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Anonymous
I understand that I can earn some interests for BTC and ETH if I own them under Gemini Earn. Can someone explain how it really works? I’m slightly concerned about transferring to the wrong wallet address. Thank you so much!
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Cryotosensei
31 Jan 2023
Blogger at diaperfinancingfund.blogspot.com
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It would depend on your holdings currently in Coinhako, fees for withdrawal (transfer) to another exchange for stake/earn.
Aside from Gemini Earn, there are other alternatives in the market as well
Up to 5% interest (can consider BlockFi or Celsius which has a higher earn rate than Gemini)
Up to 8% on all your Crypto for first $10k:
-Blockfolio: Trade Bitcoin, Doge, and other crypto with zero fees on FTX. Use my referral code and get a free coin when you trade $10 worth. https://link.blockfolio.com/9dzp/a6166e21
If withdrawal fees are easily earned back through higher interest rates on platforms like BlockFi/Celsius/Blockfolio, I would usually just withdraw it and earn it back in interest than to sell it on Coinhako (with much higher fees), and have a much harder time trying to time the market to enter the same position.
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Continue to stay in Coinhako would be the better short-term solution until a better platform emerge....
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I hope you have gotten a cold wallet like Ledger or Trezor by now. Not your keys not your coins