Earning interest on your crypto

[SirLancelot]

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.

I think if their plan is clear and more importantly transparent about how they are spending the money and what is the model behind revenue. There are some good platforms where you can put money and they pay you interest as they further lend the money to borrowers. Although I trust none of them almost and I will not recommend any names.

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.

Even I heard of them and now as I visited the site as this discussion is going on, I saw they are offering APY upto 8.67% which is decent and doesn't sound like a scam model.

the problem remains the same though as you lose control over your crypto, there is no guarantee you will get the control back ever again and the worst thing, you cannot do anything or make any kind of claims because everything is decentralized and you don't know even know who has your funds.

[TelolettOm]

What are your experiences so far with loaning your crypto?
What place do you loan to, or recommend loaning your crypto to?

Binance provides available Bitcoin / Altcoin guarantees. but with different flowers and rules. It depends on the maturity you choose. In addition, if there is a price drop, there is Liquidity which can automatically make the Assets you guarantee to be sold automatically. My advice is better don't start with a loan. you will get more burden with the money you borrow. Many cases have actually gone bankrupt because of borrowing problems in investment / trading

[Noctis Connor]

I suggest to you to offer loan to this forum but remember that you need to grant a loaner who is trusted and high rank so you will be sure that you will get your crypto back with interest like 10 percent per month is good and big compared to the interest that you mentioned and not annual but it monthly. But lending your crypto to others even company or person is very risky so take your own risk.

Well offering loan to those forum member with caution is good for those who really worth to lend and before that of course they need to signed a message that they are the really owner for them to get a loan from him, per month is not good because of coins are in still in bull run so they can easily get profit from it also when they are already good at trading maybe per week isn't bad after all but for me it's much better if he look for another coin to reinvest his bitcoin and those he already mined coz there are lot of potential in coins nowadays as he can see the graph in the market maybe if he starts now all he need to do is to wait for the coin to be pump and sell them all at once and treat his self a good vacation or anything he wants in life.

[arifteguhr]

There are so many services or platforms that offer apr / apy to the coins you stake on their platform, because most projects now use POS so they can generate more coins from just keeping these tokens for a specified period or every day depending on the contract.

A little note even though there are many services but with easy terms it will usually provide a higher cost. usually loan interest or transaction cuts can be higher. Using Fiat is a good thing in this case for loans. We can minimize the risk of price decline to liquidity instead of having to put cryptocurrency which is currently experiencing bullishness. 70-80% Usually will get the total of the assets that we guarantee

[suvo05]

Lots of exchanges like Binance and Defi like AAVE is offering interest on the crypto you stake their. In Binance they are giving 6% interest on tether and 1.2% on BTC in simple staking, they have other different plans too. There are some websites like crypto.com that provide more interest than binance  you can check out those as well.

[jossiel]

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.

That's what I'm thinking about as said. Instead of putting it to those features, they have to be locked out for a certain period of time while earning those interests. It's not really worth it at all when you see the price of the coins you stake goes up and the percentage can easily be attained by holding it.

One disadvantage is when it's locked up and the market is going sideways and you want to sell it, you have to finish it unless you've chosen those free to withdraw out of the contract anytime.

[Twinkledoe]

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.

That's what I'm thinking about as said. Instead of putting it to those features, they have to be locked out for a certain period of time while earning those interests. It's not really worth it at all when you see the price of the coins you stake goes up and the percentage can easily be attained by holding it.

One disadvantage is when it's locked up and the market is going sideways and you want to sell it, you have to finish it unless you've chosen those free to withdraw out of the contract anytime.

Never done this type of investment as well. I prefer to manage my own portfolio. Though there are some perks on this kind of investment. However, if you want to move or do something about it, you can't as it is in locked period. Mostly, those who don't have time to manage their funds use this type of investments. They don't have to worry everyday what they want to do with their portfolio. However, they need to accept whatever the outcome is after certain period of time.

[jerry0]

Thoughts on nexo.io?


What are the top and safe exchanges?  I heard Blockfi but i can't use it.

[arwin100]

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.

For so many scams happened I'm not surprise for someone for being afraid of those kind of investment I myself doesn't have guts to put my money on a platform that I cannot sure tht I will get a ROI or even the capital back. And I think I can manage to get that % of profits offered in trading that's why I choose to manage my own assets if we talk about investment. I don't trust any of those for now but let see if I will try it in future since still I'm not totally closing this option when I see something really good.

[jossiel]

That's what I'm thinking about as said. Instead of putting it to those features, they have to be locked out for a certain period of time while earning those interests. It's not really worth it at all when you see the price of the coins you stake goes up and the percentage can easily be attained by holding it.

One disadvantage is when it's locked up and the market is going sideways and you want to sell it, you have to finish it unless you've chosen those free to withdraw out of the contract anytime.

Never done this type of investment as well. I prefer to manage my own portfolio. Though there are some perks on this kind of investment. However, if you want to move or do something about it, you can't as it is in locked period. Mostly, those who don't have time to manage their funds use this type of investments. They don't have to worry everyday what they want to do with their portfolio. However, they need to accept whatever the outcome is after certain period of time.

We don't want to be negative but things can happen unexpectedly and if it's our funds that are affected, we'll definitely be in ruckus if our money is affected.

Thoughts on nexo.io?


What are the top and safe exchanges?  I heard Blockfi but i can't use it.

Binance, Kucoin, Abra. Nexo is known for it even before than those that I've mentioned.

[Snappycoco]

I tried Whitebit's smart staking. They have a good interest rates for upto 30% a year with USDT and 26% a year for BTC. I think this is a good idea and worth a share for you guys. Take a look.

https://whitebit.com/smart-staking

[Traderbtcc]

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.

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?

What are your experiences so far with loaning your crypto?
What place do you loan to, or recommend loaning your crypto to?

It's a good thing you have been holding onto those cryptocurrencies all this while, the value of those cryptocurrencies should be atleast x2 right now, but the idea of lending out your coins to a third party site with the hope of getting 5-7% yearly is wrong, storing or giving your coin to a third party is just too risky, our crypto's are only safer in our wallets alone, cause any third party site can easily get hacked and boom the staked funds can get stolen, then the next thing you would start begging to get your money back, instead of this 5-7% yearly while not try trading, you could make much more than that in a year with the right trading strategy.

[Beparanf]

I tried Whitebit's smart staking. They have a good interest rates for upto 30% a year with USDT and 26% a year for BTC. I think this is a good idea and worth a share for you guys. Take a look.

https://whitebit.com/smart-staking

I only knew whitebit recently after the hype on Doge and there scheduled AMA with them. I don't know if they are really trusted because they are offering a high APY for Bitcoin and USDT asset. It's understandable for DeFi coin to see this crazy APY figures since they are financing but for BTC and USDT investment is a bit sketchy.

But this offer is a steal if they are really legit.

[vintages]

I suggest to you to offer loan to this forum but remember that you need to grant a loaner who is trusted and high rank so you will be sure that you will get your crypto back with interest like 10 percent per month is good and big compared to the interest that you mentioned and not annual but it monthly. But lending your crypto to others even company or person is very risky so take your own risk.

Even offering loan to this forum is still kinda risky. Even though there are certain measures to ensure that the loan is recovered, it's still does not worth losing any amount of Bitcoin. With the price growth of Bitcoin, I do advise anyone to hold onto their coin.

[Fredomago]

I tried Whitebit's smart staking. They have a good interest rates for upto 30% a year with USDT and 26% a year for BTC. I think this is a good idea and worth a share for you guys. Take a look.

https://whitebit.com/smart-staking

I only knew whitebit recently after the hype on Doge and there scheduled AMA with them. I don't know if they are really trusted because they are offering a high APY for Bitcoin and USDT asset. It's understandable for DeFi coin to see this crazy APY figures since they are financing but for BTC and USDT investment is a bit sketchy.

But this offer is a steal if they are really legit.

It's tough decision to make as there should be lots of investigation and assessment before taking your way investing to this project, that huge APY might attract investors though it's also not going to be easy.

There are many people around this sphere who are afraid of getting scam as such offer is really decent,
with how the business works, if being successful there's  a possibilities that it can be managed to pay
investors that amount of interest, if not, then it will turned against the investors as losing money is anticipated.

[Bitcoinsummoner]

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.

Lending is always not risky if the site is trustworthy. It is not the fact how the valuation is. Because at the same time they are borrower and lender in maximum case. For example: blockchain.com is a lender and borrower. When anyone take loan from them the lender should have to provide collateral.

[cyriljundos]

It all depends on you, on how you invest a coin that can give you highest percentage of profit at the same time you had fun in trading and investing a coin. If your happy and you earn at the same it means that you are effective traderr. Just make sure that you choose the right coin to hodl and trade so that you wont lose your investment.choosing the right coin and trading site is important .

[Hamphser]

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.

Lending is always not risky if the site is trustworthy. It is not the fact how the valuation is. Because at the same time they are borrower and lender in maximum case. For example: blockchain.com is a lender and borrower. When anyone take loan from them the lender should have to provide collateral.

I dont consider any platform to be trustworthy no matter how many years that they had been existing because they can really ran off those funds anytime.
I dont really have any much confidence with that but there are platforms out there that do give out such interest opportunity to those who do tend to lend.

Also, does 3 to 4% APY sounds interesting? no its not.

[SquallLeonhart]

Never done this type of investment as well. I prefer to manage my own portfolio. Though there are some perks on this kind of investment. However, if you want to move or do something about it, you can't as it is in locked period. Mostly, those who don't have time to manage their funds use this type of investments. They don't have to worry everyday what they want to do with their portfolio. However, they need to accept whatever the outcome is after certain period of time.

Honestly I can still do a daily work and still be on top of my coin while investing to make a lot of money. If you check algo stable coins you will see that they are giving between 1% to 3% returns and they do not have too long lockdowns, usually the locked period is about 48 hours so you would basically be getting out very frequently, you could also always go for the LP which would be giving you a decent return and you could always get in or get out with that as well, you could use it to increase your LP or just take the profits out, there is also places like beefy finance where you just automatically grow bigger and bigger instead of anything else.

Simply put there are things like you mentioned and I understand why people prefer stuff like that, it is definitely something worthy looking at, but there are things like I said as well which are best of both worlds.

[angrynerd88]

As per my think about it can be picking up intrigued in crypto is approximately contributing in monetary forms it is conceivable to create a benefit by making long term ventures in monetary standards like bitcoin and Ethereum in crypto it is additionally in a much way better position to hold other altcoins.Earn cash on crypto, you wish to analyze the showcase and select the proper money i think it is much more secure to put a credit at hazard on the off chance that you put it on hold. May be there  no fear of losing indeed in the event that you've got to hold up for a long term venture, it is conceivable to win twofold benefit in case the cost rise.