Earn up to 12.73% APY on your cryptocurrencies with the Hodlnaut interest account
- Companies like Hodlnaut are changing the cryptocurrency game
- The Hodlnaut interest account allows you to increase your cryptocurrency holdings without the vagaries of trading.
- Cryptocurrency rates have been adjusted to allow users up to 12.73% APY on their investments.
Cryptocurrencies Add a New Degree of Innovation to the Evolution of Money as a Medium of Exchange, According to EconStor. A crypto interest account might be a way for you to dramatically increase your interest rate of return, but these accounts are different from bank or credit union savings accounts. Before deciding to invest, it is important to understand how crypto interest accounts work.
Cryptocurrency Interest Account Explained
A cryptocurrency interest account allows you to participate in the cryptocurrency market while earning income, similar to a typical bank savings account. A crypto interest account can help you earn income while keeping your coins safe, while also earning interest on them, if you are interested in a long term investment in cryptocurrency.
How Hodlnaut is changing the game
Hodlnaut is a cryptocurrency lending platform that allows investors to earn interest on their holdings by lending them to approved institutions. Recently, the company reduced its withdrawal fees for Tether (USDT), US Stable Coin (USDC), Dai (DAI), and Ethereum (ETH). Hodlers can earn interest on any of six supported crypto assets: BTC, DAI, ETH, USDT, USDC, and WBTC.
The withdrawal fees for the aforementioned currencies will be as follows as of August 3, 2021:
- Tie (USDT): 10 USDT
- US Stable Coin (USDC): 10 USDC
- Dai (DAI): 10 DAI
- Ethereum (ETH): 0.0036 ETH
Hodlnaut previously offered 6.2% APY for BTC and WBTC, 6.7% APY for ETH and 10.5% APY for USDC, USDT and DAI. The new rates, as well as the introduction of levels, have been updated to reflect current market conditions. Users can now earn up to 7.5% APY on BTC and 12.73% on stablecoins.
Simply deposit any amount into your account and you will start earning interest immediately. Every Monday at 5 p.m. (GMT +8), interest is paid. There is no minimum or maximum deposit, and all balances earn interest.
Learn more about the company
Hodlnaut is a platform that provides financial services to individual investors, allowing them to earn interest on their cryptocurrencies by lending them to borrowing companies that would otherwise not be able to obtain crypto loans. Hodlnaut was founded in April 2019 by two Singaporean entrepreneurs. One of the founders, Juntao, writes that as Bitcoin Hodl-ers, they wanted to create a product that allows Hodl-ers to earn long-term interest.
Hodlnaut co-founder Juntao made his first Bitcoin purchase in 2015 and started performing spot arbitrage on various cryptocurrency exchanges. However, he was subjected to a heavy capital gains tax of 55% in Japan, prompting him to return to Singapore.
Juntao Zhu, who has an unwavering passion for Bitcoin, pitched his idea for Hodlnaut to Simon when they were introduced by a mutual friend in 2018. As a result, Hodlnaut, a crypto borrowing and lending platform that helps investors to increase the return on investment. their assets, was born and officially launched. Instead of just benefiting from price increases, cryptocurrency investors can now earn interest on their crypto and unlock its full value through yield farming.
Besides their interesting start-up history, the name of the company reflects the passion of the founders. The name Hodlnaut is a mixture of Hodl and Astronaut. Hodl is a term used in the cryptocurrency community to describe the act of holding cryptocurrency rather than selling it. By adding the abbreviated ‘naut’ they demonstrate how they plan to take their investors’ interest account investing to the next level.
How does the Hodlnaut Interest Account works
Earning APY on your cryptocurrencies with Hodlnaut is as easy as 1,2,3:
- Make a deposit with Bitcoin or other supported cryptocurrency. There is no blocking or deposit limit, so you can deposit whenever you want.
- Compound interest can be earned on your asset. Market effects determine interest rates, which are among the lowest in the industry.
- You determine when you receive payments and when you withdraw funds. Receive weekly payments to your wallets and withdraw funds whenever you want.
Why is Hodlnaut the best fit?
The main feature of Hodlnaut is its interest-generating crypto account. Users can get the highest possible return on six different digital assets: BTC, WBTC, DAI, ETH, USDC, and USDT. Hodlnaut has one of the highest interest rates on the market, with users earning up to 12.73% on their cryptocurrency. Plus, there are no blocking periods or minimum deposits required to get started. earn crypto interest, and users can receive their accrued interest weekly.
Besides interest accounts, Hodlnaut also offers business loans. Customers can obtain a line of credit using their crypto assets as collateral through crypto loans. Hodlnaut can tailor loans to the client’s business needs, with loans starting at $ 50,000 and loan-to-value ranges from 25% to 70%.
As you can see, cryptocurrency aims to give people control over their money and transactions in a secure and private way. Depositing cryptocurrencies into an interest account is a great way to passively grow your cryptocurrency portfolio. As stated earlier, it is essential that you conduct thorough research before embarking on any new adventure on the platform. Choose the platform that best meets your needs.