Quote from: CrypticGambit on May 06, 2018, 07:40:44 PM

Your money is as safe as your security. I think that a lot of people are getting hacked and they are losing their crypto. This is why the bank is a safer place if you don't know what you are doing.

Agree. If you're not tech savvy enough to properly secure your cryptocurrencies, then your best bet to keep your money safe would be a bank. Since banks are regulated financial institutions, you can rest assured that your money will be safe no matter what happens. In contrast, since cryptocurrencies are largely unregulated, anyone can steal your money and there's no turning back once the hacker gets access to your money. The irreversibility of transactions, and lack of KYC/AML compliance, makes it hard for anyone to claim back their funds.

However, those who're wise wouldn't store their cryptocurrencies in online wallets, exchanges, and even hot wallets for security. Depending always on hardware wallets such as the Ledger Nano S or Trezor, as well as cold storage like paper wallets, will make the hacker's life troublesome to attempt to steal your funds. As such, depending on how well you secure your cryptocurrency funds, your money would be practically impenetrable from external interference.

Nevertheless, both banks and cryptocurrencies are safe methods on securing your money. It would all depend on the user's needs whenever he/she want to obtain freedom over his/her money, or protection with regulatory compliance by using a bank account to secure the money. Just my opinion