Post
Topic
Board Bitcoin Discussion
Topic OP
The Good and Bad of Crypto Banking 🤔
by
Black susano
on 21/08/2023, 13:02:48 UTC

[quotes]
You see, 2/3 of the 30 largest global banks support crypto trading through exchanges. But is this really good news for us? Well, let’s see.

PRO'S
More access and exposure to crypto assets.
More security and trust.
More innovation and competition.

CON'S
More fees and restrictions.
More surveillance and control.
More dependency and risk.
So, there are both advantages and disadvantages to using these banks to trade crypto assets. It depends on what you value more: convenience or freedom? Security or privacy? Innovation or stability?

"Cryptocurrency Explained With Pros and Cons for Investment" https://www.investopedia.com/terms/c/cryptocurrency.asp


Personally, I like to have options and diversity in the crypto space. I use these banks for some of my crypto needs, but I also keep some of my crypto assets in my own wallet or on a decentralized platform. That way, I can enjoy the best of both worlds.

What about you? Share your thoughts.