How can you make money with Bitcoin
Given the ECB's zero interest rate policy 5 ways to make money with bitcoins
If you are convinced that the price of Bitcoin will rise soon, it is advisable to purchase coins. Bitcoins are bought through exchanges. Since there are different providers who have different conditions, it is advisable to carry out a Bitcoin exchange comparison in advance. However, there are other ways to make money with Bitcoin.
How promising is crypto lending?
To begin with, it should be noted that crypto lending is a very interesting option when it comes to investing your money profitably. However, this form of investment can only be recommended to opportunity-oriented and risk-conscious investors.
© iStock.com / Bit7654
Bitcoin offers many opportunities.
Before deciding on a suitable platform, it is advisable to take a look behind the scenes. That means what returns are promised and what the fee model looks like. In addition to a comparison, it may also be helpful to take a look at the test and experience reports that can be found on the Internet.
There are a few high-yield platforms and ways to make money with crypto currencies, such as Bitcoin, but the risk should not be underestimated. Because high profits are possible, but losses are also possible. Therefore, only freely available capital should always be invested.
Nexo offers a fixed interest rate
There is no variable interest payment here. Nexo, a company based in Estonia, guarantees investors an interest rate of 8 percent. Customers can invest in stablecoins (USDT, USDC, TUSD or PAX) as well as in fiat currencies (euros, US dollars). Nexo also guarantees access to the deposited money at any time. That means the money is not tied up.
Celcius - the direct competitor to Nexo
Celcius is the direct competition from Nexo. Here, too, you can deposit your money in stablecoins and look forward to a very attractive interest payout. However, there are conditions that depend on the deposit. As a rule, the return is 7 percent / year.
You don't necessarily have to work with stablecoins, you can also deposit your money in Bitcoin and other crypto currencies. It should be noted that here, however, there is only a return between 2 percent and 3 percent / year. The conditions for Ripple are 2.9 percent, for Ether it is 2.8 percent and for Bitcoin 3.05 percent.
Crypto.com advertises with 6 percent
A return of 6 percent / year is offered by Crypto.com. If you want to earn money with Crypto.com, there is also the option of depositing your money in stablecoins as in crypto currencies. Here, too, USDC, PAX as well as TUSD and Bitcoin, Ripple and Ether are available.
Blockfi: Choice is disappointing
Blockfi is another well-known platform in the lending area. However, it should be mentioned at this point that the opportunities to earn money through Blockfi are quite limited. Because just recently, only two digital currencies were accepted here: Ether and Bitcoin. The conditions vary with the number of coins. Every investor who holds less than 10 Bitcoin coins receives 6.2 percent. If there are more than ten coins, it is only 2.2 percent.
Big profits are possible, but so are losses. Therefore, only freely available capital should always be invested. "
There are similar conditions for ethers. The investor receives 4.1 percent if it is less than 100 coins. With over 100 coins it is just 0.5 percent.
Coinlist promises a return of almost 6 percent
To start with, Coinlist should be a platform for raising capital. Today, however, there is a lot of mixing in the area of stablecoins. So you can earn 5.84 percent / year with the classic stablecoins (TUSD, USDC or PAX as well as GUSD).
You can also deposit money in crypto currencies via Coinlist. The range here is between 2.92 percent (Bitcoin, Ether) and 5.11 percent (Ripple). Conlist makes a relatively large offer available, which is also supplemented at regular intervals.
- What are some good therapeutic hobbies
- Can the holographic principle realize the Mach principle?
- Does the volume affect a share price
- Can nootropics increase working memory
- Why do you need public relations
- Which sports bra is good for running?
- What factors make civil war inevitable?
- Which country has the weakest army?
- How to Buy Students Online Assignments
- Why am I so irritable after school?
- What started the chemtrail conspiracy theory
- What is Adobe's Best Photo Software
- What are the best books on America
- How do you grow in 15 minutes
- Why do planets need moons
- What is a payload analysis
- What are signs of dominant behavior
- What is the screening or shielding effect
- How to charge the crown chakra
- What is the TAVR procedure
- How does cannabis sativa affect the brain
- Content writing is a good career
- Is it legal to drive limousines on Indian roads?
- What do you wear for personal safety