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Anonymous
Hey Seedly Family, I have some crypto considering to transfer them into binance.sg or binance.com or crytpto.com. The latter 2 is because i can earn some interest. Which is the best option?
binance.com seems to have some interest through their "Earn" program but this is not available in bianance.sg.
The interest in crypto.com seems to be better but i am not sure if it's a good idea as well.
I plan to hold these crypto for long term and not going to sell any time soon. Would be great if any one could share some advice here :)
Thanks in advance!
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Hi Anon,
I also prefer binance over crypto because its the biggest exhcange in the world, and it provides lot of liquidity to the network.
This is what i am doing. Hope this will help you-
I keep my BTC in a Cold wallet, main purpose of buying bitcoin is to store value. I dont want to give my keys to someone else and I dont look for any yield from Bitcoin.
For ETH and some ALT coins, i am using blockfi,nexo & celsius to earn some interest. You can look for some high yields, but I would say, diversify them across multiple platform to minimize jurisdiction risk as these are centralized platforms.
I also have some ERC20 stable coins in AAVE. Reason, i am using a decetralized platform for stable coin is because, if we are going to have central bank digital currecies, stable coins might see some regulatory preassure.
Also, I am staking DOT and Cardano(ETH competing protocols). Probably, you can also consider staking some of your coins through a hot wallet or an exhcange like binance since you are a long term holder.
To summarize, One thing i dont like to do is chase too much yield. In the tradditional sense, moving in to the crypto space is going out in the risk curve. Now we are willing to go futher out in the risk curve. Since you are a long term holder, take risk in to account when you seek yield and diversify your strategies across multiple platforms.
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Royal Q is a AI crypto trading robot originating in China since 2017. Trades on your behalf in your Binance or Huobi account through API methology. Can only place trades on your behalf and does not have access to your funds. Proven track record and profitable using dollar cost averaging together with quantificaion methods that provides a stream of passive income from 2-6% daily. Able to withdraw your profits anytime, capital and profits are secure in your own Binance/Huobi wallet. 100 USDT robot activation fee and 20% of profits for robot fuel charge. No minimum capital required.
Registration
https://raqsy.com/s/AKW7U or via Royal Q app with invitation code AKW7U downloadable on android or iphone app store.
API binding
Sign up for Binance or Huobi if you have not
https://www.binance.cc/en/register?ref=AXV7LY92
https://www.huobi.com/en-us/topic/double-reward...
Go to API management in Binance or Huobi and create a new API named Royal Q. For Huobi, tick trade permission.
Copy the access key and secret key.
Login to Royal Q app. On home screen, click API binding. Choose Binance and/or Huobi and enter the corresponding keys. Enter 90 days validity for Huobi.
Funding
Buy USDT with Binance or Huobi for a sum of your capital + $120. For eg, if you want to try with a capital of $100, fund it with $220.
Deposit
On Royal Q home screen click on "mine" tab on bottom. Click assets. Click deposit. Deposit to wallet address $120 usdt using TRC20 network from Binance or Huobi.
Activation
After receiving the funds in Royal Q, click Activate on the yellow banner in "mine" tab. You should see $20 remaining in asset wallet. This will be used for robot "fuel". Do top this up when it runs low to prevent the robot from pausing trading. The remaining $100 minus transfer fees in Binance or Huobi will be your starting capital.
Start
On Royal Q app, click Quantify tab (2nd tab on bottom). Select Binance or Huobi on top and click on ADA/USDT. Click transaction settings on bottom left. Enter the First order amount with10% of your capital. ($10 for $100 capital), click Confirm on top right. Then click Start Up on bottom right. Thats it, your Binance or Huobi's spot wallet should start generating 2-6% of profits daily.
Strategy
For various capital and investment strategy, you may find them on social media but the above will be sufficient for you to start off with and see the potential returns.
Tip
If you purchase a small amount of BNB in binance, they will charge the transaction fees in BNB at 25% discount.
For $100 capital, trade 1 coin (ADA)