Which method do you prefer saving your funds??

[Chibson]

Due to the devaluation of my country's currency, I prefer saving money in my crypto wallet and whenever I need it I convert it to my local currency and this method has been very helpful to me for some time now.

 

[Solutionav]

Their are many method to save our cash, assets. It depends on your selection and what you are saving on it. We all have different saving methods and place we save our funds for the short, and long run. I prefer saving my own funds on my local crypto wallet than my local bank account.

Which saving method do you prefer putting your funds into??

Right now I don't have a wallet now so I save my money in my local bank but am pretty sure soon I will start saving money in wallet because local bank can be tempting,

 

[Psalmseen]

I prefer saving my money I crypto Wallet.. Cos it really helps. Money save in bank today will definitely lose it's value within a few period but money saved in crypto is still somewhat safe in terms of value

 

[Good-Person]

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.

I think they are dependent on the price of dollar. If the dollar fluctuates in value, so do they. However, overall they are good way to store funds because at least you are protected from crypto price fluctuations. We must also consider the fact that they are decentralized (at least some of them).

 

[Georgeadawara1]

I personally refer using bank and crypto wallet because this are the best ways I think I can have more security and my mind can be at rest.
At anytime I might be in need of them I can use my card or fund transfer to withdraw them

 

[Snazzy001]

Whichever option could be good and always remember that there is advantage and disadvantage, but I'll personally prefer to use the banking option

 

[Good-Person]

I prefer saving my money I crypto Wallet.. Cos it really helps. Money save in bank today will definitely lose it's value within a few period but money saved in crypto is still somewhat safe in terms of value

Crypto wallets are the best way to save money. It is even much better to save money using stable coins because the price fluctuations of crypto will not affect your capital or funds.

 

[Sincerem]

I think they are dependent on the price of dollar. If the dollar fluctuates in value, so do they. However, overall they are good way to store funds because at least you are protected from crypto price fluctuations. We must also consider the fact that they are decentralized (at least some of them).

USDT is centralized, most of the stable coins are centralized. And the popular ones are mainly representing the USD fiat currency in the coin market.

 

[Bookwormlux1]

I am saving my funds with binance, piggyvest and kuda bank. They are my most reliable alternative at the moment and I enjoy using them.

 

[Sincerem]

I am saving my funds with binance, piggyvest and kuda bank. They are my most reliable alternative at the moment and I enjoy using them.

You really got lots of options you're earning your funds with. You're saving via crypto and online bank account. I am saving with Binance, piggyvest and branch.
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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.

Those new coins will be rewarding to you when it comes to ICO investment. They have higher APR compared to the popular choice coins.

 

[Alexandoy]

I am saving my funds with binance, piggyvest and kuda bank. They are my most reliable alternative at the moment and I enjoy using them.

I guess your savings are earning in those savings funds that you joined. That is one advantage of the crypto industry that users have an alternative of saving their money aside from the investment. However, you have to take note that your savings in crypto coin can go down in value.

 

[jeff87]

Yeah it is true because even me i have using my crypto currency wallet to save money and also buy any coin I thought in investing and I never regret it.

I also have saved my money in cryptocurrency wallets. I do not have money in the bank anymore. I prefer to buy and sell cryptocurrency coins like bitcoin, axie infinty, smooth love potion, my neighbor Alice, cardano, litecoin, dogecoin, ripple, etc.

 

[gammarays]

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.

Yes it's even better to save money in those memecoins like feg, shiba and safemoon than to save it in naira. It has devalued so much that it's worth nothing much and stuffs keeps increasing every time.

 

[Kelly5]

I will take or choose saving my money in the bank over all other methods for a long time because that seems to be the most safest method of all of them either way for the safety of my funds in case of theft

 

[Richard92]

As my friends recommend to try a crypto wallet where you will be able to keep your e-money and anytime you want to invest in something crypto wallet is the best for keeps.

I prefer saving my phone by using the blank method taking my money to the bank to save what most people do save their money with cryptocurrency wallet which is also safer

 

[Filicit]

I don't like saving money in banks, it's a rip-off especially with the ridiculous charges, I prefer saving in a crypto currency and get some interest

 

[Jlife]

Yes it's even better to save money in those memecoins like feg, shiba and safemoon than to save it in naira. It has devalued so much that it's worth nothing much and stuffs keeps increasing every time.

Lolz, I know how you feel before saying that but sometimes we really need to take calculated risks because most of this meme cryptocurrency are not trusted, Nigerian currency is almost at the point of dying.

 

[Sincerem]

I don't like saving money in banks, it's a rip-off especially with the ridiculous charges, I prefer saving in a crypto currency and get some interest

With the bank, you aren't getting anything in return, it will simply be ripping off dear cos of some extra charges. But with Cryptocurrency you'll get reward with time as the coins are increasing.

 

[Senator]

The bank Is my surest and safest place to keep my money because if it were In cryptocurrency and it got stolen, no one qnndo anything about it. But if it was stolen from the bank, my money is still going to get me

 

[Filicit]

With the bank, you aren't getting anything in return, it will simply be ripping off dear cos of some extra charges. But with Cryptocurrency you'll get reward with time as the coins are increasing.

Thats exactly what I plan on doing, keel my savings in a coin and get interest instead of charges, but what will I do during the bearish run.