Topic: Earning Interest with Bitcoin? - page 7. (Read 1487 times)
Possible you want to lending your bitcoin and earn several percent like 2% or 5% every month depend which one lending you want to join, you can looking with many exchange market have lending altcoin like in kucoin you can use KCS coin for earning with landing coin, you have minimum coin KCS for lending and hold about one month, you get earning after full lending in one month.
This might be a good business, however, this is risky since crypto is decentralized it is difficult to secure the amount of bitcoin you are going to loan. I've heard from some of my friends that this is possible through some exchange, might be for them to lend to some traders.
There are no banks in cryptocurrency including bitcoin. But what you said about binance is correct when you lend some of your cryptocurrency they will earn some interest. Binance is not the only I know that is doing that I have heard yobit is also doing that they have this investbox wherein you placed your amount of coins with corresponding interest daily, weekly or monthly. If you are not so sure about doing some trade then try lending your coins and tokens for a profit, though they will give you small profit but as long as you as earning then its a win.
There is still no crypto bank where you could put your coins for savings and get some interests.
So only solution is to lend coins to someone. There are some people who are lenders and make quite good profit from that but still it's a risky business and interests are not that big.
So only solution is to lend coins to someone. There are some people who are lenders and make quite good profit from that but still it's a risky business and interests are not that big.
Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%?
Why not put this what Binance is offering?so there would be a pattern and basis on how it works,actually I have no idea bout this because I a must a man with no lending history and I hate it,I rather starve this day than borrowing I heard binance is doing something similar like that but it was like 10%?
But if there’s this kind of possibility then we should start learning because we don’t know future,time will come that we need some back up and having this offering can help us out
Cryptocurrency also same with Fiat. That is still currency!
So if you want take interest, you need find borrower to get it. Maybe that is hard because it is digital. But you can try other way, for example in Yobit you can also use investbox, there is option to invest and get some interest.
Maybe trade it and gamble it also other way, there is always risk chance if you want growing your bitcoin.
So if you want take interest, you need find borrower to get it. Maybe that is hard because it is digital. But you can try other way, for example in Yobit you can also use investbox, there is option to invest and get some interest.
Maybe trade it and gamble it also other way, there is always risk chance if you want growing your bitcoin.
There's no direct way to earn interest on bitcoin as we do with cash.
Few DeFi platforms have emerged that aim to provide interest on your crypto coins (mostly eth, tokens, or other cryptos). Some examples are Nexo, Celcius, Nuo, etc.
Another way used to be to deposit your coins into the bankroll of gambling sites and they would share a little percentage of profits with you.
Lastly, you can lend out to people in need the traditional way, by taking some collateral 9forum has a Lending section).
Make sure you research well, before jumping onto investing in any way.
Few DeFi platforms have emerged that aim to provide interest on your crypto coins (mostly eth, tokens, or other cryptos). Some examples are Nexo, Celcius, Nuo, etc.
Another way used to be to deposit your coins into the bankroll of gambling sites and they would share a little percentage of profits with you.
Lastly, you can lend out to people in need the traditional way, by taking some collateral 9forum has a Lending section).
Make sure you research well, before jumping onto investing in any way.
Yes and even gambling sites does that.
You can click my signature if you want to go deeper.
We at Yolodice also does have an investment option. It aint just gambling anymore but you could make something by just leaving your money in their account.
Somehow it is like other investment out there, name it, mutual funds or bonds.
There are also some who does it but I dont really know how much percentage they will give you afterwards.
Try looking for a legitimate one. Be really careful.
You can click my signature if you want to go deeper.
We at Yolodice also does have an investment option. It aint just gambling anymore but you could make something by just leaving your money in their account.
Somehow it is like other investment out there, name it, mutual funds or bonds.
There are also some who does it but I dont really know how much percentage they will give you afterwards.
Try looking for a legitimate one. Be really careful.
if it is true that binace gave us a 10% loan interest, it is difficult for us to consider because we know that the cryptocurrency system is not the same as the banking system, and if they offer a lot of interest of course we are tempted by the offer but if they don't want to pay interest on our loans , of course we cannot do anything, what if, for example, at a bank, we can certainly report our problems directly to the banking manager.
Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%?
I heard binance is doing something similar like that but it was like 10%?
I recently heard that banks in Japan are offering negative interest rates on deposits. When something like that is happening with fiat currency (which is not protected against inflation), how can we expect Bitcoin deposits to give positive interest (given the fact that Bitcoin is protected against inflation and its purchasing power increases every year due to the growth in the userbase)?
In order to receive an interest on Bitcoin, I guess you need to take a certain amount of risk. An example for this is giving out a loan to someone without any collateral. Now there is a huge risk involved here, as chances of default is present. But if you ask me, I would never go for something like this. I would hold my coins happily in my wallet and I am only concerned with storing my stash safely and securely rather than trying to grow my holdings.
4+ percent ? sounds high to me but it is really high ? i have tried this before on and off but i dont feel that im earning enough so i decided to withdrew my funds again and prefer to put the coins on my btc wallet .
It's still lower if you compare it with Compound or Synthetix interest. It's even smaller than some monetary fund in the traditional market, so it's worth to try. But if they started giving 15% APR, then you need to be more careful.
One site that wasn't mentioned is Freebitco.in which offers a 4.08% APR, which isn't bad depending on your risk assessment. They use the balance for mining operations and bankrolling their dice game, and there's no lock in period. Interest is paid daily.
4+ percent ? sounds high to me but it is really high ? i have tried this before on and off but i dont feel that im earning enough so i decided to withdrew my funds again and prefer to put the coins on my btc wallet . i can still earn interest hodling on my wallet alone and the interest is much more and can also grow more depending on the price of btc .
One site that wasn't mentioned is Freebitco.in which offers a 4.08% APR, which isn't bad depending on your risk assessment. They use the balance for mining operations and bankrolling their dice game, and there's no lock in period. Interest is paid daily.
Yeah, you can earn profit by lending your Bitcoin to the other platform, There are some good website based platform who is doing this type of lending process but it contains so much risk for me, Supposes you made an agreement with these company and lend them to your Bitcoin and they also provide a lot of documentation for our lending process, if this platform will not work as their assessment then they must be failed to recover your investment and it'll be certain that you are going to lose your worthy Bitcoin, Though I didn't take any step regarding this issue, I like holding Bitcoin in my wallet, I don't like lending or gambling with my Bitcoin. I think safety must be the first priority for me.
Use these sites for more info -
* Crypto.com
* nexo.io
Use these sites for more info -
* Crypto.com
* nexo.io
Yes, but it seems very difficult to join the same program at binance. As for other platforms, I don't trust it, and I think it's insecure, we need to be careful with invitations to invest.
Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%?
I heard binance is doing something similar like that but it was like 10%?
Lending has been possible for a while now in different exchanges. By joining their lending services, you essentially freeze your crypto on a specified time for you to earn interest.
In Binance, they are offering 3% interest on BTC, not 10%. They are only giving 10% interest on BNB, USDT, and others altcoins.
Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%?
It's pretty scary ngl. With how crypto is made with anonymous transactions just adds another step to that. The idea is good and people would most likely go for it. After all, it is free profit. There's also the volatility of the market which makes profit unstable at times. Of course, if contracts and the such were made, things would be a lot easier but we're using crypto so I don't think that would likely happen. I heard binance is doing something similar like that but it was like 10%?
Hopefully this industry will be able to find ways to make things like this be possible. Let's wait for more updates to comply for more secureness of potential business to be created,.
Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest? I heard binance is doing something similar like that but it was like 10%?
Yes, there are now some good lending programs operating online where you can 1) borrow money but you have to deposit some cryptocurrency to do so (your collateral) where the advantage is that you are not spending your digital assets but can use convert a fraction of them to cash and use for whatever you want; and 2) you can also lend your cryptocurrencies to the platform and earn a good rate of interest (compared to banks).
Just Google "lending cryptocurrency" and you will be given a lot of choices and information on this type of crypto-related business. This is part of the Decentralized Finance (DeFi) movement whereby platforms are introducing many bank-like products/services. There is a big potential for this business type to be exploding in the coming years and can be one of the many ways that people can adopt cryptocurrency.
Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%?
I heard binance is doing something similar like that but it was like 10%?
Yes its possible. There are some web sites for bitcoin lending, also in this very forum, and some exchanges like Poloniex and Bitfinex, but only if you are not American. The percentage varies constantly, this is money you lend for margin traders to use. Their system is "supposed" to force close them in time for you to always recover your money back with the interest, but the lending usually lasts like 2 days, it requires a lot of manual work or the use of a bot (Free open source exists).
Since its changing all the time, sometimes its poor like 2%, sometimes is high like 10%, its not constant, but you'd get an average. Remember, funds in an exchange could disappear overnight, as always with any online wallet, you never know; so don't think this is just "free" money, you are risking it.
Also some gambling sites do the same, they let you invest in their bankroll, but their yearly percentage tends to be lower, and it takes more time to see the benefits (as in months, where you can't move your funds).
Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?
I heard binance is doing something similar like that but it was like 10%?
I don't think Binance or any other firms functioning with legitimacy will give such a huge interest upon the investment. Most of the time big interests were a way to attract the common people who are new to the cryptocurrency network. Most of the users when entering have a thinking cryptocurrency investment will make us rich. This is achievable, when everything is done on the right manner understanding and learning the market. Simply getting in will make the user get into the hands of scammers who attract with large returns on the investment and runs away.I heard binance is doing something similar like that but it was like 10%?
If coinbase did that though, I reckon we'd need to send them every piece of ID before we'd be able to invest there 
Tons of people are already signed up to the hilt there. The only way they can get any type of return though is by lending to nutters. It's says enough that no long established operation is doing it other than through their trading platforms and Circle have already fucked enough people with their Clams balls up.
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