The main difference between Crypto and Banking is that cryptocurrencies are digital assets that work in the same way as traditional money and may be used to make payments while Banks is the world’s current financial system.
Cryptocurrency is mainly sold on cryptocurrency trading platforms and stored in secure crypto-wallets. These digital currencies are decentralized and function in an extremely safe manner with very few human contacts. As a result, many people now consider them to be the financial sector’s future.
Banks provide financial assistance in the form of loans, savings, and other transactions. However, unlike cryptos, they have numerous drawbacks due to their centralized nature and biases. They’re also slower than cryptos, and some of them demand exorbitant interest rates on loans and other transactions.
