I am nearly at the point where I want to withdraw some of my Publish0x earnings. They are not a lot, but I want to go through the process so that I can see if this site is as legitimate as it seems to be. All signs point to this being a good site for supplemental crypto income.
In order to withdraw I had to set up a KuCoin account. Initially I was very wary. My account was flagged for violating some rule. Potentially because I was using my work computer that has a VPN, but the site administrators would not tell me which rule I broke and there was no way for me to appeal the decision. Due to my breach of the rules I was not allowed to claim my bonus reward. Needless to say this is disappointing.
Regardless of how unfairly I feel like I was treated during onboarding, I migrated my interest gathering BTC from Binance to KuCoin so that I could take advantage of their higher daily interest rate. Binance tiers their BTC daily interest, so I wasn't really making much head way towards 1 BTC through that platform. I left my STAX, AXS and ALGO behind so I will still be using Binance atleast on a monthly basis.
After poking around on the KuCoin website I came across something called "Dual Investment". Which offers an APY that is frankly too good to be true. At time of writing the APY on Bitcoin is 143.68%. -eye popping stuff.
From what I think I understand about dual investment is that it is like a short futures contract. I pledge my Bitcoin and if the price in the future is above the strike price than I would receive some upside in BTC, but if the strike price is below than I receive an amount back in USDT.
I usually stay away from these get rich quick plays, but the staking period for this play is 2.6 days. I think the time risk is low, so I dipped my toe. If this is successful I continue to do so, but I will be siphoning my BTC gains to another platform. From everything we have learned in the last year. If its too it probably is, but If I can add 0.00078 BTC every 3 days I will be very happy.
If the Dual Investment works as I hope then I will chain perhaps 5 dual investments together before taking the gains off the table. Some risk is necessary to build, but it is important to take smart risks, and do everything you can to build in some risk management practices.
My referral code for KuCoin is https://www.kucoin.com/r/rf/rM3Y31U but you are probably already using that site.
You can follow my more in depth crypto journal on my other blog 1BTC: http://635ed752b3bfb.site123.me/
I started a twitter to discuss crypto stuff: @1BTCProject