Post
Topic
Board Bitcoin Discussion
Re: Bitcoin savings account?
by
eann014
on 15/07/2017, 06:21:09 UTC
Is there any upcoming project that would act like a bitcoin savings account?

What do you mean bitcoin savings account? is it like a bank that giving any interest of the money you lend it to them.
For me it is good to do bitcoin savings through putting it in the bitcoin wallet address. Like Electrum, bitcoin core, multihd, and etc.

Saving in the wallet will not grow your bitcoin, whereas when the bank is present it will probably grow your bitcoin. Because they provide interest facilities for customers? Investing bitcoin would be more risky than storing bitcoin in a bank? But for now store bitcoin in the bank not yet present


A lot of bank are also not good, we all know that bitcoin value is unstable and bank will use it as their advantage, they can change the amount of value of bitcoin when its time to exchange it to fiat. They will use the unpredictable value and take advantage into it. Bitcoin wallet for me is better.