There are plenty of companies that will pay you interest on your cryptocurrencies if you park your holdings with them. Rob_Stevens_ breaks down what you need to know before you do:
) protocols, some may lend your crypto to others and finally, companies may invest your crypto. But they all have one thing in common: They use the money they earn from these activities to pay you regular interest on your holdings.Crypto savings accounts were created because interacting with unfamiliar protocols by yourself can be confusing and complicated.
For people who just want to earn some interest on their crypto and not let it just sit there, the crypto savings account may be an elegant solution. Just like a savings account with a conventional bank, the company behind a crypto savings account will lend, invest or stake your crypto on your behalf, then pay you a cut of the proceeds as regular interest payments.
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