RE: Passive Crypto Earnings May 2020 (Lending/Dividends/Staking)
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I need to get on the case with this myself - I got as far as setting up a Blockfi account, I just haven't been arsed to go with the KYC procedure yet, it's like crypto is becoming the new FIAT, back when bank interest rates used to be regularly 3-5%!
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It was exactly the same for me, it took ages before I started doing some effort to get some returns on my crypto earnings. I'm glad I got it started though and it kind of feels like a game now. I do remain cautious though (at least I try to). In a way, it all feels too good to be true getting 4%+ yearly on assets that are likely to increase in price over time.
Good Luck if you ever get into it, I plan on making these posts monthly keeping track of everything and the new platforms I test out.
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Well I just sent some coins over to my new KYCd blockfi account - I had to clear my ledger out of LTC and ETH as I wanted to reset it, so it was actually quite handy!
Cheers!
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The problem when you get used to these lending platforms (It goes really quickly) is that it starts feeling like a waste leaving coins o your ledger just sitting there. Finding the balance between having them fully safe there compared to in ledning programs where they get some passive returns is quite the challenge.
Good Luck!
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I'm happy with having just under a grand on Blockfi, actually I do need to double check my security over there come to think of it!
Cheers!
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