Bitcoin or cryptocurrency holding interest-paying active platforms
People who are involved in crypto trading find it very difficult to make earnings consistently because of the change in the crypto value. Sometimes it rises and gives a profit but sometimes it makes a huge loss to the holder. But there are some other things too which makes it more volatile as compared to the traditional marketing system, like in traditional market one can predict the market as they have all the data available and there are no chances of the market getting hacked, but in cryptocurrency trade, there is always a threat of hackers hacking the blockchain.
Despite this, people make a lot of investments in the cryptocurrency trade and various platforms allow the person to get steady earnings by giving interest on the holding of bitcoin or other cryptocurrencies. It can be done by opening a crypto interest-earning account which acts like normal saving accounts in which people deposit their bitcoins or other cryptocurrencies without any time limit and the interest is given on the deposit and the person can withdraw the interest being paid on the deposit and can make the steady earning. If you are interested in bitcoin trading check the retail investors return to cryptocurrency markets .
The list of platforms where the person can get the interest on the bitcoin or crypto deposits is given below:
There are Defi lending platforms that give interest on the lending of the crypto assets and the lender is paid interest on the asset and he can get the best values. Celsius is one of those platforms in which one can earn up to 18% of interest but there are some conditions like one has to buy their premium membership which is given the name of the loyalty program. But if one does not opt for the loyalty program, he is still able to get the interest up to 14%on some cryptocurrencies like SNX. For Bitcoins, one can earn up to 6.00-6.50%. As a security, the Celsius platform has ISO certification and is the type of crypto wallet in which the platform/company has all the keys to the blockchain of the holder.
The other platform for the steady earning of interest through crypto is YouHodler. This platform gives loan and Defi lending. By opening a savings account in YouHodler one can earn up to 12% interest on the crypto assets.
The interest is paid for the week. But there are some conditions to get the interest like one has to keep its crypto assets in the account for the full week if he releases any kind of crypto asset in the middle of the week the interest is not paid to the person.
BlockFi also gives a service similar to the YouHodler and is easily accessible. One can earn up to 9% interest on stable coins and about 5% on bitcoins. BlockFi is a licensed platform that is operating in many parts of the world especially in the U.S. 48 states of the United States have allowed BlockFi to give its service to the crypto holders. BlockFi uses the combination of storage of Gemini and hot wallets which are insured by Aon.
With the savings account in the Nexo platform, one can get up to 10% interest on the crypto holdings. The Nexo platform gives one of the best services in this sector as the deposits in the Nexo platform is insured up to $375 million and also has a partnership with BitGo which allows the holder to store his assets in the cold storage wallets which have multi-level protection.