Quote from: jerry0 on October 14, 2019, 04:16:07 PM

Quote from: tsaroz on October 13, 2019, 02:19:24 PM

Quote from: jerry0 on October 11, 2019, 07:52:20 PM

Is this possible? Example you lend bitcoin to something similar to like a bank and they give you interest on it? Like how now they give you 2% interest?

I heard binance is doing something similar like that but it was like 10%?

Binance so far is providing 3% on bitcoin lending. They provide 10% for stablecoins and upto 14% for BNB. Such lending expires in 14 days and you can easily extend them manually a few hours after they have expired. If you missed the schedule, you need to wait some more days where your money would lie without interest. Many other financial services like Nexo and Celcius also provides long term 8% for stablecoins.

Can you explain this? How does that work? So you telling me say you lend 1 btc to binance, every 14 days, you need to extend it manually. Do it for 1 year... then your 1 btc will now be 1.03 btc... is that correct?

Yes, that's correct, its just like you are staking your fund, there are also some exchange who does staking just like BitForex too (which is a great exchange too), and they provide staking in simple way.

Here are some info and links that could help you, please refer for you to learn more:

Binance https://www.binance.com/en/lending
BitForex https://support.bitforex.com/hc/en-us/articles/360032189391-Simple-Staking-Passive-Income-Program