Quote from: mcun2000 on February 09, 2021, 09:22:22 PM

So, I have small amount of cryptocurrency I bought and mined over the years and will HODL, but I am seeing news articles and advertisements about earning interest on my coins. And the returns are not bad--5 to 7% per year.

It seems BlockFi is the front runner. They seem to have partnerships with the major US crypto exchanges, e.g. Gemini and Coinbase (I am in the USA). I am also googling and trying to educate myself.

But, I have serious concerns about learning my crypto to 3rd parties. What happens if the institution that I loan to, for example BlockFi, goes brankrupt? I assume I will lose my crypto. Would it be safer to loan to an exchange and I don't run that risk?

What are your experiences so far with loaning your crypto?
What place do you loan to, or recommend loaning your crypto to?

Just swap all your shitcoins for Bitcoin.

Isn't a 200% percent (average) annual return enough for you?

Bitcoin has been the most profitable investment of the past decade, and it looks like it also going to be the most profitable one of the decade ahead. If it maintains that rate of return, you only have to hold $1,000 in Bitcoin for 6.5 years it to turn into a million. I'm not going to say that it's going to keep that return percentage but just imagine if bitcoin were able to sustain a return of 50-100% per year. Just holding $1,000 is going to make you a lot of money. And if you start with more, you'll make a lot more. So forget about ridiculous interest rates for losing control over your investment and focus on the best asset you can invest in.