Bitcoin Forum

So, I have small amount of cryptocurrency I bought and mined over the years and will HODL, but I am seeing news articles and advertisements about earning interest on my coins. And the returns are not bad--5 to 7% per year.

It seems BlockFi is the front runner. They seem to have partnerships with the major US crypto exchanges, e.g. Gemini and Coinbase (I am in the USA). I am also googling and trying to educate myself.

But, I have serious concerns about learning my crypto to 3rd parties. What happens if the institution that I loan to, for example BlockFi, goes brankrupt? I assume I will lose my crypto. Would it be safer to loan to an exchange and I don't run that risk?

What are your experiences so far with loaning your crypto?
What place do you loan to, or recommend loaning your crypto to?

This is all going to depend on the crypto you're trying to lend/what you're holding.

There are sites like defipulse aimed at offering a comparison between decentralised options and exchanges are also a good route to go down.

I think btc can normally make 1-2% a year so if you're making more than that where you suggested then as long as they're legit they'll be a good choice. I think most of this stuff is quite risky though still so I'd try not to risk it all if I were you.

I would rather take this option than to risk out my coins and letting those platforms hold into it.When it comes to risk then theres no doubt to that.

It is much worth if you do just simply hold off your coins into your own wallet and earn percentage which is way more that these platforms/services can offer.

Not only you do only hold up your own coins but also you can earn more than on what you are aiming.You can really sleep well at night without having those kind of
worry and thinking about being scammed or some sort of hacks.

You never specify the type of you one over the years and the ones you bought but I would want you to be careful with depositing your funds into a custodian wallet. While locking your coins comes with terms and conditions, hope read that before you proceed and again, the status of market may change, locking this fund some times cannot be undone until a specific period is reach though some allow you to move your funds anytime you feel like.
I don't know the type of coin you are holding, I would have suggest you get Atomic wallet and stake your coins and move them any time you fit. It's a non custodian wallet, meaning you own your private key and phase phrase or mnemonic seed.
Stay guided my friend.

I currently hold these coins--BTC, ETH, LTC, XMR, and ZEC.

I tend to agree with what most of you guys are saying. There is a real risk of losing my coins if I lend it out.

There are other platforms that you can make use of apart from Blockfi, though Blockfi is still a good one if you’re going to be doing that, 7% annually isn’t a bad one, because some of them that I know wouldn’t pay you that much. Take for example Luno, they are paying 4% per annum, which isn’t that much like that of BlokcFi, then there is also Blockchain wallet which is also doing the same thing, and there is Crypto.com, can’t remember their percentage per annum. But you can still go for that BlockFi, it’s popular and has been around for sometime.

Bitcoin for example has appreciated significantly since last year till now, if one was to have loaned out their Bitcoin at the start of last year, it's not possible the interest on loaning it will be close to the ROI they'll earn if they had held it. The risk is also definitely not worth it, just as storing coins in an exchange wallet is risky, so is loaning your crypto out.

If you're an investor, it's in your best interest to select coins that can appreciate in price overtime, you naturally make profit from such coins as time goes on and they appreciate, I'd most likely even think that if you want to consider loaning out any of your crypto, it should be shitcoins that you're really not sure of for the long term, and then again, such services wouldn't accept such cryptocurrencies.

I don't know, OP.  Look at what the crypto market is doing right now and ask yourself if a 5-7% profit on top of all the capital gains you probably made is worth the risk of lending out your coins.  Me, I probably would not take the chance and I'd just hold onto what I have for the long term.  Anytime you're not in control of your coins, you're probably going to be anxious--and for good reason, because the entire crypto space is rife with scammers, and even reputable exchanges have been known to go bust overnight and without warning.

Some folks might recommend going the DeFi route, but I don't know much about that and I'm not sure how safe it is.  I hear stories of people making incredible profits on Youtube videos, but you never know what to believe.  Good luck, though.  I'd just hold if I were you.

Don't get wrong with me but I think that earning interest on your crypto is the worst decision right now. Why not to dedicate some time to crypto world and be always up to date about what happens in cryptocurrencies? It's not that hard to predict when price rises or falls. Maybe you can't trade daily and I don't even recommend, that really has a bad effect on your nerves but what about to trade sometimes? To catch only good moments? There are some moments every year that gives you the opportunity to get a good profit.

Btw if your bitcoins worth 47 000 USD today and you earn 8% on your crypto deposit and after one year you have 1.08 btc but the price is 30 000 USD, then you would be better to sell at 47 000 and buy at 30 000, then maybe hold.

Those who don't risk, don't get the reward and those who risk, sometimes get the reward :D

It's simple. In bankruptcy, there is a loss of coins. And then we start thinking, are we ready to get 5% per annum, knowing that at some point we could lose everything? That was the first one.
The second. There are more than just lending services. There are also so-called liquid pools. Their essence is very simple - you provide liquidity to a decentralized exchange, it shares the commission with you. You can google uniswap, curve or aave. For some coins they give up to 100% p.a. Then, you can look about such things as arbitrage, if you know how to programing (On the Internet they will steal your coins for sure). Or market-making. There are different strategies for limit volume, you can look and ask. I categorically do not recommend day trading. It is almost guaranteed to lead you to losses.




Sold at 47, and bitcoin go up to 120. It's a great deal, isn't it?

Is blockfi the highest rate for coins like usdc etc?  Do they require verification?

I have no experience in lending my crypto in exchanges as I understand the risk that it bears and I'm not willing to take it. The 5%-7& that you're likely to earn from them, I don't think that's worth the risk to allow them hold your crypto.

If that's the percentage that you're happy to earn, by just holding it you can even earn more than that and you're happily holding your funds without taking any risk and you're worry-free.

Glad you have made up your mind in holding. Just to add, in case the urge of finding ways to earn from your cryptocurrencies comes back (it happens lol) to avoid regrets, loan out the altcoins but NEVER you touch your Bitcoin. Now, to acquire one Bitcoin has proven difficult, hodl onto it. If possible use the little gain your get from loaning your altcoins to purchase more Bitcoin.

Check crypto.com to see if you have the minimum amount required for their staking. https://help.crypto.com/en/articles/2996965-crypto-earn-how-does-it-work

It's a good platform to stake your coins and they even offer a cool visa card if you stake a minimum amount of CRO tokens on their platform. I'm planning soon to stake my coins there so it can be a passive income to me, their CRO tokens grew alot recently.

Gaining interest in crypto is about investing in currencies it is possible to make a profit by making long term investments in currencies like bitcoin and Ethereum in crypto it is also in a much better position to hold other altcoins. To make money on crypto, you need to analyze the market and choose the right currency i think it is much safer to put a loan at risk if you put it on hold. There will be no fear of losing even if you have to wait for a long term investment, it is possible to earn double profit if the price goes up.

I would say it will be very risky to lend crypto to anyone, be it a company or any person because, as you said, they can run away any time or might get bankrupt. I'm not saying that they are fraud, but 5-7% interest on "crypto" is really high because not only you will make more money because of the price value that might go down for crypto against fiat, but on top of that you will get interest in form of crypto. However, I would better use it in rather trading and if am not free, I'll rather just hold and wait for price rise of the coin with peace of mind. Or investment in some good startups or crypto projects would be nicer too.

Gaining interest on sites like BlockFi and other sites like Celsius and Crypto.com would be good rather than just putting it on a hardware wallet and let them sit there.
On the other hand, the greatest risk of this is that you will let the company hold your coins in exchange for the interest that they will gave which is kinda risky if you will ask me. They are holding your money instead of you holding your money because there are no keys with this sites.

I'm not saying that these sites are bad and TBH they are quite good in their own ways. My advice is that just don't put all of your coins there so that if the worst thing comes, you will not lose all of them.
On my part, I tried Crypto.com and I'm gaining interest there with my ETH. I didn't put all of my money there just in case. Kinda risky in my part but I'm ready for it :).

I've put some crypto into casino bankrolls before but it tends to be a bit risky. The house edge will earn you profit long term but if some whale comes along and demolishes the the house in a gambling session, you're losing money. If the casino goes defunct, you're out everything. It's too risky. Maybe one day when major banks accept crypto the might let you incur interest, but that won't be for a while.

You have two options here, it's either you lend out your crypto or stake them for annual returns, the safest place to do this is binance exchange since the exchange have collateral funds in case anything goes wrong, also we have trust wallet and atomic wallet that allow staking in the wallet, there is no way to lose funds on this wallets, all you have to do is keep your recovery seeds somewhere safe

Be very careful when you are dealing with any project offering you interest on your crypto assets because these websites usually offer huge amount of profits to get people attention and then, they runaway after they got enough money from victims. In my own idea, even 2-3 percent profit per year can be dangerous. However, I would suggest you to think about some POS coins and tokens such as Tron instead of taking high risk and putting your investments in danger.

Just swap all your shitcoins for Bitcoin.

Isn't a 200% percent (average) annual return enough for you?

Bitcoin has been the most profitable investment of the past decade, and it looks like it also going to be the most profitable one of the decade ahead. If it maintains that rate of return, you only have to hold $1,000 in Bitcoin for 6.5 years it to turn into a million. I'm not going to say that it's going to keep that return percentage but just imagine if bitcoin were able to sustain a return of 50-100% per year. Just holding $1,000 is going to make you a lot of money. And if you start with more, you'll make a lot more. So forget about ridiculous interest rates for losing control over your investment and focus on the best asset you can invest in.

Maybe OP is familiar with banking % returns that's why he think about those percentage he say is quite good to try since he can even earn more from it for just lending his coin.

But the truth there is we cannot really assure that we can get our capital since 1 year is long for the platform we didn't know to last, so for this it's really better not to try this and just follow what people pointing out since staking your bitcoins in your personal wallet is very much ideal since we can see the real profit if the price rise.

Any service or exchange can be in such a situation. One has only to recall the situation with the hacking of Ku Coin ( I also considered this exchange more than reliable). So it is best to keep your assets in your wallet and not give them to external management.

You are partially wrong here, the interest is paid in crypto, and hence even if value of Bitcoin increase, the interest will be paid in form of bitcoin as far as I know hence any interest is all added to the net profit adding to the price surge of Bitcoin. But, as you said, it's not worth the risk and I feel like 6-7% is not that good either because if one trades, they can make more money than that in a year.

I think it depends on your currently financial situation. If you are in a confortable position and have another sources of income the risk doesn't worth, but if you need crypto currency income to increase your life quality, 6%-7% yearly besides bitcoin market oscilations will be very helpful. The risk is always there, but you can split your bitcoins among different passive income investments.
Remember the saying: don't put all your eggs in one basket.

When choosing a site to lend your money check:

• Site's reputation and for how long they have been operating;
• Check carefully their terms and conditions before investing.

It seems most platforms especially the  exchanges  are offering that  special service by paying interest  on crypto  as users lend them out. In order  to be on the safer side, I would always suggest if it is possible  to do that on a decentralized  platform instead  of the centralised  ones. Just do some research  and you would surely  discover  some good platforms out there.

I think the returns that they offer are relatively fair, considering that 5-7% per year is kinda the standard interests in general.

However, I do warn you in engaging into ponzi schemes. Some websites offer ridiculous returns in a shorter amount of time but such platform require you to invest a minimum amount in order to proceed. Last 2019, I personally invested in USI-TECH ponzi scheme where they offered 160% returns in 6 months. For the first 3-4 months, you can actually see your investment increasing in value. But when the mature date is near, their website crashed and I lost all of my bitcoins.

Make sure that when you invest on interest rates, double check the website and its genuineness. Lots of fake and scam websites are plaguing the internet space, taking advantage of this bullish run.

It takes a lot of courage and you're probably a badass if you loan what you are going to invest in cryptocurrency.

Loaning is not a guaranteed thing in a bitcoin investment especially if you're a newbie and you don't have any idea about how cryptocurrency works in the market.

This strategy is only applicable to those who are skilled and experienced investors because they believe that they can pay it and at the same time have profits with it.

For this type of purposes, BlockFi is still good one to choose. There are many platforms where you can get such things but the percentage will vary and I can't mention it right now from my end which specifically. But you already have experience and got 7%. The amount is not so bad. Already you got your answer by someone.

If you hold any fiat, tether or usdc. You can earn interest on this money by just collecting the premium on the future markets. Currently the ETH or BTC premium for June expiry is 9-10%. So all you need to do is make an account with a reputable futures exchange like Binance. Buy some ETH or BTC with your USD on the spot market. And then at the same time sell that same amount of ETH or BTC on the futures platform.

Wait until expiry and the premium will be gone and you will pocket the difference. This is more safe than doing any of this smart contract stuff on ETH which might have some undiscovered bugs. Just use 2FA and keep as little as you can on the exchange as long as your liquidation price is far away. Currently the rates are crazy. However the normal rate is usually 10% per year for USD funding.

Do you know any other legit site besides binance to do this?  So people mentioned blockfi but even though im overseas and outside the US, im a resident of a US state where i can't use blockfi.

Exactly! If after a 5x increase in fiat terms in a few months you're still willing to risk your stash for 7% then this is not about investments is about greed.

I know I'm biased about those platforms as I really don't see their utility once the bull market is over as it makes no sense for someone looking for a loan to bring 200% the collateral in a stable market and it's pure suicide to do it in a bear market when a crash like the one in March will liquidate your assets and you end up with nothing but even with all the biased is it worth to go against all the principles of BTC for an interest rate up to 7% or even 11% a year?
From my point of view, it would make sense only if you've bought your first coins at >$30k and you're totally bearish on what coming up next.

LTFTFY
..then you should change your life plan as once you're talking about not putting all our eggs in one basket but at the same time depending on something that might crash tomorrow to 10% of the value? That's no plan that's gambling!

You could look at BlockFi, Celsius, or even some of the products that Binance offers.

But none of them are going to be truly risk free assets. But that's the tradeoff that you're signing up to - you are essentially taking on a risk that whatever ventures that your funds are used to undertake and/or the platform itself will fail, in which case you may only partially recoup your principal amount.

If you are truly concerned about third party risk, lend out your coins against collateral on bitcointalk or other true p2p sites. Then you hold the collateral yourself (if your rep is good enough, ofc).

7-9% arp is not bad but is it worth it? You should store your money outside your wallet for this

thats the risk of loaning even if you say that the platform where your planning to lend is acredited by another reputable company because bankruptcy is still possible to happen to everyone else . lending your funds to an exchange is the same because tou wont still have a full control over your funds , remember not your keys not your coins .

so if i were you i will hodl my coins alone infact you are still/already earning an interest with that . sometimes we need to be contented if we wanted to be sure that no bad things will happen to us  .

lending crypto currency is always a risk even with a trusted site but is a nice opportunity.
personally I get some interest from staking polkatos and cosmos with kraken, but I am using a low amount of crypt and probably I will close after a while (1 year or max 2).
anyone has experience with other exchanges or product for staking like binance?

This is right that's why I'm not taking those platform who ask about something like this since we don't know if we can recover back our funds in the long run since anything is possible especially when you lend out your money when the price of bitcoin is so cheap and over the time it pumps hard reached another all time high for sure the situation will be questionable since the platform might lost for that instance. That's why the same as you I always prefer to hold rather than doing this option.

I have never lent crypto to date. I cultivate my crypto to make a large amount of profit. so don't be fooled by lending and borrowing crypto, because in my country this is very strange and it doesn't make sense. crypto is only good to manage and make a profit,

Till now bitcoin turned many into millionaires who had the patient to hold for a long time but with the price rallying a lot you cannot expect the same kind of profit like the earlier investors used to get. There are other coins in the market that rallied along with bitcoin especially coins with lower valuation and if you are holding those you could make a huge profit as well and some of these coins gave bigger returns than bitcoin.

Personally i do not trust holding the coins in exchanges let alone lend them.

Between pow and pos coins I will still choose pow unless the POS coin is a big altcoin like neo, you want to know why? Most new Pos coins are just luring people with ROI percentage, before a annual passes the coin will have lost its value.


If you want to stake coins for good ROI make sure the ROI isn't too high, if it's too high the project is probably a complete scam

When you let your coins in a lending platform that will gives you interest there is always risks. Though you receive profit we can't say how long this platform will run. Let us always think the safety of our asset as what others been saying not your keys not your coins. We have an option to hold our crypto or to take the opportunity on trading as there is the high chance to earn more.

Investing in Bitcoin alone is very risky, especially if you have to lend it only for interest.  How much interest is offered for sure will not be better than the profit made from investing in Bitcoin.  From March 2020 to the present, bitcoin prices have even touched approximately 500% in just 11 months.  Who is able to provide interest more than the gain from investment.  If anything, it's probably just a scam.

I had some in Blockfi, every time they wanted a copy of my passport and a facescan,i thought to my self what if they want something else the next time, something i cannot provide?

This thought alone was enough the get my crypto and stop with Blockfi all together, i feel more at peace now.

Not your keys not your crypto.

Thinking this way everything in life is gambling. Investments like this aren't supposed to return large profit sums on short run, like any other passive income investment, after all it's not a ponzi scheme. If the investor isn't able to take the risks on short-medium run this kind of deal isn't for him. However on long run the chances are at bitcoin side, that is what I believe.
Furthermore I like the idea of earning interest on crypto currency because even in a crashed and bearish market scenario you can cashout some profit without sacrificing your initial investments.

This is one reason why I never stake my coins because unless I have the private keys of my coins, I am not the owner of the coins and nothing I can do in case the platform runs away. In greed of chasing some extra coins, I don't want to lose the initial capital.

I would rather lend Bitcoins or altcoins to online people whom I know and earn interest in that manner. There are still some honest borrowers in the market who would take your coins by providing some kind of collateral or guarantee and then slowly repay the loan with interest. Overall, I don't like the idea of staking coins because it makes the rich even richer which ultimately means the coin is going to die soon.

The risk at decentralized places are two fold, one of them is hacking because we all know decentralized projects could be hacked, they do not have one organization at the head making it centralized and you can't get scammed because "d" in defi means there is no person that could scam you but that hacking problem is still valid so you should always be careful about that. And the other part is, you do get paid a lot but in tokens, so this means if the token worths 1 dollars and you get paid 100 of them daily that way you could make 100 dollars, but if token suddenly drops to 1 cent that means you are making 1 dollar per day, and all of your money will go down as well.

It all depends on some super rich folks to sell all their coins, dropping the price significantly and hurting everyone along the way as well. I personally think they are 100% worth a try if you can spare a small amount.

I agree with you and most of the PoS coins will lose their value gradually which means the interest or staking coins you earned goes towards the recovery of the loss you had because of the value drop of those coins.

If the ROI is too high then there must be continuous development in the project to ensure there are more and more investors and also ensure that the investors don't dump their coins they earn from staking. I prefer PoS coins over PoW coins because they save power but then you are right that staking coins are hard to survive in the long run because of the continuous interest investors earn and the dump that follows it.

You hold ethereum for 2 years and not much happened? What was the price at the time of purchase the ethereum and what is the price of the ethereum now? Make a comparison of that and think your self what has happened!!

If the 3rd party company is a regulated and well-established company, the chance of being insured is possible. I don't know about BlockFi but seems they are a strong and reputable company.

But everything can change overnight, as to my own decision, I won't try their service but instead, I will choose crypto-exchange with interest features. Same risk but the exchange can stand strong more.

I am lending it to blockchain.com and it is giving me good interest. I think to lend is good on the site as we hold bitcoin on that site too. In this case we can  earn additional money by lending to the site with same risk. If I lose the fund for lending then still I can lose my fund without lending.

in these times, even if the company is strong and established, few months from now and the possibility that they may not be up and running is always there. we cant tell their survival here in crypto. though BlockFi has been here since 2017 and they are pretty much doing great. but if you remember their security was breached last year - https://blockfi.com/wp-content/uploads/2020/05/Incident-Report-05-14-20.pdf

now, if you are ready to take risk for all possible situations, you can do so. but will trust my funds more in an insured platform like binance, they have  lending  (https://www.binance.com/en/lending) also on their platform.

There is always something to lose when investing, lending your coins for interest will always be risky and the ones who put their feet to risk are always the ones going to take profit when things are going good but they are also the ones losing more when things got ugly. The only safer option if you want to make money without taking a high risk is POS.

In the lending world, these companies earn even more than 20%/year if they are funding for example personal loans. I don't know how much interest they charge to institutional borrowers though. So think logically - when you're making 20% and your cost of capital is 6% you still make 14% APY. So I'd say this a pretty sustainable business model.

IMO, DeFi at this moment is more risky than CeFi simply because we don't have certified authorities that can offer insurance on audits performed on smart contracts. You don't know for sure if the smart contract is flawed or not.

I'm currently studying Sovryn - a layer 2 DeFi platform built on Bitcoin tech.

Haven't been too involved into taking and giving loans because I never needed loans while never lent to anyone because I hardly trust anyone in this crypto industry to be honest and because of the anonymous nature of Bitcoins.

If you are interested in giving loans and earning passive income then the best place I know is a section of this forum - Lending Section (https://bitcointalk.org/index.php?board=65.0).

But, before you give out loans make sure you take enough collateral from them and verify that the collateral is worth giving the loans and you might see some threads there to get an idea how lending works and what are the usual interest borrowers pay.

Lending cryptos is more riskier than lending your fiat money because there will be no compensation from the company if they got hacked or goes bankrupt before you take out your money. If you want to make money from lending cryptos then you can become a p2p lender which gives high interest rate in very small time frame but you need to collect the valid collateral from the one who is getting money from you to make sure no loss on your side if he ran away.

I wasn't aware that blockchain.com wallet has started offering staking services or paying interest on our coins. I completely agree with you that if you keeping your money in an online wallet which already offers interest or staking then it is worth getting the most out of it because if they are going to run away you would already lose all you have there so why not earn extra in case they don't and if one wallet I trust online its going to be blockchain.com (which earlier was blockchain.info)

Personally I am not into staking or earning interest on my coins because its just too risky to hand over your coins to someone you don't know and the nature of crypto doesn't help either because the one who has the key is the owner the moment you send it.

I still don't understand what you mean by not increasing. Did you kept them on a staking platform or exchange or probably in an exchange.
I don't think it's possible for Ethereum you have kept for 2 years without having increase in value.
It's either the wallet you kept the token has been outdated, needed update or you aren't holding real Ether. The last 2 years should have double your money if you have bought when market was still low.

I think these days crypto lending is becoming a pretty popular option especially with new investors. I feel that 5-7% per year isn't that bad but obviously. But this idea works only on centralised platforms like Binance or other exchanges because they can control the funds of other person or the borrower. This makes lending on such platforms safer.

I don't think POS is possible with Bitcoin Ethereum and some top currencies rest all are pretty volatile so even if you are gaining coins you might not end up gaining anything in dollars.

Hey... it is a risk/reward scenario for you.... Take a small amount of money and dump it in there and see what it does. I did this with Freebitco.in at 4% interest and it has been safe for more than a year. (This site is not regulated and even a higher risk than regulated Exchanges and their partners)  ;)

Just do not go all in with high risk investment options like this, because you might lose the shirt on your back. All our portfolios should have some high risk investments.... so just go for it.  ;D

Yeah its always been the dollar that matters when it comes to profit. That when BTC hit ATH and will try to dump all they have because they think bull market is about to end.  If you have 1BTC before this bull run and then end up having 1BTC still after the dumps, there is no difference as you didn't get richer.

OP didn't say its just BTC, he meant crypto, which means it could be ETH or just about any token that's POS. Having 50K of ADA and then stake it in a wallet and after a week of epoch he gets about 51K of ADA then he is 1000 ADA more richer than before.

All matters on how much risk you can put on in a certain investment of yours and we do know that we do have different approach when it comes to this manner.
Some do really like to play safe and just simply skip out these things and some do really have that kind of gambler mind on taking up the risk inspite of the possible loss of money.
If we do just simply try to compare or picture out on yearly gains out of these 3rd party institutions then its really not that spectacular to have that 3-4% annual gains.
To think that you can earn those interest way more higher if you do just simply hold of your coins.Always remember that it isnt our coins if you dont possess its keys or once
you handed them out into other place or wallets.So this should really bare in mind.

As others have already stated, this sounds like a risky proposition. Heres the thing, right now if anyone is offering you any sort of interest over .5% for an entire year, you need to be very careful. Right now interest rates are at all time lows. There is no guarantee whatever they are investing in will continue to grow enough to over what they’re promising back, and then some. Sounds too good to be true to me.

If it's a big company it seems like there's nothing wrong with trying, if the company goes bankrupt or something else that could harm you, I guess that's the risk. I personally have never done anything like this because I personally don't want to take such risks, but if only to start with a low initial capital of course it is a good start to finally we can conclude it will be safe for the next step.

Is that serious that you can wait for that long ? 5-7 years ?

You can do this while waiting lol
If you believe this can bring you what you desire ? then follow your dream , But for me ? better focus on your short term trading since you only have small capital to start with and just do Holding eventually along the way.

Very good point I must say. I have seen a lot of HODLers thinking they will never sell. I am myself more interested in selling somewhere around the highs so that I can buy back later you can obviously expect a correction really soon in this market. So dollar does matter. What good is a btc that gives you 20% interest in a year but after the year the value has already depreciated by 30% ideally you lost your money instead of gaining anything. I am surprised why most people don't think this way.

The market price is not consistently increasing every year, it does depend to the market behavior whether an investment will earn or not. There are just times more advisable to hold and times wherein selling will be considered. Holding alone will not lead to big and assured profit knowing that the market price could fall anytime. Interest will depend on how will this market in general will behave for that certain year. If an investor will just hold, no profit will be earned unless you have invested in its early years wherein the price is not even 10% of the present.

Obviously that is where the concept of Risk emerged from. Keeping this in another way even when you are only holding you are still taking a lot of risk therefore there is nothing like non risky investment when it comes to cryptocurrencies. moreover it depends on how much profit you expect. The interest rates which OP was mentioning are pretty low almost negligible when you compare them with daily movements of Cryptos this means betting on those daily movements is much more advantageous than to crib upon the fact that you couldn't buy early.

I also this it will be worth taking the risk if it's possible to put that funds that won't cause any bad effect on financial status. Investment in crypto always been very risky especially when they are offering a very high interest for the full year. That company must have a big source of funds to pay or they could go bankrupt because of these.

BlockFi seems a good one, and they are very popular not only in the US but in so many other countries. I have not tried lending or borrowing before, but I’m very much aware of these crypto lending platforms and I have done research on them before.

I make use of Luno exchange and wallet, they have this feature where you put your bitcoins in a special wallet that’s meant for this purpose of lending, but they will be the ones to be handling it and you can take this money out at anytime. Their annual return is around 4% which is not as much as what you will get from Blockfi. Then there is also Nexo, which is quite popular in the crypto market.

The profit expectancy is the major thing with investment. Based on the expectation will be the risk. With any form of investments there is risk, when it comes to cryptocurrency it is bit more high due to the volatile market. Lending the cryptoholdings and making an earning out of the interest is a good choice than keeping the holdings idle. As per my understanding investing is always right when you do with perfect plans. Some fear of making an earning out of investment, because it'll under third parties. For them the better choice is making use of the staking feature.

If you take a look about the intrinsic value of fiat money you will be surprised about the "value" loss during the time if compared with crypto currency. This means that is very hard to see a price collapse or anything similar to drama. Staking and lending opportunity offer another good way to protect value of crypto asset and generally speaking value of our portfolio.

In fact, I am very attracted to the opportunity to receive dividends from my cryptocurrency assets. But I am alarmed by the issue of security, especially if you need to transfer your funds to some other resource. A calmer and more acceptable option for me is, for example, staking Ethereum in the MEW wallet, where I will not worry about the safety and security of my coins.

I understand what you mean but all the companies are trusted and big unless they start cheating. I remember a case of PlusToken scam how they used to pay interest and I believe they said they are investing your money into upcoming good projects are sharing the revenue. It was such a big site and name that the crypto market was shocked and even broke last year when the news spread that they scammed.

What broke my heart was the message they left behind after scamming which was something like "sorry we run" which shows how cruel and selfish these guys can be who from outside looked like a multi million dollar company. I would be never in favor of giving out my coins to anyone just like that for a few extra dollars of income.

Besides blockfi, what legit sites out there allow you to earn interest on a stablecoin where you earn a flat rate interest and don't have to be concerned about the price of the coin?


Example, like usdt or usdc or any other stablecoin.  I heard you could stake usdn on waves but how much percentage you get?  Example you convert l0,000 usd worth of waves or btc into usdn on waves exchange, how much would you earn in interest?


Also do ppl prefer earning interest in cryptocoin like btc vs a stablecoin?

At the moment BTC is rising 4% every few days, even more than that on a single day sometimes. So it's actually a big risk to trust it to any website. If you only risk a small amount, fine, but then the problem is that X% of a small amount is a very small amount, so risk/reward is not great either.

The interest is quite high and may not be sustainable in the long run but it all depends on the project, if they have a long term plan on how they can sustain in giving their users that kind of plan then proceed but with caution, and do not pour everything here you might end up with nothing if the project failed to deliver.

If they have a legit and transparent team and project then why not right? we have seen EThereum Before in which believe to be Shitcoin but look at it now , one of the most trusted and valuable coin.
That is not how market investment go , as diversification is the best and strongest and secured strategy to use in this volatile marketing .

To be honest, I have never lent my crypto, maybe I am too afraid of the many scams that occur in the crypto world. So instead of entrusting my crypto
to a third party, I'd better HODL it in a hardware wallet. It is further safe, because we keep the private keys ourselves. Instead of chasing profits of
5% -7% per year that could risk our crypto being lost. Because we can get 7% profit in just a few days if we HODL coins that have a high volume.

Lending our crypto must be very dangerous if there is no guarantee that we have.  However, there is no loan service that does not use collateral as a risk reduction.  But for me lending our money is not a good choice because apart from the risk, there is no clear profit on lending it.  If we want to make a profit then it is better to just invest rather than lend our money to other people.

Why should I give my hard earned crypto to company that I don't know what activities they do to give me my percentage yearly, while I can just hold my coins in my wallet for 1 year and have the same percentage they would have given me. Holders of Bitcoin at $10k had earned up to 7% by now if I'm not mistaken, so why should I do such to someone that would run away with my crypto.
Also, I haven't seen any testimonies from those that deposited their crypto assets earning subsequently for a year without complaining of been scammed, so I wouldn't advise op to safe his money for any interest, instead hodl your crypto.

I think if their plan is clear and more importantly transparent about how they are spending the money and what is the model behind revenue. There are some good platforms where you can put money and they pay you interest as they further lend the money to borrowers. Although I trust none of them almost and I will not recommend any names.

Even I heard of them and now as I visited the site as this discussion is going on, I saw they are offering APY upto 8.67% which is decent and doesn't sound like a scam model.

the problem remains the same though as you lose control over your crypto, there is no guarantee you will get the control back ever again and the worst thing, you cannot do anything or make any kind of claims because everything is decentralized and you don't know even know who has your funds.

Binance provides available Bitcoin / Altcoin guarantees. but with different flowers and rules. It depends on the maturity you choose. In addition, if there is a price drop, there is Liquidity which can automatically make the Assets you guarantee to be sold automatically. My advice is better don't start with a loan. you will get more burden with the money you borrow. Many cases have actually gone bankrupt because of borrowing problems in investment / trading

Well offering loan to those forum member with caution is good for those who really worth to lend and before that of course they need to signed a message that they are the really owner for them to get a loan from him, per month is not good because of coins are in still in bull run so they can easily get profit from it also when they are already good at trading maybe per week isn't bad after all but for me it's much better if he look for another coin to reinvest his bitcoin and those he already mined coz there are lot of potential in coins nowadays as he can see the graph in the market maybe if he starts now all he need to do is to wait for the coin to be pump and sell them all at once and treat his self a good vacation or anything he wants in life.

A little note even though there are many services but with easy terms it will usually provide a higher cost. usually loan interest or transaction cuts can be higher. Using Fiat is a good thing in this case for loans. We can minimize the risk of price decline to liquidity instead of having to put cryptocurrency which is currently experiencing bullishness. 70-80% Usually will get the total of the assets that we guarantee

Lots of exchanges like Binance and Defi like AAVE is offering interest on the crypto you stake their. In Binance they are giving 6% interest on tether and 1.2% on BTC in simple staking, they have other different plans too. There are some websites like crypto.com that provide more interest than binance  you can check out those as well.

That's what I'm thinking about as said. Instead of putting it to those features, they have to be locked out for a certain period of time while earning those interests. It's not really worth it at all when you see the price of the coins you stake goes up and the percentage can easily be attained by holding it.

One disadvantage is when it's locked up and the market is going sideways and you want to sell it, you have to finish it unless you've chosen those free to withdraw out of the contract anytime.

Never done this type of investment as well. I prefer to manage my own portfolio. Though there are some perks on this kind of investment. However, if you want to move or do something about it, you can't as it is in locked period. Mostly, those who don't have time to manage their funds use this type of investments. They don't have to worry everyday what they want to do with their portfolio. However, they need to accept whatever the outcome is after certain period of time.

Thoughts on nexo.io?


What are the top and safe exchanges?  I heard Blockfi but i can't use it.

For so many scams happened I'm not surprise for someone for being afraid of those kind of investment I myself doesn't have guts to put my money on a platform that I cannot sure tht I will get a ROI or even the capital back. And I think I can manage to get that % of profits offered in trading that's why I choose to manage my own assets if we talk about investment. I don't trust any of those for now but let see if I will try it in future since still I'm not totally closing this option when I see something really good.

We don't want to be negative but things can happen unexpectedly and if it's our funds that are affected, we'll definitely be in ruckus if our money is affected.

Binance, Kucoin, Abra. Nexo is known for it even before than those that I've mentioned.

I tried Whitebit's smart staking. They have a good interest rates for upto 30% a year with USDT and 26% a year for BTC. I think this is a good idea and worth a share for you guys. Take a look.

https://whitebit.com/smart-staking

It's a good thing you have been holding onto those cryptocurrencies all this while, the value of those cryptocurrencies should be atleast x2 right now, but the idea of lending out your coins to a third party site with the hope of getting 5-7% yearly is wrong, storing or giving your coin to a third party is just too risky, our crypto's are only safer in our wallets alone, cause any third party site can easily get hacked and boom the staked funds can get stolen, then the next thing you would start begging to get your money back, instead of this 5-7% yearly while not try trading, you could make much more than that in a year with the right trading strategy.

I only knew whitebit recently after the hype on Doge and there scheduled AMA with them. I don't know if they are really trusted because they are offering a high APY for Bitcoin and USDT asset. It's understandable for DeFi coin to see this crazy APY figures since they are financing but for BTC and USDT investment is a bit sketchy.

But this offer is a steal if they are really legit.

Even offering loan to this forum is still kinda risky. Even though there are certain measures to ensure that the loan is recovered, it's still does not worth losing any amount of Bitcoin. With the price growth of Bitcoin, I do advise anyone to hold onto their coin.

It's tough decision to make as there should be lots of investigation and assessment before taking your way investing to this project, that huge APY might attract investors though it's also not going to be easy.

There are many people around this sphere who are afraid of getting scam as such offer is really decent,
with how the business works, if being successful there's  a possibilities that it can be managed to pay
investors that amount of interest, if not, then it will turned against the investors as losing money is anticipated.

Lending is always not risky if the site is trustworthy. It is not the fact how the valuation is. Because at the same time they are borrower and lender in maximum case. For example: blockchain.com is a lender and borrower. When anyone take loan from them the lender should have to provide collateral.

It all depends on you, on how you invest a coin that can give you highest percentage of profit at the same time you had fun in trading and investing a coin. If your happy and you earn at the same it means that you are effective traderr. Just make sure that you choose the right coin to hodl and trade so that you wont lose your investment.choosing the right coin and trading site is important .

I dont consider any platform to be trustworthy no matter how many years that they had been existing because they can really ran off those funds anytime.
I dont really have any much confidence with that but there are platforms out there that do give out such interest opportunity to those who do tend to lend.

Also, does 3 to 4% APY sounds interesting? no its not.

Honestly I can still do a daily work and still be on top of my coin while investing to make a lot of money. If you check algo stable coins you will see that they are giving between 1% to 3% returns and they do not have too long lockdowns, usually the locked period is about 48 hours so you would basically be getting out very frequently, you could also always go for the LP which would be giving you a decent return and you could always get in or get out with that as well, you could use it to increase your LP or just take the profits out, there is also places like beefy finance where you just automatically grow bigger and bigger instead of anything else.

Simply put there are things like you mentioned and I understand why people prefer stuff like that, it is definitely something worthy looking at, but there are things like I said as well which are best of both worlds.

As per my think about it can be picking up intrigued in crypto is approximately contributing in monetary forms it is conceivable to create a benefit by making long term ventures in monetary standards like bitcoin and Ethereum in crypto it is additionally in a much way better position to hold other altcoins.Earn cash on crypto, you wish to analyze the showcase and select the proper money i think it is much more secure to put a credit at hazard on the off chance that you put it on hold. May be there  no fear of losing indeed in the event that you've got to hold up for a long term venture, it is conceivable to win twofold benefit in case the cost rise.

Staking your coins is better than holding it in your bag without getting anything in return, the profits you might get is small but at least you didn't waste your time waiting for the right moment to sell your coin, it's killing two birds in one stone. But do this in a trusted exchanger, I'm not promoting but my friend says binance is his number 1 trusted exchange while hodling a lot of money. Because if you'll just put it in a custodial wallet in a random exchanger or site that offers staking, there's a 10 billion points that you'll never get your money back.

Depending on your crypto, you may or may not need to stake your coin just to earn profits. Let's say you're using bitcoin and is planning to trade it for something esle that can be staked, it would be better to keep it as it is as bitcoin offers better profitability compared to any other coin in the market. In terms of long hodling of course.

I think this is the site you meant : https://bsc.farm/

I don't know if its legit and what actually it provides because I haven't been into staking or earning interest on my crypto so I was a bit lost on the website.

Well, whenever and wherever you are staking there will be risk because you are giving control of your coins to someone else. I don't know if MEW provides the ability to stake our coins but if they does that's a great thing because even I trust MEW and I believe they give us our private keys so does it mean we have the control even when staking? That would be really cool.

When I first heard about earning interest on my own crypto to generate passive income, my mind was blown. This way my fantasy ever since I entered crypto, I was good hodler but never good trader. That's why I wanted to buy low and wait, wait, and get nothing except profits if the coin price increases. But interest gave hodlers like me one more reason to keep holding. I regularly check interest rates and its going to be awesome to generate interest over bitcoin, bnb, eth and other stable coins to be ready for bull markets. This is my take on it. I plan to use Binance for it by the way.

How much is it worth to you 5-7% increase in a year when value of coins you have goes up and down 5-7% almost every single day. Nothing!  Better focus in most secure ways to store them And properly hedge.

This refers to DeFi Yield farming. I would say its legit because it's run by binance. The one from Pancakeswap is on the Binance Smart Chain but since it's on Binance, its centralized so its Centralized-DeFi. The one handled by binance is only Pancakeswap, but the others mentioned like Goose, beefy etc. are not and the problem here is they may be suspect to a rug pull and your money may not be safe to be left behind there. There has been instances in the past where pools were exploited.

Essentially you stake your BNB there and farm food themed tokens like CAKE. Many people are opting to use Pancakeswap instead of Uniswap because of the ridiculous ETH gas fees recently.

Good for you that you are earning interest with your bitcoin and other coins, I plan to do the same thing but with gambling websites but I am still saving enough money so I can get good returns. To OP, I would suggest doing what @Pierre 2 does with what he/she is hodling because loaning it will not be  good for you because you might end up meeting a person that will default your loan and you won't get any profit, loaning in crypto online is the riskiest job to take because it relies on trust which is not good for you.

The problem remains the same though, if you are not controlling the private keys, you are not the rightful owner of the coins. I trust every site and I don't trust any of them depending on the situation. I always check my transaction stats like confirmation,etc on blockchain so ion that sense I trust them but that doesn't enable to me invest my coins under them for interest.

Every individual have their own preference though so I understand as @target said POS is a better option, I don't even agree with that because most of the POS coins lose their worth by the time dividends arrive.

Yes, if you hold a coin which can be staked you should do it, but there is a problem of locked funds which means you cannot move your funds in case the market is dropping you are just helpless.

Yes, there are lots of wallets that are doing that these days, almost all the wallets I am using are doing it and it’s not every cryptocurrency can make you the same interest, it varies for each cryptocurrencies and the most of them I have seen are giving around 4% interest for Bitcoin.

Blockchain wallet does that and for Bitcoin they are giving 4.4%, and the highest they give is when you hold stablecoins like Tether and USD Digital, those stablecoins are 12% annually. But the reason they are giving more for stablecoins is because of their stability, BTC, ETH and other non-stable coins can’t fetch you that much from them, since they already knows that these ones are volatile and can increase or decrease drastically.

I think it might be helpful for those who invest in crypto for a long time. In this case those investors will not get any interest if they do not lend it. And the purpose of this investment is not interest. Purpose of this investment is increasing the rate of these investment (crypto). So, if the site is legit then it is not a fact what is the interest percent is.

Why wouldn't you trust a place that has been around for years, I am not talking about for a specific one, not blockchain.com not any other place, I do not care about the name, think of a made up one that doesn't exist right now, we start a new business next month, we are in 10% APY business, even 100% APY business, and we start to give people that thanks to our business model (whatever that is) and for 10 years we manage to do it without a problem, we keep doing that for as long as possible and people are very happy with us.

Would you still not trust it? It has been doing that 100% yearly return per year for 10 years now and not a single person accused them of scamming, and everybody would vouch for it, I am sure you would at least consider it? Of course this is just an example and there hasn't been any 10 year company in crypto but I just wanted to show I think it is about specifically one company and not all companies in general.

It should be borne in mind that if we transfer our cryptocurrency to some company and something happens to it or to our cryptocurrency, we will simply lose it. There will be little or no chance of a refund to us, save for the goodwill of this company. Indeed, a few percent of the annual profit is too little for a cryptocurrency, when such a profit can sometimes be earned in it in one day. Even a very rare occasional trade in it will bring much more profit. I'm not risking that way yet.