Earning Interest with Bitcoin?

[apoorvlathey]

There's no direct way to earn interest on bitcoin as we do with cash.
Few DeFi platforms have emerged that aim to provide interest on your crypto coins (mostly eth, tokens, or other cryptos). Some examples are Nexo, Celcius, Nuo, etc.
Another way used to be to deposit your coins into the bankroll of gambling sites and they would share a little percentage of profits with you.
Lastly, you can lend out to people in need the traditional way, by taking some collateral 9forum has a Lending section).

Make sure you research well, before jumping onto investing in any way.

[febriyana]

Cryptocurrency also same with Fiat. That is still currency!
So if you want take interest, you need find borrower to get it. Maybe that is hard because it is digital. But you can try other way, for example in Yobit you can also use investbox, there is option to invest and get some interest.
Maybe trade it and gamble it also other way, there is always risk chance if you want growing your bitcoin.

[btc78]

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%? 

Why not put this what Binance is offering?so there would be a pattern and basis on how it works,actually I have no idea bout this because I a must a man with no lending history and I hate it,I rather starve this day than borrowing

But if there’s this kind of possibility then we should start learning because we don’t know future,time will come that we need some back up and having this offering can help us out

[bitbunnny]

There is still no crypto bank where you could put your coins for savings and get some interests.
So only solution is to lend coins to someone. There are some people who are lenders and make quite good profit from that but still it's a risky business and interests are not that big.

[Mandoy]

There are no banks in cryptocurrency including bitcoin. But what you said about binance is correct when you lend some of your cryptocurrency they will earn some interest. Binance is not the only I know that is doing that I have heard yobit is also doing that they have this investbox wherein you placed your amount of coins with corresponding interest daily, weekly or monthly. If you are not so sure about doing some trade then try lending your coins and tokens for a profit, though they will give you small profit but as long as you as earning then its a win.

[Ailmand]

This might be a good business, however, this is risky since crypto is decentralized it is difficult to secure the amount of bitcoin you are going to loan. I've heard from some of my friends that this is possible through some exchange, might be for them to lend to some traders.

[Oneandpure]

Possible you want to lending your bitcoin and earn several percent like 2% or 5% every month depend which one lending you want to join, you can looking with many exchange market have lending altcoin like in kucoin you can use KCS coin for earning with landing coin, you have minimum coin KCS for lending and hold about one month, you get earning after full lending in one month.

[ivakar]

yes, this is working option!
for example, some exchanges are providing such offer,  yobit exchange in particular
I was used to use it, but not for btc, for dogecoin.. but there is quite a lot of coins, so you may try if you want.

[alexsandria]

I heard that there are some companies that are doing that, and they have different interest rates,  but I wouldnt recommend someone to have that. It is for the reason that it is somewhat risky. There are some bad stories about it, and I think it is better to be safe than to earn some interest rates but risking your keys.

[shoreno]

I heard that there are some companies that are doing that, and they have different interest rates,  but I wouldnt recommend someone to have that. It is for the reason that it is somewhat risky. There are some bad stories about it, and I think it is better to be safe than to earn some interest rates but risking your keys.

risking your keys ? so it means that you are going to give your private keys to them ? on other sites that i know , you will only be giving your bitcoins to them but not your private keys  . some people love to be safe and chose to not earn more but there are still that willing to take more risk just to earn easy and fast money  .  if they lucky then good but if not then they shouldnt complain because that is thier fault on why they experiece such issues .

[Daniel91]

I have come across such offers several times but have not accepted.
First of all, bitcoin is not regulated in my country and there is no legal protection in such offers.
And second, why borrow bitcoin and risk because of 2-3% interest if I can just hold bitcoin and earn much more.
I'd rather deposit some of my crypto earnings into an investment fund, completely legal and in accordance with the law, and wait for safe earnings.

[DarkStar_]

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.

You should at least have some knowledge about the site your signature spamming for 

YoloDice removed their investment option about a month ago. It also is technically gambling, just gambling with +EV.

[ChrisPop]

Bitcoin is valuable, therefore some institutions will pay you money/interest to deposit them in their accounts and therefore let them leverage the power of your belongings. Binance, Nexo, Celsius Network, BlockFi and more are offering even 10%/year interest on your cryptocurrencies. However you need to assess if the risk you expose to is worth the reward. For example Binance is not regulated, so in the event the company goes bankrupt are you willing to let go of your money? Also you are exposed to hacking, we all know that the world's most skilled hackers are looking to steal these precious cryptos.

[Youghoor]

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%? 

Why will you lend your bitcoin to someone when you can hold onto it and still make profits as the market raises. For me, I don't really believe in the idea of lending cryptocurrencies to someone. What if the person decides not to pay back and run away with you coin? There  is no way you will be able to get your coin back..

[mdzahed134]

Actually i'm not familiar with any reliable Bitcoin based platform which is provide interest. But i know about KCS interest platform if you feel free than visit here link https://kucoinshares.com/ it’s very transparency from a couple of years. You will get roi 13.7% though a little bit profit but this is effective for long time interest. Nexo is another leading platform which also providing interest with your money.                 

[Kyraishi]

Actually i'm not familiar with any reliable Bitcoin based platform which is provide interest. But i know about KCS interest platform if you feel free than visit here link https://kucoinshares.com/ it’s very transparency from a couple of years. You will get roi 13.7% though a little bit profit but this is effective for long time interest. Nexo is another leading platform which also providing interest with your money.                 

That's a decent option for investments actually, Kucoin has been following under Binance's footsteps for a couple months now and have launched their own launchpad.

You could have a look at some altcoins that offer dividends, there are still a couple of them out there with monthly divendends, otherwise bankrolling an casino doesn't sound like a bad option, just don't get scammed!

[Xxmodded]

Lending have big side where you have wait minimum one month to get lending coins with faced risk if your lending coin have higher price after one month maybe you get profit, but if your lending coin have lower price after one month your lost your money and your lending coin is less profit, better if you have money for trading or buying IEO or ICO coin have big chance to get much profit with your bitcoin.

[Genemind]

It's possible especially if you will lend it to people who are into crypto. However, you should think of the risks that you might be facing. Crypto is volatile so there's no guarantee that they could return the Bitcoin that they have borrowed in time. You should lend it with the trusted people that you know. Why don't you invest and do trading using your bitcoins rather than lending it? I think that would be more profitable.

[crossabdd]

Well that's very possible, as you say, big exchanges like binance do that. I think that's normal. because binance also opens margin, so the BTC that you invest will be borrowed by the margins. and from the profits will be shared with investors. this system is the same as a bank, you save at a bank with a small interest. and capital borrowers will incur large interest. this interest will be divided.

[ardentvolcanoes]

Well that's very possible, as you say, big exchanges like binance do that. I think that's normal. because binance also opens margin, so the BTC that you invest will be borrowed by the margins. and from the profits will be shared with investors. this system is the same as a bank, you save at a bank with a small interest. and capital borrowers will incur large interest. this interest will be divided.

The risk factors that's needed to consider is the volatility of the market, but if you have strong believe that it will go positively that interest will turned to decent value of profits. Checking every possibilities and assume if how things will work after some moths or years of holding, from that point you'll be able to assess if it's worth to the such business or there's other way that you can use your money instead of pursuing to this types of investment.