Bank saving versus bitcoin wallet

[singlej007]

There are several things I notice about bank savings issue, if I have issue with my savings, I hardly find a way to resolve it remotely, I have to ho to the bank and spend the whole day (pandemic period), after all they use my money for business, but bitcoin wallet is just easy to deal with.

 

[Eodine]

At the beginning of this month, bitcoin rose about 2% so if one has $10 in bitcoin wallet it would increase but if the money was in the bank, no bank can generate interest as much as cryptos in a month.

 

[Mostee501]

I think i would go for fifty-fifty between saving money in the bank and bitcoin wallet because bitcoin can bring you more profits than saving money in the bank.

 

[QalabDogar1906]

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?

Yes I think Bitcoin wallet or bank account is very important to save our Bitcoin currency bank and boys with but I could not find an answer the question that you are difference between battle the Bitcoin wallet to bank manager for have found in Bangalore to save their between QC and others also suggest you to do this

 

[Sincerem]

I save money in both. But with Cryptocurrency savings i can be assured to add reasonable interest to my funds. But in bank their is steady deduction of funds for maintenance.

 

[Abbeyola]

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?

Bitcoin wallet is much more valuable and wise to invest in than keeping your money in the bank, with either low interest or no interest at all, so cryptocurrency is best.

 

[Sincerem]

Bitcoin wallet is much more valuable and wise to invest in than keeping your money in the bank, with either low interest or no interest at all, so cryptocurrency is best.

Not when it is going bearish. It is better when it is going bullish, and you saved your coins when it was low in value, and it grows over time.

 

[Nomad]

When the price of bitcoin starts going down, you might start thinking that saving money in bank would be more profitable but when the price starts going up bitcoin saving will be more profitable

 

[Heatman]

Seriously believe that as a result of the challenges that most people are having with banking sector it's why a lot of people are shifting to serving their assets in cryptocurrencies.

 

[jeff87]

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.

I think Bitcoin wallet savings is better than bank saving. Here is my reason for this answer. Just think about this probability. My $100 dollars bank savings after one month will have just cents of interest. Meanwhile if I save it in my Bitcoin wallet, the price of Bitcoin goes up then my hundred dollars can gain more dollars.

 

[Justin]

About a year ago, bitcoin was just about $10,000, now it is almost $40,000. If I had invested in 1 BTC I would have $40,000 now. However, if I had invested $10,000 in bank, it would have never become $40,000 in one year

 

[greenie]

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.

 

[eLdavis]

I don't think crypto currency or Bitcoin to be precise is actually designed to be used for saving. If you plan on saving with stable coins like USDT, then that's a different story. You can't use Bitcoin to save cause the price is not stable, you might end up getting less than what you invested in. Banks on the other hand was designed to help you save.

 

[Toyoabasi]

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?

They are more or like the same thing. Your bitcoin wallet saves your bitcoin just as your local bank saves your money in your account. I don't see any difference, except that I am not sure if bitcoin wallet makes unnecessary charges like our local bank does.

 

[unhappy triad]

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 offers you more stability with the huge volatility in cryptocurrency. Unless you're saving stable coins. But with the huge volatility comes a reasonable potential to earn big and scale up your savings. In the long run saving in cryptocurrency increases your wealth if chosen properly.

 

[HayKay]

Well I'll say it's better to save your currencies in crpyto, there's not only the possibility of the coins appreciating but they stand against the risk of inflation.
Especially in a country like mine where the inflation rate is going high.

 

[Dora Wi]

I prefer to have both, personally. Having a savings account comes with less risks but less or no rewards at the same time. Owning cryptos is considered a high-risk investment, but you can get a good return on your money. But at the end of the day, I think diversification is important, so I don't like to put all my eggs in one basket, so to speak.

 

[BrolySSJ]

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 that the bank is likely to be the option that is much safer however if you are looking for major profits and don't mind the large risk then i htink that bitcoin can be a good option.

 

[Dagm1]

Savings in the bank are not better than saving in a Bitcoin wallet since your money in a Bitcoin wallet is either going up or down as the market moves, whereas your money in the bank remains stationary, and the value of your money is reduced due to high inflation.

 

[Robust]

Between Bank saving and Bitcoin Wallet, I prefer Bitcoin Wallet than bank saving because in Bank saving there are charges that are been deducted from your account but in Bitcoin Wallet there's none.