Etini
Valued Contributor
Banks have traditionally been the means people use to hold their money over generations. Recently though, it seems the evolution of cryptocurrencies has threatened the position of banks as the number one means of saving money. With the frequency at which people are adopting cryptocurrency payment for goods and services, they also hold their funds as cryptocurrencies over a long time. They just find a good crypto-holding app like Binance and open a wallet and stash their funds in there.
Be it as it may, I still believe that traditional banking remains the surest means to hold your funds. This is because a cryptocurrency holder is not 100% reliable. In recent times, we have seen reliable crypto holder crash without warming. People who had wallets with the crashed crypto holders are struggling to withdraw their funds. There is insurance for funds deposited in banks which makes it safer than crypto wallets.
Be it as it may, I still believe that traditional banking remains the surest means to hold your funds. This is because a cryptocurrency holder is not 100% reliable. In recent times, we have seen reliable crypto holder crash without warming. People who had wallets with the crashed crypto holders are struggling to withdraw their funds. There is insurance for funds deposited in banks which makes it safer than crypto wallets.