What is your opinion on Crypto.com's Earn and Binance's Savings?

rexxarofmoknathal

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Quote from: ReiMomo on July 21, 2020, 07:01:13 PM

Crypto.com is not popular here, just keep using Binance because they are the most trader's choice here in the community.

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?

If you compare these two exchange, I will prefer to use Binance.

Same here. Although Crypto.com has some benefits I regard Binance a much more safer exchange platform to use. I can't comment much on the former as I haven't used it yet - Binance is satisfactory enough for me. As part of the savings system they can give ~10% APR in interest so it is not bad at all even as a Savings platform.

Mrengage

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Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Although I am not a terrible day-trader, I am pretty much occupied with work, family and friends, and other hobbies, stock trading, etc.
So I tend not to do too much day trading.

I do have a good amount of crypto holdings since 2015 tho, and unfortunately, they have been just sitting there for the most part.
Since 2 years ago or so, I used loan on Poloniex to earn extra coins, and now I am currently using Crypto.com's Earn and Binance's Savings / Staking to make some profits.
Although I am pretty confident that Binance is a safe place to keep my coins, since it is highly reputable and am aware that they have insurance for users' assets,
I am not too sure about Crypto.com. I have researched, of course, but I have never gotten a definite answer that it is safe, as there are answers from both sides.
So even though Crypto.com offers more percent return, I am reluctant to deposit more because of my doubts in security.

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?
What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?

In my own saying this two have just been the whole talk in town. The Crypto space is becoming different and easy which is what everyone wants and so as to enjoy being among this generation who adopt.

wiss19

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For me, Reputation of the platform > the profits they offer. So, I would always go with Binance no matter how much money/returns crypto.com is offering me. I haven’t heard the name of crypto.com much. This is like just the second time I am hearing about it whereas Binance is on the tongue of people all the time.

Also, as you mentioned Binance exchange has insurance for its user’s assets, it’s the safest platform if you are thinking to stake your holdings for long term. If you have stable coins like USDT etc, I would recommend you to hold them on Nexo platform as they offer 10% dividends on them and the platform is highly trusted, simple and managed by team of professionals.

bitcoinisbest

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Quote from: ATSgrowth on July 23, 2020, 04:47:05 AM

If you are used to storing your cryptocurrencies on exchanges, then it could be a choice of earning at least something while your cryptocurrencies lie there. But, it is highly recommended to store your cryptocurrencies at personal wallet because you never know what can happen to the exchange. Roll Eyes

For those who are regular traders or require some liquidity and keep in online exchanges then such things are worth it as you can get some extra interests on the amount kept with them rather than just lying idle under those exchanges. Also, one can easily exit anytime as well in Binance.

iged_war

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Quote from: tvplus006 on August 01, 2020, 03:13:52 AM

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

...So even though Crypto.com offers more percent return, I am reluctant to deposit more because of my doubts in security. ..

I have met many different services that offer high interest rates on deposits and stakes, but this is exactly what they caused me to distrust. I didn't use it Crypto.com in my work, because I have been using Binance and Poloniex for this purpose for a long time, and I am completely satisfied with their service.

in binance exchanges we find complete feature and services that needed for each traders. from margin trading, staking support and many other could found here. personally there is no reason to use another exchanges,moreover binance has biggest trading volume in crypto market.

tvplus006

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Quote from: 3227jw on July 21, 2020, 03:15:22 AM

...So even though Crypto.com offers more percent return, I am reluctant to deposit more because of my doubts in security. ..

I have met many different services that offer high interest rates on deposits and stakes, but this is exactly what they caused me to distrust. I didn't use it Crypto.com in my work, because I have been using Binance and Poloniex for this purpose for a long time, and I am completely satisfied with their service.

n0ne

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The trust these exchanges have gained even after facing several and hacks is the reason for people stating it a secure place to store funds. In simple during the recent hack on Binance, it distributed funds to the users who lost during the hack. These were a way to improve their market, if one is into day trading sure it is difficult for him to move to wallet between trades. This is why people with smaller funds keep it on the exchange itself.

rexxarofmoknathal

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I think they're both good ways to generate a decent return on your investment if you're holding cryptocurrency long term.

You can't match 6-10% interest with fiat currencies, and both of these platforms have an excellent reputation, so you really don't have too much to worry about. Unless they suffer a catastrophic breach, your money is almost certainly safe.

I personally have a good some in Binance savings... Mostly just coins I know I wont need to touch for at least several months, like Bitcoin, Litecoin and some stablecoins.

A few DeFi protocols also offer non-custodial ROIs too, might be worth checking out.

bearexin

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Quote from: mk4 on July 21, 2020, 05:04:08 AM

I honestly don't recommend leaving funds on these platforms. Though those platforms seem secure, we all know exchanges get hacked all the time[1]. 4-8% interest in exchange for the security risks is simply not worth it in my opinion. I'd rather wait til my coins increase in value in the long-term.

[1] https://cryptosec.info/exchange-hacks

Storing the coins on ledger or offline wallets is secure but won’t earn you any profit or interest. He has been holding the coins since 2015 so I don’t think it would’ve a smart idea to just let the coins rot without trying to make use of them and increase portfolio. Other than that, Binance is a reputed exchange and holds insurance against users’ assets so I don’t see any point of questioning the security.

Compound interest is a strong concept that could do miracles if made proper use of. Exchanges being hacked is common just like debit cards, credit cards and bank account of people are hacked on daily basis. Everything has certain risk factor so does trading, investing and staking in cryptocurrencies.

Lanatsa

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Quote from: Oasisman on July 22, 2020, 06:45:42 AM

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?
What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?

IMO, exchanges aren't totally safe in terms of hacking and other digital attacks, and that's based on the events on big exchanges that happened before.
Since you have mentioned you are more committed with work and stock trading. These both could generate income for you.
Now, is the extra profit worth risking, than just keeping a good amount of Bitcoin in your offline wallet and wait for the price to reach new heights or not?
As much as I also want to find an honest review about Crypto.com, or even If someone confirms it's legitimacy, my question above still remains.

I personally don't recommend savings or storing on exchanges, though I'm not saying they aren't trustworthy, but what I'm afraid of is the attackers, since there are no exchange that aren't susceptible to hacking.

Even if you do held of funds on your wallet does still have that kind of risk of losing those coins.How much more if you dont have the full control of it since you do allow others to get hold of those?

I would say the same thing where i cant trust up those platforms when it comes to fund handling yet you can just earn a little amount for year and as other said it isnt really worth for the risk.

Its up to someone if he would really be willing for that.

Shasha80

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If you compare crypto.com with Binance, of course Binance is safer for storing your coins. From the start of popularity,
until the Binance security system is much better. But I am not saying that crypto.com is not safe to use. My suggestion is
to save 50% of your coins in Binance, then 20% in crypto.com and the remaining 30% are certainly stored in the hardware
wallets proven to be very safe to save coins compared to save on exchanges.

BitcoinTurk

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Quote

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?

Although I am not actively using Crypto.com and I have very little money in my account here, I think that this service has been growing very fast recently and is therefore reliable. The fact that it is a successful project, its team is constantly working for innovations and constantly doing different activities to gain new users are among the factors proving that the project is for the future. For this reason, I think it is reliable service.

Quote

What do you think of these two options for making extra profit?

I think there are good investment options to get absolutely extra income compared to today's popular earning methods without risking your money too much.

Quote

Do you think they are worthwhile?

Yes, both services are very important and valuable for the crypto money markets. I think that if both services end, they will have a serious impact on the crypto money markets. I think this thought will be enough to prove how valuable they are.

Quote

And do you know any other safe options I can try out?

Unfortunately, apart from these options, I do not know a more reliable and more secure earning method in the crypto money markets.

ATSgrowth

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If you are used to storing your cryptocurrencies on exchanges, then it could be a choice of earning at least something while your cryptocurrencies lie there. But, it is highly recommended to store your cryptocurrencies at personal wallet because you never know what can happen to the exchange. Roll Eyes

Josefjix

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yes

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Although I am not a terrible day-trader, I am pretty much occupied with work, family and friends, and other hobbies, stock trading, etc.
So I tend not to do too much day trading.

I do have a good amount of crypto holdings since 2015 tho, and unfortunately, they have been just sitting there for the most part.
Since 2 years ago or so, I used loan on Poloniex to earn extra coins, and now I am currently using Crypto.com's Earn and Binance's Savings / Staking to make some profits.
~~Although I am pretty confident that Binance is a safe place to keep my coins, since it is highly reputable and am aware that they have insurance for users' assets,~~
I am not too sure about Crypto.com. I have researched, of course, but I have never gotten a definite answer that it is safe, as there are answers from both sides.
So even though Crypto.com offers more percent return, I am reluctant to deposit more because of my doubts in security.

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?
What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?

Binance isn't entirely safe for holding your assets for you, it is a centralised platform prone to hacks or sort anyday. It is a big risk giving your large sum of money for them to help you hold for a long time, even with their insurance policies it doesn't guarantee the safety of your assets. Buy a cold wallet and save your coins under your watch. It is safer.

lixer

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Savings in bitcoin doesn't really make that much sense to some people. I mean think about it, they are not here to make 2% profit yearly, they are here to make thousands of dollars very quickly and suddenly become rich. Obviously that is not going to happen but people in crypto world are not the same people who put their money into savings accounts most of the time, they are the people who buy shorts and longs and leveraged stuff they are the people who want to get out of this rat race very quickly so that they could have a good life before they retire and become too old to do anything.

This is exactly why I believe there should be some sort of informational place in bitcoin world where we teach people how bitcoin is not some get rich quick scheme and tell them what it really is all about.

Oasisman

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Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?
What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?

IMO, exchanges aren't totally safe in terms of hacking and other digital attacks, and that's based on the events on big exchanges that happened before.
Since you have mentioned you are more committed with work and stock trading. These both could generate income for you.
Now, is the extra profit worth risking, than just keeping a good amount of Bitcoin in your offline wallet and wait for the price to reach new heights or not?
As much as I also want to find an honest review about Crypto.com, or even If someone confirms it's legitimacy, my question above still remains.

I personally don't recommend savings or storing on exchanges, though I'm not saying they aren't trustworthy, but what I'm afraid of is the attackers, since there are no exchange that aren't susceptible to hacking.

CryptopreneurBrainboss

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Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?

Out of curiosity just asking who declared Binance as a save platforms to store coin? They're one of the most reputed out there in the exchange business but that doesn't mean they can't be shutdown at any minute since they're not decentralized but operating through a centralized server.

The moment you start storing your coins on exchanges, you're putting your money at risk to getting hack as this big platform are target to hacks daily and there's no assurance of getting your funds back if they get hack. They platforms might have savings as insurance to such scenario but don't relay on those as precaution is better then cure

Store your coins, stake or save them on personal wallet, just by holding bitcoin you get profit, what extra are you searching for?

pakhitheboss

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Quote from: mk4 on July 21, 2020, 05:04:08 AM

I honestly don't recommend leaving funds on these platforms. Though those platforms seem secure, we all know exchanges get hacked all the time[1]. 4-8% interest in exchange for the security risks is simply not worth it in my opinion. I'd rather wait til my coins increase in value in the long-term.

[1] https://cryptosec.info/exchange-hacks

I also agree with @mk4.

Exchanges have been getting hacked and there was an instance in the past when Binance was also hacked. So I would not recommend you holding funds on any exchanges.

Crypto.com is a non custodial wallet which give you interest on your crypto assest but it is a mobile based application and can get easily hacked.

It is better to wait for the price to increase rather use any of these platforms and later regret.

dandannel

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I have experience with both binance and crypto.com,
I wouldn't leave much of my coins in any exchange, but they both are legit and relatively safe imo.

3227jw

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Quote from: crwth on July 21, 2020, 05:48:51 AM

Quote from: 3227jw on July 21, 2020, 04:20:34 AM

Do you personally have experience using Gunbot?

I do and I continuously use it in Binance futures. If you are interested I could help you with setting it up and support. Let me know.

Thanks, I will be doing some research over the weekend then PM you if I go through with using the bot.

Quote from: nelson4lov on July 21, 2020, 03:50:14 PM

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?

Both Binance savings and Crypto.com earn are promising programs. I have only tried out Binance savings. It was for a short term period but I was satisfied with the rewards. It was better than leaving my assets idle. From what I know, Crypto.com programs is good too. You should give it a try. If you're still unsure, test the waters with a small amount and see how it goes.

I am already using both, and I am satisfied with the result so far.
But like what most people are saying, I am always worried about the risks involved with leaving my funds on these exchanges.
So just wanted to hear out different opinions about using these programs.

Thank you all for your kind answers, all of them were really helpful

ReiMomo

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Crypto.com is not popular here, just keep using Binance because they are the most trader's choice here in the community.

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?

If you compare these two exchange, I will prefer to use Binance.

Quote

What do you think of these two options for making extra profit?

Not convincing on Crypto.com, earning profit is also matters in your skills and knowledge on trading.

Quote

Do you think they are worthwhile?
And do you know any other safe options I can try out?

Worth it if you will use Binance, beside, doing your own research is good to manage your own risk.

Mahanton

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Quote from: The Sceptical Chymist on July 21, 2020, 01:55:34 PM

Quote from: crwth on July 21, 2020, 04:01:52 AM

I don't have any experience with binance savings but knowing the exchange reputation, it's definitely going to be safe to HODL your investments there.

I'd say Binance is about as safe an exchange as you're going to find, but I still wouldn't trust them (or any crypto exchange) completely, and that's just based on the history of hacks and various other disasters that have befallen exchanges. If you're going to try to earn some passive income with them, I would probably only risk a relatively small amount.

I've never even heard of crypto.com, but my high level of ignorance is due to the fact that I don't do a lot of trading.

OP, I understand your desire to put your crypto to work earning income, but I just think it's a bit too risky to do it through an exchange. You might be better off just holding onto what you've got and hope for some nice capital gains down the road.

Much preferable rather than risking your stash with just having to had that minimal profit on a specific period of time and as other said it isnt really worth for the risk and the time spent.
You can just simply held it off into your wallet and let it grow without sweating or minding the risk of hack or scams.Its not really a valid option for me since i can do trade up on my own
and i would prefer on having a long term hold position than on giving out my funds for that matter.

I havent heard of about Crypto.com but someone mentioned that this one is another name which do correlate to a project/site that had past scam issues?

sheenshane

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Quote from: crwth on July 21, 2020, 05:48:51 AM

Quote from: 3227jw on July 21, 2020, 04:20:34 AM

Do you personally have experience using Gunbot?

I do and I continuously use it in Binance futures. If you are interested I could help you with setting it up and support. Let me know.

I can vouch for this user, reputable and long time Gunbot seller. You can approach this user anytime at your convenient time.

Back to your topic.
You had been answered your question, you said that Binance is reputable and safe to keep your fund and they had user's insurance asset or known as "SAFU". I never heard this Crypto.com, but I had a short research someone says they are good than other exchange and the rating is 90%.

But there's a scam accusation against them two months ago on Reddit post about Crypto.com giveaways. If you have already account on Binance, just continue using it than choosing Crypto.com. Just do your due diligence.

DarkDays

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I personally use Binance's savings products but have read about Crypto.com and other similar platforms.

Personally, I'd stick with whichever one has the most skin in the game, e.g. the one that stands to lose the most if it were to run off with user funds. For me, that's Binance.

We all know that binance absolutely rakes in the money through trading fees, so there's no wonder how they're able to pay 3-10% APR for its crypto savings plans.

Crypto.com, however, I've got no idea how they are able to sustain their rates, and they're not particularly transparent about it either.

crwth

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Quote from: The Sceptical Chymist on July 21, 2020, 01:55:34 PM

I'd say Binance is about as safe an exchange as you're going to find, but I still wouldn't trust them (or any crypto exchange) completely, and that's just based on the history of hacks and various other disasters that have befallen exchanges. If you're going to try to earn some passive income with them, I would probably only risk a relatively small amount.

They are probably more prone to hacking since they are on the top of the exchanges and currently having more power towards the crypto space. It’s going to be hard to profit continuously if you only have a relatively small amount of capital in the exchange, it's going to be a risk.

Quote from: The Sceptical Chymist on July 21, 2020, 01:55:34 PM

I've never even heard of crypto.com, but my high level of ignorance is due to the fact that I don't do a lot of trading.

It's okay, I'm pretty recent in learning about it too, and the group that I discovered it on is not a trading group. Someone just asked about how they can use crypto for online transactions, and one member suggested it. There's a referral fee too.

nelson4lov

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Quote from: Bitum on July 21, 2020, 03:09:08 PM

Crypto.com is the former Monacocoin, isn't it? I am surprised that they are still on the market. I can well remember your ICO, where it promised debitcard, but nothing came of it, then they are called scam, and yet they stayed on the market

Yes, Crypto.com was previously known as Monaco coin. Although they were called a scam several times, the company still prevailed. Currently, Its one of the biggest project that allows individuals, retail and institutional users to buy crypto (hence the name – crypto.com ). Also, They did delivered the crypto cards which was promised during their ICO in 2017.

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?

Both Binance savings and Crypto.com earn are promising programs. I have only tried out Binance savings. It was for a short term period but I was satisfied with the rewards. It was better than leaving my assets idle. From what I know, Crypto.com programs is good too. You should give it a try. If you're still unsure, test the waters with a small amount and see how it goes.

LbtalkL

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Quote from: 3227jw on July 21, 2020, 03:15:22 AM

I trust crypto.com but I trust binance more, I have an account there but I am only staking few MCO, This platform is rising from nowhere they are popular with their debit visa cards which gives cashbacks. Now this platform has no history of hacks but I am not sure if they can reimburse any stolen amount if a hack will happen. Binance has issurance I heard they have been hacked about 7000 BTC before which they reimbursed already and give us assurance to the safety of our assets.

Bitum

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Crypto.com is the former Monacocoin, isn't it? I am surprised that they are still on the market. I can well remember your ICO, where it promised debitcard, but nothing came of it, then they are called scam, and yet they stayed on the market

electronicash

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binance is an exchange still. your tokens are with them and not in your possession anymore. if its just a small amount that you think you will be fine if its gone for good, its fine.
i have no experience with crypto.com but its like staking for a time period. why not do it to a non custodial like defi platforms. its safer because the tokens, though locked up, its still in your wallet and still earning too.

harizen

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Quote from: 3227jw on July 21, 2020, 03:15:22 AM

What do you think of these two options for making extra profit?
Do you think they are worthwhile?

No one knows if it will yield you a good return in the long-run.

While considering putting money at these investments, there will be really a time that you need to test the waters by yourself in order to know the result. Yes, harming some of your funds from your precious wallet.

I never tried both but let's say I will put my place to your situation, I will consider risking my funds to see if it will be worth it, of course as long as the site is reputable and does have good reviews to minimize the risks of being sh*t.

The Sceptical Chymist

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Quote from: crwth on July 21, 2020, 04:01:52 AM

I don't have any experience with binance savings but knowing the exchange reputation, it's definitely going to be safe to HODL your investments there.

I'd say Binance is about as safe an exchange as you're going to find, but I still wouldn't trust them (or any crypto exchange) completely, and that's just based on the history of hacks and various other disasters that have befallen exchanges. If you're going to try to earn some passive income with them, I would probably only risk a relatively small amount.

I've never even heard of crypto.com, but my high level of ignorance is due to the fact that I don't do a lot of trading.

OP, I understand your desire to put your crypto to work earning income, but I just think it's a bit too risky to do it through an exchange. You might be better off just holding onto what you've got and hope for some nice capital gains down the road.

sana54210

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That is just something both amazing but also quite scary as well. I love binance having all sorts of passive income stuff, I could pick flexible savings, I could pick locked savings, I could even do staking with if I want to and that is amazing. However one thing for sure is the fact that I would prefer binance over everything else. Now why do people not go at it right away? It shows good interest rates and that means a good passive income right? Well the main reason is, what if the coin goes down?

Even USDT is scary because it is just a company and companies have owners and owners are human who have a chance to just take it all and leave so why trust them for so long. This is why when there is an easy way to make a passive income some people are not sure about if they want to go for it or not.

abel1337

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Quote from: TGD on July 21, 2020, 07:04:14 AM

Crypto.com team was very during there early stage after ICO. But they already proved they worth now by finishing what they started. They are successful on issuing a functional crypto visa card and they have trading volume on most of exchange. There staking plan is impressive too because they offer some freebies while your token was stake.

I'm a holder of there card and I have MCO token staked and I'm currently enjoying premium Netflix and Spotify. I don't want to imposed that staking there was safe. All I want to say was is taking MCO has a lot of benefits compared to other token.

It's somehow reasonable that Crypto.com offers "Free" Netflix and Spotify to their token holders but it's true that we can't be sure if it is safe at all. But the chance that they would run away with your money is a bit low I think Since they work so hard to be in that state.

I never tried binance savings but their platform is surely trusted by many people and don't hesitate to put their money on it so it seems to be fine.

Just remember if you plan to keep your assets into these both platforms always remember that you should be ready in the worst-case scenario. There's always a risk.

ashmodeus

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well, about a few weeks ago, i just got voucher from binance , trial voucher worth 10000 USDT,and that voucher must be used on binance savings,and expired for 7 days. so far i just received 0.37USDT/day from that savings.i cant say that secure since i just got free money for savings features,but i never heard a complain about savings features,so let say its quite safe. Btw is that right for you? i mean,for me its a double risk .
u put your money there to gain a few percent for some period,and with crypto have a high fluctuaction, i am not sure if u will get any profit from savings,based on fiat convertion at the end of period(of course this cases will happen if u choose a wrong coin). so good luck for your savings.

TGD

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Crypto.com team was very during there early stage after ICO. But they already proved they worth now by finishing what they started. They are successful on issuing a functional crypto visa card and they have trading volume on most of exchange. There staking plan is impressive too because they offer some freebies while your token was stake.

I'm a holder of there card and I have MCO token staked and I'm currently enjoying premium Netflix and Spotify. I don't want to imposed that staking there was safe. All I want to say was is taking MCO has a lot of benefits compared to other token.

Quidat

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Quote from: mk4 on July 21, 2020, 05:04:08 AM

I honestly don't recommend leaving funds on these platforms. Though those platforms seem secure, we all know exchanges get hacked all the time[1]. 4-8% interest in exchange for the security risks is simply not worth it in my opinion. I'd rather wait til my coins increase in value in the long-term.

[1] https://cryptosec.info/exchange-hacks

Indeed! Im aware with that Binance savings but i dont really have that kind of confidence to leave out my funds over there even on how much credible they are and you are just risking your coins for the sake of very minimal increase on annual basis.Some advises about bot trading which is also a considerable stuff but asking out on much safer way or less risk then theres no such thing exist.
If decisions arent still that sure then it would be better if you do just hold up your coins in your wallet and let the market volatility would do its job. Cheesy

crwth

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Activity: 2940

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https://linktr.ee/crwthopia

Quote from: 3227jw on July 21, 2020, 04:20:34 AM

Do you personally have experience using Gunbot?

I do and I continuously use it in Binance futures. If you are interested I could help you with setting it up and support. Let me know.

Quote from: 3227jw on July 21, 2020, 04:20:34 AM

I have been thinking about using a trading bot for awhile now, but never really got myself interested enough to find the right one for me.

This is a great opportunity for you since the community is helpful and open to new ideas with helping each other with different configurations etc.

mk4

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Paldo.io 🤖

I honestly don't recommend leaving funds on these platforms. Though those platforms seem secure, we all know exchanges get hacked all the time[1]. 4-8% interest in exchange for the security risks is simply not worth it in my opinion. I'd rather wait til my coins increase in value in the long-term.

[1] https://cryptosec.info/exchange-hacks

3227jw

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Quote from: crwth on July 21, 2020, 04:01:52 AM

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Although I am not a terrible day-trader, I am pretty much occupied with work, family and friends, and other hobbies, stock trading, etc.
So I tend not to do too much day trading.

You could pretty much utilize the investments that you have in crypto trading with a crypto trading bot like Gunbot

Hey crwth, thank you for your opinion.
Do you personally have experience using Gunbot?
I just checked it out, and it looks legit.
I have been thinking about using a trading bot for awhile now, but never really got myself interested enough to find the right one for me.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Although I am not a terrible day-trader, I am pretty much occupied with work, family and friends, and other hobbies, stock trading, etc.
So I tend not to do too much day trading.

You could pretty much utilize the investments that you have in crypto trading with a crypto trading bot like Gunbot

Quote from: 3227jw on July 21, 2020, 03:15:22 AM

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?

I just recently discovered Crypto.com and their different staking offers with MCO. I don't have any experience with binance savings but knowing the exchange reputation, it's definitely going to be safe to HODL your investments there. In terms of Crypto.com, I think it's reputable as well but not as much compared to Binance (Just like I mention too, I recently just discovered it). They have different tiers on how much you are going to invest in Crypto.com and have different benefits. Like the Debit Card that you can avail in exchange for the staking of their token. There's KYC in Crypto.com and you would receive the debit card with your address verification as well. In terms of using the card, it's quite useful and it works. You will get rebates as well.

Safe options are quite unreliable if you want to profit since risking, in a smart way, would be better. I think trading is still one of the best and safe options if you are smart about it. That's just my opinion.

3227jw

newbie

Activity: 28

Merit: 2

Although I am not a terrible day-trader, I am pretty much occupied with work, family and friends, and other hobbies, stock trading, etc.
So I tend not to do too much day trading.

I do have a good amount of crypto holdings since 2015 tho, and unfortunately, they have been just sitting there for the most part.
Since 2 years ago or so, I used loan on Poloniex to earn extra coins, and now I am currently using Crypto.com's Earn and Binance's Savings / Staking to make some profits.
Although I am pretty confident that Binance is a safe place to keep my coins, since it is highly reputable and am aware that they have insurance for users' assets,
I am not too sure about Crypto.com. I have researched, of course, but I have never gotten a definite answer that it is safe, as there are answers from both sides.
So even though Crypto.com offers more percent return, I am reluctant to deposit more because of my doubts in security.

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?
What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?

Topic: What is your opinion on Crypto.com's Earn and Binance's Savings? (Read 439 times)