For those holding BTC for the long haul, do you earn interest on your stash?

[Kelvinid]

I personally don't'. I've profited more than enough by taking advantage of the BItcoin's naturally increasing price over time, so I didn't think that I'd still need to stake my coin. Not to mention as others have said, the threat of your assets not being on your own care is enough to actually consider why you shouldn't actually stake your coins. If we were talking about solely staking, I'd go for something else instead of Bitcoin. Bitcoin price volatility is enough to profit, and that little profit you can get from staking it isn't enough imo.

It is the best option for those who wanted to earn money while holding. Of course, it was found to be risky on their side knowing that they lose full control of it but as they use reputed exchanges like Binance, that is something different.

Maybe you are talking about trading and since you know how to trade, this staking isn't necessary for you then. Even me, I'd rather focus on trading as it was possible we may gain more compared to staking. However, not all are good at trading and so it gives them an option to just stake.

[1715343828]

1715343828

[franky1]

the only LEGIT 'interest' is in the PoS coins where custodians merge many users value into large addresses to stake coins for PoS block rewards.

however PoW coins like bitcoin do not earn interest. they are usually put into custodians trust and that custodian then does trades using users coins HOPING for profit. but this is not legit or guaranteed. and expect losses

in both cases giving funds to an exchange long term can put your funds at risk. not just at a bad trade the custodian does but also the custodian doing an MTGOX on its users. or like the other exchanges done with their 'we been hacked' retirement plans for themselves

dont trust any exchange offering money for nothing. if they could make money for nothing.. they would not need yours, they would be self profiting.
if they could make money why would they give it away

if its too good to be true.. its not

[ChiBitCTy]

I don’t personally earn any interest on the bitcoin I own, but outside of it I do own a little bit of DeFi stuff where I’m staking am making a modest interest return. You must be careful when it comes to these, many are scams and completely unsustainable.

[dothebeats]

No. Whatever I keep on my stash, I just keep adding more and more. The 'interest' that it accrues is solely based off of bitcoin's current valuation versus its price when I first stashed them, and to me that is more than enough. I've profited a lot this way for how many times already, and it still works with minimal effort—you just have to make sure that your wallet is safe and secure enough and you're golden.

You can earn interest by letting exchanges use your coins for liquidity, but I would go against it as the exchange's security may be compromised and they may not be able to reimburse your coins in the event of a hack

[batang_bitcoin]

I have been reading up on some interest accounts out there for BTC and Altcoins and the yields are really good especially when benchmarked against fdic insured fiat.

What’s your take on this? Is this a good or bad idea?

Not a bad idea but I don't choose to get with those interest rates for holding bitcoin. I'm good as I'm the one holding it and not any platform that would take more than the interest that they'll give to me. I feel secured and better if it's on my wallet and I'm the one who has the private keys on it. The growth in value of bitcoin is already good to me, so whenever the price goes up, that's the already the reward for me and for the others too.

Majority would really be having the same mindset when it comes to this interest or staking on where it is much better if they do held off their coins on their own wallet rather than entrusting those coins on a platform just for you to earn small interest.

I feel secured too when you do know that you do possess the private keys of that wallet on where your coins been stored.You could sleep confidently
without worrying on something like that.

Basing with the risk is something depending on someones preference so its up all to you.

Yes, it's all up to us. But the way you keep your bitcoins is much more of a priority than to look at those percentage that you'll gain. The profit you'll get in staking is also available by just holding it.
People tend to have the little percentage gain plus the value going up and it's a win for them. But for us, we're already good holding it and we're enjoying looking at the price increases of bitcoin.

[doomloop]

I have been reading up on some interest accounts out there for BTC and Altcoins and the yields are really good especially when benchmarked against fdic insured fiat.

I think they’re both quite the same, because the interest on the staking you will be doing will be from around 6% to 20% per annum. That’s pretty much the same thing with FDIC insured investments, because the interest usually goes from around the same 6%, 12%, and I have seen a few that are up to 20%.

The only difference is now going to be that cryptocurrency assets have a high level of fluctuation, and that will make it too be more able to bring profit then the regular investment. If you should stake your money in any cryptocurrency, there is a high chance that before the end of the year when you will be getting that profit, or interest, the price of the crypto currency might as well increase which means more profits in return.

[Amejoaquim]

No because I want to keep my bitcoin forever and not risk losing them. Bitcoin will continue to grow in purchasing power over the years and decades, I'm happy with that. So I will be storing them on my Trezor instead of on an exchange earning interest.

[Poker Player]

No way. Bitcoin is already profitable enough, or at least has been so far, to risk losing it for a few percent more. I prefer to have my keys and a long-term investment vision, doing DCA, and forgetting about other returns.

[slaman29]

No way. Bitcoin is already profitable enough, or at least has been so far, to risk losing it for a few percent more. I prefer to have my keys and a long-term investment vision, doing DCA, and forgetting about other returns.

Couldn't agree more with this. Sure, 8% sounds like a heck lot of interest, but people really underestimate the security (or lack of it) at all these interest or yield farm shit.

If it's centralized, take a look at Celcius and see how much they lost, with CEO being so dumb to use Metamask with millions of customer funds.

DEX is no better, Defi hacks are rampant.

Risk 100% for 8% or less? No brainer NO for me.