Fixed interest (up to 12%) on BTC, ETH, USDT while holding

[beerlover]

This topic must be another perfect example of scam attempt in the name of discussion.

OP's account registration : December 17, 2019, 01:47:51 AM
This topic's time             : December 17, 2019, 02:59:58 AM
This BTT account was opened purposefully for this topic but open-post was composed like seeking casual opinion from this community. A new account when it was created to introduce a new services then they will go like we are doing this and we are offering this (even it will be a ponzi/scam attempt) but here stating everything like an end user which means hiding as an end user which signals OP might be owner/team member of this services.

I have come across few interest providing services for crypto deposits. I am not sure how you people are convincing yourself to try such services even after hearing 100s of exchange hacks and scams.

Your crypto will be safer only when it resides within your wallet where you control the privatekey. Bitcoin provided 10000% growth from January 2015 to November 2017. I bet no banks will be afford to provide us such a massive returns for your investments.

I will try an interest providing services for my cryptos when they ask me to submit a signed message for proof of holding cryptos. I know that never will be possible .

[ChrisPop]

HaruBank is backed by a Singapore based blockchain investment firm - Block Crafters Capital - which operates similar to a hedge fund. Be careful when putting your crypto in this kind of investment programs. It looks like a "bank" which the society think of as "safe", but your deposit is not guaranteed in this case by no entity and that "interest" is in fact a "return" of the investment activities performed by Block Crafters Capital. If BCC bankrupts most probably you will be left without any of your holdings.

[examplens]

HaruBank is backed by a Singapore based blockchain investment firm - Block Crafters Capital - which operates similar to a hedge fund. Be careful when putting your crypto in this kind of investment programs. It looks like a "bank" which the society think of as "safe", but your deposit is not guaranteed in this case by no entity and that "interest" is in fact a "return" of the investment activities performed by Block Crafters Capital. If BCC bankrupts most probably you will be left without any of your holdings.

as I have already said, it is obviously the promotion of a Ponzi scheme. I'm going to red-tag this user. We don't need fraud projects like this. Cryptocurrencies is already in hard position by noobs, fake investment service like this does not help.

[Thirdspace]

That's why I'm curious to know how and why people are so sure and stigmatize that the new / not-well-known service is definitely a scam, and what they choose as primary factors to evaluate.  

exactly that, new unknown service offering very high return is one of the factors
well established company and proven business model would gain users trust

If someone is giving you 12% on your deposit, they'd have to be lending it out at 14%. Which is impossible because no-one would borrow at those rates.

I see banks in my country gives 5% on certified time deposit and charge at least 10% on credit loans
and those are yearly rate, while this "harubank" gives 12% monthly?!
that means 144% yearly,... if it's not scam/ponzi then it's a very high risk investment and won't stay long

[tinyteapot]

The website is really good and professionally built at least from the homepage point of view but it is not good enough to convince me.
I search on the website for the regulated insurance or bank which can assure of the funds safety but coulld not found any.
There is nothing like that also at their FAQ https://medium.com/harubank/harubank-faq-here-to-answer-frequently-asked-questions-8bd7ea2523af