Bank saving versus bitcoin wallet

[Lyrrex]

I prefer to save my money on bitcoins because bitcoin has been increasing in value for a very long time and will continue to increase, bitcoin may increased by 100% every year and your return investment for that day will be hundred percent but bank does not offer more than 20% return on investment every year, although cryptocurrency investment is not guarantee but that is better

 

[Heatman]

Bitcoin wallets is far better than bank saving because if you save in a Nigeria back expect the remover of charges and federal government have also signed a new law that will enable them to borrow money form your account if.....
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Bitcoin wallets is far better than bank saving because if you save in a Nigeria back expect the remover of charges and federal government have also signed a new law that will enable them to borrow money form your account if.....

The one that pains me the most is what they call stamp duty which they just take from your account like it's their money. Nigeria is truly a massed up country where the government takes pride in dealing with their citizens anyway they prefer.

 

[Alogakho Esson]

Bank saving in Nigeria is just to enrich the manager and bank owner they only debit you without any profits but Bitcoin have show meanfully gain and profit

 

[Oloritoks]

Bitcoin saving over bank is the ideal thing because your money get to appreciate in Bitcoin wallet and much more safe than bank, Bitcoin makes you feel that once you are saving it is for the benefit of your children who can never be poor.

 

[Sake]

I rather choose Bitcoin wallet, because first. How much is the annual interest you can get by storing your money in bank? 2-3%
In Bitcoin lest say you have $1000 worth not just a 3% but your money can be doubled or tripled without doing anything. You just need to buy/sell at the right time

 

[Highflyer]

I still prefer having a Bitcoin wallet over a bank account, a Bitcoin wallet has the following advantages.
The advantages of this coin are high payment freedom, transparency of information, high security, reduced risks for traders. Among the disadvantages we highlight the risk and volatility, the lack of notification and understanding, with incomplete functions, but which are developing, so Bitcoin is not perfect.

 

[Sammyesx]

They are not the same thing putting money in the bank is saving, because you will get 100% of your money when you need it, putting money in a Crypto currency wallet is investing because you have aim of making profit, which could become a loss

 

[Tundeoguns1]

Bank savings versus Bitcoin wallet. Hmmm well to me I think bank savings is the best because Bitcoin savings is just putting your money there to invest. But bank savings is where you put your money for safe keeping. If your money is in bitcoin it means that you want to invest in crypto currency.

 

[ahmedo24]

If your desire is to take little to know risk in puting your Money I'm accessible custody obviously bank savings is better compare to bitcoin Investment which is volatile, you could gain or loose at any point in time, it is only for people with risky implications.

 

[eenya00]

I would have preferred to save my money in my Bitcoin wallet, but the volatility nature of it is not somewhat advisable to do as you may incurre great loss on the long run

 

[ahmedo24]

I would have preferred to save my money in my Bitcoin wallet, but the volatility nature of it is not somewhat advisable to do as you may incurre great loss on the long run

Sure if you can take the risk of keeping them in your wallet because the only challenge there now is highly volatile. You make save like $200 now and come back to see an increase to $250 or less of it.

 

[Prettybabe]

Banking saving might be convenient for a lot of persons since there's actually no risk involved with keeping your money in the bank except for the fact that inflation could affect it badly.

But for some us, keeping our money in the bank is not such a good idea. We would rather save it in a cryptocurrency wallet.

 

[shakky2]

both has merits and demerits,for bank saving,there os no increase nor decrease except transaction debit but for forex trading it's either you loose or u gain,if u gain it will be and advantage and boost ones living and if u loose it will be a downfall of the investor.
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both has merits and demerits,for bank savings there is neither increase nor decrease except in debit transaction but in Bitcoin wallet it's either one loose or gain.gaining will be an added advantage and boost living expenses while loosing is a downfall.so i will go with bank savings

 

[ahmedo24]

both has merits and demerits,for bank saving,there os no increase nor decrease except transaction debit but for forex trading it's either you loose or u gain,if u gain it will be and advantage and boost ones living and if u loose it will be a downfall of the investor.
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both has merits and demerits,for bank savings there is neither increase nor decrease except in debit transaction but in Bitcoin wallet it's either one loose or gain.gaining will be an added advantage and boost living expenses while loosing is a downfall.so i will go with bank savings

There are some banks that even give little percentage of money you save in their bank every month, the percentage given depends on the amount of money saved. So the tendency for your money reducing from bank charges is not there.

 

[Henrywrites]

Bitcoin savings, is better off to me, I prefer putting my money up there in any rising Cryptocurrency, hoping it will increase more. I don't invest only in one coins alone, I split my savings into four, saving using BCH, BNB, BUSD, BTC. Knowing too well that they have potential to rise more and bring me profit.

I invest in Bitcoin alone at the moment because I don't trust the volatility rate of other coins. I have always have total trust that those that have Bitcoins won't lose in the long run. Sometimes, I imagine what life could have been, if I had invested in Bitcoin years ago.

 

[Rimsha kanwal]

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?

Even if you’re a traditionalist when it comes to saving physical cash, you might be on track to using a digital version of a piggy bank in the not too distant future. In fact, it is highly probable that most of your money is already digital.

 

[Afrinish]

Bank savings is not better off thansaving in Bitcoin wallet, in Bitcoin Wallet your money is either going up or down as the market moves, but in the bank your money is stagnant, and due to high inflation the value of your money is reduced.

 

[Hasan Raza]

There is much difference between bank savings and coin wallet. Bank savings are very secure and less risky, we can say zero risk but on the other hand the profit ratio is also very low rather than coins. In wallet coin or we can say investment in cryptocurrency is more risky but profit ratio is greater.

 

[Mrallison]

Bitcoins, very reliable

 

[GoldenLady]

If you want to choose between saving in a bank or crypto wallet, first consider your risk tolerance level.

Saving in a crypto wallet is definitely more riskier,but you should expect a lot of increase in your money if the coin is successful in that time frame..