Quote from: m2017 on January 04, 2023, 03:17:57 PM

Quote from: Ebede on January 04, 2023, 12:40:57 PM

Bitcoin banking is more secure than normal banking, because you are the only one that has access to your personal wallet but in normal banking customer cares can login into your bank account without you're notice and use your money for any kind of businesses.bitcoin banking is more reliable than normal banking because money that is in your normal banking can be deducted or withdrawal without you're notice but that can not happen in Bitcoin banking everything happens with your authorization.

In fact, traditional banks, despite their shortcomings, have many advantages. For example, it is that users of traditional banks don't need to worry about the security and storage of their deposit. The whole issue is decided by the bank and deprives customers of this headache. Convenient, isn't it. Especially for those who are lazy and don't want to bother with security issues.

In the case of bitcoin banking, it will be necessary to take on the responsibility of keeping and maintaining the safety of savings. Nobody else will do it for you. If a mistake is made with the record or an insufficiently reliable place to store the seed-phrase, everything will go down the drain. Here you wont be able to turn to support, which will fix your problem, and the consequences of mistakes can be catastrophic and deprive you of everything you had.

So, these 2 types of banks have radically opposite features.

I totally agree on this, It is certainly true that traditional banks offer a level of security and convenience for customers in terms of storing and protecting their deposits. Customers do not need to worry about the technicalities of securing their funds, as the bank takes on this responsibility.

On the other hand, with a digital currency like bitcoin, the individual is responsible for the security and storage of their funds. This can be a daunting task for those who are not very into tech world or who do not want to take on the responsibility of managing their own security. Therefore, it is understandable that some people may prefer the convenience and security offered by traditional banks over the added responsibility and potential risks of self-management with digital currencies.

The pros of a situation are always balanced by the cons. In the end, It is all a matter of perspective I guess.