Is our money safe in crypto?

[tamango]

Crypto are safe if hold in a safe hardware wallet like Ledger nano S or trezor, however you have to be very smart by hidding recovery phrase otherwise everything can be stolen easily

[ivanleon]

I can vouch for crypto here from a personal experience. There are numerous banks in my country which have been closed down by the government because they do not meet the requirement of the central bank of my country. These banks are closed without paying the people's money.
With crypto, you are the master of your own finances. The total security to your money depends on how well you keep your wallet login details.

Sure, it's cool to control your finances, but banks are designed to keep your money safe. Indeed, the keys can be stolen, for an ordinary user this method of storing money is not suitable. I hope that soon there will be a reliable platform that will become a kind of Bank for cryptocurrency, while not losing control over its assets.

[dragononcrypto]

Being your own bank is a much better way to secure funds than getting a third party bank to do it for you.
Don't forget to back up your private keys and you'll be ok!

[Dinid]

Just remember , especially for beginners.
If you want to invest on crypto, make sure back-up and write down your crypto data first , on the right place. Do not forget this basic requirement.
Just story , long ago I forgot to wrote down my private-key. Then, my android was accidentally hard restarted, so I lost many bunch of those assets.

[damsix]

Now that's the function of cryptocurrency, when the Private Bank has gone bankrupt, the solution is to create cryptocurrency.
This world continues to spin and we must be able to make decisions for this, and I have done it.

[patrol-coin]

 Investing in crypto is seen as a safe asset such as gold in developed countries such as Europe and Japan. They often save money in the form of Bitcoin other than in gold.

[sijampang]

Yes, of course it will be very safe, Account security for crypto users always depends on them. crypto user security, is in the MEW key.

[flyaccount]

It would be safe if we put it in a safe place and wallet in this Crypto World. Indeed, now there are many people who use Crypto and they are starting to compete to be able to secure their money in Crypto. Therefore I encourage you to use a trusted wallet like Myetherewallet as your money storage tool here. I guarantee it will be safe.

[sandonbadi]

I personally strongly agree that money is in crypto, it is very safe to deposit money in crypto just like saving money in a bank

[Jetski]

I can vouch for crypto here from a personal experience. There are numerous banks in my country which have been closed down by the government because they do not meet the requirement of the central bank of my country. These banks are closed without paying the people's money.
With crypto, you are the master of your own finances. The total security to your money depends on how well you keep your wallet login details.

The safety of our money is really depends on the type of crypto currency that we invested because we mistakenly choose a weak coin we might be losing our investment capital.

[bdamenaakter]

Our money in crypto is as safe as we make it to be. Yes our investments are at risk in this system. But if we do every necessary security measures, the risk of our money or tokens/coins being hacked or stolen will be avoided. Hackers will do what they do. And there is almost nothing we can do to stop them. The best we can do is prevent them from stealing from us.

[Hongy]

I think you are not worried about the state of your money that you invested in Crypto, for us it is safe to store it and also you can get more profits. because the development of krypto prices is increasing every day.

[Morrower]

Most of services which deal with crypto have a good encryption. It means that risks to lose your money from your wallet are minimal.
But the point is that coins are not too stable so you may lose money because of the course changes.

[Dacosta]

That is very true. I wonder why some people think the bank is a safer place to keep their money than the crypto wallet. When the banks collapse, the possibility of you losing your money is high, but in crypto, you only lose the money in your wallet out of your own carelessness.

[aldi putra]

I think it's safe as long as we are smart to store our keys and choose a wallet that has good security. the problem is that there is nothing that can guarantee