I noticed Kraken’s "Opt-in Rewards" program for BTC at 0.10%APY (instant unbound, 0.15% for 30 days lock) .
Given the history of "earn" programs on other exchanges, do you trust Kraken enough to leave BTC sitting there for this low API? I have about 80% of my BTC in cold, and they will never leave except for other life investement but I am wondering if it is worth the risk to gain this little bonus.
https://support.kraken.com/articles/360044886311-overview-of-opt-in-rewards-on-kraken
0.10% APY Kraken Opt-in rewards for Bitcoin
byu/Excellent-Ad-8594 inBitcoin
Posted by Excellent-Ad-8594
1 Comment
Not your keys for an extra 0.10%? Hard pass. On 1 BTC at ~$82k, that’s around $82 a year. If risking self-custody for an extra $82/year feels acceptable given the risks, go for it… but after Celsius and FTX, I’d pass.