what do you think about https://nexo.com/earn-crypto
they offer 12 % interest on EURx ?
theres just worry about the company getting shutdown then you lose all the funds
Topic: What do you think about kucoin Snowball - Protective Earn - 26,72 % APR - 7 day (Read 62 times)
October 07, 2023, 03:13:47 AM
October 07, 2023, 02:39:59 AM
this is not a spam ! i have no connection to kucoin platform -exchange...
i got this recommended from my friend 3 weeks ago i have loaded 10k eur into this and im getting arround 7,5 usd daily return
so my question is should i invest 250k into this ? is it safe ?
can you recommend a safer APY ?
Tytanowy Janusz you nailed it correct its not exactly bulletproof if the BTC falls you can lose upto 20 % until you get liquidated into BTC...
i got this recommended from my friend 3 weeks ago i have loaded 10k eur into this and im getting arround 7,5 usd daily return
so my question is should i invest 250k into this ? is it safe ?
can you recommend a safer APY ?
Tytanowy Janusz you nailed it correct its not exactly bulletproof if the BTC falls you can lose upto 20 % until you get liquidated into BTC...
October 07, 2023, 02:06:54 AM
Is this SPAM?
TBH I am skeptical of any investment that offer more than 15% APR and that is for fiat investments not so said I am more skeptical of that amount in any shitcoin investments. It sound like a SCAM.
TBH I am skeptical of any investment that offer more than 15% APR and that is for fiat investments not so said I am more skeptical of that amount in any shitcoin investments. It sound like a SCAM.
Kucoin is a serious exchange, one of the industry leaders, and the investment in question does not affect shitcoins. From what I see, this is a return for lending capital for marketmaking (providing liquidity) on the main currency pairs (BTC/USDT).
It doesn't look like a scam to me, but as I see it, there is a small catch.
"If daily observation price is higher than the Price Protection and lower than the Auto Take Profit price throughout the product duration, the order will be redeemed as scheduled. You will receive principal + return."
"If daily observation price falls below the Price Protection, the order will be early redeemed. Your principal will be converted into BTC using initial BTC price, and the return over the actual holding period will be converted into BTC using the last daily observation price. You will receive BTC + BTC return."
"If daily observation price is above the Auto Take Profit price, the order will be early redeemed. You will receive principal + return over the actual holding period."
https://www.kucoin.com/wealth/product/ProtectiveEarn-BTC-0001/02-01-0029
If I understand correctly, this is not an investment without currency risk. If the price of bitcoin starts to fall, we will not get our dollars back, only the bitcoins invested at a local top. And it is this additional risk that gives us high APY.
October 06, 2023, 02:45:04 PM
Is this SPAM?
TBH I am skeptical of any investment that offer more than 15% APR and that is for fiat investments not so said I am more skeptical of that amount in any shitcoin investments. It sound like a SCAM.
TBH I am skeptical of any investment that offer more than 15% APR and that is for fiat investments not so said I am more skeptical of that amount in any shitcoin investments. It sound like a SCAM.
October 06, 2023, 01:58:39 PM
Guys,
is anyone using kucoin Snowball - Protective Earn
https://www.kucoin.com/wealth/home
they offer APR 26,72 % for 7 day duration for USDT-BTC ?
is this high yield protective earn safe? what do you think ? pros and cons ?
is anyone using kucoin Snowball - Protective Earn
https://www.kucoin.com/wealth/home
they offer APR 26,72 % for 7 day duration for USDT-BTC ?
is this high yield protective earn safe? what do you think ? pros and cons ?
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