Is Bitcoin safer than banking?

[emma.lee1890]

Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programmed, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

[tamango]

I think that actually BITCOIN (like other crypto) and banking payments have different purposes. With the first one you privilege anonymous payments, with the second everything is tracked so in case of a fraud it's easier to demonstrate payments with banking system (actually)

[TERMINO]

 In my opinion It is more safer from big and small time stealers but in terms of online access I guess it is vulnerable.

[Zsangx12]

Bitcoin is a cryptocurrency, bank is an organization that can not be compared to each other. But if you talk about security, Bitcoin is better. For example, You can get information stolen via credit card or bank account but Bitcoin is not.

[Leebarnes]

Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programmed, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

In this case I would say bitcoin is better than banks. There case to case basis but for now, the banking system is still safe than bitcoin.

[nakmantu99]

Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programmed, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

In this case I would say bitcoin is better than banks. There case to case basis but for now, the banking system is still safe than bitcoin.

I think bank system is safe , But It is centralize platform. Government can controll the currency. Bitcoin is decentralize, No one can controll it.

[btcdeger]

I don't think Bitcoin is safer than banking, because everything related to money must be sought by thieves. but in general, Bitcoin is more preferable, but the reality is that there is often a theft of digital cryptocurrency assets including Bitcoin in the wallet. that means we still have to be careful if we save money either at the Bank or in the Cryptocurrency wallet.

[Mikam]

if you talk about security, Bitcoin is better. For example, you can get information stolen through a credit card or bank account, but Bitcoin is not. Bitcoin is a cryptocurrency, banks are organizations that cannot be compared with each other.

[thanks rye18]

Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when you’re told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programmed, but you’re eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?

In my own opinion in terms of the safety of our investment i think bank is more safer than bitcoin because in terms of hacking and in robbery banks deposit are under insurance while in bitcoin once it hacked by bad people no one will replace to our stolen investment but the good advantage of bitcoin is it offers a good or big profit in a short span of time once the market will rise rapidly.

[yousufatik]

For me yes but somewhat no. Yes, because surely your money will profit without any interest cutting of by any system. Instant profit, meaning if you invest now tomorrow it will profit and if the value is low it will be lowered. No bankruptcy, meaning the money safe since it is invested in the blockchain or rather crypto market. No, because the value of a particular coin and token cannot be determine. In some matter you will lose dollars if it will be lowered so you must work on it.

[Kubiga]

currently comparing banks with bitcoin is very unfair, so banks are safer, and bitcoin is good but high risk

[ChixHunter]

I don't think if bitcoin is safer than bank since bitcoin is very volatile and too risky for investment or long term, but bank is a genuine and its trusted by most of the people who are in investing.

[PhiliPPs]

I think that the bank is still safer, but Bitcoin is more profitable, because somehow your money is safe in the bank and the organization is responsible for your money, in the case of bitcoin no one is responsible for your money, if something happens to you no one except  you can not help you!

[ayatoslaw]

Whether or not our assets are safe depends on us,
many factors behind it.
like a trusted wallet, activating 2FA and most importantly using a paid wallet like nano s ledger, this wallet security is no doubt, most crypto pros use the wallet.

and for banks, it is actually safe, it's just that we cannot freely use it if abroad, there must be procedures.
different from cryptocurrency, wherever and whenever you can transact easily and quickly.

[AltLogan]

Bitcoin appeared to be more risky, bit more safe as it has no control by government or banking system.