blockchain.com EARN commission 7 % | Bitcointalksearch.org

Saint-loup

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Quote from: Potato Chips on November 20, 2023, 01:42:18 PM

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.

Potato Chips

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Quote from: Saint-loup on November 18, 2023, 04:54:54 PM

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

Essential10

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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.

synchronym

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

shield132

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

GreatArkansas

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Quote from: Bananington on November 19, 2023, 02:27:03 PM

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.

Bananington

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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.

sokani

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

Huppercase

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

Saint-loup

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Quote from: Potato Chips on November 13, 2023, 06:19:57 PM

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.

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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.

Potato Chips

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Quote from: Saint-loup on November 11, 2023, 04:12:14 PM

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.

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Quote from: SquirrelJulietGarden on November 07, 2023, 08:36:58 PM

Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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. 👼

boyptc

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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?

goaldigger

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Quote from: _act_ on November 05, 2023, 02:11:31 PM

Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

Saint-loup

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Quote from: Potato Chips on November 10, 2023, 05:45:28 AM

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.

Potato Chips

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yesssir! 🫡

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

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Quote from: SquirrelJulietGarden on November 07, 2023, 08:36:58 PM

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.

FinneysTrueVision

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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.

SquirrelJulietGarden

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

joniboini

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Quote from: zigger33 on November 06, 2023, 02:26:22 AM

i wont a stable investment for my money 7 % APY is good for me as long as the exchange is thrustworthy ... banks in my country give 3,5 % on EUR

You should know by now that trustworthy means nothing in terms of crypto interest/saving plan. Things like FTX or Celcius bankruptcy should tell you how risky this market is, especially with such a "high" interest rate. There is a reason why banks usually give a low interest, they don't want to expose themselves to unnecessary risk. CMIIW.

If your goal is to grow your money, I'd just suggest you to DCA and collect sats regularly. It is arguably safer with a modest profitability, you are still in control of your money. Even if you failed to exit at the right time, chance are you'll still make a decent profit as long as you have some patience.

Cryptomultiplier

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I think Blockchain has more to gain other than the 7% commission promised. Blockchain is a host to many crypto currency and I see why they still hunger for morefunds when the Hedera Hatchgraph is a system that functions like it and maybe able to take over the functionality if Blockchain should they slack one bit.

Having such promised reward may not do much in campaigns for them as the price and exchange rates of most crypto currency especially BTC is yet to fall

Aanuoluwatofunmi

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Quote from: _act_ on November 05, 2023, 02:11:31 PM

Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

Well said, lack of information is a great mistake that cannot be avoided, how will you insure your bitcoin with a centralized institution that promise to offer you what you can earn more than that in less than a year, they are the wiser ones here because they will use your own money invested with them to make business, trades and hodl in bitcoin as well, then offer you USDT of seven percent when they are realizing more than double of your investment, ignorance is a disease.

jaberwock

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Quote from: terrific on November 05, 2023, 06:51:37 PM

Based on https://www.blockchain.com/en/earn Bitcoin is 8% for "active rewards" while for its "passive rewards" is 0.65% and then USDT and USDC is 7%.
The difference of active and passive reward is also indicated on that link. But I won't try to get on it, they will hold your asset and you get those rewards but you don't hold your private key.

You already wrote the difference of passive from active there but maybe more information can be found on that link or on what type of activity we will do in order for us to get qualified for the respective rewards. If I'm going to try this, I will only do the active one's. Why? It is obvious that it gives higher rewards and then I can move my assets including my capital out of the website immediately if I choose to. That way I can lessen the risk of whatever can happen to me or to the website.

Passive rewards on the other hand is much lower, yet maybe we are required to deposit a hefty amount. We all know how it works right? That's it, we need to idle our capital on them for a longer time. So the risk is also much bigger here.

mk4

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7% for a stablecoin might be really attractive because most banks provide much lower, but you should also take into consideration custody risk — you know, from hacks. But personally, it's an easy NO for me. I'd much rather hold bitcoin through self-custody, even if it's much riskier(volatility-wise).

https://chainsec.io/exchange-hacks

kingvirtus09

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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 ?

If I put Bitcoin not there on blockchain.com, if I invest my Bitcoin that I have, I would rather hold it in my hardware wallet or in an e-wallet, and at least in this case, I am sure that I will benefit from holding Bitcoin.

Although the APK offer percentage they give is good, Maybe there are other holders putting Bitcoin there in the blockchain.com apps; I just don't know when they started giving their 7% APY to Bitcoin holders. You know that on a non-decentralized platform like Bitcoin, that is quite dangerous.

Yamane_Keto

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Quote from: zigger33 on November 06, 2023, 02:26:22 AM

the EARN link is here : https://www.blockchain.com/en/earn

if you invest into bitcoin potencialy there are more risks then investing into USDT you have potencial that it goes down for USDT its a stablecoin... i wont a stable investment for my money 7 % APY is good for me as long as the exchange is thrustworthy ... banks in my country give 3,5 % on EUR

Blockchain.com has some issues with their wallet so don't expect a smooth and perfect experience where you deposit BTC/USDT and get your percentage without issues.
They take your money and invest it in high-risk investments. They make profits and give you your percentage of it. If they do not make profits, they will take other clients’ money or suddenly disappear with your money. Therefore, although they are a reliable company, anything is possible as long as NOT YOUR KEYS NOT YOUR COINS.

It is true that banks give you a lower percentage, but they guarantee you that percentage, and if you want to take a risk, invest in Bitcoin for a maximum of 24 months.

Woodie

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Being in the crypto industry for some time, whenever you see commission rates above 4-5% then automatically you know these rates are for Altcoins , but considering these rates are for a reputable coin and among the most sort afterq alts this is actually a good deal not to miss especially that these guys have an above average reputation.

If you have funds lying around or being kept in a bank not gaining interest this is not a bad idea to consider for some extra $$$ on autopilot.

zigger33

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the EARN link is here : https://www.blockchain.com/en/earn

if you invest into bitcoin potencialy there are more risks then investing into USDT you have potencial that it goes down for USDT its a stablecoin... i wont a stable investment for my money 7 % APY is good for me as long as the exchange is thrustworthy ... banks in my country give 3,5 % on EUR

terrific

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Based on https://www.blockchain.com/en/earn Bitcoin is 8% for "active rewards" while for its "passive rewards" is 0.65% and then USDT and USDC is 7%.
The difference of active and passive reward is also indicated on that link. But I won't try to get on it, they will hold your asset and you get those rewards but you don't hold your private key.

Ben Barubal

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Long-term investors will turn down this offer because the bank doesn't give an APY% like this. These are the varieties, and you have, I take it, added at least one bitcoin to their platform? Thus, in my opinion, these kinds of deals will only benefit whale investors and others like me who cannot afford to purchase a single bitcoin; they won't work for me.

Individuals who are not wealthy, like me, only invest in cryptocurrencies that have the potential to yield enormous returns on a little initial investment in the best cryptocurrencies available.

JeromeTash

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I have never found any benefit of earning 7% commission if I can just buy my Bitcoin, keep it in a cold wallet and wait for a price rise which we all know can be way more than 75
For example, anybody who bought Bitcoin at the beginning of this year is already upwards of a 100% increase in the value of their funds.

Blockchaion.com may have been in the game for years but earning only 7% is not worth the risk.

_act_

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Lightning network is good with small amount of BTC

Quote from: Saint-loup on November 05, 2023, 02:36:28 PM

That's a very interesting news bro, thank you for sharing it here Cheesy

. But may I ask you how do you know that please? To go higher Bitcoin needs more buyers. So why people would wait 2024 or 2025 to buy it a higher price, rather than buying now at a lower one. People know how Bitcoin is volatile, so IMO they will stay more cautions than in the past and they won't buy it at a price near its previous ATH so I don't think BTC could print a new ATH in the coming years. We need more adoption for that.

I am not saying anyone should wait till 2024 or 2025 before they should buy bitcoin. zigger33 asked a question to hold 7% USDT good or not. I advised him not to go for it but to buy bitcoin which will give better return if he can wait and let the price to increase, that the return he will see from holding bitcoin will be far higher than the return he will see from the 7% USDT.

BabyBandit

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You mean 7% APY like staking? I think staking is good if you choose the right asset for example Solana (SOL). I am positive Solana is a very good investment as BTC and I gladly Stake it so I "cant" use it.

I find this link on Google for people to read: https://www.blockchain.com/en/earn
I saw they added BTC to new ways to earn money.

- Regards BabyB. 👼

Saint-loup

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Quote from: _act_ on November 05, 2023, 02:11:31 PM

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.

That's a very interesting news bro, thank you for sharing it here Cheesy

. But may I ask you how do you know that please? To go higher Bitcoin needs more buyers. So why people would wait 2024 or 2025 to buy it a higher price, rather than buying now at a lower one. People know how Bitcoin is volatile, so IMO they will stay more cautions than in the past and they won't buy it at a price near its previous ATH so I don't think BTC could print a new ATH in the coming years. We need more adoption for that.

_act_

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Lightning network is good with small amount of BTC

Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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.

Saint-loup

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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 would like to know on which crypto they are offering this ROI yield but it's certainly not on Bitcoin or any other big cryptos. In addition Blockchain.com changes its APRs evry month, so maybe in one or two months, the ROI for this crypto will be lower than that. And if it's for stable coins like Stompix thinks it is, there are DeFi or GameFi investments more interesting than that (2x times higher at least).

stompix

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Quote from: zigger33 on November 05, 2023, 01:28:34 PM

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 ?

First it UP TO 7% and that's for USDT, for BTC the rates are at 0.65%.

It's pretty simple, someone thinks the price of BTC will go up, he stores his Bitcoin on their service using it as collateral to get USDT and invests all that in more BTC, thinking the 7% interest he will pay is peanuts if BTC doubles in one year.
Theoretically, the scheme is bulletproof as long is everyone plays by the book and all funds have collateral.

If they start leading you on without this collateral, then it's Celsius allover!

zigger33

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Merit: 0

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 ?

Topic: blockchain.com EARN commission 7 % (Read 365 times)