I was looking to lend my USDT to earn the interest on it instead of just keeping it idle in my Ledger and I found 3 top Crypto Lending Sites for longer term lending.
My requirement were Secuity, insurance, NO-lockup, withdraw anytime etc.
(I would not urge to lend all of your portfolio just enough of it which gonna stay idle for long time.)
1. NEXO
a. Founded in 2017
b. backed by the founder of TechCrunch: Michael Arrington.
c. Have nearly 200,000 customers and back payments in 45 Fiat currencies.
PROS :
a. Nexo Wallets provided by BitGo. Thus, users who borrow or lend Bitcoin and other cryptocurrencies are
b. Funds are insured for up to $100M by Lloyd’s, in case of a hack or bankruptcy. This amount is for the total company, not per person.
c. Daily interest. Deposit/Withdraw anytime.
d. 8% interest (USD, EUR, GBP, USDT, TUSD, USDC, PAX, DAI)
e. Available on Web and mobile app.
CONS :
a. Can only deposit stable coins and fiat currencies.
b. No support for BTC and ETH yet, but there is no projected idea when this will happen.
2. BLOCKFI
a. Founded by Zac Prince and Flori Marquez.
b. Company has raised over $20M from including Coinbase Ventures.
PROS :
a. 6.2% interest rate on BTC and 3.3% on ETH for lenders, compounded.
b. 4.5% interest rate for borrowers. This is a plus for lenders.
c. No minimum deposit.
d. Crypto assets are stored with Gemini (licensed custodian with insurance and has a perfect track record void of hacks or customer fund losses.)
CONS :
a. Interest rates decrease to 2.2% and 0.2% for deposits over 10 BTC and 100 ETH (respectively).
b. Only BTC, ETH and GUSD are available.
c. Not FDIC insured, though Gemini -- their wallet provider -- has a strong track record for security.
3. CELSIUS NETWORK
a. Founded in 2018 by Alex Mashinsky (one of inventors and patent holders of VOIP (voice over IP) technology.)
b. He holds numerous awards for entrepreneurship.
PROS :
a. Offers interest on BTC, ETH, and other top 10+ cryptocurrencies.
b. No withdrawal fees, no deposit fees, no transaction fees, no early termination fees, no origination fees.
c. same insurance security as NEXO provided by Lloyd’s.
d. Weekly interest. Deposit/Withdraw anytime.
e. Higher interest rates (8%+) than NEXO on stablecoins.
f. Higher interest rates (up to 10%) when accepting to be paid interest with CEL tokens -- the Celsius cryptocurrency.
CONS :
a. CEL, their ICO token, has been suspended for U.S. customers. Which means U.S. customers can’t benefit from the highest interest rates possible.
b. Mobile App only. The user experience isn't as good as Nexo's.
There are other lending sites which I won't go in detail which cater exclusive to some coins like Compound.Finance (only DAI stable coin) and DharmaLever (Only DAI stable coin and Ether, 90 day lock in).
CONCLUSION :
Overall, I think Nexo and Celsius are 2 lenders where I'll try to lend to earn interest instead of depending on only one for diversification.
Both have pros & cons and it's better to not put all egss in one basket.
My requirement were Secuity, insurance, NO-lockup, withdraw anytime etc.
(I would not urge to lend all of your portfolio just enough of it which gonna stay idle for long time.)
1. NEXO
a. Founded in 2017
b. backed by the founder of TechCrunch: Michael Arrington.
c. Have nearly 200,000 customers and back payments in 45 Fiat currencies.
PROS :
a. Nexo Wallets provided by BitGo. Thus, users who borrow or lend Bitcoin and other cryptocurrencies are
b. Funds are insured for up to $100M by Lloyd’s, in case of a hack or bankruptcy. This amount is for the total company, not per person.
c. Daily interest. Deposit/Withdraw anytime.
d. 8% interest (USD, EUR, GBP, USDT, TUSD, USDC, PAX, DAI)
e. Available on Web and mobile app.
CONS :
a. Can only deposit stable coins and fiat currencies.
b. No support for BTC and ETH yet, but there is no projected idea when this will happen.
2. BLOCKFI
a. Founded by Zac Prince and Flori Marquez.
b. Company has raised over $20M from including Coinbase Ventures.
PROS :
a. 6.2% interest rate on BTC and 3.3% on ETH for lenders, compounded.
b. 4.5% interest rate for borrowers. This is a plus for lenders.
c. No minimum deposit.
d. Crypto assets are stored with Gemini (licensed custodian with insurance and has a perfect track record void of hacks or customer fund losses.)
CONS :
a. Interest rates decrease to 2.2% and 0.2% for deposits over 10 BTC and 100 ETH (respectively).
b. Only BTC, ETH and GUSD are available.
c. Not FDIC insured, though Gemini -- their wallet provider -- has a strong track record for security.
3. CELSIUS NETWORK
a. Founded in 2018 by Alex Mashinsky (one of inventors and patent holders of VOIP (voice over IP) technology.)
b. He holds numerous awards for entrepreneurship.
PROS :
a. Offers interest on BTC, ETH, and other top 10+ cryptocurrencies.
b. No withdrawal fees, no deposit fees, no transaction fees, no early termination fees, no origination fees.
c. same insurance security as NEXO provided by Lloyd’s.
d. Weekly interest. Deposit/Withdraw anytime.
e. Higher interest rates (8%+) than NEXO on stablecoins.
f. Higher interest rates (up to 10%) when accepting to be paid interest with CEL tokens -- the Celsius cryptocurrency.
CONS :
a. CEL, their ICO token, has been suspended for U.S. customers. Which means U.S. customers can’t benefit from the highest interest rates possible.
b. Mobile App only. The user experience isn't as good as Nexo's.
There are other lending sites which I won't go in detail which cater exclusive to some coins like Compound.Finance (only DAI stable coin) and DharmaLever (Only DAI stable coin and Ether, 90 day lock in).
CONCLUSION :
Overall, I think Nexo and Celsius are 2 lenders where I'll try to lend to earn interest instead of depending on only one for diversification.
Both have pros & cons and it's better to not put all egss in one basket.
Forwarded from MultiversX - Announcements
We’re very excited to announce starting a collaboration with the Samsung blockchain ecosystem.
Here’s a video previewed yesterday at the Samsung Dev Conference: https://youtu.be/vgI1DbH1gFc
Challenge: find Elrond in the video 👀
More detalis on this soon 🙌
RT: https://twitter.com/beniaminmincu/status/1189944011349360642?s=20
Here’s a video previewed yesterday at the Samsung Dev Conference: https://youtu.be/vgI1DbH1gFc
Challenge: find Elrond in the video 👀
More detalis on this soon 🙌
RT: https://twitter.com/beniaminmincu/status/1189944011349360642?s=20
YouTube
Samsung Blockchain: Official Introduction
Introducing #SamsungBlockchain.
This new blockchain hub from Samsung brings a new, secure, and convenient way to protect and manage cryptocurrencies right in the palm of your hand.
If all these are new to you, don't worry. Samsung SDKs are provided with full…
This new blockchain hub from Samsung brings a new, secure, and convenient way to protect and manage cryptocurrencies right in the palm of your hand.
If all these are new to you, don't worry. Samsung SDKs are provided with full…
🚨⚠️
BITMEX had a serious email privacy issue today which caused some users receiving email addresses of other users in a general user update email.
https://blog.bitmex.com/statement-on-email-privacy-issue-impacting-our-users/
Plz make sure to safeguard your account with all authentication methods provided.
I have also received same email with almost 500+ other user email IDs in CC
Binance has also advised to change your email id of Binance if you used same id for BITMEX login.
https://twitter.com/binance/status/1190176334837735425?s=20
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
BITMEX had a serious email privacy issue today which caused some users receiving email addresses of other users in a general user update email.
https://blog.bitmex.com/statement-on-email-privacy-issue-impacting-our-users/
Plz make sure to safeguard your account with all authentication methods provided.
I have also received same email with almost 500+ other user email IDs in CC
Binance has also advised to change your email id of Binance if you used same id for BITMEX login.
https://twitter.com/binance/status/1190176334837735425?s=20
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
Rivex is pleased to announce their xOffice UI!
Take a look and let them know what you think over on @RiveXOfficial.
https://medium.com/@Liam_wan/erox-featuring-xoffice-1090223356f5
Take a look and let them know what you think over on @RiveXOfficial.
https://medium.com/@Liam_wan/erox-featuring-xoffice-1090223356f5
Medium
EROX — Featuring xOffice
A look into the upcoming xOffice suite
RUN...Saj...RUN
"When Investors Fight Back – Inside a Crypto Scam"
https://news.bitstarz.com/when-investors-fight-back-inside-a-crypto-scam
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
"When Investors Fight Back – Inside a Crypto Scam"
https://news.bitstarz.com/when-investors-fight-back-inside-a-crypto-scam
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
Forwarded from MultiversX - Announcements
Want to know more about @ElrondNetwork’s recent strategic collaboration with Samsung Blockchain?
💡Read @beniaminmincu’s twitter 🧵:
https://twitter.com/beniaminmincu/status/1191472313771802624?s=21
💡Read @beniaminmincu’s twitter 🧵:
https://twitter.com/beniaminmincu/status/1191472313771802624?s=21
Twitter
Beniamin Mincu ⚡
Elrond's strategic collaboration with Samsung Blockchain opens a huge adoption opportunity with potential exposure to millions of users down the road! We are thrilled to start this collaboration, here's why this is a big deal for Elrond 💡
Forwarded from 2key network News & Updates
True disruptive technology takes time
We have been working for over 2 years on the 2key protocol and our Network. Our work started slow with just Eitan coding, but over the past 2 years, we grew an amazing team of over 18 people that are all working day and night to make 2key reality.
We believe that small businesses should have the same chances as huge monopolies.
If you want to help us on our path to bringing Crypto to mainstream, join us.
Too many ICOs just talk, raise, and run!
We think there is a different and better way to bring innovation through tokenized startups. So if you like what we do and want to help, reach out to us on our Telegram, LinkedIN, or other social media channels. 🗝🗝
Join the @twokey_official channel
https://youtu.be/vjr6HkpE2YQ
We have been working for over 2 years on the 2key protocol and our Network. Our work started slow with just Eitan coding, but over the past 2 years, we grew an amazing team of over 18 people that are all working day and night to make 2key reality.
We believe that small businesses should have the same chances as huge monopolies.
If you want to help us on our path to bringing Crypto to mainstream, join us.
Too many ICOs just talk, raise, and run!
We think there is a different and better way to bring innovation through tokenized startups. So if you like what we do and want to help, reach out to us on our Telegram, LinkedIN, or other social media channels. 🗝🗝
Join the @twokey_official channel
https://youtu.be/vjr6HkpE2YQ
YouTube
2key : A Team Journey Through Code
This video depicts a visual journey through the evolution of the main 2key repositories through space and time, every circle is a file of code, and every beam of light from a team member is code being pushed into those files, some of which are already tens…
Regulatory Uncertainty Causes Indefinite Postponement of K.im Token Sale.
https://www.bitfinex.com/posts/430
After careful evaluation, we regret to announce that Bitfinex Token Sales and the K.im team have mutually agreed not to hold the token sale at this time.
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
https://www.bitfinex.com/posts/430
After careful evaluation, we regret to announce that Bitfinex Token Sales and the K.im team have mutually agreed not to hold the token sale at this time.
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
Forwarded from Marlin Protocol Announcements
Excited to co-host the Blockchain and Payments meetup in Bengaluru along with Harmony Protocol, Matic Network and IBC Media!
One of the biggest use cases for blockchain technology is the FinTech industry with a massive opportunity in the Indian market and on that front, we’ll be participating in panel session along with Harmony’s CEO, Stephen Tse and Matic Network on the Implementation of Blockchain in the FinTech space in India.
If you’re developer, business or an entrepreneur in the FinTech space looking to explore the possibilities of blockchain in your industry, this is for you!
Event: https://www.meetup.com/IBC-Media-Events-for-Blockchain-Developers-and-Startup/events/266201243/
RSVP: https://forms.gle/j9mn8FWuSfzMM5149
Follow, Like & RT: https://twitter.com/MarlinProtocol/status/1192019739956002816
One of the biggest use cases for blockchain technology is the FinTech industry with a massive opportunity in the Indian market and on that front, we’ll be participating in panel session along with Harmony’s CEO, Stephen Tse and Matic Network on the Implementation of Blockchain in the FinTech space in India.
If you’re developer, business or an entrepreneur in the FinTech space looking to explore the possibilities of blockchain in your industry, this is for you!
Event: https://www.meetup.com/IBC-Media-Events-for-Blockchain-Developers-and-Startup/events/266201243/
RSVP: https://forms.gle/j9mn8FWuSfzMM5149
Follow, Like & RT: https://twitter.com/MarlinProtocol/status/1192019739956002816
Forwarded from Polygon Official Announcements (Chandresh Aharwar)
#Community #Liquidity
According to a report by Hummingbot, MATIC is one of the strongest crypto assets in terms of liquidity!
Though MATIC’s position in terms of market capitalization is currently ~100, by volume MATIC token is ranked at position ~30.
Liquidity is one of the most important aspects of determining the health of any crypto asset. Whereas most smaller-cap cryptocurrency coins have low liquidity, MATIC is excelling in this department.
Read the full report here: https://cryptobriefing.com/liquidity-coin-hummingbot
Retweet: https://twitter.com/maticnetwork/status/1192092636158418944
According to a report by Hummingbot, MATIC is one of the strongest crypto assets in terms of liquidity!
Though MATIC’s position in terms of market capitalization is currently ~100, by volume MATIC token is ranked at position ~30.
Liquidity is one of the most important aspects of determining the health of any crypto asset. Whereas most smaller-cap cryptocurrency coins have low liquidity, MATIC is excelling in this department.
Read the full report here: https://cryptobriefing.com/liquidity-coin-hummingbot
Retweet: https://twitter.com/maticnetwork/status/1192092636158418944
Matic launches decentralized storage for Dapp developers by partnering with Moibit.
This collaboration will enable the creation of Dapps which combine on-chain transactions with off-chain storage. By using Matic’s blockchain scaling solution alongside MoiBit’s decentralized data storage network, Dapp developers are now being empowered to create Dapps which can effectively provide the mainstream population with verifiably secure, high-performance data storage.
Read more :https://medium.com/moibit/móibit-is-now-live-on-matic-network-as-the-decentralized-storage-partner-25c179dfd873
This collaboration will enable the creation of Dapps which combine on-chain transactions with off-chain storage. By using Matic’s blockchain scaling solution alongside MoiBit’s decentralized data storage network, Dapp developers are now being empowered to create Dapps which can effectively provide the mainstream population with verifiably secure, high-performance data storage.
Read more :https://medium.com/moibit/móibit-is-now-live-on-matic-network-as-the-decentralized-storage-partner-25c179dfd873
Forwarded from Polygon Official Announcements (Chandresh Aharwar)
#Community #ProjectUpdate
Announcing Matic Network’s Project Updates #7
This past month has been extremely busy for Matic Network, to say the least!
We've hit several key milestones on the technical development front, expanded our ecosystem by onboarding many top-tier Dapps, spread the word of Matic Network’s mission and progress at several high-profile events, and much more.
We’re one month closer to the mainnet and couldn’t be more excited for the month ahead!
Check out our teaser video with highlights from this past month 👀 https://youtu.be/Sa3CHa94Rvk
Read the full update here: https://blog.matic.network/matic-network-project-updates-7
Retweet: https://twitter.com/maticnetwork/status/1193922669801955330
Announcing Matic Network’s Project Updates #7
This past month has been extremely busy for Matic Network, to say the least!
We've hit several key milestones on the technical development front, expanded our ecosystem by onboarding many top-tier Dapps, spread the word of Matic Network’s mission and progress at several high-profile events, and much more.
We’re one month closer to the mainnet and couldn’t be more excited for the month ahead!
Check out our teaser video with highlights from this past month 👀 https://youtu.be/Sa3CHa94Rvk
Read the full update here: https://blog.matic.network/matic-network-project-updates-7
Retweet: https://twitter.com/maticnetwork/status/1193922669801955330
YouTube
Project Updates #7 | Matic Network
Matic network is a Plasma Implementation to provide side chain scalability solutions for public blockchains.
Matic Network strives to solve the scalability and usability issues while not compromising on decentralization and leveraging existing developer…
Matic Network strives to solve the scalability and usability issues while not compromising on decentralization and leveraging existing developer…
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VIEW IN TELEGRAM
‼️Announcing an official public AMA with CHROMIA in our community group @flipORhodlChat
👉 Join Public AMA at @flipORhodlChat
⏰ Date : 13th November, Wednesday
⏰ Time : 9:30PM IST
Timer : https://bit.ly/33KhrKw
🎁 Rewards :
Top 10 questions will be exclusively selected by CHROMIA team and will be rewarded $30 CHR tokens each.
More info you can find in our telegram community chat @flipORhodlChat
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
👉 Join Public AMA at @flipORhodlChat
⏰ Date : 13th November, Wednesday
⏰ Time : 9:30PM IST
Timer : https://bit.ly/33KhrKw
🎁 Rewards :
Top 10 questions will be exclusively selected by CHROMIA team and will be rewarded $30 CHR tokens each.
More info you can find in our telegram community chat @flipORhodlChat
Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat
About Bidesk Exchange :
--> Bidesk exchange is a digital asset trading platform that has been created to provide a secure and safe environment
for trading high quality tokens and coins whilst immersing users in a first class experience.
--> They intend to ensure this experience for all types of users; from beginners buying their first cryptocurrency,
to professional traders and hedge funds, by utilizing advanced matching engine, 24/7 customer support, and high-grade financial support services.
--> Bidesk believes the community, and users, have to be viewed as an essential priority. Therefore, strive to be a community-centric exchange, delivering a high class service to all customers, on a journey to become a brand name that people recognize, and trust, in the cryptocurrency sector.
--> Trading fees : 0.05% for the taker and 0.05% for the maker at large market cap coins.
OFFICIAL CHANNELS:
Website Link: http://www.Bidesk.com
Telegram Group: https://news.1rj.ru/str/bidesk_exchange
Low Public Sale hard cap : $160,000
#promotion #notafinancialadvice #makeurowndecision
--> Bidesk exchange is a digital asset trading platform that has been created to provide a secure and safe environment
for trading high quality tokens and coins whilst immersing users in a first class experience.
--> They intend to ensure this experience for all types of users; from beginners buying their first cryptocurrency,
to professional traders and hedge funds, by utilizing advanced matching engine, 24/7 customer support, and high-grade financial support services.
--> Bidesk believes the community, and users, have to be viewed as an essential priority. Therefore, strive to be a community-centric exchange, delivering a high class service to all customers, on a journey to become a brand name that people recognize, and trust, in the cryptocurrency sector.
--> Trading fees : 0.05% for the taker and 0.05% for the maker at large market cap coins.
OFFICIAL CHANNELS:
Website Link: http://www.Bidesk.com
Telegram Group: https://news.1rj.ru/str/bidesk_exchange
Low Public Sale hard cap : $160,000
#promotion #notafinancialadvice #makeurowndecision
Binance and HTC to launch crypto smartphones that support Binance Chain
👉Binance and HTC today announced a crypto smartphone that supports Binance Chain
👉The smartphone is a special edition of HTC’s EXODUS 1, which can run a full bitcoin node and has a built-in crypto wallet
👉The new phones will be on sale soon at $599
https://www.theblockcrypto.com/post/46651/615-am-est-tuesday-binance-and-htc-to-launch-crypto-smartphones-that-supports-binance-chain
👉Binance and HTC today announced a crypto smartphone that supports Binance Chain
👉The smartphone is a special edition of HTC’s EXODUS 1, which can run a full bitcoin node and has a built-in crypto wallet
👉The new phones will be on sale soon at $599
https://www.theblockcrypto.com/post/46651/615-am-est-tuesday-binance-and-htc-to-launch-crypto-smartphones-that-supports-binance-chain
CHROMIA AMA WINNERS :
@alttire
@ThePewDiePie
@cryptomoh
@Prarik_live
@quanminh98
@zaferce
@isumu5
@Hg144
@Kargil1999
@Nishuk10
Congratulations to the all winners.
plz connect with @anastasiazudina & provide her your CHR address to claim $30 worth of CHR tokens.
@alttire
@ThePewDiePie
@cryptomoh
@Prarik_live
@quanminh98
@zaferce
@isumu5
@Hg144
@Kargil1999
@Nishuk10
Congratulations to the all winners.
plz connect with @anastasiazudina & provide her your CHR address to claim $30 worth of CHR tokens.
$MATIC futures will be listed on crypto derivatives exchange Delta Exchange!
Users will be able to trade MATIC futures with up to 20x leverage through Delta's MATIC/BTC pair.
Sign up bonus of $10 is available.
MATIC futures : https://www.delta.exchange/app/trade/MATIC/MATICBTC
Users will be able to trade MATIC futures with up to 20x leverage through Delta's MATIC/BTC pair.
Sign up bonus of $10 is available.
MATIC futures : https://www.delta.exchange/app/trade/MATIC/MATICBTC
Rivex has reveled a teaser snap of a pretty cool and dope UI/UX for their upcoming WRDEX decentralized exchange.
More details and features of the DEX will be unveiled soon!!!
Plz share & retweet :
https://twitter.com/rivexfoundation/status/1195284873541382145?s=12
Also Rivex has announced an AMA tomorrow in their group for $5000 USDT reward pool ($500 per winner)😲🤑💵
@RiveXOfficial
More details and features of the DEX will be unveiled soon!!!
Plz share & retweet :
https://twitter.com/rivexfoundation/status/1195284873541382145?s=12
Also Rivex has announced an AMA tomorrow in their group for $5000 USDT reward pool ($500 per winner)😲🤑💵
@RiveXOfficial
Is Bitcoin Really Un-Tethered?
This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using algorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices.
https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3480263_code2267904.pdf?abstractid=3195066&mirid=1&type=2
This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using algorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices.
https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3480263_code2267904.pdf?abstractid=3195066&mirid=1&type=2
Ssrn
Is Bitcoin Really Un-Tethered? by John M. Griffin, Amin Shams :: SSRN
This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. U