Best CeFi platforms to earn interest on your crypto

[defiboy]

Now almost everyone knows about crypto saving, that helps you to generate passive income on your assets without actively trading them. Here is my personal list of the CeFi platforms that are safe and will help you to earn interest on crypto:

BlockFi
BlockFi is one of the oldest CeFi players on this market. BlockFi offers low-cost USD loans secured with crypto and various interest-earning saving products. The APY typically varies from 3 to 9% for the main coins. BlockFi is regulated at the federal and state level in the United States and has a huge global userbase. Recently, BlockFi has secured a $350 million round D investment and lifted its valuation to $3 billion.

Delio.io
Delio is probably the least famous on this list (maybe because they started supporting English only recently), but it gives users the biggest APY for BTC and ETH. Delio APY varies from 10% to 12% for major coins, they also provide their DUCATO token as a bonus. Delio also offers its lending service together with Bithumb, which is the biggest Korean crypto exchange.

Nexo.io
Nexo is another example of a CeFi platform that offers high interest to its users. Crypto holders can earn up to 5%-10% of APY on their assets. You can also borrow a needed asset, Nexo accepts 18 cryptocurrencies as collateral. Nexo is a member of Swiss Fintech and SFTA and has a strong reputation as a reliable and safe platform for global users.

Which platform do you use?

[bolawin]

Binance

[defiboy]

Binance

No need to withdraw and transfer anywhere - getting this logic, but still, just 1.2% APY for Bitcoin...

[slaman29]

Binance is not good or safe for me compared to the ones you mentioned but not that I would give my money to any of the three.

Do any of them provide insurance on your crypto in case of stolen or hacks or whatever? And do they provide proof of funds (cold wallet storage etc)?

I even invest in Bitvest without the insurance but at least they have proof of funds:)