Quote from: GigaBit on August 23, 2024, 06:21:37 PM

Quote from: jasonjm on August 20, 2024, 08:30:05 AM

People invest and save in banks because they think it is safer. Cryptocurrency is a risky investment and you might lose your money if you misplace your private key or recovery phrase or if your wallet/ account gets hacked. The majority of the people are not risk-takers and go with the conventional methods when it comes to investment.

Investing in banks is riskier than investing in cryptocurrencies, but the returns are very limited. Cryptocurrencies have come as a boon to those looking for a platform to earn more. However, before investing, an investor must know some basic things, especially to be careful about security issues for saving crypto assets, such as keeping the private key or passphrase of the wallet in a good place and keeping yourself away from relatively risky investments, etc. We can easily learn about the benefits of crypto investment by reviewing the profit ratio of those who invested in Bitcoin for a long time and those who kept money in the bank at the same time. We must recognize that no investment is risk free.

both have same disadvantages about security issues, but i think bank is less risky than in cryptocurrencies investment
because you know about your local bank is how much safer and you can pick the best bank in your country which is very strong in security but in cryptocurrency investment it’s quite difficult to safe money for newbies even for experienced peoples.