[List] Bitcoin Savings Accounts Providing Interest

[dkbit98]

So major services like Binance are absolutely safe unless you expect them to go mad for no reason and freeze your funds (which is still a possible risk).

Absolutely wrong!
You can't say any centralized exchange is absolutely safe, especially when we all know that both Binance and many other exchanges were hacked in past.
Binance even leaked bunch of private customer information, and you can still find images of passports with faces of people on various online forums.
I don't know what else needs to happen so that you can call in unsafe.... maybe someone brakes in your house with a gun using address from that leak.  

[Beerwizzard]

So major services like Binance are absolutely safe unless you expect them to go mad for no reason and freeze your funds (which is still a possible risk).

Absolutely wrong!
You can't say any centralized exchange is absolutely safe, especially when we all know that both Binance and many other exchanges were hacked in past.
Binance even leaked bunch of private customer information, and you can still find images of passports with faces of people on various online forums.
I don't know what else needs to happen so that you can call in unsafe.... maybe someone brakes in your house with a gun using address from that leak.  

Feels like some people stuck somewhere at 2016 when it comes about exchanges.
Binance, just like any other organization have some vulnerabilities that are unknown for the time being. But when you you work on this exchange then you cooperate with a "real-world" Binance that have a "real-world" obligation to return your money or they get problems with a "real-world" law. Also, it appears that security made a leap forward so hackers couldn't empty the entire exchange balance and Binance itself is one of the largest whales that is able to repay possible hacker damage.

Once again, when you work with centralized cervices you need to check if service itself is trustworthy. And in case with Binance it is.

[nullama]

You can add ledn to the list:

|  ledn      |     6.25   |         Daily           |      None        |        None        |    No      |    USDC   |

But it's worth repeating. Not your keys, not your coins. It's up to each person to see if it's worth for them to put their Bitcoin in these companies.

[Garmo]

You can add ledn to the list:

|  ledn      |     6.25   |         Daily           |      None        |        None        |    No      |    USDC   |

But it's worth repeating. Not your keys, not your coins. It's up to each person to see if it's worth for them to put their Bitcoin in these companies.

Thank you. If anyone finds another savings account service, please let me know!

[T-800]

I made a website with a exhaustive table on this! You can find it here: https://extracrypto.cc/interest-rates/all-cryptocurrencies/. And you can compare more info on the platforms here: https://extracrypto.cc/interest-rates/platform-features/

Feel free to add anything you find there to the list in this thread!

[Garmo]

I made a website with a exhaustive table on this! You can find it here: https://extracrypto.cc/interest-rates/all-cryptocurrencies/. And you can compare more info on the platforms here: https://extracrypto.cc/interest-rates/platform-features/

Feel free to add anything you find there to the list in this thread!

Excellent job on compiling everything. From now on though, I'll add the ones that provide >3.0% APR once I come back home. Any lower than this wouldn't be worth it.

I'm curious, how much do you cash in in referral income? I've gotten quite interested affiliate marketing, passive income and referral commissions, and recently have started promoting the link in my signature over the web. Thus far, I managed to score one proliferative gambler.

[T-800]

I made a website with a exhaustive table on this! You can find it here: https://extracrypto.cc/interest-rates/all-cryptocurrencies/. And you can compare more info on the platforms here: https://extracrypto.cc/interest-rates/platform-features/

Feel free to add anything you find there to the list in this thread!

Excellent job on compiling everything. From now on though, I'll add the ones that provide >3.0% APR once I come back home. Any lower than this wouldn't be worth it.

I'm curious, how much do you cash in in referral income? I've gotten quite interested affiliate marketing, passive income and referral commissions, and recently have started promoting the link in my signature over the web. Thus far, I managed to score one proliferative gambler.

Thanks for the compliment

Definitely haven't made enough from referrals to make it worth my time yet, but I hope that changes. It's really hard for something like this to get any traction at all. I also wouldn't call it 'passive income', as I've already sunk hundreds of hours of work into this, and will have to continually update it to keep it going.

Putting your crypto (mostly stablecoins) somewhere to earn interest is passive income though, which is what got me interested in making this website in the first place

By the way, Ledn.io just lowered their BTC interest rates to 5.25% today, and BlockFi lowered them to 4.00%.

[MonsterV]

The problem with all of these services is that you are giving up control of your private keys, so you are trusting the service not to run away with your coin, or let a hacker run away with your coin. If you are receiving interest for your deposit, the service is also obviously lending out your coin to other customers, which means you are also risking that borrowers will not repay the service in large enough quantities that the service cannot repay you.

Good point, I was planning to save my Bitcoin to one of the service and I am about to look what could be the cons of this services since the OP did not mentioned anything about the cons of saving the money on this services. It will be risky to transfer your savings if you surrender your Bitcoins to them and trust them, I didn't say that they can't be trusted but you should think the worst that can happen.

[PrimeNumber7]

The problem with all of these services is that you are giving up control of your private keys, so you are trusting the service not to run away with your coin, or let a hacker run away with your coin. If you are receiving interest for your deposit, the service is also obviously lending out your coin to other customers, which means you are also risking that borrowers will not repay the service in large enough quantities that the service cannot repay you.

Good point, I was planning to save my Bitcoin to one of the service and I am about to look what could be the cons of this services since the OP did not mentioned anything about the cons of saving the money on this services. It will be risky to transfer your savings if you surrender your Bitcoins to them and trust them, I didn't say that they can't be trusted but you should think the worst that can happen.

When considering to deposit your coin in one of these types of services, you should consider if the risks associated with entrusting your coin with this service is risk the potential interest payout. Part of this would include your judgment as to the risk the company is an outright scam, and the risk that the company will get hacked and will be unable to payout your deposit plus interest (or will be otherwise unable to payout your deposit plus interest).

[aoluain]

^
I have been using Blockfi for over 1 year and have not experienced any negative issues.

But there is no way I would put all of my Bitcoin or even half of my holdings on that or any
similar platform. I would guess everyone is aware of the saying "invest only what you can
afford to lose" - the same applies to these platforms also IMO. Handing over your posessions
to these platforms means they have full control of them and you have only the control they
allow you to have.

But having said all that I have given them a portion of my Bitcoin in order to earn a little more...
at a risk.

[nullama]

~snip~

Feels like some people stuck somewhere at 2016 when it comes about exchanges.
Binance, just like any other organization have some vulnerabilities that are unknown for the time being. But when you you work on this exchange then you cooperate with a "real-world" Binance that have a "real-world" obligation to return your money or they get problems with a "real-world" law. Also, it appears that security made a leap forward so hackers couldn't empty the entire exchange balance and Binance itself is one of the largest whales that is able to repay possible hacker damage.

Once again, when you work with centralized cervices you need to check if service itself is trustworthy. And in case with Binance it is.

People trusted their money to Quadriga in 2018:

Cryptocurrency exchange that went under in 2018 was a Ponzi scheme, regulator's report finds

You just never know if/when a centralized company will lose your money.