I put a little bit of fiat into Blockfi and bought some BTC. I understand the risks since its not exactly in my own wallet but it was an easy process. It was more of an attempt to try out the system. So far my investment from then is doing quite well as BTC has had a huge run up in price and I did get some interest.
I did see a post about how Blockfi is changing their interest rates for some of the bigger BTC holders but I didn't put that much in. I have watched a few interviews from their CEO and their model does seem pretty solid. I do think they did need to raise some money due to probably loaning out too much money versus the huge volatility spikes.
As for the rest of the systems, I have not used them and I know some of them have even better interest rates. However I have yet to do enough research into them and personally I don't know if I want to average in my BTC after the run up (risk/reward isn't so great).
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A wise choice, I don’t actually like these platforms when the price is moving up they serve you far better when the price is moving down because they need to secure capital so those interest rates get a bump and with higher rates means higher sat amount each months which is all I care about
Many of these platforms are well funded but I wouldn’t say they profitable which we will have to see how thay works as well as if banks start to compete or bigger fintech like say a PayPal
For now I just want to see Sats added to my account regularly while I wait for lightning to get more adoption so I can move my Bitcoin much easier