Post
Topic
Board Economics
Re: Bitcoin banking is more preferable than normal bank.
by
harizen
on 05/01/2023, 03:17:38 UTC
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.

You are missing some of the key points here. Both have pros and cons. There's no perfect between them even though I prefer the use of crypto over banks.

In terms of security, you are the one who is responsible for that referring to holding your bitcoin. Money in the bank might not be safe for you, but their clients are all insured in terms of sh*t even in bankruptcy (which doesn't happen overnight).

Aside from that, digital banking nowadays is way more convenient and quicker if you asked me. For now, bitcoin is more used for investment purposes.