Bitcoin is in a volatile phase again and market sentiment is divided. While some analysts write comforting words on Bitcoin’s long-term trend remaining bullish, many are skeptical about whether Bitcoin will slump below $30,000 again.
So, if you can’t make a decision on whether to sell you Bitcoin or hold it, here is one way to take the stress off your shoulders: an interest-bearing wallet.
What is an interest-bearing wallet?
Interest-bearing wallets are designed for traders to store their coins when they are not trading. Some wallets will lend the deposited funds to other traders, and the borrowers have to pay interest.
On some platforms, these deposits are “locked up”, so you will need to wait for the borrowers to close their positions if you want to take back your deposits. The interest rates vary from platform to platform, usually at around 1%-5% annually.
Bexplus BTC Wallet – a Trustworthy Wallet with Up to 30% Interest
Bexplus, a leading crypto-trading platform offering 100x perpetual contracts on BTC, ETH, LTC, EOS, and XRP, recently launched its innovative interest-bearing wallet with up to 30% annualized interest. Without a doubt, this is one of the highest rates in the industry.
The interest rate is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest.
If you deposit 10 BTC in your wallet, the monthly interest you would receive is (10*30%/365*30)=0.24 BTC. While some lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.
Bexplus Wallet Features
Independence: the wallet is independent of the trading account, so the deposits are not used as margin, nor are they influenced if your positions get liquidated. Furthermore, the deposits in your wallet will not be used by Bexplus for other purposes, so your deposits will not be “locked up.”
High Security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.
No Penalties for Early Withdrawals: withdrawal requests will be processed within 1 day with no penalties for early withdrawals. If you withdraw your deposit on the tenth day of the month, you can still receive the interest generated within this period.
No KYC Requirements: all registrations on Bexplus are done via email verification. You don’t have to worry about getting your information leaked. You can start trading within a few minutes and the transaction between the trading account and wallet is instant.
Moreover, if you want to improve your trading skills, Bexplus analysts are always ready to help (https://t.me/Bexplus_Geoff).
Follow Bexplus on:
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Important information: please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.