Slayar:
I'm surprised you typed Cryptocurrency / forex in same line with scam .

AntiMen:
Who says there are no coincidences in life, My name is the same as the O.P and I also have idle funds I got from cryptocurrency trading, I'm done trading for the year and I want to invest my funds....

My funds are presently tethered and left in my crypto wallet, I seek same advice on how to invest it.

raymondhillmimi:
The OP is a mumu, ave been making decent side hustle money with the cosmos ecosystem for quite some time now, osmosis used to be over 100% APY and I wish I had staked it earlier. Even if the OP wants to play it safe USDT is the best way to go but No! She shut the door against crypto. Some people and their mindset self.

raymondhillmimi:
You said no cryptocurrency so I have no advice for you. Ave been staking some crypto and making decent APY on a regular, almost 200k a month guaranteed for doing nothing. It’s funny how you people think crypto is a scam but in reality crypto has grown past the average mind. Educate yourself!

emmadejust:





Branch Nigeria is sure 100% ...

20% interest ... Paid every monday .

AntiMen:
Who says there are no coincidences in life, My name is the same as the O.P and I also have idle funds I got from cryptocurrency trading, I'm done trading for the year and I want to invest my funds....

My funds are presently tethered and left in my crypto wallet, I seek same advice on how to invest it.

davien:
I'd rather talk on them here bro(learnt a lesson relating with people live)

The safest ways to make money in crypto right now are ;

1. Through Stablecoins
2. Through exchanges
3. Delegating to new blockchains
4. Selling gaming nfts

I do all 4 from late 2020 and my life changed. Highest I can give is that for stablecoins staking go to coingecko and search through exchanges with score of 5 and above, register, verify, compare their rates and save accordingly.

If you want to buy a crypto with a lot of upside potential and little risk, buy a staking coin that's tied to an exchange and use it to farm more coins/money.

Delegating to new blockchains like atom, Juno, Osmo etc grants you airdrops worth millions(Google it for yourself)

Then NFT games like gods unchained I've made money while playing their card games and selling unique cards I unlock plus they airdropped millions(in naira terms) late last year.

Peace out and good luck.

@harpahrah(no vex, I don't get in touch with people anymore).

madamjay:
Xend Finance is a financial platform that helps you save your money in dollars to protect your money against inflation and devaluation. When you save in dollars, as the dollar increases - the value of your savings increases. Xend Finance also gives you up to 15% annual interest on your savings.

Click here to Download the Xend Finance app: https://xendmobile.page/nairaland and get $1 to start saving!

davien:
I'd rather talk on them here bro(learnt a lesson relating with people live)

The safest ways to make money in crypto right now are ;

1. Through Stablecoins
2. Through exchanges
3. Delegating to new blockchains
4. Selling gaming nfts

I do all 4 from late 2020 and my life changed. Highest I can give is that for stablecoins staking go to coingecko and search through exchanges with score of 5 and above, register, verify, compare their rates and save accordingly.

If you want to buy a crypto with a lot of upside potential and little risk, buy a staking coin that's tied to an exchange and use it to farm more coins/money.

Delegating to new blockchains like atom, Juno, Osmo etc grants you airdrops worth millions(Google it for yourself)

Then NFT games like gods unchained I've made money while playing their card games and selling unique cards I unlock plus they airdropped millions(in naira terms) late last year.

Peace out and good luck.

@harpahrah(no vex, I don't get in touch with people anymore).

Slayar:
I'm surprised you typed Cryptocurrency / forex in same line with scam .

madamjay:
Xend Finance is a financial platform that helps you save your money in dollars to protect your money against inflation and devaluation. When you save in dollars, as the dollar increases - the value of your savings increases. Xend Finance also gives you up to 15% annual interest on your savings.

Click here to Download the Xend Finance app: https://xendmobile.page/nairaland and get $1 to start saving!

Bamz:


I've been contemplating staking but my current staking is on small sums and I feel one needs to have a considerable sum $5k upwards to really enjoy staking benefits.

gerizzim:


tell me abt cosmo ecosystem nd osmosis. Chat up08094943690

perambulator:


Did I read that correctly, 100% return in 10 years?
That is a value and wealth destroying investment

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

raymondhillmimi:
Some people don’t have sense, any investment that can’t do 100% return in 5 years max is a very bad investment.

gerizzim:


Tell me abt branch Nigeria. Chat up08094943690

raymondhillmimi:
Some people don’t have sense, any investment that can’t do 100% return in 6 years max is a very bad investment.

davien:
I'd rather talk on them here bro(learnt a lesson relating with people live)

The safest ways to make money in crypto right now are ;

1. Through Stablecoins
2. Through exchanges
3. Delegating to new blockchains
4. Selling gaming nfts

I do all 4 from late 2020 and my life changed. Highest I can give is that for stablecoins staking go to coingecko and search through exchanges with score of 5 and above, register, verify, compare their rates and save accordingly.

If you want to buy a crypto with a lot of upside potential and little risk, buy a staking coin that's tied to an exchange and use it to farm more coins/money.

Delegating to new blockchains like atom, Juno, Osmo etc grants you airdrops worth millions(Google it for yourself)

Then NFT games like gods unchained I've made money while playing their card games and selling unique cards I unlock plus they airdropped millions(in naira terms) late last year.

Peace out and good luck.

@harpahrah(no vex, I don't get in touch with people anymore).

perambulator:

If you do the calculation at 15% inflation, you will be at the same level you were at the beginning. All you have done with 100% return in 5 years is to preserve your purchasing power you have not added any wealth!!!

If it takes 6 years to get 100% as your edited post says you are actually in the red! Every Naira you invest now will only be worth the equivalent of today’s 86kobo in 6 years time.

raymondhillmimi:
But that is if the said investment was purchased in Naira right? Let’s say you have an investment purchased in USD and making 16% per annum would that add to your wealth in 5 years if you compound it?

chrisdking1:
Piggyvest Flex, 8% Per annum paid monthly
Piggybank, 10% Per annum also paid monthly

Branch Nigeria, 20% Per annum paid weekly.

nurudeen181:
print recharge cards yourself and supply to those buying wholesale in your area, save them transport and time..

lymelyte:
why not make use of binance earn.

ShedrachU:


You mean if I deposit ₦60,000 to my PiggyFlex I'll get ₦4,800 monthly with 8%?

Slayar:
I'm surprised you typed Cryptocurrency / forex in same line with scam .

perambulator:


Let me share with you a truth about crypto and traders. 80-90% of them lose money on the long run. The truth about all these people who promise high returns is that very few of them can consistently deliver and most lose everything given time. Those who make money consistently do not make consistently big returns every month to be able to promise the kind of outlandish returns they do and fulfill the said promises.

You have to ask yourself a simple question…..if they really can make this kind of returns CONSISTENTLY, Why do they need my money why share your profits with a stranger?

Most you will find need your money because they have lost all their money and need to recapitalize. The people who are really making money from trading don’t need your money or the pressure that comes from the wahala of you phoning them all the time to ask about how things are going.

Take this advice and you will save yourself a lot of pain because trust me they will eventually lose your money!!!

Crypto and trading is a zero sum game, if someone is making money someone else is losing money. You only hear about the one who made money you never hear about the one who loses !!! Anyone who is truly successful at crypto does not want or need your money! Anyone who wants your money is not a good trader and is only taking your money to start again after he lost everything!!!!!

One reason many of these crypto traders and miracle banks end up as Ponzi schemes is not because they set out to defraud anyone but that they are not as good as they thought they were and have dug themselves into a hole and keep needing new money to satisfy their obligations to existing “investors”. Eventually they run out of new money and they go bust. The bottom line is they were never that good in the 1st place. Those who are good do not need outside money because they can compounding their own money without wahala!!!

There are some genuine people but before you invest with them at least ask them to show you their verified trading statements from their broker for the last 2 years…..at least 1 year!! You will find many will run away or cannot show because those that can show you a consistent trading statement for that period don’t need or want your money.

PeaceJoyLove:

First, you did the right thing by posting NO to all the stuff above.

My Recommendations:
1. Read everything on this thread. Do not skip any post. You may find someone with a good suggestion. I am doing same too. It may be on page 12 sef. And the fellow may not mention you. Take your time.

2. The only investment which is safe are nation's TBills. That of the US is considered the safest. But it may be hard for a Nigerian to do. You may check well and see if you can. Also, look into other nation's TBills. Our reputation is bad, so, I'm not sure about this option.

3. Nigeria used to make its TBill opened to the public. I think the corrupt nature of Nigerians is too high. Imagine, banks take money and invest in the same TBill vehicle, and then give you part of the interest. They will call it their own investment scheme. I dont patronize them again. See, most of those asking you to put money in this bank and that bank have their own cut. They arent doing it in your interest. Banks these days wont allow you bid for TBills through them again. Banks are serious 419s these days. When last did you see GTB put money in any of it's ATM? Now they deal with POS traders. They are looking for every way to take from you. Well, you may still get, but I am sure that it will be peanut. I do not know what 2% to 3% of any amount of money in naira will give you. Rather, if you find a secured one abroad with 5% in dollars, Euro or Pounds, you are fine.

3. Naira is terrible oooo. Dem be 419. Do not give your money to anyone. If you dont see any, keep your cash madam.

4. You can find a way to get into converting your currency into dollars without using black market. There are still some legal ways, but needs your effort. I went into content creation because I want to deal with more dollars. It depends on you. My point is that in this present Nigeria, it seems you must monitor everything you do. You cant trust anyone. It seems there is nothing you can get into without your effort. You just need to keep doing "longer throat" because there are too many thieves around...even bank CEOs. They are all thieves.

5. The best investment you may want to do is to find a way to be a permanent residence of another country. And maybe you can still keep your job here. Two of my friends have relocated temporarily to secure that. It is for this particular issue. With naija passport, nothing. Everyone keeps rejecting you and your money outside the country. And putting it here is like playing with fire. No investment seems is secured in Nigeria except you are a politician. Even they also move our money out cos they know it isnt secured here. To me, you may want to look into it. It makes you plan well.

Anyone who wants to invest in crypto or forex should do it by himself or herself. There are BOTs which one can use, but at ones own risk. It is still better than putting it with a 419 fund manager. Do not ever give your money to anyone to invest in crypto or forex. If you want to do it, take your time and use a bot. If it is profitable, fine...if not.....fine. you know the money is to take the risk. You can try with a small amount and see if it works it. I do not use them cos I haven't got the time to look into them well. I plan doing it soon.

Well, it is not easy oooo. May God help you find something. I am reading posts here too.

Tikobanidi:


This is an eye opener, thanks for this.