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Author Topic: Cryptocurrency wallet with interest  (Read 382 times)
Fivestar4everMVP
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May 03, 2019, 08:19:30 PM
Last edit: December 16, 2023, 07:20:15 PM by Fivestar4everMVP
 #21

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?
well , i dont know which wallet you talking about cus you made no mention of it but let me tell you that am currently using MONARCH wallet with a whole lots of features which earning interest on your stored crypto is one of them, and believe me , this is absolutly no scam.. here is what it look like

to find out more, you can reach out to them on their telegram group https://t.me/MonarchToken



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May 03, 2019, 09:13:34 PM
 #22

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?
I do not think positive about it. If it were the wallet that provide profit, we would all use it. If most of us have not heard about it, then there is a great chance that it might be scam. Having more information would help us talk more precisely.
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May 03, 2019, 09:36:56 PM
 #23

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?
I do not think positive about it. If it were the wallet that provide profit, we would all use it. If most of us have not heard about it, then there is a great chance that it might be scam. Having more information would help us talk more precisely.
Yeah, something that's really legit will easily known by many people. For me, I will stop looking for what it is and only use something legit before becoming a victim. It could be that interest is just kind of trick to trap us to use his wallet and deposit some of coins.

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May 03, 2019, 09:46:41 PM
 #24

I will tell you right away that you need to be careful with wallets of this kind, as fraudsters often come across who lure you money under the pretext of receiving dividends in the future and then disappear so be careful.
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May 04, 2019, 10:10:07 AM
 #25

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?
Hahaha, scammers are very smart and they know that this are the kind of things people are looking for in the crypto space and the world at general, anyone that have ever fell into the hands of a scammer actually fell because of one thing which is greed, you see an offer that looks so unbelievable but yet still choose to try it out when you know so well that it can only be a scammer trying to make away with the money you have, please try any means possible to avoid that wallet and also inform others about it.
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May 04, 2019, 10:15:20 AM
 #26

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?

There are mainstream institutions starting to offer this. What they do is invest the funds you give them and they give a predetermined interest for doing so. Of course, given that they are investing your money, there is a chance that their investments will turn sour and you will lose. Hence, it's much safer to keep your coins in your own wallet.
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May 04, 2019, 10:21:28 AM
 #27

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?
Not possibly,it must be a scam wallet.No one is going to pay money and also give services.Already some wallets were exposed with proofs so better avoid it without testing.
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May 04, 2019, 10:58:12 AM
 #28

Do you really need any interest? I don't think so. Buy Bitcoin and be relax. You will be satisfied soon Smiley Don't look at to interest for nothing.

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May 04, 2019, 10:58:21 AM
 #29

I am also getting these types of messages but this is a new way to scam people and got their holdings. How is it possible to get coins after putting them in anyone's wallet? If that can happen then why companies not give that options to holders.


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May 04, 2019, 10:59:31 AM
 #30

i saw some ads a while ago offering interest when you store your crypto at their wallet
Yep. Offered interest in a crypto wallet is the best strategy to attract more users to use the platform.

im curious if anybody used their wallet i would like to hear your thoughts
Probably, because I'm sure a lot of people are tempted by the interest system.
I personally prefer to use an existing wallet from the official page of the related coin.

and could be this possibly another scam?
Yep. It could be, that does not rule out the possibility.
There is no guarantee of security against our digital assets because there are many ways for scammers to steal our digital assets.
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May 04, 2019, 11:43:12 AM
 #31

There is big possibility that this is a another typr of scam. Inagine that youbare in a crypto world not in a banking industry. If you an investment or deposit with interest you don't go in a crypto wallet and you will only invest in bank. If we analized we don't need to have an interst rate here in crypto wallet because it is only a small amount. We need to focus on other activity like trading.

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May 04, 2019, 11:49:37 AM
 #32

It is good to be absolutely sure before you commend your coins to a third party. Some wallets such as cobowallet offer custodian services and option for your to stake your POS coins.They are not the one paying the interest directly but the POS coins.I am not using it but it seem plausable.
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May 04, 2019, 12:20:09 PM
 #33

I will tell you right away that you need to be careful with wallets of this kind, as fraudsters often come across who lure you money under the pretext of receiving dividends in the future and then disappear so be careful.

It is better to stay away from them because we don't know if they are really scammers or not. We need to prevent from installing any wallet that offers to give a big interest because I don't think that the offers are true and we could expect too much about the offers itself. Don't tempt with the nice offers since there is no free money for you.

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May 04, 2019, 12:23:10 PM
 #34

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?

I think its called staking or POS coin. Many POS coin offering this and from what i know, ethereum will change to POS system in near future. Staking good for the network but for investment, i think mineable coin is best option. Mineable coin are decentralized coin and i think this is the goal of cryptocurrency

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May 04, 2019, 12:25:48 PM
 #35

Yeah i would suggest you to be careful with such wallets i have also received invitation to join such projects by some so called mlm leaders and surprisingly all these wallets have a referral, mlm side which just confirms that these are just ponzi schemes and depends on continuous flow of new funds that is why they all have highly rewarding mlm plans.

If there is a referral link, there's a big possibility that it is an MLM or a Ponzi scheme, OP did not mention the wallet name or even the link to the homepage, but when it comes to picking a wallet, it should be something that is approved by the community and with good testimonials, I would not go for a wallet that is questionable.
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May 04, 2019, 12:34:09 PM
 #36

Yeah i would suggest you to be careful with such wallets i have also received invitation to join such projects by some so called mlm leaders and surprisingly all these wallets have a referral, mlm side which just confirms that these are just ponzi schemes and depends on continuous flow of new funds that is why they all have highly rewarding mlm plans.

If there is a referral link, there's a big possibility that it is an MLM or a Ponzi scheme, OP did not mention the wallet name or even the link to the homepage, but when it comes to picking a wallet, it should be something that is approved by the community and with good testimonials, I would not go for a wallet that is questionable.

Any wallet being questioned whether MLM, Ponzi or otherwise, I can't think of using it. Some, most of the wallets that promise giveaways are mostly designed to s c am Funds of their victims.
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May 04, 2019, 02:03:29 PM
 #37

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?

I think its called staking or POS coin. Many POS coin offering this and from what i know, ethereum will change to POS system in near future. Staking good for the network but for investment, i think mineable coin is best option. Mineable coin are decentralized coin and i think this is the goal of cryptocurrency
they didn't specify their wallet as staking wallet if i can remember correctly they were just offering interest when your crypto is stored at their wallet, they didn't mention any staking i believe.
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May 04, 2019, 04:20:55 PM
 #38

i saw some ads a while ago offering interest when you store your crypto at their wallet, im curious if anybody used their wallet i would like to hear your thoughts, and could be this possibly another scam?

I guess that is not really working like that. Just be careful when choosing any new crypto wallet.
In some PoS ( Proof of Stake ) coins, you will be able to staking the coin and get interest from it, using your own wallet.
or you can send the coin to the stake pool, so you can get the staking reward without using your own wallet.

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May 04, 2019, 06:21:56 PM
 #39

Some of them is a scam, and the other is staking wallet. be careful, and do not save coins in a wallet that is not trusted
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May 04, 2019, 06:26:19 PM
 #40

Some of them is a scam, and the other is staking wallet. be careful, and do not save coins in a wallet that is not trusted

of course, we are not people who arbitrarily choose a wallet carelessly to save our assets. it's the same, we give money to people we don't know if we are careless in choosing assets. we certainly choose the ones we have recognized and we trust, even though now there are more and more crypto wallets available.
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