Here's Where To Earn Interest On Your Bitcoin:
How do you earn passive income from your crypto assets? The best bitcoin interest platforms have low risk and high yield wealth generation features that are a sure bet for any crypto investor. Below are the top 3 bitcoin interest platforms in the market:
Option 1: BlockFi
► BlockFi – (up to $275 BONUS): 👉 https://blockfi.com/MDX
BlockFi is a centralized but highly reputable platform. It eases the lending, borrowing, selling, and purchase of cryptocurrencies. The platform offers up to 8.6% in APY. BlockFi recently landed a $350 million Series D that will supercharge its institutional-facing and retail products suite.
BlockFi offers three main products on its website;
- BlockFi Interest Accounts; users can earn up to 8.6% APY on their savings
- Trading Account; allows users to buy bitcoin and trade other cryptocurrencies
- Crypto-backed Loans; users can borrow USD at interest rates as low as 4.5% APY
The platform is very reputable, very secure, and relies on Gemini for crypto-asset custody. Gemini also ensures BlockFi’s liquid assets for complete user peace of mind. The website has a calculator to calculate and predetermine the amount of interest yield based on the principle amount and the time.
Users also have access to mobile app compatible with Android and iOS OSs. The app allows users to have instant access to their funds and have more control over their assets. Users can also use BlockFi to borrow at rates as low as 4.5% APY, which is a pretty decent yield compared to other offerings in the market.
BlockFi also has a credit card that is still under development, allowing users to use their bitcoins as collateral and spend in credit stores. Active investors in this project include Zac Prince, the CEO, and the Winklevoss Twins, who founded Gemini.
► BlockFi – (up to $275 BONUS): 👉 https://blockfi.com/MDX
Option 2: Celsius Network
► Celsius – ($20 BONUS): 👉 https://celsiusnetwork.app.link/126204a54a
Celsius is a blockchain-based lending platform launched in 2017 by Alex Mashinsky, Nuke Goldstein, and S. Daniel Leon. It is a centralized lending platform that facilitates crypto assets lending, interest-earning, and crypto assets’ borrowing against collateral.
There are no fees charged on the network except the interest paid on loans. This action is a departure from many other platforms where users pay withdrawal fees, termination fees, and more. Celsius is the place to when you want to earn rewards, borrow cash, make payments, and transfer cryptocurrencies.
Celsius Network is a community-driven platform that is very secure and a great way to earn interest in your cryptocurrencies. The platform offers higher yields than BlockFi and many other crypto aggregators. Its network is also expanding and has attracted many users to its community-centred platform with top-notch safety features.
Celsius has the CEL token that has shown a steady rise, an indicator that good things are cooking at Celsius HQ. You can earn higher yields when you use CEL tokens on the network. The CEL token offers many added advantages like zero withdrawal fees.
Celsius is more community-driven with a very active team. The platform offers top-notch security for user funds and relies on several custody services. The network has a $3.1 billion value as per an independent review by Alpha Sigma Capital.
► Celsius – ($20 BONUS): 👉 https://celsiusnetwork.app.link/126204a54a
Option 3: Crypto.com
► Crypto.com – ($25 BONUS): 👉 https://platinum.crypto.com/r/gsfer7asr4
The Crypto.com app user interface is a stunner. It allows users to spend, trade, store, and save their cryptocurrencies. Crypto.com’s key features include low fees, easy currency conversion, interest on crypto holdings, and strong security.
Think of Crypto.com as more of a crypto bank than a cryptocurrency exchange or brokerage. Users can buy and sell crypto assets on the exchange, swap crypto through their DeFi wallets, and spend their crypto assets using a prepaid card. There are five prepaid Visa Cards used to make payments at points of sale accepting Visa cards.
Users can unlock more benefits if they use the native CRO token, including 8% cashback on all card transactions, among other bonuses. Crypto.com users can use the platform to store, spend, and send cryptocurrencies.
Users can also earn up to 14% interest on their crypto holding. However, this high yield return can only be accessed using the native CRO token, while other cryptocurrencies attract a slightly lower interest rate.
The specific interest rate mainly depends on how long the money is held in the account, the type of cryptocurrency used, and the amount of CRO tokens staked. Members can increase their interest rate by staking more than 50,000 CRO, depositing for a three-month term, and investing in stablecoin.
► Crypto.com – ($25 BONUS): 👉 https://platinum.crypto.com/r/gsfer7asr4
Option 4: Nexo
Nexo is a hybrid between BlockFi and Celsius, and one of its stand-out features is the 100% guaranteed insurance policy of $375 million with BitGo. Other features include up to 12% in annual interest and daily payout.
The platform boasts more than $12 billion in assets under its management, with more than one million registered users. Users can buy or stake the Nexo token, earn interest on their crypto assets, and borrow cash.
Conclusion
Use these top-notch bitcoin interest platforms to earn a passive income from your assets. The best practice is to allocate a share of your portfolio amongst several yield earning platforms to spread risk and earn more income.