I have been reading up on some interest accounts out there for BTC and Altcoins and the yields are really good especially when benchmarked against fdic insured fiat.
What’s your take on this? Is this a good or bad idea?
The interest is usually not much. It goes from about six percent (6%) per annum and above in some platforms. It’s not really bad, it is up to you whether you’re going to like it or not. If you see a good platform that you can use for it, then you can do it. The good thing about the exchanges that I am using for staking is that you can withdraw your staked assets at anytime, that’s good thing. It is not the type where your assets gets locked for like a year and if you changed your mind you wouldn’t be able to withdraw it. It’s not bad if you’re making extra 6% and above on your assets.