You Can Earn up to 7.5% Interest on Bitcoin. Is it Worth the Risk?

You Can Earn up to 7.5% Interest on Bitcoin. Is it Worth the Risk?

You Can Earn up to 7.5% Interest on Bitcoin. Is it Worth the Risk? Photo by Jeremy Bezanger on Unsplash Investors who plan to hold their crypto assets for years, otherwise known as HODLers in crypto parlance, typically store their cryptocurrencies stashed in a hardware wallet or keep it idle on a crypto exchange. But this practice is changing. Today, HODLers are turning to cryptocurrency savings accounts as they pay high interest in crypto deposits. The interest rates on conventional bank deposits are almost negligible — often below 0.5% — when compared to the likes of a crypto savings account — up to 12% annual percentage yield (APY). High reward typically goes hand in hand with high risk and that is the case with cryptocurrencies and crypto savings accounts. The …
More on: finance.yahoo.com