Topic: Would You Recommend Investing Binance Pays 9.70% Interest on USDC - page 2. (Read 173 times)
April 16, 2024, 02:48:04 PM
One of the most difficult things for some investors is been there own bank, and that’s the safest option if you ask me, been scammed on atomic wallet might be due to some mistake from your end which is keeping your holdings on an online wallet. I will advice you go for an offline wallet like hardware. But the problem is you won’t be able to stake. The APR for binance is kind of fair but base on the risk to leave your funds under another person’s custody is not worth it. Rather investing on another thing to generate the ROI for you. We can’t be too sure about binance not going to be compromised or collapse
April 16, 2024, 02:41:43 PM
I have had so many dollars in Binance exchange and none of those were hacked/affected anytime but surely it's always recommended to avoid keeping your money in exchanges or custodial wallets. But, if you're okay to take some risk then I'm sure your money won't get hacked by Binance as that's a trusted platform.
April 16, 2024, 02:41:28 PM
I hope are aware of the term not your key not your coin though Binance is still trustworthy and I believe it will be a better option if you're not in US or any country that doesn't have an issue with Binance.
While also I will advise you to DYOR on stacking in a non-custodian wallet like MetaMask and go for the one that's less risky especially since you recently got scammed
While also I will advise you to DYOR on stacking in a non-custodian wallet like MetaMask and go for the one that's less risky especially since you recently got scammed
April 16, 2024, 02:26:04 PM
The Binance exchange is trusted I'm using it so there's no problem moving your funds to Binance but the problem is keeping assets or funds in online exchanges is not safe its always vulnerable to any online attack but if you still insist and want to take the opportunity to earn 9.70% annually it's a good offer and it's your own choice if you want to risk your USDC to any exchanges.
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April 16, 2024, 02:23:15 PM
Right now I have $10,000 in USDC which pays 5.1% interest on Conibase.
I would like to transfer my funds to Binance and earn 9.70% on USDC. Do you believe this would be a smart move?
I've recently been scammed out of my money investing in Atomic Wallet so I'm skeptical about investing.
https://postimg.cc/cgTf88QS
I would like to transfer my funds to Binance and earn 9.70% on USDC. Do you believe this would be a smart move?
I've recently been scammed out of my money investing in Atomic Wallet so I'm skeptical about investing.
https://postimg.cc/cgTf88QS
Avoid storing such a huge amount of money on centralized exchange. It is not 50% safe on Conibase, neither is it safe on Binance exchange too.
In the crypto space, there's a common rules which states, "not your key, not your coin". Which means that when you are not storing your crypto asset in your self custodial, you are not in full control of it and therefore, you can loss your asset or may not have access to it any time you want it. Take for example if Binance or Conibase is having some system issues and you really need access to your asset for emergency sake? You can not access your funds at that moment.
April 16, 2024, 02:20:00 PM
Right now I have $10,000 in USDC which pays 5.1% interest on Conibase.
I would like to transfer my funds to Binance and earn 9.70% on USDC. Do you believe this would be a smart move?
I've recently been scammed out of my money investing in Atomic Wallet so I'm skeptical about investing.
https://postimg.cc/cgTf88QS
I would like to transfer my funds to Binance and earn 9.70% on USDC. Do you believe this would be a smart move?
I've recently been scammed out of my money investing in Atomic Wallet so I'm skeptical about investing.
https://postimg.cc/cgTf88QS
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