I prefer crypto wallets to bank accounts.

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(Edited)

I choose crypto wallets over bank accounts.

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There are plenty of things to talk about this beautiful prompt given. I will be breaking the topic down according to my knowledge and understanding .here I go
Firstly, I want to say something about what we call bank accounts and crypto wallets, also their advantages and disadvantages, then I will tell you the one I am going for and the reasons for it.

Bank accounts
Banking system nowadays has gotten countless flops which reduces the fidelity of customers to save their hard-earned money with them. I will talk base on what is happening in my country because I don't know about other country, Maybe someday when I get the opportunity to travel and do business there, I will know their banking systems there. I proceed, I think part of what scares people nowadays banking system is the issue of the government policy in the country, for example, Mr. Tobi total monthly income is a 100,000 (Hundred Thousand Naira) and as time went on things changed about his business, I mean there was massive progress in his business which make his monthly income increase to 10,000,000 (Ten million Naira) then next thing we are going to hear is that he won't be able to do any transactions that he will need to give the bank management proof that he is truly the owner of the money .can you see what I am saying it is really crazy, when banks are making you pass through a lot of stress because of your money., I think this scenario is really making crypto have more of an edge than the banking system and the way I am seeing things in a few years to come crypto will surely take over the world, you can see the facts there? Furthermore, I think every normal human being hates stress, especially them being stressed about what is theirs.

Crypto wallet
To me, cryptocurrency is a God-sent thing to humankind because it has made it so easy to transact, save and also do other things.I enjoy using cryptocurrency since it improves your financial situation. If you have a cryptocurrency wallet, you will never experience withdrawal anxiety or any other issues, regardless of the value of the money you have there. The only disadvantages that crypto has, of which I think it is very normal to those that are in the system because they know how it works, is the rising and falling of the worth of your money.
When anything depreciates, for instance, if you acquired 100 hives at a cheap price intending to sell them back at a higher price when it rises as predicted, you only need to keep your cool and wait patiently for the time it will make you money.
When you are patient and not hurried, Crypto appreciates it.

Why I will choose crypto wallet
To me
1.it is reliable
2.When you don't forget your login details, you are good to go.
3.It saves you stress.*
4.It is straightforward to sell and get your money quickly.
5.no issue of E.F.C.C.
6.It gives peace of mind.
These are the reasons I am picking a crypto wallet, you won't be facing bank problems like, you're queuing for hours before accessing your money and more so.

Thank you for reading my post.

This is my response to the hive learners prompt, week 72, edition 2.



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Cryptocurrency will dominate the world no doubt. But there are still many things that should be changed to make it more reliable. Like you, I also have faced many things in the current corrupt banking system. Thank you for sharing your ideas with us.

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Thank you for stopping by

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"... If you acquire 100 beehive at a cheap price intending to sell them at a higher price when they rise..."
What if they keep falling and it's taking too long to rise, lol.
Your points are valid though

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(Edited)

It must surely rise , that is crypto for you , only newcomers in the game don't understand, in this game you must be patient or else you won't enjoy and make profit too,

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I see, I believe you bro. I in the same boat.

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One thing with decentralized system is that it is a work in progress and I believe that the few grey areas would be addressed with time. Centralized system has reached its peak of development. I pick decentralized system.

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That is really true , thank for stopping by

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Your points are well-defined but I will love the centralized method of savings because if my bank do anyhow I can show them the stuff I am made of, but as a lady, if I am scammed I will just be crying because I don't have the mind.

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(Edited)

You've made quite some valid point in distinguishing both. However, the fall in the value of money is a more scary sight to me than any stress bank gives.😂

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Hmmm lolzzz , everyone has their opinions

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Decentralized system is the best to keep your money safe without any form of unnecessary, and harassing investigation from the government. I concur with all the advantages you stated about crypto and like you said, it's truly God sent.

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Yes all you said it true , thanks for stopping by

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