Post
Topic
Board Bitcoin Discussion
Re: Bitcoin financial services
by
hugeblack
on 03/03/2019, 06:59:28 UTC
Another reason people tend to open bank accounts rather than store money themselves is that they can get their money back in the event of being scammed
(a sense of security really). So is there any examples of companies providing insurance for people's bitcoin?
Banks will return your money based on the basis that they are trusted parties and will protect your money but that does not mean you are safe. There are a lot of stories for people who have lost their money, even some in the bank.


Cryptocurrencies "Bitcoin" provide you with an irreplaceable alternative As long as you keep your recovery seeds safety, no one will be able to steal your coins without having to trust the promises of someone or an institution.