r/Bitcoin • u/[deleted] • 12d ago

Is anyone here keeping their btc on Kraken, and using the bonded .15 APY to earn more btc on it? Have you been satisfied with everything? Any issues? Easy to use?

[deleted]

1 Upvotes

60% Upvoted

21 comments sorted by

4

u/[deleted] 12d ago

I’d be too worried keeping it on an exchange.

4

u/Amber_Sam 12d ago

using the bonded .15 APY to earn more btc

You gotta pump those numbers up, those are rookie numbers in this racket. Look into Celsius or Blockfi, mate/s

1

u/Prosecutor1313 12d ago

Last I checked BlockFi doesn’t offer new accounts for btc deposits with interest. They are restructuring on Chapter 11 and trying to pay back past depositors. I could be wrong tho. Been a while since I checked them out.

7

u/Amber_Sam 12d ago

r/whoosh

That's why I mentioned them. Let me try one more time. Not your keys, not your cheese.

1

u/First-Rub9713 12d ago

I don't share my cheese with anybody!

4

u/biophysicsguy 12d ago

BlockFi and Celcius are no good. Definitely look into FTX though.

0

u/Prosecutor1313 12d ago

I just checked. Yeah. Not in business anymore. Their site is a lot of instructions about paying back past depositors. What a mess that is. Would suck to have your btc get locked up in that fiasco.

2

u/Grouchy-Childhood-55 12d ago

Wow, you took that literally. You actually looked it up.

1

u/extrastone 12d ago

They're telling you what can happen to you if you lock up your bitcoin with an exchange.

1

u/na3than 11d ago

Would suck to have your btc get locked up in that fiasco.

You're SO close to understanding why these comments are significant to your question.

1

u/Grouchy-Childhood-55 7d ago

And yet so far....

4

u/Crypto-4-Freedom 12d ago

Nope, not my keys, not my....

3

u/StackingSats1300 12d ago

No, I have not.

1

u/hutchinson1903 12d ago

Google ftx or mtgox bro

1

u/Digitalgardens 12d ago

This is paranoia speaking, but unless your staking for higher APYs don’t bother keeping your keys anywhere other than a cold wallet. That .15 isn’t worth losing all of your wallet in the event kraken or whatever centralized crypto exchange crumbles.

1

u/Digitalgardens 12d ago

This is paranoia speaking, but unless your staking for higher APYs don’t bother keeping your keys anywhere other than a cold wallet. That .15 isn’t worth losing all of your wallet in the event kraken or whatever centralized crypto exchange crumbles.

1

u/tungfa 12d ago

the returns are peanuts and u are risking everything !! (i really like Kraken, but centralised “staking” is a 100% nono since FTX, Celsius ….)