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A lot of people in this modern world have different means of saving their money. Do you think bank is the best or cryptocurrency?
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A lot of people in this modern world have different means of saving their money. Do you think bank is the best or cryptocurrency?
Though I poll at cryptocurrency, I didn't consider cryptocurrency as a good means of saving, but saving your money at stable coin like USDT can increase your money overtime. Bank is far better than cryptocurrency, I said so because banks typically offer customer support services, including in personRead more
Though I poll at cryptocurrency, I didn’t consider cryptocurrency as a good means of saving, but saving your money at stable coin like USDT can increase your money overtime.
Bank is far better than cryptocurrency, I said so because banks typically offer customer support services, including in person assistance at local branches and call centers. Meanwhile there’s no such options in cryptocurrency.
Another thing is, banks are heavily regulated by government authorities, which can provide a sense of security for depositors. Bank deposits are often insured up to a certain limit, which means that even if the bank fails, your money is protected. meanwhile the cryptocurrencies, on the other hand, lack the same level of regulations.
See lessI prefer of saving my money in crypto currency exchange either direct exchange DEX or indirect exchange CEX. I know 80% of people will think that saving our money in the bank is the best but i can no with the following reason : 1. A bank account can be hack by some people that know our details. 2. WRead more
I prefer of saving my money in crypto currency exchange either direct exchange DEX or indirect exchange CEX.
See lessI know 80% of people will think that saving our money in the bank is the best but i can no with the following reason :
1. A bank account can be hack by some people that know our details.
2. We can miss our bank details due to emergency happenings to us and if happen we lost it forever.
3. Robbing people can come with POS machine and gun and forst us to transfer all what we have their account.
But all this cannot happen with the crypto exchange we open with just email address and password then we delete it from phone.
In terms of choosing the best place to save money between bank and crypto currency, I quickly go for bank why?. Saving your money on bank give you peace of mind than crypto currency because bank is regulated and provide security to secure your money, saving your money on bank won't allow you think oRead more
In terms of choosing the best place to save money between bank and crypto currency, I quickly go for bank why?.
Saving your money on bank give you peace of mind than crypto currency because bank is regulated and provide security to secure your money, saving your money on bank won’t allow you think of market volatility, fraud or platform collapse.
The decision between the two sources of saving money depends on individual choice, as for me I choose bank.
See lessWhen it comes to saving money, it is always wise to diversify. A balanced approach is recommended, where money is saved in multiple forms such as savings accounts, investment portfolios, and retirement funds. Saving money solely in one place can pose risks, as financial markets are unpredictable. DiRead more
When it comes to saving money, it is always wise to diversify. A balanced approach is recommended, where money is saved in multiple forms such as savings accounts, investment portfolios, and retirement funds. Saving money solely in one place can pose risks, as financial markets are unpredictable. Diversification helps minimize potential losses and can provide greater financial security in the long run.
See lessWhere you prefer to save your money depends on your financial goals, risk tolerance, and personal circumstances. Here are some common options for saving money, and your preference might be influenced by your individual situation: Savings Account: If you want your money to be easily accessible and loRead more
Where you prefer to save your money depends on your financial goals, risk tolerance, and personal circumstances. Here are some common options for saving money, and your preference might be influenced by your individual situation:
Savings Account: If you want your money to be easily accessible and low-risk, a savings account is a good choice. It offers safety, and typically a small interest rate
Money Market Accounts: These accounts offer higher interest rates than regular savings accounts and often come with check-writing and debit card features. They are a good choice if you want liquidity and some interest.
Investment Accounts: If you’re willing to take on more risk for potentially higher returns, you can consider investing in stocks, bonds, mutual funds, or exchange-traded funds (ETFs).
See lessThe decision to save your money in a bank or cryptocurrency depends on your financial goals, risk tolerance, and understanding of these options. Saving money in a bank offers safety and stability, as your deposits are typically insured up to a certain limit. However, interest rates in traditional baRead more
The decision to save your money in a bank or cryptocurrency depends on your financial goals, risk tolerance, and understanding of these options.
Saving money in a bank offers safety and stability, as your deposits are typically insured up to a certain limit. However, interest rates in traditional banks are often lower, so your money may not grow significantly. So i prefer bank.
Cryptocurrency, on the other hand, can offer higher potential returns, but it’s also highly volatile and speculative.
See lessMy country faces a lot of inflation problem and almost everyone is fixated on the currency so it tends to inflate and gain negatively over time, there's a business opportunity for those that keep their money in Cryptocurrency because when it's inflated you can actually convert to local currency andRead more
My country faces a lot of inflation problem and almost everyone is fixated on the currency so it tends to inflate and gain negatively over time, there’s a business opportunity for those that keep their money in Cryptocurrency because when it’s inflated you can actually convert to local currency and make profits without investing the money.
I think it’s illegal but people are doing it.
See less