![]() ![]() If you make an account with a platform that only accepts deposits in cryptocurrency, you’ll need to make an account with a crypto exchange if you don’t already have one. This makes it easy to earn interest on cryptocurrencies if you don’t already own some. Most exchanges, like Uphold and eToro, let you buy crypto directly with your bank account. Many platforms that let you earn interest make it easy to fund your account. ![]() Add cryptocurrencies to your portfolio.Nexo is currently giving free crypto to new users, starting at a $10 bonus for users that deposit $100, scaling up to a $100 bonus for users that deposit $1,000 or more. Nexo is a platform that offers high yields on stablecoins, and you can also earn interest on Bitcoin and altcoins through the platform. It also offers a lower leveraged Ethereum covered call pool that earns about 10-25% APY, which is still much higher than basic ETH pools.Īnother solid option for earning interest on your crypto is Nexo. Its 5x Bitcoin covered call pool uses options contracts to earn roughly 20-80% APY, much higher interest (and increased risk) compared to most basic lending-based staking pools. It offers 3 well-crafted pools that each use unique trading strategies. One of the best interest earning crypto platforms available right now is Flynt Finance. Some interest rates in crypto are much higher –– sometimes over 100%. However, these sky-high interest rates almost always indicate increased risk of some kind so make sure to do your research on these risks before investing. Cryptocurrency loans are often demanded by leveraged investors and exchanges that offer leverage on their platform.Ī good interest rate to earn on stablecoins with a low risk pool is typically between 6% to 9%. This means that the interest rate changes continuously based on supply and demand for crypto loans. The interest rates for these savings accounts are typically floating interest rates. Depending on if the company takes a cut of the interest, the interest rate you earn may vary, even if you invest with the same cryptocurrency. You can see the interest rate you’ll earn on different cryptocurrencies directly on the platform’s website. To get started, you’ll need to make an account with a platform that allows you to earn interest on your crypto holdings. ![]()
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