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Shopping with cryptocurrency has always seemed safer to me, personally. I keep all my BTC/LTC/ETH in Coinbase wallets, and whenever I want to send money from t
by popinman322 9y ago
Shopping with cryptocurrency has always seemed safer to me, personally.
I keep all my BTC/LTC/ETH in Coinbase wallets, and whenever I want to send money from those wallets I need to go through multiple 2FA prompts. My debit/credit cards have never required anything more than a static number to be used online.
- tdb7893 9y agoI wish you could get bitcoin with the fraud prevention guarantees that come with credit cards
- a_c_s 9y agoIf my credit card gets stolen then I just report it to the credit card company and I get a new card (free) and all of the fraudulent charges reversed. If the bank goes under, my funds are insured by the FDIC. If I lose my wallet I can report that to my banks and get everything (except the cash in my wallet) restored to pre-loss state. If my Coinbase wallet account is hacked because I use a bad password, can I get anything back? If Coinbase as a company goes under, what happens to my bitcoins? If I accidentally send cryptocurrency to the wrong recipient, how do I reverse that transaction? As somebody living in the USA who doesn't transfer funds internationally, I'm quite well covered by existing banking regulations: I'm struggling to see how Bitcoin is 'safer' for me in any way.