Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?
- If I'm the only one to follow, Instead of putting your crypto assets in blockfi, it's better to use Binance exchange
if that's what you want to happen to your assets.
Because of binance, when they see that you have assets staked on their platform, as long as you enter the minimum stake amount of 100$, it will be easy for them to approve the crypto loan if you want to apply for such a program that the Binance platform has.
And it can be said that Binance is safer and more comfortable to use than blockfi although it is only my view and opinion.