Post
Topic
Board Trading Discussion
Re: What is your opinion on Crypto.com's Earn and Binance's Savings?
by
Josefjix
on 22/07/2020, 16:27:20 UTC
Although I am not a terrible day-trader, I am pretty much occupied with work, family and friends, and other hobbies, stock trading, etc.
So I tend not to do too much day trading.

I do have a good amount of crypto holdings since 2015 tho, and unfortunately, they have been just sitting there for the most part.
Since 2 years ago or so, I used loan on Poloniex to earn extra coins, and now I am currently using Crypto.com's Earn and Binance's Savings / Staking to make some profits.
Although I am pretty confident that Binance is a safe place to keep my coins, since it is highly reputable and am aware that they have insurance for users' assets,
I am not too sure about Crypto.com. I have researched, of course, but I have never gotten a definite answer that it is safe, as there are answers from both sides.
So even though Crypto.com offers more percent return, I am reluctant to deposit more because of my doubts in security.

Is there anyone that uses Crypto.com who can confirm that it is indeed as safe as Binance?
What do you think of these two options for making extra profit?
Do you think they are worthwhile?
And do you know any other safe options I can try out?


Binance isn't entirely safe for holding your assets for you, it is a centralised platform prone to hacks or sort anyday. It is a big risk giving your large sum of money for them to help you hold for a long time, even with their insurance policies it doesn't guarantee the safety of your assets. Buy a cold wallet and save your coins under your watch. It is safer.