Topic: IS it possible to let your BTC work for you ? - page 2. (Read 1115 times)
Considering your requirements, it would be a hassle to find the right service provider. But even so, I believe there are such services out there that offer this. You just have to look properly. I remember having the same concern back then and luckily found sovryn which worked well for me and when I had good enough returns, I pulled it out. Too bad though I missed the pump on sovryn since I pulled out a little early and sold the earned sov. But at least I managed to earn some btc and eth from their rewards and was still in profit with the free sovryn alone considering how much ut dumoed just a few months within this year. So just try hard to look around there are probably better choices today than there were in the oast years.
I used Lending BTC on the Poloniex exchange in 2017-2018. But now I'm moving to Binance by saving or earning BTC at a flexible rate of 5% (today), this rate will also change every day but usually the rate given is stable at that number. Unfortunately to do that we need to complete KYC. I once did a double Bitcoin on a site that didn't require KYC but ended up being a scam/ponzi.
Yes, many exchanges offer the same thing now! One of the places I know (without KYC) is Freebitco.in:
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
Simply yes, this can be achieve in two ways:
1. Safeguard your private keys and the seed phrase to your wallet, this guarantees that the coins are your as you have the access to it alone, you can decide to trade or invest with your coins, hodl it for a while and yet still make profit as long as the market has make a shift in price between your purchase date to the selling date unlike the banks which will rather deduct from your savings as charges instead of increasing it, lastly, never make use of a centralized exchange and that solve the KYC challenge.
Well, I agree that it's risky when we hold our coins on some platforms, but I think we can trust some of them! Of course, never with all our money, but with some part it's good to try some of the features around, I simply don't see the reason why not to do that!
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
Simply yes, this can be achieve in two ways:
1. Safeguard your private keys and the seed phrase to your wallet, this guarantees that the coins are your as you have the access to it alone, you can decide to trade or invest with your coins, hodl it for a while and yet still make profit as long as the market has make a shift in price between your purchase date to the selling date unlike the banks which will rather deduct from your savings as charges instead of increasing it, lastly, never make use of a centralized exchange and that solve the KYC challenge.
My philosophy is when you convert fiat to Bitcoin its already started to work for you. Look it as a long term way to protect your money and just HODL.
I used Lending BTC on the Poloniex exchange in 2017-2018. But now I'm moving to Binance by saving or earning BTC at a flexible rate of 5% (today), this rate will also change every day but usually the rate given is stable at that number. Unfortunately to do that we need to complete KYC. I once did a double Bitcoin on a site that didn't require KYC but ended up being a scam/ponzi.
Quote
Any earning outside proof of work in bitcoin is Ponzi
Capital can be employed with companies without it being a fraud. A company will naturally require some liquidity to its cashflow in order to operate, facilitating that is valid investment and should give returns depending on the profitability of the company. None of that is new, the only difference is that the medium of currency is decentralized crypto with BTC but its still the same idea.You must trust the company as valid if lending, thats true but some companies are valid and profitable while also requiring capital to operate. Some would argue everything should be decentralized, that requires specialization to take place not easy.
It is not possible as far as I know. Unless you stake it to their wallet or use an agent to manage your btc and earn from them. If there are people trying to reach and tell you it is possible at the they will be getting your ok I am very sure of that. Also I am letting you know that even do you don't do stupid things and just hold on you will see your BTC's value increase as years go by, just sit and add more and enjoy. That is all you ever have to do, wait, I guess it is working on it's own for you to get you desired profits, and not from people you don't know telling you to give them you credentials.
Better for holding. I'm holding my own asset in my own wallet. Holding coin or asset depends on your goals.How much you want benefit. Now bitcoin price little dip so don't miss that opportunity to buy BTC and hold long term,i hope you will get good benefit from it.
This is the best time to hold Bitcoin, this is time the answer of this thread will appear because holdy Bitcoin is like someone who is banking money for a purpose, a good investor and a beginner in cryptocurrency have to buy bitcoin and hold until we enter next year because bitcoin normally appreciate.You’d see some people who are still new to the market, once they invest they will start why marketing is not going up and when it would go up, which is quite funny. Majority of them are expecting it to happen quick, that isn’t how the market works, but they never get to hear, they will still repeat the same mistake a lot of times.
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
Bitcoin will work for you if you stake it and earn reward, but this idea is really risky because you need to send your BTC to staking platform, it means BTC from your personal wallet to Thier wallet so you need to look for legit platform to avoid scammer. This is really a risky idea because BTC is not in your hands anymore. I prefer on holding than doing such staking.I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
Indeed, right, there are passive ways to earn profits just by staking your Bitcoin.
You need to find legit exchange or your trusted site to stake your asset, but you need to consider that the risk is high
while the possible profits are not that big.
It's better to learn how to invest and trade, playing with your money, that you are the one who really working on it and
not the staking platform, deeper understanding and willingness to learn more. It's up to your good judgement to earn success.
This is the best time to hold Bitcoin, this is time the answer of this thread will appear because holdy Bitcoin is like someone who is banking money for a purpose, a good investor and a beginner in cryptocurrency have to buy bitcoin and hold until we enter next year because bitcoin normally appreciate.
This is also the best time to buy bitcoin.Although it has fact that it normally appreciates but there's no assurance to tell that it can happen by next year. Bitcoin is still volatile, we know that it will increase sometime.
But we can't tell when it will happen.
The news have been all over the world about Ukraine and Russia and that made the market a bit of dip which is really a good indication to start buying.
These days might be one of the testing times for this year.
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
Bitcoin will work for you if you stake it and earn reward, but this idea is really risky because you need to send your BTC to staking platform, it means BTC from your personal wallet to Thier wallet so you need to look for legit platform to avoid scammer. This is really a risky idea because BTC is not in your hands anymore. I prefer on holding than doing such staking. I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?
A privacy concerned BTC fan.
This is the best time to hold Bitcoin, this is time the answer of this thread will appear because holdy Bitcoin is like someone who is banking money for a purpose, a good investor and a beginner in cryptocurrency have to buy bitcoin and hold until we enter next year because bitcoin normally appreciate.
This is also the best time to buy bitcoin.Although it has fact that it normally appreciates but there's no assurance to tell that it can happen by next year. Bitcoin is still volatile, we know that it will increase sometime.
But we can't tell when it will happen.
This is the best time to hold Bitcoin, this is time the answer of this thread will appear because holdy Bitcoin is like someone who is banking money for a purpose, a good investor and a beginner in cryptocurrency have to buy bitcoin and hold until we enter next year because bitcoin normally appreciate.
This is also the best time to buy bitcoin.Although it has fact that it normally appreciates but there's no assurance to tell that it can happen by next year. Bitcoin is still volatile, we know that it will increase sometime.
But we can't tell when it will happen.
Wait, when something is working for you, it simply means that you’re earning from it without having to do anything right? Originally, Bitcoin is already working for you, and you don’t need to share your private keys or KYC with anyone at all before you can start earning from it.
BTC is an investment, and when you are holding BTC in your wallet, the value doesn’t stay the same through out, everyday the price is either going to increase or decrease, and when it’s increasing you’re making profit from it. So it’s already working for you.
You can make use of any noncustodial wallet, like Exodus, Mycelium and Coinomi, where you are the one holding your private keys and fully in charge of your wallet. Try to avoid wallets like Coinbase, where you only give permission for transactions but not the one holding your private keys.
Duh, doesn't every asset work that way? Stocks, Gold, and so on, they all lose or gain in value, just because you own/hold Bitcoin or any asset, it doesn't mean that it's working for you, that's not a passive income, like the thread is suggesting.BTC is an investment, and when you are holding BTC in your wallet, the value doesn’t stay the same through out, everyday the price is either going to increase or decrease, and when it’s increasing you’re making profit from it. So it’s already working for you.
You can make use of any noncustodial wallet, like Exodus, Mycelium and Coinomi, where you are the one holding your private keys and fully in charge of your wallet. Try to avoid wallets like Coinbase, where you only give permission for transactions but not the one holding your private keys.
Was it also working back in 2017, when it crashed, and needed 3 years for it to recover? At the same time, people have also lost money due to buying a few months ago, and now it has plummeted. Call it an investment at best, not passive income.
Wait, when something is working for you, it simply means that you’re earning from it without having to do anything right? Originally, Bitcoin is already working for you, and you don’t need to share your private keys or KYC with anyone at all before you can start earning from it.
BTC is an investment, and when you are holding BTC in your wallet, the value doesn’t stay the same through out, everyday the price is either going to increase or decrease, and when it’s increasing you’re making profit from it. So it’s already working for you.
You can make use of any noncustodial wallet, like Exodus, Mycelium and Coinomi, where you are the one holding your private keys and fully in charge of your wallet. Try to avoid wallets like Coinbase, where you only give permission for transactions but not the one holding your private keys.
BTC is an investment, and when you are holding BTC in your wallet, the value doesn’t stay the same through out, everyday the price is either going to increase or decrease, and when it’s increasing you’re making profit from it. So it’s already working for you.
You can make use of any noncustodial wallet, like Exodus, Mycelium and Coinomi, where you are the one holding your private keys and fully in charge of your wallet. Try to avoid wallets like Coinbase, where you only give permission for transactions but not the one holding your private keys.
BTC represents capital, because its not a fractional reserve system or a central banking ledger it is worth something for you to lend your capital to companies. Most obvious example is a casino for their bank roll against winners while longer term making a profit. That would almost always require you to trust that company to keep your capital available.
There are some casinos that are worth to invest into their bankroll but you really need to pack yourself with patience.Can also lend it to exchanges but I don't think that I'll be doing that if I want to have some profits from my bitcoin. I just find it not worth it at all when I'm putting my funds into risk that could change my life forever.
It will still result to idea of holding is still the best.
https://bustadice.com/invest
https://www.bustabit.com/bankroll/change-bankroll
When it comes to gambling site house investment then i do see it is much worth rather than on parking out yourself
on staking.Although risk of longer roi is always there which is normal.
If you invest in a casino's bankroll, it should really be for long term. If you aim for the short term, you barely feel the profit and even there's almost no profit from it.
It makes no sense that you'll be short on it. That's why if someone wants to invest for a long term investment in bankrolls of a casino, that's what it should be.
Yes, bitcoin can work for you in the following steps:
1: involve yourself in short term and long term investment: Those that know how to invest their money on short and long term investment always have a good opportunity to earn well from their bitcoin investment.
2: Safe wallet: When you have a good wallet to store your coins , it will make you feel good when you are wanting for for your bitcoin to work for you positively in the community.
3: Never you display your personal details in public: Bitcoin can work for you when you keep your wallet personal details to yourself for not allow anybody to know your personala key to your wallet address.
1: involve yourself in short term and long term investment: Those that know how to invest their money on short and long term investment always have a good opportunity to earn well from their bitcoin investment.
2: Safe wallet: When you have a good wallet to store your coins , it will make you feel good when you are wanting for for your bitcoin to work for you positively in the community.
3: Never you display your personal details in public: Bitcoin can work for you when you keep your wallet personal details to yourself for not allow anybody to know your personala key to your wallet address.
Any earning outside proof of work in bitcoin is Ponzi and is a very high risky journey. Bitcoin core gives you full access to your coin and to either lend or stake involves a third party intermediary even in a decentralized system it can still be abit risky mostly a decentralized exchange whose source isn't open. The only way your bitcoin can securely work for you is to hodl hodl and keep hodling
BTC represents capital, because its not a fractional reserve system or a central banking ledger it is worth something for you to lend your capital to companies. Most obvious example is a casino for their bank roll against winners while longer term making a profit. That would almost always require you to trust that company to keep your capital available.
There are some casinos that are worth to invest into their bankroll but you really need to pack yourself with patience.Can also lend it to exchanges but I don't think that I'll be doing that if I want to have some profits from my bitcoin. I just find it not worth it at all when I'm putting my funds into risk that could change my life forever.
It will still result to idea of holding is still the best.
https://bustadice.com/invest
https://www.bustabit.com/bankroll/change-bankroll
When it comes to gambling site house investment then i do see it is much worth rather than on parking out yourself
on staking.Although risk of longer roi is always there which is normal.
BTC represents capital, because its not a fractional reserve system or a central banking ledger it is worth something for you to lend your capital to companies. Most obvious example is a casino for their bank roll against winners while longer term making a profit. That would almost always require you to trust that company to keep your capital available.
There are some casinos that are worth to invest into their bankroll but you really need to pack yourself with patience.Can also lend it to exchanges but I don't think that I'll be doing that if I want to have some profits from my bitcoin. I just find it not worth it at all when I'm putting my funds into risk that could change my life forever.
It will still result to idea of holding is still the best.
Jump to: