I'm thinking of moving my crypto portfolio from coinbase/ coinbase pro/ bittrex to either Voyager or blockfi. The interest rates seem compelling. What am I missing? Seems too good to be true. Portfolio is split between BTC, ETH, ADA, XLM, DOT and miniscule amounts in SHIB, DOGE, etc. (I was not on time for the doggie coins).
I had all my BTC in blockfi when they had better rates. Eventually, I decided its not worth it and moved it to offline storage. Blockfi was a mess to get out of. I took me 10 says to get my coins out. Voyager is supposed to have a worser customer support than Blockfi and I can’t imagine putting my money there.
Voyager has much improved their customer service in the last 6 months. I moved my coins from BlockFi to Voyager
If you think that's too good to be true wait until you graduate to defi (Alpha leak) ~50-80% APY on stables via grim finance ATM
What's the APY on BTC and alts ? Also how do I get started? Is it safe
Nothing is safe. Holding Bitcoin is not safe. For stable coin APY checkout curve.fi. To get started with DeFi yield checkout yearn.finance Recommend using metamask as your wallet
I have all my Bitcoin in Voyager. No issues at all. Very good and growing company
Where are you guys now? I moved my $40K to voyager reading this thread & now its getting lost???
Sorry for that, i also have around 10k stuck there
Turns out it was too good to be true op, I hope you didn't go for it.
They are riskier, I think coinbase is much less likely to get hacked or go bankrupt for example. The yield reflects the risk. Then it's up to you to decide if it's worth risking 100% of your assets to get an extra percentage of returns. That said, nothing beats cold storage for security.
So what do you do with your crypto? Do you stake it, or just hodl?
10% used for leverage/trading, but majority in cold storage. I've seen too many exchanges get hacked to leave any significant amounts on them.