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Started By
Message
Crypto companies high APY
Posted on 8/1/21 at 11:01 am
Posted on 8/1/21 at 11:01 am
Do any of you guys trust these high APY offered by companies like Voyager, donut and Celsius?
Seems too good to be true. Only cash in USD is FDIC insured.
I'm too scared to take the chance
Seems too good to be true. Only cash in USD is FDIC insured.
I'm too scared to take the chance
This post was edited on 8/1/21 at 11:28 am
8
Posted on 8/1/21 at 11:43 am to glorymanutdtiger
There is risk of the company going bankrupt or a massive liquidation event causing issues. I have all my cash that would be sitting in a bank, on Celsius in a stable coin getting 8.88% interest. I have some of my bitcoin and LINK there as well. However, I'm more conservative than many in the crypto thread so I only have a small percentage of overall funds staked.
Posted on 8/1/21 at 11:47 am to TigerTatorTots
I have my emergency fund sitting in savings and thinking of taking a chance of some of the cash. Voyager is offering 9% on USDC.
Posted on 8/1/21 at 12:02 pm to glorymanutdtiger
quote:
too scared to take the chance
too much estrogen
Posted on 8/1/21 at 12:11 pm to glorymanutdtiger
Congrats on the 0.25%
Posted on 8/1/21 at 12:20 pm to glorymanutdtiger
I'd trust voyager the least out of them all fwiw
I've used Celsius blockfi and nexo for two years now and zero issues
blockfi is owned by fidelity I believe
I've used Celsius blockfi and nexo for two years now and zero issues
blockfi is owned by fidelity I believe
Posted on 8/1/21 at 1:02 pm to glorymanutdtiger
I’m close to pulling the trigger with some cash, too.
Posted on 8/1/21 at 3:01 pm to glorymanutdtiger
Definitely trust it and love it. I got my crypto interest today - 102 ADA just for holding it with Voyager.
Posted on 8/1/21 at 4:00 pm to rocket31
Voyager is a shite company
Posted on 8/1/21 at 4:49 pm to Got Heeem
What's everyone's thoughts in kraken? Got my sol staked there
Posted on 8/1/21 at 5:28 pm to rocket31
quote:
blockfi is owned by fidelity I believe
Blockfi is not owned by fidelity. They just have a business deal.
Blockfi custodian is Gemini.
Posted on 8/1/21 at 5:36 pm to UltimaParadox
quote:
Blockfi is not owned by fidelity. They just have a business deal.
not sure what that means. but they used to be listed as an investor and it's no longer there so that is interesting
I no longer use blockfi after they nuked the rates
Posted on 8/1/21 at 8:52 pm to glorymanutdtiger
im in celcius voyager and blockfi for north of 50k
Posted on 8/1/21 at 10:18 pm to rocket31
Voyager is a publically traded company with very high aspirations. I trust Voyager over nearly all the competition.
Voyager will soon offer usdc debit accounts that pay up to 10.5% interest.
I'm loving the yields Voyager pays me each month.
Voyager will soon offer usdc debit accounts that pay up to 10.5% interest.
I'm loving the yields Voyager pays me each month.
Posted on 8/1/21 at 10:27 pm to Got Heeem
quote:
Voyager is a shite company
Show us on the doll where Mr. Ehrlich touched you….
Posted on 8/1/21 at 10:57 pm to TigerChamp2009
quote:
I got my crypto interest today - 102 ADA just for holding it with Voyager.
FYI, you can get the same return by staking it, and it can be staked on a cold wallet.
Posted on 8/2/21 at 7:07 pm to dagrippa
Can you explain to a crypto-third-grader why you split up between the 3? Risk management against some type of foul play? Tia
This post was edited on 8/2/21 at 7:07 pm
Posted on 8/3/21 at 6:58 am to glorymanutdtiger
Look into Hex
Posted on 8/6/21 at 12:55 pm to rocket31
BlockFi is backed by the likes of Susquehanna, Bain Cap, Tiger Global, and SoFi. In my mind they're the most reputable firm with the least left-tail risk, but the rates are compressed a bit compared to the others. Celsius / Voyager juice their returns by issuing their own tokens. Not a sustainable model in the long run but hey, get it while the getting's good
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