Anyone try WalletCurve.com which provides bitcoin interest bearing account service?
They claim they earn interest through lending and reputedly pay interest in BTC for holding in their accounts daily. My friend told me he earned averagely 0.08% on daily basis in past two months, which is quite high. Just wondering if anyone has some personal experience with WalletCurve. Although their website and company linkedin page seem legit, I want to confirm they are legit before I invest. Website: http://walletcurve.com/ Linkedin: https://www.linkedin.com/company/walletcurve/
Anyone have experience with Bitcoin interest bearing accounts like BSave.io or Coinstaker?
Just wondering if anyone has some personal experience with some of these new accounts that reputedly pay interest in BTC for holding in their accounts, sometimes daily. While it sounds like a good way to hodl while earning, I am a bit leery about putting my coins in ant kind of control of anyone, as they can be too easily taken. Was wondering if anyone had some experience with any of them and how it was
ok so i have found some site that bear 3% per day interest on bitcoin so your bitcoin doubles in 24 days. first one: https://freshbtc.org 3% per day no matter what your deposit size is i have had no problem withdrawing and getting actual payouts from it. 2nd one: https://emicoin.com this bears smaller interest on any investment below 60.0 btc but deposits above 60.0 btc receive 3-4.5% per day cutting way down on the 24 day turn around i have tested removing me funds on here as well with no problems. if you are wondering how i get my "double in 24 days" math. the interest compounds based on 24hours from your deposit (not your original amout). so it you have $100 in btc in one day it will be multiplied times 103% equalling $103 dollars the next 24 hours will be $103X103% equalling 106.09. so it stacks. the only risk i can come up with is if the site is taken down or hacked while you have bitcoin in them. anybody think this is a good way to earn more quickly or is it too risky?
Many of us are waiting for the next big jump in the value of bitcoins and are saving our bitcoins for that glorious day when the price of a bitcoin passes $500. Until then, instead of leaving your bitcoins in a wallet gathering dust, why not make a profit on your stockpile of bitcoins without lifting a finger? We refer to them as savings accounts but our service is similar to Certificate of Deposits (CDs). CDs are similar to savings accounts in that they are insured and thus virtually risk-free they are "money in the bank". They are different from savings accounts in that the CD has a specific, fixed term (often monthly, three months, six months, or one to five years), and, usually, a fixed interest rate. We guarantee your deposited balance at all times. If our secure wallets are ever compromised we keep a backup of all deposits to replenish your account in case of a rare catastrophe. This is part of our effort to provide a high level of reliability and trust to our clients.
There are some exchanges that give you interest in BTC from lending them your BTC. At current levels it is not much. But if BTC moons, it would be like receiving hundreds of fiats per day (of course depending on how much btc you own). Has somebody thought about this? Would be nice to live off passive income from BTC. But also means not storing your own coins. That's my dilemma.
I like Square as a company and see a lot of people are bullish about it. However, a few things stop me from investing. Be interested to hear thoughts but at the moment I am a Square bear. Management Jack Dorsey is a visionary. I don’t think this is controversial. However, his track record at Twitter is worrying for shareholders. Be it daily active user growth, ambition with acquisitions but ultimately failure to monetise a fantastic platform where you have big corporations, celebrities and even the President reaching out to 200m daily active users for free. With Square, the closed loop business model of businesses and consumers is again a fantastic concept that could break the power of Visa/Mastercard. Execution remains to be seen, of course. Competition Square operate in a highly competitive field for consumers and businesses. Let’s take consumers based on Square’s fast-growing Cash App. It offers things a normal bank does like deposits, ATM access, money transfer. If it becomes a fully-fledged bank offering loans, credit; it is competing against the likes of big incumbents (e.g. JP Morgan, Bank of America). Granted they’re dinosaur firms but they already have a huge customer base that are older and, therefore, have more money and deposits. This means it is much easier for them to monetise their customers resulting in high ARPU. Why would these lucrative customers, en-masse, want to uproot their finances to Square when their existing providers will be providing the same service by copying Square, as JP Morgan have done this week? Link For businesses, Square’s provides software offering (invoicing, PoS, online store) but face strong competition from the likes of Shopify who are taking a fully integrated service approach to SMEs which allows them to take their business online but also manage all their backend processes, including payments. This is a highly convenient service for entrepreneurs. Shopify already has 6% share of the online retail market. Square also provides hardware products which make it easy for SMEs, in particular, to take payments. However, there is evidence that retail is facing a more permanent shift in the US vs. the rest of the world with 60% less footfall today than a year ago Link. 58% of Square’s GPV is from food/drink, retail and professional services. Square may have good market share but it is a shrinking industry. And as a final piece, competitors in both spaces are generally in very healthy financial shape: Paypal, Shopify, Global Payments, Western Union and big banks are well-capitalised. Valuation Perhaps you can get over the above with the fact that Square has strong network effects and are able to win customers cheaply. However, in my opinion, Square is priced for perfection. Simply looking at a price/sales metric, it is trading 13x LTM. This is high but maybe relatively reasonable for a fast-growing business. However, 25% of Square’s revenue is accounted by Bitcoin “revenue”. This brings little value to Square (2% gross profit) and even Square themselves discount this revenue in their KPIs because it is “out of their control and not reflective of Square’s performance”. Now onto profits. It is not fair to be too hard on Square’s profitability. After all, it is in high growth phase and its marketing costs were its highest opex line item at roughly 35% for YTD. However, a cursory look at it is Enterprise Value / EBITDA (forward look to Dec2020), it is 242x. If we give credit for Square’s business plan for a further two years, today’s Enterprise Value over broker consensus forecast EBITDA for 2022, it is still a heady 77x. This is when Square is supposed to have EBITDA of $1bn which is three times more than it is forecast for Dec 2020. Priced to perfection. If you compare it to Paypal, it is trading at 39x and 27x EV / EBITDA for Dec 2020 and 2022. Conclusion Square has formidable backers like Ark Invest. I am also not a great believer in “dumb retail” overvaluing a stock for a prolonged period of time. But for reasons above, I am cautious with Square and yet it keeps climbing so please tell me what I am missing…
While interest-bearing custodians may have the morals and vision not to practice fractional-reserve banking the short-term, we believe that in the long-term people and companies follow their profit incentives and so all companies, no matter their reputations or histories, will eventually be disposed to put your Bitcoin at risk, over-lend it, or come to see it as their own. Of course, there’s always systemic risks to take into account, but the reality is that you have to be a little tech savvy to understand this kind of stuff. That’s why there’s always room for fraud. For the pessimistic, the interest-bearing accounts are a momentary craze to cynically ease losses during a bearish market. For the ... A bitcoin savings account is a place to safely deposit coins to earn interest or save for the future. It is especially useful if you plan to use bitcoins later. If you expect bitcoin value to increase, the right place to store your coins is in one of the crypto lending accounts, a sort of a crypto bank. Bitcoin IRA to Offer Interest-Bearing Cryptocurrency Accounts to Clients . Reading Time: 2 minutes by Aisshwarya Tiwari on October 22, 2019 Bitcoin. In a press release issued on October 21, 2019, Bitcoin IRA, a firm that claims to be the world’s first, largest and most secure digital asset IRA technology company, announced that it had partnered with cryptocurrency trading and lending firm ... Interest-bearing crypto accounts could bring new people into the space. Therefore, in a cryptocurrency lending company that operates with high borrower standards and robust cybersecurity measures, the primary risks associated with becoming an interest-bearing crypto account holder are not necessarily liquidity- or custody-related.
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In this video, I take you through the Blockchain.com wallet's Earn Interest account, where you can earn up to 4.5% on Bitcoin you deposit and hold with them.... RENTE op BITCOIN?! Blockfi interest account tutorial & review Geld verdienen met je Bitcoin zonder te traden, bekijk onze Blockfi interest account review! ... Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 134 watching Live now Notes Payable (Zero Interest Bearing Note, Payable In Installment Payments, Capitalized Value) - Duration: 12:49. How to earn interest on your cryptocurrency! Bitcoin and other types of crypto included. Don't just store the crypto you're holding in a wallet, where you NOTHING! A crypto savings account allows ... CHECKING ACCOUNT BASICS, This video explains the basic principles of a interest bearing checking account and gives you some of the key features of this type ...