Post
Topic
Board Altcoin Discussion
Re: Is Your Money Safer In Crypto than at the Bank?
by
Alex_He
on 13/09/2018, 15:37:27 UTC
There are no security in crypto. The question seems to be not on the point. Like is your money safe in a crypto exchange? Is your money safe in crypto wallet? I'm not sure which broad sense you're referring to. Crypto is a decentralized industry. It is you who protect your funds. Let say you're coins are inside your wallet app it is safe as long as you keep it beyond hackers. You should also protect your PK and important key to unlocked it. No one will blame but you if its get stolen. Unlike in bank that if you're money access by someone there's a chance you can recover it as you prove its being access via online. The Bank always have liability if the problem comes from them but in crypto if its your fault it is only yourself to blame. You get what I mean?