faz Posted February 4, 2020 Share Posted February 4, 2020 uphold credearn pays six percent on xrp and ten percent on lba their native coin , also crypto.com pays six on xrp and eight percent on mco coin . AwesomeCopper 1 Link to comment Share on other sites More sharing options...
bjornieboy Posted February 4, 2020 Author Share Posted February 4, 2020 1 hour ago, faz said: uphold credearn pays six percent on xrp and ten percent on lba their native coin , also crypto.com pays six on xrp and eight percent on mco coin . Both Credearn and crypto has lockups on tokens (months). Celsius has no lockups and no fees. You can move the xrp in and out whenever you want at no cost. Link to comment Share on other sites More sharing options...
faz Posted February 4, 2020 Share Posted February 4, 2020 26 minutes ago, bjornieboy said: Both Credearn and crypto has lockups on tokens (months). Celsius has no lockups and no fees. You can move the xrp in and out whenever you want at no cost. uphold credearn is one month and crypto.com is 24 hours flexible , or 1 2 or three months , also no fees that i,m aware of . anyway not trying to shill these platforms but probably best if peeps do some proper research before they invest . bjornieboy 1 Link to comment Share on other sites More sharing options...
Mitty Posted February 4, 2020 Share Posted February 4, 2020 (edited) 36 minutes ago, faz said: uphold credearn is one month This is incorrect it's a 6 month lock up. Recently they have moved from paying out interest every 3 months to paying out interest every month. Once the first 6 month term is up it auto re-enrols for 3 month periods unless cancelled. I have been using CredEarn for nearly a year now and have been happy with their services. I also hold a small amount of Creds token LBA which has a current circulating market cap of around 14mil. If anyone cares there is an ongoing thread in the ALT forum in regard to LBA/CredEarn. Edited February 4, 2020 by Mitty Zedy44 and faz 2 Link to comment Share on other sites More sharing options...
AwesomeCopper Posted February 4, 2020 Share Posted February 4, 2020 I have been using Bitrue since they opened power piggy and had nothing but good results as well. You have to own a bit of the BTR coin to be able to put in and out of the interest program at will. Otherwise you have to try and get in their twice a day openings which is impossible. But 5.3% isn’t bad for xrp and 7.3% for vet. And much higher with the 30 day lockup’s. Link to comment Share on other sites More sharing options...
LittleLordFauntleroy Posted February 4, 2020 Share Posted February 4, 2020 On 2/3/2020 at 7:46 AM, bjornieboy said: >>>>>>>>>>>> Each depositor account is insured for 100 mn usd at bitgo <<<<<<<<<<<<- Incorrect. Not trying to be combative, but spreading disinformation like that, knowingly or not, puts people's investments at risk. As always, DYOR. From Celsius Network's own site. Link to comment Share on other sites More sharing options...
bjornieboy Posted February 4, 2020 Author Share Posted February 4, 2020 (edited) 38 minutes ago, LittleLordFauntleroy said: Incorrect. Not trying to be combative, but spreading disinformation like that, knowingly or not, puts people's investments at risk. As always, DYOR. From Celsius Network's own site. https://support.celsius.network/hc/en-us/articles/360002211237-How-does-BitGo-s-insurance-apply-to-Celsius- Good with DYOR but better do it right Edited February 4, 2020 by bjornieboy Link to comment Share on other sites More sharing options...
LittleLordFauntleroy Posted February 4, 2020 Share Posted February 4, 2020 5 minutes ago, bjornieboy said: https://support.celsius.network/hc/en-us/articles/360002211237-How-does-BitGo-s-insurance-apply-to-Celsius- Good with DYOR but better do it right The link you're using applies only to cold-storage wallets in BitGo's possession, and in the event of an issue, only Celsius Network itself would be covered. Individual depositors on Celsius Network have no protection and would have little to no recourse. I agree, DYOR and do it right. I'm done arguing with shills. Link to comment Share on other sites More sharing options...
bjornieboy Posted February 5, 2020 Author Share Posted February 5, 2020 (edited) 12 hours ago, LittleLordFauntleroy said: The link you're using applies only to cold-storage wallets in BitGo's possession, and in the event of an issue, only Celsius Network itself would be covered. Individual depositors on Celsius Network have no protection and would have little to no recourse. I agree, DYOR and do it right. I'm done arguing with shills. "in the event of an issue, only Celsius Network itself would be covered" wrong...you deposit with bitgo and the cold wallet is insures , of course not only celsius network is covered , the actual deposit from the depositor is covered. When not in cold wallet the funds are lent out with collateral which is also insured im not done argueing with ****** Edited February 5, 2020 by bjornieboy Link to comment Share on other sites More sharing options...
Ripple-n-Time Posted February 7, 2020 Share Posted February 7, 2020 On 2/5/2020 at 2:30 AM, bjornieboy said: "in the event of an issue, only Celsius Network itself would be covered" wrong...you deposit with bitgo and the cold wallet is insures , of course not only celsius network is covered , the actual deposit from the depositor is covered. When not in cold wallet the funds are lent out with collateral which is also insured im not done argueing with ****** To Celsius: Is my deposit insured? Your personal deposit is not insured. However, Celsius Network is using BitGo for cold storage. BitGo’s policy covers $100M worth of digital assets. As of Jan 30th they have $514,662,999 in crypto assets under management. Looks to me like they’re a bit UNDER insured. I know the above to be true and accurate because I tried it for January. The compounded interest they’re offering effective 2/1 scared me away. #ponzi. They could be fantastic and I hope I’m wrong. Bernie Madoff had great returns too for decades. Also, the XRP interest rate depends on your level. Platinum, Gold, or Silver. Mine earned 3.15%. It wasn’t worth the risk for me. PunishmentOfLuxury 1 Link to comment Share on other sites More sharing options...
AwesomeCopper Posted February 7, 2020 Share Posted February 7, 2020 1 hour ago, Ripple-n-Time said: To Celsius: Is my deposit insured? Your personal deposit is not insured. However, Celsius Network is using BitGo for cold storage. BitGo’s policy covers $100M worth of digital assets. As of Jan 30th they have $514,662,999 in crypto assets under management. Looks to me like they’re a bit UNDER insured. I know the above to be true and accurate because I tried it for January. The compounded interest they’re offering effective 2/1 scared me away. #ponzi. They could be fantastic and I hope I’m wrong. Bernie Madoff had great returns too for decades. Also, the XRP interest rate depends on your level. Platinum, Gold, or Silver. Mine earned 3.15%. It wasn’t worth the risk for me. Is Bitrue any better? Link to comment Share on other sites More sharing options...
Ripple-n-Time Posted February 8, 2020 Share Posted February 8, 2020 I checked out Nexo and Celsius only. Have not researched Bitrue. Link to comment Share on other sites More sharing options...
Panzer_Kitteh Posted June 17, 2020 Share Posted June 17, 2020 On 2/3/2020 at 12:24 PM, bjornieboy said: Its in bitgo accounts and each account is insured for 100 mn each Insured by who? Link to comment Share on other sites More sharing options...
Trisky Posted June 18, 2020 Share Posted June 18, 2020 (edited) 11 hours ago, Panzer_Kitteh said: Insured by who? For Nexo it's Bitgo:https://www.bitgo.com/services/custody https://medium.com/nexo/nexo-is-the-only-crypto-lender-to-offer-crypto-custodian-insurance-83e3cc5bd378 Edited June 18, 2020 by Trisky Link to comment Share on other sites More sharing options...
Panzer_Kitteh Posted June 18, 2020 Share Posted June 18, 2020 9 hours ago, Trisky said: For Nexo it's Bitgo:https://www.bitgo.com/services/custody https://medium.com/nexo/nexo-is-the-only-crypto-lender-to-offer-crypto-custodian-insurance-83e3cc5bd378 No where in the first link states who the insuring party is. Is it an AM Best rated insurer? Link to comment Share on other sites More sharing options...
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