Topic: [Updated] Choices for earning BTC interest - page 8. (Read 19537 times)
Did some background research... seems that ChinaBTC is ok. Trying 0.5 btc for a start. Will keep you guys posted.
I am going to try this along with holding and other methods like doing loans at BTCjam and so on. Also, at times as well as odd loans here too.
I love bitcoin and trade up from other coins at times into btc and add to my btc balance.
I love bitcoin and trade up from other coins at times into btc and add to my btc balance.
I've tried earning 'interest' a couple of times. I've failed each time.
They say the best strategy for BTC is 'HODL', and this should be taken literally as 'HOLD AND DON'T LET GO'.
Anything else is putting your BTC at risk and long before you have gained anything from the interest (as in, your original investment is back in your possession and you're still earning 'interest') your BTC will be gone.
They say the best strategy for BTC is 'HODL', and this should be taken literally as 'HOLD AND DON'T LET GO'.
Anything else is putting your BTC at risk and long before you have gained anything from the interest (as in, your original investment is back in your possession and you're still earning 'interest') your BTC will be gone.
Not worth the risk of having your coins vanish because someone is having technical difficulties. "We are having technical issues but are working around the clock to get it back online" = You have been goxxed and made some Chinese scammers rich.
so, until now, all the exchanges that offer interest can not be trusted?
I thought the interest in BitVC was annual?
Thanks for letting us know but I'll stick with my coins being under my control and not getting pulled in to elaborate scam. Good luck not getting Gox reloaded for all your coins bud. I'll be the fool who works and buys/holds his coins while you are praying your not getting backdoor'd by some shady exchange, offering deals that are more then likely to good to be true.
Who is going to risk all the Bitcoins he have, for the sake of 1% per month interest? The only established player offering interest on Bitcoin holdings is Vircurex, although their rates are not constant. I am having an account there, but I never hold any coins as Vircurex is not a safe holding place. It was hacked multiple times in the past.
Not worth the risk of having your coins vanish because someone is having technical difficulties. "We are having technical issues but are working around the clock to get it back online" = You have been goxxed and made some Chinese scammers rich.
Good to know.
This is relatively easy money for us, I'll give it a try for 0.x btc.
OP should also notice/correct the "1.3~1.4% for fixed deposit" is monthly interest not daily. That 0.025% is daily though.
This is relatively easy money for us, I'll give it a try for 0.x btc.
OP should also notice/correct the "1.3~1.4% for fixed deposit" is monthly interest not daily. That 0.025% is daily though.
Yes, you are right! 1.3~1.4% is for month interest.
right now only chinese exchanges offer interest?
No, some others in other countries offer as well.really thanks.
Where can i find a list?
All of the investments carry some level of risk, including bank deposit. I support such kind of investment earning BTC interests, unless you can control you risk and tolerate losing all your investment.
Right, benefit always comes with risk. Totally riskless means no income at all.
All of the investments carry some level of risk, including bank deposit. I support such kind of investment earning BTC interests, unless you can control you risk and tolerate losing all your investment.
right now only chinese exchanges offer interest?
No, some others in other countries offer as well.
Good to know.
This is relatively easy money for us, I'll give it a try for 0.x btc.
OP should also notice/correct the "1.3~1.4% for fixed deposit" is monthly interest not daily. That 0.025% is daily though.
This is relatively easy money for us, I'll give it a try for 0.x btc.
OP should also notice/correct the "1.3~1.4% for fixed deposit" is monthly interest not daily. That 0.025% is daily though.
As many people say around here if you don't have your own private keys you don't have any bit coin. Bad business practices and outright scams make it tough to trust anyone other than yourself.
Additional evidence to support the theory that some Chinese exchanges are engaged in fractional reserves.
protip: a bitcoin IOU is inferior to a bitcoin.
protip: a bitcoin IOU is inferior to a bitcoin.
right now only chinese exchanges offer interest?
You have right. This is only ponzi. You can lost all very fast. This site making only for earning money to owner.
Reserved
I did not know, that you can earn interest on bitcoins. ^smile^
So is this like a bank or a loan shark operation? How do they get the money to pay out my interest?
Sounds like very good return for your investment.
So is this like a bank or a loan shark operation? How do they get the money to pay out my interest?
Sounds like very good return for your investment.
Jump to: