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Why you should not leave your money in the bank
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[QUOTE="Mika, post: 231624, member: 29399"] The title and the description do not match. The title says one thing and the description says another thing. The title talks about banks whereas the description talks about cryptocurrency and crypto exchange. I will try to share my opinion on the title (about saving money in the bank) as well well as using crypto exchanges. If you keep your money in the bank, it can never be robbed or stolen. Even if it is robbed or stolen, the bank will always credit your funds. If you save money on interesting bearing accounts like saving accounts and fixed deposit accounts, you will earn interest, which means you will earn profits on your funds just by keeping in banks. You might be able to earn more if you withdraw the money and invest somewhere, but that's very risky. Well exchanges can be hacked and your funds might be stolen. But you can diversify your assets, use hardware wallets, or desktop wallets and minimize the risk. You will also have to use the most secured platform and never use an exchange that is not very popular and recently launched. When you are staking, make sure the reward will include a guaranteed principle return, check whether funds are locked or not. [/QUOTE]
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Why you should not leave your money in the bank
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