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Why you should not leave your money in the bank.
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[QUOTE="Mika, post: 231634, member: 29399"] ON your bank account you have fiat money, the fiat money you have in your bank will never appreciate by 20-30 percent overnight or appreciate by 20-30 percent in a day or two. If your country has a strong economy, your fiat money will never depreciate, even when the economy is failing, the money will not be devalued at once just like cryptocurrency. Furthermore, when you have money in your banks, it cannot be hacked or robbed, even if that happens, banks will return your fnds. There are a lot of risks in using crypto currency. Have you heard about Squid Game Token? From hover a thousand USD, the token became worthless just in 24 hours. I am staking ADA on Binance, I am getting 12 percent APY, my bank will also give me 12 percent APY. I have used Nexo, but I was not eligible for 13 percent APY because they did not accept my account verification documents. If your account is unverified, you cannot receive a high return. IN order to make use of crypto exchange and benefit from staking you need a lot of crypto assets and it is risky to invest in crypto because the price might go down any time. [/QUOTE]
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Why you should not leave your money in the bank.
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