When it comes to investing in Bitcoin (BTC), what comes to mind first? In general the answer is usually linked to characteristics such as high volatility, high risks, complicated trading method and settlement.
It is true that when it comes to such a volatile asset, one can make a good sum of money in one 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 should investing in Bitcoin be so exhausting and risky?
Did you know that it is possible to earn interest on your holdings in BTC?
Recently, more and more crypto exchanges have introduced various financial products with greater stability and are well received by users. It is obvious that many holders are looking for ways to make higher profits without risk or, failing that, with little risk.
If you combine Bitcoin with the traditional way of saving money, you will have the answer you are looking for: a wallet that earns BTC interest.
Bexplus users can now earn up to 30% annual interest on their Bitcoin 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 of interest has become the center of attention in the past year. Mainly considering that COVID-19 is a wake-up call for many people to distribute their money in different channels and find safer sources of income.
In this way, as countries around the world cut interest rates to boost the economy, many people find that their deposits are actually depreciating.
In fact, the interest offered by many Bitcoin wallets has exceeded the rates of return on many assets. Thus, when traders are not trading, they can store the BTC in the wallet and earn passive income.
Some platforms accomplish this by lending the deposits to other merchants, so borrowers will have to pay interest. In this case, most of the time, the borrowed deposits are “blocked,” so lenders will have to wait for borrowers to close their positions if they want to get their deposits back.
Likewise, we must bear in mind that interest rates vary from one platform to another. For example, for Binance, the estimated annual return on the BTC deposit is about 1.2%.
Bexplus BTC wallet: High liquidity, no fixed equipment, no administrative fee
Bexplus is a leading crypto derivatives platform offering 100x leverage on BTC, ETH, EOS, LTC and XRP futures contracts.
Headquartered in Hong Kong, Bexplus is trusted by more than 100,000 merchants around the world, including the United States, Japan, Korea and Iran. No KYC, no deposit fee, merchants can receive the most attentive services, including 24/7 customer support.
In addition, interest is calculated daily and deposit proceeds will be settled monthly. Therefore, the monthly interest is calculated as (S * I / 365 * 30) = MI; where “S” represents the sum of the deposit, “I” represents interest, and “MI” is monthly interest.
So, if you deposit 10 Bitcoin in your wallet, the monthly interest that you will receive is (10 * 30% / 365 * 30) = 0.24 BTC. While most lending platforms require merchants to deposit at least 1 BTC, merchants can make a deposit starting at 0.05 BTC at Bexplus.
Bexplus Wallet features that you should keep in mind
Independence: Your funds can be transferred to your trading account whenever you need them. And furthermore, the wallet is independent from the trading account, so deposits will not be used as margin, nor will they be influenced if your positions are liquidated. Furthermore, the deposits in 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 accesses, and all funds transferred from cold storage to hot wallets are processed manually and require multiple employees to coordinate them.
No penalties for early withdrawal: Withdrawal requests will be processed within 1 day with no early withdrawal penalties. If you withdraw your deposit on the 10th day of the month, you can still receive the interest earned within this period.
No KYC requirements: All registrations in Bexplus are done by email verification. This way, you don’t have to worry about your information being leaked. You can start trading in a few 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 game of ‘go big or go home’. Rather, it is a safe haven to guard against the risk of volatile markets while increasing your wealth.
Advantages of Bexplus
In conclusion, the advantages that Bexplus offers to Bitcoin crypto users are:
- No KYC and therefore no information leakage. Only email confirmation is required.
- 100X leverage.
- 10 BTC trading simulator.
- Powerful mobile support available on the Apple App Store and Google Play.
- 100% deposit bonus.
- Affiliate program with up to 50% commission reward.
- 24/7 customer support.
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