Bitcoin Forum

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

BigOne is a popular exchange but as I see they are providing a fixed term deposit i.e. you can't withdraw unless your term completes and providing just 6% annually. More popular and trusted platform NEXO provides a simple saving account in and out anytime with 8% yearly interest. They are insured by bitpay and are quite trusted and they credit daily compounding daily and can withdraw any moment.

Is the "BigOne" an exchange? Doesn't sound established... so I would be careful if I were you till am sure. Besides, not a good idea to leave a lot of funds on custodial exchanges.
Not enough details on the "fixed term deposit". https://bigone.zendesk.com/hc/en-us/articles/900000930363-USDT-Fixed-Term-Deposit
Doesn't look too convincing by the way

Who did you notice? and what is the name of the USDT Fixed-Term Deposit campaign every Monday? because I have never heard of such a campaign and I am also curious about those you notice, try to explain as completely as possible here, do not try first.

I have heard of this exchange bigone but I really think it's not so easy to use,or there are things or requirement before one can use the exchange,because I notice some hunters got a token to trade since but they are still holding meaning the exchange isn't easy to use after all

It is your own decision but personally i do not trust much on third party exchanges with such programs simply because it is like giving your hard earned money to someone and you never know after a year the exchange will still be around or no, even if you want to do that do it on top 3 exchanges that are reputed, trusted and registered.

Are you worried about this exchange? Well, it is normal if we put our awareness of some kind of exchanges that are not popular enough. However, you can find some facts about Bigone exchange right here by now:
1. Bigone exchange has been listed on CMC, exactly rank 111 with quite a big trading volume ($198,735,353)... But of course, we should not only see an exchange based on the rank but also its reputation. (https://coinmarketcap.com/rankings/exchanges/)

2. Do you mean this event held by BigOne?
https://big.one/coffer/regular/42
It is about we are investing at least $100 to this exchange to get profits. But, when I read the rules and regulations, personally I won't consider joining this. this is too risky to take and do. let's analyze their T&C:

Can you see the point per point? This investment only lasts for 2 days (1-2 June), must deposit with quite a high amount (for me), must wait for investment maturity until 30 fixed days and you can't withdraw them before it.

I don't think it can work well, moreover, who should we believe to? I have checked the BigOne social media, they are not as active as the other exchanges.

So here, think by yourself to decide whether this is valuebla and avaiulable or not.

I know of Bigone exchange and I have used it once or twice and the experience was smooth, but about this USDT Fixed-Term deposit, am just hearing about it. From the name it looks like you will deposit some of your USDT which will be locked and maybe every Monday you get something out of it, this is just what I assume it is. However, before getting involved with anything about investing it's better to ask the team questions because they are the ones in a better position to answer correctly. Also, in situations like this, make sure you read the conditions surrounding it so as to make good decisions.

I have never sent money on it either. I was also afraid of not knowing how safe it was. It is better not to do anything when we do not understand them. I want to know the interest rate when depositing fixed term USDT.

I was not aware of these kind of investment. 6% to 8% is not a big deal and that too in online companies and you do not have a guarantee what will happen to those exchanges if there is a major hack and historically we never had good things happen in our short period of this market and i would rather invest in bitcoin or other similar coin and make my profit rather than holding in an exchange.

They got me in with 6% annualized interest rate. I use it when the market environment isn't that good and I have some free USDT so I deposit them. It generates some profit for me, not too much tho, but it is safer than trading. And it's money on work anyway. So I'd say it's worth trying if you have free usdt. Money should be always rotating and generating new money.

One question i would ask is that why would you need or even want a certain fixed term deposit on a centralized crypto currency exchange that can go away in no time with nothing happening?

You have several shots at staking tokens or node, but you want to fix your hard earned usdt ?
Why not try Gold investment or hodl with bitcoin ?

Do your researches, and remember your choice is your power.

What is bigone? Never heard of anything in that name. Personally I will never try anything like this.

Recently I come across an advertisement about tidex is offering interests on USDT balances. I remember that I had read positive reviews on tidex, still I will not try them as past reviews may not help me when I will be risking my hard earned money :P. I wish everyone should not risk anything like this. At the same time, many people are holding balances in freebitco.in for earning 4% on daily basis. Due to their long running and the ability to maintain their reputation, we may try them. Still, anyone should act as per their own due diligence and not just due to my opinion/suggestion.

I doubt about OP's intention for opening this topic. Because, most of the time shills from scamy business do ask questions like this to lure innocent investors here. OP could be an affiliate of bigone and may trying to promote their business in the name of asking doubts.

Ok, so this is like the other exchanges offer for annual interest term fixed deposits. I have not heard about bigone but as CMC's data, they are on rank #83.
Like MascharonoM said, if you have spare USDT and you think that you'll ever need it in the future. You can try this feature but as much as I want, I'll not take a risk with these fixed term deposits on this exchange. If Binance and other top exchanges, I'll place it there.

1 Month with 6% Interest rate sounds good but not really sure about that exchange even with big trading volume, I'm Curious too about this but basically it's depends on your decision mate, Just make sure to make some research before and be careful!

I think I have actually heard the name Bigone but can't really remember what it's for, if it's an exchange and they have enticing packages to attract traders,do more research before you send your funds there, I can't say much because I haven't traded there before.

Please, could you kindly what does it mean? It is something like an investment? That you are give them USDT and they will give you back after some time plus interest?

I wouldn´t trust these newly created exchanges anymore. Even they are honest, they can´t resist hacker attacks like Binance, so even they not scam you, they could loose your money by a hacker attack.  ::)

I have not heard of this BigOne exchange but in my opinion it is better to focus on safer things for example binance offers more than 8% per year on the tether perhaps it is better to invest them there...

never, because for me its better to trade our capital rather than keep it quiet on exchange mate even with an interest annually

Yeah I'm down for it after doing some research. It basically just like the fixed term deposit but we are gonna using the USDT, they offer higher AROR about 6%, and the minimum period is not that long only 30 days. Well for me I trust BigONE according to my previous experience.

I have no experience with Bigone but Nexo do offers one of the best interest on saving stable coins. They provide 8% per annum on deposit credited and compounded daily of any stable coin and you can withdraw them anytime in any of the supported stablecoin. i.e. you can deposit any amount of any USD stable coin and withdraw to any supported USD stable coin without any fees. Celsius is another option but they have complex terms and amount strategy that makes their interest rate lower than of NEXO.

yes I agree with you, even though every year we get a dividend of 1%, but the amount is too small compared to us trading and making profits. maybe 1% can we get in several times as long as we trade, as long as we are smart in choosing tokens

Don't waste your time to do investment like this when your amount investment only a few bucks or hundreds dollar.

Is not really worth at all waiting for the profit around 1-5% with a long time, better to trade your money if you chasing a profit 1%/days. In 5 days you already got the entire percentage investment they offer to you. This kind of investment was a safer investment and only suitable with a huge fund hundreds of thousands of dollars so when waiting the profit was really worth it.