sumit513 (OP)
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June 26, 2017, 03:56:53 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
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satoshforever
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June 26, 2017, 03:58:06 AM |
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You mean a way to get interest on your Bitcoin?
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w0lverine
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June 26, 2017, 04:17:20 AM |
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I don't recall any in particular but you can lend Bitcoin trough some exchanges like polo and get interest back although I would advise against. Also, with RSK coming close to integrate smart contract in the Bitcoin block chain we might see a more secure system of lending and interest.
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A free world that we are in control of. In the Bitcoin space since 2013. - bc1qjm0kpgleed7q2pjv9f4l4xs6vn86lkyqplhsl9 -
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HabBear
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June 26, 2017, 04:24:29 AM |
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There are a few sites, essentially bitcoin service sites that are acting as online wallets that are paying interest on holdings.
The one i've been involved with a long time is called freebitco.in. It's a faucet and "dice" gambling site that has also started paying 4% interest on balances held.
They're paying this interest daily, that's 4% per year.
As far as savings go, are you looking for safety/security or some other characteristic of a savings account?
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The Sceptical Chymist
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June 26, 2017, 04:35:13 AM |
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Uhh...wasn't that ponzi scheme run by Trendon Shavers some sort of high interest btc bank? Look how that turned out. Bitcoin savings & trust or some such. Not that they all have to turn out that way, but until I see a legitimate bank offering the service I'm not trusting anyone with my bitcoin. And not even if real banks get involved.
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zedicus
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June 26, 2017, 04:37:24 AM |
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Are you looking for projects that will offer interest for you bitcoins saved in their specificwallet? i think there will no that kind of project,its impossible for them to earn interest for your bitcoins with them using it.I have heard freebitco.in offers interest must give it a shot if you like that
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mrcash02
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June 26, 2017, 04:38:15 AM |
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Yes, there is this feature on FreeBitco.in. The site is working since 2013, very good site (faucet, Dice game, rewards and now investment).
They pay 0.01% interest daily, 4.08% annualy interest. Balances over 30.000 satoshis are credited every day in random hours.
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noictib
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June 26, 2017, 04:40:22 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
Since currently there exists no any type of such official wallets where you can put your money and with that you can make interest . But I think if you will out your Bitcoin in the wallet then increase in the price are more than the internet that what you will get with the first money in the bank accounts . But still I have a option for you to make money with the Investment any make earnings . I am saying it investment but in reality this is not a investment and risk free also . Go at the yobit.net and create a account ( skip this if you already have one ) now deposit the Bitcoin at yobit wallet and then go in the inveatbox section , there you will found at the top 0.2% per day minimum invest of 0.01btc , now you should made investment of that amount of the Bitcoin that you have in the Tobit account . I am doing the same thing from long ago ( from month )and making much money with 1 btc .
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foxbat
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June 26, 2017, 04:50:51 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
Are you looking for a lucrative project? I think you are looking for something that is not good for bitcoin, the path you are aiming for is HYIP, where everyone gives away their money in the hope of getting a profit, but vice versa, they are scam. Instead of looking for it, you should use your money to invest, the investment will be profitable for you.
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Dude.Lebowski
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June 26, 2017, 05:59:12 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
yes It's called dollar devaluation. Just HODL your Bitcoin like they aren't making any more.
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Okay. The old man told me to take any rug in the house.
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btcney
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June 26, 2017, 06:16:57 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
If you want to invest your bitcoins, don't. There are simply so many scams out there, the legit sites like Genesis Mining don't make you any sort of profit at all because they need to make profit, and they do so via charging fees. For them to make profit in a bitcoin environment where the difficulty is so high they must be able to charge you a lot of fees, and terminate your contract when your earnings cannot sustain the fees they charge. P2P lending is bad, Bitlendingclub and a few others basically went under a few months ago. These accounts actually can get bought by people, meaning that for the risk you're taking on, the returns are miniscule. Poloniex lending used to be good, but now the company is having liquidity issues. Magnr offers interest, but it's negligible. Your year's worth interest is going to be eaten up by miner fees. The main reason of holding bitcoin is to have control over your own wealth anyways. Bitcoin is disinflationary, meaning that in the long term you are guaranteed to make a profit. Why would you have BTC, and still have to trust someone with it?
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mk4
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June 26, 2017, 06:32:25 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
I don't then we have such thing that is quite trustworthy as of now. But guess what? You could still possibly earn by just holding bitcoin or other crypto alone. It's likely that the price will increase longterm, so there's that. Anyway, if you're new to the crypto world and you come across investment/cloud mining sites, I suggest that you ignore them.
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freebutcaged
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June 26, 2017, 06:50:04 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
Are you looking for a lucrative project? I think you are looking for something that is not good for bitcoin, the path you are aiming for is HYIP, where everyone gives away their money in the hope of getting a profit, but vice versa, they are scam. Instead of looking for it, you should use your money to invest, the investment will be profitable for you. What is your point you spammer? use your money to invest, investment would be profitable for you? which and where? just tell me should he stop Looking for it or keeps looking to find a good investment? fucked up spammer. Yes, there is this feature on FreeBitco.in. The site is working since 2013, very good site (faucet, Dice game, rewards and now investment).
They pay 0.01% interest daily, 4.08% annualy interest. Balances over 30.000 satoshis are credited every day in random hours.
Isn't %4.08 annually very much stupid and low? fuck mate if I were to give my money to a bank locally I'd received %18 annually, this is just lame. There is no guarantee whatsoever to secure our coins correct?
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AlexBessonov
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June 26, 2017, 06:51:44 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
I actually saw a project on Github that seemed to do something very similar to do this (basically a smart investor for Bitcoin)! I will link it as soon as I can find it...
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eann014
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June 26, 2017, 07:18:39 AM |
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You can save your bitcoin to your btc wallet. Just don't withdraw it and I think its just fine. You can save bitcoin while you are also earning.
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dryandry
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June 26, 2017, 07:30:53 AM |
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You can save your bitcoin to your btc wallet. Just don't withdraw it and I think its just fine. You can save bitcoin while you are also earning.
save it for long term and check after 5-10 years again you will suprised and ready to harvest the profit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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brobbel
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June 26, 2017, 07:35:52 AM |
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Poloniex lending used to be good, but now the company is having liquidity issues.
![Huh](https://bitcointalk.org/Smileys/default/huh.gif) They have scaling issues. They grow too fast and therefor are handling problems/tickets very slow, unfortunately these include some withdrawal issues. But in general it works fine, and liquidity issues I haven't heard of. What is your source?
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Netnox
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June 26, 2017, 07:36:42 AM |
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You mean a way to get interest on your Bitcoin?
That's not going to happen, I am afraid. Bitcoin is a currency, which is protected from inflation (due to the principle of controlled supply). We get interest on the other currencies, because they are not protected against inflation and their purchasing power goes down with time. But the purchasing power of Bitcoin is constant. So I don't think that anyone will offer interest for Bitcoin deposits.
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krishnapramod
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June 26, 2017, 08:24:40 AM Last edit: June 26, 2017, 09:12:38 AM by krishnapramod |
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Is there any upcoming project that would act like a bitcoin savings account?
There are already a couple of websites that you can use to earn daily interest on your bitcoin savings, Bsave and Magnr. Bsave has tie up with Coinbase so the daily interest is automatically credited to the users Coinbase wallet. But the problem is these sites does not offer more than 3% APR, 0.0082% daily interest. Another option would be investing in P2P lending platforms, right now Bitbond is the best, better than BTCJam, the quality of loans is good so if you invest in right loans you can get up to 25% in interest p.a.
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AicecreaME
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June 26, 2017, 09:06:17 AM |
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Is there any upcoming project that would act like a bitcoin savings account?
Just keep on saving your bitcoin in your wallet and then you could make enough profits every time that bitcoin price would PUMP, and not just profits, but bigger profits more than you could ever imagine. Investing your money into bitcoin if you don't know how to earn bitcoin is a great idea too, because they have the same benefits on you.
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