Post
Topic
Board Trading Discussion
Re: blockchain.com EARN commission 7 %
by
joniboini
on 08/11/2023, 01:01:26 UTC
i wont a stable investment for my money 7 %  APY is good for me as long as the exchange is thrustworthy  ...  banks in my country give 3,5 % on EUR
You should know by now that trustworthy means nothing in terms of crypto interest/saving plan. Things like FTX or Celcius bankruptcy should tell you how risky this market is, especially with such a "high" interest rate. There is a reason why banks usually give a low interest, they don't want to expose themselves to unnecessary risk. CMIIW.

If your goal is to grow your money, I'd just suggest you to DCA and collect sats regularly. It is arguably safer with a modest profitability, you are still in control of your money. Even if you failed to exit at the right time, chance are you'll still make a decent profit as long as you have some patience.