Can P2P replace bank deposits?

Peer-to-peer is a new financial business besides traditional bank wealth management products.

On the one hand, high returns mean high risks. From the security point of view, P2P cannot replace bank deposits, but for legal and compliant platforms, a small amount of funds can participate. On the other hand, due to the low yield of bank deposits, it is suggested to participate in low-risk varieties such as money funds appropriately, taking into account liquidity and safety.

Any investment is risky, so you need to be cautious when participating.