From the BitCoin Conference, Celsius Network is pumping out latest promo codes: BTC50 BTC600 BTC2500 (worth over $3150 BTC)!!

https://cryptosmartmoney.blogspot.com/2021/06/celsius-network-latest-promo-codes.html

Three methods of earning continuously BTC yields are introduced in this article.

https://icapital.medium.com/earning-the-best-btc-yield-stacks-protocol-vs-cefi-platforms-cff071de3071

Will BSC be more secure than ETH one day?

It seems that many platforms are still accepting BSC to transfer assets....

Yes.. I agree.. it's better to always earn your money, not to gamble!

At first, I thought it was good bonus.. so that's why I shared... 

Later I saw the ads from other CFD exchanges on my phone (because Google shares my searches to the advertisers)... apparently $50 signup bonus in CFD exchange is a standard bonus thing...

Just sharing an article related to stacking STX to earn BTC.....

Bitcoin “Mining” without Electricity: What is the Yield from Stacking STX?

https://icapital.medium.com/bitcoin-mining-without-electricity-what-is-the-yield-from-stacking-stx-5937b08c4961

Please feel free to share your insights on this topic.

For whatever reasons, I wasn't able to reply for a few days (it always says that someone from my IP address has posted in the last 5 minutes)

But no to your question.

"Bonuses cannot be withdrawn directly. You can only use bonus in transactions and withdraw the amount you have earned."

Just free gambling chips to entice people into gambling... (plus getting KYC info)

This is just free $50 chips for you to gamble (in exchange for your KYC information)....  you'll lose the gamble soon for most people.  Unless you are great short-term trader.. most people wouldn't benefit from this too much.  You can only withdraw up to $1000 if you win in the gamble using the money (per the term discloses)

Note that this is a CFD exchange. $50 accounting opening bonus is quite standard bonus among CFD exchanges. Another one (based in Australia) is offering similar bonus for Forex CFD exchange.

My recommendation for most people is to leave this promo out unless you know what you are doing.

Less than one day left for this limited-time promotion for those residing in english-speaking regions

Thanks so much for the information.

From the information I saw, these firms increase their yields through a process called rehypothecation (this is a bit like money multiplier...)
e.g. by the CFO of Celsius Network  https://celsiusnetwork.medium.com/what-we-do-how-we-do-it-9a82124f7159

From my understanding, US has a cap of 2x rehypothecation while UK (where Celsius and ApyHarvest are based) has no such caps (in the traditional space, not sure if cryptos fall into such restrictions) .. The UK ones claim to be doing it at 4x to 5x (which potentially suggest that they can offer higher yields on deposit than BlockFi due to regulatory differences)....

I am just curious how this actually works...  does the custody partner (like Genesis) provide such services or they have to do it on their side? Most of them claim to be doing mostly collateralized lending... but why would institutional borrowers put some cryptos as collateral and borrow some other cryptos?  Which cryptos are mostly used as collaterals? BTC or stablecoins such as USDT/USDC?

Can you provide some insights as to why you are borrowing from these CeFi platforms? (instead of from DeFi or exchanges directly?)
What are your experiences with them?
Which of them provide the best deal and services?


Your answers will be very helpful for retail lenders who are lending to these platforms

Only less than 36 hours left for this promotion! free money for speculation!

Note that CFD is a bit like gambling...

and CFD exchange is not officially allowed in US and HK

Just sharing this free BTC opportunity for people in English-speaking countries from a Japanese crypto CFD exchange.
No deposit required but KYC is required.
Promotion ends in less than 3 days!

https://cryptosmartmoney.blogspot.com/2021/04/earn-free-50-btc-from-bitterx.html

Just sharing this free BTC opportunity for people in English-speaking countries from a Japanese crypto CFD exchange.
No deposit required but KYC is required.
Promotion ends in less than 3 days!

https://cryptosmartmoney.blogspot.com/2021/04/earn-free-50-btc-from-bitterx.html