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Title: Bitcoin Interest earning Post by: pefax75 on February 05, 2021, 08:58:08 PM what is the best and safest site to earn interest from my bitcoin?
Title: Re: Bitcoin Interest earning Post by: JeromeTash on February 05, 2021, 09:29:34 PM The most commonly talked about are;
1. https://blockfi.com 2. https://nexo.io 3. https://celsius.network 4. https://crypto.com However, I would like to do your research about the said platforms as there may be certain things you like or dislike about them. There are some toools that can guide you as well 1. https://defirate.com/btc 2. https://loanscan.io Title: Re: Bitcoin Interest earning Post by: hatshepsut93 on February 05, 2021, 11:21:07 PM You should be really careful with anything that offers you a Bitcoin investment, because it's very easy for scammers to take people's coins and run away. If someone offers high return rates, it's 100% a scam.
But even if it's something reasonable, you should still remember that not your keys = not your coins. Bitcoin already shows extremely good long-term performance, why be greedy and try to get even more profit? You can lose all your coins that way and be left with nothing. Title: Re: Bitcoin Interest earning Post by: Poker Player on February 06, 2021, 05:12:19 AM I would add to the list: https://freebitco.in/
I also agree: not your keys, not your bitcoin. You can try to earn interest with a part of your holdings but I would never put all in there. Bitcoin is a good enough investment not to need extra interest. Just buy and hold and if you can only buy small amounts, keep dollar cost averaging. It will be profitable enough and you won't need to rely on some site's extra interest to become wealthi(er). Title: Re: Bitcoin Interest earning Post by: pakhitheboss on February 06, 2021, 05:18:19 AM Why do you want to earn interest in Bitcoin when you are getting significantly high ROI every year. Keep your Bitcoin safe in your wallet and wait for it to go to the moon. The interest that you will earn on Bitcoin by investing it on those platforms is significantly very less to what you will be earning just by holding them in your wallet.
Title: Re: Bitcoin Interest earning Post by: CryptoYar on February 06, 2021, 08:11:35 AM There are many platforms on which you are rewarded for keeping Bitcoin or other cryptocurrencies locked for a certain period of time. But there are also many difficulties that can be faced. For example, they can cancel your withdrawal request due to some security reasons and may be ask you KYC documents. This has been seen in the case of blockchain wallet However, I am listing some good platforms that you can try. Good luck
Source (https://www.hedgewithcrypto.com/earn-interest-crypto/) Edit; added gemini Title: Re: Bitcoin Interest earning Post by: aoluain on February 06, 2021, 12:10:47 PM what is the best and safest site to earn interest from my bitcoin? There is no safest because you relinquish control of your Crypto in order to earn interest. There is a thread HERE (https://bitcointalk.org/index.php?topic=5308457.0) about Blockfi which has very good points made, I personally have an account with Blockfi, I dont regard earning interest on some of my crypto as being greedy, its just another way of earning more Satoshi's [at a risk of course] I made an investment last year which has shown profit this year so I decided to put some of that profit to work earning interest, but its a very small part of what I Hodl. Title: Re: Bitcoin Interest earning Post by: Lucius on February 06, 2021, 03:08:03 PM Why do you want to earn interest in Bitcoin when you are getting significantly high ROI every year. Keep your Bitcoin safe in your wallet and wait for it to go to the moon. The interest that you will earn on Bitcoin by investing it on those platforms is significantly very less to what you will be earning just by holding them in your wallet. Because some people find it hard to believe that you can really profit without investing Bitcoin in such platforms or trading it. This is not really strange considering how today's financial system works, so if you put $100 under a mattress and take them after a year (in case they were not eaten by moths :D), the value will still be $100, but considering inflation, purchasing power of the same amount will certainly be less. For me personally, the risk of such platforms is too great, even when the interest rate is 12%, which is almost unreal compared to classic banks. Title: Re: Bitcoin Interest earning Post by: Jawhead999 on February 06, 2021, 03:25:01 PM The best site? Probably the most popular and trusted websites (e.g. Binance) even though the interest is very small than others.
The safest site? There's no sites is safe since it could be hacked or you got scammed, when you send your coin to them... you're trusting your coin with them and they can do anything with your coins. The best and safest site to earn Bitcoin interest is never exist. Title: Re: Bitcoin Interest earning Post by: Coin_trader on February 06, 2021, 03:28:52 PM Try to participate on lending services of exchange like Kucoin and Binance. It is the safest way to earn passive income because exchange set a good security to secure your lend money incase the borrower loss all the that he borrow to you. There is some method too that offer some good profit but with risk like liquidity pool and dual investment which you might suffer an impermanent loss.
Title: Re: Bitcoin Interest earning Post by: Ryker1 on February 06, 2021, 09:19:36 PM what is the best and safest site to earn interest from my bitcoin? Well, I suggest giving a try at those reputable gambling sites here, some of them offer investment to the bankroll but I will not recommend any. I just want you to have your own research than feeding you in a spoon because when you have failed, there is nothing to blame for. Indeed, --I agree with the post above, holding your bitcoin and let bitcoin will give you an ROI when the perfect time will come is worth it. It will be folded into double if the bitcoin price will go up too much. The most important is how you will keep your bitcoin safe.Title: Re: Bitcoin Interest earning Post by: RickDeckard on February 06, 2021, 09:45:16 PM what is the best and safest site to earn interest from my bitcoin? The "safest site" is kinda debatable taking in consideration the nature of BTC. I'm going to leave you a link to an answer of mine to a similar thread about this same question that was posted earlier on Bitcoin Discussion subforum - https://bitcointalk.org/index.php?topic=5315224.msg56285172#msg56285172Everywhere I read tells me it is not a good idea to leave BTC long term at an exchange wallet. However, the same people who say that recommend crypto interest earning accounts such as BlockFi or Celsious. Doesn't make sense to me. So I should not trust Coinbase or Gemini yet I can trust BlockFi or Celsius to keep my crypto safe? What???? You're mixing up two things, that is common for someone who is just starting in the investment world, let alone in the crypto investment world.Let's roll back a little bit: Interest earning accounts - This term has existed almost for as long as (traditional) banks do. Basically they assure you that, as long as you keep your money in a particular account, the bank rewards you a % in a way of money. The nature of this account is that your money is safe (you're guaranteed not to loose it) and you get that little % as a reward. So imagine that you have 1.000 € in an account with an interest earning of 1 % : This means that whenever the time of the contract reaches it's due (let's say 1 year) you'll be rewarded 1 % based on your account ( so you'll end the year with 1.010 € ). Be aware that my example is a very simple one. Some banks demand more than just keeping your money and such, but as an example that will do. Now some exchanges also do these type of "deals" regarding BTC. You deposit your BTC in an account and they'll reward you some interest after a while. The main problem with this methodology is the risk involved vs the (low) reward : In contrast with a traditional bank, if something happens to an exchange you will never be able to recover your investment since you do not own the private keys associated with the wallet where they are stored. Look at this from this angle : Are you willing to leave those BTC (whatever the amount is) in a random exchange for 40+ years just to benefit from a small interest earning? The risk / reward seems feasible for you? I tend to stay away from low interesting earning account simply because the traditional banks are the ones that end up winning while you get your money "stuck" in some bank account, milking away that pesky 1 % fee. I tend to look to other investment vehicles as an investment (which end up being more risky understandable). My opinion for your particular case? It's just not worth considering the risk involved. Just get yourself a desktop wallet (Electrum) or if you're looking for an "upgrade" in safety just get a hardware wallet - I recommend Trezor.io. You can find an overall list of wallets here - https://bitcointalk.org/index.php?topic=1631151.0 Hope I was able to show you the risks / rewards you're looking at. If I wasn't clear in any phrase just let me know. Title: Re: Bitcoin Interest earning Post by: Stalker22 on February 06, 2021, 10:30:19 PM what is the best and safest site to earn interest from my bitcoin? Well, I suggest giving a try at those reputable gambling sites here, some of them offer investment to the bankroll but I will not recommend any. I agree that investing in a casino bankroll is not exactly the safest investment. Your investment will depend on the gamblers and their luck on that platform. Although not big, there is still a chance that you can lose all your funds if some whale get lucky and win big. Take for example what happened to the yolodice investors a couple months ago. Title: Re: Bitcoin Interest earning Post by: pooya87 on February 07, 2021, 06:11:37 AM what is the best and safest site to earn interest from my bitcoin? Well, I suggest giving a try at those reputable gambling sites here, some of them offer investment to the bankroll but I will not recommend any. I agree that investing in a casino bankroll is not exactly the safest investment. Your investment will depend on the gamblers and their luck on that platform. Although not big, there is still a chance that you can lose all your funds if some whale get lucky and win big. Take for example what happened to the yolodice investors a couple months ago. Title: Re: Bitcoin Interest earning Post by: hatshepsut93 on February 07, 2021, 08:48:50 AM I agree that investing in a casino bankroll is not exactly the safest investment. Your investment will depend on the gamblers and their luck on that platform. Although not big, there is still a chance that you can lose all your funds if some whale get lucky and win big. Take for example what happened to the yolodice investors a couple months ago. As long as casino's risk is properly managed, this isn't really a problem, because a good casino owner would never create a situation where it's possible for the house to get ruined. I'm investing in YOLOdice for 4 years now and got a total of 44% profit over this time. That recent drop is just small variance that happened in the past many times. Casinos can't guarantee you that there won't be short-term losses, but in exchange you can get higher returns than what other investing options can offer. Title: Re: Bitcoin Interest earning Post by: Stalker22 on February 07, 2021, 09:30:42 AM I agree that investing in a casino bankroll is not exactly the safest investment. Your investment will depend on the gamblers and their luck on that platform. Although not big, there is still a chance that you can lose all your funds if some whale get lucky and win big. Take for example what happened to the yolodice investors a couple months ago. As long as casino's risk is properly managed, this isn't really a problem, because a good casino owner would never create a situation where it's possible for the house to get ruined. I'm investing in YOLOdice for 4 years now and got a total of 44% profit over this time. That recent drop is just small variance that happened in the past many times. Casinos can't guarantee you that there won't be short-term losses, but in exchange you can get higher returns than what other investing options can offer. YOLOdice investors in LTC bankroll were racketed last year and I'm not sure if they've recovered yet. The loss of almost 80% of the funds isn't really "just a small variance". ;) Title: Re: Bitcoin Interest earning Post by: akirasendo17 on February 07, 2021, 02:16:30 PM Stay away from new sprout websites or sending you email or messages offering you interest in your bitcoin by depositing to a certain site, if you are unsure and feel something fishy just ignore it and just keep your bitcoin, most of the scams now are offering super high returns they will let you gain once but after that, they will disappear together with all your bitcoins, take care, sir of your, bitcoin.
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