How can I choose the best platform to earn interest on my BTC?

Today many of us witness global interest rates get closer to zero, more people are turning to the cryptocurrency market as an alternate means to generate an additional income. While the traditional platforms operate within very strict geographical limitations, with crypto platforms basically anyone who holds crypto can participate.

I know that these services allow users to earn interest in Bitcoin and altcoins without having to trade the markets using an exchange. And while some platforms like Nexo, Celsius, and BlockFi enable borrowers and lenders to exchange money with each other to receive either a crypto-backed loan or earn interest payments on crypto, others like Midas Yield rely on DeFi strategies which are rapidly evolving right now.

That's where I come to the end of my understanding of these crypto earning services, which is why I wonder which platforms you would consider being your favorite and why?

I would really appreciate it if you could give any recommendations on where to begin.

submitted by /u/MDiffenbakh to r/btc
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Quelle: bitcoin-en