I have bitcoin here in my wallet but I don't know how to gain interest or earn more bitcoin with my current bitcoin.
So what is the best to do for my bitcoin to earn? Legit, proven and tested
Bitcoin is already a risky investment. While some think it can reach extremely high values, its price still fluctuating a lot and (in theory) it can even get back to low values.
Now, doing anything with your Bitcoin adds more risk to this.
* You can buy altcoins. Some may rise and, combined with the rise of Bitcoin, it means .. moon. But what if the ones you pick don't rise? What if you are not patient enough and sell back at loss? Yeah...
* You can put (some of) your
BTC on exchanges and use their lending feature. But their disclaimer tells that in certain cases you will not earn (slim chance). Also, keeping the money on others' hands is risky - exchanges do get hacked now and then.
* You can invest in gambling sites (invest in house, NOT GAMBLE). Some are legit, some not. Sometimes the house wins, sometimes not. And again the money is in others' hands.
It's up to you. I do have money invested in alts, I have Bitcoin on paper wallet, I played with lending too (small amounts).
Until now the altcoin investments were the "most interesting" ones. Some became dust (literally) and some are already 4-9x bigger than what I invested.