Bitcoin Holders have an opportunity to earn interest due to cred partnership

[fiulpro]

Bitcoin Holders can earn interest following the cred partnership , which was supposed to be Integrated with bitcoin.com , now we are not talking about the site , but the wallet itself , it has been downloaded 11 million times , now for the people out there who are not good with trading and tend to loose a foot while doing that , this might be the perfect opportunity.

The interest can also be credited to the person through stable coins and other cryptocurrencies.

A powerful statement :

Cred’s partnership with Bitcoin.com proves that Bitcoin innovation doesn’t have to occur at the protocol level. By building lending capabilities directly into the Bitcoin.com Wallet, we’ve provided a way for BTC and BCH holders to earn an attractive ROI, while operating within a familiar and secure environment

But again protocol improvement can always be in the line after this . I am certainly aware that we do have a lot of lending platforms but this time coming from Bitcoin.com wallet is something that would gain support of millions.
source

Would you lend your Bitcoins ?
+ For the team for giving opportunity to millions of holders here at the comfort of their own wallets.



Edit: Thank you for letting me know about Roger Ver Scam , as far as I know the investigation was done but apparently the guy said :

Crypto entrepreneur Roger Ver has distanced himself from the unfolding fraud allegations surrounding the BitClub Network. Four members of the suspected Ponzi scheme were this week arrested by US authorities as prosecutors investigate what they allege is a $722m global scam.

Honestly if he was involved then of course this is just another matter , other than that I do think I will keep you guys posted and try out for myself if this indeed is a scam or not .

Please be careful 😸

[seoincorporation]

This looks tricky... first i think, how they will pay interest if bitcoin is limited, they can't invent more BTC just to pay interest, and the i read about those interest getting payed with tokens and altcoins. This doesn't sound nice to me, feels like a bait to let that business hold our coins, can you smell the exit scam or the hack in the air? i do.

[hatshepsut93]

Don't promote another one of Roger Ver's scams.

People who will use this wallet and its interest earning feature are risking their coins in many ways - this system might get hacked, it might pull an exit scam, they might get mislead into buying bcash, or do incorrect transactions, they will forfeit their privacy and so on.

Roger Ver is one of the most untrustworthy people in crypto, right there together with CWS, and only stupid or clueless people would put their coins in his projects.

[Yaunfitda]

Don't promote another one of Roger Ver's scams.

People who will use this wallet and its interest earning feature are risking their coins in many ways - this system might get hacked, it might pull an exit scam, they might get mislead into buying bcash, or do incorrect transactions, they will forfeit their privacy and so on.

Roger Ver is one of the most untrustworthy people in crypto, right there together with CWS, and only stupid or clueless people would put their coins in his projects.

And I think the OP missed this:

Bitcoin.com is a news site, wallet service, mining pool, and cryptocurrency hub for supporters of Bitcoin (BTC) and Bitcoin Cash (BCH). Its Executive Chairman and former CEO, Roger Ver,

And I doubt that it true, he only supports his Bitcoin Cash, I do hope that no one falls for this scammy trick of his.

[Strongkored]

I won't, invest my BTC for something fishy like this, especially reading that the interest is given in the form of altcoins, the altcoin price that becomes the interest can be very cheap or maybe no value, there will not provide a good ROI.
By using bitcoin.com it seems that many will be interested

[pooya87]

i don't trust anything that involves bitcoin.com because it has a very shady history with many scam cases. you see it is not just about having bcash but about scamming lots of newcomers who go to this highly ranked website in search results (.com domain with bitcoin name when they search bitcoin) and when they try buying bitcoin they are given a shitcoin called bcash instead.
besides this lending design and interest looks very centralized and i don't like centralization.

[GeorgeJohn]

I won't, invest my BTC for something fishy like this, especially reading that the interest is given in the form of altcoins, the altcoin price that becomes the interest can be very cheap or maybe no value, there will not provide a good ROI.
By using bitcoin.com it seems that many will be interested

Its Certain bro,because such type of investment  in sch platform can easily can get both capital and profit.
The advert there is to bring peoples attention to invest into their investment sight.
I really like your response bro, it's so encouraging to my likeness.

[davis196]

When I see the words "cryptocurrencies,Bitcoin,coins" and the words "paying interest rates" I immediately start thinking about a possible scam.
The business model of paying interest rates to Bitcoin HODLers,just for HODLing their coins on a particular wallet seems pretty vague.How they are going to invest the coins of the HODLers,in order to make enough profits and be able to pay interest rates?If this informaion remains a secret,then I'm pretty sure that this "partnership" might turn out to be a scam.

[NeuroticFish]

Not your keys, not your coins.

Many newbies could indeed fall for this "offer", but beware, they usually have only some Satoshi and may be disappointed if they won't see (unrealisticly) big growth in their wallet.

On the other hand, I don't think that people holding many bitcoins for long time will go for this for 2 big reasons:
1. why risk to lose big money for small returns (when bitcoin itself gives nice returns alone)?
2. Roger Ver's site/wallet is known for scamming people into buying bcash and believing they hold Bitcoin, why would anybody sane keep their bitcoin in those guy's custody?!

[LoyceV]

Bitcoin Holders can

lending

I don't think you understand what HODLing means.

a familiar and secure environment

There's nothing "familiar" about it, and I sure as hell don't trust it to be secure!

Don't fall for this, when a rich guy wants your money, it's probably not in your best interest to give it!

[Jawhead999]

Since bitcoin is one of digital asset, many people always think if Bitcoin can be used to earn interest like ERC-20 token or dividend. This greedy mindset can make you fell to scam. Even actually lending or invest in casino bankroll can earn interest, it doesn't safe at all. You can earn 4-8%/year or you loss all of your coins.

Just hold Bitcoin in your own wallet and wait it until reach to the moon.

[Wexnident]

I'm out. Not to mention that any investments that use Bitcoin is almost a no for me, the project is held by bitcoin.com The shilling dude that would almost bow down to BCH is basically just using Bitcoins name to actually spread whatever he's trying to do. You should probably put out a bit of warning about the scams that Roger Ver did in the bottom so that newbiies would know what they're trying to enter. Not that I'm stopping them from spendiing their money into basically them giving it out, but some might get scammed without knowledge so might as well put out there.

Bitcoin itself earns you something, why bother adding more greed on top of that, especially since that greed is basically you giving it to someone else, not you waiting for it to grow.

[stompix]

How they are going to invest the coins of the HODLers,in order to make enough profits and be able to pay interest rates?

As loycev said, there won't be any bitcoin hodlers, there will be only hodlers of promises of payments.
For the model, I can think of a pretty easy scheme of investing, use the bitcoins to push bch price up, dump their coins at a profit, as for the "investors" they can be paid interest from the money new investor deposit in the ponzi scheme. Oh, did I use the word Ponzi, how awful from me! Of course, this ain't a ponzi scheme, I mean Roger Ver had absolutely nothing to do with BitClub, he said so himself!!

Many newbies could indeed fall for this "offer", but beware, they usually have only some Satoshi and may be disappointed if they won't see (unrealisticly) big growth in their wallet.

And many will fall, a lot fo them won't have even those satoshi at first, they will be tricked into buying directly from the wallet, and they will see some shiny numbers there, thinking they are both holding bitcoin and earning interest when in reality there is nothing. Half of those newbies will never think of installing their own wallet and withdrawing coins to it, just as there are thousands thinking they hold bitcoin in their Revolut account, so there will be thousands falling for this scheme.

[The Cryptovator]

Bitcoin isn't related to the Bitcoin.com site, Bitcoin is decentralized and it will remain. Roger is involved with multiple shady activities from the beginning. So I am not positive with this movement nor interested to involve. It would be a trick to make more popular his BCH and sell via his website. I will not consider it something special, it's just the same as other lending platforms those would be ended up as a scam.

[pakhitheboss]

crypto.com wallet provides you interest on almost all your crypto assets that you store in it. They are giving interest rate on Bitcoin too and they do not have a fixed locking period.

They have three different plans for Bitcoin.

Flexible provides an interest of 1.5 percent per annum and assets can be withdrawn anytime.
1 Month term gives you an interest of 3 percent per annum for fixed 1 month.
3 Month term gives you an interest of 4.5 percent per annum for fixed 3 months.

There are other better opportunities available in the market, you only need to search it. They are also running an airdrop of $50 for using the wallet with some condition.

In my opinion it is better to keep your Bitcoin in a secure and trusted wallet and wait for it to moon to earn the highest interest rate.

[amishmanish]

I just don't get this lending and borrowing business on Defi. Who does this help? Are there real people taking loan and doing things in real world or this is another market of lenders and borrowers looking to earn through arbitrage. I think its the latter. Just like listing a coin on an exchange leads to a semblance of "value" to every ICO-coin, similarly, listing on a lending-borrowing platform is the rage now.

You "lock-up" your BTC on a wallet from a website that is a front for BCH. Then you wait for a low 4-5% per annum return. While this can work for HODLers looking to become banks, this is the worst thing that can happen to a newbie. Even the HODLers would be wary of providing all that KYC information. If someone has enough cash to invest in this way, they'll be better off investing it in some other service rather than turning it into crypto and locking it up to earn alt-coins. Personally, i wouldn't go through the hassle with my fractions of a BTC.

[kryptqnick]

It's been pointed out in the thread that this particular project has high risks because of Roger Ver, but I would not use it even if it were offered by a legit service. Lending money involves risks. For one, the person you're lending to might not return you the money. Secondly, if you are on the receiving side, you're putting yourself in debt and that's not a good thing to be in. There are lending services here on Bitcointalk, and a long-time member could start one's own lending thread (probably). I think this would be safer than any third-party service could offer because the trust system works well on the forum.

[Lucius]

If at least someone in the past had thought about how dangerous it is for a domain like this to fall into the wrong hands, we might not have such discussions today. That site has fooled millions of people who have bought BCH thinking they are buying Bitcoin, and it is certainly one of the biggest generators of success (if we can call it that) of fake BTC.

If someone wants to invest their BTC there are some other options where you can make money, but everyone who does it gives their BTC in complete control to someone else - haven't we already learned two basic things - "Not your keys, not your coins" & bitcoin.com is shill site for BCH.

[Jating]

I thought Roger Ver call Bitcoin (BTC) as Bitcoin core? And now he is using the name of bitcoin to promote this so called to catch more newbies and fall for his trap again? Nah, when you hear Roger Ver + Bitcoin in one sentence? Doesn't make sense and it you can smell scam from afar.

Bitcoin.com=Bitcoin Cash (BCH), he is another pretender and promoting it as if it is the real Bitcoin. I wouldn't trust even a single sat.

[audaciousbeing]

While this is a good initiative because it's about expanding the market and equally paying the people who provided the finances for such facility the opportunity to earn something rather than leaving their funds lying fallow in wallets but at the same time, it comes with its own risks because of the nature of internet investment without proper check and verification.