managed by only you

I agree with you. Absolutely right.

[Hometown]

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?

😃

Second question, I answer that get back cryptocurrency from hackers is impossible and no authority can responsible for hacking and fruad.

But 1st question answer that an authority responsible for fruad and hackers but getting money back is pretty possible.

[azmirihaque]

This is very important subject. When my money is lost from my bank account, bank is liable to back my money. Central bank takes sufficient security from Banks for subsidy in such case if needed. But if my crypto walltet is hacked and fund is stolen, I have no such strong security that exchange will ensure my stolen fund backed. But it may vary from exchange to exchange.