Bank saving versus bitcoin wallet

[Goodday]

I think l will choose bank savings for my planned life. Crypto Investment to me is still more risky and if care is not taken l might lose my hard earned cash and just become meaningless in life because of risky investment.

 

[Erik4150]

Saving money in bank is not profitable, it will just keep your money safe. Saving your money in cryptocurrency is much better because some coins like bitcoin is rising in value in every year. Your money will inevitably get bigger.

 

[giddy]

Putting your money in a bank keeps it in its original fiat currency. If you put dollars in, the contents of your bankaccount will remain dollars. Investing in bitcoin transfers your money into abitcoin token. If you purchase bitcoins, the contents of your wallet will bebitcoins.

 

[Donkiz]

Both are very different, when you save your money in the bank as deposit, you get some interest on monthly basis, and you do not run the risk of your decreasing neither is it expected to increase exponentially. But when you acquire bitcoin and store it in a wallet, there's every possibility that the bitcoin value will either appreciate very well or depreciate so badly.

 

[gammarays]

If it's based on interest added on your money saved, there're basically the same as they offer below 10% annually. However saving Bitcoin is better because it adds in value. Also you enjoy flexibility with your BTC wallet as you can easily convert to fiat and send as you like. The only thing is that you can't pay bills from your Bitcoin wallet.

 

[GIFTMICHAEL]

To majority of the people banking institution can be more better than Bitcoin company. In as much as people like investing in Bitcoin wallet the confidence that bank guarantee can not be compared with Bitcoin wallet.
The truth is that savings in the bank has no interest rate compared to Bitcoin wallet ( I can still be corrected) but Bank saving guarantee more security.

 

[Sotherefore]

If I'm t to choose between the two I rather go for bitcoins investment because investing in bitcoins is like investing in something that will have value in the future I will not be surprised that the $500 I invested in bitcoins now might worth up to $2000 in the next 2 years,sometimes there are alot of points to consider if you don't think of using the money immediately then you can go for bitcoin but if you are using the money immediately then don't go for bitcoins because that's a long-term investment.

 

[kayode10]

I would prefer to keep my fund in the Bitcoin wallet than in the savings account. The reason is that bitcoins has high chances of increasing in value more that keep money on the bank. Banks make use of my money to make money through their lending system and forex, and they will drop pittance in to into my savings account.

 

[Ridorz]

I prefer to take risk of gaining profits than to just save my money on a bank without expecting any profits. So, what I mean is that I will like to save money on Bitcoin wallet, though it's a risks saving that can make you be seeking it time to time in panic of not wanting to loose your money. but I still prefer it

 

[Janita]

I think both are best if i consider .like ,if i save in bitcoin it might give high level of profit any time but really its a kind of risky task than saving in bank because in bank there is no risky work we can just put in bank and the be patience for not losing the profit or mone till we didn't make our money out from the bank

 

[Hassan14]

I have sat and wonder in search for answers but could not find any answer to my question.
What is the difference or in what way is bank better off than bitcoin wallet or vice versa?

I think bank savings will be the best because it will keep your money safe. And you will continue to receive money from the bank and your own money will be safe and the bank will give you money which will give you a lot of money and I always prefer bank savings. This is the best.
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I have sat and wonder in search for answers but could not find any answer to my question.
What is the difference or in what way is bank better off than bitcoin wallet or vice versa?

I think bank savings will be the best because it will keep your money safe. And you will continue to receive money from the bank and your own money will be safe and the bank will give you money which will give you a lot of money and I always prefer bank savings. This is the best.

 

[Damismiling]

Bank saving and Bitcoin wallet, to me I would rather save my money in Bitcoin wallet and monitor the growth, increase or decrease so as to know the next steps, but saving in bank is a no go area, especially here in Nigeria, before you know it, the whole money is gone

 

[Kinglegend01]

I would prefer saving on cryptocurrencies wallet anyday over saving in the bank. although, you might be attracted by the intrest the bank Is going to give you most especially if the money is huge or you might be scared and want to play it safe. The intrest the bank is going to give you is nothing compared to the profit you would have if a unit of the cryptocurrency you invested your money in rises in value. And, I belive the cryptocurrency wallet is more secure than our banks system.

 

[Mary]

Bank saving my foot, how would I save money in the bank and watch my money been deducted to zero in the name of bank charges and card maintenance when I can have Bitcoin wallet and watch the value increase in few days

 

[Niftyyem]

If I am to make decisions based on my banking system, then, I would not leave a dime in there, however, it is a necessary evil for me. I would definitely pick saving in bitcoin over the banks any day.

 

[Heatman]

I have sat and wonder in search for answers but could not find any answer to my question.
What is the difference or in what way is bank better off than bitcoin wallet or vice versa?

No matter how much you have saved up in your bank account, you are just doing the banks a favor more than yourself.

They will give you peanut interest and use your money to invest in projects like trading and make more money while you don't get much.

 

[Kennysplash]

I have sat and wonder in search for answers but could not find any answer to my question.
What is the difference or in what way is bank better off than bitcoin wallet or vice versa?

Bank savings is fixed, what you put is what you get back. But Bitcoin is a risk, positively it can yield profits if it rises. On the other hand you can lose if the price falls. I will go for bank savings or better still find something worthwhile to invest it in.

 

[Patrik]

If you are fine with the volatility of the price of Bitcoin, then i would recommend saving in bitcoin wallet for sure, as you get profit if the price increases (but lose money if price drops, but in the meantime, it's increasing a lot, so nothing to worry about), unlike bank saving where you make no profit

 

[Mujahid12]

I have sat and wonder in search for answers but could not find any answer to my question.
What is the difference or in what way is bank better off than bitcoin wallet or vice versa?

I think save money in bank is more better because it keeps money more secure and safe and there is no risk, I always refer money save in bank accounts never any horror tension from the thief and robbery.

 

[Nma]

Saving money in the bank is not better than the crypto wallet especially in my country.... money kept in the bank is very useless because they won't give you any interest but they keep deducting your money in the name of bank charges and other unreasonable fees.... I prefer crypto wallet