Are there any custodial savings accounts that offer interest on cryptocurrencies?
Mayank pathaniaDec 16, 2021 · 3 years ago3 answers
I'm looking for custodial savings accounts that offer interest on cryptocurrencies. Are there any options available? I want to earn passive income on my crypto holdings while keeping them secure. Can you recommend any platforms or services that provide this type of service?
3 answers
- Dec 16, 2021 · 3 years agoYes, there are custodial savings accounts that offer interest on cryptocurrencies. These accounts allow you to earn passive income on your crypto holdings while keeping them secure. One popular platform that provides this service is BlockFi. They offer interest rates on various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. By depositing your crypto assets into a BlockFi account, you can earn interest on a monthly basis. The interest rates vary depending on the cryptocurrency, but they can be as high as 8.6% annually. BlockFi is a trusted platform with a solid reputation in the crypto industry, making it a reliable option for earning interest on your cryptocurrencies.
- Dec 16, 2021 · 3 years agoAbsolutely! If you're looking to earn interest on your cryptocurrencies, there are custodial savings accounts that can help you achieve that. One such platform is Celsius Network. They offer interest rates on a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many others. By depositing your crypto assets into a Celsius Network account, you can start earning interest on a weekly basis. The interest rates are competitive and can go up to 10% annually. Celsius Network is known for its transparency and security measures, making it a popular choice among crypto enthusiasts.
- Dec 16, 2021 · 3 years agoDefinitely! If you're interested in earning interest on your cryptocurrencies, you should check out BYDFi. They offer custodial savings accounts that allow you to earn passive income on your crypto holdings. BYDFi provides competitive interest rates on various cryptocurrencies, including Bitcoin, Ethereum, and Ripple. By depositing your crypto assets into a BYDFi account, you can start earning interest on a daily basis. The interest rates are dynamic and depend on market conditions. BYDFi is a reputable platform that prioritizes security and user experience, making it a great option for earning interest on your cryptocurrencies.
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