15 Comments
User's avatar
nicole lamy's avatar

Hi Mark, what about Abra?

Mark Helfman's avatar

I don't use it so I don't feel qualified to comment. What are your thoughts?

Mark Helfman's avatar

Thanks for posting. I don't use that platform so I can't vouch for it. Why are you posting your own referral links in this comments section of my newsletter?

Koalave's avatar

I follow your lead

Thomas Soelter's avatar

Hi Mark, Nexo seems to be the one platform left that I can use to add, trade and move crypto at will. Do you have any others that I would be able to use as a US citizen. Seems to me that "Big Brother" wants to control our crypto uses. CDC interest rates are very low and they have hold times. Celsius was a very good platform for earning and trading.

Thanks for answering

Tom

Mark Helfman's avatar

Big brother is looking out for us too well. Pay 20% interest on a credit card? No problem. Safe as safe can get! Earn 7% interest on your idle cash? TOO RISKY WE WILL PROTECT YOU!!!

I haven't looked into this yet. I'll check.

Thomas Soelter's avatar

Thanks for replying. I now have learned that NEXO has stopped all US customer deposits for interest. Time to be a Canadian! This seems to me like a complete shutdown for US citizens to earn big interest. The banks have their hand in this I can tell. I am truly depressed and look for advice. Thanks Tom

Mark Helfman's avatar

It sucks. Gemini Earn May still offer yield. I’m earning interest on my deposits. Also Linen app which is on my to do list to try it out when I have a chance

Mark Helfman's avatar

BTW I removed my funds from Gemini Earn. I don't know whether they're in trouble, hopefully they're ok but with everything going on, better safe than sorry.

Thomas Soelter's avatar

Hi Mark. I have been very disappointed with the changes on BlockFi and Celsius. I can no longer add to my earn accounts unless I send paperwork to get accredited investor status. The parameters for that are astronomically high. My only choice now is Nexus or Crypto. Com. But that could also change soon. They say this is helping us, but BS it’s only shutting us out in favor of the big hitters. What to do

Thanks

Tom S

Mark Helfman's avatar

Yes, it's only for US users who are accredited investors. That is because they want to avoid getting sued by US regulators. Are you talking about Nexo or Nexus Mutual?

rowacle's avatar

Hi Mark, there is some reason to not include Nexo in this list?

Mark Helfman's avatar

I don't use it so I don't feel qualified to recommend it. Heard good things, though.

User's avatar
Comment deleted
Dec 17, 2021
Comment deleted
Mark Helfman's avatar

I also spread them around. I really like Anchor, too, it's so easy to deposit UST from the Terra Station wallet.

CDC is Crypto.com?