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Is Cryptocurrency slowly replacing banks as a method of saving?
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[QUOTE="Suba, post: 282732, member: 3658"] We cannot equate saving money in a bank with saving crypto, because the two have different goals. No matter how much money you save in the bank, you will never get capital gains/losses. But if you keep crypto in any wallet you will get capital gain/loss. Although both of them will also get interest or crypto staking results. The purpose of people saving money in the bank is only to finance their needs, such as buying a car or wedding expenses. while you keep crypto for investment purposes. Due to the high volatility of crypto, currently the percentage of using crypto as a means of payment is very small. So you don't have to worry that crypto can never replace banks anyway. Even though there is no specific crypto insurance, several well-known crypto exchanges such as Coinbase, Binance, etc. have insured their funds in USD. [/QUOTE]
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Is Cryptocurrency slowly replacing banks as a method of saving?
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