As the value of Bitcoin and other cryptocurrencies continues to rise, people are looking for ways to make money on their investment. The best way to earn interest on cryptocurrency is by keeping it in a savings account.
The best bank account for cryptocurrency is a topic that has been in the news recently. There are many accounts available, but the best option is to use a savings account that offers interest on your deposits.
YouHolder Savings Account: The Ultimate Guide to Earning Crypto
Do you want to open a Bitcoin savings account with the greatest interest rates?
Or are you looking for a way to grow your crypto holdings without having to trade?
It’s quite probable that you already own some Bitcoin and are searching for methods to generate passive income with it so that you can add a few more satoshis to your wallet.
You’ve come to the right place.
YouHodler has among of the market’s highest interest rates. Simply deposit your Bitcoin or altcoins into your YouHodler account, sit back and earn up to 12% interest on your digital assets.
Instead of storing your cryptocurrencies in cold storage or on crypto exchanges while waiting for the next bull market, you can now use services like YouHodler to put your coins to work and make a good return.
What’s even better is that collecting interest on your cryptocurrency is entirely passive.
All you have to do is open a YouHodler Savings Account (it’s free), deposit your chosen crypto, and start earning daily interest to increase your crypto holdings.
For as long as you desire, your bitcoin investments will continue to produce on-going, guaranteed earnings for you with no further work on your side.
When you believe it is the appropriate moment to return to the markets, you may withdraw your bitcoin at any time.
Doesn’t it sound fantastic?
We’ll go over how the YouHodler Savings Account works in this post, as well as how to get started with YouHodler so you can put your money to work right away! as well as some basic questions regarding crypto savings accounts
It’s very simple to get involved if you already have a YouHodler account. If you haven’t already done so, sign up today to be a part of this new financial revolution!
YouHodler is not yet accessible in the United States as of this writing. If you live in the United States, you should consider joining up with BlockFi. Begin to profit from their interest-bearing accounts. With a bitcoin investment of $25 or more, you can get up to a $250 incentive.
What is a YouHodler Savings Account, and how does it work? What is the mechanism behind it?
YouHodler is a reputable financial business that enables you to earn higher interest rates on your crypto deposits as well as borrow money against them.
The concept is similar to that of traditional bank savings accounts. Instead of putting down dollars, euros, pounds, or any other local currency, you put down bitcoin and earn astronomically high interest rates over time.
Those who are tempted to purchase bitcoin but believe it is too hazardous for them should reconsider.
Banks’ basic savings account rates are now very low.
If you hold a basic savings account with a conventional bank, your interest rate is likely to be between 0.01 and 0.10 percent.
What does it imply when interest rates are approaching zero?
- Your money isn’t increasing as fast or as steadily as it might be.
- Worse, inflation is causing you to lose money each year.
Although fiat currencies are good for spending, they may no longer be so good for saving.
This is when YouHodler enters the picture.
YouHodler offers a variety of cryptocurrency savings accounts that allow customers to earn compound interest on their investments. Simply maintain your cryptocurrency in your YouHodler wallet to get 12% in stablecoins and up to 8% in other crypto.
Daily interest will be paid on your crypto holdings. You’ll also get weekly compound interest payments straight into your account.
The following is how it works:
- You deposit at least $100 in cryptocurrency into your YouHodler wallet.
- You may choose to lend the coins for a month, three months, or twelve months.
- You will get a 4.8 percent yearly interest rate.
- You will get your BTC back, plus the interest you earned, at the conclusion of the savings term.
That said, if you’re looking to invest in crypto for the long term, the YouHolder Savings Account may help you earn income while keeping your coins secure.
Why should you open a savings account with YouHodler?
Many additional crypto savings accounts exist, but the most of them need you to hold their platform-based tokens (such as Celsius Network and Nexo) to earn greater interest rates. YouHodler, on the other hand, does not.
YouHodler Savings Account has one of the best savings account interest rates (12%), as well as appealing crypto and stablecoin choices.
It’s simpler than you may think to earn interest on your cryptocurrency with YouHodler. Simply put your coins into your account, and they will immediately begin working for you.
You may take advantage of this high-yield savings account even if you’re new to crypto or don’t have any of the supported coins.
Simply change your local cash or any crypto to stablecoins inside your YouHodler account in seconds.
You may also earn weekly compound interest on your investments. This essentially implies that you may earn increasing amounts of interest each week!
You may also utilize one-of-a-kind features like YouHodler’s Turbocharge and Multi HODLTM to optimize your interest rates and earn more crypto, all from a one platform.
You may also transfer your savings account profits to any wallet you choose with a single click of a button. It’s quick and easy.
Most significantly, the Ledger Vault digital asset management system keeps your money safe and secure at all times, and it’s protected by a $150 million pooled crime insurance policy.
How much money can you save if you have a YouHodler Savings Account?
With no maximum deposit, YouHodler is increasing its crypto saving rates to the top in the market.
With a $100 investment, you may start earning interest on your cryptocurrency.
You will receive the greatest interest rates available in the market whether you deposit 0.01BTC, 1BTC, or 100BTC.
YouHodler now supports over 20+ popular cryptocurrencies:
- USDT, USDC, PAX, TUSD, DAI, HUSD – 12 percent APY; USDT, USDC, PAX, TUSD, DAI, HUSD – 12 percent APY; USDT, USDC, PAX,
- PAXG – with an annual percentage yield of 8.2 percent;
- LINK – 6.2 percent annual percentage yield;
- BTC – APY of 4.8 percent;
- ETH, XRP, and XLM – APY of 4.5 percent;
- HT, BNB – with a 3% APY.
As you can see, the amount of interest you earn with YouHodler depends on the kind and quantity of cryptocurrency you deposit, as well as the length of time you save.
Not to mention, YouHodler provides compound interest. That is, the weekly interest received will be returned to the original pool and will continue to compound. You may earn interest on interest this way! Compound interest is a great method to increase the value of your bitcoin over time.
As a result, the longer you save, the more interest you’ll get on your initial investment.
For example, if you put $10,000 in stablecoins such as USDT into a YouHodler Savings Account (which pays a 12% annual return), you may expect to earn up to $1200 after a year.
To quickly calculate the expected profits from your crypto, use our YouHodler savings calculator.
With YouHodler, you may earn interest on your cryptocurrency.
You must first create a free account, complete the KYC (Know-Your-Customer) process, and wait for approval before utilizing YouHodler. You may begin utilizing all of YouHodler’s services once your account has been authorized.
Step 1: Fund your YouHodler Wallet with cryptocurrency.
You must first select how much and for how long you wish to lend your money (1,3, or 12 months). To continue, click “Start Earning” after you’ve agreed to the interest rates and conditions.
BTC, PAXG, USDC, TUSD, USDT, HUSD, PAX, BNB, HT, XRP, XLM, and ETH deposits earn interest at YouHodler.
If you don’t have any crypto, you may deposit fiat money (EUR, USD, GBP, etc.) to your YouHodler account by bank wire transfer or debit/credit card. It may take up to 24 hours to process money sent through wire deposits. While money will be received very immediately if you pay with a credit card.
When your funds arrive in your YouHodler account, convert them to any of the available cryptocurrencies and begin earning high interest rates.
This is how you can make 12% on EUR, USD, and GBP!
Step 2: Earn interest on your cryptocurrency.
After that, make a transfer to your YouHodler Savings Account. Your coins will begin functioning for you as soon as you get the cryptocurrency, and the first weekly payment period will begin.
That is all there is to it. Simply leave your crypto in your YouHodler Savings Account and wait for weekly payments in stablecoins and crypto.
If you wish to keep track of your Savings Account profits, go to the “Earned” tab and look at your daily earnings.
Here are a few things you should be aware of:
- You will not get any interest for that week if you remove the money before the conclusion of the weekly term.
- While you may add more crypto to your YouHodler account at any time throughout the week, it will only start earning crypto interest the next week.
- Your entire accrued interest will be paid into your Savings Account at the end of each week. You may retain the interest gained there to make even more money (let it compound – earn more interest on your interest!)
Step 3: Increase your savings while maintaining your interest rate.
Try Multi HODLTM if you’re willing to take on more risk in exchange for a higher return.
Use Multi HODLTM to build a personalized portfolio that will enable you to increase your savings while maintaining your set daily interest.
Play around with your cryptocurrency until you discover the perfect balance (low risk vs. disproportionately high potential return) that fits your risk tolerance.
Visit this post with all of my suggestions for additional information on how to get the most out of YouHodler.
What currency will be used to pay the interest?
You’ll be rewarded in the same cryptocurrency as you used to deposit.
For example, if you deposit BTC, you will get BTC interest. While depositing in ETH, you will develop an interest in the currency.
YouHodler Savings Accounts are available to everyone.
Customers from all around the globe may use YouHodler, with the exception of the United States, China, and Bangladesh.
You can start increasing your funds at a faster pace and earning more crypto with YouHodler, no matter where you are from, what your background is, or what your socioeconomic position is!
You may be wondering to yourself, “But this all seems too wonderful to be true?”
It’s a relatively new idea to earn interest on your bitcoin.
And these astronomically high interest rates are made possible by YouHodler’s institutional lending division, in which the company offers crypto inventory and margin financing to trustworthy institutional, highly qualified corporate, and retail customers.
Crypto lending has shown to be a very successful income strategy on its own as crypto becomes more popular. As a result, YouHodler is able to provide the greatest interest on the market to consumers all around the globe.
Most banks, on the other hand, have a lot of overhead. Each branch, ATM, and teller is a financial drain. You don’t have to pay to utilize this item, but you do have to pay in fees and low yearly interest.
YouHodler is a superior choice since everything is done online and there are no hidden fees, which they pass on to their consumers. It’s a fantastic method for the ordinary individual to save money outside of the conventional banking system. You’ll also get exposure to Bitcoin!
With the YouHodler Savings Account, you can now save, keep, and earn crypto at the same time, providing a fantastic method to earn interest on your money without requiring any particular expertise or abilities. It’s suitable for both novices and crypto investors.
The safest long-term approach is to keep your crypto assets in your own hardware wallet, such as Ledger. Allowing your cryptocurrency to remain idle in your wallet, on the other hand, does not contribute to the creation of additional wealth.
So, while you’re waiting for the value of your crypto investment to skyrocket, try putting some of it into the YouHodler Savings Account.
This manner, you may keep growing your crypto holdings without having to spend additional money or time trading.
To take part, create a YouHodler Savings Account and begin earning interest on your cryptocurrency.
HODLing is a great way to save money.
Check out these 7 methods to generate passive income with Bitcoin and crypto if you’re interested in learning more about passive income options.
It’s OK if you want to investigate alternative crypto platforms before coming on board. To earn Bitcoin interest, check out these 7+ Best Bitcoin Lending Sites.
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P.S. This Bitcoin site is one of the most – if not the most – comprehensive resources for learning about Bitcoin, with over 20 sections covering everything from history to purchasing BTC, setting up a wallet, technical knowledge, mining, security, and trading. Enjoy!
The crypto interest rates comparison is a way to earn interest on Bitcoin. You can do this by having your Bitcoin or crypto in a savings account.
Frequently Asked Questions
What is the best Bitcoin interest account?
This is a difficult question to answer as there are many factors that go into determining the best Bitcoin interest account.
How can I earn interest on my Bitcoin?
You can earn interest on your Bitcoin by buying it with a credit card and then paying the balance in full each month.
Which crypto pays the most interest?
This is a difficult question to answer, as there are many different cryptocurrencies. However, Monero and Bitcoin Cash tend to pay the most interest.
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