What would you rather do?

[philipma1957]

My paypal is paying 4.5% on cash. FULLY FDIC INSURED.

My coinbase is paying 5% on USDC not insured.

I am able to move funds from coin base to PayPal instantly. .

I wonder that the risk for 5% vs 4.5% is not worth it.

[Zed0X]

The 0.5% would be significant if we're talking about at least six digits. Anyway, I voted hedging for both because I think each have their advantages. I would want the fund security from Paypal in case something happens and also the flexibility provided by Coinbase.

[MrSpasybo]

My paypal is paying 4.5% on cash. FULLY FDIC INSURED.

My coinbase is paying 5% on USDC not insured.

I am able to move funds from coin base to PayPal instantly. .

I wonder that the risk for 5% vs 4.5% is not worth it.

I have been in the crypto market for many years and for me, Circle is the most reputable stablecoin issuer on the market and USDC is the best stablecoin in terms of legality. That also means I will choose USDC with higher APR, I don't refuse any interest rate!

Paypal is a big company in the financial market but PYUSD is not really attractive to me, I am not even convinced by FDIC. Maybe I am not in the US and I can only easily access USDC.

Actually, most of my stablecoins are in USDT which is the stablecoin with the largest marketcap ^^

[erus]

I don't want to choose both of them because both of their offices are very far from my house, Coinbase and Paypal I don't know where their head office is. I mean, if I invest Fiat on their platform then I better invest in a local bank with an advantage of around 3% in one year and if I have problems then I just come to the bank office.

[ABCbits]

Both are big company, where i expect neither wouldn't go bankrupt suddenly. I'm not familiar with FDIC insurance, but both company have history of freezing user account/funds with no/vague explanation[1-2]. So if you don't mind managing so many internet account, use both.

[1] https://www.engadget.com/paypal-lawsuit-freezing-customer-accounts-funds-073128563.html
[2] https://decrypt.co/73113/coinbase-users-file-class-action-over-locked-accounts

[Report]

I can't choose both because I don't have an account from Paypal or USDC so I also don't have experience investing in both platforms. I see the comparison is only 0.5% but if it's a large scale, for example with a capital of 1 million USD, the comparison will definitely be felt. In terms of calculations, I will choose a large value, namely USDC and ignore Paypal because I only think rationally.

[KryptoBull]

I can't choose both because I don't have an account from Paypal or USDC so I also don't have experience investing in both platforms. I see the comparison is only 0.5% but if it's a large scale, for example with a capital of 1 million USD, the comparison will definitely be felt. In terms of calculations, I will choose a large value, namely USDC and ignore Paypal because I only think rationally.

I don't even use PayPal or Coinbase. I base my decisions solely on a crypto investor's perspective.

USDC is intrinsically part of the crypto market, unlike USD on PayPal, and their PYUSD isn't widely recognized. So, when considering an investment closely tied to crypto and readily usable for purchasing more tokens, USDC is always the superior choice. I could opt for local fiat savings with a 6-8% interest rate, but I prefer stablecoins on CEXs because the potential returns from a timely investment decision far surpass bank APYs.

[Aanuoluwatofunmi]

My paypal is paying 4.5% on cash. FULLY FDIC INSURED.

My coinbase is paying 5% on USDC not insured.

I am able to move funds from coin base to PayPal instantly. .

I wonder that the risk for 5% vs 4.5% is not worth it.

Going by what they both offers concerning the rate, i think its something that has to do with the amount of money involved here, which am very sure the the asset in consideration is very much, but when compared to what they both have to offered, one may be tempted and go for one against the other, even the same thing is occurring on me right know in deciding for which to go for if i were in the same position to make a decision.

[royalRitta]

I can't choose both because I don't have an account from Paypal or USDC so I also don't have experience investing in both platforms. I see the comparison is only 0.5% but if it's a large scale, for example with a capital of 1 million USD, the comparison will definitely be felt. In terms of calculations, I will choose a large value, namely USDC and ignore Paypal because I only think rationally.

I don't even use PayPal or Coinbase. I base my decisions solely on a crypto investor's perspective.

USDC is intrinsically part of the crypto market, unlike USD on PayPal, and their PYUSD isn't widely recognized. So, when considering an investment closely tied to crypto and readily usable for purchasing more tokens, USDC is always the superior choice. I could opt for local fiat savings with a 6-8% interest rate, but I prefer stablecoins on CEXs because the potential returns from a timely investment decision far surpass bank APYs.

Yep, and you have more freedom than on banks investments, though it's a CEX we are talking about