Seems too good to be true, right ? Well off course it sort of is, but not quite :)
However, what I am referring to here, is doing absolutely nothing (at least nothing that smells like work) and still earn money. And the most simple way (next to stealing, cheating and other kinds of Frauds) that I now of is simply earning interest while your money is sitting there..
So, One of the biggest, trusted and oldest wallets out there (blockchain.com) is now offering 12% interest annually on the stable coins Tether and USD digital.
What is blockchain.com ? It offers easy bitcoin wallets securely, i.e. they DO NOT have the passphrase or access to your wallet. Simply put, if you lose you password to your wallet, the cannot recover it for you, because they DO NOT KNOW IT and are unable to reset it. It is the biggest wallet and oldest wallet provider out there.
And they recently started to offer interest on selected coins.
- Bitcoin -> 5%
- Ethereum -> 5%
- Tether -> 12%
- US Digital -> 12%
Also they now have coupled an exchange to the wallets t and the possibility to buy and even swap crypto directly.
So if you are unsure what to do with your crypto, you can just open a wallet there (remember to write down the backup phrase, because it is YOUR wallet, not theirs), transfer your Bitcoins or Ethereum there, and Hold + enjoy 5% interest per year. You can also opt to swap it to Tether or US Digital and earn 12 % per year (i.e. 1% per MONTH) of interest. You can also borrow US digital for 5% interest per year if you put up a crypto collateral of twice the amount...
So yeah, there are other exchanges now slowly also offering these interest rates, but the problem with almost all of them is that they control your wallet.. If they get hacked, your money is gone. With blockhain.com you alone are responsible fro your wallet, and the only person to blame there when your wallet is hacked, is yourself...
hope you like this piece of information,
greetings,
B
