If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
In my humble opinion, both have great advantages and disadvantages. Banking and crypto are both prone to scams and theft.
There are Identity theft, the chances of losing your Atm cards and also there's bank robberies.
While crypto, has cyber hacking. I chose crypto over the other because obviously, you could gain more profits in crypto investments especially from Bitcoins and other alt coins with great potential. But, only for a long term type of investments.
unlike putting money through banks where your money were being used or borrowed and put in other huge investments and they were the only one gaining benefits and profits that actually came from your money.
I believe Banks are only good for safekeeping.
This is why i prefer putting investments on crypto rather than banks.