Investing & Preserving Your Gains in This Crazy Market

I am all for HODLing in the long term and dollar cost averaging but having been in this market for more than a year now and having seen upside and downswings (also having accumulated some crypto 😉 ), I think changing your cryptos to stablecoin and vice versa and parking your stablecoins into high yield savings accounts has given me the best returns so far.

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I have experimented with the following platforms, below are the pros and cons. Usually these platforms give out gains on crypto + on their native tokens. I am just putting out how much gains do they give flat out on crypto (also called in-kind rewards) and not on their native tokens

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Celsius:

URL: Celsius.network

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APY on stablecoins: 8.88%

APY on Bitcoin: up to 1 BTC- 6.2%, more than that, 3.51%

APY on Ethereum: 5.35% (Up to 100 ETH), 5.05% for anything more

Source: https://celsius.network/earn-rewards-on-your-crypto

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Pros:

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Has been around for 3 years

CEO is engaged in the community and makes constant AMAs

No fees for withdrawal

$50 to referred + $50 to one being referred

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Cons:

Withdrawals can take more time than you are expecting . I usually just get my coins back the next day but they claim it’s for safety reasons.

Interest is paid on a weekly basis.

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Yield App

URL: yield.app

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APY on stablecoins: 20% (10% in USDC + 2-10% in yld)

APY on Bitcoin: 12% (6% in btc + 2-6% in yld)

APY on Ethereum: 16% (6% in Eth + 2-10% in yld)

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Source: https://www.yield.app/yld

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Pros

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Offer the higher APY for Stables at the market

Offer the higher APY for the native token at the market

Interest is paid daily

Possible future gain in it token, low market cap

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Cons

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Mobile app is still in the works

Because it is still new, it must establish credibility.

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Nexo

URL: nexo.io

APY on stablecoins: 10%

APY on Bitcoin: 6%

APY on Ethereum:6%

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Source: https://nexo.io/earn-crypto

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Pros:

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Mobile app is user friendly

You don’t have to own a lot of Nexo token to get the best rates

Fast withdrawal system

Interest paid daily

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Cons

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There has been a lot of controversy regarding their insurance policy and regulations.

Boosted APY with their tokens is much less than competitors (Yield App gives upto 10% by holding their token while Nexo gives only 2%)

Annoying ads everywhere

Swissborg

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URL: swissborg.com

APY on stablecoins: 8.57%

APY on Bitcoin: 4.01%

APY on Ethereum:4.06%

Source: https://swissborg.com/smart-yield-account

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Pros:

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Good mobile app with nice UX

Cheaper in app crypto purchases

Good prospects with smart yield

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Cons

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0.1% withdrawal

A lot of money required to achieve premium status and Yield Boost

Cringy Pow Wow with their CEO, this for example 🙄🙄

False advertising with their APY (They present the maximum APY they achieved at some point as if it can be achieved at any time)

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Whenever crypto goes into a bull market, I change my stables to crypto and when there is a market downturn, I change my crypto to stables and park them in these accounts. This has given me the best returns to my investments.