blockchain.com EARN commission 7 %

[FinneysTrueVision]

Any platform that is offering high yield on crypto and which requires you to give up custody of your funds raises some red flags. There is not much information on where the yields for their passive option are coming from. Blockchain.com doesn't have the best reputation as a wallet so I would be cautious about using them for CeFi, especially after considering what happened with Celsius and BlockFi.

[1714610960]

1714610960

[1714610960]

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[Saint-loup]

It is for USDT, not for Bitcoin.

USDT is more risky than Bitcoin. Even the 7% is not like a too good to be true commission rate, holding your cryptocurrency on a centralized platform like Blockchain.com is still risky.

You can not trust any people, any platform to store your money. Don't forget what happened in 2022 with Terra, FTX exchange, Three Arrows Capital, Celsius, Voyager and bankruptcies from banks in 2023.

Reminder: do not keep your money in online accounts.

USDT is more risky than Bitcoin? Why? I don't understand. Unlike Bitcoin, Tether is a multi-blockchain asset, currently available on 14 different blockchains/networks https://tether.to/en/transparency/#usdt So if something wrong happens on one or even several blockchains, it will stay plainly available and won't crash unlike Bitcoin. In addition it's pegged to USD, so it doesn't undergo volatility unlike BTC which is one of the most volatile asset in existence.

[Potato Chips]

The overarching theme from all the hacks, exit scam, mismanaged funds is that it's not advisable to linger your coins with fully custodial services for far too long so my advice is it's not worth the risk.

Not that this would bring an ok signal but thought I should mention that Blockchain.com may have been in the industry since 2011 but half the time, they were only a wallet -- with a poor piss reputation, mind you, It was only a couple of years ago since they had started to slowly explore custodial services.

[Saint-loup]

The overarching theme from all the hacks, exit scam, mismanaged funds is that it's not advisable to linger your coins with fully custodial services for far too long so my advice is it's not worth the risk.

Not that this would bring an ok signal but thought I should mention that Blockchain.com may have been in the industry since 2011 but half the time, they were only a wallet -- with a poor piss reputation, mind you, It was only a couple of years ago since they had started to slowly explore custodial services.

You shouldn't forget that blockchain.com has a exchange with fiat transactions available too. https://exchange.blockchain.com
If you are using this exchange you have the same risks to lose your funds by leaving them on the exchange than stacking/lending them within this service. There are some decentralized offers with higher APRs (Azuro liquidity pool is offering almost 20% for USDT stacking) but I don't think the blockchain.com one is a bad one to avoid.

[goaldigger]

what do you guys think of blockchain.com they are offering on EARN 7 % commision ,  this company has been in the game since 2011 is guess that proves it thrustworthy  company ?

what do you think ?

Just do not go for it and totally avoid it. If you hold bitcoin instead of 7% USDT ROI, you will make more money in bitcoin. Be expecting bitcoin to get to all-time-high by next year or in 2025 and you will make multiple of the money. USDT is just a stable coin pegged with United States dollar.

This can only be good if you want a slow progress with a sure profit but if you want to take more risk and know how to make money in the market, you can just ignore it because its not that rewarding and you’ll just waste the opportunity to make more money. Though the site is already a reputable one, but still not my investment option.

[boyptc]

Haven't tried that earn commission on that website but I had a terrible experience on them because I've used them as a wallet in the past.

It had just given me almost a heart attack so, a no for me. For some nations, that's already a good percentage that you can earn with passively but you also need to consider the platform.

So, those that are interested, ask yourself first if you're satisfied with what people having as experience and feed back about them?

[BabyBandit]

what do you guys think of blockchain.com they are offering on EARN 7 % commision ,  this company has been in the game since 2011 is guess that proves it thrustworthy  company ?

It is for USDT, not for Bitcoin.

USDT is more risky than Bitcoin. Even the 7% is not like a too good to be true commission rate, holding your cryptocurrency on a centralized platform like Blockchain.com is still risky.

You can not trust any people, any platform to store your money. Don't forget what happened in 2022 with Terra, FTX exchange, Three Arrows Capital, Celsius, Voyager and bankruptcies from banks in 2023.

Reminder: do not keep your money in online accounts.

You can earn commission with many more currencies than USDT.
And I don't think OP even meant USDT? I don't understand why so many people continue speaking about it. But no need to use blockchain for it, most wallets also offer the same service.  
Solana for example, is my best investment in life so far and I got them staked for a 7% commission, now the most earnings is because I bought Solana much cheaper then it cost today.
In life everything have advantages and disadvantages and it's up to the individual to make a calculation what is best for them. But if the goal is to increase your currency's amount you want to HODL this is an amazing service.


- Regards BabyB. 👼

[Potato Chips]

You shouldn't forget that blockchain.com has a exchange with fiat transactions available too. https://exchange.blockchain.com
If you are using this exchange you have the same risks to lose your funds by leaving them on the exchange than stacking/lending them within this service. There are more decentralized offers with higher APRs (Azuro liquidity pool is offering almost 20% for USDT stacking) but I don't think the blockchain.com one is a bad one to avoid.

I did not forget 🫡 my point was, their custodial arm was established at a much later time [than 2011] so op's they've been here since 2011 has a catch in this case.

I do think they're a bad one to avoid though whether you wanna use it as an exchange, wallet or for gaining interest.

1. For wallets or exchange, there are better options out there for most use cases.
2. For gaining interest, op just has to look at all the custodial services who got hacked, exit scammed, had poor funds management or whatever reason they come up with. If there's something to learn, it's that we shouldn't let our coins sit on their custodial wallets for long periods hence this earn thing is a no-go.

A much better alternative is to hold bitcoin in a wallet that op control's and preferably in a non-hot wallet too.

[Peanutswar]

If you manage to make a ride with the market volatility of the BTC or even the altcoins you can earn more than that 7% like the others we highly recommend investing instead. In the end, you stake and locks so you cannot get your funds when you need to because there's a designated time you can claim those assets again. Rather choose to have your own wallet so you can pull it out without too much hesitation and getting stress besides from the congestion.

[Saint-loup]

I did not forget 🫡 my point was, their custodial arm was established at a much later time [than 2011] so op's they've been here since 2011 has a catch in this case.

I do think they're a bad one to avoid though whether you wanna use it as an exchange, wallet or for gaining interest.

1. For wallets or exchange, there are better options out there for most use cases.
2. For gaining interest, op just has to look at all the custodial services who got hacked, exit scammed, had poor funds management or whatever reason they come up with. If there's something to learn, it's that we shouldn't let our coins sit on their custodial wallets for long periods hence this earn thing is a no-go.

A much better alternative is to hold bitcoin in a wallet that op control's and preferably in a non-hot wallet too.

You should read more carefully OP's posts, in his second post, he mentioned that he was only interested in stable coins investments because he wasn't looking for volatile investments like Bitcoin leading to severe losses when you need to cash out during bear markets. In addition current rates on this platform are very low for Bitcoin : 0.65% APR, which doesn't cover the risk to leave funds there, neither on any custodial platform to be honest. Currently only 7%+ investments worth it IMO, and you can only find them for stable coins or small cap altcoins right now.

[Huppercase]

Hello ,


what do you guys think of blockchain.com they are offering on EARN 7 % commision ,  this company has been in the game since 2011 is guess that proves it thrustworthy  company ?

what do you think ?

Let's put the % in one place. Why are you going to risk your coin with a company because you think they have been in the game since 2011, who knows if they are currently illiquid and they are looking for a bail out funds to keep the company running on users fund? I don't think it's a good idea to earn 7% from any company for staking irrespective of the coin service they want to offer you. That said, let's loom into the %.

I want to assume that % is for some altcoins especially altcoins, no sane company will compensate you with 7% because you keep your bitcoin with them. Come to think of it for a second, don't you think companies are there to make profit? They don't have free money to give you, they rather take from you and that staking is a strategy to gain from you guys. It might take time to get what they want from you but I assure you that they are going to gain from you and it will be big. Just do the  matches from their offers and you will understand that it's not worth it.

[sokani]

Hello ,


what do you guys think of blockchain.com they are offering on EARN 7 % commision ,  this company has been in the game since 2011 is guess that proves it thrustworthy  company ?

what do you think ?

I just browsed through blockchain.com website and it's offering different APY for different coins. Though, it's been around for some time but no matter how reputable an exchange is, I'm totally against the idea of staking, and I'd not trust them with the safe keeping of funds because anything could happen to the exchange and you could lose your coin. Please don't be lured by the reward they're offering because it's really not worth it. If you've the fund, it would be more rewarding to just buy Bitcoin and hodl in your wallet.

[Bananington]

It's just too good to be true unless there's a catch which is not really made clear. These times we have witnessed charges for transactions going up to percentages that is even more than this 7% commission. I think the underlined word is to earn it. How does one who only use Blockchain to facilitate transaction without even thinking of trading full time, earn such a commission from just being a customer to the Blockchain?
It's a good initiative though, am hoping to see persons who have earned such commission talk about how it was made possible.

[GreatArkansas]

It's just too good to be true unless there's a catch which is not really made clear. These times we have witnessed charges for transactions going up to percentages that is even more than this 7% commission. I think the underlined word is to earn it. How does one who only use Blockchain to facilitate transaction without even thinking of trading full time, earn such a commission from just being a customer to the Blockchain?
It's a good initiative though, am hoping to see persons who have earned such commission talk about how it was made possible.

This platform really improved over time because we all know that when they started, they only had Bitcoin explorer.
But now they already have exchange and this Earn program which you will able to gain passive income.

But for me, Blockchain.com is an OG platform in the Bitcoin market, they are still here. The 7% rate  is quite high but I believe they have some terms and conditions on this rate, so check it first and verify.

[shield132]

Hello ,


what do you guys think of blockchain.com they are offering on EARN 7 % commision ,  this company has been in the game since 2011 is guess that proves it thrustworthy  company ?

what do you think ?

blockchain.com support is dead and their system has some problems, I wouldn't store my funds in their wallet because my personal experience is that I created account on blockchain in 2016 and then I wasn't able to login. My password was correct, I was receiving email confirmation, I was clicking on that but then blockchain.info was giving me some error and wasn't signing in in my account.

I think Nexo is a better alternative, they have been around for a long time and I don't remember anyone having problem with them, they also offer very high interest rates on bitcoin and stablecoins compared to others.

P.S. Not your keys - not your coins. Always keep in mind that if you don't own keys, you never own coins and you never are safe.

[synchronym]

Hello ,


what do you guys think of blockchain.com they are offering on EARN 7 % commision ,  this company has been in the game since 2011 is guess that proves it thrustworthy  company ?

what do you think ?

op USD You must watch this year if you want to hold. You will buy usd based on how the bitcoin market is doing this year. If you don't wait or decide to buy without checking the market, your amount may come to 0.

[Essential10]

The point here is that blockchain is offering 7%. Basically what matters is how good the quality is from where it is offered. It has controversial blockchain exchanges. Blockchain.com was once accused of poor customer service. There were many complaints of account access being blocked while using it. Their wallet level security was also questionable. Regardless of where you invest your money, you should take the next step by looking at the credibility of the platform.

[Potato Chips]

You should read more carefully OP's posts, in his second post, he mentioned that he was only interested in stable coins investments because he wasn't looking for volatile investments like Bitcoin leading to severe losses when you need to cash out during bear markets. In addition current rates on this platform are very low for Bitcoin : 0.65% APR, which doesn't cover the risk to leave funds there, neither on any custodial platform to be honest. Currently only 7%+ investments worth it IMO, and you can only find them for stable coins or small cap altcoins right now.

Then don't cash out during the bear market. Before diving into investments, one must setup an emergency fund and all the basic stuff so they're less likely to dip into their investment when it's not harvest time yet.

I did suggest to hold bitcoin in my previous post as an alternative but it was never on anything custodial, much less on blockchain.com. In fact, my post was against that very idea. I'm not gonna repeat why as I've already said so in my previous post.

OP may only be interested in stable coins but who's to say we can't attempt to change their mind with a sound alternative :p

[Saint-loup]

Then don't cash out during the bear market. Before diving into investments, one must setup an emergency fund and all the basic stuff so they're less likely to dip into their investment when it's not harvest time yet.

I did suggest to hold bitcoin in my previous post as an alternative but it was never on anything custodial, much less on blockchain.com. In fact, my post was against that very idea. I'm not gonna repeat why as I've already said so in my previous post.

OP may only be interested in stable coins but who's to say we can't attempt to change their mind with a sound alternative :p

Nobody can predict the future, so nobody can say how long would last a bear market and how much money he will need to spend in case of a hard hit in his life. Moreover if you need to set up an emergency fund, you are losing even more interests compared to a stable coin investment, because you don't need that if there is no minimum locking period or if it is already ended, with this type of product.