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What the hell are you talking about? If I keep my money in a bank account i get a tiny percent interest. If have my crypto sitting in an exchange, i get nothin
by yokoprime 5y ago
What the hell are you talking about? If I keep my money in a bank account i get a tiny percent interest.
If have my crypto sitting in an exchange, i get nothing. Likewise moving my crypto around shaves off value each time in gas fees and whatnot.
- MitPitt 5y agoSo don't have it sitting in an exchange? Try to educate oneself a little on DeFi? Also there are blockchain with gas fees that cost fractions of a penny.
- TAKEMYMONEY 5y agoWhich savings accounts offer interest rates that can compete with crypto exchanges? Or wallet staking? Chase, BoA and Wells Fargo savings accounts in the US pay 0.01% APY. Ally is down to 0.5% APY. There is a crypto exchange offering 1.01% APY on BTC, a difference of 10,000% compared to Chase (and much higher APYs on other tokens). Not shilling, I moved everything from Ally to a money market account elsewhere, I'd genuinely like to know where you're seeing a relevant amount of interest.