Topic: Interest on Bitcoin - page 3. (Read 1054 times)

Exchanges that are running for long can be trusted that they would not steal your money - the problem is with the hacks and big reputed exchanges are often the hackers targets. The legal battle after that can be tiresome and frustrating and it is wise to avoid this altogether.

But the third party sites specializing on acting like a bank to give loans and take deposits, I would rather keep my coins in a wallet whose private keys are under my control.

The topic is for interest earned on staking bitcoin on sites that offer to do so. What you earned, congrats for that, is from speculative market trading. These two are different.

I earned a huge amount of interest few weeks ago when the price of bitcoin increase to $67 before the price started decrease to $60 few days ago in the market. It was not a small risk I took to observe the market price very well for me to be able to achieve my interest from the investment.

Interest making in Bitcoin has to do with the increase in the price of Bitcoin and once you hold Bitcoin as an asset it has stability much more than other assets and having the thought of ever losing in Bitcoin should not occur in your thoughts.

As far as I know, many people are interested in bitcoin because of it's good value. They have interest in bitcoin because it's so known all over the world. Yes, it might be risky but if you have the plan on what to do then you don't need to worry more on it's high risk. From my perspective, One way to earn interest in bitcoin is by buying more bitcoins. Once you get your first stash, you'll want to get more and increase your total holdings so that you will get an interest when you purchase something.

6% interest is a small price for me to risk my BTC on any platform. There's a lot of scams out here in the crypto space, handing anybody your seed phrase isn't the best idea in my opinion for just a 6% reward. I can only risk my asset if the reward was bigger (50% - 70%), but we'll know only a scammer would make such offers.

There are other safer ways one can earn more BTC than that. You can buy BTC when the market is down and sell when everywhere is green. It's more safe and profitable than risking your assets with a platform that may turn out a scam.

Do you mean staking?

For the safety of your funds, don't let others hold/know your keys. Some people use third parties like putting their Bitcoin on them and letting them manage to grow their investment and receive some percentage in returns. We actually get some benefits but what if the site gets compromised, you'll not be sure as well if you can get back your Bitcoin. That will be the risk and it is really risky.

You punch those 12 words in to a metal plate and carry it around you neck.

Honestly speaking, I didn't hear about bitcoin interest and its percentage either. first time I've known after seeing your post. But frankly speaking, I didn't find much potential in this 6% of interest where I might get 9-10% yearly from holding it in the bank too. But for me holding in another wallet to get 6%, I would be friendly with my wallet to hold it. And I believe if I am able to hold bitcoin for 4-5 years, I can get even more profit, excluding the 6% interest. And what about the bitcoin seed, also known as the private key?Yes, I owe my own. Whoever is going to share it with others, Will you? By the way, thanks to this post, I got information about bitcoin interest. 

Nexo is good. 5-12%.Their native token just pumped on a cease and desist order from yankie land.

What do we care. Having the regulation running on fines and donations.

You delete this and go I back to youtube and watch that smack macron video?

for a high level of risk, I actually think this is one of the steps that must be taken when on this path because it is not only in crypto, actually everything has risks.
and I suggest that you don't think too much about bitcoin is a scam or not because this will indeed be a boomerang for yourself.
and when talking about your key in bitcoin it is a safe thing as long as you don't tell anyone and for sure you have to do this so you avoid losing your money due to a scam or hack.

the safest is to manage our own funds without using other platforms that promise to incentivize a few percent of the bitcoin assets owned. Many such platforms trick their users into releasing their bitcoins and then not having full control over their bitcoin assets. the safest thing is to manage it yourself, make trades and others so that we have control over the assets we have.

This is a true statement that fully provides the best place to get flowers. because the most important thing is security and there is no risk than having to hand over the private key and full of risks like the link above

It is high trending in Bitcoin because it is very hot in Crypto Industry.

That is because bitcoin will rise higher than altcoin and not worry him if he buys only bitcoin. Besides that, when the altcoin is down because following bitcoin price, the down can be a deep down and the risk for losing the value of the coin will be bigger and he can wait for a long time before the altcoin price increase back. But if he buys only bitcoin, the price can rise back to the last high price and sell it whenever he wants. He can wait for a while to buy bitcoin as the price now is increasing.

with prices that have continued to rise, of course the risk taken will probably be greater and it is not impossible that what you say may happen so that fraud cannot be avoided. Totally agree that do not trust any platform that gives high interest to bitcoin, the risk must also always be considered because now there are so many who take actions that may actually be detrimental.

Bitcoin is currently the target of many people to provide incentives that might be tempting for us to want to keep whatever it is called, which aims to get us to release our bitcoins to them. I totally agree, don't even believe in any form given for you to want to release your bitcoins.

I think to earn interest for bitcoin will depend on how much bitcoin we save in the wallet. I think we can select which wallet supports the interest of the bitcoin and use the wallet to store the bitcoin. Nexo can be a good choice for you but you can try with Atomic or Cro wallet. Maybe you can compare all of the wallets to find which wallet can give you more profit.

Even if anyone wants to earn interest with Bitcoin there is no platform that can be trusted giving away interest like that and i will not take any chances nor does anyone to hold their coins in exchanges if they are not planning to trade. There are exchanges that give you interest for holding the coins but i will not trust them either. When it comes to random messages posting returns, hell no way, block and move on .

Bitcoin is now safe zone for invest.Someone speaks that it is risk zone but I will tell Every investment has a certain level of risk but Bitcoin is more profitable than others coin.If you want to earn form here then you must be acquire knowledge about Bitcoin .

At the moment I am not earning any interest on my bitcoins. Bitcoins had such a strong year in 2021, in my opinion there is no real need for interest on our coins. When making returns of 100% in a few months than we should be already happy with it. Crypto lending can offer us some good returns during our HODL periods, but we need to be aware that there are risks involved. 4 to 6% interest sounds nice at first, but when losing everything its devastating. It's another layer of risk we need to be comfortable with or not. Personally I am not looking for interest by lending out coins.
Another form of interest I had in the past was gambling. Before the recent bitcoin rally I used to gamble and play poker with my bitcoins. So every time I won money I withdraw using crypto currencies, and every time I lost money I covered the losses with fiat money. This was probably more a way of switching fiat into bitcoins but it offered some easy way to boost my crypto portfolio.



Unfortunately yes, there is always a problem with the security of wallets when we rely on mobile or online wallets instead of hardware wallets. While this might be not a big issue in the past when we used online walkers for a few hundred USD. But now with the rising bitcoin price the pressure towards security is rising too. For hackers it becomes much more profitable just to steal a few BTC. And with bitcoins likely to rise even higher this will intensify.

As it was expected that Bitcoin will increase its price in no time frame and even without any support from the government.
Like if we invest now, we might be able to get 10-20% in a few years and much more if the bullish has come. I think we are compensated enough for such a return.
But, due to the price fluctuation, the percentage we get will also vary depending on the situation. However, we can manage to wait for the ATH and perfectly have sold it, that much more likely it has or we can make a triple or even more. The more you invest, the more you get profit, that seems the principle.