First of all thank you for my warm welcome yesterday.
I need some advice and i hope some of you can help me.
Since some weeks I was reading in DeFi. Again I was surprised that I didn't see this earlier. It felt like I missed the boat again, just like buying BTC 10 years ago.
My best move I made was creating a Stxxx/Hive account years ago. This saved me from making a lot of mistakes.
I have an account with some crypto savings on Blockchain.com. To my surprise I saw that they also have the option available to earn interest.
As you can see they offer a 13% interest on USDT/Tether
In Holland the interest on a bank account is 0.01% so actually nothing.
What would stop me to put some saving money from my bank account into Tether and start earning a 13% interest?
why should i do or don't do this?
(I know the rule: only afford what you can loose)
I wish you a very nice day and hoping for some good feedback.
Regards,
Ron
Posted Using LeoFinance Beta
They offer "up to 13%" - that is a huge difference!
Why not buy LEO instead and earn about 15% with curation?
Good question, but it is the same reason why i didn't buy more btc years ago. I have a partner who is not such a crypto enthousiast as me. she thinks it is just air and thinks it's not real.. So I am not able to buy cryto without having some hard talks ;-). But USDT is more stable and I am hoping that it will convince her that 13% is more then 0.01% now at the bank.
Posted Using LeoFinance Beta
Poor you. I am happy that I have control over my money.
Tell her, that if you didn´t had heard to her and bought Bitcoin 2 years ago, you would have made >500%.
it's our money.. sooooo
Posted Using LeoFinance Beta
There are many platforms that offer staking rewards for USDT or BUSD or other stablecoins. What you need to take in account is 1- whats your goal for the short/long term? 2- how much risk are you confortable with?
If you want to feel "SAFE" i would go with the staking offered by one of the top 3 exchanges (For example: Binance). Binance offers 6% APY on your deposits (i would say with almost NO risk).
Good luck, and forget about the banks!!
Posted Using LeoFinance Beta
Yes you will decrease the risk as usdt is stable token
But their will be no more gains
Stable profits
Why not staking bnb or leo and their price is expected to increase so You won from both sides
Posted Using LeoFinance Beta