Reports have it that bank frauds still continue to happen despite of strict security measures being taken by the banks. Just between January to July 2018, just timeshare fraud alone had 1.155 reported cases. It's when youre told you can go on a free holiday or get rich by joining an exclusive holiday club or timeshare programme, but youre eventually forced to pay for it through small print in the contact. That is not to mention other types of fraud like identity theft etc.
This gets me thinking, is it safer to just have bitcoins, or cryptocurrencies for that matter since it's not regulated by banks? What do you think?
If one can't thoroughly read a contract this means he is not competent enough to make ANY kind of a deal.
I would call such an individual a mentally retarded one if I wasn't aware of the persuading power of bank officials.
What I mean, banking is definitely not safer than dealing with crypto - in the latter case you can even more easily be scammed or hacked or whatever.
