Crypto.com

[Anonymous No.22203958]

Whats the catch? Do I really earn an easy 8% interest if if just shove all my crypto on this?
what could backfire?
Why does no one on /biz/ talk about sites that earn interest like CRO or Celcius
???

[Anonymous No.22204129]

Catch is that if they were to go under, you might lose your money. That being said using reputable firms like Crypto.com, BlockFi, Nexo, etc. is quite safe imo. People are much more likely to lose their private keys.

These are great options for HODLers

[Anonymous No.22204169]

>>22203958
8% p.a?

[Anonymous No.22204211]

>>22204129
i have about $350,000 in cold storage. Should i just transfer all of it to Crypto.com, Blockfi, and Nexo then?

[Anonymous No.22204239]

>>22204169
Yeah, p.a., picture has full list of interest rates on crypto.com

[Anonymous No.22204274]

>>22204211
Well I would.

[Anonymous No.22204308]

>>22203958
Made $10k on my link stack staked at 6% for three months
Faggots on here love to fud Crypto.com for some reason but I like them a lot the Visa card is cool
Considering doing another three month term but was looking into DeFi staking options as apparently risking my link on a centralised exchange makes me a fucking retard according to /biz/ pussy fart financial
I haven’t found any that can match 6% on stinks yet though any suggestions

[Anonymous No.22204342]

>>22203958
8% isn't much though, I could just buy an appartment and rent it for 8% or more

[Anonymous No.22204383]

>>22204308
>I haven’t found any that can match 6% on stinks yet though any suggestions

You haven't looked very hard then.
Deposit Link on AAVE, get aLINK.
Deposit aLINK on yearn earn 45% APY.

[Anonymous No.22204457]

>>22204383
Ive heard about this but in the last thread it got torn down by spergs saying it’s too risky because the devs will cuck me somehow

[Anonymous No.22204474]

>>22204342
Well you can get up to 14% on stablecoins. Up to 8.5% for btc.

If you buy an apartment you won't be able to keep your crypto and will lose out if it pumps.

[Anonymous No.22204537]

>>22204239
There’s a max cap on much you can put on, link is only $1000 maxcap

[Anonymous No.22204606]

>>22203958
Man, you know why people things this is a scam, because of it's name.
Crypto.com sounds like those early Internet catchy websites with generic names like eg: porn.com, but this shit is legit, has been out for a while, buying system is the Best, no fees atm, safe wallet and a ton of benefits.
If you are not using crypto.com you are Either retard or dont want to make it.

[Anonymous No.22204646]

List QNT you crypto.com fuckers!

[Anonymous No.22204650]

>>22204474
Oh so you meant that you just stake your link on crypto.com for 8% ? or do you need to stake their own token?
desu not comfy with either, can't sell my link because I don't want to miss on the 4th IR and won't send them to a centralized exchange because not retarded.
I could time at least 1 perfect x2 swing a year in crypto, some are obvious as fuck if you lurk here 24/7... Last year it was matic, this year hashgraph did a x2 after google news, lately sxp did x4 after binance acquisition (sxp doesn't count since link was also mooning then...) but you get the point... just lurking for news like binance acquision or google or coinbase listing can get you 1 x2 a year, even a simple +10% is easy as fuck to do in crypto, and less chance to lose your linkies to crypto.com

[Anonymous No.22204683]

8% each 3 months?

[Anonymous No.22204696]

>>22204457
I mean the risk is as high as leaving it in crypto.com imo.

AAVE and yeanr have been audited so should be safe in theory.
But obviously this is crypto, shit gets hacked left and right, so it's up to you to decide.
But considering one gives you like 7-8x returns atm I know which one i'd pick.
You could expose yourself for just 1 month vs 8 months for the same returns.

[Anonymous No.22204706]

>>22204342
>buy an apartment
> RENT IT
ok boomer

[Anonymous No.22204802]

>>22204696
>the risk is as high as leaving it in crypto.com imo
The Best analogy to this is, using crypto.com is like saving your money in a bank, while aave it's like putting your money under the bed of your jew neighbor.
There is no comparation point.

[Anonymous No.22205020]

>>22204802
I disagree with that analogy, considering Aave is decentralized, overcolaterized and insurable.
But everyone sees it differently and that's fine.
Plus you can get insurance on not just aave but yearn now too.

[Anonymous No.22205078]

>>22204696
Can you redpill me on AAVE and Yearn please? How do you make your money? Do they lend it to others for interest? is it all automated by a smart contract so that they can't go all kike ? What if I stake my link there and they lend it to others and those people don't pay it back and it moons?

[Anonymous No.22205342]

>>22205078
On Aave if they don't pay it back or their colateral falls in value, and goes below a certain percentage of their loan value, their colateral get liquidated to pay back the lender in whole.
Yearn vault just automates everything to earn the best possible yield on your investment, and pays it back into the vault for the vault asset.

[Anonymous No.22205638]

been staking for 1.5years without issues. Free spotify and netflix since then

[Anonymous No.22205771]

>>22205342
Ok, I really need to catch up on crypto, accumulated 50k link through 2017-2018 and stopped checking how new stuff works, so theoretically the only point of failure to lose your funds is if their smart contract contains an exploit and some hacker steals everything? I mean that from a financial point of view you can't lose your funds if the smart contract itself is secure? (like if a bank goes bankrupt because lots of people are cashing out and it needs the central bank to save it by printing funds)

[Anonymous No.22205827]

>>22204696
Yearn doesn't give anything like 7-8x. Maybe 40% APY.

[Anonymous No.22205861]

>>22203958

Swipe gives something as well I believe. I don't remember the exact details. It might only be on the SXP token but its like 12%

[Anonymous No.22205901]

>>22204211
Not all, I'd say about 25% for a start is good. eggs and basket and all that.

[Anonymous No.22205919]

>>22204383

Is it really 45% APR right now? I tried finding the exact info for the vaults before I put anything in it and couldn't get find anything

[Anonymous No.22206102]

>>22204537
No thats a load of bollocks...

There is a max stake and its $1 mil total crypto in their earn plan you moron. Learn to read.

[Anonymous No.22206176]

>>22204211
I have my 15k link on there earning 6% pa and also 18% on 50k cro

Been pretty comfy till now

[Anonymous No.22206284]

Would it be better to take a 50% stablecoin loan against link right now and buy more or just deposit it in the yfi vault? I'm leaning towards the former.

[Anonymous No.22206769]

This will bust. Get out till you still can.

[Anonymous No.22207229]

>>22204239
those are old rates
it's better to use celsius/nexo now

[Anonymous No.22207258]

>>22204129
>if they were to go under, you might lose your money
why?
Aren't your funds assured?

[Anonymous No.22207301]

>>22206176
>I have my 15k link on there earning 6% pa and also 18% on 50k cro
aren't you afraid of your Linkies being stolen?