the person takes 1 BTC, lends and expects that after 1 year it will make 15% profit (sounds very tempting). But I believe this person will not be able to sleep well knowing that their bitcoin is not safe because it is in an exchange. Will be 1 year without sleep well. I wonder if it's really just worth this Lending
The information they have from me right now is useless to anybody. I don't care about it. I use binance from time to time buy/trade several shitcoins and I find them useful for that. So, no I think I'll keep using them. 2btc withdraw limit is OK too.
This is the only function of most shitcoin: buy low and sell high.
And that 1 BTC he deposited will stay locked in the exchange
for 1 year If I am not wrong. (turns out I was wrong)
It is not a good deal. If I got that right they are locked for 15 days, and the rate is %15 annually, which is pretty good, I'd still avoid because of the KYC though)
I'd rather deposit at freebitco.in and collect daily interest (%4.08/year, compounding daily) since I can withdraw my coins any time and that website has a longer history than binance.
I emptied my stablecoins on NEXO and cryptos in my Celsius account to lend it as BNB to binance. I was already a verified member and really was tempted with the rate of 15% per year. On comparison, NEXO provides a 8% daily compounded while Celsius provides a 8.1% never compounded.
I was just clicking at the exact time but it was funded before my click. Surprised, I checked if I did anything wrong. But
200,000 BNB Lending Product (Annualized Interest Rate of 15%), completed in 16 seconds with 502 participants.
10,000,000 USDT Lending Product (Annualized Interest Rate of 10%), completed in 3 minutes 24 seconds with 306 participants.
20,000 ETC Lending Product (Annualized Interest Rate of 7%), completed in 9 minutes 48 seconds with 124 participants.
