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[sh199]

Binance and Kucoin are the world's most famous exchanges. They both have lending options for earning money by just lend them for a particular time.
Nowadays Kucoin giving massive APY rates for USDT/TRX/ADA. On the other hand, Binance has also a lending option but their APY rate is much lower than Kucoin. But Binance is no 1 trading platform, so many people can invest their money with closed eyes.
What you think, which one is better for lending?

 

[Wisdom01]

I suggest you go for binance even if the apy is not high compared to kucoin , because the platform have shown more capacity and have gained a lot of users trust

 

[sh199]

I suggest you go for binance even if the apy is not high compared to kucoin , because the platform have shown more capacity and have gained a lot of users trust

Binance gives only 10% apy but on the other hand kucoin now offering 40%
Just see the difference. 30% is big enough for getting interested and lots of people also doing it
many Youtubers showing their investment portfolio on videos

 

[Binita100]

Binance gives only 10% apy but on the other hand kucoin now offering 40%
Just see the difference. 30% is big enough for getting interested and lots of people also doing it
many Youtubers showing their investment portfolio on videos

Do kucoin also offers such percentage of apy on stable coin too or its only on normal crypto currency like bitcoin , i would like to know more

 

[Josemendez]

With my experience with Binance , I think I will prefer Binance to kucoin because of the many features in binance , especially their staking platform

 

[Wisdom01]

Binance gives only 10% apy but on the other hand kucoin now offering 40%
Just see the difference. 30% is big enough for getting interested and lots of people also doing it
many Youtubers showing their investment portfolio on videos

wow i never knew kucoin offers such interest rate, i would still have to make more research to actually know more concerning this actually,

 

[Binita100]

Some coins via binance app is more than 10% when you stake them. The APY rate today for BNB increased to 17%, making a passive investment for those staking it.

Well the apy is still low compared to what the poster listed , i wish they offered more, but the rate of people in the platform might also infulence the percentage

 

[Binita100]

The rate of people over there at binance is exorbitant that's why the staking powers of the listed coins dropped. Maybe they'll be increasing it in the future if their is need.

In the future ? if only the rate would drop because am sure it might only decrease further , as a lot of people joins the platform ......

 

[Binita100]

Hmm, if it constantly drops, people might think otherwise to walk away. You don't invest such amount to earn very low amount of money in return.

Probably imagine investing $100 to get $1 in one month time. I dont think i would risk my money to stake on such because its volatile too , but the staking is it on a monthly basis?

 

[a_jerobon]

I think Binance is the best for lending, even if its APY is lower than that of Kucoin. I choose binance because they have very many investors who also trade there. So I believe it is more trustworthy.

 

[Binita100]

Laughs, you will get more than $1 when you stake with $100 in a month or their about. If its a 10% APY, you'll get $10 in return for your investment at the end of the month. You can leave it for 2-3 months or even six months for your funds to grow bigger.

Thanks for this , the only problem is flunctuation , the 10% could later turn to 5% when flunctuation starts ?, i will check for only apy for usdt , i really don't know if its available

 

[Josemendez]

Binance gives only 10% apy but on the other hand kucoin now offering 40%
Just see the difference. 30% is big enough for getting interested and lots of people also doing it
many Youtubers showing their investment portfolio on videos

Binance gives several APR ,infact there are some coins where Binance offers up to 40% . Secondly kucoin is using high APR as a marketing strategy

 

[Binita100]

Okay. You can check for your desired coin over there at binance if they listed it for staking. Maybe the fluctuations around the coins will male the APY rate to drop to what you said. But at the meantime it is higher than what you think.

Probably infact i cant just invest in a trash coin because of the amount of apy i would really have to make my own research too before investing

 

[Niftyicon]

I would prefer using Binance in the face of such risks although KuCoin's rates are very attractive. I think Binance is a more trustworthy and reputable platform.

 

[Kunkun]

I think Binance is the best for lending, even if its APY is lower than that of Kucoin. I choose binance because they have very many investors who also trade there. So I believe it is more trustworthy.

Yeah I agree too, security should be priority, not saying kucoin is not safe though just picking om your point. Would prefer to trade with binance too by the way

 

[Binita100]

Laughs. That's good to make your own research to know the coin you're investing on. But remember that the fluctuations doesn't hamper your APY rate when you've stake the coin you wish for over at binance.

How does the flunctuation not hamper the apy rate , i want to know more , i believe that if the coin price drops it would affect your apy profit at the end of the month?

 

[Niftyicon]

Binance gives several APR ,infact there are some coins where Binance offers up to 40% . Secondly kucoin is using high APR as a marketing strategy

Maeketing strategy that I hope sustainable with the number of users on the exchange. You are so right that binance also offers very high api on some coins.

 

[Binita100]

It won't drop the APY rate. It is just like, putting your money in bank fixed deposit account. The interest your bank chooses to pay you within that time frame can't be altered, even when your bank aren't successful during the period.

I have checked the apy rate and i have seen that its mostly those unpopular coin that have more apy percentage , but still profitable..

 

[a_jerobon]

Yeah I agree too, security should be priority, not saying kucoin is not safe though just picking om your point. Would prefer to trade with binance too by the way

Yeah, right. I also like binance so much. Though I have not tried Kucoin. I doubt if they have exchange for my local currency like in binance.

 

[Wisdom01]

I think Binance is the best for lending, even if its APY is lower than that of Kucoin. I choose binance because they have very many investors who also trade there. So I believe it is more trustworthy.

Same with me because i know that binance have a very high reputation because i still doubt most exchange sites for now i think.