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Title: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: bitmover on October 17, 2019, 03:38:16 PM Just discovered this
https://interest.coinmarketcap.com/ Coinmarketcap launched this new page, where you can see a list of several exchanges and how much they are paying of interest rates if you lend your coins to them. Those are the rates per year, for bitcoin BlockFi 6.20% Crypto.com 6.00% Celsius Network 4.60% Crypto.com 4.00% Binance 3.00% Bitfinex 0.29% Personally, I think those interest rates are ridiculous. not worth the risk of not holding your private keys. THere are two coins which give some nice interest rate, but I wouldn't lend anyway: Tether on binance, 10% And BNB coin on Binance, 10% also. Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: bitmover on October 17, 2019, 06:40:51 PM Not bad all those rates but it seems some bank offer more than these companies .But If you are a good trader on LBC you can make more than 8% per day . There are some other companies i dont see in your thread like Nexo with 8% and hotbit offers 10% annual interest. Why CMC only added companies with the lowest rates? Blocknance Financial International a dominican company https://blockchain.com.do going to launch its lending services internationally next month with 24% annual interest . It is not my thread, I just copy pasted from cmc. Cmc didn't add those exchanges because they are not so big or so reliable? Or they just didn't pay for cmc to be listed? Who knows BTW, in trading you can make 8% a day, or lose 80@% a day as well. This is why some people prefer this fixed income Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: hugeblack on October 18, 2019, 08:06:44 AM In such a volatile market I don't think lending will be attractive to investors because you will get more money if you speculate correctly.
Even in stablecoins, you get a little profit compared to what some banks pay. I have tried to look for altcoins (lending to them may make more sense,) but this constraint is controlled by two platforms Celsius Network & Crypto.com Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: Bttzed03 on October 18, 2019, 10:08:45 AM Nexo offers more than what's on the CMC list. An 8% annual interest with 100% Asset-Backed Guarantee as they claim https://nexo.io/earn-interest/eur
~ fixed passive income perhaps?fixed income Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: elda34b on October 18, 2019, 11:20:29 AM Bitfinex 0.29% This must be a joke of the year :D How can 0.29% interest attract a lot of users? Not to mention these exchanges will 'own' your coin. Compound or Synthetix is definitely a better option, with at least 10x more interest if you compare it with Bitfinex. Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: bitmover on October 18, 2019, 03:14:48 PM Even in stablecoins, you get a little profit compared to what some banks pay. Not in USD or EUR. Interest rates in the US are like 2% per year (https://tradingeconomics.com/country-list/interest-rate?continent=g20) and binance is paying 10% for USDT deposits. In EUR there are many countries with 0 or even negative interest rates (you can check here, 0% for euro zone https://tradingeconomics.com/euro-area/interest-rate) FOr stable coins the interest rate is good, however binance is not as solid as big banks or the treasury. Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: SamboNZ on October 19, 2019, 08:24:40 AM In such a volatile market I don't think lending will be attractive to investors because you will get more money if you speculate correctly. Even in stablecoins, you get a little profit compared to what some banks pay. I have tried to look for altcoins (lending to them may make more sense,) but this constraint is controlled by two platforms Celsius Network & Crypto.com You should know that you can lose speculation trading meanwhile here it offers profit and no lose if you invest in tether USD, its acting like a bank they use your money to generate income. Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: Markettrust on October 20, 2019, 03:00:37 AM Not bad all those rates but it seems some bank offer more than these companies .But If you are a good trader on LBC you can make more than 8% per day . There are some other companies i dont see in your thread like Nexo with 8% and hotbit offers 10% annual interest. Why CMC only added companies with the lowest rates? Blocknance Financial International a dominican company https://blockchain.com.do going to launch its lending services internationally next month with 24% annual interest . It is not my thread, I just copy pasted from cmc. Cmc didn't add those exchanges because they are not so big or so reliable? Or they just didn't pay for cmc to be listed? Who knows BTW, in trading you can make 8% a day, or lose 80@% a day as well. This is why some people prefer this fixed income Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: joniboini on October 20, 2019, 07:53:24 AM You should know that you can lose speculation trading meanwhile here it offers profit and no lose if you invest in tether USD You can still lose your coins, especially if they got hacked. As much as I like defi, I won't use Binance or any other apparent centralized lending platform. I don't want to let them hold my coins regardless of how profitable it is. Might as well invest in the traditional markets such as mutual funds if you aim for fiat interest. It's higher in my area compared to deposit interest. Title: Re: Coinmarketcap Launches Interest Rate site by exchange and by coin Post by: barota on October 31, 2019, 01:24:52 PM another new site exchange bitrue listed in coinmarketcap interest lending; give up 7 percent interest for lending bitcoin . someone try the site or have any information if bitrue is good for lending and exchange ?
crypto.com give a good rate 6 percent for bitcoin and 10 percent or more for stable coins (usdt. tusd.usdc.pax) |