Bitcoin

Out of context: Reply #1913

********
1
How can I safely lend my BTC to people or companies to make interest on it while I hold?
What’s a reasonable expected rate of return on lending?
********
1Permalink
Upvote Downvote
Flag
- https://celsius.netw…...
  https://blockfi.com
  https://nexo.io/inteliboy
- ^ that sorta thing?inteliboy
- there is no safely if you don't hold your own private keys. i keep my main stash in a hardware wallet, and use Celsius and Crypto.com for interest on smallerESKEMA
- Yes!
  ********
- stashes. it's incredible how much a small stack grows in 1 to 2 yearsESKEMA
- I have referrals if you want, we both get some $ESKEMA
- Ok next question. How are they able to pay me 6% interest when interest rates are so low?
  ********
- only put at risk what you're willing to loose.ESKEMA
- bitcoin grows enough on it's own, no need to be greedyESKEMA
- celsius gives 80% of their profits back to the users. Banks keep their profits for themselves.ESKEMA
- https://celsiusnetwo…ESKEMA
- Why would it be at risk on these platforms? Because it’s not guaranteed?
  ********
- because humansESKEMA
- Oh, I’m responsible if the borrower doesn’t pay?
  ********
- no. It's about 3rd party risk. exchanges are juicy hacking targets.ESKEMA
- if the borrower doesn't pay, they loose their collateral..ESKEMA
Show [[ numHiddenNotes ]] more notes Add Note
Save Cancel