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Earn 4% Interest on Bitcoinby@alfredodecandia
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Earn 4% Interest on Bitcoin

by Alfredo de Candia
Alfredo de Candia HackerNoon profile picture

Alfredo de Candia

@alfredodecandia

Author of "Mastering EOS" & "Mastering DeFi" blockchain specialist,...

April 29th, 2022
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Bitcoin prices are between 30 thousand and 40 thousand dollars, with peaks that even go to a million dollars per single unit of Bitcoin. People who bought Bitcoin for 3 thousand dollars in those time windows of years ago and sold them for over 60 thousand dollars last year, still obtained a return of 1900%, earning enormously despite the crisis we have experienced. But how can we put these satoshis to good use, waiting for the next ATH (All Time High)? There are various ways that allow you to earn interest on our crypto, from centralized to decentralized platforms, and each offers advantages and disadvantages.

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Alfredo de Candia

Alfredo de Candia

@alfredodecandia

Author of "Mastering EOS" & "Mastering DeFi" blockchain specialist, android developer

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In over 10 years of activity of blockchains and crypto, Bitcoin above all, people have accumulated crypto and fortunes, for the simple fact of having bought them cheaply and sold them for a lot, making really interesting and double-digit "exits" at times.


However, if we take the various forecasts made by various experts in the sector and in technical analysis and beyond, there are many forecasts that bring the bitcoin asset to 6-digit values, with peaks that even go to a million dollars per single unit of Bitcoin.


Obviously, those who bought Bitcoin for 3 thousand dollars in those time windows of years ago and sold them for over 60 thousand dollars last year, still obtained a return of 1900%, earning enormously despite the crisis we have experienced.


Now the pattern could repeat itself and therefore the new lows we are experiencing between 30 thousand and 40 thousand dollars seem to be new entry opportunities and then wait for a new and higher peak of Bitcoin, which, as history has taught us, is was always greater than the previous maximum.


In fact, in these periods we always tend to accumulate weekly or monthly part of our availability to buy fractions of Bitcoin, that is satoshi, in the hope that one day in the future those few satoshi we have can turn into something more than small change.


But how can we put these satoshis to good use, waiting for the next ATH (All Time High)?


There are various ways that allow you to earn interest on our crypto, from centralized to decentralized platforms, and each offers advantages and disadvantages and also high or low interests depending on the risk.


Among the various methods that we can take advantage of which is also the simplest for those unfamiliar with the various decentralized finance (DeFi) platforms, the path of centralized platforms is certainly something that everyone should look at at least once.


In fact, in these platforms, users deposit their crypto and here then the platform corresponds to an interest for having deposited the assets, and therefore we are actually making our cryptocurrencies work for us and earn an interest on them.


The platform gives over 4% on Bitcoin


One of the well-known and long-standing platforms in this sector, it is certainly this which is basically a platform that allows users to play and bet on various events, has a section dedicated to the Bitcoin faucet, i.e. users can win several satoshi each now, and in addition it also has a section relating to the interest on our Bitcoin deposits.


The basic platform provides a daily and paid daily interest of 4.08% as soon as we deposit 30 thousand satoshi (just over € 10), and daily we will receive the related interest that will be added to our balance, therefore in the long term we will always have a greater interest.


It is interesting to note their calculation where you can always make an estimate of how much interest we will get daily, monthly and annually, so as to also evaluate our deposit to be made and measure it in order to obtain the maximum advantage:


Satoshi calculator

Satoshi calculator


Obviously, the more we deposit, the greater the interest, but we must remember that it is never wise to deposit large sums on centralized platforms, and therefore use only what we are comfortable using, even a few tens of euros just to test the platform, a platform that as mentioned, it has been operational for several years.

Another interesting aspect of this platform is the possibility of trying your luck every hour, by spinning a virtual dice of 10 thousand faces where, depending on the number, we will always win some satoshi up to a maximum of $ 200, every hour, and winning that concur to make increase our balance, so absurdly after one has signed up to the platform, tries his luck and wins the first or second prize he does not even have to deposit anything into his account:


Roll "dice" game

Roll "dice" game


Something cool about this game that is provably fair, and here You can check one of my victories:


https://s3.amazonaws.com/roll-verifier/verify.html?server_seed=388aa4225535e62fe18222d974f19e570d523e3ace9b65f6c8fdaa7395aa7e7c&client_seed=3yd4qBQ6UhGawAbB&server_seed_hash=5b287433d14eebbbea1955e2929848d4a1c420ef3b991034e8aacb9fd7789dac&nonce=76966


So not only will we have a platform that will allow us to get a respectable interest and without deposit time constraints, since we can withdraw at any time, but we will also be able to play and win every hour to earn additional satoshi.


Finally here is the video for Italian readers about this cool platform:


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Alfredo de Candia HackerNoon profile picture
Alfredo de Candia@alfredodecandia
Author of "Mastering EOS" & "Mastering DeFi" blockchain specialist, android developer

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