Post
Topic
Board Bitcoin Discussion
Re: Earning Interest with Bitcoin?
by
apoorvlathey
on 19/10/2019, 22:54:17 UTC
Definitely. I am now earning interest on:
Binance Lending: 3% annual on BTC, 6% annual on BNB
Bitfinex Funding: BTC, BCH, XRP, LTC, ETH interest rate are bid and offer, varies from time to time and can be as high as 0.25% daily on XRP present.
Gate.io Lending: Bid and Offer, now earning 0.02% daily for BNB and BTT
Yobit Invest Box: 0.1% daily for DOGE
etc
 
 
Is the interest calculated based on USD price or in the crypto coins deposited? If it's based on the coins then I find this deal profitable because no matter what the market is, we are guaranteed to get more crypto coins in the last.
If the interest and everything is in USD then if the market growth of the coin is much greater than the interest, say 20%, then at the end of withdrawing we would be left with lesser profits compared to if we had justed kept the coins in our own wallet.