Celsius Network, Nexo, Blockfi, etc.

[Perrin Aybara]

Anyone used Celsius Network, Nexo, or Blockfi for drawing interest on cryptocurrency? Or anything else? I've been looking at these three the last few weeks and test running a small amount on Celsius to see how it goes. Not sure how comfortable I'd be with large amounts as I usually use a hardware wallet, but curious as the interest rates are really good.

 

[Sampei]

Celsius is the only one I would trust compared to blockfi and nexo, especially nexo super shady.

Celsius faster whitdrawal no fees and best interest rate

 

[Perrin Aybara]

Celsius is the only one I would trust compared to blockfi and nexo, especially nexo super shady.

Celsius faster whitdrawal no fees and best interest rate

I put a small amount in Celsius a few weeks ago. They've paid out interest every Monday so far. Probably will put more in when I start to cash out my bitcoin. The 12.5% on stablecoins is pretty great.

 

[Sampei]

Yeah if you are on the US the usdc stable coin rate is great.
I'm EU and buying coins pegged to USD can be tricky especially because the USD will lose value Vs EUR in the next few months years and so I'll lose more then the one I make from the interest : /
Don't use tether tho because that stable coin isn't stable and it's a scam.

 

[Perrin Aybara]

Yeah if you are on the US the usdc stable coin rate is great.
I'm EU and buying coins pegged to USD can be tricky especially because the USD will lose value Vs EUR in the next few months years and so I'll lose more then the one I make from the interest : /
Don't use tether tho because that stable coin isn't stable and it's a scam.

I stay away from Tether. I'm using USDC. Would use Dai too.

I'm wanting to try out some defi exchanges soon too. AAVE in particular. Once I start to cash out some bitcoin I'd like to spread some out over a few places.

 

[Sampei]

Check out BSC pancakeswap and autofarm with the eth gas fee trough the roof at the moment this are good alternative especially if you wanna farm/stake stable coin (busd/dai/usdc)

 

[Perrin Aybara]

Check out BSC pancakeswap and autofarm with the eth gas fee trough the roof at the moment this are good alternative especially if you wanna farm/stake stable coin (busd/dai/usdc)

Is it similar to Uni? I've never used it, but have looked through it and got Metamask for that reason. I've been hearing it's a good alternative with less fees.

 

[Sampei]

Is it similar to Uni? I've never used it, but have looked through it and got Metamask for that reason. I've been hearing it's a good alternative with less fees.

Yeah works mostly the same, just a bit of fiddling with metamask to active the BSC chain etc. Lots of guide or video to learn fast how to do it.

 

[sinewave3]

Anyone used Celsius Network, Nexo, or Blockfi for drawing interest on cryptocurrency? Or anything else? I've been looking at these three the last few weeks and test running a small amount on Celsius to see how it goes. Not sure how comfortable I'd be with large amounts as I usually use a hardware wallet, but curious as the interest rates are really good.

I am currently doing the lock up on Crypto.com for 4% on cro. Not much compared to some of the other stuff, and cro is not real hot. Also staking some other coins elsewhere.

Thanks for posting Celsius and Blockfi, looking those up. I did see some impressive rates on stakingrewards.com but many look like coins too small for my taste.

Coinbase just emailed me offering 7.5% on etherium staking coming soon but don’t know all the details yet. I think it’s 10% apy if you stake it your self, but then the minimum is high.

 

[Perrin Aybara]

Celsius Network is supposed to roll out an insurance policy soon. I opted in to see what it's about.

 

[Sampei]

Nexto just got sued lol I hope you guys don't have stuff there, if you have... Abandon ship