Post
Topic
Board Bitcoin Discussion
Re: Interest on Bitcoin
by
virasog
on 02/11/2021, 07:25:21 UTC
Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

To earn the interest on your bitcoin, you either have to deposit your bitcoin to a central site which control your funds and may give you certain percentage as an interest daily, weekly or monthly. This is too much risk as the third party may close their business anytime and you may lose the funds.
Holding bitcoin with yourself is also profitable, as the value of bitcoin keeps on increasing with time.