In the middle of a Bitcoin Rally (BTC) many of us prefer to opt for a slightly more stable source of income by earning interest. How?
When you talk about investing in Bitcoin (BTC), what comes to mind first? In general, the answer is usually linked to characteristics such as high volatility, high risk, complicated trading method and liquidation.
It’s true that when it comes to such a volatile asset, you can make a lot of money in a day or lose it all very quickly.
We are often told that money doesn’t grow on trees, that you have to work hard for every penny. But must investing in Bitcoin be so exhausting and risky?
Did you know that it’s possible to earn interest on your BTC holdings?
Recently, more and more crypto exchanges have introduced several financial products with greater stability and are well received by users. It is obvious that many holders are looking for ways to obtain higher profits with no risk or, failing that, with little risk.
If you combine Bitcoin with the traditional way to save money, you’ll have the answer you’re looking for: a BTC-interest bearing wallet.
Bexplus users can now earn up to 30% annual interest on their Bitcoin Benefit holdings through the Bexplus interest wallet. The innovative wallet allows users to earn passive income without worrying about market volatility.
Interest bearing wallet: Perfect place to park your Bitcoin and earn money
The Bitcoin wallet has become the center of attention in the past year. Especially since the COVID-19 is a wake-up call for many people to distribute their money in different channels and find more secure sources of income.
Thus, as countries around the world cut interest rates to boost the economy, many people notice that their deposits are actually depreciating.
In fact, the interest offered by many Bitcoin portfolios has exceeded the rates of return on many assets. Therefore, when traders aren’t trading, they can store the BTC in their wallets and get passive income.
Some platforms achieve this by lending the deposits to other traders, so borrowers will have to pay interest. In this case, most of the time, the borrowed deposits are “locked”, so lenders will have to wait for borrowers to close their positions if they want to get their deposits back.
Also, we must keep in mind that interest rates vary from platform to platform. For example, for Binance, the estimated annual return on a BTC deposit is approximately 1.2%.
Bexplus BTC Wallet: High liquidity, no fixed equipment, no administrative fee
Bexplus is a leading crypto derivatives platform that offers 100x leverage on BTC, ETH, EOS, LTC and XRP futures contracts.
Based in Hong Kong, Bexplus is trusted by over 100,000 traders worldwide, including the US, Japan, Korea and Iran. With no KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.
In addition, interest is calculated daily and deposit proceeds are settled monthly. Therefore, the monthly interest is calculated as (S * I / 365 * 30) = MI; where “S” represents the sum of the deposit, “I” represents the interest and “MI” is the monthly interest.
So, if you deposit 10 Bitcoin in your wallet, the monthly interest you will receive is (10 * 30% / 365 * 30) = 0.24 BTC. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting at 0.05 BTC into Bexplus.
Features of Bexplus Wallet to keep in mind
Independence: Your funds can be transferred to your trading account whenever you need them. And, in addition, the wallet is independent of the trading account, so deposits will not be used as margin, nor will they be influenced if your positions are liquidated. In addition, deposits to your wallet will not be used by Bexplus for other purposes, so your deposits will not be “blocked”.
High security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are processed manually and require several employees to coordinate them.
No early withdrawal penalties: Withdrawal requests will be processed within 1 day with no early withdrawal penalties. If you withdraw your deposit on the tenth day of the month, you can still receive the interest generated within this period.
No KYC requirements: All registrations at Bexplus are made through email verification. This way, you don’t have to worry about your information leaking out. You can start trading within minutes and the transaction between the trading account and the wallet is instantaneous.
With the Bexplus Interest Wallet, investing in Bitcoin will no longer be a “go big or go home” game. Rather, it’s a safe haven to protect yourself from the risk of volatile markets while increasing your wealth.
Benefits of Bexplus
In conclusion, the advantages that Bexplus offers to Bitcoin crypt users are
- No KYC and therefore no information leakage. Only email confirmation is required.
- 100X leverage.
- Trading simulator with 10 BTC.
- Powerful mobile support available in Apple App Store and Google Play.
- 100% deposit bonus.
- Affiliate program with up to 50% commission reward.
- 24/7 customer support.