Disclaimer: This a paid post, and should not be treated as news/advice.
Do you know why people are investing more and more in cryptocurrencies? The simple and straight answer is: “the best advantage of using crypto is establishing a safe passive stream of income.”
Research studies have shown that when people have passive income, their anxiety and stress are reduced. This way, you have more time to spend with your family and friends. At the same time, you enjoy the freedom and pursue your hobbies that you have always wanted to seek.
You can enjoy with your family, spend quality time with them, travel around the world, and do many other things – but, only after you have learned to earn interest on your Bitcoins.
Using your Bitcoin to earn crypto interest has never been easy before. There are many platforms that offer a state-of-the-art facility where you can earn interest on your Bitcoins. However, in this article, we are going to tell you about the best platform among them all. Read on.
Flori Marquez and Zac Price founded Blockfi – it is a company that has raised over $25 million from different firms – including coin-based ventures. The company is young and growing at a much faster pace. When it comes to earning interest on your Bitcoins, this platform is the one to watch.
Blockfi is one of the best Blockchain PR agencies that offer a 6.5% interest rate on Bitcoins and 3.3% on ether for lenders, compounded. Without a doubt, this is the best interest rate when it comes to crypto interests for both ethers and Bitcoins. No one will take these interest rates for granted. This is only for 10 BTC deposits.
Blockfi likewise offers 4.5% interest rates for borrowers. Do you know why this is a plus for lenders? Well, it motivates a lot of people to borrow from Blockfi with attractive interest rates. You can think of it as liquidity. So, more liquidity means profit for everyone.
Another advantage of using the Blockfi interest account is that there is no requirement for a minimum deposit. The platform has opened its doors to all people and it does not matter what the size of your wallet is.
Moreover, Blockfi stores your crypto assets with Gemini, which is a third-party depository trust and a licensed and insured custodian. Gemini likewise has a great track record void of customer fund losses and hacks. In fact, Gemini works with a number of lending sites you might use.
Money is an important component of the society, which helps the world go around. Similarly, cryptocurrency is no different. We have conducted thorough research and found that Bitcoins are rapidly transitioning into crypto assets. Therefore, the ins and outs of earning interest on your Bitcoins are becoming easier and simpler day-by-day.
Blockfi is making significant efforts to improve their footing and identify their audience, in the near future, we are seeing amazing financial tools that will open the financial world to the unbanked – and we all would be capable of earning passive income from it.