I’ve been on the journey looking for the best way to earn crypto and have my crypto earn for me, for over a year now. I’ve tried multiple platforms and various different avenues some with better results then others.
Like many I’ve entered the world of crypto during the last high and have been on a downward trend ever since. But I’m hopeful, though it may take time and though I don’t know for certain which platforms will make it through the tough times, I’m fairly certain that crypto is the future of finance and blockchain technology is the future of the internet. I think it’ll be long winter probably up to two more years but I think we’ll make it out.
So for those of us who don’t have more available funds to “buy in the dip” and who are hurting from previous losses here’s what I found to be the highest yielding method
I’m in no way vouching for KuCoin as a safe platform to hold your crypto assets, especially after the FTX explosion, so definitely do your own research before moving your assets to, or deciding to keep them with KuCoin.
With other staking methods and platforms I was averaging at a 4% APY with the advantage of feeling like my assets were more secure but as I saw the rate dropping I was looking for other options.
KuCoin lending has been yielding much higher returns. Even now as some of the lending is at a much lower interest rate the KuCoin promotions is still much higher than any of my previous staking.
It’s difficult to say exactly what the annual rate is because lending is in intervals of 7, 14, and 28 days, so it fluctuates, but I can definitely say that over the past few months I’ve lent at rates between 8% and 28% !
In summation, out of all the top platforms out there, personally I think KuCoin is a little risky, (it’s not a u.s. company which we’ve seen in the fall of FTX does carry significance), but there definitely are high rewards and lending on kuCoin can be automated.
This definitely seems like one of the higher yielding options, to grow your crypto portfolio in this down time, though this is definitely not financial advice, just putting this out there for you to do your own research.
