I have been really dismayed at bank savings rates over the past 10 years. 0.4% is the best I can get at the moment in the UK on an instant access savings account.

When I stumbed across the Crypto scene, it initially struck me as akin to share trading.

But then I discovered staking / earning. Even with Fiat GBP in Binance you can get a 5% APY return paid in "real time". I am very tempted to move some of my savings to exchanges to take advantage of the higher GBP Fiat APY rate vs banks.

The only thing stopping me from doing so at the moment is that exchanges such as Binance are not FSCS registered - so if anything happens to their liquidity (or they get hacked, etc) then our money could be at risk.

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