Re: Bank or Bitcoin Wallet?

bank or bitcoin wallet? I think both have their own advantages and disadvantages. for security I prefer to the bank because it is proven safe. but to be able to get more profits, bitcoin wallet is very easy for it

That is my choice too I will not just going to choose only one but rather what I am going to do is use them both with their advantages. I like the services of banks for they are proven for a long time depending on the local bank that you are going to use and if something happened to your money you have assurance that they are eligible for it. But with bitcoin, when something happened to your bitcoin, the bitcoin wallet providers are not eligible for it.

If the banks accept the bitcoin and give you interest in saving with them, it is better to save the bitcoin in the banks.

Well that is what I am going to do too if they are able to accept bitcoins and fiat at the same time. Then I am going to maximize the usage of their service and probably what I will do is that. And while saving my bitcoins to them and for sure that is going to give interest to my bitcoins and at the same time when the price increases I will going to get profit.

I hope to see that in the future but seems like the probability of happening is so dim, banks will never accept bitcoin I guess because we need to comply with the KYC policy first and it will change the overall system of bitcoin, I think we are using bitcoin to protect our privacy.

The banks will accept the bitcoin if they can make good profit by using the bitcoin as it will cut its cost.