What I noticed is that people should be aware of crypto lending platforms,. The bull market is good for them but most of them were not able to survive during bear market. Crypto are not like fiat because they are more volatile, especially the altcoins which are very volatile.
There are some platforms that can give APY return, like the exchanges, but they have one disadvantage of not your key not your coin. It is not worth going for, to invest on centralized online places.
The only one that I have considered better are the staking using noncustodial wallets, not the ones like decentralized exchanges which can be hacked. Such exploits are common these days than how custodial exchanges are hacked. But staking directly using wallet is good if gotten rightly and staking at the right time. The reward is daily, but bear market can result to losses.
If someone can be patient enough, he can go for bitcoin which is safer. Bitcoin requires speculation, it is not what people should just go into, it requires studying about it and knowing the right time to invest and hold your bitcoin on a noncustodial wallet instead which can even be cold wallet.
I too will tell people to be careful of those custodial services.
I have ran out of sympathy for people who still have their funds on these centralized scams exchanges and earning platforms. Absolute insanity by this point.
When I am talking to some of my friends, they are novice and they do not much about safety. There are some I introduced to this forum which later found that what they were going before was wrong. Ignorance is the cause of many people mistake and ignorance is like a disease.