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Is there a "secure" way to earn some rewards with BTC? (feddit.de)

submitted 1 year ago by Dreizehn@feddit.de to c/crypto@lemmy.ml

3 comments fedilink hide all child comments

Hi, currently I have some BTC stored in lendings programs at nexo and binance. Had some ETH there too, that I moved to Rocketpool recently.

I would like to move some or all of my BTC somewhere else, too. Is there anything "safe" around to make a buck or two with Bitcoin (lending, defi and so on)?

In the long term I plan on storing around 90% of my ETH and BTC on a hardware wallet and the rest in some sort of make-me-some-money-thing. Best case is an opensource decentraliced "safe-place". Yes, i know nothing is safe :)

Shitcoins will just live on exchanges in earn-programs, if some of them go bancrupt, it is just a very small amount that will be lost for me.

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[–] LemoineFairclough@sh.itjust.works 2 points 1 year ago* (last edited 1 year ago) (1 children)

The only safe way I know of to get passive income from Bitcoin is to use https://github.com/JoinMarket-Org/joinmarket-clientserver though that may lead to your bitcoin becoming "tainted"

There is also https://thorswap.finance/ but using it probably carries a risk of total or partial loss of money

The most discreet method of earning non-passive income is probably through something like https://haveno.exchange/

For less private ways to get income, I'd use something spoken highly of at https://kycnot.me/ that allows peer to peer trading and reputation building

[–] Dreizehn@feddit.de -2 points 1 year ago (1 children)

Do you have any experience using Joinmarket? Videos or articles about that software seem to be all older than a year...

[–] LemoineFairclough@sh.itjust.works 1 points 1 year ago

What were you attempting to do with joinmarket but getting issues with? What do you think is missing from the current documentation?

I suggest you read https://www.catb.org/esr/faqs/smart-questions.html given the reaction to your posts so far.

I do not see any reason to talk about my joinmarket experience. Saying I have used it profitably is the same as admitting I have made money by laundering money, and that would obviously be against my interests. I would much rather you believed I had no prior knowledge of how to use cryptocurrency.