Investment opportunities that can earn good returns are becoming more and more scarce with each passing day. Even the options that used to show great promise such as real estate and bank bonds or high-interest deposit accounts are no longer as lucrative as they once were. Interest rates globally are close to zero making many investors look to the cryptocurrency market for better opportunities.
Cryptocurrencies can generate additional income through trading, but Bitcoin interest is one option that attracts many investors. If you are holding some bitcoins, you can open a Bitcoin interest crypto savings account and start receiving interest that will be deposited in your account weekly or any other period you select.
If you want to know how to get free cryptocurrency, then creating a Bitcoin wallet with interest is the way to go. This account enables you to earn interest on your bitcoins without having to go through the hassle of trading on a crypto exchange. In this post, we explore things you need to know about a bitcoin wallet with interest.
How does a Bitcoin wallet with interest work?
Instead of holding your crypto coins in your wallet, waiting for the price to go up so that you can sell them, there is a better way you can even benefit more from your coins. You can sign up for an interest-earning crypto wallet and start earning interest from your coins. If there is a rise in the value of your assets, you get the benefits of that too, so it is a win-win situation.
You might wonder what the service providers get from this kind of service. Remember, the crypto market is very advanced now to the extent that we have crypto-backed loans. Saving your bitcoins in these wallets enables them to have enough cash to offer as loans which you get to benefit from too.
What is the best bitcoin wallet with interest?
Currently, there are various platforms where you can open a Bitcoin wallet with an interest account, but YouHodler offers the best crypto savings account. YouHodler allows you to earn interest on your Bitcoin and other cryptos, which can be as high as 12.3% per year. This makes it almost the best high-interest crypto savings account in the market.
Interest earned can be withdrawn weekly, and if you are looking for an even better rate, you can hold your coins for a longer time. If you have your assets for more than one year, the interest earned is compounded.
How do I get started?
Opening an interest-earning account is very easy. Your account can be up and running after completing just a few simple steps. The first step is choosing a service provider for a Bitcoin wallet with interest, and you will be required to provide identification details such as a valid email address, a password, and your identification documents.
After entering all these details, your new account will be verified via the email address provided. After that head straight to selecting the asset. You can choose Bitcoin or any other crypto as top wallets like YouHodler deal with more than one digital currency. You can then deposit your crypto coins to the wallet, and once the transaction is completed, you will automatically start earning interest.