Hi everyone!
Just wondering what might be the best way to earn more bitcoin if you have a bit and want your money to start working for you.
I do not want to risk losing my coins on centralised exchanges or anything like that.
I have been looking into Wrapped Bitcoin and liquidity pools and earning interest but seem to be getting lost in circles trying to find the right answers, perhaps there isn't a way to do it now whilst still maintaining your bitcoin on your ledger or trezor or whilst maintaining your private keys?
Woudl love to hear everyones thoughts or advice on what solutions there might be out there now?
Thanks heaps!!!
You simply can't do this with BTC sitting inside your own wallet. BTC is not PoS obviously.
As others' said, if you're not willing to put your coins at risk in an interest bearing product (e.g., Binance offers some sort of hybrid bond, I believe), then you should start your own venture - you completely retain control as to where you want to invest your BTC in.
But that has its own risks, although it's no longer a counterparty risk where the wallet/exchange you deposit your money on goes bust. But that's what you have to realise - the level of potential rewards is a function of the risks that you take in the first place.