Earning interest on your crypto

[milewilda]

Hey... it is a risk/reward scenario for you.... Take a small amount of money and dump it in there and see what it does. I did this with Freebitco.in at 4% interest and it has been safe for more than a year. (This site is not regulated and even a higher risk than regulated Exchanges and their partners) 

Just do not go all in with high risk investment options like this, because you might lose the shirt on your back. All our portfolios should have some high risk investments.... so just go for it. 

All matters on how much risk you can put on in a certain investment of yours and we do know that we do have different approach when it comes to this manner.
Some do really like to play safe and just simply skip out these things and some do really have that kind of gambler mind on taking up the risk inspite of the possible loss of money.
If we do just simply try to compare or picture out on yearly gains out of these 3rd party institutions then its really not that spectacular to have that 3-4% annual gains.
To think that you can earn those interest way more higher if you do just simply hold of your coins.Always remember that it isnt our coins if you dont possess its keys or once
you handed them out into other place or wallets.So this should really bare in mind.

[ChiBitCTy]

As others have already stated, this sounds like a risky proposition. Heres the thing, right now if anyone is offering you any sort of interest over .5% for an entire year, you need to be very careful. Right now interest rates are at all time lows. There is no guarantee whatever they are investing in will continue to grow enough to over what they’re promising back, and then some. Sounds too good to be true to me.

[hahay]

If it's a big company it seems like there's nothing wrong with trying, if the company goes bankrupt or something else that could harm you, I guess that's the risk. I personally have never done anything like this because I personally don't want to take such risks, but if only to start with a low initial capital of course it is a good start to finally we can conclude it will be safe for the next step.

[carlisle1]

So, I have small amount of cryptocurrency I bought and mined over the years and will HODL, but I am seeing news articles and advertisements about earning interest on my coins. And the returns are not bad--5 to 7% per year.

Is that serious that you can wait for that long ? 5-7 years ?

You can do this while waiting lol

It seems BlockFi is the front runner. They seem to have partnerships with the major US crypto exchanges, e.g. Gemini and Coinbase (I am in the USA). I am also googling and trying to educate myself.

If you believe this can bring you what you desire ? then follow your dream , But for me ? better focus on your short term trading since you only have small capital to start with and just do Holding eventually along the way.

[teosanru]

There is always something to lose when investing, lending your coins for interest will always be risky and the ones who put their feet to risk are always the ones going to take profit when things are going good but they are also the ones losing more when things got ugly. The only safer option if you want to make money without taking a high risk is POS.

I don't think POS is possible with Bitcoin Ethereum and some top currencies rest all are pretty volatile so even if you are gaining coins you might not end up gaining anything in dollars.

Yeah its always been the dollar that matters when it comes to profit. That when BTC hit ATH and will try to dump all they have because they think bull market is about to end.  If you have 1BTC before this bull run and then end up having 1BTC still after the dumps, there is no difference as you didn't get richer.

OP didn't say its just BTC, he meant crypto, which means it could be ETH or just about any token that's POS. Having 50K of ADA and then stake it in a wallet and after a week of epoch he gets about 51K of ADA then he is 1000 ADA more richer than before.

Very good point I must say. I have seen a lot of HODLers thinking they will never sell. I am myself more interested in selling somewhere around the highs so that I can buy back later you can obviously expect a correction really soon in this market. So dollar does matter. What good is a btc that gives you 20% interest in a year but after the year the value has already depreciated by 30% ideally you lost your money instead of gaining anything. I am surprised why most people don't think this way.

[Casdinyard]

There is always something to lose when investing, lending your coins for interest will always be risky and the ones who put their feet to risk are always the ones going to take profit when things are going good but they are also the ones losing more when things got ugly. The only safer option if you want to make money without taking a high risk is POS.

I don't think POS is possible with Bitcoin Ethereum and some top currencies rest all are pretty volatile so even if you are gaining coins you might not end up gaining anything in dollars.

Yeah its always been the dollar that matters when it comes to profit. That when BTC hit ATH and will try to dump all they have because they think bull market is about to end.  If you have 1BTC before this bull run and then end up having 1BTC still after the dumps, there is no difference as you didn't get richer.

OP didn't say its just BTC, he meant crypto, which means it could be ETH or just about any token that's POS. Having 50K of ADA and then stake it in a wallet and after a week of epoch he gets about 51K of ADA then he is 1000 ADA more richer than before.

Very good point I must say. I have seen a lot of HODLers thinking they will never sell. I am myself more interested in selling somewhere around the highs so that I can buy back later you can obviously expect a correction really soon in this market. So dollar does matter. What good is a btc that gives you 20% interest in a year but after the year the value has already depreciated by 30% ideally you lost your money instead of gaining anything. I am surprised why most people don't think this way.

The market price is not consistently increasing every year, it does depend to the market behavior whether an investment will earn or not. There are just times more advisable to hold and times wherein selling will be considered. Holding alone will not lead to big and assured profit knowing that the market price could fall anytime. Interest will depend on how will this market in general will behave for that certain year. If an investor will just hold, no profit will be earned unless you have invested in its early years wherein the price is not even 10% of the present.

[teosanru]

There is always something to lose when investing, lending your coins for interest will always be risky and the ones who put their feet to risk are always the ones going to take profit when things are going good but they are also the ones losing more when things got ugly. The only safer option if you want to make money without taking a high risk is POS.

I don't think POS is possible with Bitcoin Ethereum and some top currencies rest all are pretty volatile so even if you are gaining coins you might not end up gaining anything in dollars.

Yeah its always been the dollar that matters when it comes to profit. That when BTC hit ATH and will try to dump all they have because they think bull market is about to end.  If you have 1BTC before this bull run and then end up having 1BTC still after the dumps, there is no difference as you didn't get richer.

OP didn't say its just BTC, he meant crypto, which means it could be ETH or just about any token that's POS. Having 50K of ADA and then stake it in a wallet and after a week of epoch he gets about 51K of ADA then he is 1000 ADA more richer than before.

Very good point I must say. I have seen a lot of HODLers thinking they will never sell. I am myself more interested in selling somewhere around the highs so that I can buy back later you can obviously expect a correction really soon in this market. So dollar does matter. What good is a btc that gives you 20% interest in a year but after the year the value has already depreciated by 30% ideally you lost your money instead of gaining anything. I am surprised why most people don't think this way.

The market price is not consistently increasing every year, it does depend to the market behavior whether an investment will earn or not. There are just times more advisable to hold and times wherein selling will be considered. Holding alone will not lead to big and assured profit knowing that the market price could fall anytime. Interest will depend on how will this market in general will behave for that certain year. If an investor will just hold, no profit will be earned unless you have invested in its early years wherein the price is not even 10% of the present.

Obviously that is where the concept of Risk emerged from. Keeping this in another way even when you are only holding you are still taking a lot of risk therefore there is nothing like non risky investment when it comes to cryptocurrencies. moreover it depends on how much profit you expect. The interest rates which OP was mentioning are pretty low almost negligible when you compare them with daily movements of Cryptos this means betting on those daily movements is much more advantageous than to crib upon the fact that you couldn't buy early.

[laredo7mm]

If it's a big company it seems like there's nothing wrong with trying, if the company goes bankrupt or something else that could harm you, I guess that's the risk. I personally have never done anything like this because I personally don't want to take such risks, but if only to start with a low initial capital of course it is a good start to finally we can conclude it will be safe for the next step.

I also this it will be worth taking the risk if it's possible to put that funds that won't cause any bad effect on financial status. Investment in crypto always been very risky especially when they are offering a very high interest for the full year. That company must have a big source of funds to pay or they could go bankrupt because of these.

[tygeade]

It seems BlockFi is the front runner. They seem to have partnerships with the major US crypto exchanges, e.g. Gemini and Coinbase (I am in the USA). I am also googling and trying to educate myself.

But, I have serious concerns about learning my crypto to 3rd parties. What happens if the institution that I loan to, for example BlockFi, goes brankrupt? I assume I will lose my crypto. Would it be safer to loan to an exchange and I don't run that risk?

BlockFi seems a good one, and they are very popular not only in the US but in so many other countries. I have not tried lending or borrowing before, but I’m very much aware of these crypto lending platforms and I have done research on them before.

I make use of Luno exchange and wallet, they have this feature where you put your bitcoins in a special wallet that’s meant for this purpose of lending, but they will be the ones to be handling it and you can take this money out at anytime. Their annual return is around 4% which is not as much as what you will get from Blockfi. Then there is also Nexo, which is quite popular in the crypto market.

[Vaskiy]

There is always something to lose when investing, lending your coins for interest will always be risky and the ones who put their feet to risk are always the ones going to take profit when things are going good but they are also the ones losing more when things got ugly. The only safer option if you want to make money without taking a high risk is POS.

I don't think POS is possible with Bitcoin Ethereum and some top currencies rest all are pretty volatile so even if you are gaining coins you might not end up gaining anything in dollars.

Yeah its always been the dollar that matters when it comes to profit. That when BTC hit ATH and will try to dump all they have because they think bull market is about to end.  If you have 1BTC before this bull run and then end up having 1BTC still after the dumps, there is no difference as you didn't get richer.

OP didn't say its just BTC, he meant crypto, which means it could be ETH or just about any token that's POS. Having 50K of ADA and then stake it in a wallet and after a week of epoch he gets about 51K of ADA then he is 1000 ADA more richer than before.

Very good point I must say. I have seen a lot of HODLers thinking they will never sell. I am myself more interested in selling somewhere around the highs so that I can buy back later you can obviously expect a correction really soon in this market. So dollar does matter. What good is a btc that gives you 20% interest in a year but after the year the value has already depreciated by 30% ideally you lost your money instead of gaining anything. I am surprised why most people don't think this way.

The market price is not consistently increasing every year, it does depend to the market behavior whether an investment will earn or not. There are just times more advisable to hold and times wherein selling will be considered. Holding alone will not lead to big and assured profit knowing that the market price could fall anytime. Interest will depend on how will this market in general will behave for that certain year. If an investor will just hold, no profit will be earned unless you have invested in its early years wherein the price is not even 10% of the present.

Obviously that is where the concept of Risk emerged from. Keeping this in another way even when you are only holding you are still taking a lot of risk therefore there is nothing like non risky investment when it comes to cryptocurrencies. moreover it depends on how much profit you expect. The interest rates which OP was mentioning are pretty low almost negligible when you compare them with daily movements of Cryptos this means betting on those daily movements is much more advantageous than to crib upon the fact that you couldn't buy early.

The profit expectancy is the major thing with investment. Based on the expectation will be the risk. With any form of investments there is risk, when it comes to cryptocurrency it is bit more high due to the volatile market. Lending the cryptoholdings and making an earning out of the interest is a good choice than keeping the holdings idle. As per my understanding investing is always right when you do with perfect plans. Some fear of making an earning out of investment, because it'll under third parties. For them the better choice is making use of the staking feature.

[bitbollo]

Hello, I belive that too, it will be a really big drama when the proce of bitcoin will fell. I don't belive in this artificial rise of the prices. You can relay on someone's discurs, and price is going crazy, even the man is Elon Musk of Tesla and Tesla is growing very fast this days

If you take a look about the intrinsic value of fiat money you will be surprised about the "value" loss during the time if compared with crypto currency. This means that is very hard to see a price collapse or anything similar to drama. Staking and lending opportunity offer another good way to protect value of crypto asset and generally speaking value of our portfolio.

[whyrqa]

In fact, I am very attracted to the opportunity to receive dividends from my cryptocurrency assets. But I am alarmed by the issue of security, especially if you need to transfer your funds to some other resource. A calmer and more acceptable option for me is, for example, staking Ethereum in the MEW wallet, where I will not worry about the safety and security of my coins.

[lixer]

If it's a big company it seems like there's nothing wrong with trying, if the company goes bankrupt or something else that could harm you, I guess that's the risk. I personally have never done anything like this because I personally don't want to take such risks, but if only to start with a low initial capital of course it is a good start to finally we can conclude it will be safe for the next step.

I understand what you mean but all the companies are trusted and big unless they start cheating. I remember a case of PlusToken scam how they used to pay interest and I believe they said they are investing your money into upcoming good projects are sharing the revenue. It was such a big site and name that the crypto market was shocked and even broke last year when the news spread that they scammed.

What broke my heart was the message they left behind after scamming which was something like "sorry we run" which shows how cruel and selfish these guys can be who from outside looked like a multi million dollar company. I would be never in favor of giving out my coins to anyone just like that for a few extra dollars of income.

[jerry0]

Besides blockfi, what legit sites out there allow you to earn interest on a stablecoin where you earn a flat rate interest and don't have to be concerned about the price of the coin?


Example, like usdt or usdc or any other stablecoin.  I heard you could stake usdn on waves but how much percentage you get?  Example you convert l0,000 usd worth of waves or btc into usdn on waves exchange, how much would you earn in interest?


Also do ppl prefer earning interest in cryptocoin like btc vs a stablecoin?

[aesma]

Hey... it is a risk/reward scenario for you.... Take a small amount of money and dump it in there and see what it does. I did this with Freebitco.in at 4% interest and it has been safe for more than a year. (This site is not regulated and even a higher risk than regulated Exchanges and their partners) 

Just do not go all in with high risk investment options like this, because you might lose the shirt on your back. All our portfolios should have some high risk investments.... so just go for it. 

At the moment BTC is rising 4% every few days, even more than that on a single day sometimes. So it's actually a big risk to trust it to any website. If you only risk a small amount, fine, but then the problem is that X% of a small amount is a very small amount, so risk/reward is not great either.

[Saisher]

The interest is quite high and may not be sustainable in the long run but it all depends on the project, if they have a long term plan on how they can sustain in giving their users that kind of plan then proceed but with caution, and do not pour everything here you might end up with nothing if the project failed to deliver.

[carlisle1]

The interest is quite high and may not be sustainable in the long run but it all depends on the project, if they have a long term plan on how they can sustain in giving their users that kind of plan then proceed but with caution,

If they have a legit and transparent team and project then why not right? we have seen EThereum Before in which believe to be Shitcoin but look at it now , one of the most trusted and valuable coin.

and do not pour everything here you might end up with nothing if the project failed to deliver.

That is not how market investment go , as diversification is the best and strongest and secured strategy to use in this volatile marketing .

[MCobian]

To be honest, I have never lent my crypto, maybe I am too afraid of the many scams that occur in the crypto world. So instead of entrusting my crypto
to a third party, I'd better HODL it in a hardware wallet. It is further safe, because we keep the private keys ourselves. Instead of chasing profits of
5% -7% per year that could risk our crypto being lost. Because we can get 7% profit in just a few days if we HODL coins that have a high volume.

[oHnK]

To be honest, I have never lent my crypto, maybe I am too afraid of the many scams that occur in the crypto world. So instead of entrusting my crypto
to a third party, I'd better HODL it in a hardware wallet. It is further safe, because we keep the private keys ourselves. Instead of chasing profits of
5% -7% per year that could risk our crypto being lost. Because we can get 7% profit in just a few days if we HODL coins that have a high volume.

Lending our crypto must be very dangerous if there is no guarantee that we have.  However, there is no loan service that does not use collateral as a risk reduction.  But for me lending our money is not a good choice because apart from the risk, there is no clear profit on lending it.  If we want to make a profit then it is better to just invest rather than lend our money to other people.

[blackened515]

Why should I give my hard earned crypto to company that I don't know what activities they do to give me my percentage yearly, while I can just hold my coins in my wallet for 1 year and have the same percentage they would have given me. Holders of Bitcoin at $10k had earned up to 7% by now if I'm not mistaken, so why should I do such to someone that would run away with my crypto.
Also, I haven't seen any testimonies from those that deposited their crypto assets earning subsequently for a year without complaining of been scammed, so I wouldn't advise op to safe his money for any interest, instead hodl your crypto.