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How to Earn Interest on Crypto with CeFi (fixed income with Matrixport) - YouTube
Channel: UpDive
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what's up guys jason here welcome back
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to the channel when it comes to
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cryptocurrencies bitcoin ethereum
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most people think there's just three
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ways of making money you buy the coin
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you buy a fund that buys a coin like
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gptc
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and the last way the most risky way is
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buying a derivative of a coin
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big misconception there are two problems
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to this thinking you only can make money
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when things go
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up and you need to guess which is the
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right coin to buy that's super
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tough so in this video i'm going to show
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you a fourth way how to earn more
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cryptocurrencies without having to guess
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which coin or the market direction it is
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lower risk
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it's boring but totally my kind of
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investing i'm just sharing with you my
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own experience what i use so it is not
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investment advice and i guarantee it
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won't make you rich
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i'm sorry though useful to know if you
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want to earn a little bit more extra
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money with your cryptocurrencies in
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particular when the market goes sideways
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we're going to dive into matrix port
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which is one of the apps and providers
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that i use and we're going to dive into
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the world of
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c5
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so the main question for this whole
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video is how do you earn more
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cryptocurrency without adding more money
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into cryptocurrency and i found out you
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actually can
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and i'm wondering are you also doing
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something similar like getting extra
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income from your cryptocurrencies please
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please let me know in the comments below
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share your secrets let me know but for
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me using
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products that earn interest on my idol
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bitcoins or ethereum is what i do and
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it's super useful or something like
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a savings account but not quite a
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savings account the risks are different
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buyer beware always read the terms and
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conditions geez jason you sound so
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corporate so i'll talk about how
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interest is really generated from
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cryptocurrencies it's almost like when
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your crypto money
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money from different accounts are pulled
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together and this c5 company
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uses it to lend to other people who need
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to borrow this money and you get a cut
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of that interest income
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that kind of business sounds familiar
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think it begins with a b
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so this is an option if you're like me
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you have some crypto but you don't
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want to sell or you don't have any
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particular view on the markets in the
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short term or you just want more income
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in between but jason wait wait what's c5
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then i need to refer to this video here
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it's kind of like a part one video of
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this one
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it'll give you the basics and break it
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down step by step from the
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infrastructure to what it really is and
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apparently many people say it was super
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helpful to understand the topic and i
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became
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someone's financial tutor so if you need
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to explain a video on what's defy and
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what's c5 then feel free to check it out
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later and the c5 model gets a lot of
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beating and bad press
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really shouldn't and i'm telling you
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this first because it makes sense to
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understand the risk before anyone should
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do anything so
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don't even think about any c5 products
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without even knowing this
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those of you who know me know i'm the
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conservative investor type when it comes
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to money
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i don't like to lose it so i always look
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at risks first
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maybe because he's just cheap but the
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biggest risk in c5
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is always looking at the security of
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your own money how sure are you
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can you get your money back and in
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comparison we do trust
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our money with a bank because there's
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regulation there's some form of
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government guarantee there's deposit
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guarantees and as well there's stiff
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penalties and jail time for bankers who
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try to steal our money but at this point
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in time those safeguards aren't quite
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there yet in the world of c5 so
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we as the customer must take some
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security precautions in our own hands
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control the level of risk and not
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fully grant 100 trust to any company
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unless they really
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earn all of it but we also need to be
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fair because banks
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and their security that we are so used
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to now today it took a long time to be
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as secure but back in 1929 to 1933 the
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great depression
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7 000 banks failed in the united states
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according to the federal reserve but
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jason why are you talking about banks
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no i know i might be boring you but hey
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we're dealing with money safety here
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safe and boring is always good with
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money here's four sensible things that i
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would do to lower the risks
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the first thing is you don't put all
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your cryptocurrencies in one basket
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to lower the counterparty risk so the
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risk to one particular party
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as a precaution use different c5
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companies the second thing is to control
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that concentration risk of yours don't
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put all your life savings in one
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cryptocurrency financial product no
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matter how secure it looks from the
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outside
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it's always good for your financial
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health as i've said in other videos if
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you are a little skeptical
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here's a simple test if i lose all my
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cryptocurrencies
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will affect my lifestyle or does it
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affect my sleep and for me the answer is
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no but if the answer is yes for you
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you're probably far too concentrated
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right the third thing is
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know the company risk understand the c5
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company understands business scale does
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it have licenses and it's the government
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or where the business
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is operating in supportive of
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cryptocurrencies and the last risk
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most importantly is make sure you hit
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that like button for this video we'll
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get to other people who need to watch it
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and they might just be risking too much
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and full transparency for you this video
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is sponsored by matrixport but i
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happen to already have been their user
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before they asked me one day to actually
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do this video so i am doing a review
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i'm sharing my experience with you so
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this is not
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investment advice but i'm gonna share
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what i found useful
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what i've learned and my gosh their app
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is so easy to use and now there's
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an even newer matrix port lite version
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user experience is even
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easier than it already already was did
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that sentence just make sense and as i
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mentioned just then i looked at the
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company first before
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really trying out their app because you
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have got to find reasons to trust
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someone else with your cryptocurrencies
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you know rules aren't mature so when i
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looked at matrix plot a few months ago i
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saw
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a young company it was founded in 2019
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headquartered in singapore but you know
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some cryptocurrencies now they brag
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about
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having no headquarters like it's some
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really cool
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updated thing i think you really do need
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headquarters to show customers where to
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find you i don't think companies have
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the right to play hide and seek with
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other people's money so matrixport is
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headquartered in singapore and this
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company has some size
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it employs over 200 people globally and
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has 10 billion dollars of assets under
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management and custody not bad
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not bad but i'm more impressed is with
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the founding team so jihan wu who is
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also linked to bitmain it's the famous
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manufacturing a lot of bitcoin mining
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machines
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now that to me means this team is in
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crypto for the long haul it's not just
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some banker who one day thought crypto
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was interesting so i have been using
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matrix port pro
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for the past few months now and it
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really puts the product front and center
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it's not for day trading it's not for
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credit cards and crypto perks but the
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way that this app
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is set up it's like a wealth manager or
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wealth product for cryptocurrencies
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it offers funds fixed income and flexi
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savings but for those new out there
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i want to talk about the latest matrix
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port lite version right it's the same
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app it looks like this so this
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is the lite version so front and center
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is four main cryptocurrencies you have
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bitcoin you have ethereum and these are
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the two stable coins usdc
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and usdt and the app background does
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change color to the coin colors so check
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this out
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so it does help me to look at what
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return rates i'm looking at for what
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type of crypto coins
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very nice touch you can see the interest
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rate or the return rate changes as you
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hit different type of coins depending on
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what you have on hand
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then it's clearly marked by the time
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kind of like a term deposit so on the
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left it's seven to 14 days so one to two
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weeks
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and the top right is 45 to 60 days so
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not more than two months
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and on the bottom right so 180 days to
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240 days
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so it's nothing too long term it's just
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to put away your coins earn some return
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in the short term
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and nothing exciting two percent three
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percent four percent but it's also not
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meant to be
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exciting it's just some return that you
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can squeeze out of your idle crypto
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coins that's the purpose
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but these rates obviously can change and
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i'm guessing it will depend on the
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demand
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and on the bottom there's a quick about
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us about the company page
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and you can see some of the business
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scale and the scopes of 5 billion in
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monthly trading volume 10 billion and
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assets under management that i mentioned
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before
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700 billion outstanding loans that's
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where interest income comes in and over
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200 employees globally so that's the
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scale of the company so before i go into
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the advanced investment section here
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let's look at what these fixed income
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products invest in first
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where does your interest money come in
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that's the most important question so
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let's click here the fixed income
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product agreement on the bottom i know
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many people don't really read the stuff
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this is dry documentation but i do point
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four
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so you can see that this fixed income is
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used for pledging
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lending or leverage lending to other
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users so that's where the interest
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actually comes from
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your cryptocurrencies is linked to
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others who are borrowing it who then pay
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the interest and it makes sense that
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matrixport will pay you part of that
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interest and then keep the rest
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and point seven you can see that the
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products can be terminated especially in
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extreme fluctuations
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but it's also the benefit for us so the
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user doesn't lose money
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for sort of a low risk type of
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investment but again it's not a
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principal guaranteed product which you
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can see on the next point so point 15.
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so basically this is not a principal
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guarantee
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it is not a substitute for bank savings
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or deposits in a legal speak you won't
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even be an
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unsecured creditor you can ask me in the
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comments below if you don't know what
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that means but if something happens
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you're way at the back of the line so
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there is risk here but i like the
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honesty on point 18
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you can see that matrix port or myself
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you know i'm not a representative for
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them i don't work for them but just to
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make it clear this is not a solicitation
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to buy or sell for residents in the u.s
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hong kong singapore or other regions
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where solicitation is not allowed i'm
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not selling you
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if you're watching from these places and
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if you're not from these places
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maybe i am no i'm not really not so
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after these tncs the terms and
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conditions
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if you still want to earn some extra
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return on your idle cryptocurrencies and
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the minimum you need for these coins on
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matrix port to start with bitcoin is
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0.01 bitcoins for ethereum at 0.01
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for usdc and usdt they're both at least
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100 units
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so matrix point wants to take care of
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new users so you actually default to the
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lite version of the app but if you're
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like me you want a bit more bells and
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whistles one click on the top left
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of the same app there's only one app in
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the top left corner brings you to the
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pro version and from the pro version you
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can also switch to the lite version and
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here's just a quick sneak peek of the
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pro version
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there's many other different products
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like dual currency flexi saving crypto
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funds but i won't explain all of that in
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this video here otherwise i'm just gonna
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keep talking and talking although i can
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but i won't so i'm just sharing this my
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own ways of generating income from
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crypto because i don't day trade i don't
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buy and sell every day i'm totally awful
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at that and i'll probably lose money so
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i use matrix port to earn a bit more for
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my own crypto and it's just one of the
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c5 apps that i use
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if you do want to start out i have less
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some freebie links down below in the
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description
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including 1288 usdc which you can use
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immediately to generate returns you
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can't withdraw this 1280a the intention
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is using it to use some products to
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generate a return it's still riskless
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for you
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i think you've heard enough from me but
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remember this is really not investment
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advice i haven't just analyzed what i
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thought was useful and sharing with
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everyone here on this video
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hope it helps
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