ChrisPop (OP)
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Not your Keys, Not your Bitcoins
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October 16, 2019, 05:45:24 PM |
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Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..
My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
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TaliskerDarkStorm
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October 16, 2019, 05:51:26 PM |
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I don't think it's about whether or not you trust these platforms. Average interest rates for cryptocurrencies range between 4% and 5% annually.
But in some countries, banks provide far more interest rates. Like third countries of world, these rates are more than 10%. Within cryptocurrencies, these rates need to come to a level to compete with banks. But I have always trusted and will continue to trust strong exchanges like Binance. But the rates are low for now I do not think to participate in lending activities.
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bigcash2011
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October 16, 2019, 05:57:40 PM |
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Every investment is risky especially online investments are regarded as highly risky investments, i think solid exchanges and wallets that are providing this service are good to go but to be honest 4 to 6% for a year is just not attractive in crypto world where you can do it in a short term trade.
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CjMapope
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~Full-Time Minter since 2016~
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October 16, 2019, 06:06:13 PM |
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Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..
My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
Oh man, theres NO way i would give them my BTC to hold for 4-6%APR, one can make more then that in traditional markets. Hell my shit-ass BANK offers 2-3% Ill hodl my own coins, BTC especially with the 1/2ing next year, and BNB is just a great coin Actually Binance could hodl my bnb, i trust them with that and i dont need my bnb to be liquid, whereas my BTC i do
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~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool!
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DeepChipolino
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October 16, 2019, 06:08:32 PM |
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I know several crypto assets that give much more than 5-10% per annum. And it’s not so important what they do (we still don’t find out the truth), it is important how long these assets will live with such payments. And what is 5% per annum for any asset that can change daily even by a more %?
I used to be interested in passive income from crypto assets. Now I am looking for cryptocurrencies that will survive and retain their power until the next crypto boom.
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tsaroz
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Vave.com - Crypto Casino
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October 16, 2019, 06:14:56 PM |
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Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..
My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
Platforms like BlockFi, Nexo and Celcius accepts deposits and provides loan. Bifinex and Poloneix provides margin lending for traders which is similar to a collateral loan. Many other exchanges just takes the money to increase the liquidity and some to lock up their coins. Binance want's to be the largest exchange and make every people put their coin on binance so they could manipulate the whole crypto market.
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ChrisPop (OP)
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Not your Keys, Not your Bitcoins
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October 16, 2019, 07:01:39 PM |
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I don't think it's about whether or not you trust these platforms. Average interest rates for cryptocurrencies range between 4% and 5% annually.
But in some countries, banks provide far more interest rates. Like third countries of world, these rates are more than 10%. Within cryptocurrencies, these rates need to come to a level to compete with banks. But I have always trusted and will continue to trust strong exchanges like Binance. But the rates are low for now I do not think to participate in lending activities.
I'd like to know in which countries banks provide higher rates than this one and on what currencies? Because a bank can offer 50% interest on a garbage fiat that has over 20-30% inflation per year or more. You see.. banks calculate these rates very carefully so their risk of failure to make a profit is minimized to almost zero. Of course it is about how much you can trust these platforms. In the financial world it is all about risk and reward. In this case the reward is 6-10% annually and your job is to calculate the risk. The risk should be calculated in my opinion by the likelyhood of these platforms to go bankrupt or run away with the funds.
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batang_bitcoin
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October 16, 2019, 11:49:20 PM |
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4%-6% looks legit and same as the banks but the risk can lie on the platform. There can be untrusted platforms that would offer the same interest so that it won't be suspicious which most of the new ones are offering high interest rates just to attract money on their platform. There might be others to consider depositing altcoins that are supported by that scheme but never with bitcoin.
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Rent this sig space so that BTC goes to $100k.
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LbtalkL
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October 16, 2019, 11:55:01 PM |
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Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..
My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
Those interest are eye catchy very attractive but in trading its possible to get that profit too but not all the time. Why not just join binance lending they have high reputation and gain some trust very decent exchange but always try in your own risk.
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bgaf
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October 17, 2019, 02:04:32 AM |
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It's not bad profit I guess. Considering its much higher than bank interest. I started to stake some of my ONE token as they recently include it on Binance platform. For me, I trust this one so I just stick with it and it seems the price is increasing since some wanted to stake and earn more. Binance crypto lending is also nice, I will only use lending service of them as other platform seems pretty risky to use especially if the rates are too good to be true.
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tranduong123
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October 17, 2019, 02:21:50 AM |
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Many leading exchanges support staking, so finding a secure stacking platform is not a big deal. With staking interest rates of 4-6% / year as you mentioned, it is not ideal to stacking with short-term investors, because a currency can fluctuate several times that number in a day. But for those long-term investors, holders are a good opportunity as they keep their money with interest.
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Kyraishi
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October 17, 2019, 02:24:26 AM |
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Surprising to see blockfi be the top of the list, I've been looking at nexo and I thought with their rates, it was certain they would be on top.
I don't personally think these staking options are really going to be attractive to a majority of altcoin traders - 5 percent a year is nothing in the crypto-currency industry, but possibly might attract mainstream attention.
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NathanJB
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October 17, 2019, 02:29:01 AM |
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Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..
My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
The risk is not worth it. I would rather HODL those coins myself rather than entrust them to some strange platforms. After all, I can also earn that very little worth of profit in my own ways in a year's time. 4-6% interest per year is so low to be honest. Even noob traders could actually earn that amount. Low interest, high risk, that is a no no for me. That is not a good formula for investors.
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josephrioveros123
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October 17, 2019, 02:32:20 AM |
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I think they use the deposited cryptocurrency in their business operations and as for gratitude that you put your currency there they give you 6-10% of the amount you lend them for them to use. But there is a risk on that investment just like in trading the value of the currency is always changing. That is the risk you can have your interest but if the value of the currency goes down you can still loose some. And other thing is when the project or the company doesn't get profit or it is bankrupt there is no insurance that you will get paid.
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HITMEX ❖ BUY and SELL CRYPTOCURRENCY With Powerful Crypto Trading Platform ❖ ❖ BMEX CRYPTOCURRENCY EXCHANGE ❖
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BlackFor3st
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October 17, 2019, 02:42:07 AM |
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Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..
My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
I better invest it myself rather than stacking it to their platforms. It's not that I didn't trust them but it's better to be safe than sorry later. 4-6% annual interest rate is not worth the risk to take. This kind of return of investment can be easily reach if you know how to play your investment but if you have no other option or you are still a newbie then you can try your luck to them as they are big exchanges also and they will not just fade easily especially the BNB.
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Vitamin_52
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October 17, 2019, 06:19:26 AM |
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for me, 4-6% is a very small bet, during this time a lot can happen and you can lose from 10 to 80%. Yes, if the coin is stable, you can make a contribution.
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studio1one
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October 17, 2019, 06:30:24 AM |
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Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..
My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?
Except for binance, I don't use any other platform which allows us to stake our investment. Don't know why but I am paranoid about this kind of stuff lol.
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Bitbtc8
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October 17, 2019, 06:39:08 AM |
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Sorry i don't trust coins with staking ability if the returns is over 15% annually, i have fall victim to some staking projects that brings interest monthly and today they are nowhere to be found,they stop working and exit scam, if the offer is too good then its a sign
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Javi_Anibarro
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October 17, 2019, 06:42:36 AM |
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Crypto.com coin even offers you 16% Annual Interest Rate, personally I do not like this and will not stake my stablecoin or cryptocurrencies because it looks the same like we are building a bank right now. There is no reason for me to stake my money virtually if I am able to do it directly in real life, the risk is far too great doing this. absolutely not, this is certainly not worth it.
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Stanlo
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October 17, 2019, 06:48:03 AM |
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Coins like Callisto have good staking ability and its a trusted project but still i think its dangerous than leaving the coin sleeping in your wallets and moreover the annual return is not that great, highest you will see if 18%, its not worth it
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