Earning Interest with Bitcoin?

[Shasha80]

There are so many ways to make money from Bitcoin, one of them is by earning interest from people or exchanges. To be honest,
I don't like the way to get money from earning interest the most. The reason is because it is risky scam and also this is a less creative way.
I think, because making money or profit is more fun if done in a right and creative way. But the decision is in each other's hands,
i will not forbid anyone to get money with earning interest with bitcoin. If you want many who have provided this servant, like Binance
and there are also in this forum. But please be careful in choosing this business provider, choose who can be trusted and clear track record.

[inanilujimi]

Well if you can lend bitcoin, are you giving you interest in bitcoin?  Example you lend 1 btc... they pay you back like 1.05 btc?

in my opinion 1 btc is too high risk, friend.
it's better to hold the btc than giving it to someone else who is full of risk.
but if you want more please give loans to those who have been trusted by many people.

[cutesgirl]

Your ideas is called staking, you hold your altcoin kind on exchange market and earn about several percent for every month but you will hold your coin almost one month, never withdraw to get qualification earn staking coin, you faced with two option get profit with your staking coin but other time you have pray your staking coin keep higher or the same price when you buy.

[Cookies_N_Cream]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?


I heard binance is doing something similar like that but it was like 10%? 

I haven't explored Binance yet but I do have altcoins there since last year.
Regarding lending BTC with interest like banks, it is kind of risky unless the company is well established for years and is really making profits (probably like exchanges).

[kayvie]

Your ideas is called staking, you hold your altcoin kind on exchange market and earn about several percent for every month but you will hold your coin almost one month, never withdraw to get qualification earn staking coin, you faced with two option get profit with your staking coin but other time you have pray your staking coin keep higher or the same price when you buy.

It is actually staking like other cryptocurrency's function, if you know minexcoin where they have staking, you park your crypto into their site and after a week or months you will receive a certain percentage from your altcoin. There are some cryptocurrency was already have the same function, but in btc it is possible if someone will create the same function as that.

[Edraket31]

Your ideas is called staking, you hold your altcoin kind on exchange market and earn about several percent for every month but you will hold your coin almost one month, never withdraw to get qualification earn staking coin, you faced with two option get profit with your staking coin but other time you have pray your staking coin keep higher or the same price when you buy.

It is actually staking like other cryptocurrency's function, if you know minexcoin where they have staking, you park your crypto into their site and after a week or months you will receive a certain percentage from your altcoin. There are some cryptocurrency was already have the same function, but in btc it is possible if someone will create the same function as that.

Staking is a good way to earn, especially if you are staking top coins, you are earning while holding, it just need to be patient as this is an easy way but there is no guarantee as the price of a certain coin sometimes fluctuates, so you need to still watch over it and not just holding your coins/tokens.

I haven't heard any exchange where we can stake bitcoin too, if ever there is, many people will be interested with that idea just like me.

[Wexnident]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?


I heard binance is doing something similar like that but it was like 10%? 

It's pretty scary ngl. With how crypto is made with anonymous transactions just adds another step to that. The idea is good and people would most likely go for it. After all, it is free profit. There's also the volatility of the market which makes profit unstable at times. Of course, if contracts and the such were made, things would be a lot easier but we're using crypto so I don't think that would likely happen.

[timerland]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?


I heard binance is doing something similar like that but it was like 10%? 

I don't think Binance or any other firms functioning with legitimacy will give such a huge interest upon the investment. Most of the time big interests were a way to attract the common people who are new to the cryptocurrency network. Most of the users when entering have a thinking cryptocurrency investment will make us rich. This is achievable, when everything is done on the right manner understanding and learning the market. Simply getting in will make the user get into the hands of scammers who attract with large returns on the investment and runs away.

Binance's version of making profit is just the new IEOs they do every so often on their launchpad, they get pumped extremely hard and they often 1.5x instantly after they reach the regular market.

If coinbase did that though, I reckon we'd need to send them every piece of ID before we'd be able to invest there

Tons of people are already signed up to the hilt there. The only way they can get any type of return though is by lending to nutters. It's says enough that no long established operation is doing it other than through their trading platforms and Circle have already fucked enough people with their Clams balls up.

Coinbase lending could be interesting, I'm guessing it'll be a much more regular version of lending (comparable to getting an actual loan from a bank) due to how regulated they are, I do think they'd keep their investors pretty safe though.

[Artemis3]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?


I heard binance is doing something similar like that but it was like 10%? 

Yes its possible. There are some web sites for bitcoin lending, also in this very forum, and some exchanges like Poloniex and Bitfinex, but only if you are not American. The percentage varies constantly, this is money you lend for margin traders to use. Their system is "supposed" to force close them in time for you to always recover your money back with the interest, but the lending usually lasts like 2 days, it requires a lot of manual work or the use of a bot (Free open source exists).

Since its changing all the time, sometimes its poor like 2%, sometimes is high like 10%, its not constant, but you'd get an average. Remember, funds in an exchange could disappear overnight, as always with any online wallet, you never know; so don't think this is just "free" money, you are risking it.

Also some gambling sites do the same, they let you invest in their bankroll, but their yearly percentage tends to be lower, and it takes more time to see the benefits (as in months, where you can't move your funds).

[CryptoBry]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest? I heard binance is doing something similar like that but it was like 10%? 

Yes, there are now some good lending programs operating online where you can 1) borrow money but you have to deposit some cryptocurrency to do so (your collateral) where the advantage is that you are not spending your digital assets but can use convert a fraction of them to cash and use for whatever you want; and 2) you can also lend your cryptocurrencies to the platform and earn a good rate of interest (compared to banks). 

Just Google "lending cryptocurrency" and you will be given a lot of choices and information on this type of crypto-related business. This is part of the Decentralized Finance (DeFi) movement whereby platforms are introducing many bank-like products/services. There is a big potential for this business type to be exploding in the coming years and can be one of the many ways that people can adopt cryptocurrency.

[Fredomago]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?


I heard binance is doing something similar like that but it was like 10%? 

It's pretty scary ngl. With how crypto is made with anonymous transactions just adds another step to that. The idea is good and people would most likely go for it. After all, it is free profit. There's also the volatility of the market which makes profit unstable at times. Of course, if contracts and the such were made, things would be a lot easier but we're using crypto so I don't think that would likely happen.

I agree, The idea is good if being well facilitated but since we are inside crypto and the concept is decentralization it's difficult to trust and the assurance of your money is in stake. It can be properly done if there's real contracts and you know who to point out when something went wrong with your investment.

Hopefully this industry will be able to find ways to make things like this be possible. Let's wait for more updates to comply for more secureness of potential business to be created,.

[BitTyro]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?


I heard binance is doing something similar like that but it was like 10%? 

Lending has been possible for a while now in different exchanges. By joining their lending services, you essentially freeze your crypto on a specified time for you to earn interest.

In Binance, they are offering 3% interest on BTC, not 10%. They are only giving 10% interest on BNB, USDT, and others altcoins.

[whtchocla7e]

Yes, but it seems very difficult to join the same program at binance. As for other platforms, I don't trust it, and I think it's insecure, we need to be careful with invitations to invest.

[Murat]

Yeah, you can earn profit by lending your Bitcoin to the other platform, There are some good website based platform who is doing this type of lending process but it contains so much risk for me, Supposes you made an agreement with these company and lend them to your Bitcoin and they also provide a lot of documentation for our lending process, if this platform will not work as their assessment then they must be failed to recover your investment and it'll be certain that you are going to lose your worthy Bitcoin, Though I didn't take any step regarding this issue, I like holding Bitcoin in my wallet, I don't like lending or gambling with my Bitcoin. I think safety must be the first priority for me.

Use these sites for more info -

* Crypto.com
* nexo.io

[DarkStar_]

One site that wasn't mentioned is Freebitco.in which offers a 4.08% APR, which isn't bad depending on your risk assessment. They use the balance for mining operations and bankrolling their dice game, and there's no lock in period. Interest is paid daily.

[imstillthebest]

One site that wasn't mentioned is Freebitco.in which offers a 4.08% APR, which isn't bad depending on your risk assessment. They use the balance for mining operations and bankrolling their dice game, and there's no lock in period. Interest is paid daily.

4+ percent ? sounds high to me but it is really high ?  i have tried this before on and off but i dont feel that im earning enough so i decided to withdrew my funds again and prefer to put the coins on my btc wallet  .  i can still earn interest hodling on my wallet alone and the interest is much more and can also grow more  depending on the price of btc  .

[elda34b]

4+ percent ? sounds high to me but it is really high ?  i have tried this before on and off but i dont feel that im earning enough so i decided to withdrew my funds again and prefer to put the coins on my btc wallet  .

It's still lower if you compare it with Compound or Synthetix interest. It's even smaller than some monetary fund in the traditional market, so it's worth to try. But if they started giving 15% APR, then you need to be more careful.

[Sithara007]

Is this possible?  Example you lend bitcoin to something similar to like a bank and they give you interest on it?  Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%? 

I recently heard that banks in Japan are offering negative interest rates on deposits. When something like that is happening with fiat currency (which is not protected against inflation), how can we expect Bitcoin deposits to give positive interest (given the fact that Bitcoin is protected against inflation and its purchasing power increases every year due to the growth in the userbase)?

In order to receive an interest on Bitcoin, I guess you need to take a certain amount of risk. An example for this is giving out a loan to someone without any collateral. Now there is a huge risk involved here, as chances of default is present. But if you ask me, I would never go for something like this. I would hold my coins happily in my wallet and I am only concerned with storing my stash safely and securely rather than trying to grow my holdings.

[bounceback]

if it is true that binace gave us a 10% loan interest, it is difficult for us to consider because we know that the cryptocurrency system is not the same as the banking system, and if they offer a lot of interest of course we are tempted by the offer but if they don't want to pay interest on our loans , of course we cannot do anything, what if, for example, at a bank, we can certainly report our problems directly to the banking manager.

[Reid]

Yes and even gambling sites does that.

You can click my signature if you want to go deeper.
We at Yolodice also does have an investment option. It aint just gambling anymore but you could make something by just leaving your money in their account.
Somehow it is like other investment out there, name it, mutual funds or bonds.  
There are also some who does it but I dont really know how much percentage they will give you afterwards.
Try looking for a legitimate one. Be really careful.