Bank account VS eWallet

Philippines
March 29, 2023 11:04am CST
So do you have bank account or eWallet? So which is better Bank or eWallet? Today there are many eWallet companies also offer Crypto trading. Both have pros and cons. I use bank to transfer and temporarily store my money. But for growing money I put my money on eWallet that has Crypto Trading. So are you using bank or eWallet?
5 people like this
9 responses
@May2k8 (19788)
• Indonesia
29 Mar 23
Of course I still choose a bank as my savings and withdraw funds from e-Wallet.
2 people like this
@DaddyEvil (174430)
• United States
30 Mar 23
My daughter and I use both a bank account and an eWallet. Which we use to pay for something depends on whether we're buying something online or offline.
1 person likes this
@DaddyEvil (174430)
• United States
30 Mar 23
@solidcodes We both have PayPal accounts but my daughter also has a Samsung eWallet.
1 person likes this
• Philippines
30 Mar 23
sounds good. so what eWallet paypal?
1 person likes this
@ShyBear88 (59342)
• Sterling, Virginia
29 Mar 23
I don't think one is better than the other its just what feels easier for that person. For myself I like a bank because if I lose my phone very unlikely, they would get into my bank account. Plus my husband can see all the bank actives from any computer or his own phone. Not hard also I can just go to the bank. EWallet mostly holds digital card not so much showing how money you have precard and stuff. Great for like going on vacation and don't want carry all of you cards. It has pros and cons like everything does.
1 person likes this
@rakski (156475)
• Philippines
30 Mar 23
I think both have its advantage and disadvantages. It depends on your needs
1 person likes this
@Icydoll (36713)
• India
29 Mar 23
I have both e wallet and bank. I like e wallet for easy transactions.
1 person likes this
• Philippines
30 Mar 23
and transferring money thru ewallet is free not like banks.
1 person likes this
@Icydoll (36713)
• India
30 Mar 23
@solidcodes yeah it charges most of times.
1 person likes this
• Eldoret, Kenya
29 Mar 23
Bank, I havent tried eWallet.
1 person likes this
• Philippines
30 Mar 23
name of the eWallet?
@ifa225 (14468)
• Indonesia
29 Mar 23
I use e wallet just for shopping online, I avoid keep my saving in e wallet. Internet can really easy to breakdown and get hacked
1 person likes this
@yukimori (10192)
• United States
29 Mar 23
I think pretty much every member here should have at least one e-wallet account, since myLot sends payments through PayPal. I'd rather stick with using my bank account, though. Here in the U.S. there's something called FDIC insurance, so balances up to a certain amount in FDIC insured banks are automatically backed by the federal government. Most of my investment stuff goes through a brokerage account.
1 person likes this
@sol_cee (38669)
• Philippines
30 Mar 23
Gcash is very convenient for me!