Bitcoin and interest rates and defi yielding gains

[Shasha80]

I am not discouraging you to hold long term in hotbit, but be very careful investing in exchanges.
My confidence in terms of earning interest via savings is on binance only, even if they have relatively low APR.
Remember, once the exchange is attacked or something, would be hard to get your money back.
But with binance, if anything happens, they have insurance called SAFU to protect their customers.

I visited their socials, and it doesn't look professionally managed, in my opinion. I don't trust most exchanges. Some of them are just used by projects to list their coins to gain attention and a positive reputation, they pay them a considerable amount of funds as payment. It's also alarming how many exchanges were hacked, or they use it as an excuse to hide the fact that they run away with the money.

Do not be careless in choosing exchanges, because only exchanges that are popular and have a good reputation are the exchanges that
we should use. The problem is that many exchanges end up being scams, so don't let us lose money because we choose the wrong exchanges
for investment. Moreover, there are many incidents where exchanges are hacked and the exchanges fail to return investors money. I highly
recommend Binance as  the best exchange, besides having good security, Binance has always maintained its reputation. So far I've never had
any serious problems using Binance.

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[Veter2000]

It is not very clear why most of them write in topics about exchanges? There are now many options for investing bitcoin at interest other than centralized exchanges. Starting with cryptolendings like CeFi CelsiusNetwork, Nexo, BlokFi, Ledn and other smaller ones. There are also single pools in DeFi for bitcoin, which now give up to 10% APY. The choice is large and depends on the risk tolerance of a particular investor.

[Shenzou]

So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr.
Let's say I'm holding 500k usd of btc n eth I will earn about 17k$ interest a year.
There is risk involve at how exchanges can exit scam or hack exchanges.

But it is truly amazing to be gaining interest nowadays. When I first started 3 yrs ago there was none of this interest or defi farming.

I can start early gaining small income earnings rather then buying a house for 1 mil in cali and renting it out for 36k a yr minus property taxes to about 24k a yr.

I'm sure this crypto asset will be a golden age. Instead of finding money by holding land. U can find money by holding btc n eth through interest. Just my opinion.

It is true that crypto is and will become the number one investment that can gain you a lot of profit,  but of course this does not come at ease, the prices are not always up so if you are saying that you made 17k this year next year the prices might go down and you might find yourself at a loss, the point is the income is not consistent unlike property investment, now that does not mean that crypto investment is not good but it should be a secondary thing that you invest in it for long term and not to fully put you life savings on.

[Sterbens]

Can you transfer Bitcoin holdings from Hotbit to another, more secure exchange? That doesn't mean Hotbit isn't secure, just that you should consider things that are more vulnerable than other exchanges. As @TimeTeller suggested, you can choose Binance to further customize the high level of security.

Because it's a shame how good asset management you manage will look so perfect, you just have to choose an exchange that will provide a much more secure guarantee for the continuity of assets that are large enough to be owned by you.

[ninabobo]

For me I just prefer buying and sending to my wallet, I prefer holding bitcoin in my wallet and keep benefiting from price increase, I don't like staking because what you saying is same as staking, tho it isn't bad but for me I can't keep my money idle just because am staking and earning few amount in return, instead I would use that money to trade and make higher income. Another thing too is i don't like the idea of keeping coins in an exchange because anything can happen, tho most exchanges are well secured and can hardly be hacked but just for the reason of staying safe i keep my funds in my wallet.

[Darker45]

I am hoping no less than the best for you, but I also hope you've went through careful research and analysis before finally deciding to get into this very risky undertaking.

Personally, though, this thing is not my cup of tea. A daily interest out of a 3.8% APR from my money kept in a centralized exchange is something that would never entice me. That is too small a reward in exchange for too high a risk. Not worthy at all.

Using your example, do you seriously think that risking $500,000 in order to gain a mere $17,000 annually is good enough?

[NeverSop]

I am not discouraging you to hold long term in hotbit, but be very careful investing in exchanges.
My confidence in terms of earning interest via savings is on binance only, even if they have relatively low APR.
Remember, once the exchange is attacked or something, would be hard to get your money back.
But with binance, if anything happens, they have insurance called SAFU to protect their customers.

Agree, Hotbit is not a reliable place to bet btc/ETH.  Binance or Huobi are much safer options.  Loyal bitcoin holders because they respect and truly believe in bitcoin will make the most of opportunism from the benefits bitcoin has to offer.  I only keep bitcoins in my private wallet.  I think only bitcoin gives unlimited profit.

[UserU]

Can you transfer Bitcoin holdings from Hotbit to another, more secure exchange? That doesn't mean Hotbit isn't secure, just that you should consider things that are more vulnerable than other exchanges. As @TimeTeller suggested, you can choose Binance to further customize the high level of security.

Because it's a shame how good asset management you manage will look so perfect, you just have to choose an exchange that will provide a much more secure guarantee for the continuity of assets that are large enough to be owned by you.

All exchanges are not safe, especially for hodling for long periods. Also their rates are way lower than third-party custodial/ DeFi exchanges.

[jerry0]

Are the defi interest rates flat like with stablecoins like usdt or usdc though?  I cannot use many sites due to my country even though im abroad because im still a resident in the US.

[UserU]

Are the defi interest rates flat like with stablecoins like usdt or usdc though?  I cannot use many sites due to my country even though im abroad because im still a resident in the US.

For pairs (e.g. USDT-DFI), they do offer high rates than simply parking them.

Which site(s) are you referring to though?

[blockman]

Earning interest with exchanges isn't bad and thanks but no thanks, I won't be doing the same thing as you. I'm fine holding bitcoin and ethereum alone to my hardware wallet and will wait for the right time to take them to exchanges and sell it for profit. I'm not confident with these exchanges that I'll deposit for the sake of interest, I have no full control over my bitcoin and ethereum if I'll be getting those APR/APY from them. There's no security and guarantee that they'll be refunding you if a hack happens while you're deposited in them.

[dansus021]

Like all always said "Not your keys not your coin" i know that some exchanges are offering Yield to their Hodler like Hotbit and BInance i already try it.

i also already try invest on 1 exchange that right now are scam maybe you all doesn't hear it QBTC.COM but yes dont all in into yield and you say was right that DeFi Farming is pretty new

but not just in cex on dex itself there dozen of hack happen you can check on rekt.news for more info. invest with money that you can afford to lose stay dyor and pick top cex and dex when your are farming and made sure they are audited for dex and have asurance when they are cex

[Veter2000]

Are the defi interest rates flat like with stablecoins like usdt or usdc though?  I cannot use many sites due to my country even though im abroad because im still a resident in the US.

   Of course not. Interest rates, including on stablecoins in DeFe pools, depend on the platform, on what it earns, its popularity, liquidity, blockchain on which the platform operates, etc. It is not for nothing that all DeFe investors are constantly pouring liquidity into various projects.

[Ararbermas]

So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr.
Let's say I'm holding 500k usd of btc n eth I will earn about 17k$ interest a year.
There is risk involve at how exchanges can exit scam or hack exchanges.

But it is truly amazing to be gaining interest nowadays. When I first started 3 yrs ago there was none of this interest or defi farming.

I can start early gaining small income earnings rather then buying a house for 1 mil in cali and renting it out for 36k a yr minus property taxes to about 24k a yr.

I'm sure this crypto asset will be a golden age. Instead of finding money by holding land. U can find money by holding btc n eth through interest. Just my opinion.

correct, it's always good to hold bitcoin or should i say crypto currency than any investment like stocks because for sure with crypto you can really obtained a good return after all, i mean it's all well and worth it at the end of the day. Indeed why we need to choose an investment wherein if there's already a proof that with crypto currency there's a good future even before.. Too good to be true!.

[DarkDays]

So not only is btc a good store of value u can earn interest on your bitcoin holdings. I'm holding btc and eth and gaining daily interest 3.8% apr on the exchange. Hotbit.io I am also doing defi farming on these holdings. So Additional gains about 9% apr.
Let's say I'm holding 500k usd of btc n eth I will earn about 17k$ interest a year.
There is risk involve at how exchanges can exit scam or hack exchanges.

But it is truly amazing to be gaining interest nowadays. When I first started 3 yrs ago there was none of this interest or defi farming.

I couldn't agree with you more on this.

Unlike, traditional investments where you can't get anything close to the APY you get in crypto is the main reason why some people (who understand finance) choose crypto over stock and shares, or just keeping money in cash.

This way of passive income earning is truly amazing!