Before I got to learn about Cryptocurrency and it's decentralized mode, I was already frustrated with the drama scenes I had to bear with while using the bank for my savings. I can still remember the first day I entered a bank to get an account since I'll be leaving home soon, they made me hate bank that very day too. From the time delay to the long processes to get an account, I knew that place wasn't the best but it was the only available way to save my money without much fear.
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At this point in my life now, that is after discovering the opportunities in Cryptocurrency, I rarely use the offline banks anymore. I'm a regular customer to online banks now as they seem faster to transact with and I don't get to queue up at the bank or even at the atm, life's been easier but I know there would always be something that will take me to offline banks in one way or the other later. Until then, I'm choosing the benefits of saving with Cryptocurrency wallets than with the banks.
Choosing to save with Cryptocurrency wallets doesn't rule out totally the use of online banks for me as I need them to make use of my country's currency. Finding Hive and saving my money in form of HP, HBD and other second layer token seem to be the best way as I get to earn more from what I have saved unlike offline banks where I even get debited from my own savings... It is frustrating really.
Why I Choose Cryptocurrency Wallets for my savings?
Even though there are some disadvantages to saving with Cryptocurrency wallets, I've experienced more advantages and benefits as I have learned more on how to keep safe with them. There are risk in everything money related so I don't fret much with crypto wallets that I may lose my money, it's same feeling with using the banks but considering how more often it has become with offline banks and no profits using them, I figured crypto wallet saving mode is better.
I get to save my money in crypto wallets like Hive and earn daily with it, second layer tokens are also good investments as I get to see increase no matter how little from saving my money in it. Crypto Wallets have also taught me complexity, responsibility over my own money and keeps giving more opportunities to grow my money, banks don't do all that for me or maybe I've never tried it lol.
What the banks should do better?
I wouldn't say banks are the worse as there are some good reasons to save with them but I think they need to do better with their processes and customer care support. I can't start stating out my experiences with the banks I've visited but it all has a lot to do with the too much processes and time consuming factors. The banks can definitely do better with that and I think that has to do with the employees one way or the other so I'm guessing there should be more employees for the banks or faster machines to fasten the processes.
The banks also need to do better with the charges and cuts they take from individuals account, they may seem little for one individual but combined together, they are taking way too much especially with the fact that they don't give much explanation to why they do it. One only have to face coin price changes while using the Crypto Wallet savings mode but with the bank, money without profits get even deducted without explanations.
I'm not promising that I'll use the banks more if things are being modified for customers use without worries but it will feel much better for those who are yet to embrace Cryptocurrency and it's opportunities. I'll recommend online banking as it seem better than offline banks in terms of speed and network but the risk is higher especially with the stories heard, an offline bank will be there when you'd need to lay a complain and get a response but online banks don't.
And crypto wallets are for you to take full responsibility of, you lose your keys and you lose your money... Risky but I'm still choosing it over banks.