Quote from: PrimeNumber7 on April 25, 2021, 09:08:39 PM

Quote from: o_e_l_e_o on April 25, 2021, 08:22:49 AM

Quote from: PrimeNumber7 on April 24, 2021, 11:13:02 PM

Crypto.com offering a "deposit service" in which customers can deposit coin and earn interest. Huobi has what appears to be a peer-to-peer collateralized lending platform. If the OP is correct about his address belonging to crypto.com, it is possible they are using some of their deposits to fund loans on Huobi's platform.

I've had a good look around crypto.com's website and blog, and I can't find any obvious links to Huobi. Indeed, their "Crypto Earn" platform which you are referring to makes no mention whatsoever as to how the interest they pay you is generated, which I find pretty shady in and of itself. Their "How does it work" page here simply talks about how to set up an account and deposit coins, and their Terms and Conditions for the earn account here says nothing about they use or store any deposited coins.

While I don't trust any of these "earn interest" platforms, at least the other ones I have seen say quite clearly in their Terms and Conditions that they will give your coins out to third parties as loans, investments, etc. Crypto.com not even telling you what they are going to do with your coins is even worse.

I agree that crypto.com has the appearance of being especially shady. They apparently also have an exchange and claim to have fairly decent volume. They are offering very shady bonuses, but if you read the fine print, the bonuses are actually trading fee discounts. I am not sure if the volumes are fake, but I would be hesitant to deposit coin on their exchange.

They are indeed shady. I strongly suggest everyone considering using them to think twice. Just look at the complaints of this company.
https://www.trustpilot.com/review/crypto.com