I am listing here crypto asset management platforms that offer cryptocurrency interest accounts. Very similar concept to a normal bank account that offers interest, just with cryptocurrency instead of dollars.
Nexo
Licensed and regulated in over 200 countries and insured of $100 million insurance on holdings and 100% of their holdings are in cold storage. It offers 6% APY on BTC and ETH. Interest is paid daily with no fees on withdrawals. They have a rewards system for their APY and even have their own Nexo Token. They are protected by BitGo, a crypto custodial company.
Haru Invest
A South Korean company that started out in 2019. Haru goes by this name HaruInvest HaruBank. They offer 6.4% APY with BTC with no minimum deposits. Withdrawal is possible with no additional fees. Your deposited assets are transferred to a cold wallet and managed by Block Crafters which is also Korean company. They are also protected by BitGo.
Celsius
Founded in 2017 by Alex Mashinsky who invented VoIP, you can earn 3.51% APY on BTC as of this writing. They use their holdings to lend to institutions and individuals. The holdings are insured by Fireblocks and Prime Trust. You can also trade with Celcius you can do this by buying coins in Coinbase and then transfer to your Celsius wallet.
BlockFi
Offers 3.5% on BTC as of this writing with no minimum deposits. You can borrow cash, and buy or sell crypto. There are no hidden fees, no minimum balances, and no reason to wait. They use their holdings to lend to institutions and corporations. They are held by the Gemini trust company. They hold 95% of their holdings in cold storage and the 5% are in hot wallets.
Submitted August 09, 2021 at 12:17AM by antiserumserasidem5 https://ift.tt/3fJHgCL https://ift.tt/2Z7cX2s
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