Which method do you prefer saving your funds??

[Shigobad20201]

I makes use of both banks and crypto wallet, my bank savings is usually for targeted projects, I normally don't like keeping money too long in bank account, rather I will look for something to invest it in either online or offline.

Normally I makes use of crypto currency wallet and banks to save my fund but i have come to realise that saving through crypto currency wallet is better because banks always deduct charges everytime.

 

[Hena101]

I would like to save my money using cryptocurrency but right now I don't have much knowledge on how it works so I'm choosing bank. But if there comes a time someone would teach me about crypto savings, I will definitely save my money on crypto.

I don't think you will wait for someone to teach you you can learnt it yourself more especially when its investment but if you want to trade then you must be thought.

 

[gammarays]

I had about 1.2 million freecoin then and there was a time it's rises to about $40 and I didn't want to sell it ,at the end of the day I sold it at the rate of $15 which was a loss to me.

Yes, that 1.2 million is around 4 to 5 USD now. I just buy and keep because I know it will get back to its previous all time high. One thing o love about the token is that holders is increasing daily.

 

[Alexandoy]

The methods that I prefer to save my money depends on the amounts of money involved and what and when I needed the money. For safe keeping, I keep it in the bank, for secrecy I will love to save it in a stable cryptocurrency coin.

The liquidity is important in life because you need cash when there is an emergency. My wife has cash in our home vault amounting to more than $2,000. Instead of depositing it in the bank she prefers to have cash in our home. She said that you do not know what will happen in the future.

 

[Ralphjoe]

I'm talking about in staking of coins investment. If you want to earn higher return of your investment, consider those new coins entering into the market.

I have been so wary about new coins that comes into the market because the rate at which this new coins coming to the market can be so confusing, in fact it can get to an extent you ever you will see about 1,000 new coins coming to into the market and out of those thousand new coins that came into the market, maybe ten out of them can do well so it can be so tiring for you to be investing in all this new coins that are coming into the market that is why I am an advocate of investing in established cryptocurrencies instead of investing in new coins.

 

[Jlife]

Yes, that 1.2 million is around 4 to 5 USD now. I just buy and keep because I know it will get back to its previous all time high. One thing o love about the token is that holders is increasing daily.

Most of them may not be able to make it again to the all time high, I've sold off my own and I am not buying it again for now until I am very sure there is a possible signs of revival .

 

[eLdavis]

I don't think you will wait for someone to teach you you can learnt it yourself more especially when its investment but if you want to trade then you must be thought.

Very true, like myself nobody taught me got some knowledge about it from reading articles online and making use of it myself. I use to think it was very hard until I started doing it

 

[Suba]

I use the bank to save local fiat money, to meet my daily needs, I will put my income both online and offline into my bank account. While crypto wallets are only for storing crypto because in my country crypto cannot be used as a medium of exchange, but can only be traded on exchanges. so if I need funds then I have to sell crypto first then it will be withdrawn to the bank account.

 

[Sincerem]

I have been so wary about new coins that comes into the market because the rate at which this new coins coming to the market can be so confusing, in fact it can get to an extent you ever you will see about 1,000 new coins coming to into the market and out of those thousand new coins that came into the market, maybe ten out of them can do well so it can be so tiring for you to be investing in all this new coins that are coming into the market that is why I am an advocate of investing in established cryptocurrencies instead of investing in new coins.

Investing around the known coins when it comes to staking won't generate you much profit by the end of the staking duration. The best to bring you returns is staking those new coins that needs your funds to promote their new coin.

 

[Good-Person]

Which one is acid @Ralphjoe?

Using stable coins will keep your coins away from undue fluctuations that are drifting down.

I have always planned to use stable coins to save my funds. However, I am only concerned about how safe they would be if I store my money using stable coins. Have you ever stored a good amount of money in stable coins?

 

[Sincerem]

I have always planned to use stable coins to save my funds. However, I am only concerned about how safe they would be if I store my money using stable coins. Have you ever stored a good amount of money in stable coins?

No need emphasizing the usefulness of stable coins much. The name stable should tell you that with stable coins like USDT you're coins will remain stable from price fluctuations. I have used USDT, BUSD, USDC to store my coins before.

 

[Shaffy]

I would like to save my money using cryptocurrency but right now I don't have much knowledge on how it works so I'm choosing bank. But if there comes a time someone would teach me about crypto savings, I will definitely save my money on crypto.

As odd as it seems, this is a good decision. I lost a lot of money during the May correction simply because I never took time to understand what I was doing. The only most important lesson I can give is to learn how manage risks and use stop loss.

 

[Grant]

I vote banks mainly because I feel there's more risk with crypto wallets than anything else really. With banks you're at least assured your more security and can get money back. With crypto, I don't think there's a way to get money back all the time (like if you have a dispute on an order).

There's still not enough on crypto wallets to make me go that direction.

 

[Senator]

Banks is and will always be the easiest way and also the safest way to safe your money in. It is most safer than any cryptocurrency platform of course. Your money ie ensured and also protected by law in case of theft

 

[gammarays]

Most of them may not be able to make it again to the all time high, I've sold off my own and I am not buying it again for now until I am very sure there is a possible signs of revival .

Well Freecoin will get back to its all time high and even exceed it one day. It's one of the tokens I'm keeping for a long time and I hope to benefit from it. That's my personal analysis by the way.

 

[Setfragil]

The liquidity is important in life because you need cash when there is an emergency. My wife has cash in our home vault amounting to more than $2,000. Instead of depositing it in the bank she prefers to have cash in our home. She said that you do not know what will happen in the future.

Does your wife not have a debit card at home which she can use to withdraw money from the ATM at anytime she needs money to buy something or don't you have ATM machines in your neighborhood?

 

[Tracee]

Crypto wallet for me seems more safe than the bank to be honest, yeah there are risk such as you loosing your pass codes or it being tampered with but aside that, there are no charges and maintenance fees, and also the fact that sometimes money tend to go missing from my account.(money that can't be accounted for).

 

[jeff87]

I am someone who is open to different opportunities, so I save in both banks and cryptocurrency wallets. This makes me diversify my earnings.

You are correct. I will also choose both banks and cryptocurrency. This is to diversify the money. So that when you lose in cryptocurrency, there will still be money that has been saved in the bank.

 

[Ralphjoe]

Investing around the known coins when it comes to staking won't generate you much profit by the end of the staking duration. The best to bring you returns is staking those new coins that needs your funds to promote their new coin.

This is actually true though because on visiting the binance taking platform I didn't see even known coins there instead the coins that I saw there are very unknowing coins so I totally agree with you that it's good to stick on new coins.

 

[Jlife]

Well Freecoin will get back to its all time high and even exceed it one day. It's one of the tokens I'm keeping for a long time and I hope to benefit from it. That's my personal analysis by the way.

Well it is better that you have taken this risk, and even me I am also investing in some shitcoins like the feg token, all these are risks that can give us millions of naira if we are successful.