Any secure crypto / stablecoin interest service?

[Beerwizzard]

Hey there!

Anyone knows any decent service that provides interest on BTC or stablecoins? Safety should go first, no matter what is the amount of interest (but it should be over binance tiny rates).

For now I have only found Coinrabbit that offers juicy 8% on USDT but I have no idea if it is actually safe. They have no KYC so it feels like their business is not regulated and they may get shut down by some financial regulator.

Would highly appreciate of anyone shares any service and give a feedback to it.

[Oshosondy]

One thing I know about this is that you will need to use centralized site like exchanges. If you are comfortable with using cetrlaized sites like binance, then you can use binance, it has a savings option you can stake your coins and earn. If you know you can not compete verification up to identity verification, then you can not use binance.

[Beerwizzard]

One thing I know about this is that you will need to use centralized site like exchanges. If you are comfortable with using cetrlaized sites like binance, then you can use binance, it has a savings option you can stake your coins and earn.

Yup, I'm absolutely comfortable with using exchanges and I'm still holding my coins on Binance. But as I see, they have changed their rates and now it is around 1% for stablecoins so now it is not even worth sending coins there.

[Little Mouse]

Instead of going with centralized platform, why don’t you start your own lending business here on the forum? That would generate you good return if you can manage the risk perfectly with straight forward rules. In case you are interested, learn about the basic and possible risk in lending here. In my opinion, it's safe if you can run.

[Beerwizzard]

Instead of going with centralized platform, why don’t you start your own lending business here on the forum? That would generate you good return if you can manage the risk perfectly with straight forward rules. In case you are interested, learn about the basic and possible risk in lending here. In my opinion, it's safe if you can run.

Seems like it would be just another pain in the ass. I won't be able to compete for customers with reputable forum members, the process it time devouring, profit is doubtful and the inly thing that is 100% guaranteed is the insane amount of scammers that try to get a non-collateral loan, scam you with a fake token or whatever.
For the time being I just want to get a small but steady interest with at least some guarantees that service I'm gonna use would keep working for a long time, won't be hacked, and its team would not make an exit scam.

[mk4]

Custodial services:

• you're entrusting your funds by handing over custody
• funds can get hacked
• AML/KYC

Non-custodial services:

• the contracts can be exploited
• you can only use sort of "synthetic" bitcoin like wBTC

Up to you which risks you're willing to take.

As for this Coinrabbit thing that allows earning interest without KYC, I'm really skeptical.

[examplens]

One thing I know about this is that you will need to use centralized site like exchanges. If you are comfortable with using cetrlaized sites like binance, then you can use binance, it has a savings option you can stake your coins and earn.

Yup, I'm absolutely comfortable with using exchanges and I'm still holding my coins on Binance. But as I see, they have changed their rates and now it is around 1% for stablecoins so now it is not even worth sending coins there.

as far as I have seen, almost every exchanges have such a possibility. the rate varies, somewhere and a couple of percentages. it's just a matter of how much trust you have in a different exchange. Higher ranked exchanges with a better reputation use their position and offer smaller rates.
Smaller players have to offer more, in order to fight for any customer, but they also carry more risks. For example, Hotbit offers a 3.72% APR, a percentage much higher than Binance. But this is Hotbit...

[coupable]

Instead of going with centralized platform, why don’t you start your own lending business here on the forum? That would generate you good return if you can manage the risk perfectly with straight forward rules. In case you are interested, learn about the basic and possible risk in lending here. In my opinion, it's safe if you can run.

Seems like it would be just another pain in the ass. I won't be able to compete for customers with reputable forum members, the process it time devouring, profit is doubtful and the inly thing that is 100% guaranteed is the insane amount of scammers that try to get a non-collateral loan, scam you with a fake token or whatever.
For the time being I just want to get a small but steady interest with at least some guarantees that service I'm gonna use would keep working for a long time, won't be hacked, and its team would not make an exit scam.

Actually, only DarkStar and Shasan still give loan services. there are no compititors if you can perfectly manage the risk. To get rid of those you called scammers, just create your set of rules for collateral/non collateral loans in a self-moderated topic. Check other loan services topics to see how it works.
But i guess that you are not looking for a productive activity to make an extra income. Many platforms offers interest for staking but you can garante that it's fully trusted and if so then the benefit won't be that much .

[Bitfort]

Try kucoin  ... at the moment you can lend USDT at 40% APY (0.11% daily) and  BTC around 3% APY (0.008% daily).

[Oshosondy]

Yup, I'm absolutely comfortable with using exchanges and I'm still holding my coins on Binance. But as I see, they have changed their rates and now it is around 1% for stablecoins so now it is not even worth sending coins there.

Then you can make use of binance, but you should also know the downside of using centralized exchanges, they are the owner of the addresses, they have the complete control, they can freeze your account for certain reasons. If you have known all these, you have nothing to worry about.

Also I noticed the profit are not much, if you want the profit to be much, you will need to invest a very high amount of money so that the daily interest can be much, the interest is calculated based on annually though but the profit will be given daily, weekly, biweekly or monthly, depending on the one you choose.

You can decide to take your money at anytime but if you have not be rewarded any profit, no profit will be rewarded if you remove your coin from the investment before the investment period you chooce is over.

[Beerwizzard]

Try kucoin  ... at the moment you can lend USDT at 40% APY (0.11% daily) and  BTC around 3% APY (0.008% daily).

Thanks a lot! Such a high interest seems a bit suspicious but I will keep a close eye on them.
The exchange is legit and lending seems to be safe, but I also can't find a reason for people to borrow on such rates. I guess I'd probably start from small amounts.

Actually, only DarkStar and Shasan still give loan services.

Sure, but it doesn't seem like they are running out of liquidity so competing with them would be time devouring anyway.

[Bitfort]

Try kucoin  ... at the moment you can lend USDT at 40% APY (0.11% daily) and  BTC around 3% APY (0.008% daily).

Thanks a lot! Such a high interest seems a bit suspicious but I will keep a close eye on them.
The exchange is legit and lending seems to be safe, but I also can't find a reason for people to borrow on such rates. I guess I'd probably start from small amounts.

Such huge rates are just temporary. Always during bull runs (traders needs to borrow USDT for their BTC long positions ). Usual long time rate is just around 2-5% or less (depends on demand/suppply). ... you can see now it's only 30% (still a great rate tho)

Trying smaller amount for start is good approach.
Check the auto-lend feature as well.  If you put in some reasonable APY (10% or so) it will never lend at lower rate but will lend at higher rate (if here is huge demand).

[coupable]

Actually, only DarkStar and Shasan still give loan services.

Sure, but it doesn't seem like they are running out of liquidity so competing with them would be time devouring anyway.

Hey man! You are free to chose the option that matche your needs, but how you conclude that those borrowers are running out of liquidity? DarkStar is a daily active borower and his service topic is one of the most active threads in the Lending board, for Shasan it's not that easy to take a loan from him as you should fit his criteria.
I really wish you to take a look at the Lending board. It's not necessarly to compete with them as you can lunch the same service in your local board or in other forums/social platforms. As i told you in my last reply, i really want to see all the people get benefits from a productive activity and not just by staking or gambling. I wish you the best of luck Bro

[mk4]

Try kucoin  ... at the moment you can lend USDT at 40% APY (0.11% daily) and  BTC around 3% APY (0.008% daily).

While the numbers looks great, always remember that these numbers can just as easily go back down if it's the case that people get less bullish. And add to the fact that you'd need to leave your money on a custodial exchange.. I really don't know how you guys are so comfortable with it lol.

[TryNinja]

Try kucoin  ... at the moment you can lend USDT at 40% APY (0.11% daily) and  BTC around 3% APY (0.008% daily).

FTX is arguably more trusted/safer and you can get up to 100% APR when everyone starts 10x longing the entire market (i.e what happened this week with BTC going bananas). I would go with them rather than Kucoin.

nd btw, these are the APR rates, not APY. There is a HUGE difference, since APR doesn't considers compounding, while APY does.


Anyways, DeFi -> CeFi when we talk about making interest with stables or shitcoins (trust me). Pick up a trusted protocol and enjoy your farming. I've been getting a consistent 25%+ APR on multiple protocols since last year (and sometimes crazy ones w/ 200% APR+).