/biz/ - Business & Finance

Not your keys...

>>19692140

Yikes. You're a fucking idiot.

>>19692155
mt gox 2

>>19692164
I've held CRO since .03 and earned 14% interest on it. I have already took out my principle and get paid 3% back in MCO by using their card for my everyday items I'll be buying anyway. stay salty

>>19692155
They let you withdraw your crypto now dumbass. Get better fud faggot.

Bitconnnnnect.

Ahhh, that's cute. You guys are trying to figure out how to earn interest in crypto. Hmmmm...

>>19693379
Do they have a card?

>>19692234

Cool story retard.

>>19692234
You sound like it’s not a huge risk to be making

If someone promises you 15% interest on something and your alarm bells aren’t going off you’re a bit retarded

It’ll work until it doesn’t, and you don’t want to be bagholding by then

>>19692140
They’re borrowing crypto from you, paying you twice the interest that junk bonds would pay, and have to pay you back in crypto. This is a Ponzi scheme that is also simultaneously shorting the best performing asset class in the history of mankind. I can’t even describe how dumb it is to give them your money.

>>19692140
Yes, hello no scam department?

>>19694636
>You sound like it’s not a huge risk to be making
you sound like investing doesn't involve risk.

>>19694555
>>19694636
>>19694702
>>19694766
hate on it while CRO slowly climbs to top ten coins

ISHYGDDT

>>19694787
Good too see another Cro holder and not just another uniswap thread

>>19694846
Why can't you use their service via a PC? The idea of moving lots of link via my cell phone freaks me out for some reason.

>>19692140
Anybody using crypto.com/blockfi or similar services are dog shit stupid. You are going to get goxxed at some point. Also, what do you think they want your crypto for? They are loaning your bitcoin to short sellers or speculating with them. Guess what happens when someone fucks up? You aren’t getting your Bitcoin back. Risking your Bitcoin that has a potential to 100x over the next decade for 5-15% a year is beyond fucking stupid. I am telling you, if Bitcoin goes on a massive bull run, these platforms WILL lose some or all of your Bitcoin.

>>19694846
It'll probably be one of the most widely used app for crypto I've been holding CRO since .03 and not letting go anytime soon

>>19694882
Been holding since 0.065. Comfy as fuck

Not letting go either for a long time.
Will see how Cro does in the years to come but I expect it to slowly reach the top.

>>19694877
Not sure to be honest.
You should be fine moving your linkys.

Just make sure to triple check the address when sending and make sure it's correct.

>>19694954
I see it slowly reaching the top as well, I already got all of what I put in back and more. I think it could reach 1.00 over time

>>19692764
Yes but to gain interest it still has to be held in THEIR wallet - you dumb fucking nigger - still a custodian based scheme you absolute fucking cunt.

>>19692140
Those guys are way overdue for a haircut

>>19692140
>he thinks crypto stored on crypto.com is part of his holdings.
Not your key not your crypto

>>19692140
>>19692155
Is there any platform out there from which you can earn interest/lend and keep your keys?

>>19696115
>19696115
yeah thats what all this defi stuff is about.
the idea is to lock it in some sort of smart contract instead of trusting it a scammy company.
literally keeping your keys wont be happening, because then its still yours to move, right?

>>19696223
But smart contracts can get hacked and you lose all your money? We've already had multiple cases of DeFi projects getting hacked.

I've read that Crypto.com is insured and them being under so much spotlight and regulation I don't see why or how they would scam anyone.

So what's really the safer route here?

bros, I really don't know what to do about this.
My card shipped this week and I have about 140k USD in Link holdings.
If I transfer half of that into CDC, stake 500 MCO and lock it all up, then I can make 6-8% p.a. That's about 5k a year.That covers the cost of buying 500 MCO, which at the end of the day is an asset I hold. The passive 5k a year is enough to cover my rent. Or that just means extra Linkies for me for the eventual singularity. Plus there are the other ecosystem benefits of holding MCO.

Is it worth the risk?

>>19696343

>>19696385
excuse me, but who are you?

can someone in detail describe how it works? how the process is from registration to getting interest

>>19692140
>crypto.com
>"earn up to 18% p.a.!"
right next to it
>"earn up to 8% p.a.!"
This looks like garbage.
I guess you "earn" interest on collapsing coins that are being shorted and thus most likely cratering, while the platform takes a substantial commission.
How is it different to all other platforms that turned out to be scams?

>>19696608
Pretty sure they aren't just lending it out but staking it to mine more.

>>19696293
>Crypto.com is insured
its not insured, literally read the fine text under their earn page, they explicitly say your funds are not insured and theyre not liable for compensating you if it goes missing

>>19696642
>they explicitly say your funds are not insured and theyre not liable for compensating you if it goes missing
The first part is true but the second one is not
They don't explicitly say "theyre not liable for compensating you if it goes missing"

So what's up with this page
>https://crypto.com/en/security.html
Who are these hundreds of millions of dollars of insurance policies for?

"This will significantly expand security protection for Crypto.com’s growing user base, which has just surpassed 2+ million, against physical damage or destruction, and third-party theft."
>security protection for Crypto.com’s growing user base
>against physical damage or destruction, and third-party theft

>>19696735
as far as I understand, the first part isn't even true.
They aren't insured by government insurance, but they do have private insurance on their assets.
It's like Binance's insurance. And what did Binance do when some funds were divulged through low volume shitcoins? They made good on it.
There is no explicit agreement here, but there is insurance.

>>19696770
>>19696735
>>19696642
The card is FDIC insured which is through Metropolitan commercial bank, who probably wouldn't partner up with someone if they feel it might tarnish their name due to scum behavior. Where can you get your crypto insured?

It's a great app to use to buy and sell crypto and also use it to buy things for everyday items. Not sure why all the hate from people, maybe it's not available in India yet?

With investments comes risk we should all know that

>>19692140
NYKNYC

>>19693379
Hex cant be spent anywhere visa is accepted, nice try Chaim.

>>19696343
Yes. Ignore all the retarded FUDers here who haven’t the cranial capacity to do their own research. Crypto.com is a legit project and they’ve been going from strength to strength. Never put all your holdings in, but you should feel comfortable with half for now. Each 3 month session, reassess how the company is doing and make a new judgment.

>>19692140
I can't wait till this shit falls apart and normies get rekt once again while defi Chad's continue fucking that prime pussy

>>19694636
I would say the same thing, but consider the following:
>7% non-inflationary staking roi with growing adoption (even on a government level)
>1/2 the earnings of VeChain but only 1/50 the market cap
>already bullish tokenomics soon to be improved upon, inspired by AAVE and kyber-network
So, as you can see, >7% roi is easily doable even by staking amazing tokens like LTO.

so this is only worth it if you have substantial holdings (substantial in USD). earning passive income to cover rent sounds sweet though

>>19692140
>he brags about 4% locked for three months
okay crypto.com normies, your interest rates suck for the most part
hotbit is currently the best, it literally has the following:
15% for USDT; 10% for ETH; 8% for XRP; and many many more for legit coins, semi-legit coins, rising coins and moonshots, some shitcoin there even has around fucking 100% APY
most don't even have lockup. i don't know about the rest, but when they said the 10% APY for ETH was supposed to be for 30 days, I took it out after just a few days and they let me do so without penalty
Even Celsius is better than crypto.com
afair crypto.com's only slight advantage is on BNB and LINK and that's currently a measly 4% APY locked for three fucking months

>>19696293
>I don't see why or how they would scam anyone.

Because money.