Is Bitcoin safer than banking?

[arwani kurama]

in my opinion the same has security, but if the question is whether bitcoin is profitable than the bank?
the answer is yes ..

[Seerge]

Bitcoin has risks and banking also has risks, even in my opinion the risk of Bitcoin is greater than banking. but Bitcoin is an opportunity for success, so even though Bitcoin has a higher risk, people are still happy to own or invest in Bitcoin.

[kevinjulio]

If it says and discusses the risk then both are risky. everything has a risk. only your attitude and actions we are capable of this. to speak in terms of secure, then I would argue the bank is safe for now.

[Taufiq-yy1]

Maybe we can base our thoughts on these if we can ask more people about how they feel about banks as a safe storage of money.

[212]

A place to save money the best is in the Bank. We know how to keep the money in the Bank certainly has a very good record and very little risk. But if saving money on crypto is certainly when you lose money we would not be able to find out who stole our money. However, you can develop your money to get a huge profit by investing.

[felixesteban]

To be honest, banks are safer than cryptos, because if there is a problem, you can go to the bank and fix it. But this is not the case for bitcoin and other cryptos. If you write the wallet address wrongfully, for example, this error will cause you to lose your money and you will not be able to get help from anyone.

[gribble]

In my opinion, the Bank is safer than bitcoin, because the Bank has been recognized and regulated by the government, while for decentralized and anonymous bitcoin, nothing makes Bitcoin safe

Yes, I think you are right. Bank is still safer for now yet bank has a secure system supporting by government while bitcoin seems too volatile and unstable. Even sometimes bitcoin can multiply its values significantly but there is a big risk to lose all investment.

yes i think you are right. safer in the bank because the bank has a security system that is supported by the government. while bitcoin is always not as stable as it is easily changed when suddenly prices fall and do not rise we can lose our investment. indeed every thing is definitely a risk but I think for this matter especially in terms of security. bank is safer

[yousufatik]

Banking is all around directed and there is no namelessness. Along these lines, the level of responsibility required from the players in the banking industry is high which implies that monetary violations can be avoided. Digital money isn't controlled and it is mysterious. This makes it simple for criminal to carryout all way of violations. Keeping money is more secure.

[nick_2017]

In my opinion people have to be more attentive. Before you decide to invest money or take part in some project you should explore it and evaluate all pros and cons.

[paydayloan]

I think both of them are safe because the bank also uses special security. If there is no security, there is no way we can put our money in the bank. But for profit reasons, I think bitcoin is more profitable.

[Falcon]

According to my own understanding both are the same vulnerable. Whether bitcoin or banks we should play with knowledge and understanding about the do's and don't. It is better to be prepared than just going with the flow.

[satpol_PP]

Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. 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 programme, 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?

Yes I think, Bitcoin is safer than banking. It is secure and pseudo anonymous. It is good for payment system.