I have been a long-term BTC HODLer since 2017. I don't have much, but I never want to sell, so I buy in $50-$100 increments every two weeks when I am paid.
At one time, I was offered the chance to borrow money from my exchange, but I declined. I considered lending, but I had read that borrowers can and do default, and that borrowers who borrow bitcoin are likely doing so because they have been refused by banks, so I chose not to take the chance. But seeing the large amounts of APY I see on these platforms, I might give it a try.
What are your opinions on BTC lending platforms? And yeah I know the saying “not your keys not your crypto”. But I'm curious as to how other people feel about them and whether the benefits outweigh the risks. Is this something anyone else does to increase their holding? I'm looking for some input.
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