Unlock the potential of your Bitcoin by exploring five unique methods to earn interest. Delve into the world of cryptocurrency and discover how to maximize your investment, turning digital coins into a lucrative income stream.
Bitcoin offers its advantages over fiat money and the traditional banking system
Owning Bitcoin usually means that you retain full control of your wealth
- You do not need to trust your wealth to a bank and just hope they will not lose it as so many did during the financial crisis
- However, there are ways to do it without using a bank
Bankroll a Service Free
FreeBitco.in is one of the longest running services in cryptocurrency.
- Started as a simple ‘faucet’ service where users could claim free coins every hour and save up enough to withdraw as a way to learn about crypto without putting any money on the line.
Interest Bearing Funds
BitBays is an exchange website which pays a small promotional interest rate on all balances held on their site.
Earn Interest from Margin Trading Exchanges
Many exchange providers offer something called ‘leveraged trading’.
- A trader seeks to increase their potential profit (or loss) by borrowing additional coins.
- The exchange provider will keep the trader’s own coins as collateral for this loan, and automatically close the position when they get close to depleting their balance.
For Accredited Investors
Coinsetter offers interest on bitcoin deposits
- Another way to earn interest on your bitcoins is to lend them out through peer-to-peer crowdlending websites
- Use BTCJam to get a $20 free bonus when you’ve invested a total of $250 or more
Earn Interest from a Savings Account
Bsave is a Bitcoin savings account run by Coinbase
- The interest rate is variable, currently around 2%
- Funds are used to provide liquidity on the company’s own exchange
- A great way to earn interest on cryptocurrencies
Earn Interest from Bitcoin Mining
Bter
- Offers daily variable interest on deposits of bitcoin and a wide range of altcoins
- Allows you to earn interest by allowing your coins to be used by Chinese mining company JUA to fund their operations
- HaoBTC
- Also offers fixed interest savings plans
