What if I told you I’ve never considered creating a bank account? What if I said I’ve always wanted a way out of the centralised way of doing stuff but then I never knew there was something we called crypto?
Obviously, I started to learn about many aspects of crypto and here I am today. For anyone who knows a bit about crypto, you’d definitely be for crypto wallets. I don’t think anyone who knows a bit about crypto will eventually wanna work with a bank when you know you can complete a transaction in just a few seconds as compared to the hustle you’d have to go through at the bank. Even the queue at the bank these days is such a turn-off.
I mean why will I have to queue and do something when I can just sit in the comfort of my home and do all that. To be honest I don’t have a bank account but then I’ve had bad experiences with the banks. I remember there was this particular day when I had to pay my school fees for the first time at the bank.
It was after I got admission into the university and as such I had to do everything at the bank to confirm my admission into the university. Would you believe man had to go as easily as 9 am and eventually leave the bank at 6 pm without paying the school fees? According to them, the network was down when it got to my turn.
I thought it was a simple problem and as such I wanted to wait for the network to get fixed but it didn’t get fixed.
That’s just one aspect of the problems we face at the bank. But then I will Center on savings. Which is better and why do I prefer one over the other? Well, you already know I don’t have a bank account but then I do have a mobile money account. With this mobile money account, I have access to a bank called Fidelity which I do save money on from time to time. I have a fixed fee which is debited from my account daily to cover that.
With what I am doing I know what I put there is what I’ll be getting at the end of the month or whenever I wanna remove but then if I were to be saving that money in let’s say my hive wallet, I know I’d be getting some interest at the end of the month. With the fidelity, I’d be getting interest too but then it’s really small.
One other thing I really hate about my type of banking is the unplanned maintenance I usually don’t know of. There have been times I really need to get money out but then I’d be stopped since there is maintenance which I didn’t even know of. With crypto wallets, you are sure to really hardly ever face this problem.
With crypto wallets you know your keys mean the wallets belong to you. No one can freeze your accounts or even decide to take out your funds without your permission unless you’ve been scammed.
I’d always choose a crypto wallet over a bank account. I know a lot of crypto folks will choose this since it’s more convenient and reliable. Hopefully, in the future, we won’t need to change crypto to fiat in other to use it in real-life situations.
