• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

The risk of lending cryptocurrency is met with high rewards

  • Thread starter Thread starter BrolySSJ
  • Start date Start date
First, I commend you for taking your time to post this earning opportunity here, even though you did not mention a particular platform that offers this. And I am just wondering if it has high minimum amount one can lend. It is just my opinion.
 
They are susceptible to error and hacking: there is no perfect way to prevent technical glitches, human error or hacking. They can be affected by forks or discontinuation. Crypto currency trading carries additional risks such as hard forms or discontinuation.
 
I have heard of cryptocurrency lending several times and I do not see it as the best option for me. It's indeed a very risky venture and a berge pole I wouldn't want to touch. With the lack if control experience in cryptocurrency, then it is as well a very dangerous business to embark upon.
 
It can be very risky to learn out cryptocurrency to someone else except when you trust that person. if you don't have a system in place to retrieve your cryptocurrency from the person, I think it is better not to lend it out.
 
AAVE is a decentralized platform for lending and burrowing. However, I have never used AAVE. You can use crypto currency banks like nexo to earn interest in your cryptos as well as get loan/
 
Well, I haven't tried it out yet and I don't seem to be interested in the idea either. This is because I really want to perfect at cryptocurrency trading and investment and I can't achieve that by depending on other people for making profits
 
Ltherman said:
Crypto lending is one of the ways of making money in Defi which is one of the crazy ways of making money now in the crypto space. Try some trustworthy platforms like Binance and some other exchange where lending is done, at least you can have peace of mind.
Click to expand...
At least i know of binance platform that you can do lending and have a good assurance that your money is to some extent secure,but one need to be very careful when doing that in other platform that cannot be verified.
 
Critics warn the technology could be the next overblown bubble of the crypto world, akin to initial coin offerings (ICOs), with inexperienced investors at particular risk. In 2017, billions of dollars poured into ICOs, where companies raised capital by issuing new virtual coins. Most projects failed to gain traction, and many investors lost their money.
 
I cannot do this because it is not necessary and it is risky just like you have said, but it is just nice to learn that there are some site that will always ask you to lend them your cryptocurrency.. I can't engage in this because those people have the right to take your money and also have the right to pay without you having nothing to do.
 
I have never seen any platforms that gives up to 18% on monthly basis to people that have cryptocurrency to lend out. I asked that you suggest trusted platforms that could help us invest our spare coins.
 
Crypto lending is one of the ways of making money in Defi which is one of the crazy ways of making money now in the crypto space. Try some trustworthy platforms like Binance and some other exchange where lending is done, at least you can have peace of mind.
 
You must log in or register to reply here.
Back
Top