Staking Crypto - Best platform

Has anyone experience with Nexo? They offer quite high rates as well and it is possible to deposit EUR for free through SEPA and get up to 12% interest on it. It sounds quite good to be true…I wonder if any of you have any experience with the platform.

The 12% are not applied to all currencies (i.e. Nexo up to 12%, BTC or ETH up to 8%, stable coins up to 12%, MATIC up to 16% at the moment)

To get the 12% there are several conditions that add up:

  • to be Platinum member (this means you need to hold more than 10% of your portfolio in Nexo tokens but you also have 5 free crypto withdrawals per month and better interest rates)
  • to earn interest payout in Nexo tokens (+2%)
  • accept fixed terms instead of flex (i.e. 3 months and your interest rate will also be higher)
1 Like

Indeed, I have some EUR with 8% and XRP with 5% (you need even to have them locked for 1 to 3 months to get to that level)

Otherwise the basic level starts from 4%

Seems legit and everything works well so far.

As mentioned before you earn in reality a bit less compared to what is advertised

1 Like

It has some flaws, it’s not great for traders as the volumes are low and they have a small amount of coins listed but I don’t care, I’m not a trader (I use the copytrading system with some $qnt and it’s not great as I said in the first post), I want to invest in great picks and stake.

But their trustpilot page speaks for itself

Hi

Interesting.

I also aped a small amount into KLIMA and Wonderland. Wasnt the best idea tbh.
In addition, I am also invested in Strong. Price doesnt look too promising atm, but the project seems still solid.

The way I invest in crypto:

Transfer CHF to Revolut, exchange for USD, then send that via SWIFT to Binance, and go from there. If you buy crypto with BUSD on binance, there is currently also no fee.

IMO the cheapest way to go.

I was also thinking of staking Anchor stablecoin with 19% APY, but in the end I believe that everything above 5-12% annual return smells like Ponzi :-).

Native solana staking seems nice. It autocompounds infinitely, and you can do it on Phantom Wallet.

Anyone staking ETH here?

Indeed, KLIMA and Wonderland wasn’t a good idea… :sweat_smile: :sweat_smile:

absolutely agree with your transfer approach to Binance… although I haven’t tried it yet myself (I was a bit sceptic with the Seychelles bank account for transferring EURO via SWIFT…)… Is everything working fine for you so far?

I was using the credit card option with 1.8% fees (direct stealing so far…)

Other platforms that I’ve tried recently are OKX & KuCoin… KuCoin especially has few nice automated bots options that you can try very easily and user friendly…

For ETH I would recommend Celsius with about 5.35% interest I believe or Nexo 4-5% on flex terms or up to 8% if you upgrade.

UST is my favorite “earnings” stablecoin for the moment… 19.5% for stablecoin is just insane! Currently to avoid the mess I have staked UST via Swissborg and I am earning 14.63%… You can find 19.5% in many platforms at the moment, even in Binance. However there is always maximum quotas that you can stake for 19.5% (for Binance it’s just 200UST) and locked duration periods in all those platforms. In Swissborg I have it for unlimited period and I can withdraw anytime… :wink:

2 Likes

16 posts were merged into an existing topic: Crash of LUNA and UST

Has somebody tried YouHodler for staking? The USDC, ETH and BTC yields looks juicy. I have set it up and may transfer my USDC which are currently staked at ACS to YouHodler. Not sure why but UST looks somehow fishy to me, even if I do not have a databased reason for not trusting it. I think Luna is now almost a top 10 project so should be legit, but still. @Leonidasgr since when are you using Luna/Terra/UST?

@cyberhigh is Swift working again with Binance??? That was stopped for quite some time.

1 Like

Regarding Binance: yes, they blocked SEPA deposits in EUR, but you could always use Swift to deposit USD. So far it worked well for me.

From Revolut to Binance (via Bank on Seychelles), the transfer usually takes less than an hour and you get BUSD, with which you can purchase crypto without any fee.

Will check out Swissborg aswell.

I might try stablecoin farming on Anchor aswell with a small amount.

Binance staking is indeed not ideal since you have limited amounts and lockup periods.

Btw my best staking investment by far is Cake DeFi. The coin DFI outperformed BTC and the rewards are still amazing… im still making around 1500 usd a month as passive income since i posted it here. (referral still in DM… :wink: )

1 Like

What are you staking on CakeDefI?

I am thinking of staking a bit of Cake on Pancakeswap

1 Like

DeFiChain price, DFI chart, and market cap | CoinGecko

There are so many options… it is difficult to select one to stake with. Why did you go for DFI?

1 Like

So you stake DFI on cakedefi?
Will have a look at it.

1 Like

Apparently… (and unfortunately…:sweat_smile:) I didn’t trust the cakedefi a lot (at the time I was checking the last time there were some strange news about their CEO or something…)

I have open positions in so many places that honestly speaking I am thinking only to eliminate few of them and not to open more :man_facepalming:t2::man_facepalming:t2:

Btw I have also cake in pancakeswap - very good returns just pancakeswap has lost a lot of value in the last year….

Other interesting tokens maybe to look at earnings by staking could be the nexo token, celsius token and KuCoin token…. (You are upgrading your earnings as well by earning in those tokens)

by the way does anyone know if we can unlock our sign-up bonus reward in Crypto.com?
to unlock it you need to buy and stake at least 350 EUR worth of CRO, and order your VISA debit card. (Ruby steel)

However, normally Switzerland is not eligible for staking (and generally for earning products) in Crypto.com so I am just wondering if I will just buy 350 EUR worth of CRO for nothing and my sign-up bonus will not get unlocked…

Crypto.com Earn is not available. Staking for visa card is available and works in switzerland, but you will get staking rewards only after the 3.5k tier. 350 tier is enough to unlock the sign up bonus though.

3 Likes

Thanks for your reply.
Just a follow-up question on that.

I unlocked the sign up bonus successfully and I transferred it also to Crypto Defi for adding it up to my earnings. (Only the sign-up bonus not the 350 staked). Although I can see the amount of CRO coins in Crypto Defi - I cannot add them to my earnings pool (when I am trying there my balance of CRO shows empty)

Also are you actively using the 2% cashback visa card in Switzerland? Is it worth it?

1 Like

This should help: All About Staking CRO on DeFi Earn | Crypto.com Help Center

I think so, yes. I use it mostly for online purchases, but it works in the store.