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BlockFi is offering 11% APY on MATIC, and NEXO Wallet are offering 16% on their fixed terms

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citrone
@citrone
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At the moment, BlockFi are offering 11% APY on Polygon token (MATIC) when you buy on the BlockFi website. It states that there are "No external transfers. You can buy, sell and trade MATIC, but transfers into and out of BlockFi aren’t supported. Convert to another crypto to withdraw." [1] In my opinion, this is a minor negative, as the fees on BlockFi when buying crypto are low and is why I chose to stake my BTC on the site. They offer average~alright returns and have added some tokens recently. On the other hand, NEXO wallet offers 16% APY on Polygon token (MATIC) when you put your MATIC into a fixed term. NEXO wallet has a few tokens with high APY (like MATIC) and have a nice, clear UI. Their fixed terms can go up to a year, and you can yield a higher return by allowing the interest to be paid in NEXO token and to have a high % of NEXO tokens in your account. They do allow FLEX terms, but at a lower interest rate. NEXO offers high APY, although they are in fixed terms with limited crypto withdrawals. BlockFi offer good APY and do not have fixed terms.

I think that both of these sites are good, and trustworthy [2] [3], and I would recommend them to anybody starting out with staking. I think BlockFi is even easier than Coinbase when staking tokens and understanding how to.

<3

If you would like to donate, please do at these addresses:

0x8d6526dd47E179227b13D9ff7Fa52c4876d97041

[1] blockfi.com
[2] https://coincentral.com/nexo-review/#:~:text=Based%20on%20our%20Nexo%20review,%24100%20or%20more%20on%20Nexo.
[3] https://uk.trustpilot.com/review/nexo.io

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