Gemini earn review8/15/2023 Now if Americans anticipate getting a loan then it could well be worth owning the Nexo token and Celsius token. Basically meaning you have to make over $200,000 per year and be worth over a million. Pathetically only accredited investors in America can participate in what Europeans can with native tokens, ICOs. Not sure if you realize this but midweek last week I saw Celsius drop their American rate from two Bitcoin to one Bitcoin for the 6.2%, And they popped it right back up after huge complaints!īut Celsius like Nexo now has a token that in the last year or so has been a lot better than Bitcoin so Americans have to continue to drool in anticipation like pavlovian dogs with regulators on their backs. ![]() And I would have been more tempted to buy more if I held and watched it shooting up and then I may well naturally have got this higher rate with that promo.īlockfi is only worth having one Bitcoin there, or even less I would say. So VGX seems to have the most limited use case globally but for me it could have really helped me with Bitcoin interest. I actually participated in the first big pump of VGX, But it was only $1,000 and I made a quick $1,200. The only thing I've really spotted for VGX in Voyager is the crazy price appreciation surpassing Celsius and Nexo there for a while, And that largely comes down to earning the highest rate you can on Bitcoin I believe, over 7% but to get that promo rate you have to own a lot of VGX. I got BTC during their dividend, And that whole dividend debacle of the price dumping after the snapshot and dividend turned into a huge reverse argument as the Nexo token has been far better than Bitcoin in the last year. Governance voting is supposedly coming up. Probably would then convert some stable coins into maybe only $1,000 worth of cel□ If only to have some visual stake in looking at the total in my walletĪgain with Nexo I can't earn in nexo. So it worries me that they won't really get swap going for Americans until they see their Celsius token languish and rely on Americans to boost it. ![]() I saw their token at four and five cents even. TLDR: Earn works well, interest is paid daily, withdrawals are fast and free.Īs an American Celsius doesn't do me much good when it comes to their token, I still hilariously have one token when they gave it to me when it was worth around $0.15.I could have been a lot richer if I'd started with them earlier but I had trouble. Ultimately I believe the lower interest rates and scary-as-sh*t T+C’s translate to lower risk for the lenders/ Earn participants. Genesis has been around forever and has a stellar reputation in the industry. And so does pretty much everyone else lol, BlockFi, Voyager, Ledn. Gemini is working with Genesis to offer interest rates to the lenders. That would be a devastating blow to their business and could potentially tank the exchange altogether, at least on a retail level. I don’t believe Gemini would be keen on allowing their customers accounts to be wiped out over a risky borrower default for a piddly 1% middle man fee. These bullet points are signs of low risk IMO but as always DYOR. Gemini’s hyper-transparency and lower interest rates actually give me more confidence then any of the other interest/savings account platforms. Gemini is the most regulated and compliant exchange out there and the only one (that I’m aware of) that offers these services to residents of NY. IMO Gemini’s were hands down the scariest to read. ![]() They all have varying levels of fear injected into the T+C’s. Here’s my take: I’ve checked out BlockFi, Voyager, Celsius, Nexo,, , Ledn, etc you name it. Why the heart attack inducing Terms and Conditions? My expectations have been completely exceeded and the user experience is excellent. ![]() I feel bad for those folks and hope they get their issues sorted but my experience has been very different. I know a lot of people have had problems with customer service and Gemini in general. I’ll be keeping a significant portion of my stack in Earn indefinitely. I withdrew it immediately to an external wallet with 0 fees. The withdrawal/Redeem amount was instantly available in my trading balance. I requested 25% of the initial sum and verified with the Authy app. 10 days later I decided to initiate a withdrawal from the Earn program, “Redeem” is what they call it. I put a non-negligible amount of my portfolio in earn and began seeing the interest deposits/payments/credits daily starting on day 2 which was a weekend btw. Some of the posts on this sub are enough to scare anybody away and the Earn Terms and Conditions are best read during the daytime because they’ll keep you up at night.įirst of all my experience has been great. I was initially really excited about Earn when it was released, followed swiftly by fear and doubt after due diligence via Reddit.
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