The Capital: Cryptocurrency lending is giving you a flexible way to earn more from investment
By coinbreze on The CapitalCrypto lending process is one of the best routes to earn money in the crypto ecosystem. Various crypto exchanges established the platform for lending the crypto and the service provides the highest interest rates on deposits. The cryptocurrency world accumulates the massive chances to earn money instantly. The rate of interest varies but still, it is more than any traditional banking system. So, keeping your digital asset inside the crypto forum will give you maximum earning opportunities from the saving.Some way you can’t keep your Bitcoins sitting in your wallets that don’t do much and just hold it up, so you can sell it at a higher price. If you don’t care too much about your dollar value, but want to increase as much as possible the numbers of coins you have. Another great choice is the loaning of your cryptocurrency exchanges for some profit.High Lending Interest in USDT by exchanges:As I already said that the earning from crypto assets are more profitable than keeping your assets inside the banks. Now you have to find the trustable lending site to keep your investment safe inside the digital arena. Like you deposit money in the bank and earn interest credit to your account, cryptocurrency wold follows the same principle. The only thing that differs is the interest rate is quite higher than any other traditional bank policy.The cryptocurrency exchanges which are offering the lending option in their site are as follows:· Bitfinex· Coincheck· Binance· PoloniexBitfinex: Bitfinex offers more than 15% interest rate one certain currency. For USDT the interest rate in 16% and this is the highest ROI in the Bitfinex exchange. For BTC lending it only offers 3% still higher than many lending platforms.Coincheck: This Japan-based cryptocurrency exchange hub gathered more attention when it acquired the lending system for the users. Having the maximum 5% lending interest rate Coincheck offers four types of cryptocurrencies to lend from the platform. The most famous coins like Bitcoin and Ethereum lending service is available in the exchange where the other coins are Ripple and Factom.Binance: Binance is one of the newest exchange platforms which has introduced lending service for the crypto space. The lending interest rate for USDT is 10% per year.Poloniex: Another exchange platform which performs the same crypto lending strategy with different interest rate. Poloniex doesn’t support the USD lending. But BTC lending percent is 1.1%.These are the various interest rate for two major crypto coins in the industry. Anyone can use the service to lend crypto and earn a return on investment higher than the traditional bank. These four platforms are the most reputed platform among the exchanges that allow the opportunity for the client to earn from lending. This service is so popular that most of the exchanges are looking forward to opening it for the client. No doubt that this service will increase the volume in the exchange network.Why is lending crypto beneficial for getting a high return of investment?Other than lending platforms like NEXO, SALT lending, Lendroid, ETHLend, Unchained Capital, Bankera, etc. many exchanges also offer lending services. The best thing in crypto lending is to be assured first of all that it is impossible to lose your money because coins cannot be lent out of the site. They are used as traders’ margins and the various platforms are able to protect money lent against the loss of the market. You can also indicate how long you want to pay your money, and still, get the crypto when you need it back and even earn it for the days when it was gone. Investor appetite for quick capital has provided the foundation for the crypto loan industry.How much can you make from the cryptocurrency lending structure?Depending on the various factor you will earn money for lending cryptocurrencies. You must compare the interest rate from different platforms. The cryptocurrency you are willing to and the duration of the service you want to take. These are basic structures you need to figure out first before you go for any lending service.Just assume that your lend amount is 10000 USDT and you choose to lend from the Binance platform. After revising the percent of interest, you came into the conclusion that it is the best platform that suits your requirements. The rate of interest per year for USDT is 10%. So, if you have invested the amount in the traditional bank it will get 3 or 4 percent. Here it is gaining 18% above interest just holding the lending protocol. You will get 1000 USDT at the end of the tenure.So, eventually, you are earning more than any traditional banking system. So it is better to invest in the crypto lending sector rather than holding your crypto in an account or holding USD in centralized banks.Crypto lending delivers one of the kind services which proliferate the earning process inside the crypto space. The other than the exchanges anyone can lend from different sending services. Before you go for the lending process the interest rate the security protocol of the platform must be observed. It is always better to go for the platforms which hold the insurance over the crypto assets for safety reasons.https://www.coinbreze.com/Telegram: https://t.me/coinbrezeTwitter: https://twitter.com/coinbrezeFacebook: https://www.facebook.com/CoinbrezeThe Capitalhttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefCryptocurrency lending is giving you a flexible way to earn more from investment was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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