How much interest do you earn from your USDT?

[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.

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[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.