Stacking cryptocurrencies with Interest - page 3.

tsaroz

legendary

Activity: 2926

Merit: 1069

★Bitvest.io★ Play Plinko or Invest!

Quote from: ChrisPop on October 16, 2019, 01:45:24 PM

Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..

My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?

Platforms like BlockFi, Nexo and Celcius accepts deposits and provides loan. Bifinex and Poloneix provides margin lending for traders which is similar to a collateral loan.
Many other exchanges just takes the money to increase the liquidity and some to lock up their coins. Binance want's to be the largest exchange and make every people put their coin on binance so they could manipulate the whole crypto market.

DeepChipolino

member

Activity: 658

Merit: 11

I know several crypto assets that give much more than 5-10% per annum. And it’s not so important what they do (we still don’t find out the truth), it is important how long these assets will live with such payments.
And what is 5% per annum for any asset that can change daily even by a more %?

I used to be interested in passive income from crypto assets. Now I am looking for cryptocurrencies that will survive and retain their power until the next crypto boom.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: ChrisPop on October 16, 2019, 01:45:24 PM

Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..

My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?

Oh man, theres NO way i would give them my BTC to hold for 4-6%APR, one can make more then that in traditional markets.
Hell my shit-ass BANK offers 2-3%
Ill hodl my own coins, BTC especially with the 1/2ing next year, and BNB is just a great coin
Actually Binance could hodl my bnb, i trust them with that and i dont need my bnb to be liquid, whereas my BTC i do

zhekinsp

full member

Activity: 882

Merit: 126

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Quote from: ChrisPop on October 16, 2019, 01:45:24 PM

Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..

My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?

These kind of returns can be achieved with safest investments but we are taking huge risk for that ROI is not worth it,so I don't suggest anyone to go for this schemes even if it is legit.

bigcash2011

sr. member

Activity: 1442

Merit: 265

Every investment is risky especially online investments are regarded as highly risky investments, i think solid exchanges and wallets that are providing this service are good to go but to be honest 4 to 6% for a year is just not attractive in crypto world where you can do it in a short term trade.

TaliskerDarkStorm

sr. member

Activity: 1106

Merit: 273

I don't think it's about whether or not you trust these platforms. Average interest rates for cryptocurrencies range between 4% and 5% annually.

But in some countries, banks provide far more interest rates. Like third countries of world, these rates are more than 10%. Within cryptocurrencies, these rates need to come to a level to compete with banks. But I have always trusted and will continue to trust strong exchanges like Binance. But the rates are low for now I do not think to participate in lending activities.

ChrisPop

legendary

Activity: 2310

Merit: 1033

Not your Keys, Not your Bitcoins

Coinmarketcap has recently published a page where they track the interest rates from various cryptocurrencies on different platforms. The highest Bitcoin APR is now 6.20% at BlockFi. Looks like BNB and stable coins have even 10% APRs. I wonder what are these platforms doing with your crypto to offer such high interest rates..

My question to the community is how much you trust these platforms to hold your crypto safe and don't scam away? Is the 4-6% annual interest rate worth the risk for you?

Topic: Stacking cryptocurrencies with Interest - page 3. (Read 416 times)