Interest on Bitcoin

[isaac_clarke22]

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Who the hell will give their BTC to anyone? Not your keys, not your coins. Even if that is a service, I do not see any reason to give away your private keys to anyone. This is somehow similar to those who want you to give them your BTC, contacting you through WhatsApp, and then claiming that they can "8x" your coin overnight.
Fishy? I know.

[kryptqnick]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

Interest rate makes sense with fiat because it's stable, and the value is actually slightly decreasing with time, and also because we're often required to use banks which basically have control over our money anyway. But when it comes to cryptos, there's more risk involved when giving access to a company, and, more importantly, there's an alternative of being the sole owner of your coins. Also, Bitcoin is very volatile and tends to grow a lot in value over big periods of time, so any interest rate one can find is simply insignificant because a change like 6% can happen over a single day. So I wouldn't use such services and don't think they make much sense. Honestly, though, I don't use them for fiat either.

[michellee]

The only interest that I want is from lending my BTC in the exchange to traders because that can be additional revenue for me. Or you can earn interest from some wallet but do not expect to earn big if you do not use a big amount of BTC. But I will keep my private key by myself and not share or tell others because that is my own BTC. Do not get attracted because of high-interest rates from some programs as that can scam you anytime. Even if you are not lending your BTC to others, you will still get the interest because of the high price increase.

Since a lot of scams happen in the crypto world, we really have to be more careful with platforms that offer high interest rates. Actually, as long as
we can choose trusted platforms to participate in programs that give interest to our Bitcoins, should be safe. Usually, some popular platforms
give us interest if we are willing to lend the bitcoins we have. But so far not so great interest offered by trusted platforms, so I'm more comfortable
getting interest due to the rising price of Bitcoin. Because I just store it in my own hardware wallet, which is the private key only I know and just waiting
for the Bitcoin pump, that way I don't need to be afraid of being deceived.

Getting the interest due to the rising price of bitcoin is my concern and that is why I always try to save the satoshi and only sell when the price is rising. A newbie can attract the platform that offers high-interest rates because they do not know much about the investment and see a program offer to join them. That makes many newbies getting scam and tell to other about their bad story. Right now, we can take the interest rate due to the rising of bitcoin price and that is our profit as a bitcoin price increase to $64k and that is back to the last ATH.

Many newbies fall victim to scams in the crypto world, it's because they are not wary of offering high interest rates. They only think about making
a profit in a short time, so scammers will find it easier to deceive them. I'm disappointed with newbies blaming crypto for their capital loss, even
though it's their own fault for not learning crypto properly. So before deciding to invest, learn everything about crypto. So they can tell which ones
are fraudulent and which ones are legit. Regarding the Bitcoin price which managed to rise to the price of $64k, it is already profitable for people
who have bought Bitcoin when the market is correcting. This also proves that we don't have to bother looking for platforms that promise interest
to be able to generate profits. Because it is enough to hold Bitcoin, a simple and safe way to make a profit. Moreover, if we plan to invest long-term
in Bitcoin, the profit generated may be greater than the platforms that offer interest.

Those newbies attract to crypto because seeing other people who can make a lot of money quickly makes them think they can do like them. Yes, they can do like them and get big money but they must know what those people did to not get the wrong way. Most newbies follow the other people in a local group chat and read about how they make money so they follow what they said without searching for more.

Bitcoin price can make new ATH which means, they are making a lot of money if they buy at the dip but many new people buy not potential coins so they do not see the profit from that coins so they regret it. But if in the first start, they buy bitcoin and just hold it without tempting with the other offers, they are really making a profit from crypto. Hopefully, the next new people can learn about that so they do not make the same mistake as the previous people.

[Alucard1]

Everyone who's holding already earn money in bitcoin as we have already reached the new ATH.

Do you feel this is risky, whoever owns the private key owns the BTC ?

Sharing your private key with someone is really risky, even though that is your family, you should never tell it to them as long as you have full trust in them, we should be practical, money always changes people so don't trust so quick. Always keep your private keys on your own, better to store them offline or write them on a piece of paper and make a double backup for this.

[arwin100]

Wondering how many of you earn interest on your Bitcoin?

If you are holding before until today obviously you earn a huge interest for bitcoin reaching at the current level.

Do you feel this is risky, whoever owns the private key owns the BTC ?

Somehow yes since we don't know on how long their service last up that's why we need to take extra precaution on using those wallet providers since we are not sure on what's running on their mind especially we know they are dealing a lot of balances and anything could happen if something evil pop out on their heads.

[carrigan]

Even though it's risky I will never give my BTC private key to anyone else. It is better to store and hold it for some time which will actually be more profitable. BTC is the best crypto and number 1 has even been known by many people in the world. His popularity became a great opportunity for him to skyrocket even more than now. If you only see BTC from the negative side because of the high risk you are wrong, behind the big risk there is also a big profit. So you better be patient and hold your BTC for a while to enjoy the results.

[Jeger.Kiting]

With the increase in Bitcoin at this time, it has a very good impact on the growth of Crypto, and as time goes on, bitcoin users are increasing, but the more concerned about fraud will be rampant.

[TheUltraElite]

Is there any reason I should be trusting him? Just because he's built a remarkable reputation doesn't mean I'll be handing over my coins to them.

Indeed a relevant line for any newbie who is still having doubts about bitcoin and so called "interest". It is the essential ingredient to scams that happen with bitcoin.
A similar idea can be drawn to MtGox and such incidents - exchange hacks where people did not care withdraw unused coins back to wallets.

A lot of trust issues can be understood from the posts in this thread, I agree. Even if the owners of NEXO, SALT and so on whichever ones are running, show their real faces and show their holding of user's crypto, still I would not give them access to crypto.

Because this is not fiat, here if you hand over your money to another person - that money is no longer yours. You have given away the control over those coins to another person.

Hence, newbies who dont wish to trade everyday and feeling that they are missing out on possible trading profits, need to stop their greed of earning interest. Better trade to make money or if not, hold.

[kanayaTabitha]

Wondering how many of you earn interest on your Bitcoin?

Not doing any interest or staking my bitcoin right now, i just hold it in case for investment, i stake another coins ( usually new projects for maximize my income, but higher risk ofcourse ). So i just earn interest just from the price increase.

Do you feel this is risky, whoever owns the private key owns the BTC ?

I always make sure my private key or phrase on the safe place. Writing it on a paper locally for my main wallet which hold the most assets and not save it anywhere in my local computer.
And for my transaction wallets, using a drive with password and 2FA connected, and i think it's quite safe till right now.

[Altryist]

Those newbies attract to crypto because seeing other people who can make a lot of money quickly makes them think they can do like them. Yes, they can do like them and get big money but they must know what those people did to not get the wrong way. Most newbies follow the other people in a local group chat and read about how they make money so they follow what they said without searching for more.

Bitcoin price can make new ATH which means, they are making a lot of money if they buy at the dip but many new people buy not potential coins so they do not see the profit from that coins so they regret it. But if in the first start, they buy bitcoin and just hold it without tempting with the other offers, they are really making a profit from crypto. Hopefully, the next new people can learn about that so they do not make the same mistake as the previous people.

Do you mean buy only bitcoin in order not to make a mistake? And if I understood you correctly, it is not good to buy now because bitcoin is at ATH now. It follows that now you just need to wait for the moment when bitcoin drops in price and then buy it. But what if this does not happen and bitcoin will only grow in the future without significant drawdowns?

[Reatim]

With the increase in Bitcoin at this time, it has a very good impact on the growth of Crypto, and as time goes on, bitcoin users are increasing, but the more concerned about fraud will be rampant.

of course , Bitcoin is increasing so for what you expect the growth ? it is for cryptocurrencies and nothing others lol .

and Fraud? lol only people like you are still affected by fraud because for us who trust the market and specially Bitcoin , we knew that the fall now is the increase tomorrow .

interest in bitcoin is increasing because now people are realizing that in time of economic problem it is digital goods is what they can rely .

[keira1228]

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[adzino]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

It is risky. You are lending your bitcoins to a random exchange or platform. You have no control of the wallet keys, which means the coins no longer belongs to you. You trust that the platform will keep the coins you lent them safe. If the platform goes down or gets hacked, there is a high chance you will be losing all your coins. It is not worth taking the risk. Just hold your coins for long term and make profit as the value goes up. Or invest in coins that you can stake and earn a percentage as reward.

[Rampagoe004]

The interest we get from bitcoin depends on the increase in the bitcoin we invest in, and every asset we have certainly has risks in storing these assets, especially in storing private keys, it must be very careful not to be known by others and just disappear, and currently many bitcoin assets are locked for different reasons that surely assets we can not take anymore, But you should know not all who have their private keys have assets, if you want to make big profits then we have to invest large amounts.

[TheGreatPython]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

Most of the platforms that I’ve seen that would give you interest on your Bitcoin are given around 4.5%, but I think I once saw six percent (6%) on Luno, so that’s the highest I’ve seen so far, I think. But I’m not really the type that is taking my coin for interest on any platform, although it might seem like an interesting thing to do.

I usually feel that the normal fluctuation in the price is enough for me to get me an interest no matter how much I’m going to need. So, what I simply do is to invest and store it in my wallet and whenever the price goes up I’m OK with it. It will then be up to me on whether I would like to sell the coin or keep holding.

[Yamifoud]

The price of bitcoin has risen at an extremely rapid rate, and the price of a bitcoin is currently much higher there is no government intervention here. Interest on bitcoin the person gets everything through his investment there is no amount of interest in the government sector like fiat bitcoin investment has tackled people’s financial problems with the growth of wealth. The price of bitcoin will rise further so there is time those who have not yet taken advantage of this opportunity, must join this journey of improvement with bitcoin.

As it was expected that Bitcoin will increase its price in no time frame and even without any support from the government.
Like if we invest now, we might be able to get 10-20% in a few years and much more if the bullish has come. I think we are compensated enough for such a return.
But, due to the price fluctuation, the percentage we get will also vary depending on the situation. However, we can manage to wait for the ATH and perfectly have sold it, that much more likely it has or we can make a triple or even more. The more you invest, the more you get profit, that seems the principle.

[Mauser]

Wondering how many of you earn interest on your Bitcoin?

At the moment I am not earning any interest on my bitcoins. Bitcoins had such a strong year in 2021, in my opinion there is no real need for interest on our coins. When making returns of 100% in a few months than we should be already happy with it. Crypto lending can offer us some good returns during our HODL periods, but we need to be aware that there are risks involved. 4 to 6% interest sounds nice at first, but when losing everything its devastating. It's another layer of risk we need to be comfortable with or not. Personally I am not looking for interest by lending out coins.
Another form of interest I had in the past was gambling. Before the recent bitcoin rally I used to gamble and play poker with my bitcoins. So every time I won money I withdraw using crypto currencies, and every time I lost money I covered the losses with fiat money. This was probably more a way of switching fiat into bitcoins but it offered some easy way to boost my crypto portfolio.

Do you feel this is risky, whoever owns the private key owns the BTC ?

Unfortunately yes, there is always a problem with the security of wallets when we rely on mobile or online wallets instead of hardware wallets. While this might be not a big issue in the past when we used online walkers for a few hundred USD. But now with the rising bitcoin price the pressure towards security is rising too. For hackers it becomes much more profitable just to steal a few BTC. And with bitcoins likely to rise even higher this will intensify.

[Rokon5]

Bitcoin is now safe zone for invest.Someone speaks that it is risk zone but I will tell Every investment has a certain level of risk but Bitcoin is more profitable than others coin.If you want to earn form here then you must be acquire knowledge about Bitcoin .

[7788bitcoin]

Who the hell will give their BTC to anyone? Not your keys, not your coins. Even if that is a service, I do not see any reason to give away your private keys to anyone. This is somehow similar to those who want you to give them your BTC, contacting you through WhatsApp, and then claiming that they can "8x" your coin overnight.
Fishy? I know.

Even if anyone wants to earn interest with Bitcoin there is no platform that can be trusted giving away interest like that and i will not take any chances nor does anyone to hold their coins in exchanges if they are not planning to trade. There are exchanges that give you interest for holding the coins but i will not trust them either. When it comes to random messages posting returns, hell no way, block and move on .

[maydna]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

I think to earn interest for bitcoin will depend on how much bitcoin we save in the wallet. I think we can select which wallet supports the interest of the bitcoin and use the wallet to store the bitcoin. Nexo can be a good choice for you but you can try with Atomic or Cro wallet. Maybe you can compare all of the wallets to find which wallet can give you more profit.