Post
Topic
Board Economics
Re: Bitcoin banking is more preferable than normal bank.
by
Ojima-ojo
on 18/01/2023, 23:18:57 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.
When you talk of bank and Bitcoin the two are different both in nature and operation.
1: Bitcoin is a digital currency, and bank is a financial institution without the feature of currency like bitcoin.
2: bank is a government-regulated financial business, while Bitcoin is decentralized and unregulated.

The only similarity between the two is the sending of money from one person to another, but the bank is a third-party storage institution while Bitcoin is self-custody.