Earn Bitcoin with a Crypto Interest Account
In the same way that people used to (and, let’s be honest, still do) store their money in bank accounts and receive interest on their deposits, crypto interest accounts are a new and exciting model for the blockchain industry. This model is often done to in different ways, including interest-earning accounts. Some people also refer to this simply as lending out your Bitcoin. In the end, the result is the same — by transferring your Bitcoin or other cryptocurrencies to the financial service provider, you will earn interest on your Bitcoin over time.
How do crypto interest accounts work?
A number of companies now offer the ability to earn interest on your crypto holdings. The basic structure is that you send your crypto to your wallet service provider’s website and over time you will earn interest. This provides a new way for crypto HODLers to store and earn on their crypto-asset holdings.
In recent years the interest rates offered by banks have lowered, making the returns less than ideal. Individuals have been forced to find other money-making solutions. To date, there have been almost no options for crypto holders.
Crypto holders are now turning to the alternative financial service providers for these services. Clients can earn up to 6% annual interest on their Bitcoin and Ether. The interest clients earn also compounds, maximizing their annual returns.
For example, with compound interest, users’ effective annual interest after 12 months at 6% would be 6.2%, adding even more long-term growth opportunities.
Sign up for the highest interest earning for bitcoin on the market.