• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Cryptocurrency

      How to Get Earning Interest on Cryptocurrency: Full Guide and Best 3 Platforms

      Hitesh Malviya by Hitesh Malviya
      July 8, 2021
      in Cryptocurrency
      0 0
      0
      saving cryptocurrency
      89
      SHARES
      1.1k
      VIEWS
      Share on FacebookShare on Twitter

      Earning interest is one of the easiest and most affordable ways of making passive income on cryptocurrencies. From this article, you’ll get to know how to make the most of it.

      Earning an interest rate is one of the most popular and affordable ways of making passive income on cryptocurrencies. From this article, you’ll get to know how to do it with minimum effort and maximum gains.

      What are the interest rates in crypto?

      This method can be compared to a savings account in a conventional bank. You open an interest-earning account on a profile platform and you transfer your crypto savings there. You let other users borrow your funds and you get rewards for it. To calculate these rewards, the APY indicator is used (annual percentage yield).

      The more money you have on your interest-earning account, the more you’ll be able to earn. Such platforms offer more flexible conditions than traditional banks. They might pay your rate every week or every month. You might be allowed to withdraw your funds at any moment without any penalties.

      Basically, this method of receiving passive income resembles hodling because you don’t need to do anything with your savings. However, if you hodl, the sum in your crypto wallet won’t increase over time.

      Top 3 Savings Accounts to Earn Crypto Interest

      On the Internet, you might find dozens of platforms that enable their users to earn an interest rate on crypto. Unfortunately, there are many scams in this sphere, so you should be very careful. Here, we’d like to recommend to you three legit and credible platforms that you can entirely trust.

      Midas.Investments

      This platform was founded in 2017 to let its users create and manage crypto passive income streams without hassle and FOMO. Midas.Investments focuses on producing passive income on the core assets, such as BTC, ETH, USDT, BNB, and DeFi market. Its team gathers the best yields from the market, making them accessible to anyone. Over 15K investors from all over the world trust Midas.Investments and have deposited over $21M+ there.

      This trustful ecosystem offers exceptionally high yields to its clients. Here, you can earn up to 17% APY on BTC, BNB and USDT. ETH might bring you as much as up to 23% APY. In total, you’ll be able to choose from over 40 assets. When you open the list of coins, you’ll be able to buy most of them right from the table that shows their overall rating, APY and other parameters. If a certain coin is not available currently, you’ll be able to request to buy it with BTC.

      Besides, the platform will offer you lucrative investment packages. For instance, thanks to the SYAP (Stable Yield Automated Portfolio) offer, you can get up to 21% APY for making investments with rewards and rebalancing. You should invest in the combination of the best crypto coins (BTC+ETH+MIDAS+USDT) handpicked by the Midas team. Thanks to the Lock-in Basic offer, you won’t need to pay fees for using the platform — you just need to hodl the native Midas coins. On the Midas.Investments site, you’ll discover more offers.

      Blockfi

      This platform was founded in 2017 to provide credit services to markets with limited access to simple products like a savings account. Its administration states that with an interest account, your APY might reach 8.6% and there will be no hidden fees.

      On Blockfi, you can earn interest on the following assets:

      • Bitcoin
      • Ether
      • Litecoin
      • GUSD
      • USDT
      • PAX
      • USDC
      • PAXG
      • LINK
      • BUSD

      When you open the Interest page, you’ll find a handy calculator that enables you to estimate your gains. For instance, if you deposit 2 BTC for 1 year, you’ll get 0.06 BTC as a reward. If you deposit 1 ETH for 1 year, you’ll earn 0.09 ETH and if you deposit 1 USDT, you’ll get 0.19 USDT.

      Interest accrues daily and is paid monthly. There is no minimum limit for topping up your balance — you’ll get your APY even for the smallest sum.

      Crypto.com

      This project was founded in 2016 and claims to be the world’s fastest-growing crypto app. It counts over 10 million users, has over 30 local communities and is available in over 90 countries.

      Crypto.com enables you to earn up to 8.5% on your crypto and up to 14% on stablecoins. With BTC, you’ll earn up to 8.5% per year, with ETH — up to 7.5% per year, with USDT — up to 14% per year. In total, you can deposit over 30 assets to your interest-earning accounts, including Bitcoin Cash, Litecoin, Cardano, EOS, DogeCoin, Binance Coin and many others. The lowest maximum interest rate is 3%.

      Your interest rate might vary depending on how much you deposit and for how long. To secure the highest rate, it’s enough to store your funds on your savings account without withdrawing them for just 3 months.

      Pros and Cons of Earning Interest on Cryptocurrency

      This method of making passive income has both strong and weak sides.

      Pros

      It is a very simple way of earning money. You can use it even if you have no experience in crypto and no profound knowledge in the financial sphere.

      You can open an interest-earning account even if you don’t owe a lot of crypto. Feel free to get started with minimal sums, just to check how it works.

      With crypto, you might get much higher yields if compared to what you can expect from a savings account in a conventional bank.

      Cons

      You’ll need to give the keys for your crypto to third parties. Of course, the platform will guarantee that your funds won’t be stolen. Yet you might feel not too comfortable about this idea.

      If the platform gets hacked, you might lose your savings. Fortunately, that would be an extremely rare occasion. If you keep your crypto in a cold wallet, you’ll be the only person responsible for its security.

      Interest rates might fluctuate over time. You might get a decent income in the first few months — and then, it might drop.

      Conclusion

      Earning interest is a simple and efficient way of making passive income on crypto. Find a reliable platform, check its rates and get rewards for letting others borrow your assets!

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: featured
      Share36Tweet22Share9

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      by Hitesh Malviya
      January 14, 2023
      0

      RINO, an enterprise-focused Monero Wallet, has recently launched a free Community Edition that allows everyone to benefit from some of...

      Learn How to Find Undervalued Coins

      Learn How to Find Undervalued Coins

      by Aniketh Paul
      October 29, 2022
      0

      Let's Learn How to Find Undervalued Coins using an amazing fundamental research tool called token terminal. Many times people judge...

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      by Aniketh Paul
      November 22, 2022
      0

      Token airdrop is the new trend in the market that is popping up in popularity after Aptos Token Airdrop Event....

      Top 10 Ways to Make Money in Crypto

      Top 10 Ways to Make Money in Crypto

      by Aniketh Paul
      October 19, 2022
      0

      Making money in every domain is challenging but in crypto, it’s totally different. There are many ways you can create...

      IOX Token Offers A High APY Per Day Through Staking Rewards And BNB Dividends

      IOX Token Offers A High APY Per Day Through Staking Rewards And BNB Dividends

      by Hitesh Malviya
      September 16, 2022
      0

      IOX is a new staking decentralized application (Dapp) that provides all users an excellent return on investment. Through IOX, users...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      November 22, 2022
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      February 2, 2021
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      bittube

      BitTube : Better than Youtube

      November 4, 2018
      WTF is an xNFT? And Why Should You Care

      WTF is an xNFT? And Why Should You Care

      July 9, 2022
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      January 14, 2023
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      A Dummy’s Guide to Ethereum Rollups

      A Dummy’s Guide to Ethereum Rollups

      November 30, 2022
      Tezos Blockchain is Always Under the Radar but Continues to Excel

      Tezos Blockchain is Always Under the Radar but Continues to Excel

      November 22, 2022
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29613 shares
        Share 11834 Tweet 7397
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9924 shares
        Share 3969 Tweet 2481
      • Top 10 Low market cap altcoins to invest in 2021

        7256 shares
        Share 2901 Tweet 1813
      • Top 10 NFT Crypto Projects You Should Know

        7254 shares
        Share 2618 Tweet 1637
      • List of leading partners of Ripple, and How they use XRP?

        5974 shares
        Share 2389 Tweet 1493
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.