Ways to earn money with Bitcoins
The seemingly never-ending zero interest rate policy of the European Central Bank makes many investors wonder if there are alternatives to savings accounts or overnight money. Yes – of course there are. In recent years, in addition to the stock market, the crypto market has become the focus of particular attention.
If one is convinced that the price of bitcoin will rise soon, it is advisable to purchase coins. Bitcoins are purchased through exchanges. Since there are different providers that have different conditions, it is advisable to carry out a Bitcoin exchange comparison in advance. However, there are other ways to earn money with Bitcoin.
How promising is crypto lending?
To begin with, it should be noted that crypto lending is quite an interesting option when it comes to investing your money profitably. However, this form of investment can only be recommended to investors who are both opportunity-oriented and risk-averse. You can get more information here.
Bitcoin offers many opportunities
Before deciding on a corresponding platform, it is advisable to take a look behind the scenes.
That is, what returns are promised and what is the fee model. 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 certainly a few high-yield platforms and opportunities to earn money with cryptocurrencies, such as Bitcoin, but you should not underestimate the risk. Because high profits are possible, but also losses. Therefore, only freely available capital should ever be invested.
There is no variable interest payment here. In fact, Nexo, an Estonia-based company, guarantees investors an interest rate of 8 percent. Customers can invest in stablecoins (USDT, USDC, TUSD or PAX) as well as fiat currencies (euro, US dollar). Nexo also guarantees access to the deposited money at any time. This means that the money is not tied up.
Celcius is the direct Nexo competitor. Here, too, you can deposit your money in Stablecoins and enjoy a quite attractive interest payout. However, there are conditions that depend on the deposit. As a rule, the return is 7 percent/year.
However, you do not necessarily have to work with stablecoins, but can also deposit your money in bitcoin and other cryptocurrencies. It should be noted that here, however, there is only a return between 2 percent and 3 percent/year. For example, the terms for Ripple are 2.9 percent, for Ether it is 2.8 percent and for Bitcoin 3.05 percent.
A return of 6 percent/year is offered by Crypto.com. If one wants to earn money with Crypto.com, there is also the option here to deposit one’s money in stablecoins as in cryptocurrencies. USDC, PAX as well as TUSD and Bitcoin, Ripple as well as Ether are also available here.
Blockfi is another well-known platform in the lending sector. However, it should be mentioned at this point that the opportunities to earn money via Blockfi are quite limited. After all, just two digital currencies were accepted here not long ago: Ether and Bitcoin. The conditions vary with the number of coins. For example, every investor who holds under 10 coins of the Bitcoin currency gets 6.2 percent. With more than ten coins, it is only 2.2 percent.
High profits are possible, but so are losses. Therefore, only freely available capital should ever be invested. For Ether, there are similar conditions. The investor gets 4.1 percent, provided that it is less than 100 Coins. For more than 100 coins, it’s just 0.5 percent.
In the beginning, Coinlist was supposed to be a platform for raising capital. Today, however, it is heavily involved in the stablecoin sector. Thus, one can earn 5.84 percent/year here with the classic stablecoins (TUSD, USDC or PAX as well as GUSD).
You can also deposit money in cryptocurrencies via Coinlist. The range here is from 2.92 percent (Bitcoin, Ether) to 5.11 percent (Ripple). Conlist provides a relatively large offer, which is also supplemented at regular intervals.