Category Archives: Binance

6 Most Profitable Yield Farming Platforms – Blockchain Cryptocurrencies

6 Most Profitable Yield Farming Platforms – Blockchain Cryptocurrencies

The latest craze in the finance world is undoubtedly cryptocurrency. The monstrous growth of Ethereum and Bitcoin assets over the past year has become the only shining light in what the Queen would have already (but understandably) written off as an ‘Annus horribilis.’ 

The doubters have become blind believers. And even newbies with no idea of what tokens are, assert to their friends and families that cryptocurrency is everybody’s path to financial freedom. 

Of course, while they might be right that the future is here, the end to that story is predictable by now. If these people don’t find the true source of the crypto heat – yield farming – it will be another sad tale of falling victim to the numerous get-rich-quick schemes out there. 

Indeed, yield farming is one of the few channels that offer the window of opportunity for investment in crypto in the craziest of ways. Either by lending or borrowing, many people have figured out ways to take advantage of yield farming. On that note, here are the six farms that currently yield the most:

Compound

One doesn’t rant about yield farming post-lockdown without paying tribute to the legendary DeFi Comp tokens. Since her debut on June  15, 2020, the value of the tokens has risen as high as $200, shocking Compound’s team and investors, and that momentum is not looking like it will run out of steam anytime soon.

The Compound protocol banked on creating activity on the platform by just giving away the tokens daily, and the world responded. After all, who wouldn’t develop an interest in a deposit that yields benefits even if you were the one taking the loan? What’s better? You can stack the yields by lending out what you borrowed from what you had initially lent out, all to multiply your yield — a true game-changer in the world of ‘Compound’ interests.

Visit compund.finance website here

Universal Liquidity Union (ULU)

The bridge to every coin visit here

Binance

Unlike Compound, Binance is a crypto margin lending platform. That means it serves as the emergency reserve for traders looking to open leverage positions that will require more capital than they can afford at the time. Binance offers people with idle cryptos the option of giving out loans at ‘meh’ interest rates (around 0.83% for ETH).

Margin lending is a volatile business since the yield fluctuates based on the demand and supply of the loans. Then again, which part of cryptocurrency isn’t watery?

BlockFi

If you’re looking for a more profitable yield farming platform than Binance, then BlockFi is the fastest solution. Simply put, BlockFi offers 4.5% interest rates for ETH loans (where Binance offers 0.83%) and 6% for BTC (where Binance offers 0.75%). The only minor drawback is that BlockFi is a lot stricter than their counterparts, requiring KYC validation, among other certifications that can be such a hassle. Get through all that, though, and you get better deals.

NEXO

Another alternative to margin lending platforms is NEXO, which uses a centralized lending system. The centralized nature of the loan origination makes the interest rates more stable since the stability puts the interest rates out of the hands of market forces and under the control of the system. For the lenders and users, that’s great news as it affords greater interest rates.

COSMOS (ATOM)

People more adept with the nature of cryptocurrencies can venture into the world of stakable currencies. The deal is that by helping a blockchain to stay secure (or by ‘staking’), you get rewards. COSMOS is one of the big boys in that world, and the platform has amassed a serious following in the past year, with its 8.3% interest rate drawing people in by the minute.

Synthetix

Compound might be the hottest player in the DeFi Universe right now, but it all began with Synthetix. Right now, Synthetix accounts for more than one billion dollars locked away in their crypto vault. Staking a blockchain is a way of earning greater investments in currencies with potential, and thus, requires absolute caution. but the 53.79% interest rate that Synthetix promises has made millions of people throw their caution to the wind.

So, there they are, the biggest yield farms waiting for you to sow your financial seeds. The probability of success and failure is as predictable as the number of times you’ll blink tomorrow, but what’s life without a little risk?

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Best Way to Buy and Sell Bitcoin in Canada | Lowest Fees

Best Way to Buy and Sell Bitcoin in Canada | Lowest Fees

Welcome to this blockchain and cryptocurrency video posted by BTC Sessions. In this video and article, you will learn how to buy and sell Bitcoin using the platform Bylls.com and BullBitcoin.com. These two sites are essentially the same site and just interlink between one another depending on if you are buying or selling.

Best site to buy and sell Bitcoin

Bylls.com and BullBitcoin.com are the goto sources that I use to buy Bitcoin with my Canadian dollars and to sell my Bitcoin when I need to exchange it for Canadian dollars.

The reason I like using this platform is that the fees are lower than buying Bitcoin using other platforms such as Binance, Coinsquare, Coindesk, Changelly etc. The fees for these platforms will cost you more money. If you are only putting a little bit of FIAT ($CAD) money into Bitcoin or other cryptocurrencies each month the fees can really add up. You don't want to lose 10% of your investment towards fees right off the get-go... That is no way to start investing.

BullBitcoin.com shows you the rate of which they buy and sell bitcoin and give you very transparent information. You know exactly how much $CAD buying power you will have in your account to transfer into BTC before confirming your transaction.

The first step is to sign up for an account. Go to Bylls.com and create an account. You will need to provide a phone number, your name, and connect a bank account.

Once you have done this you can send money directly from your bank account to your bylls.com account. By sending money to your Bylls.com / BullBitcoin.com account you are creating a voucher that is redeemable for Bitcoin.

Methods you can use to fund your account

  • E-transfer - this is the fastest option and there is no fee for sending money this way, at least not on Bylls.com / BullBitcoin.com's side. This is the method I have used in the past a number of times.
  • Direct debit - this is also a good way but is a bit slower. There is no fee for sending money this way, at least not on Bylls.com / BullBitcoin.com's side.
  • Wire transfer - slower and your bank charges you fees
  • Desjardins transfer - I'm not familiar with this method
  • Deposit L-CAD - I'm not familiar with this method

See the image below as an example. You can see that the amount you are sending is the amount that will receive. The way that Bylls.com / BullBitcoin.com make their cut is by selling the actual Bitcoin for a slightly higher price than the current market price. However even though they do this the % increase is still better than the fees that you would be charged when buying through an exchange or when using a credit card.

Buy and Sell Bitcoin in Canada Lowest Fees

Once your funds are available in your account you can either wait or convert your $cad voucher into BTC rightaway once its available. You will simply copy and paste your BTC wallet 'public address' into the destination address. Your BTC will then be sent to your wallet. I personally send my BTC directly into my Ledger Hardware Wallet since this is the most secure way to store cryptocurrency. Or if I am wanting to purchase other cryptocurrencies with my BTC I'll send it to an exchange such as Binance. I will use the exchange to buy cryptocurrencies such as Ethereum, Chainlink, Kyber Network, Tezos, etc. Once I buy make the trade I will then send the new digital asset to my Ledger Hardware Wallet.

Here is an example of the cost for buying BTC with Bylls.com / BullBitcoin.com

Coinmarketcap price for BTC right now at time of writing this = 7168 US = 10063 CAD

Bylls.com / BullBitcoin.com sells BTC at a rate as of this moment at = 10316 CAD

1-(10063/10316)*100=2.45%

If I were to send $1000 CAD into BTC I would have a fee of $24.50 which is not to bad.

Sources used on this page:

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Binance BNB and CoinMarketCap Buyout | Top Altcoin

Binance BNB and CoinMarketCap Buyout | Chico Crypto

Welcome to this cryptocurrency video posted by Chico Crypto. In this video, you will learn about Binance buying CoinMarketCap for $400,000,000.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

How To Use Binance DEX Clearly Explained – Tutorial

How To Use Binance DEX Clearly Explained - Tutorial

Welcome to this cryptocurrency video posted by Nugget's News. Nugget's News is the largest cryptocurrency and blockchain YouTube channel in Australia. In this video you will hear Alex Saunders talk about How To Use Binance DEX in this clearly explained tutorial.

Guide to Understanding Blockchain and Cryptocurrencies

Crypto Session 1Blockchain and Crypto Terms You Should Know

Crypto Session 2Blockchain Technology Explained + Use Cases

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not cryptocurrency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.

CZ Binance Speech | The Capital in Singapore | Ivan on Tech

CZ Binance Speech | The Capital in Singapore | Ivan on Tech

Welcome to this cryptocurrency video posted by Ivan on Tech. Ivan introduces CZ from Binance to give a presentation on how Binance grew from a small startup idea to a multi-billion dollar global ecosystem. This presentation takes place in Singapore at the Capital - A coinmarketcap.com event.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

CZ Interview – What is Binance DEX, Listings/Delistings | Binance Chain

Binance CEO CZ Interview with Ivan Liljeqvist

Welcome to this episode of Ivan on Tech. In this episode Ivan interviews the CEO of Binance CZ (Changpeng Zhao). Binance is the worlds largest cryptocurrency exchange in terms of trading volume. Ivan and CZ discuss listings and delistings on Binance, they talk about Binance Chain / Binance DEX, and many other interesting topics.

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Good Morning Crypto July 7 2018 | Binance 1 Billion In Year 1?

Good Morning Crypto | July 7 2018

Welcome to this episode of Good Morning Crypto! Ivan discusses Binance and the possibility of 1 billion in profits in its first year. Will Binance be able to hold onto this position in the crypto markets in the future? Will traditional companies such as banks and fiat exchanges move into the space and take market share? These points and more are discussed in this episode of Good Morning Crypto.

CryptoCurrency addiction

CryptoCurrency addiction is touched on as well. This addiction may impact your real life and for some people they may need to see a specialist to help treat cryptocurrency addiction. It is similar to day trading and some argue similar to gambling. Ivan mentions that it's not so much like gambling because of the knowledge aspect involved, but of course for some people the knowledge may not be there. The first step here is admitting you have a problem and to try and take the necessary measures to stunt this addiction. A few indicators could be 1. lack of sleep due to worrying and paying attention to markets 2. refreshing coinmarketcap over and over again 3. spending more than you can afford to lose 4. depressed due to market conditions. Take care of yourself and know your limits!

Schnorr Signatures

Schnorr signatures are explained in this video as well. Schnorr signatures is an official proposal on GitHub. What they do is help to reduce the size of transactions/blocks through allowing a signature to cover all inputs opposed to just one at a time. Schnorr signatures help to improve technologies like Bitcoin. You can learn more by watching the video above.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Crypto Daily Market News Update

Crypto Daily Crypto News Update | Cardano

News regarding Cardano, NEO, Syscoin, Binance, Walton Chain, FunFair, Monaco, Matrix AI Network by Crypto Daily.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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