One of the best things about the crypto space right now is all the various options there are to earn interest on your crypto. You may have noticed, central banks are giving you basically nothing to keep your money with them. This isn’t the case with crypto. So if you own Bitcoin and/or other crypto currencies you can grow your bags by utilizing one of the many great options available to you.
Phemex, Celsius and BlockFi
If you’re newer to crypto this is the option I definitely recommend. I’ve been in crypto for years and provide liquidity for many decentralized exchanges and yield farming platforms and I still use Phemex, Celsius and BlockFi. All of these companies are centralized and offer interest based saving accounts for your crypto.
Phemex is the newest to the Bitcoin interest game. They are a centralized exchange that has recently begun offering 10% interest on Bitcoin. This is an amazing rate and the best I know of from any centralized platform. The 10% is based on a 7 Day lock up period that can be auto renewed if desired.
If you’re interested in learning more about Phemex you can visit their website here.
If you decide to sign up, use our referral link to receive up to $600 in bonus rewards – https://phemex.com/bonus?group=1098&referralCode=HVFBE2
Celsius is my preferred one but I use both. Celsius was the original crypto savings company and guarantees giving 80% of all profits back to the community in interest payments. Currently their rates range from 4% for Bitcoin and 10.5% for stablecoins. You can choose to receive interest in the token you are saving or in their CEL token. They have a large selection of tokens you can save with them including BTC, ETH, UNI, ADA, Aave and the list is expanding quickly.
If you’re interested in learning more about Celsius you can visit their website here.
If you decide to sign up, you can use our referral link to receive a bonus of $30 in BTC – https://celsiusnetwork.app.link/1758532c3d
BlockFi is similar to Celsius although they have a more corporate feel to them and don’t have their own token. Their fees tend to be a little higher and their rates a little lower. But I like using both to spread my crypto around. BlockFi has also announced that they will be launching a Bitcoin Visa Card where you can get BTC rewards for using the card. Unlike most of the Visa Debit cards out there already this one will be an actual Visa Credit Card.
If you’re interested in learning more about BlockFi you can visit their website here.
If you decide to sign up, you can use our referral link to receive a bonus of $10 in BTC – https://blockfi.com/?ref=1f7bfe59
I recommend both of these options to almost everyone I talk to. I have used both for a long time and they only get better and better as they are growing. There are many other advanced options for earning interest on your crypto but I will cover them in future posts.