I’ve allocated a small amount of BTC to CDC crypto earn, does anyone have experience with it?
I’ve allocated a small amount of my BTC holding to crypto earn on Crypto.com. Since I don’t plan on selling any BTC for a few years, I figured I would see how this works out. I used the flexible option, and apparently you can allocate and un- allocate at your discretion. It pays in the coin you allocate, and pays weekly. The current rate is .10% p.a., which as I understand is per annum. So for example, if you allocate $100, which as I understand would be $100 x (.01/365), mathematically. Has anyone found this program to be worth the trouble? I’ve read the “how does it work” literature on their website. Are there better programs available for “locking up” BTC?
Do you think this is similar to, or exactly the same as staking? Is crypto.com gambling on the crypto you allocate to their Crypto Earn program? Thanks for any insight. I didn’t put a lot in it, just simply exploring different methods of leveraging my holdings. Peace.
submitted by /u/forthetorino
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