Risk of losing your BTC when you lend or stake your BTC, you're essentially giving up control of your coins. There's a risk that the platform could be hacked or go bankrupt, which could result in the loss of your funds.
For a beginner, it might be safer to focus on simply holding your BTC directly in a secure non-custodial wallet.
Topic: Earn 8% Annually Holding BTC - ? (Read 180 times)
It is not worth giving up custody of your Bitcoin for a measly 0.65%. If you invested $100k worth of Bitcoin you would only earn about $650 in a year. You could earn more than that from being in a signature campaign on Bitcointalk, without any risk. Most people are not whales who can afford to invest a large amount of BTC so I can’t imagine anybody wanting to use Blockchain.com’s reward program for such pitiful returns.
15% apy is amazing, but not out of risk.
Although Blackjack.fun is a consolidate casino operating since 2018, there is always a risk of hacks, legal problems or even financial problems.
Yeah, this offer is good for people who play in the casino, sometimes you could have funds you are not ready to gamble with yet, or maybe the network fee is high, then it is a good idea to stake your coins in the platform, until you are ready to move it out. But it may not be necessary or safe to move your coins out of your self custodial wallet into a casino, just for staking only, if it is to gamble, then that is fine, because there is always risk when you are not in control of the keys to your funds. Although Blackjack.fun is a consolidate casino operating since 2018, there is always a risk of hacks, legal problems or even financial problems.
Bitcoin's profitability since its inception is currently at 144% per annum. It will probably rise a little in a few months due to the bull market, but even if not, and taking into account that the profitability includes the first years, let's assume that the profitability of the Bitcoin you have now for the next 4 years will be half, 72% per annum. Losing your private keys and risking losing everything for an extra 0.65% is stupid, and even if it were 8% it would still be stupid.
The highest that I've seen holding BTC to a platform is 3% so if it reaches 5% then that still sounds fair and fine. But when they're talking up to 8% then that's quite high already unlike the altcoins and stablecoins, they've been offered up to 15% annually.
Did you read what nc50lc posted? It is just 4 posts away from the OP. Also this thread is just 7 posts long which is not too long not to read the post of some good posters. He made it clear that the rate is not 8% APR but 0.65% APR instead. That the 8% are passive income for altcoins.
The highest that I've seen holding BTC to a platform is 3% so if it reaches 5% then that still sounds fair and fine. But when they're talking up to 8% then that's quite high already unlike the altcoins and stablecoins, they've been offered up to 15% annually.
Did you read what nc50lc posted? It is just 4 posts away from the OP. Also this thread is just 7 posts long which is not too long not to read the post of some good posters. He made it clear that the rate is not 8% APR but 0.65% APR instead. That the 8% are passive income for altcoins.
The highest that I've seen holding BTC to a platform is 3% so if it reaches 5% then that still sounds fair and fine. But when they're talking up to 8% then that's quite high already unlike the altcoins and stablecoins, they've been offered up to 15% annually. Thus, the platform that you've mentioned blockchain.com is hard to trust nowadays. Yes, they've been in the business for a while and they've garnered a lot of users but if you're able to stay in this community for quite a while as well, you'll understand why. As explained by the others, the risk isn't worth it for your valuable Bitcoins even if you'll earn an interest from depositing it to their platform. Take note of the term, "deposit" because platforms are renaming it into "staking" even though they know that Bitcoin isn't a proof of stake token and they're turning the deposit interest profit into a staking profit. That's why it's better to hold it on your own than to deposit and entrust your rights to a platform that don't give you the private key to your own Bitcoin, of course, they're centralized.
You can get 15% APY but just lending your coins to blackjack.fun
15% apy is amazing, but not out of risk.
Although Blackjack.fun is a consolidate casino operating since 2018, there is always a risk of hacks, legal problems or even financial problems.[/size]
15% apy is amazing, but not out of risk.
Although Blackjack.fun is a consolidate casino operating since 2018, there is always a risk of hacks, legal problems or even financial problems.[/size]
Definitely a tempting offer, especially for those who have a lot of BTC to be able to profit significantly even after just one month. For those who don't have much, it is sometimes much better to store coins in a non-custodial wallet and profit from price changes.
Freebitco also has its own offer, only the interest is around 4.8% per year if I'm not mistaken. However, considering the recent events, I would not dare to make deposits there.
I'm new to cryptocurrency.
I received an email from Blockchain.com saying I can earn 8% annually by holding BTC.
This seems too good to be true.
Is anyone doing this?
What is your opinion?
https://postimg.cc/F17wHx6V
I received an email from Blockchain.com saying I can earn 8% annually by holding BTC.
This seems too good to be true.
Is anyone doing this?
What is your opinion?
https://postimg.cc/F17wHx6V
You can get 15% APY but just lending your coins to blackjack.fun
15% apy is amazing, but not out of risk.
Although Blackjack.fun is a consolidate casino operating since 2018, there is always a risk of hacks, legal problems or even financial problems.
I received an email from Blockchain.com saying I can earn 8% annually by holding BTC.
This seems too good to be true.
You should read their "Earn" FAQ page to understand that "clickbait" email.This seems too good to be true.
Here's a link to their earn page: https://www.blockchain.com/earn
Since you're asking about the passive reward for simply hodling BTC; your rate will only be 0.65% annually. (readjust per month)
The 8% in passive reward is for some Altcoins.
There is a maximum of 8% rate in BTC but that's for Active Rewards which requires you to do something to reach that highest rate.
The risk to me is much much bigger than the percentage of APR that you will get in return
It does not worth the risk at all.I do not know the reason why some people still prefer to stake on custodial exchanges to earn coins in return. Let us assume that you have $500 worth of bitcoin. 8% of it which is $40 profit annually.
Let us assume that you invested in bitcoin when the price is at $65000. If the price increased to $70000 your profit would be $38.46 which is almost the 8% annual yield. Just holding bitcoin is better.
That’s lending or called staking in other Altcoins. This exchanges or platforms lure investors into holding their tokens or coins on their platforms for specific period of time by offering them this kind of APR returns. The duration differs as some can range from 3 weeks, 3 months, 6 months or more. Yes the reward usually comes back but as said above the biggest flaw or fear is you leaving your coins under someone else’s custody. The risk to me is much much bigger than the percentage of APR that you will get in return
From the image you posted it's 'up to 8%'
0.000001% is between 0 and 8.
Remember if it's too good to be true it is not true.
Not your keys not your coins. Leaving your BTC there can lead to loss.
And
Look at all the lending platforms that have imploded over the years leaving people with nothing.
-Dave
0.000001% is between 0 and 8.
Remember if it's too good to be true it is not true.
Not your keys not your coins. Leaving your BTC there can lead to loss.
And
Look at all the lending platforms that have imploded over the years leaving people with nothing.
-Dave
I'm new to cryptocurrency.
I received an email from Blockchain.com saying I can earn 8% annually by holding BTC.
This seems too good to be true.
Is anyone doing this?
What is your opinion?
https://postimg.cc/F17wHx6V
I received an email from Blockchain.com saying I can earn 8% annually by holding BTC.
This seems too good to be true.
Is anyone doing this?
What is your opinion?
https://postimg.cc/F17wHx6V
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