(Bs) They control your account | (BTC) You control your "account" (a bitcoin wallet uses a private key required to make any transactions, basically nothing happens unless you permit so)
(Bs) They tell you what you can do. They can freeze your account | (BTC) You can do what you like, send $0.01-to millions of $ to anyone nearly instantly. Send $100 to help children in a sanctioned country without it being flagged or stopped
(Bs) Insure your money but probably up to $100K. They're subject to corruption, fraudulent operational activities and hacking | (BTC) Uses military grade cryptography thus a million more times secure than a bank (as long as you keep your private keys private)
..The bitcoin blockchain (which validates and automates the movement of bitcoins) is near impossible to hack or corrupt (it hasn't been hacked to-date). Bitcoin/crypto exchanges (which are centralized like banks) can be and some have been hacked.
Store your BTC in a Bitcoin wallet. A wallet that you have it's public AND private key. The likes of a bitcoin/crypto paper and hardware (eg. Trezor, Keepkey) wallet.
(Bs) They own your data (it's private) | (BTC) You own your data (and its public; transactions log)
(Bs) Charge numerous kinds of fees and 100x or more expensive to move money compared to BTC | (BTC) Near 0 (negligible) fees on transactions (“and free on #EOS & STEEM”)
(Bs) Takes days to move money across
Here is an Extra Free Upvote for Great Content from @onepagex
Cheers!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a free upvote by @OnePageX
OnePageX.com is the fastest way to convert STEEM and other assets to over 140 cryptocurrencies!
Great Rates, Low Fees & Fast Crypto Exchanges!
Check out our most recent news update.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
BTC is ticking all of my boxes.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @theheralds! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit