emma_lewis_pilot
Fri Jun 07 2024
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6 answers
1185
Is crypto safer than banks?｜. Crypto's high risks can offer big rewards or huge losses. Crypto is not regulated like stocks or insured like real money in banks
Could you elaborate on whether cryptocurrencies are safer than traditional banks? It seems cryptocurrencies carry significant risks that could lead to substantial gains or devastating losses. Additionally, they aren't subject to the same regulatory oversight as stocks or enjoy the insurance protection of real money deposited in banks. How does this compare to the safety measures provided by banks? Is there any aspect of cryptocurrencies that might make them safer, or are they inherently more volatile and risky?
