Have anyone tried USDT Fixed-Term Deposit on BigONE?

[YourPrivatePanda]

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

[Yudhisthir]

BigOne is a popular exchange but as I see they are providing a fixed term deposit i.e. you can't withdraw unless your term completes and providing just 6% annually. More popular and trusted platform NEXO provides a simple saving account in and out anytime with 8% yearly interest. They are insured by bitpay and are quite trusted and they credit daily compounding daily and can withdraw any moment.

[Ucy]

Is the "BigOne" an exchange? Doesn't sound established... so I would be careful if I were you till am sure. Besides, not a good idea to leave a lot of funds on custodial exchanges.
Not enough details on the "fixed term deposit". https://bigone.zendesk.com/hc/en-us/articles/900000930363-USDT-Fixed-Term-Deposit
Doesn't look too convincing by the way

[Davian144]

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

Who did you notice? and what is the name of the USDT Fixed-Term Deposit campaign every Monday? because I have never heard of such a campaign and I am also curious about those you notice, try to explain as completely as possible here, do not try first.

[103deltafox]

I have heard of this exchange bigone but I really think it's not so easy to use,or there are things or requirement before one can use the exchange,because I notice some hunters got a token to trade since but they are still holding meaning the exchange isn't easy to use after all

[kingzpro]

It is your own decision but personally i do not trust much on third party exchanges with such programs simply because it is like giving your hard earned money to someone and you never know after a year the exchange will still be around or no, even if you want to do that do it on top 3 exchanges that are reputed, trusted and registered.

[Rengga Jati]

...

Are you worried about this exchange? Well, it is normal if we put our awareness of some kind of exchanges that are not popular enough. However, you can find some facts about Bigone exchange right here by now:
1. Bigone exchange has been listed on CMC, exactly rank 111 with quite a big trading volume ($198,735,353)... But of course, we should not only see an exchange based on the rank but also its reputation. (https://coinmarketcap.com/rankings/exchanges/)

2. Do you mean this event held by BigOne?
https://big.one/coffer/regular/42
It is about we are investing at least $100 to this exchange to get profits. But, when I read the rules and regulations, personally I won't consider joining this. this is too risky to take and do. let's analyze their T&C:

1. This is a fixed-term, principal-protected fixed-income wealth product.
2. To invest in this product, you need to deposit USDT. The total investment quota for this product is 200000 USDT. The minimum deposit amount is 100 USDT, and the deposit amount must be a multiple of 100 USDT.
3. Start Time: June 1, 2020 18:00:00- June 2, 18:00:00（UTC + 8）
4. This product has a 30-day fixed lending period. You won’t be able to withdraw before maturity.
5. Your principal and interest will be distributed to your wealth management account within 24 hours after maturity.
6. No management fee will be charged for this product.

Can you see the point per point? This investment only lasts for 2 days (1-2 June), must deposit with quite a high amount (for me), must wait for investment maturity until 30 fixed days and you can't withdraw them before it.

I don't think it can work well, moreover, who should we believe to? I have checked the BigOne social media, they are not as active as the other exchanges.

So here, think by yourself to decide whether this is valuebla and avaiulable or not.

[aemma]

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

I know of Bigone exchange and I have used it once or twice and the experience was smooth, but about this USDT Fixed-Term deposit, am just hearing about it. From the name it looks like you will deposit some of your USDT which will be locked and maybe every Monday you get something out of it, this is just what I assume it is. However, before getting involved with anything about investing it's better to ask the team questions because they are the ones in a better position to answer correctly. Also, in situations like this, make sure you read the conditions surrounding it so as to make good decisions.

[bobitza]

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

I have never sent money on it either. I was also afraid of not knowing how safe it was. It is better not to do anything when we do not understand them. I want to know the interest rate when depositing fixed term USDT.

[ene1980]

BigOne is a popular exchange but as I see they are providing a fixed term deposit i.e. you can't withdraw unless your term completes and providing just 6% annually. More popular and trusted platform NEXO provides a simple saving account in and out anytime with 8% yearly interest. They are insured by bitpay and are quite trusted and they credit daily compounding daily and can withdraw any moment.

I was not aware of these kind of investment. 6% to 8% is not a big deal and that too in online companies and you do not have a guarantee what will happen to those exchanges if there is a major hack and historically we never had good things happen in our short period of this market and i would rather invest in bitcoin or other similar coin and make my profit rather than holding in an exchange.

[MascharonoM]

They got me in with 6% annualized interest rate. I use it when the market environment isn't that good and I have some free USDT so I deposit them. It generates some profit for me, not too much tho, but it is safer than trading. And it's money on work anyway. So I'd say it's worth trying if you have free usdt. Money should be always rotating and generating new money.

[hushpupppy]

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

One question i would ask is that why would you need or even want a certain fixed term deposit on a centralized crypto currency exchange that can go away in no time with nothing happening?

You have several shots at staking tokens or node, but you want to fix your hard earned usdt ?
Why not try Gold investment or hodl with bitcoin ?

Do your researches, and remember your choice is your power.

[el kaka22]

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

What is bigone? Never heard of anything in that name. Personally I will never try anything like this.

Recently I come across an advertisement about tidex is offering interests on USDT balances. I remember that I had read positive reviews on tidex, still I will not try them as past reviews may not help me when I will be risking my hard earned money . I wish everyone should not risk anything like this. At the same time, many people are holding balances in freebitco.in for earning 4% on daily basis. Due to their long running and the ability to maintain their reputation, we may try them. Still, anyone should act as per their own due diligence and not just due to my opinion/suggestion.

I doubt about OP's intention for opening this topic. Because, most of the time shills from scamy business do ask questions like this to lure innocent investors here. OP could be an affiliate of bigone and may trying to promote their business in the name of asking doubts.

[batang_bitcoin]

They got me in with 6% annualized interest rate. I use it when the market environment isn't that good and I have some free USDT so I deposit them. It generates some profit for me, not too much tho, but it is safer than trading. And it's money on work anyway. So I'd say it's worth trying if you have free usdt. Money should be always rotating and generating new money.

Ok, so this is like the other exchanges offer for annual interest term fixed deposits. I have not heard about bigone but as CMC's data, they are on rank #83.
Like MascharonoM said, if you have spare USDT and you think that you'll ever need it in the future. You can try this feature but as much as I want, I'll not take a risk with these fixed term deposits on this exchange. If Binance and other top exchanges, I'll place it there.

[dhemasm]

1 Month with 6% Interest rate sounds good but not really sure about that exchange even with big trading volume, I'm Curious too about this but basically it's depends on your decision mate, Just make sure to make some research before and be careful!

[TheICE007]

I think I have actually heard the name Bigone but can't really remember what it's for, if it's an exchange and they have enticing packages to attract traders,do more research before you send your funds there, I can't say much because I haven't traded there before.

[MikeyVeez]

Please, could you kindly what does it mean? It is something like an investment? That you are give them USDT and they will give you back after some time plus interest?

[sorrros]

Is the "BigOne" an exchange? Doesn't sound established... so I would be careful if I were you till am sure. Besides, not a good idea to leave a lot of funds on custodial exchanges.
Not enough details on the "fixed term deposit". https://bigone.zendesk.com/hc/en-us/articles/900000930363-USDT-Fixed-Term-Deposit
Doesn't look too convincing by the way

I wouldn´t trust these newly created exchanges anymore. Even they are honest, they can´t resist hacker attacks like Binance, so even they not scam you, they could loose your money by a hacker attack. 

[bitcoin-shark]

I have not heard of this BigOne exchange but in my opinion it is better to focus on safer things for example binance offers more than 8% per year on the tether perhaps it is better to invest them there...

[cryptonx]

I noticed that they do some kind of USDT Fixed-Term Deposit campaign every Monday. It seemed intriguing, but I'm a bit scared to try. Did anyone try it already? How was your experience?

never, because for me its better to trade our capital rather than keep it quiet on exchange mate even with an interest annually