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Bitcoin Savings Interest Rates | Compare important features, ratings and calculate estimated annual BTC returns from 17 platforms.

Bitcoin Savings Interest Rates | Compare important features, ratings and calculate estimated annual BTC returns from 17 platforms.



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5 Comments

  1. I know there are diehard fanatics here who would rather die before they put their bitcoin on a platform/exchange, but I do like using these to earn interest.

    I use Hodlnaut and Voyager. I used Celsius, but I’m leaving since they dropped the limit for their top tier of interest to 0.25 BTC. I was really happy with Hodlnaut’s customer service and their security.

  2. I would *never* lend Bitcoin.

    **Risk**.

    The huge **risk of losing your Bitcoin** is not worth the relatively small reward.

    You have to risk losing an asset with a long-term average ROI of about 130% per year to gain a few percent per year. Mathematically, that is foolish.

    Don’t be stupid with money.

    You’ll just be making some “smart” person rich:

    You lend to X. X turns around and lends to Mr. Shorter, for a higher rate. X makes money from your Bitcoins. You take all the risks. X has plenty of his own bitcoins, but, like me, he knows better than to lend them to Mr. Shorter.

    Meanwhile:

    **‘Billions’ lost through hacks of crypto lending platforms**

    New research by blockchain analytics firm Elliptic showed that fraud and theft at decentralized finance platforms have led to $10.5 billion in losses so far this year.

    . . .

    However, the explosive DeFi growth came along with booming crime in the mostly unregulated sector, Elliptic said. Users have suffered over $12 billion in losses through crime at DeFi apps, lending platforms and exchanges since 2020, with the majority of losses coming in 2021 alone.

    Those losses were mainly attributed to bug and code flaws, as well as a hacking technique that involves exploiting loopholes in how the DeFi service operates.

    . . .

    https://www.rt.com/business/540634-crypto-lending-platforms-crime-losses/

  3. tldr; Earning interest on Bitcoin is far better than keeping it idle in your wallet. You can earn up to 17% interest per annum on your Bitcoin holdings, and that is far more than what traditional banks and other financial institutions pay on fiat currencies. Bitcoin interest account providers earn money by lending cryptocurrencies and fiat currency to their users.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

SLP323 Graham Krizek – Running Hosted Bitcoin & Lightning Nodes at Voltage

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