Today, I listened to the Leo Roundtable, and one of the topics was how to earn interest your Bitcoin. They briefly discussed Nexo and BlockFi as options. A lot of people are not too keen on these custodial services, but I鈥檝e used them for a while, and feel fairly comfortable with them. I use BlockFi, Nexo, and Celsius! Below, I will take a brief look at each:
BlockFi
As of today, they are offering 6% on your Bitcoin! Their custodian is Gemini, and 95% or crypto is kept in cold storage! If you wanna give them a try, Sign-Up here, and get $10 in BTC!
Nexo
Nexo currently offers 5%- more if you stake some Nexo! BitGo is their custodian and they carry a $100 million insurance policy from Lloyds!
Celsius
They offer the best rate @ 6.20%. Fireblocks and PrimeTrust are their custodians and both provide insurance on assets. If you wanna give them a try, Sign-Up here, and get $20 in BTC!
Conclusion
Yes, these sites carry some inherent risk, but they鈥檙e a option to consider. I just don鈥檛 keep much on these sites, and spread out my risk. Always do your due diligence, but if you want to earn some daily Sats, maybe give these sites a try!
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