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Author Topic: Cryptocurrency sites that earn you interest  (Read 207 times)
rambogoham1 (OP)
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March 03, 2020, 05:27:59 PM
 #1

Defi allows you to get up to around 5% a year on your bitcoin in interest. KYC required

Freebitcoi.in guarentees you 4.08% interest a year on your bitcoin. Their site has 5% house edge and they have an actual mining facility to be able to guarentee this 4.08%.

Cred Earn aparently allows you to earn 10% APY on mulitple cryptocurriences including bitcoin, litecoin, ethereum. Not quite sure how they say they can reach this high. Charlie Lee even tweeted about it for litecoin.

Are their any other ones that guarantee a APY%?


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March 03, 2020, 05:34:09 PM
 #2

Defi allows you to get up to around 5% a year on your bitcoin in interest. KYC required

Freebitcoi.in guarentees you 4.08% interest a year on your bitcoin. Their site has 5% house edge and they have an actual mining facility to be able to guarentee this 4.08%.

Cred Earn aparently allows you to earn 10% APY on mulitple cryptocurriences including bitcoin, litecoin, ethereum. Not quite sure how they say they can reach this high. Charlie Lee even tweeted about it for litecoin.

Are their any other ones that guarantee a APY%?



There are many.
Nexo is another lending platform you can earn with Smiley

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rambogoham1 (OP)
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March 03, 2020, 05:50:31 PM
 #3

Defi allows you to get up to around 5% a year on your bitcoin in interest. KYC required

Freebitcoi.in guarentees you 4.08% interest a year on your bitcoin. Their site has 5% house edge and they have an actual mining facility to be able to guarentee this 4.08%.

Cred Earn aparently allows you to earn 10% APY on mulitple cryptocurriences including bitcoin, litecoin, ethereum. Not quite sure how they say they can reach this high. Charlie Lee even tweeted about it for litecoin.

Are their any other ones that guarantee a APY%?



There are many.
Nexo is another lending platform you can earn with Smiley

I'm assuming this requires KYC. It looks like on Nexo you can hook directly up to a bank account.

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March 03, 2020, 05:52:43 PM
 #4

Are there really people going to store their coins to these kind of sites that offers Annual Percentage Yield?
I'm not sure because even when Bitcoin is in my personal wallet the price could go up anyway. I can only see people would rather trade BTC themselves than storing to such sites though.

I'd be interested however if  they and Freebitcoi.in will also offer APY in bear market.

rambogoham1 (OP)
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March 03, 2020, 06:06:18 PM
Merited by DarkStar_ (10)
 #5

Are there really people going to store their coins to these kind of sites that offers Annual Percentage Yield?
I'm not sure because even when Bitcoin is in my personal wallet the price could go up anyway. I can only see people would rather trade BTC themselves than storing to such sites though.

I'd be interested however if  they and Freebitcoi.in will also offer APY in bear market.

Freebitcoi.in offered 4.08% in late march of 2017.

Nexo offered their high interest savings APY% sometime in 2017. Doesn't show an exact date.

Defi looks like within the last year or so. Early 2019 is when they started offering their services.

Cred Earn appears to have been created within the last six months.

I'm not sure if a pro-longed bear market would affect these sites. It seems most offer some variant of fiat currency to invest in also. So maybe when fluctuations happen in crypto they hedge it instantly with their local currency.

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March 03, 2020, 09:34:32 PM
 #6

Defi = decentralized finance

Why does it requires KYC if it's decentralized? It got me thinking after looking the meaning of it. If you want to earn through interest, then buy those coins that you can stake easily like Tezos. IIRC, it doesn't need KYC.

Just hold it with its wallet or on your ledger wallet then wait the returns. Coinbase does offers the same.

https://www.stakingrewards.com/asset/tezos

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March 03, 2020, 10:02:18 PM
 #7

Are there really people going to store their coins to these kind of sites that offers Annual Percentage Yield?
I'm not sure because even when Bitcoin is in my personal wallet the price could go up anyway. I can only see people would rather trade BTC themselves than storing to such sites though.

I'd be interested however if  they and Freebitcoi.in will also offer APY in bear market.

Freebitcoi.in offered 4.08% in late march of 2017.

~snipped~

I'm not sure if a pro-longed bear market would affect these sites. It seems most offer some variant of fiat currency to invest in also. So maybe when fluctuations happen in crypto they hedge it instantly with their local currency.

Seems like they still offer 4.08%; pretty surprising that the site's been able to offer consistent returns for almost three years if what you're saying is correct, though I'm not personally able to verify this.

I would assume that Freebitco.in would definitely be affected in some area should a strong bear market occur, since the site does mention that they supposedly use profits from their mining facility to pay for the interest. The effects would vary based on how much of the interest money comes from mining and what sort of effective electrical rates they're paying, but mining generally doesn't do so hot in bear markets as difficulty keeps rising and prices stagnate or decrease.
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March 03, 2020, 10:10:55 PM
Last edit: March 05, 2020, 05:37:20 PM by alani123
 #8

Are there really people going to store their coins to these kind of sites that offers Annual Percentage Yield?
I'm not sure because even when Bitcoin is in my personal wallet the price could go up anyway. I can only see people would rather trade BTC themselves than storing to such sites though.

I'd be interested however if  they and Freebitcoi.in will also offer APY in bear market.

Freebitcoi.in offered 4.08% in late march of 2017.

~snipped~

I'm not sure if a pro-longed bear market would affect these sites. It seems most offer some variant of fiat currency to invest in also. So maybe when fluctuations happen in crypto they hedge it instantly with their local currency.

Seems like they still offer 4.08%; pretty surprising that the site's been able to offer consistent returns for almost three years if what you're saying is correct, though I'm not personally able to verify this.

I would assume that Freebitco.in would definitely be affected in some area should a strong bear market occur, since the site does mention that they supposedly use profits from their mining facility to pay for the interest. The effects would vary based on how much of the interest money comes from mining and what sort of effective electrical rates they're paying, but mining generally doesn't do so hot in bear markets as difficulty keeps rising and prices stagnate or decrease.

It's harder to pay interest in BTC under a bull market because their income source is dependent on visitors and ads, while they pay interest in crypto. But that site is administrated by a very creative owner and the business keeps expanding. They now have a sportsbook also along with their dice and gambling business.

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dunfida
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March 03, 2020, 10:16:02 PM
 #9

Are there really people going to store their coins to these kind of sites that offers Annual Percentage Yield?
I'm not sure because even when Bitcoin is in my personal wallet the price could go up anyway. I can only see people would rather trade BTC themselves than storing to such sites though.

I'd be interested however if  they and Freebitcoi.in will also offer APY in bear market.

Freebitcoi.in offered 4.08% in late march of 2017.

~snipped~

I'm not sure if a pro-longed bear market would affect these sites. It seems most offer some variant of fiat currency to invest in also. So maybe when fluctuations happen in crypto they hedge it instantly with their local currency.

Seems like they still offer 4.08%; pretty surprising that the site's been able to offer consistent returns for almost three years if what you're saying is correct, though I'm not personally able to verify this.

I would assume that Freebitco.in would definitely be affected in some area should a strong bear market occur, since the site does mention that they supposedly use profits from their mining facility to pay for the interest. The effects would vary based on how much of the interest money comes from mining and what sort of effective electrical rates they're paying, but mining generally doesn't do so hot in bear markets as difficulty keeps rising and prices stagnate or decrease.

It's harder to pay interest in BTC under a bull market because their income source is dependent on visitors and ads, while they pay interest in crypto. But that site is administrated by a very creative owner and the business keeps expanding. They now have a sportsbook also along with their dice and gambling business.
This is actually right and they arent getting money only from mining but also in other sectors as well.They do show off that they are capable on paying up something yet we know

the reputation been holding by Freebitco itself after all these years.They do even giving out lambos which means they are capable on giving that 4.08% interest per year not only focusing on single source.

In talks on the topic, im not really much familiar with Defi or some sort when it comes on finding annual earnings on using them yet the best option for me to take is just simply hold
various coins in my own wallet which do produces more after a year.

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March 03, 2020, 10:21:24 PM
 #10

Bustabit offers a pretty neat bankroll invest function, brought me 50$ within the first week of investing 500$

harizen
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March 03, 2020, 10:33:27 PM
 #11

Bustabit offers a pretty neat bankroll invest function, brought me 50$ within the first week of investing 500$

I don't have an account on Bustabit but if you will allow, can I see the statistics (which shows your increase around $50) or some details in your bankroll dashboard? Or there are no details at all and you just see your investment rise by $50?

I just want to check something.

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March 03, 2020, 11:05:23 PM
 #12

Bustabit offers a pretty neat bankroll invest function, brought me 50$ within the first week of investing 500$

I don't have an account on Bustabit but if you will allow, can I see the statistics (which shows your increase around $50) or some details in your bankroll dashboard? Or there are no details at all and you just see your investment rise by $50?

I just want to check something.

Actually its only 5$ lol, I am not really smart xD

http://prntscr.com/rb5oas you need to pay 2% once you invest (1000 coins for me, 50,000 was initial deposit) thats from 17/02 until today

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March 03, 2020, 11:15:31 PM
 #13

I was literally watching a video now regarding interests on crypto and the video mentioned a site called crypto.com
haven't researched or used it yet but I saw that you earn more if you have MCO and many people where talking about MCO in telegram groups so might be a good option
the site offers 10% a year for stablecoins even if you have no MCO , not sure if there are hidden terms or something tho
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March 04, 2020, 09:12:26 AM
 #14

What defi are you referring to? The original Ethereum Defi or some other one? I read some defi could warn you upto 7-8% every three/few months. I wouldn't encourage anyone to invest in the centralized ones though. (I wonder if decentralized ones exist atall).
Have you tried Ethereum-based decentralized exchanges? I or 2 have interesting incentives and are fairly decentralized. One of the DEXes let you earn from wallet you are fully in control of. That interests me the most, but I haven't really looked into it.

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March 04, 2020, 09:50:46 AM
 #15


Are their any other ones that guarantee a APY%?



You should check out Nexo. It's a financial platform built on blockchain for loans and credit. They give about 8% APY if I remember correctly. Aside from nexo, Binance (Lending & Staking products) also has its own initiative with rates ranging from 5-15% which is higher than the rate offered by traditional banks and financial institutions.  Although I haven't invested personally in Binance lending products but I know people who have and its a good one. However, while investing in Defi platforms for the APY rates, don't forget that the market might go down or up.

 
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March 10, 2020, 12:55:18 PM
 #16

I'm using Credearn trough Uphold, and sent my BAT for a ridiculous incoming  Grin

But i don't know and don't read anything about their token LBA,  it's more or less like MCO and other?

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March 10, 2020, 11:34:46 PM
 #17

But i don't know and don't read anything about their token LBA,  it's more or less like MCO and other?
I think it's different from MCO and other cryptocurrencies. LBA functions for a substantial reduction in interest and to simplify the loan process.
https://uphold.com/en/blog/lba-is-now-live-on-uphold

 
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March 10, 2020, 11:37:16 PM
 #18

I haven't seen much about a cryptocurrency website that have APY like freebitco.in as you have mentioned in your post but what I mostly notice is  investment where you'll need to deposit the required balance before receiving the reward. I think it's staking if I remember it correctly but in the freebitco.in is a bit different iny opinion.

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March 11, 2020, 01:26:12 AM
 #19

Ah I have no idea , I just invest it in the Bankroll of the casinos online which give good returns for an year but ofcourse there is more risk associated with it when compared to the above mentioned sites like freebitco.in . I would say diversify and keep some in bankroll too.



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March 11, 2020, 04:18:47 AM
 #20

So far I am only interested in Freebitco.in this is the only site the I trust and use since they have been in the industry for so long,
It is great that they offer such service now and you could also claim hourly in their faucet so that would add up to your profit and their prize depends on your roll.
But for sure there are so many platforms that also offer the same service there are so many gambling sites that let's you invest in their system so the profit wouldn't be fixed like this one.

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