How much interest do you earn from your USDT?

[R1dwanRz]

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

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[Tipstar]

The way I stake my USDT might not be as easy as doing it on a centralized exchange but the ROI are much greater.
There are a few platforms with a bit difference on them. The One I use and currently providing good ROI is interport that provide a huge interest over 80% per year for USDT on some network, but the catch they have is there's a 90 days vesting period before the interest you withdraw is useable. That is you can withdraw your deposit, increase or decrease anytime but the interest needs to wait 90 days (1/3 year) to get to your wallet. It's still a good interest rate effectively above 50%.

[Bellarg]

Im using avax, 10% apy for the rest month and decentralized, much better than exchanges

[jrrsparkles]

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

3% APY will be nullified by 3% inflation rates so at the end you are making no profits by risking your capital completely. Staking on exchanges is no more profitable in my opinion. People believe AVAX is a choice so you can try which is better than conventional centralized staking in terms of returns.

[Coin_trader]

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

Instead of USDT, Convert it with Binance FDUSD when the price is below the 1$ pegged price and stake it on launchpool that provides 100% to 200% APY interest which is greater than the USDT flexible staking on Binance.

You can earn more on FDUSD staking compared to USDT while they are still both stablecoins which is safe to store your assets. This is what I’m doing for past few weeks since the correction in the crypto market started. Launchpool is very profitable and safe at the same time to farm passive income.

[electronicash]

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

3% APY will be nullified by 3% inflation rates so at the end you are making no profits by risking your capital completely. Staking on exchanges is no more profitable in my opinion. People believe AVAX is a choice so you can try which is better than conventional centralized staking in terms of returns.

safety should be their primary concern in staking thier USDT or else it will be a big loss instead for them.
although inflation is also something we look at in staking USDT, i think the people from underdeveloped countries will not see $0.12 daily a problem. this is actually a good amount for them, i'ts just unsure in the long run.

that inflation is crashing up for the US but in South Africa, i think its an advantage holding USD.

[adaseb]

If you want to earn the most in fees from stablecoins the best way is to do a cash and carry type of trade.

You need to how much of a premium Bitcoin or Ethereum future is trading at. What you do is then you use your stablecoins and you buy BTC on spot, and you send that spot BTC to a futures exchange and you use it as collateral to enter a futures short. So you are perfectly hedged and you can't get liquidated.

Right now the December 2024 futures for Bitcoin is about 8% which is like 12% APR. This way you make the highest amount with your stablecoins but there is counterparty risk because you need to keep it on an exchange but if you want to earn yield you got no choice anyways, you can't earn yield by keeping it on cold storage.

[JeromeTash]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps. I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.

[nelson4lov]

~Snipped

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

I will suggest sticking with Binance even with the rates are the lowest across the board. Back in 2021-2022 when UST (Do Kwon's stablecoin) was getting a high 20% interest rate on anchor protocol, I decided to indulge myself. When the Luna collapse happened, UST depegged massively. So my advice is to just stick with reputable exchanges. Binance in particular have a SAFU fund and the rates are very reasonable as I think they can actually earn it enough to fulfill the interest payment.

[tvplus006]

...Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

Of course, staking on Binance is less risky than Defi, but the profit is not commensurate with the latter. Recently, I managed to double the number of stable coins on the Ethena platform in 6 weeks, for staking which I received ENA coins, which was listed on Binance and other centralized exchanges. Currently on the Ethena.fi platform is in its second season, which runs until September 2.

[Bureau]

The flexible interest rate for staking USDT changes periodically depending on the amount of USDT the Binance exchange has on that day. A few days back they were giving interest of more than 10% and now it has gone down. Rather than going anywhere else I would recommend you use Binance as it is a trusted exchange and has been in this business for a long time now. I do want to make you aware that exchange wallets have their own risk.

[Hispo]

Actually. Some weeks ago I had been getting very good interests from Binance, because of the high demand there was for USDT in their centralized services. I recall seeing I was getting like 0,4$ per day or so. Though, the interest rates for binance flexible earnings completely depend on the offer and demand traders may have for USDT, in order for them to borrow money and apply leverage to their positions in the market of futures.
Since the demand for USDT had decreased much in this week, the interest have gone down much and it may seem it is not worth it to continue to keep your holdings there.
Be advised, you will probably find unreliable and shady services and neo banks in your search for high yields, be extremely careful and do not trust on unrealistic yields. Be careful with Ponzi schemes and other scams out there...

If I were you, I would see if the interests on Binance improve during these month, before considering to move out to other centralized exchanges.

[Belarge]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps. I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.

The market involves with more risks and unplanned moves. We found interests in the benefits of our ends and promising projects. USDT is a stable coin and we should prioritized our moved in the market. Knows exactly what we want and also itch for the bigger profits. Staking is good but when it comes to buying assets and storing for long and short-term, the investor should also bear in mind to generate huge figures and be capable of placing risks management.

[bluebit25]

Perhaps each person will have their own feelings, but for me stablecoin (usd) is simply a unit that helps me calculate things more simply. But I agree that there are a lot of people taking high APR opportunities to make a profit, like some cases with UST peg loss causes huge crash and risk, and other top things as well have faced difficult situations. I like what is more honest in this space when knowing the volatility, stable is not a place where I can put my trust to make a profit, but many people still take advantage of it to optimize their investments.

[Bushdark]

Reading this just make laugh like a drunkard. Why would op want to stake USDT when we are already in the bull market.
I would advise hime to rather stake a volatile coin because that would make him earn more as the price of the token keep going bull.
There is not much interest rate on staking USDT because it is a stable coin. The APY does not really worth which is depending on the exchange being used. The APY could be from 3% to 7% which is minimal to what one supposed to get on volatile coins.

[johnsaributua]

Unconsciously running a deposit is like saving in banking in general, the cex gets temporary liquidity and the investor gets a reward, that's fair. with the money intact with usdt and getting daily roi/apr and even yearly, depending on the type of deposit. Granted usdt has a constant price and follows the us dollar, but if I had $10,000 it would feel and this is the art of surviving in crypto with conventional schemes . Unlike the vaulth ethreum or bnb (take the potentially highly volatile and fundamental crypto prices that many people use all the time, DYOR) of course behind the increase of each coin is also the potential for more valuable interest.

If you want and believe in holding usdt, of course there are pluses, including when changing trends you will not be too deep to lose and may still be covered by the apr (interest reward). Indeed, the vault in a cex is slightly different, I keep usdt just to look for transit points so when the price has entered the support area of my favourite coin, of course I exchange the usdt even though I have received new interest for a few days.

[btc78]

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

Well the decision will ba based on your own preference of course.

Different platforms offer very different experiences with their regulations up to different features that are unique to them. I really suggest that you try to prioritize what is important to you because some platforms will have better flexibility than others but may have not the best security overall.

[JeffBrad12]

people aren't really making money by just saving and investing their USDT to those plans you mentioned, you need to take a different path but also arguably riskier ones such as following binance launchpool sometime they offer staking of certain stablecoin for the sake of getting that share new listed token airdrop, the APY usually quite high if compared with those stablecoin investment plans you mentioned earlier.
as I've seen many people are taking this route, considering the fact that usually every launchpool there are billions of money being staked it is indeed worth it but only if you have sufficient capital at least $10k and more then you can get meaningful rewards.
but sometime the ones that give more rewards isn't stablecoin so that's to be keep in mind as well usually stablecoin staking doesn't yield that much amount of money if you do it the conventional way.

[Husires]

There must be a balance between safety and return on investment, as you can staking FDUSD or POS altcoins and get a return higher than 3%, and considering the prices of altcoins, it is easy for the profit to reach 10% in dollars, but you increase the possibility of losing your money and losing net investments. USDT is not a POS blockchain you lock your coins in those exchange hoping they give you a good return, they may not do that so don't staking a lot of USDT and buy Bitcoin or POS altcoin if you are very interested in staking.

[Alone055]

For me, staking is not that intriguing and I would rather trade using the USDT that I may stake to get less than 5% in return for a whole year while I'm sure I can make that much in a day or maybe more than that, the only thing that it would require from me is to be knowledgeable enough to make more successful trades than failed ones so that I can stay profitable, and even if I lose more trades, I should recover the loss with proper management of my funds and the trades that I'll make.

I know that exchange platforms are generally trusted because they have been around for quite long and there is no sudden risk of them going bankrupt or running away with their customers funds mostly because they are licensed, however, we can't forget the past where things like this happened, this is why I don't find it safe to keep a large amount of funds in an exchange platform that too for such a long time.

So for me, trading is much better than staking.

[sunsilk]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps.

I think it has a dual purpose, having that preparedness when the dip comes and your USDT is ready to purchase those cheaper Bitcoins or any coin that you prefer to buy.

At the same time, it gives that interest rate for just doing nothing and depositing it to their earn product that gives the depositor flexibility and can withdraw any moment they wish to.

I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.

That's the risk of it and with these exchanges, although they have other services it's also possible to happen to these known cexes.

[Ben Barubal]

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

Instead of USDT, Convert it with Binance FDUSD when the price is below the 1$ pegged price and stake it on launchpool that provides 100% to 200% APY interest which is greater than the USDT flexible staking on Binance.

You can earn more on FDUSD staking compared to USDT while they are still both stablecoins which is safe to store your assets. This is what I’m doing for past few weeks since the correction in the crypto market started. Launchpool is very profitable and safe at the same time to farm passive income.

     I haven't tried that yet, but is that the 100%-200% APY that I should join the launch pool? I'm just asking because his app is actually big. So aside from Binance,
is there any other exchange that also has a launchpool similar to Binance so that I can also avail of such a thing?

     Because the staking features are also good in a Cex or Dex somehow. I have read a lot that it is profitable to participate in launchpads or launchpools,
said others who are with us here.

[R1dwanRz]

The way I stake my USDT might not be as easy as doing it on a centralized exchange but the ROI are much greater.
There are a few platforms with a bit difference on them. The One I use and currently providing good ROI is interport that provide a huge interest over 80% per year for USDT on some network, but the catch they have is there's a 90 days vesting period before the interest you withdraw is useable. That is you can withdraw your deposit, increase or decrease anytime but the interest needs to wait 90 days (1/3 year) to get to your wallet. It's still a good interest rate effectively above 50%.

Well, it doesn't matter how many days you stake. I think flexible staking is a great option nevertheless, cos you get to unlock it and redeem your rewards anytime. That kind of flexibility is hard to beat, especially if you might need your funds unexpectedly.

Instead of USDT, Convert it with Binance FDUSD when the price is below the 1$ pegged price and stake it on launchpool that provides 100% to 200% APY interest which is greater than the USDT flexible staking on Binance.

You can earn more on FDUSD staking compared to USDT while they are still both stablecoins which is safe to store your assets. This is what I’m doing for past few weeks since the correction in the crypto market started. Launchpool is very profitable and safe at the same time to farm passive income.

I never thought about it going that way, I'll see this once I'm at my home, and actually I don't use USDT for launchpool, usually because USDT is just a 2nd option in that way, I use BGB since they bring out more tokens in this pool.

[Kelward]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps. I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.

What you said makes common sense, because I think too that the best place to earn profit or interest in this road to bull run is in an asset like Bitcoin, you hodl it and in one year's time you're getting a good ROI, after the bull run, then you can consider staking it on a reputable stablecoin. In the crypto space, it's mainly Bitcoin that I can leave my money in and feel very comfortable, if I however want to choose an exchange to stake usdt, I'll be more comfortable with Binance, because it's a reputable exchange.

[batang_bitcoin]

I am into bybit with the spare USDT that I've got but you guys are persistent about suggesting the bitget. You are a lot in here and I guess that you're starting to convince some of us here. 

I use BGB since they bring out more tokens in this pool.

This is the same for other exchanges that has their own pool starting with Binance for their BNB. And the other exchanges are also doing the same for their users to buy their native tokens to get more rewards.

[Silberman]

~Snipped

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

I will suggest sticking with Binance even with the rates are the lowest across the board. Back in 2021-2022 when UST (Do Kwon's stablecoin) was getting a high 20% interest rate on anchor protocol, I decided to indulge myself. When the Luna collapse happened, UST depegged massively. So my advice is to just stick with reputable exchanges. Binance in particular have a SAFU fund and the rates are very reasonable as I think they can actually earn it enough to fulfill the interest payment.

We must never forget that the profits we can get are always in proportion with the risk we take, so if an exchange is offering better rates than what you can find on the most popular exchange around the world, we need to wonder why is that the case? And the most logical explanation is that those exchanges need to offer such a high interest rate because their situation is not as stable as they claim, and this could lead a person to lose all their money in the case the exchange disappeared.

[AVE5]

Some have USDT saved in their wallets basically for trading while some Investors withdraws their cryptocoins in conversion to USDT basically due to based on the nature of the crypto market.
Some Investors are self logical towards crypto markets that when they sense that the market was going to fall in a close time after they've made so profits, in order not to encounter depreciations of value in their investments they'd sell off their assets and stocka it on the USDT and during when the market has falling they'd reinvest and I obtain higher values of their coins so they could have more profits during market pump again.
Example is the halving against the bull run using DCA to buy more coins.

[ShayLegal]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps.

I think it has a dual purpose, having that preparedness when the dip comes and your USDT is ready to purchase those cheaper Bitcoins or any coin that you prefer to buy.

At the same time, it gives that interest rate for just doing nothing and depositing it to their earn product that gives the depositor flexibility and can withdraw any moment they wish to.

I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.

That's the risk of it and with these exchanges, although they have other services it's also possible to happen to these known cexes.

Have you heard of the savings blast on Bitget though? The criteria to participate is simple, you need to subscribe to any of the platform's earn product with an amount within the range of $100 or more.

The offer is available to 800 users and it is based on FCFS, you'd look this up.

[JeffBrad12]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps. I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.

What you said makes common sense, because I think too that the best place to earn profit or interest in this road to bull run is in an asset like Bitcoin, you hodl it and in one year's time you're getting a good ROI, after the bull run, then you can consider staking it on a reputable stablecoin. In the crypto space, it's mainly Bitcoin that I can leave my money in and feel very comfortable, if I however want to choose an exchange to stake usdt, I'll be more comfortable with Binance, because it's a reputable exchange.

its indeed better if we can just invest in bitcoin, but sometime there are just some good event that are offered by these exchange that make us interested in staking our stablecoin.
remember ENA launchpad back then was people staking their FUSD if im not mistaken and they are getting good return with big capital.
the launchpad also happened short term too so its definitely good enough to just stake in some of binance launchpool and hope for the best.
then once the profit is taken out we can come back to bitcoin again with our money and reinvest, that only if there is no sudden bitcoin rally around that period otherwise we might miss
the opportunity to reinvest in bitcoin, but so far I've seen many event where staking USDT does give good rewards.

[Jawhead999]

its indeed better if we can just invest in bitcoin, but sometime there are just some good event that are offered by these exchange that make us interested in staking our stablecoin.
remember ENA launchpad back then was people staking their FUSD if im not mistaken and they are getting good return with big capital.
the launchpad also happened short term too so its definitely good enough to just stake in some of binance launchpool and hope for the best.
then once the profit is taken out we can come back to bitcoin again with our money and reinvest, that only if there is no sudden bitcoin rally around that period otherwise we might miss
the opportunity to reinvest in bitcoin, but so far I've seen many event where staking USDT does give good rewards.

Yep, it's launchpool project and it's not only Binance offer that, other CEX like Kucoin, Bybit, HTX also have it.

If people think 8%-9% APY is already a good return, how about launchpool project that give you 1-3% per project? one project only ask to lock for 2-30 days, so imagine you only earn 1% per project and all of the projects ask to lock your funds for 30 days, it's already 12% APY which mean higher than 8%-9% APY.

[God bless u]

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

Look it's very bullish that you will stake your 1000$ for just about 0.7$ cents. Why? Go get some valuable skills  and take it as an initial investment to earn and run a handsome amount of income from a business model.

If you're more interested in trading than you should get a research about some good coins and invest in them according to proper signals and techniques. I'm damn sure that if you invest in some good projects you'll make a lot more profits than what you'll get on staking and holding.

[kentrolla]

I have not staked any USDT just by looking at the APY it's too low that you don't want to stake funds for such a small amount of interest which cannot even best inflation. Instead, I am doing DCA with Bitcoin which has given me a very decent return, is there any particular reason why people should stake USDT for the single digit interest? I didn't find one valid reason to do so.

[tygeade]

What you said makes common sense, because I think too that the best place to earn profit or interest in this road to bull run is in an asset like Bitcoin, you hodl it and in one year's time you're getting a good ROI, after the bull run, then you can consider staking it on a reputable stablecoin. In the crypto space, it's mainly Bitcoin that I can leave my money in and feel very comfortable, if I however want to choose an exchange to stake usdt, I'll be more comfortable with Binance, because it's a reputable exchange.

its indeed better if we can just invest in bitcoin, but sometime there are just some good event that are offered by these exchange that make us interested in staking our stablecoin.
remember ENA launchpad back then was people staking their FUSD if im not mistaken and they are getting good return with big capital.
the launchpad also happened short term too so its definitely good enough to just stake in some of binance launchpool and hope for the best.
then once the profit is taken out we can come back to bitcoin again with our money and reinvest, that only if there is no sudden bitcoin rally around that period otherwise we might miss
the opportunity to reinvest in bitcoin, but so far I've seen many event where staking USDT does give good rewards.

That's true, nobody really wants to hold USDT or any other stablecoin, if the entire purpose of going into crypto was just to hold stablecoins then we would have just stayed at fiat, at least fiat is backed by governments, whereas stablecoins are just owned by corporations, so we would stay away from that. However, there are moments when we believe that we should stay at stablecoins and hold it for a while, so that when the price goes down then we would end up buying bitcoin, that would of course make more sense.

However, we may need to end up holding it longer than we desire, which means that it is not going to be that much profitable for us to just straight up hold it, hence that's when all these interest gaining mindset arises. I think it makes sense, no matter how small it is, it is better than zero.

[Joseph-P]

Well asking this question cos I wanted to see how many of you do stake your USDT. I have seen my friends earning lots of interest from their USDT holdings. So I also wanted to stake some USDT to earn some interest since it's sitting on my wallet doing nothing. I checked a few cexs that offer USDT saving option or other options that offer interests.

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

Look it's very bullish that you will stake your 1000$ for just about 0.7$ cents. Why? Go get some valuable skills  and take it as an initial investment to earn and run a handsome amount of income from a business model.

If you're more interested in trading than you should get a research about some good coins and invest in them according to proper signals and techniques. I'm damn sure that if you invest in some good projects you'll make a lot more profits than what you'll get on staking and holding.

Well said, theres also the option of joining some events that pay higher for lesser amounts than that. The same bitget run a South Asian campaign for users who subscribe to their savings flexible products with around $200 USDT. The reward there much greater than $0.7 cents lol

[sunsilk]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps.

I think it has a dual purpose, having that preparedness when the dip comes and your USDT is ready to purchase those cheaper Bitcoins or any coin that you prefer to buy.

At the same time, it gives that interest rate for just doing nothing and depositing it to their earn product that gives the depositor flexibility and can withdraw any moment they wish to.

Have you heard of the savings blast on Bitget though? The criteria to participate is simple, you need to subscribe to any of the platform's earn product with an amount within the range of $100 or more.

The offer is available to 800 users and it is based on FCFS, you'd look this up.

Not yet but I know that most centralized exchanges have their own offers like that. As for that exchange, I think that the better gain is through their own token.

So if it's with that savings blast, is it requiring to have USDT or their token to deposit there? And if it's only available to 800 users, with a lot of users there, I doubt that there's still some slot.

[albon]

My advice to you is to avoid centralized exchanges because they are not safe. If they discover anything that violates their policies and rules, they may take strict measures against your account immediately. Do not let these useless annual stake profits make you make quick decisions.

For me, USDT has very important uses for freezing funds. I use it anytime to enhance the assets with more quantities and achieve suitable profits from trading and investing in altcoins and Bitcoin. However, if you are determined to use CEX platforms to participate with your USDT and obtain some profits from it, do not deposit large capital on any exchange. You must read their terms and policies of use, their procedures for dormant accounts, KYC procedures, their fee rate, the minimum withdrawal limit, the networks they support, and all other important details regarding staking. In this context, the APY doesn't matter first and foremost. For me, I consider Binance to be the first and most reliable exchange that has huge liquidity from the assets and a huge user base. However, I do not trust these centralized exchanges to store my funds on them and earn weak profits compared to the profits they charge from their customers.

[uneng]

So I was seeing that Binance offering 2.85% APR on their flexible staking product, which translates to roughly $0.0781 daily for a 1k USDT stake. But some other exchanges like Bitget and Bybit offer tiered flexible staking rates that can potentially yield higher returns. For example, Bitget offers rates ranging from 3.70% to 8.70% APR depending on the staked amount and with 1K staked, it's like 0.169$ daily, and Bybit offers a flat rate of 2.13% to 7.12% APR also depending on staked amount, so with 1K staked, it's like 0.126 USDT daily.

Now I want to know what's gonna be best. I know Binance has lower interest but i'm still torn between these. So I wanna know y'all thoughts.

There are risks involved on this kind of investment, because if something goes wrong, like the exchange going bankrupt, scamming customers or your government introducing strict regulations regards their services, you may end not seeing your money anymore. We have already seen this happening in 2022 with some big exchanges and lending platforms, so be careful where you let your money deposited. Like people say: not your keys, not your coins...

The best interest rate for USDT I've seen recently being promoted on the internet was through Nexo lending platform (up to 16% yearly). I'm sure there are lots of conditions in order to hit the promoted interest rate, but if you are looking for alternatives of higher returns over your funds, you should give a look on their website and make your own judgement regards it.

Personally I have nothing to complain about Nexo. I really enjoyed investing with them previously, but due to the situation I mentioned above of scams in crypto market I decided to cash out all my funds in 2022 yet, as a preventive measure.

[Mate2237]

If you want to stake on USDT you are free but still ask your friends when did they start the investment? Because USDT is a stable coin and it is not easy to make profit from it and even they do they might have stake it for a very long time. The movement of USDT is very slow and that is why people like to store or keep coins in USDT. Those who are in short term investment, and the once I have seen they are interested in USDT and when I asked them why they said bitcoin is too volatile in nature and they can withdraw their coins at anytime.

So you if you want t invest don't invest because your friends are staking in it and they are making profit from it. Make your personal research before investing in it. Take this good advice.

[jaberwock]

Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps. I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.

What you said makes common sense, because I think too that the best place to earn profit or interest in this road to bull run is in an asset like Bitcoin, you hodl it and in one year's time you're getting a good ROI, after the bull run, then you can consider staking it on a reputable stablecoin. In the crypto space, it's mainly Bitcoin that I can leave my money in and feel very comfortable, if I however want to choose an exchange to stake usdt, I'll be more comfortable with Binance, because it's a reputable exchange.

Make sense only, not makes common sense. Also, he didn't say yet that BTC is the best but he only need an explanation on why staking is better than BTC though in his second sentence, he just answered his question already on why BTC is better than it. This is because BTC is decentralized. BTC can also win in terms of profits as long as one can resist the doubts and temptation.

There is no exact time on when will BTC recover or rise. Sometimes the rise can be longer than 1 year and sometimes it can be shorter than that. If you don't have money to buy a stable coin for staking, indeed you will have to wait for a BTC bull run first.

[Zanab247]

I guess your friends are hiding some thing from you, by telling you that they are making a big profit from  USDT because many people here are use to USDT in the community but is not bring profits like the way ETH and BNB are bringing profits to their customers.

Maybe your friends are making all those profits from ETH,  but they what to keep the secret from you because the price of ETH hit $4k this season that made many customers to accumulate their wealth, well, you can try to invest in the USDT for you to know if your friends are deceiving you or not because ETH and BNB are among the altcoins you can make such profit from in the market.

I don't invest in USDT since i discovered that the profit is not big compare what am earning from BTC and ETH during the bull season, that make me not to count it among my projects again.