Post
Topic
Board Economics
Re: IS it possible to let your BTC work for you ?
by
Sayeds56
on 25/01/2022, 13:19:18 UTC
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?

A privacy concerned BTC fan.

Like what most have mentioned, the only thing that I see this from working is if you hire someone who does the trading/investing for you, which I think is risky enough for someone to get scammed. In addition, avoid ponzi-schemes since those kind of business models cannot work in longterm due to their nature of offering significant amount of returns in a short amount of time.

I personally advise you to check your BTCs regularly and the market price. If you plan on HODLing for long-term gains, then the best way is to HODL and currently check the market value depending on your goal. Assuming that you aim for short-term profit, then withdraw them as soon as its price reach above the initial investment you put on.

I think you are talking about growing your Bitcoins without buying more which is the perspective of every investor but since it works on Proof of work so there are hardly any DEFI where you can do staking but I found 1 website where you can make some earning by converting your BTC to WBTC but do your own research before you make investment as I am not a Financial advisor. The link is given below:

https://defipulse.com/btc